temecula real estate: February ExtraCredit Newsletter- NEW Conf/FHA Loan Limits, PLUS- How To Fix A Broken ARM - 02/17/08 01:52 PM
Hey All! Finally something hopeful to chew on... The economic stimulus plan worked out last week in Washington will provide nearly a year of larger, lower cost loans for people buying or refinancing higher-cost homes. It also allows for larger loan amounts on Reverse Mortgages for seniors trying to (1 comments)
temecula real estate: The Finger Pointing Is Starting - 08/28/07 10:49 AM
A Loan Officer I know was recently contacted by an old client. This client had bought a home a couple of years ago. The client had a cushy job as a sales manager and made good money at the time of the purchase, but since he had just recently been promoted, (3 comments)
temecula real estate: So What Does A Million Dollar Deal Look Like Nowadays? - 08/27/07 05:59 PM
With all the wreckage littering the marketplace that used be called Alt-A and Jumbo lending, it's worth taking a moment to think about how a large deal can still be structured. Here's one possibility for 90% financing: Purchase Price: $1,000,000 Conforming First: $417,000 at a rate in the mid 6's. Interest only. Huge Second (working from (4 comments)
temecula real estate: What Casa Blanca teaches about the lending fallout - 08/23/07 12:34 PM
Hearing all the Bankers, who brought us all these, if-you-can-fog-a-mirror-you-can-have-a-house loans, and the Fed, who actively encouraged the banks 'creativity' for years blowing off about all the fraudulant loans reminds me of a classic scene from CasaBlanca (my all time fave- it should be yours too!!). I was there and saw it with my (2 comments)
temecula real estate: Two Words: Confor Ming - 08/22/07 06:12 PM
Hey There! Until it all gets sorted out, I want you to keep one number in mind. $417,000 Put it on your notepads, jot it on the back of your business card. Tattoo it on your forehead-- in reverse of course, so you see it in the mirror. Under that limit, (4 comments)
temecula real estate: Blackberry tip; Unclog your Berry! - 07/26/07 01:58 PM
When I first signed up with T-mobile a couple of years ago, they had a web mail component to the Blackberry service that was really handy for one specific feature. Logged into the webmail service, I could build filters that would screen out any of the emails that I didn't want (4 comments)
temecula real estate: July Extra Credit Temecula Real Estate/ Temecula Mortgage Newsletter - 07/17/07 11:53 AM
NOTE: There's a bonus for those that read through to the end... Hello! Crazy busy around here getting some of our out-of-state investment property stuff from the radio show ready for a trade show we have coming up at the Staples Center in August (I'll send out a supplement with details about that). Here's some videos (4 comments)
temecula real estate: HOLY COW!!! Six Days on Active Rain, SEVERAL Page 1 Search placements Part II - 06/04/07 10:17 PM
Part I: HOLY COW!!! Six Days on Active Rain, SEVERAL Page 1 Search placements Well now I guess I'm at 10 or 11 days, and I just got my first phone call that I can directly attribute to Active Rain. Somebody searched on "Temecula Wholesale Property" and guess who is at number (3 comments)
temecula real estate: Start By Starting - 05/24/07 01:16 PM
Hello! That's what I always tell my daughter when she's stuck looking at a blank piece of paper, so I guess I need to follow my own advice...Since this is my first blog post here at ActiveRain, it's only fair to give a bit of background on my self as well as let (3 comments)
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