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va loan: The Global Ticking Time Bomb: Government Debt - We Must TAKE ACTION - 03/06/10 11:15 AM
From the Tea Parties in Boston back before our country began, to the tea parties now, we Americans have shown we are a hearty, patriotic bunch who will rise up when our leaders take us down a path that jeopardizes our lives and those of our children and grandchildren. I believe we have reached that time once again in our history, not just on healthcare, but also on our whole economy. This post gives us the story along with - I hope - sufficiently scary graphics that should cause us to rally and RISE UP.
Via Spencer Rascoff (Zillow):
This … (2 comments)
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va loan: Ten Commandments for Real Estate Loans, and The Right Way to Manage Your Credit Cards - 02/16/10 11:03 AM
GENERALLY, you need to manage your credit when buying a home. If you want a real estate loan at the best rate for your purchase price, you need to manage your credit scenario, and that means manage your credit cards. Below, you will find more specific detail on how to manage your credit cards to increase your credit score.
Before the specifics of credit card debt, here are the Ten Commandments When Applying for a Real Estate Loan:
1. Thou shalt not change jobs, quit your job or become self-employed.
2. Thou shalt not buy a car, truck, van or … (1 comments)
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va loan: How Can a Buyer Avoid Identity Theft Related to a Full Doc Loan? - 01/26/10 12:41 PM
I recently posted a detailed explanation of what a buyer can expect when he/she is required to do a full documentation of his/her income, debts and assets. Here is a link to that blog: Lisa's activerain blog on Full Doc.
So the client hands over copies of their social security card, driver's license, taxes, bank statements including their name and full account number on there. They have to lay open their whole financial life, so now this information is "floating around out there." One of my clients recently was about to pull out of a loan because they wanted her line-item … (2 comments)
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va loan: Buyers eligible for a VA Loan Need Agents Experienced in VA Financing - Near Camp Pendleton CA, Twentynine Palms MCAGGC, MCRD San Diego Military Bases - 01/24/10 04:37 PM
VA Loan Buyers Need Real Estate Agents Experienced in VA Financing - Near Camp Pendleton CA, Twentynine Palms MCAGGC, MCRD San Diego Military Bases
If you have any questions, please call direct 951-704-4559 or visit www.SandToSeaProperties.com.
The VA loan benefit is significant for those buyers who qualify for it, veterans, etc. It is 100% financing for the VA buyer, and now in 2010 the only 100% financing opportunity besides the USDA loan for certain homes in rural areas. Things for real estate agents and buyers to know about the VA loan:
1. The VA insures the lender who makes a VA … (0 comments)
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va loan: Understanding The Yield Spread Premium - 01/24/10 12:26 PM
This mortgage broker's article is spot-on, describing what a yield spread premium is and what a buyer should think about in looking for a loan. The buyer's rate depends on his whole situation:
The buyer's credit score, or FICO: if it is above a certain number (mid 700s, exact number depends on the lender), then the interest rate costs less; if it is below a certain number (640, 620, etc., depending on the lender), then any given rate has an added cost for that buyer.
The amount of his monthly debt that that buyer carries: if it is low, his back-end … (1 comments)
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va loan: What Does It Mean to You, the Buyer, that You Have to Go "Full Doc" - 01/18/10 11:30 AM
Over the past year, lending guidelines have tightened so much that, if you're paying attention at all you know, buyers have to qualify "full doc" for loans. That means, full documentation of the buyer's income, debts, and assets. If you want more detail than this, feel free to call me at 951-704-4559 or email me, Lisa@DelzompoHomes.com.
It is to the point that I provide my clients an overview letter, explaining the buying process in detail, including the fact that you're going to be asked for information up front, during, and at the end of the loan process.
That sounds straightforward, but let's … (1 comments)
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Lisa Delzompo
Temecula,
CA
More about me…
PRW Lending & Sand to Sea Properties
Address: Temecula, CA, 92590
Cell Phone: (951) 704-4559
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