Facing Foreclosure or Loss Of Job?

What the future holds

Informative video on how homeowners who are losing their homes due to foreclosure or job loss and new hope and help from their banks. California is offering free money for mortgages while making a push to get homeowners into a 2 billion dollar foreclosure prevention program, and as a result, you could see a principle reduction on your … [Read more...]

IRS Says…You’ll Owe More Taxes If You Sell By The Short Sale Process!!!

Do You Need To Short Sale Your Home?

This is some important news for home sellers thinking about doing a short sale and why you'll want to do it before the end of the year. Have a great weekend! By clicking the link below you will be able to watch a video on what is in store for homeowners come 2013: http://rmilending.com/short-sale-tax-relief If you would like more … [Read more...]

30-Year Fixed Loan vs. 7-Year Fixed Loan

Latest information on Redwood City real estate

30 year fix vs 7 year fix A 30-year fixed rate loan in real estate is a loan your bank gives you and you agreed to repay the principal and interest on the money you borrowed equally over a 360 months payment schedule.  This contrast to a 7-year fixed loan, which is also known as an ARM or adjustable rate mortgage your interest rate and … [Read more...]

Redwood City’s Monday Money Video

What the future holds

Here is a video which is insightful as well as funny. Each week Rich Iacovetta over at RMI Lending put together the latest information about Redwood City real estate financing. This information will help you save time and money so sit back and enjoy 2-3 minutes of information you can use. If you would like to have this video sent to you … [Read more...]

Redwood City FHA Mortgage Scam

credit report

Starting, Monday April 1, 2012, FHA is going to start tougher requirements for home borrowers who use FHA Mortgages.  These new requirements are all part of a belt-tightening policy.  On the surface this is a good thing.  If FHA enforces these new mortgage requirements the thought is they will not leave their Mortgage Insurance companies exposed … [Read more...]

Video on how to reduce your FHA mortgage’s monthly payments

refinance piggy bank in good hands

Great video that can help you if you were one of the homeowners who bought your house over 3 years ago with a FHA loan to refinance under the new reduced mortgage insurance rates for FHA streamline refinance. This is for homeowners who closed escrow on their homes using a FHA loan that closed before June 2009. … [Read more...]

Foreclosure, What Not To Do

Sheriff At Work

Redwood City, CA  You are behind on your mortgage payments. You received a foreclosure notice from your bank.  You think OK I can solve this and you surrendered your keys to your bank, moved out, and canceled your homeowner’s insurance. Do you think you are off the hook?   You are not off the hook.  You can be sued for problems on your … [Read more...]

Redwood City’s Monday Money: 3 Things You Must Do BEFORE April 1st!

US print the money

Redwood City real estate and your money: Here is a satirical and poignant video on the state of the current mortgage climate in California. Brought to you by Rich Iacovetta over at RMI Lending in Santa Clara. This is an easy and fun way to learn about your home loan and/or the process you are currently experiencing with your own loan. Please come … [Read more...]

In Redwood City After A Foreclosure Or BK When Can You Buy A Home?

What the future holds

Here is an insightful video on when you can buy a home after you have gone through a foreclosure or bankruptcy. This is a satirical and poignant video on the state of the current mortgage climate in California. Brought to you by Rich Iacovetta over at RMI Lending. This is a fun way to learn about your home loan and/or the process you are … [Read more...]

Monday Money Video – February 20, 2012

What the future holds

Here is a satirical and poignant video on the state of the current mortgage climate in California. Brought to you by Rich Iacovetta over at RMI Lending. This is a fun way to learn about your home loan and/or the process you are experiencing with your loan process. This is the video to watch. Please come back every Monday for the Monday Money … [Read more...]