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Mortgage and Lending - Platinum Home Mortgage - NMLS ID#283159
First Time Home Buyers face many challenges in today's Real Estate Market. An experienced First Time Home Buyer Specialist can help them navigate the turbulence they may encounter and make owning your first home a pleasurable experience.
The FHA Back to Work – Extenuating Circumstances program has arrived, providing Americans with the shortest possible path back to home ownership. It used to be that you would have to wait three years before applying for an FHA loan following a foreclosure, deed-in-lieu, short sale, or bankruptcy....
Will the mortgage interest deduction still be there for today’s home buyers? The Sixteenth Amendment (ratified in 1913), empowered Congress “to lay and collect taxes on incomes, from whatever source derived.”. As an offset for the taxes, interest paid (for any reason) was deducted. Keep in mind t...
When it comes to real estate and lending, one of the most closely watched government reports is the monthly jobs report.Monthly the government reports on the national unemployment rate and the results while they may impact mortgage rates don't give us a clear picture on housing recovery. The real...
Much has been made of Fannie Mae’s recent announcement of the increase in their down payment requirements for their loan programs. But how much do these changes affect most homebuyers? The Fannie Mae My Community 97 loan program has been the conventional alternative to FHA financing for many year...
You’ve applied, and have been approved for, a home loan. You spend several weeks or months searching for the perfect property with your real estate agent. After your offer is accepted, you anxiously anticipate closing day. Your belongings are packed and you’re ready to move into your new home. Th...
Congratulations!  You’ve been pre-approved for your home loan, you found the right home at the right price with the right terms and you’re ready to really get on the road to homeownership. The road to homeownership has just begun for you and to keep you on course here are 10 Things NOT TO DO whil...
Change comes slowly for the Veterans Administration but this is one change we should be proud of and who better to benefit than our active duty military and veterans? On September 26, 2013 VA Circular 26-13-18 provided an “interim policy” for granting VA loans to same sex couples. Like most “inte...
While we were sleeping or wondering about the government shutdown, FHA announced changes to their credit analysis policies that will impact many home buyer’s ability to qualify for FHA loans. FHA guidelines state “FHA does not require collection accounts to be paid-off as a condition of mortgage ...
The number one topic for first time home buyers in 2013 was: Will it be cheaper to own than rent?. For most of the year the answer was definitely YES! When home prices began to rise at a record pace and interest rates spiked, most first time home buyers (and industry professionals) assumed we had...
Without question one of the most important documents you will see as part of your first time home buyer loan is the Good Faith Estimate of Closing Costs. Its purpose is to give you a clear picture of what you’ll be signing up for and to help you compare different lender’s costs.   “KNOW BEFORE YO...

Greg Cook

Mortgage Consultant NMLS ID# 283159
local_phone(951) 765-1718
smartphone(951) 265-4532
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