first time home buyer: CA Home Buyer's Loan Options in 2011
- 05/17/11 08:42 AM
2011 is the year of CHEAP MONEY! With interest rates so low it is a great time to buy a home, or refinance a current loan. Recently, I held a Home Buyer's Seminar where Mr. Jeff Parks, Bank of America Loan Officer, spoke about current financing options. Watch his video about Types of Loan Programs: GOVERNMENT LOANS: -FHA -203 K "rehab" loans for homes that won't qualify for financing or upgrades financed -VA -Fixed Period "Hybrid" Arm -15 and 30 Year Fixed -GIFT FUNDS can be used -LOW DOWN PAYMENT 3.5%/NO DOWN PAYMENT -NON OCCUPYING CO-BORROWERS Current Maximum Loan $729,750 CONVENTIONAL … (0 comments)
first time home buyer: Marathons and OC Real Estate: Kindred Spirits
- 01/27/10 04:19 AM
Anyone who knows me knows that I am obsessed with running and real estate. In many ways these two seemingly unrelated topics share much in common. Marathon training requires many months of building strength and endurance to run a 26.2 mile race. It is essential to be dedicated to your goal of crossing the Finish Line! Likewise, purchasing a home starts with laying the foundation. Creating a financial plan that starts with deciding on down payment amount and then securing financing with a direct lender Mapping out where you want to live and determining your wants, needs, and essentials in the home and neighborhood. Next comes the … (0 comments)
first time home buyer: Home Sellers....This Tax Credit is for YOU!
- 11/23/09 09:15 AM
Like it or not, the Federal Government has extended and expanded the Home Buying Tax Credit. Considering the frenzy of home buying we have experienced in Orange County for the past few months it is clear that demand will remain high through the traditionally slow season. Homes often receive multiple offers even in the $600K to $800K range. Expanding the Tax Credit will bring more higher income Buyers into the market, thus increasing demand for higher priced homes. Since a large portion of the inventory listed for sale are Bank Owned, or Short-Sales that may not even result in a close, Buyers have few choices. … (0 comments)
first time home buyer: Adieu, My Sweet $8,000 Tax Credit!
- 07/21/09 05:33 PM
Ah, my dear Federal Tax Credit, parting will be such painful sorrow. You have seduced my First Time Home Buyers with your irresistible offer of $8,000. They have been lined up waiting to catch a glimpse of your promising reward, but now they may not make it past the front door before you say goodbye on December 1. Before seeking you out they made sure their maximum AGI of $95,000 single and $170,000 jointly met your requirements. For their patience and bravado you offered them up to 10% of their new homes purchase price not to exceed $8,000. They swore allegiance that they would maintain primary residence and keep it for three … (2 comments)
first time home buyer: What is Real Estate Truth?
- 07/14/09 04:49 PM
On Facebook awhile back I asked for suggestions about what people want to know regarding Real Estate. The most emphatic reply was: "THE TRUTH!" Well, here it is: "I DON'T KNOW!" •· I don't know when the banks are going to release all the foreclosed homes they are holding. •· I don't know when the market is going to bottom out. •· I don't know what interest rates are going to be. •· I don't know how many offers there will be on the Bank Owned home you really want, or if they will select yours. •· I don't know if the short-sale will … (0 comments)
first time home buyer: Can You Sell Your Home on Facebook and Twitter?
- 06/29/09 03:46 AM
The explosion of Social Media has changed the face of marketing, information decimation, and socialization. The medium's incredible power begs the question: Will the buying and selling of Real Estate change? Since the internet has made home buying and selling a transparent process, information is a short click away. Likewise, advertising and marketing of real estate has changed drastically. Very few people use print media for home buying because online searching is targeted and current. We know the internet is where people are, but, what sites? Facebook, Twitter, Friendfeed, Flickr, YouTube, and similar social media sites are growing exponentially. Why? Because we are social … (0 comments)
first time home buyer: East Orange, CA: A Place to Call Home
- 06/23/09 06:21 PM
When visitors discover my lovely neighborhood in the hills of Orange I almost always hear: "Wow, I never knew!" Flanked by prestigious Lemon Heights, Cowan Hills, Tustin Ranch, and Orange Park Acres, East Orange is a surprising gem and an excellent value. It was built from 1986 and 1992 and looks much like bordering Tustin Ranch, but with a more spacious and park like atmosphere. Climbing up the hill headed East on Chapman Blvd., Orange Hill Restaurant stands guard over East Orange. Just below the crest is Orange Park Acres with its abundant flora and fauna, dirt horse trails, and winding trails connecting nearby Santiago Hills. The community is rich in education and recreation. … (2 comments)
first time home buyer: You CAN Buy Your First Home With VERY LITTLE Money Down!
- 06/02/09 02:09 AM
You CAN Buy Your First Home With VERY LITTLE Money Down. Hot Off the Presses: US Housing and Urban Development Secretary, Shaun Donavan, Announces That Home Buyers with FHA Insured Home Purchases Can Apply $8,000 Tax Credit Toward Down Payment and/or Closing Costs! All those first time home buyers who are having trouble coming up with the 3.5% required down payment + closing costs for a Federal Housing Administration insured loan have been offered a hand. They can now use their American Recovery and Reinvestment Act of 2009 tax credit of up to $8,000 for the purchase of their first home if they meet … (0 comments)
first time home buyer: How to Buy a Foreclosed Home: The Truth!
- 03/31/09 05:24 AM
Everyone wants a DEAL, but not everyone gets a DEAL when they buy a REO. THAT is the truth! One of the obstacles I have ran across is that many people think they KNOW how to take advantage of the system. In an effort to educate home buyers in the realities of the Foreclosure world I would like to dispel a few myths and offer some helpful tips. 1. You DON'T get a better deal if you make a purchase without a Realtor. Proper representation is key. You wouldn't go into a lawsuit without a lawyer representing you, so why would you … (0 comments)
first time home buyer: Distressed-Sale Primer for Buyers and Sellers
- 03/29/09 05:16 PM
Let me De-stress the process for those of you Dis-stressed by the current housing market. Distressed Property: A property that the homeowner cannot make payments on and is listed as a Short-Sale or it has become Bank Owned. Foreclosure Process: This is the process that begins once a homeowner does not make a payment. After 90 days of non-payment the lender will make a public notice of the delinquency. Within 6-12 months of non-payment the home will either be sold at auction on the courthouse steps or it will be come Real Estate Owned/Bank Owned. Short-Sale: A home listed for sale where the homeowner's … (0 comments)
first time home buyer: TAX CREDITS = MORE CASH =?
- 02/24/09 01:58 AM
Tax Credits = More Cash =? Our governments, both Federal and State, are slinging cash like Flo slings hash at breakfast. Sometimes it makes it the right table and sometimes in the rush it ends up at the table by the door. We all want to know: "What does this mean to ME? Where's my cash, Baby!" If you are thinking of buying a home (primary residence not investment), have not owned one in the last 3 years, and you make under $75,000 single, or under $150,000 married, then our federal government will be handing you $8,000 after you file your 2009 taxes. This … (0 comments)
first time home buyer: Where in the world is Santiago Hills, CA?
- 07/02/08 12:12 PM
When mentioning where you live have you ever been greeted with an enthusiastic head shake accompanied by a blank face? I have the good fortune to live in Santiago Hills. "Huh?" Most people have no idea where we are. Santiago Hills is in the hills of Orange on the border of North Tustin, Tustin Ranch, and Anaheim Hills. You may ask, "why not just say you live in Orange?" Although Orange is a fantastic city, rich in history, and ethnically diverse, Santiago Hills has a more rural identity than the City of Orange. We are surrounded by Irvine Park, Peter's Canyon, Irvine Lake, and Santiago Canyon, and the equestrian … (2 comments)
2011 is the year of CHEAP MONEY! With interest rates so low it is a great time to buy a home, or refinance a current loan. Recently, I held a Home Buyer's Seminar where Mr. Jeff Parks, Bank of America Loan Officer, spoke about current financing options. Watch his video about Types of Loan Programs: 
;)
;)
;)
