First Time Home Buyer Mortgage Rates

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Temecula First Time Home Buyers – Should you wait?

Thursday, December 17th, 2009

Many first time home buyers in Temecula and other parts of Southern California feel that now may not be the best time to buy their first time home. These first time buyers feel that waiting is a better strategy.

Temecula Real Estate

So what’s really going to happen to the Temecula real estate market and how will that impact Temecula First Time Home Buyers?

In a previous post we talked about the stars aligning AGAINST first time home buyers. To read more click here

Well here is more evidence that waiting may not be your best bet. (more…)

Tags: First Time Home Buyers, foreclosures, temecula first time home buyer, Temecula Real Estate Market
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Help for First Time Home Buyers – 3 metaphors to better understand your mortgage payment

Friday, December 4th, 2009

Mortgage payments will be the biggest chunk of your monthly expenses once you own a home. While it can be stressful to write that huge check each month, you should think of a mortgage in terms of what it means for your long term financial stability in order to help you understand why it is necessary. In the end, your mortgage payment is truly a check you write to your future self.

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: First Time Home Buyer Mortgage Payments

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Tags: First Time Home Buyers, loans for first time home buyers, temecula first time home buyer
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FHA loans to get tougher for Temecula First Time Home Buyers

Friday, December 4th, 2009

If recently introduced legislation is enacted First Time Home Buyers in Temecula and across Southwest Riverside County will face a tougher task in qualifying for their first home loan.

FHA to increase costs to First Time Home Buyers

The Federal Housing Administration (FHA) intends to raise FICO requirements, reduce seller concessions, increase mortgage insurance premiums and down payment requirements.

The Federal Housing Administration (FHA) is not, as some have claimed “the next subprime,” according to remarks prepared for presentation to congress this morning by Housing and Urban Development Secretary Shaun Donovan.

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Tags: First Time Home Buyers, help for first time homebuyers, loans for first time home buyers, Temecula Real Estate Market
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