Monday, September 6, 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

Calculating The Net Benefit Of A Refinance Transaction

by Jonas Kruckeberg March 28, 2010

Calculating the net benefit of refinancing can be a challenging task if you do not understand what to calculate. We are going to focus on the net benefits of refinancing from the standpoint of lowering your interest rate.
Although there are several reasons to refinance, lowering your mortgage rate to save on interest payments over the [...]

Read the full article →

Understanding the Difference Between an Appraisal vs Neighborhood Listing Prices

by Jonas Kruckeberg March 28, 2010

Why is there such a difference between what my appraised value is and the price similar homes are selling for on my street?
It’s a great question, and you don’t have to be a mortgage professional or a real estate agent to understand the answer.
The distinction lies in the purpose of the two valuations and who [...]

Read the full article →

Making Sure Your Cash-To-Close Comes From The Proper Source

by Jonas Kruckeberg March 28, 2010

Providing proper asset documentation and the actual source of the funds is a critical element of the loan closing process.
There’s nothing worse in a real estate purchase than making it all the way through the hoops and hurdles just to have a loan denied after the final documents have been signed due to the borrower [...]

Read the full article →

Talk the Talk – Know the Mortgage Lingo at Closing

by Jonas Kruckeberg March 28, 2010

What the heck are they talking about?
Many borrowers go through the closing process in a haze, nodding, smiling, and signing through a bunch of noise that sounds like Greek.
Even though you may have put your trust in your real estate and mortgage team, it helps to understand some of the terminology so that you can [...]

Read the full article →

Five Myths About Home Values

by Jonas Kruckeberg March 28, 2010

A few years ago, when home values were just going up, most homeowners did not question appraisals much.
It was the best of times.
Over the past two and a half years, home sellers and even listing agents quite often question and pick apart appraisals.
It was the worst of times.
A Tale of Two Housing Markets, if you [...]

Read the full article →

How Do Mortgage Companies Value A Property That Has Not Been Built Yet?

by Jonas Kruckeberg March 28, 2010

It’s obviously easier to picture the process of estimating value on an existing property in a neighborhood that has a history of home sales, but the task of determining the value on new construction projects does pose some challenges.
Appraisals on homes that haven’t been built yet generally require the contractor and home buyer to supply [...]

Read the full article →

HOA Hurdles to be Aware of When Looking at New Properties

by Jonas Kruckeberg March 28, 2010

A Home Owner Association (HOA) can have a huge impact on your life when you buy a home in a PUD (Planned Unit Development) or Condominium Project.
According to Wikipedia:
A homeowners’ association (abbrev. HOA) is an organization created by a real estate developer for the purpose of developing, managing and selling a development [...]

Read the full article →

Assembling Your Home Buying Team – Knowing The Players

by Jonas Kruckeberg March 28, 2010

Buying a new home is literally a team sport since there are so many tasks, important timelines, documents and responsibilities that all need special care and attention.
Besides working with a professional team that you trust, it’s important that the individual players have the ability to effectively communicate and execute on important decisions together as well.
Real [...]

Read the full article →

What You Need To Know About The Home Inspection Process

by Jonas Kruckeberg March 28, 2010

Congratulations on finding a house!
You now have ten (10) days from when you signed the purchase and sales agreement to have a home inspection.
Chances are your real estate agent made the offer contingent upon a satisfactorily home inspection and obtaining mortgage financing.
What Is A Home Inspection?
According to Wikipedia, a home inspection “is a limited, [...]

Read the full article →

Important Factors To Consider When Getting Financing On A Foreclosure, Short Sale or New Construction

by Jonas Kruckeberg March 28, 2010

Short sales, foreclosures and new construction homes all have caveats that need to be considered when pursuing financing.
If the guidelines and potential pitfalls are not properly understood, you could face delays in closing or potentially even a denied loan.
Short Sales & Foreclosures -
Short sales and foreclosures are everywhere. They often represent great value when looking [...]

Read the full article →

← Previous Entries

Next Entries →