As we open in September it is looking to be a great month for extremely low rates.  We have hit a new low.  Yes rates have been low but now they are even lower.  We are quoting in the LOW 4′s for 30 year fixed loans and the high 3′s for 15 year fixed loans.  [...]

FHA is the single hottest loan in Northern California.  With a limited amount required down (3.5%) and more relaxed income and asset requirements FHA is the way most new Homebuyers are going.     As of October 4th the cost of having an FHA loan will INCREASE MONTHLY for the first 5 years.  Let’s look at [...]

If you are looking to purchase a home you will at some point fall in love with a shortsale.  Shortsales are a bit like a “bad boy/girl.” You know you should not be with them but sometimes you just can’t resist.  Generally priced below the market they can be extremely tantalizing.  If you do find [...]

Shortsale Definition: A sale of a property for less than the current amount owed on it. Nuts and Bolts: A home buyer cannot make their payment and owes more than the house is worth. They list the house with a Realtor for sale.  A buyer makes an offer and the seller accepts.  The Realtor now [...]

  If you are purchasing or refinancing a home with a loan (not FHA) DO NOT BUY ANYTHING WITH YOUR CREDIT CARDS. As of June 1st Fannie Mae is requiring lenders to check the borrowers credit right before funding.  If anything changes on your credit your loan that you already have signed loan documents on could [...]

In this market it is key to work with a lender that is well informed and has your best interest at heart.  Unfortunately, not every buyer is so fortunate.  Today I was surprised when a person I was pre qualifying told me they were leaving their job in 3 weeks and they had no other employment [...]