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How Long to Buy Again After Short Sale ~ Bankruptcy ~ Foreclosure

Federal Housing Finance Agency Announces Proposal to Loosen Mortgage Standards.

Federal Housing Finance Agency Announces Proposal to Loosen Mortgage Standards.  FHFA, Fannie Mae, and Freddie Mac work together to discuss provisions of the Dodd-Frank Act and allow more homeowners to filter into the market.   FOR IMMEDIATE RELEASE 714-464-2945 Tuesday, October 28th, 2014 – Orange, CA — After the Great Recession of 2008, the mortgage […]

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California Housing Finance Agency Triple Layer Cake

Broadview Mortgage Serves Up Their First Triple Layer Cake Using Ingredients Exclusively From the California Housing Finance Agency.

Broadview Mortgage Katella Branch Serves Up Their First Triple Layer Cake Using Ingredients Exclusively From the California Housing Finance Agency.  Broadview Mortgage Corp. has proudly distinguished itself by layering not one, not, two, but three California Housing Finance Agency (CalHFA) mortgage products and down payment assistance programs to achieve a rich delight for one California […]

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Broadview Mortgage’s Katella Branch Announces Partnership with the Homes For Heroes Program.

FOR IMMEDIATE RELEASE Broadview Mortgage’s Katella Branch Announces Partnership with the Homes For Heroes Program.  The Katella Branch is officially an affiliate of the Homes for Heroes Program, a nationally recognized program serving as the largest in providing discounts for those including but not limited to: firefighters, EMT, military, peace/police officers, teachers, healthcare workers, and […]

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Mortgage Executive Magazine Lists Three Broadview Mortgage Loan Officers as Top Mortgage Originators in America for 2013.

FOR IMMEDIATE RELEASE   Mortgage Executive Magazine Lists Three Broadview Mortgage Loan Officers as Top Mortgage Originators in America for 2013.  One Loan Officer named in a list of Top 200 Mortgage Originators and two named as Top 1% of Mortgage Originators. Contact: Brittany Williams Brittany.williams@broadviewmortgage.com Broadview Mortgage – Katella Branch (714) 464-2945 broadviewmortgageorange.com   Orange, […]

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Broadview Mortgage Katella Branch Launches a New Advertising Campaign on the Fish 95.9 FM Radio Station.

FOR IMMEDIATE RELEASE Broadview Mortgage Katella Branch Launches a New Advertising Campaign on the Fish 95.9 FM Radio Station.  The new advertising will raise awareness about Broadview Mortgage’s current emphasis to bring value to borrowers seeking better options that they are experiencing in their current situation. Contact: Brittany Williams Brittany.williams@broadviewmortgage.com Broadview Mortgage – Katella Branch (714) 464-2945 […]

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President Barack Obama Avoids Addressing HARP 3.0 in the 2014 State of the Union.

President Barack Obama Avoids Addressing HARP 3.0 in the 2014 State of the Union.  It is now up to responsible homeowners to urge the U.S. Government to pass the hugely powerful program and steer the economy in the right direction. FOR IMMEDIATE RELEASE Contact: Brittany Williams Brittany.williams@broadviewmortgage.com Broadview Mortgage – Katella Branch (714)464-2945 broadviewmortgageorange.com In the […]

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FHFA Director, Mel Watt’s (Potential) Agenda, and the Political Clash Behind the Scenes.

Watt’s choice to delay the implementation of increased fees administered by Fannie Mae and Freddie Mac have caught the attention of Washington D.C., investors, and borrowers nationwide.  FOR IMMEDIATE RELEASE Contact: Brittany Williams brittany.williams@broadviewmortgage.com Broadview Mortgage – Katella Branch (714)538-4404 x 114 Orange, CA, January 13th, 2013 – Last month, the Federal Housing Finance Agency […]

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Federal Housing Finance Agency (FHFA) Expected to Release HARP 3.0 in 2014.

The FHFA is expected to rebuild the Home Affordable Housing Program and thus allow millions of homeowners to refinance their homes, and save a substantial amount of money per year. FOR IMMEDIATE RELEASE Contact: Brittany Williams Brittany.williams@broadviewmortgage.com Broadview Mortgage – Katella Branch (714)538-4404 x114 broadviewmortgageorange.com Orange, CA, December 17, 2013 – The objective of the […]

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Beginning January 2014, the US government will change the rules of mortgage nationwide.

FOR IMMEDIATE RELEASE Contact: Brittany Williams Brittany.williams@broadviewmortgage.com Broadview Mortgage – Katella Branch (714)538-4404 x114 broadviewmortgageorange.com Orange, CA, December 11th, 2013 – Analysts project that the maximum Fannie-Freddie loan size will drop the most in expensive areas, such as coastal California.  Simply put, interest rates are rising and loan sizes are dropping, tightening the reigns for […]

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Broadview Mortgage’s Katella branch names Brittany Williams Marketing Assistant.

FOR IMMEDIATE RELEASE Contact: Brittany Williams Brittany.williams@broadviewmortgage.com Broadview Mortgage – Katella Branch (714)538-4404 x114 broadviewmortgageorange.com Broadview Mortgage’s Katella branch names Brittany Williams Marketing Assistant.  Fresh out of college, Brittany Williams, brings generation Y’s tech savvy skills to Broadview Mortgage. Orange, CA, December 4, 2014 – Broadview Mortgage’s Katella branch today announced that Brittany Williams has […]

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CalSTRS Home Loan or the Extra Credit Teachers Program?

The CalSTRS home loan program needs a little more time to roll out the new program, or program line?  I have not been able to find anything official yet, but I would expect that we will. September was the target month for bringing the CalSTRS home loan program back online. It’s possible that they are […]

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Jumbo Interest Rates Lower than FHA and Conventional

Jumbo Loan homeowners and homebuyers are being rewarded for spending more on their real estate. This reward comes in the form of lower interest rates, including aggressive interest rates on Adjustable Rate Mortgages (ARM). This excerpt from the Wall Street Journal last week brought national attention to this quiet shift: In the past two weeks, the relationship […]

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$5MM Homebuyer Assistance for California Teachers ECTP Program

Breaking News:  August 2013, the State of California funds the reborn Extra Credit Teacher Program to the tune of $5,112,335 (as of 8/1/13). Assistance Summary The Extra Credit Teacher Home Purchase Program (ECTP) is a deferred payment, simple interest rate subordinate loan. The ECTP loans are available either at an amount: Not to exceed the greater […]

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State of California Announces New Assistance Programs

August 2013 the State of California Housing Finance Agency (CalHFA) has announced a new round of affordable lending programs designed to help well-prepared low and moderate income  families become California homeowners. New and old programs have been designed to give first time homebuyers access to programs that have special provisions that promote sustainable homeownership, responsible […]

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Will the CalSTRS Home Loan Program be Available in 2013?

The CalSTRS 80/17 home purchase loan was suspended in October of 2011 in a sudden move that left many California educators and public school employees without their housing benefit. Now that the dust has settled somewhat in the real estate industry and home prices (and interest rates) are back on the rise, we look forward […]

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Tips for Buying in a Competitive Real Estate Market

Today’s real estate market presents some very unique challenges. With interest rates rising, buyers are scrambling to take advantage of affordable home prices before the cost of financing goes too high. While high demand is usually a good sign of a recovering real estate market, the lack of homes available for sale is causing some […]

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The Walking Dead – "Zombie" Homeowners Seek Options

Zombie Homeowners Can Move UP instead of OUT The long nightmare of the great recession and housing crash from which we are just emerging has created a new class of home- owner, the walking dead, zombie homeowners. Unlike your traditional zombies they seek something far different from brains, they are searching for options. In Q1 […]

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Less than a 3% Chance of HARP 3.0?

HARP Refinance Options The Home Affordable Refinance Program (HARP) offers underwater homeowners the ability to take advantage of market conditions resulting in long term mortgage interest rates being at almost 40 year lows. While limited in it’s scope, the HARP program created underwriting exceptions and flexibility in terms of offering refinancing options for those homeowners […]

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Underwater Streamline Refinance into a Conventional Loan

For upside down homeowners that have a FHA mortgage right now, the Streamline Refinance loan is one of the most effective tools available for taking advantage of today’s historically low interest rates. FHA interest rates have been lower than conventional interest rates for quite some time now. This hasn’t always been the case, and it […]

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Rising Home Values Help Owners Avoid Mortgage Insurance

Since 2008 home values have slid to incredibly discouraging lows for most California home owners.  Many homeowners fell victim to economic challenges as well, resulting in bankruptcies, mortgage defaults, foreclosures and short sales. For the vast majority however, it’s been a “sit tight and wait it out” kind of real estate market.  If evaporating equity […]

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HARP Underwater Refinance Program Extended to 2015

Due to expire on December 31st, 2013, the Home Affordable Refinance Program (HARP 2.0) has been extended an additional 2 years to December 31st, 2015. HARP 2.0 is the expansion of a refinance program available to underwater homeowners that meet very specific qualifying criteria.  Most lenders and investors offer variations of the full qualifying criteria […]

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Credit Reporting Errors Prevent Purchase After Short Sale

Boomerang home buyers are pouring back into the housing market only 2 years after a short sale or deed in lieu of foreclosure, only to be met with frustration and confusion by inexperienced lenders turning down their bid for homeownership. Fannie Mae guidelines state that 2 years after a short sale or deed in lieu, […]

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CalSTRS Home Loan Coming Back

In October, 2011 CalSTRS suspended it’s last available home purchase loan program that offered a 80% first mortgage, and a 17% second mortgage to homebuyers that avoided the need for mortgage insurance. The CalSTRS 80/17 was a one of a kind loan that has been sorely missed. After almost 2 years, CalSTRS announced that it […]

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A Complete Guide to FHA Mortgage Insurance Alternatives

As FHA mortgage insurance rates continue to sky rocket, leaving more and more home buyers with fewer home loan options, private mortgage insurance comes to the rescue. After 2007, private mortgage insurance became more more difficult to qualify for and was not a great alternative to the low cost of FHA financing and the then, […]

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Rising Home Values Help CalSTRS 80/17 Refinancing

The CalSTRS 80/17 Home loan program helped many educators and employees of the California’s public education system buy homes. When CalSTRS discontinued the home loan program in the summer of 2011, it left many homeowners high and dry with no option for taking advantage of the historic low interest rates that have been available for […]

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Refinancing Your Condo with FHA Streamline Refinance

Broadview Mortgage can help in refinancing your condo into a FHA Streamline mortgage without HOA approval If you want to buy a condominium using FHA Financing, the HOA that operates and maintains the Condo Complex needs to be approved by FHA.  There is a process that the HOA has to go through to obtain this approval, […]

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April 1st, 2013 FHA Mortgage Insurance Increase Deadline

FHA mortgage insurance increases once again on April 1st, 2013.  This increase applies to all FHA mortgages with a case number on or after April 1st. A case number is assigned when a loan is submitted for approval through an FHA authorized lender.  To submit a loan, you need a loan application, a credit report, […]

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Home Loan Qualifying Guidelines for Temporary Leave Income – Maternity Leave

One of the greatest motivating factors for buying a new home is a growing family.  One of the challenges that has occurs is what happens to the family’s income when Mom goes on maternity leave? Underwriting guidelines have not always been clear or beneficial when addressing how to treat the income of an expecting mother […]

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Government Approves Cash Incentives for HARP Underwater Refinance

In an effort to encourage more underwater homeowners to take advantage of the Home Affordable Refinance Program, the Federal Housing Finance Administration along with Fannie Mae and Freddie Mac have agreed to allow lenders to offer cash, credit and cash-like incentives for refinancing under the Government’s HARP program. The original premise of the HARP underwater […]

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Community Access Loan is FHA Mortgage Insurance Alternative

With FHA Mortgage Insurance costs increasing in 2013, home buyers are desperately seeking out alternatives to increase buying power and reduce mortgage payments. The Broadview Mortgage Community Access loan is that alternative.  This is a conventional loan program that does require private mortgage insurance (PMI) offered at a special discounted rate. The discounted PMI of […]

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FHA Repairs CalHFA FHA & CHDAP Interpretation

FHA Repairs CalHFA FHA & CHDAP Interpretation UPDATE: Effective immediately on January 29th, 2013 the federal government has given a “transitional” period for CalHFA to comply with guidelines. This means that CHDAP is temporarily reinstated. The emphasis here is on the word “temporary”.  Any FHA loans originated after June 1st, 2013 may be ineligible for […]

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No Automatic FHA Approval 3 Years After Foreclosure

Tens of thousands of California families are now, or close to being eligible to boomerang back into the Real Estate market after past foreclosure, short sale or bankruptcy. 2009 was one of California’s most active years for bankruptcy, short sale and foreclosure activity.  Families that endured these hardships have come through the tunnel and the […]

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California Energy Efficiency & Solar Programs – Get Paid to Go Green

Get paid to go green? You bet!  California’s Investor-Owned Utilities and Publicly-Owned Utilities offer Energy Efficiency and Solar programs to help both single family, and multi-family homeowners cover or defer the cost of making your home more energy efficient. For qualified homeowners, there is money available to upgrade kitchen appliances, weatherproof a home, install solar […]

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Will FHA Streamlines Go Away in 2013?

Homeowners with a FHA insured mortgage may be eligible for a special refinance program that offers reduced cost, and reduced documentation refinancing options. The FHA streamline refinance program allows home owners to reduce their interest rate to current market rates if: At least 6 payments have been made on your current FHA mortgage No late […]

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New FHA Commissioner to Raise Down Payment and Closing Costs?

Last Sunday, Congress approved the appointment of Carol Galante as assistant secretary for housing and commissioner of FHA. FHA has been in the spotlight recently after rumors of a tax payer bail out due to increased market share and delinquencies as reported in the BMCD annual report to Congress delivered November 16th, 2012.  In its […]

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Mortgage Insurance Tax Deduction Extended to 2013

One major piece of the “Fiscal Cliff” conversation included an extension of the Mortgage Debt Forgiveness Act of 2007 that protects homeowners that short sale, deed in lieu or foreclose on their primary residence. The expiration of this Act would have meant seriously large tax bills and floods of bankruptcies as distressed homeowners are required to […]

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Mortgage Debt Forgiveness Act Extended for 1 Year!

January 1st, 2013:  Senate overwhelmingly passed H.R. 8 with the House approving it less than 24 hours later by a much lower margin. H.R. 8, dubbed the Job Protection and Recession Prevention Act of 2012 addresses many tax deductions that were due to expire today (January 1st, 2013.) but it’s now on it’s way to the […]

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