Tag Archives: Banking and Finance

Buying A Flipped Home? Mortgage Stipulations To Be Aware Of

House hunting? If your appetite for a turnkey renovated home is a flipped house, you may end up jumping through more hoops to close escrow. What Is A Flipped Home? A flipped property is a situation where the house is acquired usually by a real estate investment company (also could be an individual) and is re-offered […]

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FHA Loan Limit Reduction’s Impact On Home Buyers

The FHA announced they are reducing loan limits for 2014 in high-cost areas in an effort to scale back their role in the housing market. Looking back to 2008, financial markets depressed in the aftermath of the meltdown, economy on the verge of recession, enter loan bailout- the Federal Housing Administration. This direct government involvement […]

Alameda market…and beyond!

Alameda has had property prices increase BIG-TIME this year.  That’s old news.  But this link may be of interest to those who are buying or are trying to buy at this time.  Here’s a line from the Wall Street Journal article, dated May 1: Even with the gains in home prices, housing is more affordable […]

You Can Still Get A Mortgage Even If You Are Not A US Citizen

If you are not a US Citizen trying, it can be a long and difficult road to obtain a mortgage. Many lenders won’t makes mortgages to people who don’t have social security numbers or permanent work stability. For the purposes of getting a mortgage, US Citizens and Permanent Resident Aliens are the same, with one […]

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Top 5 Home Buying Programs Most Consumers Opt For

With more home buyers entering the market, competition increasing, driving  prices in most pocket areas up, consumers begin to place more emphasis on sustainable payment over time considering they could be paying more for the property than anticipated. Such real estate market conditions are also causing many buyers to switch mortgage loan programs during the […]

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Conforming High Balance Mortgages Contain Higher Rates

If you are in the market for a mortgage refinance or home purchase, plan to pay more if you are borrowing more than the conforming loan limit. The national conforming loan limit for the best mortgage rates is $417,000 extending through December 31, 2013. If your loan is up to $417,000 or lower, generally you’ll […]

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Why Many Have A Tough Time Qualifying For A Mortgage

Ever been enticed by via low mortgage rate only to find out you don’t measure up to the credit standards of that particular lender? Unfortunately it happens every day. The good news  only 40% of people cannot qualify, that means there is 60% of the people who can. Nevertheless, following are common way  your loan […]