The Sacramento area has been hit very hard by the foreclosure crisis. The U.S. Department of Housing and Urban Development (“HUD”) has recently released funding formula allocations and program rules. Allocation of funding was based on state and local need measured by number and proportion of homes in foreclosure, subprime loans, and homes in default [...]
Archive of entries posted on November 2009
Invest Now in Real Estate
Dear Realtor,
Please encourage your buyers to invest in real estate. They will thank you forever- or as long as you’re in the business. Here’s why:
It’s no surprise that anybody with investments in the security industry has been hit hard over the last few years. It’s also no newsflash that many of them are viable alternatives [...]
You Can Still Cash In Now by 4-30-2010
If you close your home in 2010 and you are a first time homebuyer, you can get up to an $8,000 credit when you file your 2009 tax returns. This is just one of the many mortgage tips that I have for you as your loan specialist. Move up buyers can also take [...]
Interest Rates Matter!
Did you know that a .5% (that’s one half) change in interest rate equals about a 10% change in loan amount a buyer can qualify for? Let’s say you qualify for a payment $1,074. At an interest rate of 5%, you would qualify for $200,000. However, because you waited, the interest rate jumped to 5.5%. Now, all you [...]