california home loans: Important Notes on Short Sales - 05/14/08 12:25 PM
"Short Sales" are a hot topic right now, as homeowners, homebuyers, real estate professionals and lenders simply can't avoid them in today's real estate market. Existing homeowners are calling their lender to see if a short sale is the right "exit-strategy" for them, with little money left to … (3 comments)
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california home loans: President Bush to Sign "Economic Stimulus Package" Today! - 02/13/08 10:38 AM
Conforming Loan Amounts Will Increase...
This is great news for California Homeowners!!!
President Bush will sign the "Economic Stimulus Package" Bill today, after Congress and the Senate have agreed to temporarily increase the Conforming Loan Limit in 2008 as a part of its "Economic Stimulus Package", up to $729,750 in "High Cost Housing Areas!"
As you … (3 comments)
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california home loans: Conforming Loan Limit to $725,000 For California? - 01/25/08 05:38 PM
I can't stress the importance of increasing the Conforming Loan Limits in high cost areas, such as California.
Below is a letter to California Association of REALTORS® members, on behalf of it's President, William E. Brown.
Please get the word out there on the importance of this matter, as it will help the California housing market recover … (3 comments)
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california home loans: FHA reform bill gets one step closer..... Passing the Senate today - 12/14/07 - 12/14/07 09:14 PM
Today the Senate passed the FHA Modernization bill aka the FHA reform bill. This bill is the American Homeownership Act of 2006 (H.R. 5121) which has been through several approval stages since its inception. This bill now heads back to the House for “reconciliation” before heading to the White House where … (13 comments)
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california home loans: Calabasas Daily Rate Advisory - Home Loans - 10/05/07 05:42 PM
Friday's bond market has opened down sharply following the release of this morning's Employment report. The stock markets are reacting favorably to the news with the Dow up 84 points and the Nasdaq up 35 points. The bond market is currently down 26/32, which will likely push this morning's mortgage rates … (0 comments)
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california home loans: Great News on Wallstreet with Non-Conforming Loans! - 09/08/07 09:17 AM
We got some great news yesterday afternoon. Wallstreet is now purchasing Non-Conforming Loans again! That must put smile on the faces of lenders,mortgage brokers, loan officers, real estate agents and homeowners across the country! Expect for pricing to get much better on short-term 2,3,5,7 and 10 year adjustables, fully amortized and interest … (5 comments)
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california home loans: Mortgage Blogs -- FHA, Conventional, VA, or Subprime -- Knowledge can be powerful..... - 09/02/07 06:24 AM
Albert Einstein was a smart cookie who was ahead of his time. In popular culture the name "Einstein" has become synonymous with genius. Mortgages aren't physics, but it can certainly seem like it if you don't have a loan officer that is not only good at explaining things to you, but … (37 comments)
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california home loans: FHA Shopping, rate shopping, fee shopping.... call it what you want, just be careful!!! - 09/01/07 09:36 PM
There are a few analogies that we all could use when comparing shopping for a mortgage, shopping for rates, and mortgage fees. We could use shopping for shoes, shopping for cars, or even shopping for Christmas trees. I thought I would use shoes as an analogy so Ines Hegedus-Garcia, Kristal … (10 comments)
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california home loans: Behind All The Negatives Are Some Great Positives In Real Estate RIGHT NOW! - 08/29/07 10:30 AM
I'm a firm believer that behind every action, there is a reaction. Many, including myself, have addressed the negative things taking place in the current Mortgage and Real Estate Industries. Certainly, it is splashed all over the media and hard to miss. In this article, I would like to take a … (35 comments)
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california home loans: The "Countrywide Controversy" - 08/29/07 08:10 AM
What a perfect time for an update..Right after I posted this blog, this message came in from Countrywide's President this morning. Read it here!
The Countrywide® Controversy
First and foremost, Countrywide is one of my favorite lenders in the mortgage industry to use. Countrywide has been innovative in their products, offering many families across … (11 comments)
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california home loans: Simi Valley Home Loans - 08/20/07 12:52 PM
Monday's bond market has opened in positive territory after the stock markets have failed to build on Friday's rally. The major Dow and Nasdaq initially opened with modest gains, but have since fallen into negative territory with losses of 22 points and 5 points respectively. The bond market is currently up … (0 comments)
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california home loans: Simi Valley Home Loans - 08/20/07 12:51 PM
Monday's bond market has opened in positive territory after the stock markets have failed to build on Friday's rally. The major Dow and Nasdaq initially opened with modest gains, but have since fallen into negative territory with losses of 22 points and 5 points respectively. The bond market is currently up … (0 comments)
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california home loans: Mortgage Loans & Topics -- Knowing what is out there - 08/15/07 09:35 AM
Mortgages can be confusing at times. Sometimes making feel like you are jumping out of a plane without a chute. It doesn't help when some loan officers don't take the time to walk you through the process. One piece of advice, no matter if you are purchasing or refinancing, but … (13 comments)
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california home loans: Simi Valley Home Loans - 08/08/07 06:41 PM
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california home loans: Qualification For Mortgage Loans - 08/07/07 07:57 PM
To qualify for any mortgage loan, the loan must be under written (UW) by lenders prior to approval and funding. UW covers a comprehensive and detailed review and evaluation of the borrowers financial status thus to determine the affordability that borrowers can meet their loan obligations and other debts. At the … (2 comments)
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california home loans: Daily Rate Advisory - 08/06/07 05:27 PM
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california home loans: Mortgage Gems -- Blogs to better understand mortgages - 08/01/07 10:36 AM
And who said you can't put the fun back into mortgages. Hit the fun button to the right and you might find out. ...... okay, so the button doesn't work. But isn't something that is confusing at first, can be fun, once you understand most of it? Well, that's what I … (16 comments)
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california home loans: Mortgage related topics -- How to have fun with mortgages...... - 07/18/07 06:05 PM
Some of us have our own ideas of fun. For some, a roller coaster could be lots of fun. For others, it could have been a scary experience or possibly one that we never tried. Why not? Afraid? Not a risk taker?
Mortgages.... it already sounds boring, doesn't it. … (16 comments)
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california home loans: FHA Energy Efficient Mortgages -- How can I get one...... - 07/17/07 11:12 AM
Saving money is a great thing in any economy, right? Don't you like to know about the little secrets of cutting corners? How would you like to save over $500 a month just because you improved your home with energy-efficient ideas.
Are you part of the GREEN family now, because not only … (18 comments)
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california home loans: Real Estate Versus Other Investments - 07/15/07 11:58 AM
Statistics, News Flashes and blah blah blah......................
The Real Estate market is up!
The Real Estate Market is down!
We're in for a bubble crash!
All phrases we have heard as of the past year about the real estate industry and what is going on. And to be honest, typically by analysts that are not … (2 comments)
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california home loans: Do I Need to Talk to YOUR BROKER? - 07/06/07 12:18 PM
Lender and Real Estate Agent Rules to be followed in a purchase/sales transaction:
Rule Number 1: Our clients come first
Rule Number 2: Time is of the essence
Rule Number 3: Everyone should work together as a team
One thing that I think is fascinating about Real Estate is the fact that no two transactions are … (6 comments)
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california home loans: Oak Valley Mortgage Realtor Testimonial - 06/13/07 06:55 AM
Virgil Cole with Keller Williams in Chico, California gives a testimonial about his experience as a Realtor, working with Scott Gormley and Oak Valley Mortgage. I'm looking for great Realtors across the California that are looking for a straightforward, no hassle lender that keeps clear lines of communication … (4 comments)
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california home loans: California Home Loan Client Testimonials - 06/10/07 10:59 AM
Our Client Testimonial page on Oak Valley Mortgage's website is now "Live". We feel that our clients telling new potential clients in California how their experience was through the home loan and refinance process with us goes far and beyond talking about how great we are!
If you are looking to purchase … (2 comments)
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california home loans: California Home Loans and Refinance - 06/06/07 08:33 PM
Are you looking to purchase or refinance a property in California? Feel free to give us a call at Oak Valley Mortgage and we'll go through your individual loan scenario. We're straightforward lenders that have access to over 75 banks, offereing our clients the most competitive rates and offerings on … (5 comments)
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california home loans: Mortgage Brokers: Friend or Foes? - 06/05/07 12:23 AM
I was scrolling through the finance section of Yahoo and came across an article by James R. Hagerty regarding mortgage brokers and raising the question as to whether we are friend or foe of our clients. James R. (Bob) Hagerty has covered housing and economics for The Wall Street Journal … (5 comments)
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california home loans: California Real Estate Blog Update - 05/31/07 12:43 PM
It's time for a California Real Estate Blog Update!
As promised, Google has finally taken our website out of the "sandbox" and the California Real Estate Professionals that are participating on the network will start to see their names,listings and content showing up in the rankings at Google.com!
The California Real Estate blog has been getting … (5 comments)
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california home loans: Non-Permanent Resident Alien Home Loans in California - 05/25/07 11:32 AM
One of the main things that I love about California is the diverse population. We have a melting pot of many individuals that are coming from outside the United States legally and seeking to make a better life for themselves and their families in the land of "Golden Opportunity!" With that being … (5 comments)
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california home loans: I've been Meebo'd! - 05/24/07 03:25 PM
That's right. I found a great little tool that I think will help communication between potential California Home Loan clients and my Mortgage Companies...and it's called Meebo! What is Meebo? Meebo allows you to create an Instant Message widget that can be placed on any of your websites. I intend to be logged … (1 comments)
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california home loans: Take control of your clients and stop working for free...... - 05/23/07 01:30 AM
Taking control of our clients in the mortgage and real estate industry should be our #! priority in this changing market! Over the last few years we have been profiled as money-hungry, greedy, self-centered, egotistical, victim seekers by many in the media. If you don't believe me attend a California Association … (8 comments)
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california home loans: Street...Lane...Drive...Who Cares!? - 05/21/07 06:40 PM
I had a loan recently that closed, but we ran into an issue with the property address. The preliminary title report reflected that the home was sitting on XYZ Lane. But, the County Records showed that the property was sitting on XYZ Drive. With that, the title company wanted to have … (3 comments)
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california home loans: Joining In On the American Dream! - 04/28/07 11:08 AM
Joining in on the American Dream!
Well, it's official! I have officially purchased my first home and begun to take part in the American Dream of owning my own home. So, I figured, "What better topic to talk about this week than my own personal experience with purchasing a home?" Was it … (7 comments)
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california home loans: We Hate Our Mortgage Servicer and Want to Refinance NOW! - 03/29/07 01:52 PM
I don't know why, but I've had several clients over the past few months that have had bad experiences with the mortgage companies that are servicing their existing home loans. So, these borrowers contact me, wanting to refinance and get away from the headache. They then tell me to obviously not … (16 comments)
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california home loans: Movin and Shakin - 03/05/07 03:36 PM
There's been a whole lot of movin and shakin goin on in the mortgage industry since the beginning of 2006 and homeowners and those in the Real Estate business are going to be feeling the effects of it soon. To date, 31 major mortgage lenders across the United States have gone … (1 comments)
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california home loans: California Only Real Estate Blog~Want to participate? - 02/27/07 11:36 AM
DON'T MISS OUT ON THIS CALIFORNIA ONLY REAL ESTATE BLOG OPPORTUNITY!!!! CALL ME TODAY at 530-592-8362 or email me at Scott@OakValleyMortgage.com!
Hello Everyone,
As you may have noticed, I've been taking some time off of Active Rain to embark on an adventure. Over the past month, I've been putting a website together, which … (10 comments)
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california home loans: Mortgage Debt Elimination Schemes - 02/17/07 02:36 PM
By: Ed BrophySynergy MortgageFebruary 17, 2007
Be aware of e-mails or web-based advertisement that promote the elimination of mortgage loans and credit card and other debts while requesting an up-front fee to prepare documents to satisfy the debt. The documents are typically entitled Declaration of Voidance, Bond for Discharge of Debt, Bill … (1 comments)
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california home loans: Tips to Prevent You from Becoming a Victim of Mortgage Fraud - 02/17/07 02:27 PM
By: Ed BrophySynergy MortgageFebruary 17, 2007
Some general tips :
If it sounds too good to be true-it probably is! Never sign a blank document or a document containing blanks. This leaves you vulnerable to fraud. Don't sign anything you don't understand. Mortgage Fraud
Get referrals for real estate and mortgage professionals. … (1 comments)
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california home loans: Are You Feeling Lost With Your Current California Home Loan? - 12/26/06 11:56 AM
Are you feeling lost with your current California Home Loan? You don't know when your home loan is about to adjust...But, you know it's soon! You don't know when it is going to "flip to an adjustable rate." You don't know when the prepayment penalty is over from your previous refinance.
Don't … (0 comments)
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