Groups are smaller communities within the larger ActiveRain. Join groups created by others. or start your own and
get others to join
This is the place to view the past and present contests put on by ActiveRain and its members. Everyone can join the
group and help encourage each other. Current contest will be highlighted posts so it's easy for you all to see. Let it
Curious as to what others in your profession think about a certain product or tool?
AR's community takes the time to leave honest and transparent reviews of their experiences
so you can be a bit wiser about your purchase.
Broken down by categories and subcategories for easy finds
Get an unfiltered look at what real users are saying
Leave a review yourself for others to benefit from
Add new products as you use them and gain points for doing so
ActiveRain University (ARU) provides free on-line training. We coach, consult and support real estate professionals about real estate trends, technology and social media.
ARU Calendar provides class types and registration links
Watch short tutorials on updating your photo, inserting a hyperlink and much more
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Whatever it is you're into and wherever you are, AR surely has a group for you to join.
Brand, off the wall, specific subject matters…whatever it is you're looking for.
Each time you write a post you can syndicate your post to 5 groups.
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Find some that are close to home and close to heart
Each month AR runs numerous contests as a way for our members to engage in activities
that will boost their business and increase their visibility in the community and beyond.
Earn points by partaking in these contest and climb the leaderboard
Do what's good for you and your business by participating
If you have an idea for a contest, just let us know
Stay motivated and on track with new contests popping up each month
Ask a Real Estate Question
Here's another avenue for you to build relationships with others. Share your expertise with someone searching for answers.
Play the teacher role and help someone out today
Your Homepage will alert you of new questions in your state
A wonderful way to open a door to a possible new client
Ask a question yourself to get help
These state pages or hyper-local pages provide content directly related to a specific geographical location.
State, County, City and Neighborhood pages make it easy for consumers to find what they're looking for.
Post your listings, school information, local events, market reports and more
Consumers peruse these pages for information
Farm your niche market and cover all the happenings in your neighborhood
I hope everyone had a spectacular holiday. WELCOME TO 2009!
I'm very excited about 2009. It's always great to come into a new year after doing your business plan or setting your personal goals. It's re-freshing and invigorating.
Market is still volatile. Automakers are getting their bail out money, Steel industry is looking for government help, Madoff scam, etc. Makes everyone edgy. People moving into Stocks which moves money out of Bonds thus rates go up than confidence wanes on Stocks so out of stocks into Bonds so the inverse happens. The media everyday still instills fear.
Don't fear and Don't let the media overwhelm you with negativity. There are loans being made everyday. Do you have to qualify yes. The opportunity to buy is stupendous. Imagine just 2 years ago most couldn't get into the housing market, values were too high but now there is tremendous opportunity. Think about this you can buy a house now for less than you can rent. In a few years you can move up, rent the place you are moving from with a postive cash flow... When was the last time we could do that in the Bay Area.
FED is buying up $4B in mortgage backed securities (MBS) between now and June. The Obama administraction is looking at an almost $1 trillion dollar package in tax relief and other money to put into the economy. Between the FED and this possible new package rates will remain low for now. Remember rates are the lowest they have been in 37 years.
With the passage of HR3221 the max loan amount was set to 115% of the home median price of a area but to a maximum of $625,500.
Just want to hit some highlights on VA and FHA loans. Next blog will be the changes that Fannie and Freddie will implement in April 1, 2009.
Both loans allow for single family homes, condos, and 2/4 unit properties. However it must be a primary residence.
- 100% financing up to $417K. Over $417 up to $1.5M small down payment needed compared to conventional lending. Easy calculation to find out what the down payment would be.
- Rates very reasonable - 5% 30 year fixed
- VA can purchase a home even if aboard. His/her family must live in property. Just think you can buy a home for your family to live in.
- Guidelines are more liberal.
- An unre-married spouse of a vet deceased during action are eligible for the VA entitlement
- Seller can pay most of the the closing costs
- Funding Fee in most cases can be financed into the loan - disabiled discharge maybe waived
- no cash reserves needed
- 115% of median purchase price for area to max of $625,500
- 3.5% down payment which can come from gift, secured loan, and other ways. Ask me about my 22 to ways to get down payment for FHA loans
- no cash reserves needed
- not perfect credit ok
- Seller can pay for most of the closing costs
Becareful of the anti-flipping rules on FHA..... A lot of asset management companies are not FDIC and own foreclosed properties. Thus if they have not been on title for 91 days FHA will not allow the escrow to close. Just beware.
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.