Loan approval
Free Foreclosure Workshop
Wednesday, January 13th, 2010There are two upcoming workshops for people who are worried about foreclosure or are going through the foreclosure process. The event is presented by OC HOPE (Orange County Home Ownership Preservation Collaborative) and sponsored by the Orange County Association of REALTORS. The workshops are free and will be in both English and Spanish. You will […]
Get a C.L.U.E. Report
Tuesday, August 18th, 2009When you make an offer on a house, make it contingent on the seller providing a C.L.U.E. report. Comprehensive Loss Underwriting Exchange, hence the name C.L.U.E. report, is an information exchange insurance companies use to obtain prior claim history of personal property as well as automobiles.
Why is the claim history on the house important to […]
Mortgage Protection Plan for First-Time Buyers
Tuesday, April 28th, 2009With home prices down and interest rates really low, most first-time buyers know this is a great time to buy. But with the constant news of job losses, many are hesitant to make the move. To help relieve the pressure, the California Association of REALTORS has started a new mortgage protection plan to benefit first-time buyers.
C.A.R. president, […]
Beware of Foreclosure Scams!
Tuesday, April 7th, 2009It is already bad enough to have suffer through the heartache and stress of the foreclosure process and the possibility of losing your home. But to be the victim of a scam that takes advantage of you makes it even worse.
The increase in the number of foreclosures has also increased the number of predators preying on vulnerable […]
Credit Unions and Home Loans
Monday, May 12th, 2008Another avenue for home loans is credit unions. Although the credit union market share of the mortgage industry is still very small, it is growing. Credit union rates and fees are often more competitive than banks and mortgage brokers, so it is definitely worth considering.
Credit union membership is becoming available to more and more people. You may be able to join a […]
Wait Until After Escrow Closes Before You Buy Furniture and Appliances
Wednesday, May 7th, 2008You are so excited! You have been approved for your loan. You found your dream home. The seller accepted your offer and escrow has been opened. You can’t wait to move into your new home. And of course, you must have new family room furniture. Or, the house is in a great neighborhood but is […]
Avoid Shop and Drop! Talk To A Lender First!
Thursday, May 1st, 2008Looking at homes before you talk with a lender is like going to the mall with a gift card that you don’t know how much it is worth and which stores will take it. Is it worth $1000 or $100? Is it good at Nordstroms or at Sears? Or at both? Would you wander around the mall trying […]