What are Home Loan Interest Rates Based On?

How are interest Rates Determined?

Rates correspond with the bond market and change every 15 minutes.
Watch the stock market to see how it is doing.
Stay in contact with your lender. Your lender can help keep you informed.

Be sure to choose your lender wisely. Your Professional real estate agent should have at least three lenders that she can recommend for you to interview before selecting one.

Purchasing a home and taking out a home loan is one of the biggest financial decisions you will make. Be sure to have a team of trusted professionals working with you.

What was the highest interest rate you can remember?

Pam McCoy, Realtor (r)
Coldwell Banker Real Estate
1180 Iron Point Road, Suite 130
Folsom, CA 95630
916.865.8759

Is it Possible to Buy a Home with No Money Down?

The lending market is constantly changing. New loan programs and grants consistently come available. Check with your professional trusted lender to find out the current programs.

Are you thinking about purchasing a home? It is important to contact a professional lender and real estate agent to find out what is happening in the real estate market today.

I can help you with your home purchase and give you a list of lenders to interview. Give me a call today!

Pam McCoy, Pro-Active Trusted Real Estate Advisor
Coldwell Banker Real Estate
1180 Iron Point Road, Suite 130
Folsom, Ca 95630
916.865.8759

Serving the Sacramento real estate region including: Folsom, Granite Bay, Loomis, Lincoln, Roseville, Rocklin, Newcastle, Auburn, Sacramento, Citrus Heights, Carmichael and surrounding areas.

Over 62? A Reverse Mortgage May be Used to Purchase Your Next Home

A Reverse Mortgage may be used to purchase your next home.

  • If you are over 62, you may purchase a home using a Reverse Mortgage.
  • Your age will determine the percentage you may borrow using a Reverse Mortgage.
  • Do not have to qualify for this loan with credit score or employment history.
  • No monthly payment as long as you adhere to FHA guidelines

A home buyer may borrow between 50-60% of the home value depending on age.

Interest Rates and cost of loan is regulated by FHA and HUD.

You will still own your home when you take out a Reverse Mortgage.

I hope you enjoy this video series about Reverse Mortgages. If you have any other questions, please feel free to contact us:
Gennaro Faiola, Reverse Mortgage Advisor 916.216.1140
Pam McCoy, Realtor® 916.865.8759

Your Senior Real Estate Specialists (SRES),
Pam McCoy serving Folsom, Granite Bay, Roseville and surrounding areas

Seniors Look at Reverse Mortgages – Do I Still Own My Home?

Do I still own my home when I take out a Reverse Mortgage?

Yes, you still will own your home when you take out a Reverse Mortgage. This is a common misconception with a Reverse Mortgage.

Will I have a lien on my property?

Yes, you will have a lien on your property like any other home loan. Once the lien is paid, you will have full ownership of the home. The difference between a Reverse Mortgage and a regular home loan is you do not have to pay off a Reverse Mortgage as long as you follow the FHA and HUD guidelines.

I hope you enjoy this video series about Reverse Mortgages. If you have any questions, please feel free to give me a call 916.865.8759 or email me. Did you know that you can purchase a home using a Reverse Mortgage?

Your Senior Real Estate Specialist (SRES),
Pam McCoy, Realtor®

Home Loan Interest Rates Went up Slightly | Lender Report, March, 2012

Interest Rates were up and down last week.



The question is…Will interest rates continue to climb over the year?

If you are looking to buy or sell a home in Folsom, Granite Bay, Roseville or the surrounding areas, I would be happy to assist you. Please give me a call at 916.865.8759.

Your Coldwell Banker Realtor®,
Pam McCoy

FHA Now Requires for all Collections Paid

FHA Update – March, 2012

FHA ALERT!

FHA WILL NOW REQUIRE RESOLUTION
OR PAY OFF OF ALL OUTSTANDING
COLLECTIONS TOTALING more than $1,000

MORE THAN $1,000 in Collections MUST be paid off

Coldwell Banker sells homes.
If you are planning to purchase a home using an FHA home loan, you will want to begin making payment arrangements for any outstanding collections totaling more than $1,000.

Disputed credit accounts or collections resulting from identity theft, credit card theft, or unauthorized use, etc., will be excluded from the $1000 limit under the terms.

For more information about an FHA home loan or the new guidelines, you may contact my Princeton Capital Senior Loan Officer, Kristy Ruhkala NMLS# 256835 (916) 532-8080.

Looking forward to helping you purchase your next home!

Pam McCoy
916.865.8759

Princeton Capital is a Residential Mortgage Lender, and an RMR Financial company, licensed by the California Department of Corporations under the California Residential Mortgage Lending Act, license #415-0027.