1st Nationwide Mortgage Corporation

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All Things About HOA’s You Want to Know – OC Neighborhood Moves
03/01/2019
All Things About HOA’s You Want to Know – OC Neighborhood Moves

All Things About HOA’s You Want to Know – OC Neighborhood Moves

All Things About HOA’s You Want to Know  HOA is an acronym for “Home Owner’s Association.” Homeowners typically pay their monthly/annual dues to this association in the community they reside. Why is there an HOA?HOAs are normally created when a developer builds residential property in a par...

1st-time home buyers have more concerns than the experienced buyer.
02/14/2019
Employment Concerns for First-time Home Buyers -

1st-time home buyers have more concerns than the experienced buyer.

The employment requirements for a mortgage allow for some variations which is good news for prospective first-timebuyers looking to buy a home.

How do lenders calculate my side-job income?
02/14/2019
Will Lenders Count All Income I Receive? -

How do lenders calculate my side-job income?

Borrowers who receive income from different sources may be surprised it can be used to qualify for a mortgage. Learn which types are acceptable.

Irvine is a favorite location for all ages. Learn how much is needed to become a resident.
02/12/2019
How Much is a 20-percent Down Payment on a Median-Priced Home in Irvine, CA? -

Irvine is a favorite location for all ages. Learn how much is needed to become a resident.

As of June 27, 2018, Trulia reports that a median-sales price for a home in Irvine, CA is $839,000. That means a 20% down payment would be $167,800. Keep reading to learn why yours could be a lot smaller than that. Qualified borrowers don’t necessarily need to come in with a 20% down payment when ...

If I Rent Out My Current Home Can I Get A Mortgage To Buy Another Home? -
02/12/2019
If I Rent Out My Current Home Can I Get A Mortgage To Buy Another Home? -

If I Rent Out My Current Home Can I Get A Mortgage To Buy Another Home? -

Sure, you can. It is not an issue for everyone! You may want to rent out your current home and get another mortgage to buy a new home. Many homeowners inquire with us and ask whether they should rent or sell their home. Some of the reasons are they are in a new relationship or …

Loan fees don't have to be frightening. Here's some tips to keep them reasonable.
02/12/2019
Best Ways to Keep Closing Costs Low -

Loan fees don't have to be frightening. Here's some tips to keep them reasonable.

Many home buyers, particularly first-timers, have a challenging task when it comes to the down payment and closing costs. A great solution for buyers to bring in less cash to closing is for the seller to help with some of the sales costs is by offering a credit at closing. There is a limit on …

Getting a Mortgage with Student Loan Debt -
02/07/2019
Getting a Mortgage with Student Loan Debt -

Getting a Mortgage with Student Loan Debt -

Home financing for people with college education debt is still accessible with recent rule changes in how lenders determine your payment.

Pay Loan Points or Not?
02/07/2019
Quick Overview Regarding Loan Points -

Pay Loan Points or Not?

One term that is frequently used by industry professionals when borrowers apply to buy a home or a refinance a mortgage is the term “points,” also known as “discount points".

Things to Know Before Buying a Vacation Home -
02/07/2019
Things to Know Before Buying a Vacation Home -

Things to Know Before Buying a Vacation Home -

What exactly do you want or expect from a vacation home? Do you want a busy place that is bustling with people and tourists or peace and quiet where neighbors are few and your privacy is a top priority?

Easier Qualifying for Borrowers with Student Loan Debt -
02/07/2019
Easier Qualifying for Borrowers with Student Loan Debt -

Easier Qualifying for Borrowers with Student Loan Debt -

Fannie Mae recently announced a few new changes that may help as many as 44 million poetntial borrowers who are strapped with student loan debt qualify for mortgage financing.

Renting in Orange County is Now Even Less Affordable -
02/07/2019
Renting in Orange County is Now Even Less Affordable -

Renting in Orange County is Now Even Less Affordable -

Research shows that rents in Orange County average $1,827 per month in 2017. Single family home rents are naturally higher at $3,114. A big reason the market is so tight is due to more renters in the region and fewer homeowners.

How First-time Buyers Can Save Money After Closing -
02/07/2019
How First-time Buyers Can Save Money After Closing -

How First-time Buyers Can Save Money After Closing -

When you transition from a renter to a first time homebuyer, you are now responsible for repairs and maintenance for the home. With that in mind, here are six tips to save money after closing on your first home.

An Overview of the Powerful Benefits of a VA Home Loan -
02/07/2019
An Overview of the Powerful Benefits of a VA Home Loan -

An Overview of the Powerful Benefits of a VA Home Loan -

Here's a quick recap on 9 of the many benefits of a VA home loan for eligible borrowers seeking home financing. The facts are very convincing why this is one of the best loans to apply for if you are a veteran, spouse of a veteran or presently serving in the military.

9 Home Buyer Myths and Facts -
02/05/2019
9 Home Buyer Myths and Facts -

9 Home Buyer Myths and Facts -

For many potential homebuyers, some allow their decision to be changed by a myth. Fear of buying a home is understandable but you need to know the facts from the myths.

Down Payment Gift Rules for Borrowers -
02/05/2019
Down Payment Gift Rules for Borrowers -

Down Payment Gift Rules for Borrowers -

With strong housing demand and price appreciation in California, potential buyers sometimes need more down payment money to purchase the home they have been searching months for. A Gift can do just that for qualified borrowers.

Cash-Out Refinance for Buyers with No Waiting Period -
02/05/2019
Cash-Out Refinance for Buyers with No Waiting Period -

Cash-Out Refinance for Buyers with No Waiting Period -

If you are looking to refinance a home you just bought. there is a loan program available called delayed financing. This is one of the best methods for a cash back refinance.

How to Save on Your Mortgage by Managing Your Credit -
02/05/2019
How to Save on Your Mortgage by Managing Your Credit -

How to Save on Your Mortgage by Managing Your Credit -

The credit score of the borrower has a big impact on the interest rate and how much you are able to borrow. Scores below 680 may find challenges while somebody with a 720 or higher credit score will receive close to or the best rates and pricing.

5, 10 or 20 percent down
09/01/2016
Low Dow Payment Mortgage Considerations -

5, 10 or 20 percent down

As you get into your 30s, found “the one” you want to put a ring on, the idea of cementing your roots in one place and calling it home have grown more and more attractive. So, you may find yourself searching homes for sale on local Orange County real estate sites or Zillow a few …

Important items to check for when buying a home
09/01/2016
Home Buying Checklist – OC Neighborhood Moves

Important items to check for when buying a home

Home Buying Checklist Posted on August 30, 2016August 30, 2016 by Chris When making a home purchase, a lot of excitement and planning can make you neglect significant issues after you move-in. It’s highly recommended that you error on being overly cautious than not. For most people, purchasing a ho...

04/05/2016
4th of July Celebrations in South Orange County

It is never too early for 4h of July.

A list of annual Fourth of July events and activities in South Orange County. So, yes this is everything that does not include Disneyland (which is in North ...

04/01/2016
Top 10 Must See Places San Juan Capistrano

Must See List of Places in San Juan Capistrano. Tip: go on the weekend.

Here's some favorite places to visit in San Juan Capistrano by those who recently traveled there. Become a homeowner or refinance your existing home with a l...

04/01/2016
VA Loan Advantages in California

Helping those who served our country. Now we're here to help you

Learn about the advantages of VA Home Loan financing in California whether you are active duty or a veteran looking to buy a home or refinance. The advantage...

Answers about #FHA Loans in Orange County, California
03/30/2016
Orange County FHA Mortgage Loan Q&A

Answers about #FHA Loans in Orange County, California

Orange County FHA Frequently Asked Questions (FAQ) What makes a mortgage an FHA loan? The Federal Housing Administration (FHA) insures FHA loans. This is one of the most significant factors. What are the primary benefits of an FHA loan? Most FHA borrowers seek the low down payment requirements of FH…

U.S. Mortgage Rates Still Favorable for Spring Home Buying Season - According to Freddie Mac's latest Primary Mortgage M...
03/14/2016
U.S. Mortgage Rates Still Favorable for Spring Home Buying Season

U.S. Mortgage Rates Still Favorable for Spring Home Buying Season - According to Freddie Mac's latest Primary Mortgage Market Survey (PMMS), U.S. mortgage rates moved higher for the second week in a row, while also only posting the second increase this year making mortgage rates very attractive for the upcoming spring home buying season.

Sean Becketti, chief economist of Freddie Mac says, "The 10-year Treasury yield ended the survey week exactly where it started, however the solid February employment report boosted the yield noticeably on Friday and Monday. Our mortgage rate survey captured the impact of this temporary increase in yield, and the 30-year mortgage rate rose 4 basis points to 3.68 percent. This marks the second increase this year. Nonetheless, the mortgage rate remains 33 basis points lower than its end-of-2015 level."

Freddie Mac PMMS Report Facts:

30-year fixed-rate mortgage (FRM) averaged 3.68 percent with an average 0.5 point for the week ending March 10, 2016, up from last week when it averaged 3.64 percent. A year ago at this time, the 30-year FRM averaged 3.86 percent.
15-year FRM this week averaged 2.96 percent with an average 0.5 point, up from last week when it averaged 2.94 percent. A year ago at this time, the 15-year FRM averaged 3.10 percent.
5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.92 percent this week with an average 0.4 point, up from last week when it averaged 2.84 percent. A year ago, the 5-year ARM averaged 3.01 percent.
- See more at: http://www.worldpropertyjournal.com/real-estate-news/united-states/primary-mortgage-market-survey-march-2016-pmms-sean-becketti-freddie-mac-best-mortgage-rates-real-estate-news-spring-home-buying-season-data-9715.php#sthash.S7wwUvsY.dpuf

U.S. mortgage rates moved higher for the second week in a row, while also only posting the second increase this year making mortgage rates very attractive for the upcoming spring home buying season.

02/01/2016

With current mort rates below four percent, millions of U.S. homeowners are in position to refinance to save money.

And, although more households are refinancing than during any period in the last 18 months, only a little more than half of consumers think "it would be easy" to get a mortgage today.

The sentiment is unfounded.

Since the start of 2014, U.S. lenders have systematically loosened home loan guidelines such that, today, Ellie Mae reports records numbers of home loans making it through the loan approval process unscathed.

available for credit scores of 580 and higher; and with conventional loans requiring less paperwork, not since 2008 has it been so easy to be mortgage-approved.

Consumer sentiment is failing to follow the reality of today's housing and mortgage markets. Home values are rising and current mortgage rates are low.

AN INSTANT MORTGAGE RATE QUOTE

The Fannie Mae Housing Market Survey shows consumers expecting modest home price growth in the next 12 months, along with an increase in today's mortgage interest rates. Ultimately, both predictions may be proved wrong.

Take a look at today's real mortgage rates now. Your social security number is not required to get started, and all quotes come with instant access to your live credit scores.

How Much Money Do I Need To Buy A Home?Whether someone is buying their first home or their fifth home, one of the most f...
10/01/2015

How Much Money Do I Need To Buy A Home?

Whether someone is buying their first home or their fifth home, one of the most frequently asked questions from home buyers relates to money.

It normally sounds something like, “How much money do I need to buy a home?”

There truly is not a concrete answer to this question because there are many factors that contribute to each buyer's own individual situation.

There are so many options when it comes to financing that each home buyers situation needs to be evaluated individually.

DO YOU WANT TO MAKE A SMALL DOWNPAYMENT?

If you’re looking to buy a home with little- to no- money down, there are quite a few programs available.

The most popular program for buyers who are looking to spend little to no money on their home is a Federal Housing Administration home loan, which is also known as an FHA mortgage.

An FHA mortgage only requires a buyer to come up with a small 3.5% down payment.

FHA mortgages also allow a buyer to receive up to 6% of a home’s sale price in the form of a sellers concession.

If you’re looking to buy a home with the goal of "low monthly payments", a conventional mortgage product may be your best option.

Conventional loans traditionally require a larger down payment for the best, lowest rates; but, there are conventional loan programs that allow just 3 percent down.

One advantage to using a conventional loan as compared to an FHA loan for your low-downpayment option is that the accompanying mortgage insurance of a conventional loan can eventually go away. By contrast, with a 30-year FHA loan, mortgage insurance is required for the loan's entire life.

Eliminating mortgage insurance can reduce a buyer's monthly payment significantly.

ARE YOU ELIGIBLE FOR A HOUSING GRANT?

If you happen to be a first-time home buyer, there may be programs and grants available for you from your state or local government.

Many states offer first-time home buyer programs and grants which provide you with money to use toward the closing costs of a home.

Some of these programs will require you to take home buying education courses, and may also be limited to buyers of certain income -- but not always.

When you discuss your financing options with a lender, therefore, don't forget to ask for which first time home buyer incentives, programs, or grants that you may qualify.

It’s important to also understand that the down payment is not the only cost associated with buying a home.

Other common costs and fees associated with buying a home include the bank appraisal fee, inspection costs, mortgage underwriting fees, processing fees, and bank attorney fees.

These common costs and fees vary from lender to lender, so it’s a good idea to discuss your financing options with multiple banks so that you can compare the costs and fees.

WHAT ARE TODAY'S MORTGAGE RATES?

There is no concrete answer to how much it costs to purchase a home. Since there are so many mortgage products available, it truly depends on your individual situation.

The cost to buy a home may vary from zero dollars to tens of thousands of dollars, depending on how you structure your "deal". Be sure to ask a lender.

Also, take a look at today's real mortgage rates now. Your social security number is not required to get started, and all quotes come with instant access to your live credit scores.

Tricked out student housing equals big developer profitsOn a Wednesday afternoon, in a luxury apartment building called ...
09/22/2015
Tricked out student housing yields big profits

Tricked out student housing equals big developer profits

On a Wednesday afternoon, in a luxury apartment building called "The Standard," which would fit right into any major metropolitan downtown, sunbathers line the edges of the rooftop's infinity pool. Sweat flies in the bright fitness center as loud pops emanate from the racquetball court, and a young woman at the concierge desk phones upstairs to a resident about a package. Only this is not any residential building. It's student housing at the University of Georgia in Athens.

"What you've seen over the last several years has been more of an urbanization of student housing, where more institutional players are coming in and developing these higher-end, more urban-style properties to cater to the needs of today's college students," said Wesley Rogers, CEO of Landmark Properties, the Georgia-based developer behind The Standard—a brand of student housing residences that raise the standards on student living.

Landmark, like other student housing developers, is profiting from ever-growing demand as enrollment grows and on-campus housing ages. Rogers said Landmark grew 40 percent even during the recession and is plowing ahead with several new projects.
The Standard, a high-security building, offers students luxury apartments with granite countertops in the kitchen and en suite bathrooms for each bedroom. The building is walking distance to campus and has on-site parking. What really draws attention, though, are the added amenities. The pool, fitness center, saunas, game room with large-screen televisions and even a golf simulator.
"Just look around for yourself to see. It's always a fun time here," said John, a junior at the university, swimming up to the side of the pool.
"Everybody needs a way to unwind. You can't study all the time. Everyone needs to have their outlet, so it gives everyone their outlets," said Ashton, another junior, joining the poolside chat with her friends.
Developers claim they are just catering to student demand, but really they are competing in an ever higher-stakes play for a real estate sector that until now had been largely ignored. As enrollment at universities increases, so does housing demand and competition to get that top-tier demand.
"Student housing in general is a relatively young industry. Developers really hadn't focused on student housing until about 20 years ago, and for the most part students were living in dorms that were built in the '50s or '60s," said Brendan Coleman, managing director at Walker & Dunlop, a commercial real estate financing firm.
http://www.cnbc.com/2015/09/03/tricked-out-student-housing-equals-big-developer-profits.html

The increased urbanization of student housing is translating into big money for some developers and REITs.

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