loan: The Energy Efficient Mortgage for FHA is Hot.. no, Cold.. it can be both with a new HVAC unit! - 06/26/09 07:11 PM
"What the heck is she talking about", you say? FHA has a killer loan "add-on" where you can save money by borrowing money to upgrade your heat and air unit, windows, insulation and other energy efficient products. It's pretty cool... (or hot, if you get a new heater!)
"So stop with the mumbo … (6 comments)
loan: What happens if... My home doesn't appraise? Or worse, the review appraiser whacks the price? - 05/22/09 11:58 AM
Bummer. But this is happening more and more. With the price decline over the past few years, it's like trying to hit a moving target. But what do you do when a buyer and seller agree on a price, yet it won't appraise?
First, you may want to cry. Sometimes that helps. … (11 comments)
loan: Is This the Time to Buy a Home? What if Prices Come Down More? - 04/23/09 12:07 PM
Buyers are panicking at the moment. They are running out of homes to buy!
In Sacramento there is only 2.3 months of inventory under $300K (if buyers maintain their present rate of snapping up homes, we'll run out in 2.3 months).
In Fair Oaks it's not much better... 2.4 months to … (13 comments)
loan: Interest rates and your home... THESE are the "good old days". - 03/23/09 10:07 AM
You've probably heard that interest rates are pretty good now... around 5% for a "30 year fixed". But check out what that means to you as a buyer. It's pretty shocking!
A $200K loan at 5% costs you $1,073 per month P&I (principle and interest)
If you want to keep that payment, here's … (10 comments)
loan: The Loan Lock Shuffle... Now What Will You Do? - 03/19/09 10:29 AM
I just read that the Fed's actions today may cause mortgage interest rates to drop up to 1/4 or 1/2 point. Interesting dilemna for those in escrow who have already locked their loan. Do you stand by what you said, or weazle out because rates have changed?
When you lock your loan, you … (7 comments)
loan: Does the Lender Make a Difference? - 03/13/09 05:59 PM
When a new buyer chooses a lender, what is their choice based on? Interest rate?, the trust of a referral?, who has the prettiest sign? Often it's who seems to have the cheapest interest rate. What a mistake! Consider Captain Sulley. He looked like everyone else who flew. He always landed … (8 comments)
From the world of Fair Oaks Realtor, Sally Dunbar, who's been hoofin' it through the homes of Fair Oaks and the surrounding areas, matching up eager buyers with ready-to-move sellers, since 1979.
While my home base is in Fair Oaks, I venture in Sacramento, Carmichael, Citrus Heights, Orangevale, Rancho Cordova, Gold River, Folsom, El Dorado Hills, Roseville, Rocklin and Granite Bay...(and Chevron loves me!)
How have I survived for so long?... By always doing what's right for my people.... Always!
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
"What the heck is she talking about", you say? FHA has a killer loan "add-on" where you can save money by borrowing money to upgrade your heat and air unit, windows, insulation and other energy efficient products. It's pretty cool... (or hot, if you get a new heater!)
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