sacramento home loans: 7 Steps...Song - 10/02/10 07:22 PM
I got a kick out of this song. It does seem we are bombarded these days with tips and steps for just about everything.
I gotta say though, I'm a sucker for those articles and I find them very helpful. I love to know 7 steps for this and 5 ways to do that and 8 tips to help. Just give me some steps and a road map. I'm game.
Give me answers. Solve my problems. Help me get what I want.
So with tongue in cheek I present to you my new favorite independent artist, Callie Moore, with an … (0 comments)
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sacramento home loans: Sacramento Home Buyers - HomePath® Financing Incentives - 10/01/10 09:21 PM
When you are saving to buy a home, every cent helps. It's no secret that right now is a great time to purchase a home in Sacramento.
Did you know that Fannie Mae has a special program to help?
Fannie Mae Announces New Incentives for HomePath® Properties
REO or Real Estate Owned properties that are owned by Fannie Mae are being sold with special financing incentives.
Under the new incentive program, owner-occupants and public entities that buy a HomePath Property between now and the end of the year can receive up to 3.5 percent of the purchase price … (0 comments)
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sacramento home loans: Cash In Refinance for Sacramento Homeowners - 09/25/10 08:05 PM
What can you do if you have great credit, a good job, liquid assets, and want to take advantage of the low rates but you took a nose dive on the equity in your home?
There are a lot of folks who a few years ago may have only owed significantly less than of the value of the home and now the loan amount exceeds the value necessary to qualify for a new loan with a much lower interest rate.
With interest rates hitting record lows, these home owners want to refinance but they can't due to the declining market … (0 comments)
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sacramento home loans: 125% LTV? Say what?! - 09/24/10 08:09 PM
If you are looking to refinance for the purpose of getting a premium low interest rate, and you see an advertisment for a loan program that will go up to 125% of your home's appraised value, chances are, it is NOT going to be the low rate that you had in mind.
*Even greater chance that the loan program will no longer exist by the time you call that phone number.
Those high loan to value loans are not meant for a borrower who already has a low "fixed" interest rate and can afford their mortgage payments.
The … (4 comments)
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sacramento home loans: First time home buyers in Sacramento - Start Here - 09/21/10 01:08 AM
Are you thinking about buying your first home? House shopping can be a lot of fun, huh? Driving around in your favorite neighborhoods, going to open houses and looking online at the local inventory. That's when the dream of owning your own home is in full bloom. It is a dream. You oooh and aaaah over the spacious rooms, gorgeous landscapes, while debating if the upkeep of a pool is worth it. Hmmm.... Oh, and lets not forget kitchens. Brilliant, bold and all yours. You know what you want. It's ALIVE in your mind's eye just waiting for you to come … (2 comments)
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sacramento home loans: Why rent when you can afford to buy? - 09/11/10 05:54 PM
Photo by Claudia Castro
Last night I was going through the rentals on Craig's list to see what the market looks like for houses and apartments in the greater Sacramento area. It was amazing to see how high the rent is for a house. Even more amazing that someone would pay more on a rental than it would cost them to own the very same home themselves.
Interest rates are so low and there is a lot of good inventory on the market. Are you waiting for the housing market to bottom out? Once home prices start to rise, you'll … (1 comments)
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sacramento home loans: Loan Application - What do I need and how long will it take? - 09/05/10 06:43 PM
Buying your first home in Sacramento can be exciting and frustrating. But it doesn't have to be frustrating if we work together. Where do you begin?
When it's time to talk to a lender about getting a home loan, many first time home buyers are not sure where to begin. If you know what to expect, you can be well prepared, and save yourself from a lot of headaches along the way.
What documents are needed?
During the initial interview and loan application, I'll ask questions to see if there are any potential challenges that may need to be addressed during … (0 comments)
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sacramento home loans: FHA buyer down payment assistance making a comeback? - 08/12/10 03:52 PM
According to Frank and Brian, of Think Big Work Small, if the government pays out millions for the tax credit, and VA Loans offer 100% financing, as does USDA Rural and HUD offers homes for $100 down; then why not bring back options to help FHA buyers get down payment assistance?
Down payment assistance programs used to make it easier for first time home buyers to get into a home with an FHA purchase. My opinion is that it was not these programs that broke our system. I think it was the 80/20 stated income programs that got people in trouble. … (2 comments)
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sacramento home loans: Is now a good time to refinance? - 06/25/10 05:24 PM
Sacramento area homeowners can take advantage of the lowest interest rates if they act quickly. I say act quickly, because the market is unpredictable. According to the Associated Press, interest rates have not been this low since the 1950's. Apply Now!
We can lock in interest rates for a period of time, after we have reviewed your loan application and pre-qualified you for a loan specific loan program.
Not sure if refinancing, or purchasing a home is right for you? Would you really like to know in detail, the advantages of refinancing or buying a home? What are the benefits … (3 comments)
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sacramento home loans: Don't look back! The IRS could be on your heels. - 05/05/10 03:01 PM
While I am staying on topic of assisting qualified Sacramento area home buyers to get approved for a home loan so that they can enjoy the benefits of home ownership....
I came across this article, written by Deb Brooks, and thought it was something worth sharing. So here goes...
Via Lake Livingston Real Estate by Deb Brooks:
So you gave up to Foreclosure? The IRS may be on your heels!If you are one of the thousands of homeowners that felt relief by allowing their homes tobecome foreclosed on your relief may be short lived. Many of us became wrapped up … (0 comments)
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sacramento home loans: Two things you can do before you decide to walk away. - 02/08/10 03:09 PM
Saving Your Home From Foreclosure - Home Loan Modification or Short Sale Well, it has been a couple of months since I wrote my article, Home Loan Modification - Is it possible?
At the time I was terribly frustrated with what I was hearing from those seeking assistance and getting no where. I wonder if there have been any significant changes to the system that is supposed to help people who desperately want to remain in their homes. I say, don't give up.
Whatever your situation may be, don't just walk away. The first place I would visit is:
… (2 comments)
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sacramento home loans: Re-thinking our vision... - 01/31/10 05:44 PM
Buying a home in today's market? It takes patience and tenacity and wishing on a star.
Buying a new home is a source of anxiety, frustration -- and a huge sense of accomplishment. You may have to put in several offers and get rejected a few times but your house is out there waiting for you and you will get an accepted offer if you keep moving forward. The first step is to get pre-approved for your mortgage. I like to quote Walt Disney. He said, "We keep moving forward, opening new doors, and doing new things, because … (1 comments)
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sacramento home loans: Disclosure, disclosure, disclosure! Everything is to be disclosed. No secrets, no surprises. - 01/15/10 03:23 PM
I just finished reading an insightful article on the CNBC blog about Big Banks Accused of Short Sale Fraud. You can read about it by following the link.
The article is discussing how second lien holders have been taking cash on the side from the real estate agents or the buyers outside of the escrow so that the first lien holder would not know that they were getting paid in order to drop the lien.
That is not legal.
Disclosure, disclosure, disclosure! Everything is to be disclosed. No secrets, no surprises.
Under no circumstances is there to be any compensation … (9 comments)
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sacramento home loans: Is Your Neighborhood Making You Fat? Walkability in Sacramento Neighborhoods. - 01/13/10 02:51 PM
One of the things I missed when I moved to Sacramento from the bay area was the ability to walk to most of my shopping centers or to easily take public transportation wherever I wanted to go. Being more densely populated, the bay area was built to accommodate walking, riding a bike or taking the bus. There are more restaurants and stores mixed within the housing communities so it's more convenient to walk or take the bus than to drive a car and try to find parking. Foot traffic brings business to local merchants and walking, riding bikes or taking the … (2 comments)
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sacramento home loans: Internet Lead Conversion - Being Present in the Here and Now! - 01/07/10 05:01 AM
The Bribe Reward: 1200 points. Okay. I'm in on this one. =) For my readers, I'm being rewarded 1200 Active Rain points for writing this article. See the article under this one.
There has been a great deal of discussion and debate going on at the Active Rain Real Estate Network lately about the pros and cons of paying companies for leads. Bob Stewart believes we could all get better at turning leads, no matter where we get them, into clients. So, together, the Active Rain community is discussing what works best for us.
One company I worked with … (4 comments)
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sacramento home loans: The Wage Earner Home Buyer with the Side Business (Self Employed) - Beware - 01/03/10 05:44 PM
Welcome to 2010! New guidelines for RESPA went into effect on January 1st.
PLUS!
Extra steps added in the process of obtaining a home loan. The "stated income" loan has gone bye bye... New guidelines for documenting income for borrowers are here. Now days even if you have a wage earning job, you will still need to produce two years tax returns.
You can read a copy of the guidelines here.
Even if you have a wage earning, full time, job. If you are self employed in anyway, shape of form, you will need to provide a cash flow analysis … (0 comments)
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sacramento home loans: The Little Tree That Could - Also Sacramento County Christmas Tree Recycle Event - 12/21/09 11:59 PM
It doesn't matter how big or small your home is. There's always a way to find room for your Christmas tree. Even a small tree, or plant. Anything. It can make you feel so good.
My sister lives in a small town house and she was talking herself out of getting a tree this year.
"No room," she said, "Can't do it."
But while she was out with friends getting their tree, she found this little tree stuck off to the side, and starting thinking, "Maybe."
As she walked around this little tree was on her mind. She thought about … (2 comments)
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sacramento home loans: Home Loan Modification - Is it possible? - 12/02/09 05:58 PM
In the real estate news today, it's everywhere, articles about home loan modification.
Ah, the elusive thing that we all know is out there but has anybody really seen it? I'm sure there are those who have successfully arranged and received a home loan modification but I don't know of many and nobody personally who has. All I hear about is the frustration and defeat of those who have tried to no avail and given up, walked away.
Tell me I'm wrong. Tell me that Mighty Mouse has come to save the day! LOL! I cannot, in good conscience write another … (0 comments)
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sacramento home loans: Stuffed to the gills - 11/28/09 04:12 AM
Thanksgiving "Day" is over but I am still feeling the effects of all that food. Wonderful, delicious, dishes that I don't care if I see again for another year! I'm turkey-ed out. Stuffed. Maybe tamales for Christmas, eh? Anything but a big bird and all that dressing, gravy, mashed potatoes, etc. It is late and I should be in bed but I am too full from left overs to lay down just yet. Feels like I have lead in my gut.
This holiday has been extra special for me because it seems that more people in my life reconnected this … (5 comments)
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