About arevik

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So far arevik has created 5 blog entries.

A HERO might be a Zero for you

A HERO is a Home Energy Renovation Opportunity loan, sometimes known as PACE (Property Assessed Clean Energy) loan. These loans give homeowners access to 100% financing for energy-efficient, renewable energy, and water-conserving home improvements. It is a fixed-rate loan paid through an extra charge on the property taxes. While the HERO loan makes it easy [...]

By |April 11th, 2018|Blog|Comments Off on A HERO might be a Zero for you

FICO Recalibrates Its Credit Scores

It will be easier for millions of consumers to get loans for homes, cars and other large ticket items, according to the Wall Street Journal. Fair Isaac Corporation, the company that determines FICO credit scores, will not count collection accounts if the bill has been paid or settled with the collection agency. The company will [...]

By |June 7th, 2014|Blog|0 Comments

New Refinancing Program for “Underwater” Homeowners

Tomorrow the government will announce changes to the Home Affordable Refinance Program (or HARP) that are designed to help eligible borrowers refinance their mortgages, when their mortgage balance is more than their home is worth. Homeowners in this situation are considered “underwater” on their mortgages. The program only applies to conventional loans (not FHA or [...]

By |June 7th, 2014|Blog|0 Comments

Do Mortgage Brokers Need a License?

A: Yes. Mortgage Brokers working in California must have both a Department of Real Estate (DRE) License and a Nationwide Mortgage Licensing System (NMLS) license. The state license certifies that the Broker knows how to do both real estate sales and loan origination and knows the regulations associated with both. The NMLS license certifies that [...]

By |June 7th, 2014|Blog|0 Comments

What is a “No Points” Loan, and Do You Offer These?

A “No Points” loan is defined in different ways. The best description is a loan that has no lender fees (or points). (A “point” is equal to 1% of the loan amount.) But, there is “no free lunch.” When you hear these offered, the lender will give you a higher interest rate so that you [...]

By |June 7th, 2014|Blog|0 Comments