multiple offers: The window is OPEN - rates are the lowest they have been ALL YEAR! - 05/19/14 04:43 AM
Interest rates. They are used for credit cards, checking accounts, loans of every imaginable kind, and of course - for mortgages.
When interest rates rise, they make buying a home more expensive. When interest rates drop, the cost of buying a home also drops.
What has happened in the past week is something that is very client friendly - interest rates have dropped.
Interest rates can drop on any given day, and so this creates a buying opportunity, but the window is often a short one.
What can it mean for you?
Well, the impact on a payment due to a … (0 comments)

multiple offers: How to be ready to buy whether a first timer or a real estate veteran! - 08/14/13 08:25 AM
There are many actions to take when considering buying real estate. In this blog, we will address the beginning process of the mortgage pre - approval, and how to use it effectively with your realtor.
 
I am considering buying, given how hot the market is, where do I begin?
This is the fundamental question, and it breaks down into smaller questions of "How much can I afford?", "Where should I buy?", Is Real Estate a good investment versus the stock market, etc.
When you are clear that you want to add to your real estate portfolio, or you are buying … (3 comments)

multiple offers: The pre approval process - is my buyer really ready to buy? - 08/08/13 12:43 AM
With the Real Estate market being so robust in many areas, homebuyers are naturally anxious to get into the market. This is particularly true for first time homebuyers, who do not understand all of the process. Lending standards have tightened considerably in the past 5 years, and realtors will feel more pressure to ensure that their buyers are truly ready.
What are the steps to ensure the buyer is ready?
This is a more complex answer than may be expected - the realtor has to know just what the client can afford, and whether they are pre approved and ready to sign … (5 comments)

 
Eric Nelson, III, Eric O. Nelson, III (Silicon Valley Capital Funding)

Eric Nelson, III

Eric O. Nelson, III

Campbell, CA

More about me…

Silicon Valley Capital Funding

Address: 1475 S Bascom Ave Suite 112, Campbell, ca, 95008

Office: (408) 268-2442

Mobile: (408) 892-2198



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