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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…

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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

ForeclosureFriday | Hot Bank Owned Home of the Week

Housing Prices Bottom | Is it true?

Are we at the bottom yet? Actually that’s a good question, and the best economic minds are arguing about it as I type. It’s a good questions because it indirectly affects everything from the…

ForeclosureFriday | Hot Bank Owned Home of the Week

ForeclosureFriday | Hot Bank Owned Home of the Week

1st Time Home Buyer Tax Credit Countdown

The existing 1st Time Home Buyer Credit is set to expire June 30th 2010. There is speculation that it may be extended but it isn’t official yet. In the meantime, here’s a review of the current…

$$ GOIN BACK TO CALI! $18,000 IN COMBINED HOMEBUYER TAX CREDITS FOR A LIMITED TIME!

$10,000 + $8,000 $18,000 IN COMBINED HOMEBUYER TAX CREDITS FOR A LIMITED TIME! Californians have a brief window of opportunity to receive up to $18,000 in combined federal and state…

FHA Up Front MIP Goes Up April 5th 2010

As promised, on April 5th, 2010 the FHA Up Front Mortgage Insurance Premium (UFMIP) will go up from 1.75% to become 2.25%. This increase is said to be designed to rebalance the risk management…

NO MORE STATE TAX ON FORGIVEN DEBT

NO MORE STATE TAX ON FORGIVEN DEBT Distressed homeowners no longer have to pay California state income tax on debt forgiven in a short sale, foreclosure, or loan modification. Enacted into law…

Rent vs Own – The Classic Question

Ever heard an agent use the rent vs own equation to justify buying a home? Of course you have. It’s the classic justification used by RE Agents pre-dating written language. More recently the…

The Mortgage Planner’s Corner | How To Control Your Wedding Expen$e$

Getting married is a big event. Gathering friends and loved ones together to take part gives the day greater meaning, and following up with a party to celebrate is perfectly natural. The party…

Don’t Lag on Submitting Your CA Home Buyer Tax Credit Paperwork!

California First Time Home Buyers, don’t lag on submitting your CA Home Buyer Tax Credit Paperwork! Dave Yoshida, owner of Fortunate Fields a personal accounting firm in San Diego, CA says, “Here…

Case-Shiller Index of Home Prices Reports: San Diego 15 Months in a Row, In the Black

San Diego Home Prices are up for 15 months in a row. The Case-Shiller home price index for San Diego was up a mild .4 percent overall in June. Hidden in that increase, however, was a drop in the…

Vacant Lots in Your Neighborhood: Develop vs. Open Space?

In every neighborhood there are these plots of unrefined space that seems to always spawn the statement: what in the … are they doing with that? Well, its a good question because it draws the line…

San Diego: Curious About Where Our Big Gas Lines Are After The Bay Area Blow Up?

SDG&E seems to be beefing up their otherwise routine inspections of our natual gas lines in the wake of the Bay Area Explosion. The U-T dovetailed that report with a helpful visual as to where our…

FHA MI Changes – Good or Bad?

FHA MI Changes – Good or Bad? Beginning in October FHA Mortgage Insurance Premium structure has changed. These changes are important as the can possibly change the way one would structure a…

15 vs 30 Year Fixed – Which is best?

When developing a mortgage plan, it seems that the 15 vs 30 conversation is once again of interest to many of my clients. With the recent uncertainty in the world of investment and disappearing…

Why are Rates Going Up?

So What the heck is going on? If the economy is supposedly so bad, why are Interest Rates Still going up? That’s a good question and there are a lot of people out there who get paid a lot of money…

What’s The Best Home Mortgage Financing Today?

What’s the best Home Mortgage Financing out there today? There’s no such “magic bullet” because the answer depends upon your situation. But I want to talk about a product called HomePath that we…

[San Diego, CA] Predictions for 2011 Real Estate : Buyers. Part 2 of 2