Money & Mortgages
What?! You Haven’t Spoken with a Lender Yet?!
April 21st, 2008 Categories: Buying Real Estate, Money & Mortgages
Unless your idea of fun is to waste hours- days- weeks- months of aimlessly looking at home after home without any idea as to the price you can REALLY afford, I really must insist… talk to a lender!
Let’s be honest here… why have you put it off?
Is it all the stories of sleazy lenders out there that preyed on innocent people, getting them involved in loans they had no business being in? Are you worried that they’re going to try to hook you into working with them, with no room for escape? Are you afraid of what they might tell you that’s lurking around on your credit report, ready to burst your dream of home-ownership?
All of these are valid concerns- but just plain wrong! Let me tell you the truth about what will happen when you talk with a lender:
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Congress Sends President Stimulus Package-What This Means to Home Buyers
February 12th, 2008 Categories: Money & Mortgages, Real Estate, Real Estate News
Thanks in part to lobbying by C.A.R. and N.A.R. members, the Senate passed their version of an economic stimulus package Thursday, February 07, 2008. The Senate version expands rebate checks for seniors and disabled veterans and includes the same increases to the conforming loan limits for both GSE and FHA found in the House stimulus package. The House just passed the Senate version of the bill and it will now be sent to the White House. The President is expected to sign the legislation by the end of next week, ahead of the Congressional self-appointed deadline of February 15th. The increase in the conforming loan limits will last through 2008, but C.A.R. and N.A.R. continue to lobby for FHA and GSE reform, making these increases permanent.Keep reading for what this all means to you: Read the rest of this entry »
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5 Steps to Buying a Foreclosure Property in Los Angeles
February 3rd, 2008 Categories: Buying Real Estate, Money & Mortgages, Selling Real Estate
It usually goes something like this:
r.e. agent: So what are you looking for specifically?
buyer: Well, I’m open to area, but I want a good deal. Hey, I hear that foreclosure properties are great deals and there are tons coming on the market. Do you have any foreclosure properties?
r.e. agent: Yes, I have access to foreclosure properties. How much do you want to spend? How much were you thinking of putting down?
buyer: I was thinking of going for a 0% down loan, you know, get a great deal! (i.e. steal a property)
BBBBZZZZZTTT! Stop right there.
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