First time home buyers-first time home buyer loans-first time home buyer credit scores - 10/31/10 01:12 PM
 
First time home buyer credit scores  
First time home buyers are staring at a huge opportunity in today’s real estate market. Home affordability is at an all time high,mortgage interest rates at an all time low and they have a number of choices when it comes to first time home buyer incentives. First Time Home buyer interest rates as low as 3.75% First Time Home buyer down payment assistance First Time Home buyer tax credit in Riverside County First time home buyers are also facing more challenges than ever before in getting the their first time home buyer loan. … (2 comments)

First time home buyers-first time home buyer loans-you have to understand HAMP and HAFA - 10/30/10 01:38 PM
 
First time home buyers need to know!  
First time home buyers have to be wondering what effect the “foreclosure freeze” and the ensuing “foreclosure mess” will have on their efforts to morph from first time home buyer to first time home owner. What the foreclosure freeze means to first time home buyers IMHO, it means that the banks to avoid the intense scrutiny that is on their foreclosure processes, will have start putting good faith efforts into their HAMP loan modification and HAFA short sale programs. The government has been taking a lot flak for the “failure” of the … (1 comments)

First time home buyers-Temecula New Homes for Sale-Arroyo at Paseo del Sol - 10/29/10 11:20 AM
Arroyo at Paseo del Sol First time home buyers in Temecula, Murrieta and other parts of southwest Riverside  and North County San Diego were able to get their first view of the new homes of Arroyo at Paseo del Sol.
Last Saturday, October 23 Lennar Homes had the grand opening for Arroyo at Paseo del Sol. Over my career as a first time home buyer specialist I've had the opportunity to attend a lot of grand openings for new home communities and the grand opening for Arroyo at Paseo del Sol was comparable to those when the Temecula real estate market … (0 comments)

First time home buyers-first time home buyer loans - what's with the foreclosure freeze? - 10/27/10 04:29 PM
 
First time home buyers and the foreclosure freeze  
First time home buyers in the process of buying their first home or those just “shopping” for their first home, have to be wondering what this foreclosure freeze means to them. In just the two weeks since my previous post, the landscape for first time home buyers has changed yet again. To be an informed consumer it’s important that you know what is going on now and what is likely to happen in the future, and how it will affect the search for your first home. Read the previous post- First … (0 comments)

First time home buyers-first time home buyer loans-it's time to step up - 10/22/10 01:45 PM
 
First Time Home Buyers  
As I’ve said on a number of occasions first time home buyers are facing a real estate market unlike any other we’ve ever experienced. Sure we had foreclosures in the 90s, but nothing on this scale and as a result it has made the search and purchase of your first home “not just a job, but an adventure”. That doesn’t mean you shouldn’t be out there looking for your first home, because you won’t get this perfect storm of low housing prices AND record low interest rates again. If you’ve decided it’s the right time … (2 comments)

First Time Home Buyers-first time home buyer loans-Do you need a Realtor? - 10/21/10 11:00 AM
 
First Time Home Buyers need a Realtor  
First time home buyers in search of their first home are experiencing a real estate market unlike any we’ve had in the past. Unfortunately, many of them don’t realize they challenges they faces and are doing it without adequate representation. I’m a lender not a Realtor, so I don’t have a horse running in this race and this post is not a “pick ME, pick ME” advertisement. In the good ol’ days of Real Estate, it was like a “cottage industry”. You might have selected your Realtor because they were your neighbor … (2 comments)

First time home buyers-Temecula New Homes for Sale-Manzanita @ Paseo del Sol - 10/18/10 07:27 PM
 
Grand Opening Manzanita @ Paseo del Sol  
First time home buyers had the opportunity to attend the grand opening on Saturday, October 16, of the KB Home community, Manzanita @ Paseo del Sol in Temecula, California.
The excitement that a new home community generates is still amazing to me. The grand opening of Manzanita @ Paseo del Sol was no exception. This is the first new home community, in Temecula, to open in a long time that was priced for first time home buyers.
Watching first time home buyers cruise through the model homes, imagining how their furniture would … (0 comments)

First time home buyers-first time home buyer loans-what is the real cost of waiting to buy your first home? - 10/16/10 05:43 PM
 
Should first time home buyers wait?  
First time home buyers have to filter through so much “noise” when trying to decide if they should buy their first home now or wait because home values might go down even more. For the record, I'm a lender not a Realtor, so I’m not going to tell you  waiting to buy your first home will cost you more because home values “are sure to go up”. They may or they may not, but that will be due to economic conditions in your local market.
If you want a simple indicator of which … (11 comments)

First time home buyers-Temecula New Homes for Sale-Manzanita @ Paseo del Sol - 10/14/10 10:22 PM
 
Grand Opening Manzanita @ Paseo del Sol  
First time home buyers in Temecula will be able to see the finished product at Manzanita @ Paseo del Sol in just a couple of days
KB Home announced the grand opening for Saturday, October 16.
It was amazing how quickly they went from dirt to finished homes.
First Time Home Buyers – should you buy a new home
Before you get caught up in all the excitement that goes on at the grand opening of a new home subdivision, especially one of the first in Temecula in a long time. It's … (0 comments)

First Time home buyers-first time home buyer loans-what does the foreclosure freeze mean to you? - 10/14/10 11:41 AM
 
Foreclosure freeze  
First time home buyers whether they are just "shopping" or actively looking for their first time home have to be a little "freaked out" by this whole foreclosure freeze.
If you're a first time home buyer and feeling confused about this "foreclosure freeze" mess, that's a good thing. It means you're taking the home buying process seriously and recognize it for what it is, the biggest investment in your life so far and the first brick in your lifelong financial plan.
Unfortunately if you're relying on the national media to clear things up for you, their sensationalizing … (2 comments)

First time home buyers-first time home buyer loans-down payment assistance - 10/12/10 01:16 AM
The opportunity to lift us out of the housing crisis lies with first time home buyers. Governments at all levels know that for true economic recovery to occur, housing has to make a comeback and first time home buyers will lead the way. As a result when you survey the lending landscape you see a wide array of first time home buyer loan programs designed to put first time home buyers on the path to homeownership. The following list is by no means inclusive, but covers many of the available programs for first time home buyers. Some of these programs are … (4 comments)

First Time Home Buyers-First time home buyer loans-BofA halts all foreclosure sales - 10/10/10 12:25 PM
First Time Home Buyer Loans First time home buyers in Temecula, Murrieta and other parts of Southwest Riverside and North County San Diego are wondering what does the latest announcement from Bank of America mean to them and their first time home buying efforts?
While BofA is the first to announce this action in all 50 states, Chase and GMAC/Ally had already made a similar announcement in 23 states, you can expect all the major lenders to follow suit very shortly.
Why? The Attorneys General of most states were lining up to file lawsuits against the banks due to discrepancies in … (2 comments)

Speechless Sunday - doo, doo, doo lookin' out my back door! - 10/10/10 11:16 AM
 

 

 

… (9 comments)

First time home buyers-Temecula New Homes for Sale-Reserve@Paseo del Sol - 10/09/10 02:41 PM
Reserve @ Paseo del Sol Reserve @ Paseo del Sol hasn't shown much progress in the last couple of weeks. I expected to see some dirt being moved or other activities that indicated that Reserve @ Paseo del Sol was starting construction.
Other than electrical wires being strung to the construction trailer, the only sign of life were these signs lined up like little soldiers with warnings about dumping your basura (trash) and dust abatement etc.
These homes will be the largest of the three new communities opening in this section of Paseo del Sol, ranging from almost 2900 square feet … (0 comments)

Temecula homes for sale-Temecula new homes for sale-Arroyo@Paseo del Sol - 10/08/10 05:34 PM
Temecula Homes for Sale Arroyo @ Paseo del Sol The new home community of Arroyo @ Paseo del Sol is getting closer to it's grand opening. Like their neighbor, KB Home who is building Manzanita @ Paseo del Sol, Lennar homes is pushing for an October opening.
The two model homes are close to completion and as soon as they get in the curbs, streets and landscaping they will start decorating. If Manzanita is a barometer of their progress, you can look for an opening the end of October.
Pricing is still not available but they should be within the range … (0 comments)

First time home buyers-first time home buyer loans-down payment assistance - 10/07/10 11:49 AM
First time home buyers in Temecula, Murrieta and first time home buyers in many other locations within Riverside County have received another boost in the search for their first home.
 
Down Payment Assistance for first time home buyers  
The County of Riverside has announced the availability of funds for the Neighborhood Stabilization Housing Program (NSHP). In addition to NSHP, Riverside County also has down payment assistance for first time home buyers in the First Time Buyer (FTB) and Redevelopment Housing Program (RHP). Each program has its own qualifying criteria with different income limits and qualifying locations.
For more information … (0 comments)

First time home buyers-first time home buyer loans-first time home buyer credit scores - 10/05/10 03:01 PM
Home loans for first time home buyers got a little more expensive yesterday as the anticipated changes to the FHA MIP premiums  became effective.
First time home buyers with less than 5% of their own funds for down payment, are reliant on FHA financing for their first time home loan.  As a result these changes will have some impact on the monthly payments for an FHA loan.  On a $200,000 loan these changes have a net effect of $44/month. Not a huge change, your landlord will probably increase your rent more than that this year anyway.
If you're not familiar with … (1 comments)