Tag: Mortgage Banker
For Sale: 51 Don Quixote, Rancho Mirage CA – Rancho Las Palmas Country Club
[yframe url='http://www.youtube.com/watch?v=zqSQeiMVlBc'] 51 Don Quixote, Rancho Mirage, CA Bed/Bath: 3 br, 3.00 ba Property Type: Condo Square Footage: 2,187 square feet Property Subtype: Condo Attached Asking: $575,000 Cross Street: Don Quixote Dr & El Toro MLS: #21420948 Map: click here to view map See Picture Gallery Below Virtual Tour: Click here to view Virtual Tour [...]
For Sale: 341 Gran Via – Monterey Country Club – Palm Desert, CA
341 Gran Via, Palm Desert, CA Bed/Bath: 3 br, 2.00 ba Property Type: Condo Square Footage: 1,670 square feet Property Subtype: Condo Attached Asking: $525,000 Cross Street: Gran Via & Monterey MLS: #21423709 Map: click here to view map See Picture Gallery Below Virtual Tour: click here to view Nothing for sale compares with [...]
For Sale: 351 Gran Via, Palm Desert – Monterey Country Club
351 Gran Via, Palm Desert, CA Bed/Bath: 2 br, 2.00 ba Property Type: Condo Square Footage: 1,800 square feet Property Subtype: Condo Attached Asking: $379,000 Cross Street: Gran Via & Monterey MLS: #21422784 Map: click here to view map See Picture Gallery Below Virtual Tour: click here to view Location, Location !!!This 300 plan,a [...]
Southern California Home Sales at Lowest Level for a January in Three Years
Southern California home sales at lowest level for a January in three years The median price in the region, $270,000, represents the first year-over-year price drop since fall 2009, driven by a shift toward sales of cheaper properties and foreclosures. Southern California’s housing market extended its slump as sales hit the lowest level for a [...]
Home Buying Surge Hits Orange County California Beach Communities
Beach cities had Orange County’s biggest sales gain in January. 342 homes sold in beach cities’ 17 ZIP codes in the most recent period, +18% from a year ago. Median selling price? $615,000 in these 17 ZIPs. Of course, the surge took some discounting. Median price change in the region was down 6.8% vs. a [...]
Orange County California Home Affordability Triples!
The percentage of households able to afford an Orange County starter home has tripled since the housing market peaked, the California Association of Realtors reported. By the Realtors’ math, 60% of Orange County households could afford to buy the typical “entry-level” house in Orange County in the fourth quarter of 2010. By comparison, just 21% [...]
Demand for Orange County Homes surge 26%
Demand, the number of new pending sales over the prior month, increased by 26% in the past two weeks, adding an additional 564 homes, and now totals 2,718 pending sales. Thus far this year, demand is a mirror image of 2009, prior to any artificial government stimulus. Last year, there were 530 additional pending sales; [...]
Real Estate Recovery in 2013?
At least the real estate industry has 2013 to look forward to. Continuing foreclosures and an “overhang” in housing inventory will likely prolong the housing slump for several more years, said economists who spoke recently during an annual meeting of the National Association of Real Estate Editors. While home sales likely reached the bottom of [...]
Mortgage Refinance Might Have Drawbacks
The Van Ripers have moved up the date of their mortgage-burning party. When the couple purchased their St. Paul, Minn., home in 2005, they locked in a 6 percent interest rate for 30 years. But with mortgage rates at jaw-dropping lows, they refinanced into a 4.125 percent, 15-year mortgage that will save them more than [...]
A New Way to Reduce Your Mortgage
Some homeowners who already have refinanced into low-interest-rate mortgages are using a little-known strategy to make their monthly payments even smaller. Called “recasting” or “re-amortizing,” the strategy allows a borrower to lower the monthly payment on an existing fixed-rate home loan for a small fee without having to apply for a new loan and without [...]
Palm Springs Foreclosures Are Renting With Positive Cash Flow
We all have a lot of options when it comes to investing. We can invest in stocks, bonds, currencies, futures and a lot of other things that all have one thing in common. They are just pieces of paper that we put our faith in. They are basically promises to pay later, made by a [...]
Short Sale: How to Write A Hardship Letter
More and more people these days are facing the harsh reality that they are upside down on what they owe on their homes. A short sale for some, is a viable option that helps them with their situation and doesn’t damage their credit quite as bad as a foreclosure. (See attached) Here are a few [...]
If mortgage rates plunged to zero
It’ll take a steep drop in rates to get more buyers off the fence Imagine financing a home purchase with a no-interest mortgage. You’d probably never want to move again. Granted, it’s doubtful you’ll ever have that luxury. But if rates continue to drop, as some in the mortgage industry suggest they may — especially [...]
Fear Can Lead to Poor Financial Choices
Life is full of emotions, but fear can hurt the most. It is strong enough to change a whole community and way of life. And when it comes to money, it’s no different. Fear controls the pocketbook, and too often it gets in the way of financial success. There are three ways fear can grip [...]
Analysis: One-Third of Americans Highly Unlikely to Qualify for a Mortgage Today
RISMEDIA, September 28, 2010–Nearly one-third of Americans are unlikely to qualify for a mortgage because their credit scores are too low, making homeownership out of reach for many. This is according to an analysis of more than 25,000 loan quotes and purchase requests on Zillow Mortgage Marketplace during the first half of September. Borrowers with [...]
Make Money From Your Home
Consider a Property Conversion Rental income is a great source of cash, and can boost your borrowing power and your income. Many property owners find that once they start making rental income, they buy additional properties to boost their income; it’s that effective. When you’re looking at a single family home, you can still find [...]
8 Tips to Getting Your Loan Modification Application Reviewed
Many homeowners seeking a loan modification to lower their monthly mortgage payments and avoid foreclosure continue to find the application process a complex web, often causing them to give up before their application is ever reviewed by their mortgage company. Certified housing counselors for CredAbility, a national nonprofit credit counseling and education agency, speak daily [...]
Fannie Mae Announces New Incentives for HomePath Properties
Fannie Mae announced a seller assistance incentive on Fannie Mae-owned properties listed on the company’s REO website, www.HomePath.com, and expands the initiative to offer an incentive to real estate agents and brokers. Qualified homebuyers who will be owner-occupants can receive up to 3.5 percent of the final sales price that can be used toward closing [...]
