GreenHouse Notes
Everything else from the archive — announcements, community work, and general field notes.
Your Adjustable Rate Mortgage May Be Your Best Friend
We’ve heard so much over the last several years about the evils of adjustable rate mortgages. If you are among the 6.5 million homeowners who took out a low-rate adjustable-rate mortgage during…
Jumbo Rates
Jumbo mortgages are used to purchase high-priced homes that require larger than normal loans. The market for jumbo mortgages—which are too expensive for Fannie Mae or Freddie Mac to purchase—was…
Loan limit extensions means more great news
The extension of higher loan limits is here to stay. Well, at least for another year that is. The House and Senate voted on Friday to a one year extension on mortgages backed by FHA, Fannie Mae…
Cap Rates-Investment Property
Examples of Las Vegas real estate investment opportunities with CAP rates. (These numbers can vary and are estimates only!!) All single family homes are based on the following criteria: • 1400…
Fed Rates Stay Low – So What?
On Wednesday the FOMC (aka The Fed) announced that they will continue to keep the Federal Funds Rate at a low 0%-0.25%. While the consumer doesn’t get to take advantage of rates that low, we do…
Friday Funnies: Uncle Sam Wants You to Spend More of His Money!
Uncle Sam just decided that he wants You to Spend More of His Money (which is ironic considering it is really our money)! But we are liking this one because for what seems like a first time in a…
FHA Funds Plentiful, For Now
The FHA Says its financial cushion has dipped to a dangerously low level but should remain above zero under most “economic scenarios.” The agency a major source of funds for first-time homebuyers…
Money Monday: Write It/$ave It
Are you spending more money than you need to? It’s a nagging worry, especially these days. Fortunately, you don’t need an advanced degree in finance and accounting to analyze your spending. Try…
Foreclosure Friday: Mission Hills, San Diego *Hot Bank Owned Home of the Week*
Money Monday: How To Pay Off Your Mortgage In 8.5 Years
Is it really possible that you can pay off 30 year mortgage in less than 10 years… …without refinancing… …without necessarily increasing your total monthly expenditures… …and without debt…
Two For Tuesday: First Time Buyers & Amazingly Low Interest Rates
Nearly half of home sales right now are being made by first time purchasers. To no surprise this is all propelled by the first time home buyer tax credit. According to the National Association of…
Two For Tuesday: Loan Mods An Option for Option ARM borrowers
The Obama administration has recently put pressure on mortgage lenders to convert temporary loan modifications for high-risk borrowers to permanent ones by the end of the year. HUD (Department of…
FHA Loans To Become More Expensive?
Are FHA Loans about to become more expensive? That’s the debate currently underway. But why would FHA want to increase the costs to borrowers? Essentially, here’s the thinking. FHA is really an…
ForeclosureFriday | San Diego, CA Hot Bank Owned Home of the Week
Money Monday: Your Move Fence Sitters
I remember talking to my Dad about the first home he and my Mom bought and financed back in the 1980s. There was only one loan available, a thirty year fixed, and the interest rates were double…
HomeBuyer Credits for 2010
I found a great article in US Today about the extension of the current Home Buyer Credits. Here are the highlights of that article. For the original article click here. The new legislation…
Midweek Insight: Is selling your home now a smart move?
“Should I sell now or wait for prices to go even higher?” This is the question that most sellers ask and to tell the truth, nobody really knows the answer. The best I can give you is an educated…
ForeclosureFriday | Hot Bank Owned Home of the Week
Welcome Registered User’s To The GreenRoom | Intro
Because you told us that the most integral component of our website needs to be timely & valuable information about what is going on “out there”, while bringing consciousness to that information…
FHA Changes- Will Be Harder To Qualify for Some
The high amount of foreclosures and defaults by homeowners has had a widespread affect. FHA, which insures high leverage loans, is no exception. In fact, because of the allowances they give…
FREE Home Buyer Class
Friday (Not So)Funnies: “Move (anywhere) But West Young Man”
The guys over at Mint.com do the best job at coming up with these fancy maps and graphs..this one being no different. T curiosity here, for me anyway, is in the disparate economies of California…
The Secret Loan Killer – 2106 Expenses
Recent shifts in Investor desires have moved underwriting guidelines to become increasingly conservative. What that means to the average buyer is that you must be aware of all of the aspects of…
Hot Bank Owned Home Of The Week | “Mission Hills” San Diego, CA – February 4th 2010
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