Serving the San Gabriel Valley and the Inland Empire

The U.S. mortgage-lending landscape has changed from the height of the real estate cycle, when many lenders generously offered zero-interest terms and no-down payment loans.  Now, the situation is much different.  Most lenders have more stringent lending guidelines, and now require more documentation from ...

When shopping for a mortgage, some home buyers shy away from getting multiple loan quotes, fearing their credit will be impacted when multiple parties check their credit within a short period of time.  However, consumers have 30 consecutive days in which multiple pulls of a credit score, or “rate shopping,” ...

•  Companies promising to reduce or eliminate credit card balances and other debt for customers no longer will be allowed to charge an up-front fee.  The Federal Trade Commission (FTC) recently announced new restrictions to crack down on the debt settlement industry. Beginning Oct. 27, debt settlement companies only will be able to ...

 Loans insured by the FHA generally are less expensive to borrowers because of the lower down payment requirements. However, these loans also have fees, such as up-front mortgage insurance. To help the agency raise its cash reserves, the FHA is increasing the up-front mortgage insurance premium from its current 1.75 percent to 2.25 percent. ...