Why hiring a mortgage broker vs. working with a direct lender makes sense in today's market! - 05/20/10 04:37 PM
 

 
Why hiring a mortgage broker vs. working with a direct lender makes sense in today's market!

As provided by the fine folks at Guarantee Mortgage (my comments are in red):

1.  Mortgage Brokers are trained to find niches .. Saving you TIME and MONEY!
2.  Brokers are driven to find you the best rate, your bank's goal is to provide another service to your client.. I.e. checking, savings, credit cards.  This translates to better customer service for you from start to finish.  Mortgage broker's (& Realtors for that matter) rely on referrals which happens only if … (0 comments)

CAR-Sponsored Bill to Protect Borrowers from Lenders—Call Your State Senator Today - 05/19/10 11:37 AM

CAR-Sponsored Bill to Protect Borrowers from Lenders—Call Your State Senator Today
As shared by SFAR:
The California Association of REALTORS® (CAR) is sponsoring SB 1178 (Corbett) to extend anti-deficiency protection to homeowners who had refinanced from “purchase money” loans and are now facing foreclosure.
CAR is sponsoring SB 1178 because most home owners don’t know that when they refinanced from their original loan they lost their legal protections and now may be personally liable for the difference between the value of the foreclosed property and the amount owed to the lender. SB 1178 will be voted on soon by … (0 comments)

Median Sales Price Continues Its Upward Trend In San Francisco’s Housing Market - 05/19/10 11:07 AM
Median Sales Price Continues Its Upward Trend In San Francisco’s Housing Market
 

san francisco victorian row
Here's the scoop as provided by SFAR:
SAN FRANCISCO, CA, May 17, 2010 - Healthy sales activity, driven by low mortgage rates, tax incentives, and attractive pricing continued to reduce the market’s for-sale housing inventory in San Francisco in April, according to the most recent Market Focus report issued jointly by Rosen Consulting Group and the San Francisco Association of REALTORS®.
The report indicates that the median sales price for both single-family homes and condominiums trended upward in April, driven by … (0 comments)

San Bruno, CA: condo market trends report week of 5/18/10 - 05/18/10 11:43 AM
When I'm working with buyers or sellers, I run market trend reports for both the city/community and the specific neighborhood (if there is enough data) in addition to checking comps.  It's important to keep in mind that there are many micro-markets in San Francisco and on the San Mateo Peninsula.
In response to a buyer inquiry as to market trends in the San Bruno condo market, prices are still down so there is good affordability, the number of expireds are down (indicates more realistic pricing), the number of properties under contract is up (indicates buyer demand), & inventory is down.  Short … (2 comments)

Dear Big Lender, I am deleting all related posts from my blog & will be giving any clients considering you for a loan/services a reality check - 05/13/10 10:49 AM
I've been pulled out from my temporary blogging hiatus by a post which has been brought on by the incredibly poor communication and service that buyers who are in contract on a property are encountering with their loan rep (someone who they selected on their own).
Their rep is now playing games in releasing their FHA case # to their new mortgage broker (excuse me, but haven't you screwed things up enough for these buyers let alone charging them an astronomical appraisal fee?). On top of never giving them an estimate of lender costs even after repeated requests by myself, the … (3 comments)

 
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Cheryl Bower, Realtor, CRS, GRI, ABR, ePro

San Francisco, CA

More about me…

Zephyr Real Estate, San Francisco, CA

Address: 215 West Portal Avenue, San Francisco, CA , 94127

Cell Phone: (415) 999-3450

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