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Jonas Kruckeberg

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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How Much Can I Afford?

by Jonas Kruckeberg March 31, 2010

How much mortgage money can I qualify to borrow?
This is typically the number one question mortgage professionals are asked by new clients.
Of critical importance when considering mortgage financing: There is sometimes a difference between what a client ***can*** borrow and what they ***should*** borrow.
In other words, what makes for a comfortable [...]

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8 Questions Your Lender Should Answer About Mortgage Rates

by Jonas Kruckeberg March 31, 2010

Simply checking online for today’s posted rate may not lead to your expected outcome due to the many factors that can cause each individual rate and closing cost scenario to fluctuate.
We can preach communication, service and education all day long, but it’s our ultimate goal to earn your trust so that you can be confident [...]

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California Releases Guidelines for 2010 New Home and First Time Home Buyer Tax Credit

by Jonas Kruckeberg March 30, 2010

The California Franchise Tax Board released the guidelines for the 2010 tax credit that everyone is raving about.
This is an update to last week’s post on the California tax credit extension. I will concentrate on answering several questions that have been raised and provide a few popular scenarios that many can relate to.
Now [...]

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What Do Appraisers Look For When Determining A Property's Value?

by Jonas Kruckeberg March 29, 2010

Most people are surprised to learn what appraisers actually look at when determining the value of a real estate property.
A common misconception homeowners generally have is that the value of their home is determined after the appraiser has completed their physical property inspection.
However, the appraiser actually already has a good idea of the property’s value [...]

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