The media really seems to contradict itself, doesn’t it? Reasons not to buy like the state of economy & the shadow inventory OR reasons why you should buy like the interest rates & short sales. Why is now a good time to buy? Shadow inventory & short sales. Contradictory? Yes but reasons to buy. Why? The current […]
11th hour- Deal or no deal
Did you know that as of June 1st, 2010, Lenders are now required to pull your credit again right before the close of escrow? What does that mean to you??? Well if you’ve taken out new lines of credit (say you bought appliances or furniture) that could kill your deal. Why? The reason is the […]
Homebuyer’s Guide to avoid a denial of credit
For all of you homebuyers out there, be mindful! Lenders aren’t handing out money like they used to a few years ago. You will be put through the ringer! Ask anyone who’s applied for a mortgage in the last couple years, they’ll tell you. It’s crucial to work with a competent lender who knows the […]
I need money! The 3 main home loans available now.
I need money….I need a loan. Which ones are there? What do I qualify for? For the most part, today, there are 3 types of loans. Conventional FHA VA Conventional is typically used when someone has a down payment of 10% or more. FHA is government backed financing that requires 3.5 min down payment. VA is […]
