scv loan solutions: First time Home Buyers: Use your $8000 Tax Credit Now - 05/30/09 06:36 PM
Over the last several weeks HUD, along with FHA, have been back and forth as to the legality of whether or not they would allow the use of the $8000 First time home buyers Tax Credit to be used as part of the down payment and closing costs of a qualified … (1 comments)
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scv loan solutions: A Wicked Wednesday for Mortgage Rates - 05/28/09 12:25 AM
Today is Wednesday May 27, 2009 and it marks the single biggest drop in the price of mortgage backed securities in over 10 years. Today we lost 206 basis points in the price of mortgage backed securities, however the bleeding actually began last Thursday when the markets began to slide, and since then … (2 comments)
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scv loan solutions: The Lie Detector - 03/29/09 04:32 AM
Lies Lies Lies... We see them everywhere.. Everything from asking Johnny if he had a cookie before dinner; only to see him wipe crumbs from his face and say "no mom", to the Bernie Madoff's of the world that schemed millions with a carefully crafted series of deceit and forgery.
We … (2 comments)
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scv loan solutions: Real Estate Investing: Its about the People - 12/07/08 03:41 AM
Real estate isn't so much about property as it is about people.
As an investor you need to know and understand the sellers circumstances. You need to be respectful of the fine line where one mans financial misfortunes become another mans exploitation for his own fortune.
I oftern hear Realtors talk about … (1 comments)
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scv loan solutions: Self Directed IRA's --An alternative to traditional retirement planning - 11/03/08 12:18 AM
Most people's retirement plans today are typically invested in some form of securities or commodities plan that is managed by a third party plan administrator. The administrator decides how the retirement fund is invested, controls the make up and structure of the fund, and is responsible for the day to day decisions on how that retirement fund is managed. In other words, if … (2 comments)
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scv loan solutions: US Treasury takes over Fannie and Freddie: What does this mean? - 09/10/08 02:48 AM
This weekend we witnessed the biggest Govt expansion into the private sector ever. I'm a free enterprise guy and personally, I don't like Govt involvement in the private sector. Fannie and Freddie where designed as a publicly chartered agencies designed to operate in the private sector, and when things are going well … (3 comments)
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scv loan solutions: Now is the time to Lock Your Home Equity line. - 05/01/08 02:32 AM
Many homeowners are unaware that some home equity lines have a feature that allows you to convert an equity line into a fixed rate equity loan. The process does not require a refinance and is usually accomplished by placing a phone call to the lender and paying a small processing fee. If your … (1 comments)
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scv loan solutions: Your Equity Line May Be Frozen (and you may not know it.) - 04/14/08 12:17 AM
Banks are sending notices to homeowners advising them that their home equity lines have been frozen or reduced to a lesser amount.
If you have an unused equity line, it may be at risk.
Recently, I have received several phone calls from clients who have already received such notices. As a mortgage … (0 comments)
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scv loan solutions: Email vs Snail Mail.. Stop the Junk mail and be Professional - 09/27/07 09:26 AM
I often stop and think. Wow -- how did my parents ever get anything done in the business world 20, 30, 50 years ago?
There was no email, no computers, no internet and the scariest of all no Google. Yikes! (The thought of working without these tools sends chills down my … (14 comments)
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scv loan solutions: College of the Canyons -- Opens new campus - 08/30/07 02:52 AM
Today I had the honor of attending the ribbon cutting - opening ceremonies of Santa Clarita Valley's newest college campus.
The College of the Canyons -- Canyon Country campus.
The project first started in 1991 when the Chancellors office commisioned a long range study to determine the educational needs of the community and recommended … (3 comments)
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scv loan solutions: 100% Financing in 2007 and beyond - 08/27/07 02:45 AM
One of the most commonly asked questions that I get from realtors and clients now days, is who can qualify for 100% fianancing and how to qualify for it.
If there's any loan out there more likely to burst the infamous housing bubble it would have to be the misuse of 100%-interest-only-adjustable-rate financing. So let me address … (14 comments)
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scv loan solutions: Flow Chart: Real Estate Purchase Transaction - 08/27/07 02:29 AM
For those of you that prefer visual concepts, I have prepared a simple flow chart that illustrates the key steps involved in the purchase of real estate.
This illustration is designed to provide buyers with a road map to ownership from begining to end, it is not a detailed list of everything … (7 comments)
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scv loan solutions: Under the Mortgage Microscope: Understanding Points vs. No Points - 04/15/07 04:38 AM
Under the Mortgage Microscope: Understanding Points vs. No Points
One of the most common questions that I get as a mortgage broker is, "Can you do a zero point loan?" Of course I can, any broker can do a loan with no points.
The real question is understanding the trade-off between a zero points … (4 comments)
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