Mortgage Loan

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Real Estate Pro — Mon, 04 Sep 2006 22:36:37 +0000

It looks like July will end up like the last few months with twice the number of new listings as pending sales and another record month in number of price changes. Following are 4 types of Sellers that may be contributing to the large number of homes being put on the market: 1) Serious Sellers - These are motivated homeowners that want to sell their home and will adjust their price based on what the market is telling them.

Tagged: loan

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Borrowers Urged To Get Independent Appraisal

Real Estate Pro — Fri, 09 Jun 2006 21:33:46 +0000

"No tenants are found, no rental payments are collected, no mortgage payments are made, the house goes into default -- turns out it's not worth anything -- and the borrower is left holding the bag and their credit is destroyed," says Rachel Dollar, a lawyer in Santa Rosa, Calif., who represents lenders in mortgage-fraud cases. But many borrowers simply don't want to be on the hook for more money than their homes are worth.

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Borrowers Urged To Get Independent Appraisal

The Closing Commando

Real Estate Pro — Fri, 09 Jun 2006 21:33:46 +0000

I got a call first thing yesterday morning that our closing for House (uh, what is it now) 15 was scheduled for this morning at 10 am! I stood over people at their desks while they called the lender and faxed her what she needed in order to close. I'm about to drive to House 14 to pay Contractor 2 and his guys for the last time. But, just after we got started on that, I got a call from the 4-house-refi lender from over a month ago.

Tagged: loan

The Closing Commando

PRIVATE MORTGAGE MONEY An alternative to seekin...

Real Estate Pro — Thu, 18 May 2006 02:58:06 +0000

Private Lenders Club members lend monies based more on the applicant's equity in their property and the total loan to value ratio that the financing will represent. Individuals with good credit and income but the property that they are looking to arrange financing on is difficult to finance. Finally, individuals that have good credit, good income and a strong positive net worth but for privacy reasons they choose private financing.

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PRIVATE MORTGAGE MONEY
An alternative to seekin...

Huff, Puff,...Wheeze

Real Estate Pro — Tue, 16 May 2006 23:55:11 +0000

Michael and I have been hard at work on House 14 since Saturday. But, we've been working hard since Sunday morning. After the fire, there was a lot of material from the interior of the house (I guess the firemen pulled it outside) along with Contractor 1's abandoned construction junk.
I'd better call our attorney soon and see what kind of progress he has made on the re-zoning application for the House 8 lot.

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Huff, Puff,...Wheeze

Once You Go Flat, You Never Go Back

Real Estate Pro — Tue, 16 May 2006 23:55:10 +0000

Whew, I'm tired.
Unfortunately, one of the studs Michael placed in the doorway of the closet to support the closet door had to be removed along with the drywall to remove the old water heater. AND, the new water heater we bought at Lowe's (the smallest diameter of any 40 gallon) is too wide to fit in the closet there in the bathroom.
Then, the guy behind the little old man hit him, pushing his car into mine.

Tagged: loan

Once You Go Flat, You Never Go Back

Finding the best Mission Viejo Condos for Sale

Real Estate Pro — Tue, 16 May 2006 04:16:10 +0000

Step 5: If you have not found a 4 or 5 star Condo within 2 months of shopping, it may be time to modify your Condo hunting criteria. ie: raise the maximum price if possible, look in other cities or areas, look at smaller Condos, etc. Step 6: Once you have found your 4 or 5 star Condo, have your Realtor do an analysis to determine if it is fairly priced (CMA), how long has it been on the market, the motivation of the Seller, etc.

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Finding the best Mission Viejo Condos for Sale

RealtyJuggler Calculator Available For Windows Mobile Devices

Real Estate Pro — Sat, 13 May 2006 16:39:09 +0000

RealOrganized, Inc. announced today the availability of RealtyJuggler Calculator for Windows Mobile / Pocket PC Devices. RealtyJuggler Calculator is software that agents can use to do real-estate calculations such as rent-vs-own comparison, computing monthly mortgage payments, or determining the maximum loan a buyer can qualify for. The company also offers "RealtyJuggler Deluxe", an organizational software for agents, which we mentioned here.

Tagged: loan

RealtyJuggler Calculator Available For Windows Mobile Devices

Time to Re-Finance Your ARM?

Real Estate Pro — Thu, 11 May 2006 17:43:19 +0000

While short term interest rates have been steadily rising recently, long term rates have not risen significantly. If you financed your home with an Adjustable Rate Mortgage (ARM) at a low rate within the last few years, you may be in for a nasty surprise when your rate adjusts. With the recent rise in short term rates, refinancing your ARM is definitely worth discussing with your mortgage banker or financial advisor at this time.

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Time to Re-Finance Your ARM?

How Much Will a Home Cost You?

Real Estate Pro — Sat, 29 Apr 2006 20:21:53 +0000

Just some rough, ballpark numbers (using a fixed, 30 year mortgage rate) -
A home loan of $100,000, with a 6.5% interest rate will cost you $632 a month in principal and interest ONLY (not counting taxes, insurance, escrow, closing costs, etc. here).
A home loan of $200,000 at 6.5% interest will cost you $1264 per month (again, principal and interest only).

Tagged: loan

How Much Will a Home Cost You?

Hedge Around Your Home

Real Estate Pro — Sat, 29 Apr 2006 02:01:55 +0000

Miami is also the strongest market since the index began in 1987 and its appreciation has been double that of Denver in the period since. Marc Chandler, an economist at Brown Brothers Harriman and a one-time trader on the floor of the CME, complains it does not provide a like for like guide to prices over time, notably because it excludes the impact of home improvement, which he says contributes to the disequilibrium housing has in the economy.

Tagged: loan

Hedge Around Your Home

Buying and Selling: How To Trust Your Realtor

Real Estate Pro — Fri, 28 Apr 2006 22:08:01 +0000

Do they have any reports on them from the Better Business Bureau? (Yeah, yeah, I know these may just be rubber stamps, but it's better than trusting Joe's Chicken Shack Realtor!) Check the news, public records, anything and everything you can find to get proof your realtor is legitimate and honest. Know your realtor like you know yourself, and don't be afraid to ask questions, find out data, and play the skeptic.

Tagged: loan

Buying and Selling: How To Trust Your Realtor

Buying a Home?

Real Estate Pro — Sat, 22 Apr 2006 22:22:02 +0000

What’s important to you in the house you want to turn into a home? You want a home that will appreciate in value, so purchase a home that is not the best home on the block, but one you can work on and improve, especially if you are young. Persuasion is a different animal altogether, and if they choose to process your thinking and feeling don’t feel too challenged, they might want the best for you in the long run.

Tagged: loan

Buying a Home?

Bridge Loan Financing

Real Estate Pro — Sat, 22 Apr 2006 22:22:01 +0000

No, we’re not selling you a bridge.
Bridge Financing By: Marc Kahn Sutterwest 575-7600 Bridge financing, as the term implies, provides a bridge from a current residence to a new one, in cases where your client needs the money from the old house to close on the new one…but has not yet sold or closed on the old house. The lender assumes you will sell the old house within 6 months from the purchase of the new one.

Tagged: loan

Bridge Loan Financing

Buyer (And Seller) Beware

Real Estate Pro — Thu, 20 Apr 2006 21:53:33 +0000

You hear stories about sellers slashing listing prices to attract buyers, but home prices nationally have risen more than 10% over the past year. That leads people to take more risks than they should. The idea here is that if people's monthly payments to own a house are much higher than what they would spend to rent the same place, tax considerations included, then they must be banking on prices going up so they can sell for a profit someday.

Tagged: loan

Buyer (And Seller) Beware