Category Archives: Mortgage and home loans

New CA Anti-Deficiency Law to Protect Homeowners Who Refinance Purchase Money Loans

Purchase money loans in CA are those used by home buyers to finance original buying of the home. Current CA anti-deficiency law protects a borrower from personal liability for the difference between the principal balance and what the lender receives at … Continue reading

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Amazingly Good Purchase Money Home Loan Rates Continue at Orange County CA Real Estate

Purchase money home loan and mortgage rates quoted this week by First Capital Mortgage, Newport Beach, CA, continue to be amazingly low.    Tim Sibley Direct 949.721.5018 Fax 949.640.7091 tsibley@firstcapitalmtg.com Sam Isaac Direct 949.574.3556 Fax 949.640.7091 sisaac@firstcapitalmtg.com Downloads Loan Application Payment … Continue reading

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Mortgage Debt Forgiveness Tax Relief by U.S. Law Set to Expire at End of This Year 2012

U.S. law – Mortgage Forgiveness Debt Relief Act of 2007 – applies to debt forgiven in calendar years 2007 through 2012 – including possible debt forgiven through SHORT SALE process. For purposes of income tax, this law allows for exclusion of income realized as … Continue reading

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