A Short Definition of Home Owners Associations - 02/21/11 06:44 PM
Over the years I have financed a lot of houses for property buyers where there has been a Homeowners Association (HOA) You can find various kinds of HOAs- Single Family Homes and Condo or Townhouse HOAs
This article pertains to single family houses.
HOAs are typically formed by the builder/developer to set forth theexpectations for the neighborhood. My last buyers bought in a neighborhood with an HOA and these had been some of the restrictions: "no sheds, no bird raising... chickens, pigeons, doves; no RVs, boats, inside the driveway overnight or parked on the street overnight. Permission was needed for exterior projects and … (0 comments)

Cash to Close Tip#4 of 10 Tips You Should Know Before Buying a Home - 02/21/11 05:38 PM
You will need funds for down payment and for closing costs.
Buyers typically tell me they have so much ($5,000 - 50,000) to put down.  My question follows... Is that what you plan to invest in your purchase, or is that only for down payment... meaning that you will have additional funds for closing costs. 
Therefore... what you really to let your lender know is how much do you have to invest. That will along with your income and debt determine how much house you can buy.
Let's seperate the two; down payment and closing costs.
1. Down payment refers to the … (0 comments)

Eight Things IRS Wants You to Know about Claiming Your 1st Buyer tax credit - 02/08/11 10:02 PM
If you purchased a home in 2010, you may be eligible to claim the First-Time Homebuyer Credit, whether you are a first-time homebuyer or a long-time resident purchasing a new home. The purchaser must have been at least 18 years old on the date of purchase; for a married couple, only one spouse must meet this age requirement. A dependent is not eligible to claim the credit.
                          Here are eight things the IRS wants you to know about claiming the credit:
1. You must have bought - or entered into a binding contract to buy - a principal residence located … (2 comments)

 
INGRID PIERSON NMLO#233666 800-530-9421 (VITEK Mortgage Group) Rainmaker_large

INGRID PIERSON NMLO#233666 800-530-9421

Roseville, CA

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VITEK Mortgage Group

Address: 3 Park Center Circle, Sacramento, CA, 95825

Office Phone: (530) 885-1545

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