Sunday, August 1, 2010
Featured Articles

California FHA Streamline Refinance Without Appraisal Guideline Update 2010

California FHA Streamline Refinance guidelines received a boost recently, a boost in the right direction… [more]

California FHA Streamline Refinance Without Appraisal Guideline Update 2010 California FHA Streamline Refinance Without Appraisal Guideline Update 2010

Allocation Update for California First Time Home Buyer Credit

Allocation for the First Time Home Buyer Tax Credit is being eaten up.

Allocation Update for California First Time Home Buyer Credit Allocation Update for California First Time Home Buyer Credit

Down Payment and Source of Funds for California FHA Home Buyers

Today, most California First-Time Home Buyers choose FHA Mortgages due to the low down payment (3.5%)… [more]

Down Payment and Source of Funds for California FHA Home Buyers Down Payment and Source of Funds for California FHA Home Buyers

Horse Property For Sale in Temecula

Horse Lovers Private Paradise! Amazing single story wine country home w/ top of the line horse facilities,… [more]

Horse Property For Sale in Temecula Horse Property For Sale in Temecula

How To Reserve Your California Tax Credit on a New Home

Reserving your tax credit on a new home in California has some specific criteria that you must follow… [more]

How To Reserve Your California Tax Credit on a New Home How To Reserve Your California Tax Credit on a New Home
  

Horse Property For Sale in Temecula

by Jonas Kruckeberg on June 17, 2010

Horse Lovers Private Paradise! Amazing single story wine country home w/ top of the line horse facilities, barn & all the upgrades expected in a high end custom home! Set on over 5 acres of usable horse property w/ panoramic views w/ a long paved driveway leading you to this private [...]

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California FHA Streamline Refinance Without Appraisal Guideline Update 2010

by Jonas Kruckeberg on June 17, 2010

California FHA Streamline Refinance guidelines received a boost recently, a boost in the right direction for most borrowers. Turns out for the past 7 months, since November 17, 2009 the majority of FHA lenders have misinterpreted their investors’ needs for proper documentation.
Since November, Streamline FHA refinances have had traditional guidelines – prove income, provide [...]

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Allocation Update for California First Time Home Buyer Credit

by Jonas Kruckeberg June 10, 2010

Allocations for the California First Time Home Buyer State Tax Credit are only estimates, based on small samples. The numbers are overstated as there will be duplicate, revised, and invalid applications included as the Franchise Tax Board have not verified any of the applications.
Applications for First-Time Buyer Credit received as of 06/08/10

Applications and Allocations

As Of
Estimated [...]

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How To Reserve Your California Tax Credit on a New Home

by Jonas Kruckeberg May 3, 2010

Reserving your tax credit on a new home in California has some specific criteria that you must follow in order to be eligible.
The FTB or Franchise Tax Board, will accept reservation requests for the New Home Credit by fax only beginning May 1, 2010.
Reservation Requests
If a buyer wishes to request a reservation, before the [...]

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California New Home and First Time Home Buyer Credit Begins

by Jonas Kruckeberg May 3, 2010

As of May 1, 2010 the California New Home and First Time Home Buyer Credit began.  The First Time Home Buyer credit will go at a seriously brisk pace, so you better get your forms in on time as escrow closes.  For New Home buyers, it will be a bit slower, but you can also [...]

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Video – Home for Sale in Temecula

by Jonas Kruckeberg April 20, 2010

To my faithful followers, I have created 2 videos on a home for sale in Temecula, CA. I’d like your opinion on which one you prefer. Watch each video, a total of 4 minutes and then please post your preference in the Comment Section below.
You can certainly post your reasoning and you don’t [...]

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Seven Things Your Agent Should Know About Your Mortgage Approval

by Jonas Kruckeberg April 1, 2010

While many experienced real estate agents have a general understanding of the mortgage approval process, there are a few important details that frequently get overlooked which may cause a purchase to be delayed or denied.
New regulation, updated disclosures, appraisal guidelines, mortgage rate pricing premiums, credit score, secondary approval layering, rescission deadlines, property type, HOA insurance [...]

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Ten Credit Do's and Don'ts To Bear In Mind Prior To Getting Your Mortgage Loan

by Jonas Kruckeberg April 1, 2010

How can a fully approved loan get denied for funding after the borrower has signed loan docs?
Simple, the underwriter pulls an updated credit report to verify that there hasn’t been any new activity since original approval was issued, and the new findings kill the loan.
This generally won’t happen in a 30 day time-frame, but borrowers [...]

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Do I Need To Sell My Home Before I Can Qualify For A New Mortgage On Another Property?

by Jonas Kruckeberg April 1, 2010

Although every situation is unique, it is not uncommon for homebuyers to qualify for a mortgage on a new home while still living in their primary residence.
Perhaps you are outgrowing your current house, or have been forced to relocate due to a job transfer?  Regardless of the motivation for keeping one property while purchasing another, [...]

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Four Possible Reasons To Refinance

by Jonas Kruckeberg March 31, 2010

A mortgage is generally the largest debt most homeowners have to manage.  It’s a good idea to give your personal real estate finance portfolio a check-up at least once a year.
Since there are many reasons a homeowner may choose to refinance, we’ll take a look at the four most common.
1.  Mortgage Rates Drop:
Typically, the most common reason [...]

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