Sunday, February 5, 2012
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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

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 [...]

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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 [...]

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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 [...]

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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 [...]

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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, [...]

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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 [...]

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Top Five Market Factors That Influence Mortgage Rates

by Jonas Kruckeberg March 28, 2010

Timing the market for the best possible opportunity to lock a mortgage rate on a new loan is certainly a challenge, even for the professionals.
While there are several several generic interest rate trend indicators online, the difference between what’s advertised and actually attainable can be influenced at any given moment by at least 50 different [...]

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What's The Difference Between Interest Rate and Annual Percentage Rate (APR)?

by Jonas Kruckeberg March 28, 2010

The difference between APR and actual note rate is very confusing, especially for First-Time Home Buyers who haven’t been through the entire closing process before.
When shopping for a new mortgage loan, you may notice an Annual Percentage Rate (APR) advertised next to the note rate.  The inclusion of an APR is actually mandated by federal [...]

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How Are Mortgage Rates Determined?

by Jonas Kruckeberg March 28, 2010

Many people believe that interest rates are set by lenders, but the reality is that mortgage rates are largely determined by what is known as the Secondary Market.
The secondary market is comprised of investors who buy the loans made by banks, brokers, lenders, etc. and then either hold them for their earnings, or bundle them [...]

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How Do Mortgage Rates Move When The Fed Lowers Rates?

by Jonas Kruckeberg March 28, 2010

NEED PHOTO
Lower mortgage rates is a common misconception that is perpetuated by the mainstream media perpetuates when the Fed makes an announcement of lowering rates.
However, when the Fed cuts interest rates, mortgage rates tend to increase.
Fed 101:
According to Wikipedia:
The Federal Reserve System (also known as the Federal Reserve, and informally as the Fed) is [...]

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