Tips for Struggling Homeowners - 10/31/08 02:15 PM
If you are struggling to pay your mortgage you may want to call the bank who handles your mortgage to see if you can get an interest rate reduction, refinance to lower the payment, etc.  Some banks are really open to working with struggling homeowners who want to keep their home, but having trouble paying the mortgage.  The bank may ask you for your current income and debt information and look at your current situation and where you stand before they make a decision on whether or not they will change/modify your loan. So, be prepared to get your income and … (0 comments)

What the heck is happening? - 10/13/08 11:17 PM
All I can say is "Wow!".  The Fed Funds target rate is down .5 to 1.5%.  The Prime Rate is down .5 to 4.5%, and consumer interest rates today were up for the most part. Price points are key for buying a home in this market.  I am still seeing multiple offers on homes under $300,000 in East San Jose, that are decent homes in semi-decent areas.  Just in the last few days, as an example, one house in East San Jose was listed for $279,000 and sold for $376,000. No, I did not make a typo. Another home I called on … (0 comments)