Home Buyers, Stay Away from Web Sites Which Charge You for Foreclosure Lists - 08/27/07 02:05 AM
With all of the media hype surrounding the number of homes going into Foreclosure, many home buyers search the Internet for web sites which would provide them lists of foreclosed properties.
Unfortunately the majority of these buyers are unaware that this information is FREE!
Many of the web sites buyers find will tease you with a "Free Trial Period."   The catch here is that you will be asked to provide them with a credit card.  Then at the end of the trial period, if you have not cancelled your temporary subscription, you will begin to be charged their monthly service fee up until … (2 comments)

Has this lender not learned anything? - 08/25/07 02:41 AM
Am I missing something here or what?
On Thursday night I finally had the chance to open an e-mail which had been sent to me from one of our mortgage brokers who does business with our in house loan department.
Now this is what it said:
"Old Concept might bring relief to market!   How would you like to offer a 4.875% rate to your customer?  How would you like to qualify your borrower at 4.875%?
This program is available and has been for many years it's called a temporary rate buy down.  For those of you that are newer to the industry, this is achieved … (8 comments)

How do you answer the following Buyer question? - 08/21/07 02:57 AM
"Should I buy now or should I wait?"
Everyday real estate agents are asked questions regarding buying and selling homes, and often we are also asked questions about home loan programs.  But due to the market climate which we are in at this time, what is a "Proper" response to the buyer's question "Should I buy now or should I wait?"
I myself respond in this manner:  If you can see yourself living in this home for at least 5 to 7 years, it will be safe for you to buy today.
I then continue to share with the buyer more reasoning for my … (13 comments)

How do you answer the following Buyer question? - 08/21/07 02:56 AM
"Should I buy now or should I wait?"
Everyday real estate agents are asked questions regarding buying and selling homes, and often we are also asked questions about home loan programs.  But due to the market climate which we are in at this time, what is a "Proper" response to the buyer's question "Should I buy now or should I wait?"
I myself respond in this manner:  If you can see yourself living in this home for at least 5 to 7 years, it will be safe for you to buy today.
I then continue to share with the buyer more reasoning for my … (4 comments)

100% Financing is still available for the First Time Home Buyer! - 08/01/07 03:22 AM
With all of the negative media hype about a bad real estate market, one wonders if there is still life within the minds and hearts of the first time buyer. 
Well I am here to share with you that there should be and one should get excited...With caution of course!
In the State of California we have what is known as CalHFA, California Housing Finance Agency, which provides loan programs through approved lenders to First Time Home Buyers who are seeking favorable interest rates and options.  Now the definition of a first time buyer for CalHFA is: "a person(s) who has not had ownership in their primary … (4 comments)