Joy Spence Real Estate Loans

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YOU NEED TO KNOW IF YOUR ARE THINKING OF REFINANCING ..

Now is the Time to Refinance!

Read about what experts are predicting for the 2020 housing market.... Is Gold still a good investment? .... Things to do to lighten up your day..

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Have a Safe and Happy Year 2020! I would like to Thank my friends and family who have supported me and my business in 2019. May you all have a Great and Blessed 2020. I am here to help with all your Real Estate needs!

Conforming Loan Limit for San Mateo, San Francisco and Los Angeles counting for 1-unit is $765,600. That means that if you have a 1st loan and a HELOC, you can now combine up to the limit and avail with FANNIE MAE or FREDDIE MAC rate,

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Ready to buy your first home? Make sure to check these 5 things first: https://www.thepreferredrealty.com//ready-to-buy-a-home-c/

How to save money for the down payment to buy your first house?

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What do you need to do to buy your first Home?

How to save money for your down payment?

The future belongs to those who believe in the beauty of their dreams. Eleanor Roosevelt

Find out where the interest rate will be this year! Will lenders be more relaxed on their guidelines?

the new ceiling loan limit for one-unit properties in most high-cost areas will be $726,525.

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Learn the process of buying a home by downloading this free guide that gives you all the detail on how to get started!

What year did you buy your first house?

Is your rate still high? Do you have little or no equity? I maybe able to help. PM me or call me at (650) 465-5577.

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It is possible to still be approved for a loan after foreclosure, short-sale or bankruptcy. Contact me for more information @ (650) 465-5577.

Important information about mortgage and finance.

Important to know.

If your loan amount is higher than $424,000 and lower than $453,100 and you live in higher-cost area, you might be able to lower your interest rate. New Loan limits for 2018. Call me or private message me to check (650) 465-5577.

It has been extended to December 31, 2018. In an effort to enable more struggling homeowners to take advantage of the Home Affordable Refinance Program , HARP has also expanded the eligibility criteria for MHA to be able to offer assistance to more struggling homeowners. To check your eligibility or if you are eligible call me 650-465-5577 or click link below to lookup your eligibility. Freddie Mac Loan https://ww3.freddiemac.com/loanlookup/ Fannie Mae loan https://www.knowyouroptions.com/loanlookup

Get a Free E-Book on Home Buying Process booklet.

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Let me show you how to Stop Paying your Landlord's Mortgage. Call today 650-465-5577.

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"Can I buy a home after foreclosure", "When can I buy a home after short-sale", Is there hope after bankruptcy" You may be able to buy. If this is you or someone you know, I can help call me or message me.

3 Features Home Buyers Look for the Most Some things sell homes faster than others in today's market. Watch the video to learn more. ... I hope you find this information useful. And if you have any questions about home financing, please reach out anytime

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First Time Home Buying: This is Good News to home buyers or borrowers refinancing. The recent Fannie Mae change of the debt-to-income ratio from 45% to 50% will benefit most buyers. What does this mean to you? This means that your buying power will increase. If you qualify for about $520,000 loan amount, you may qualify for about $50,000 to $60,000 more of a home. Read more about it or contact me to see how much more you qualify for.

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Nothing Is Impossible!

10 things you need to know about Reverse Mortgage.

Another Fed Rate Hike! What does it mean? Does it affect my mortgage? Read more about it.

HomeReady is perfect for First-Time Home Buyers or Buyers with not so perfect credit scores. Click to learn more about it.

New underwriting guidelines will make it easier for many borrowers to qualify for a home loan! Click to learn more about it.

If You are 62 or over, Learn How to Purchase a home with no mortgage payment. See if this is for you......

Fannie Mae Makes Loan Qualification Easier Fannie Mae recently announced new underwriting guidelines for debt-to-income ratios (DTI) that will help make it easier for some borrowers to qualify for home loans. What is DTI? DTI is an important risk measurement of a borrower's ability to manage monthly payments and repay debts. DTI is calculated by dividing total recurring monthly debt by gross monthly income. ... What are the new guidelines? The maximum allowable DTI will be 50 percent. Borrowers with DTIs between 45 and 50 percent will no longer be required to have certain additional compensating factors. These changes apply to loans submitted via Fannie Mae's Desktop Underwriter on or after the weekend of July 29, 2017. Previously submitted loans are not eligible to be resubmitted. The good news is these new guidelines expand the potential eligibility for borrowers to purchase a home even if they have a relatively higher DTI. If you'd like to learn more or have a question about home loan products, please get in touch with me today. I'm happy to help!

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