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 […]
It’s official- 1st time buyers can get $18K!
$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 homebuyer tax credits. To take advantage of both tax credits, a first-time homebuyer must enter into a purchase contract for a principal residence before May 1, 2010, and […]
1st time buyers getting $18,000*
Yes, you read that correctly. First time buyers who get into contract before April 30th will be able to double dip into both the Federal Tax credit of $8000 & the newly instated CA tax credit of $10,000. The loop hole has not been shut out & may not be since the window of opportunity […]
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 […]
Is it your first time? Take ease with these steps toward homeownership.
So you’re thinking about buying a house? Now what??? There a few things to consider before taking the next step towards homeownership. Can you qualify for a loan? Most people think that if they have good credit, this part of the process is “in the bag” but don’t start your home search just yet. Did […]
