Debt Freedom including your Mortgage? Dream or Possibility?
"Close your eyes and dream........ What would it be like to be debt free? Yes, even your home is paid for in full." What if that date wasn't thirty years from now, but 12, or 10, what if it could be 8? Although you may be thinking that I am on my patio daydreaming and maybe even a little off my rocker it can be done. Your Grandparents or parents are proof that it can be done. So am I simply talking about Fiscal responsibility? Probably not? That seems to be frowned upon in the United States today. I am ...
Recurring vs. Non-Recurring Closing Costs!
I am all set and ready to buy a home what are my closing costs and how much out of pocket do I need? This question is one that I here very often. As a consumer I would want to know this as well. This would be a significant part of what helped me make my decision. Like they say an informed decision helps make the choice that much simpler. Ok so I made that saying up but it is what I believe. Recurring Closing Costs - Costs that will continue to be paid throughout the ownership of the home - ...
Eliminating Capital Gain on Real Estate Owned by Married Couples: A Simple, Yet Critical Strategy By Brian Qualls, Esq.
California Home Strategies is happy to bring you the first in our series of featured business partners. Brian Qualls, Esq. is an attorney who specializes in Estate Planning. What he has brought to California home strategies is invaluable information. Enjoy the first in the series of many great guests to come. How do you hold title to your home? Odds are, if you are married and purchased real estate with your spouse, you elected to hold the property as Joint Tenants. This has been the common practice recommended by many real estate agents, lenders, and attorneys for quite some time. The ...
The 8 stages to homeownership. An illustrative guide for buyers
Stage 1 – Pre-approval – The pre-approval process is a time that you meet with your Loan Officer and talk through the financial side of the purchase. The loan officer will take an application and gather all of your documentation required for pre-approval. This documentation includes but may not be limited to the following: Last Two Years Tax Returns, current pay-stubs covering 30 days (W-2), last two years W-2’s, two month’s bank statements all pages and all accounts, most recent statement for 401K, money market, cd’s, stock, mutual funds and the like. Other items can include mortgage statements, homeowner’s insurance ...
Buying a Home
FHA Update and More! Video Blog!
90 Day Anti-Flipping policy is waived for one year by HUD!
Have you gotten an accepted offer on a house only to find out that this is a flipped...
Business Partner Spotlight!
I wanted to let everyone know that I will be featuring local business partners that...
Read More Posts From This CategoryHome Financing
Business Partner Spotlight!
I wanted to let everyone know that I will be featuring local business partners that...
HUD Postpones Implementation of HVCC for FHA
Breaking news is that HUD has Postponed the implementation of HVCC for FHA loans...
Happy Thanksgiving! 10 Things I am thankful for.
THANKSGIVING is the holiday that we all get to take a moment to be thankful. 2009...
Read More Posts From This CategoryMortgage News
90 Day Anti-Flipping policy is waived for one year by HUD!
Have you gotten an accepted offer on a house only to find out that this is a flipped property and FHA will not insure your loan until the 91st day? If this has happened to you worry no longer. For one year HUD is waiving this requirement with a few restrictions. Here is the update from National Association of Mortgage Brokers: On January 15, 2010,... [Read more of this review]
Good Faith Exactimate, Merry Christmas and Happy New Year:)
January 1st, 2010 all loans will be subject to the new Good Faith Estimate designed to make it easier to understand. More Details soon. If you are going to get a loan after the first make sure that you understand the new Good Faith Estimate. Read More →
Reminder Fannie Mae Changes Debt To Income December 12th
IMPORTANT CHANGES DECEMBER 12th right around the corner. See Original Post regarding the details of the transaction: Fannie Mae Changes If you are a buyer it would be good to contact your mortgage professional and make sure that these changes do not effect you! If you have any questions please feel free to contact me. Read More →
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