Mortgage Debt Relief Act Extended

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If you are considering a short sale, then you are probably very happy to hear that the Mortgage Forgiveness Debt Relief Act of 2007 has been extended another year. This extension comes as part of the vote that passed so that we all do not go over the “fiscal cliff.” This vote will get potential short sale sellers off the fence and excited about the prospect of listing and selling their homes in 2013! As I’ve mentioned before the Mortgage Debt Relief Act of 2007 allows certain taxpayers to exclude income connected with the discharge of debt on a primary [...] Click To Read More

FHA Mortgage Insurance Premiums Going Up Again?

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A fund used to support the Federal Housing Administration’s single-family mortgage and reverse mortgage insurance programs ended fiscal year 2012 with a $16.3 billion deficit, according to an annual report submitted to Congress. The shortfall raises the specter that the agency will require a taxpayer bailout next year for the first time in its 78-year history. In order to avoid a bailout, FHA will raise annual insurance premiums, sign off on more short sales, streamline sales of foreclosed properties, offer “deeper levels” of payment relief through its loss mitigation program, expand sales of delinquent loans, and, for new loans, reverse [...] Click To Read More

1st Time Buyer~How To Buy The Most Home For Your Money

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You’re neither rich nor poor, and you’re ready to buy your first home. You look around. All those homes on the market! All seemingly priced out of reach! Cheer up. You’re not alone. With some solid real estate counseling and some help from your lender and/or sellers and others, you can not only get your toe in the door, but you can own the house too. It just takes some creativity, a few inside tips and a bit of homework; for starters… Examine your goals How ironclad are your dreams? Can your ideal of a formal dining room or a [...] Click To Read More

Interest Rates at an All Time Historic Low…

Interest rates are at a historic low and many buyers tend to primarily focus on obtaining the best interest rates. Although this is an extremely important part of obtaining financing, there are a host of other factors to consider. Make sure you read… “What To Be Aware Of When Shopping For A Mortgage” where we discuss more about financing, interest rates and fees. Click To Read More

Get a Pre-approval

Before you even start shopping for a home, you’ll want to be sure you have financing in place to make your next purchase. Getting a “pre-approval” from a reputable lender is one of the first steps in your home shopping process. Watch this video for more details:     Make sure you read the post “What To Be Aware Of When Shopping For A Mortgage” Contact us with any questions… Click To Read More

What To Be Aware Of When Shopping For A Mortgage

I have recently talked with quite a few buyers that are unsure as to where to start with their home purchase. They are of the belief that you first find a home you like and then get your loan. In today’s market if you wait until you find the perfect home to get your financing in-line then you will more than likely miss out on that property. One of the first steps is shopping for a mortgage (home loan). Shopping for a mortgage is one of the most important steps involved in purchasing your next home. Since the terms and [...] Click To Read More

How the Job Market Impacts Your Home Buying Decision

Firstly, let’s get a little scholarly and break down the job numbers that came out last week: These figures drew a ton of attention in the media because, on the surface, they were rather bullish! The good news, according to the report, was that the U.S. created 114,000 new jobs in September. Furthermore, the data for August was revised to show that, rather than the employment base expanding by 94,000 jobs, the actual figure was 142,000 jobs. What was even more astounding, however, was that the unemployment rate was slashed from 8.1% to 7.8%! So what the heck is going [...] Click To Read More

Fannie Mae, Freddie Mac Guarantee Fees Going Up

If your looking to purchase a home and plan on using FHA financing starting in November people will be paying more for their FHA loans. According to a recent article I read on Businessweek.com, if you’ve been thinking about buying a house and using a FHA loan you may want to read this article and don’t wait until November or later. Here’s the article for you… Fannie Mae and Freddie Mac, the U.S.-owned mortgage-finance companies, will raise by an average of 10 basis points the fees they charge lenders to guarantee loans, the Federal Housing Finance Agency said in a [...] Click To Read More

Traditional Sale in Antioch

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Terrific Antioch home in great location, near shopping, restaurants and bypass. This well maintained home has recently been painted inside and out with nice wood & carpeted floors and would be a great home. Not included in sq footage is approx. 300 sq ft bonus room added by builder. Overview Maps Photos Features Market Stats $250,000 Single Family Home Main Features 3 Bedrooms 2 Bathrooms 1 Partial Bathroom Interior: 1,771 sqft Lot: 6,000 sqft Location 5049 Woodmont Way Antioch, CA 94531 USA To get updates on open home dates and other property events, please click the “Like” button below: Robin [...] Click To Read More