Common Documents Required For A California Mortgage Pre-Approval

Even though many California mortgage lenders are still quoting quick 10 minute pre-qualifications over the phone or online, a true San Jose mortgage approval that holds any weight is one that has been issued by an underwriter who has had an opportunity to review all of the necessary documents. With a constant stream of new […]

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Top 4 Reasons to Buy a Home Now – Wall Street Journal Video

In this Wall Street Journal Video Brett Arends discusses the top 4 reasons to buy a Home now: Mortgages are cheap You can get a good deal on the home It’s a protection against inflation, and There are many homes to choose from Watch the video and let me know your thoughts. If you would […]

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$10,000 California First Time Home Buyer Tax Credit may be extended

As reported in my blog posted on Jan 14th the California governor is considering to extend the $10,000 First-Time Home buyer Tax Credit that expired last year. Here is the link to that blog post that gives you all the details – CA Proposes extension of $10,000 First-Time Home Buyer Tax Credit Download our FREE […]

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Stimulus Deadlines Threaten Rates and Affordability; Act NOW!

The great author and speaker Og Mandino once said, “I will act now. I will act now. I will act now.” This is great advice for prospective homebuyers over the next 45 days, as two key government programs that have kept home ownership more affordable than ever wind down to their completion. First, the Federal […]

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9 Benefits of Home-Ownership

Home ownership is the greatest American Dream, is it not? Even in this era of record foreclosures, the percentage of U.S. households that now own, rather than rent, is an all time high. It’s not a surprise given several benefits of homeownership. Rent vs. Buy No Matter what you are currently paying for rent, your […]

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Documents needed for San Jose First-Time Home Buyer Mortgage Pre-Approval

As a San Jose First-Time Home Buyer you should get a mortgage pre-approval done before you start looking for a house. Pre-approval helps you in 3 ways: It lets you know how much mortgage you can qualify for. This will help you search for homes in the same price range It gives you an estimate […]

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California proposes new $10,000 First-Time Home Buyer Tax Credit

In the final state of the state address of his gubernatorial career, Gov. Arnold Schwarzenegger proposed a second round of $10,000 first time home buyer tax credit. The previous tax credit depleted eight months before the deadline after benefiting almost 10,700 California home buyers. The Franchise Tax Board stopped taking new applications at the start […]

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Mortgage Rates go up sharply for Bay Area Homes

In last 3 weeks, 30 year fixed mortgage rates have gone up 34 basis points for San Francisco (SF) Bay Area homes. In the latest results of its Primary Mortgage Market Survey┬« Freddie Mac reported 30-year fixed-rate mortgage averaged 5.05 percent with an average 0.7 point for the week ending December 24, 2009. The 15-year […]

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FHA Energy Efficient Mortgages for California Homes

FHA’s Energy Efficient Mortgage program (EEM) helps California homebuyers or homeowners save money on utility bills. This is done by enabling them to finance the cost of adding energy efficiency features to their house as part of their FHA insured loan. EEMs recognize that reduced utility expenses can permit a homeowner to pay a higher […]

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FHA delays HVCC for Bay Area Home Loans

FHA delays HVCC for San Francisco (SF) Bay Area Home Loans until February 15, 2010. FHA announced today that the enactment of Appraiser Independence has been delayed. This was originally planned for a January 1, 2010 implementation. On the lines of HVCC, the FHA policy prohibits mortgage brokers and commission-based lender staff from the ordering […]

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