mortgage: Why Now IS A Great Time To Buy
- 04/18/08 04:08 AM
Considering all of the negative press the housing market received in late 2007, it's more important than ever for buyers to separate fact from fiction when deciding on a time to buy a home. This report is intended to help home buyers assess the facts of the real estate market objectively. About Inventory FACT: The housing market is undergoing a natural cyclical correction. It's impossible to ignore the ongoing news surrounding the downturn of the housing cycle. The recent "housing boom," which lasted from 2001 to 2005, was caused by low interest rates and a rapid increase in property valuations, resulting in … (0 comments)
mortgage: Homebuyer's List of Do and Don't
- 04/07/08 11:50 PM
For most people, buying a home is the most significant investment of their lives. And in spite of the doubt and confusion clouding both the financial markets and news headlines, 2008 presents many genuine real estate opportunities - especially for first-time buyers. On average, housing inventory is up, prices are stable and historical data demonstrates that purchasing a home has proven a sound long-term financial investment. However, first-time homebuyers are often understandably anxious when it comes time to making what could be the largest purchase in their life. Coldwell Banker Real Estate LLC has come up with a simple "do and … (0 comments)
mortgage: NEW Conventional Conforming Plus Product
- 03/18/08 05:47 AM
NEW Conventional Conforming Plus Product FYI Number: 08-0078 Issue Date: 03/17/08 Applicable to Tiers: 1, 2, 4 Providing Financing for the American Dream. Introducing a New 30-Year Fixed Conforming Plus Product Effective Wednesday, March 19, 2008, PHH will be releasing a new conventional jumbo-conforming product that will be available for new registrations, as well as floating loans registered on or after January 1, 2008. Note for pipeline loans: Effective Friday, March 21, 2008, the new product will be available for any locked or rate protected loan registered on or after January 1, 2008. The Conforming Plus product was created to accommodate … (0 comments)
mortgage: Five Topics to Discuss With Your Real Estate Agent When Buying
- 03/17/08 06:03 AM
Five Topics to Discuss With Your Real Estate Agent When Preparing To Buying a HomeWhether you're ready to settle into your first home or looking to buy your fifth; are moving cross-country or cross-town, it's smart to identify which attributes of a new home are most important to you. Be sure to sit down with your realtor and discuss your needs and wants for your new house. Here are five great topics to think about when buying a home:1) What You Can't Live WithoutOur lifestyle choices are often reflected in the homes we buy. Are you a motorcycle fanatic? If so, … (0 comments)
mortgage: Should We Ignore The Headlines?
- 03/16/08 04:58 AM
From Time Magazine; February 2008 I recently came across this article that summarizes perfectly the current state of the real estate market here in South Orange County. And surprisingly...it has nothing to do with finding steals at 20-30% below market value, bottoming out prices or agents trying to trick their clients into buying when it's not right for them. Famed Money Manager is perhaps best known for his timeless wisdom that you can beat the pros by focusing on stocks of companies where you either work or shop or have some other edge. But a more relevant Lynchism today is this gem: Ignore … (0 comments)
mortgage: The Hope Now Alliance Not Living Up To Expectations
- 03/14/08 09:00 AM
Hope Now hotline leaves callers frustrated; ‘more work to be done' From an article today at MSNBC.com, it seems The Hope Now Alliance, a private partnership organized by the federal government, seems to be falling short of expectations. Though the Alliance is pursuing its mission on several fronts, including a mass mailing offering help to homeowners at risk of default, the centerpiece of the effort is a toll-free hotline, 1-888-995-HOPE.The Hope Now hotline has left many callers frustrated and without hope, judging from e-mail correspondence. Callers report difficulty getting through to hotline counselors, cursory reviews of their cases, lack of follow-up, confusion … (0 comments)
Considering all of the negative press the housing market received in late 2007, it's more important than ever for buyers to separate fact from fiction when deciding on a time to buy a home. This report is intended to help home buyers assess the facts of the real estate market objectively. About Inventory
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