North County San Diego Mortgage Expert

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Mortgage and Lending - Carlsbad CA Mortgage Banker, Mann Mortgage - NMLS#284800
Working in the San Diego housing market over the past 20 years has been interesting and exciting to say the least. Technology has not only changed the way you shop for homes, but also the way you shop for a mortgage. However, this is still a "press the flesh" business and it is important to get to know your Realtor and your lender.

ARCHIVED BLOG POSTS

2012 

We have all heard the rumors over the last few months that the Federal Housing Administration (FHA) planned to increase their mortgage insurance premiums, but no one really knew when. In yesterday's press release FHA Takes Additional Steps To Bolster Capital Reserves, acting FHA Commissioner ...
02/28/2012
OPEN HOUSE THIS SUNDAY, FEBRUARY 26THFROM 1PM TO 4PM 1776 Shadow Mountain Drive Encinitas, CA 92024 Wonderful 3 Bedroom Home In Flair Encinitas Home   Photo Gallery   Virtual Tour   Property Map   Payment Info   Request Showing     Christine KuenekeCA DRE # 01809365 Office: (760) 613-1626 Mobile:...
02/24/2012
The HARP Deal, officially going live to lenders and borrowers on Monday March 19, 2012, has very generous credit requirements, namely: ***NO MINIMUM CREDIT SCORE IS REQUIRED*** Mortgage history is also far less stringent for the HARP Deal than other loan programs.  The Fannie Mae (FNMA) underwrit...
02/24/2012
One of the requirements of the HARP Deal is that the borrower must have at least one benefit from the transaction.  The Fannie Mae guide is more specific calling the benefit a "movement to a more stable product" namely: A mortgage loan with an interest-only feature to a fully amortizing...
02/24/2012
The HARP Deal 2.0, Can You Choose Your Own Lender? YES YOU CAN.  A common misconception regarding the HARP Deal 2.0 is that borrowers can only take advantage of the expanded refinance guidelines of the HARP Deal 2.0 if they refinance through their current servicing lender.  This is not true.  The...
02/24/2012
One of the best aspects of the HARP Deal, and the main thing that previous versions of the HARP Deal was lacking, is the new Loan to Value (LTV) is not capped.  The first version of the HARP Deal limited the new Loan to Value at 105%.  The next version of the HARP Deal capped it at 125%.  Now, no...
02/24/2012
In order to qualify for the HARP Deal, your loan must have been closed and committed/delivered to Fannie Mae (FMNA) or Freddie Mac (FHLMC) prior to June 1, 2009.  Fannie's version of the HARP Deal is called the DU Refi Plus.  Freddie's version of the HARP Deal is called LP Open Access. Bo...
02/24/2012
One of the best aspects of the HARP Deal 2.0 is that it is not just for owner-occupied properties.  Eligible properties for the HARP Deal include: Primary Residence  Second Homes Non-Owner Occupied 1-4 Units Condominiums PUD's (Planned Unit Developments) Manufactured Homes Even better, Fannie...
02/24/2012
Now that the release of the HARP Deal is nearing, we have more information regarding the program. This updated information includes the HARP Deal Income Documentation and the HARP Deal Debt Ratios. For Fannie Mae owned loans, the basic required income documentation for borrowers that are salary/h...
02/24/2012
Now that the release of the HARP Deal is nearing, we have more information regarding the program. This updated information includes the HARP Deal Income Documentation and the HARP Deal Debt Ratios. For Fannie Mae owned loans, the basic required income documentation for borrowers that are salary/h...
02/24/2012
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Kevin Kueneke

San Diego Mortgage Banker
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