Realtors are prohibited by federal law from steering buyers to locations or homes, and included in what we can not say is what the demographic of a community is all about. Sure we can give nuances and use buzz words that are benign but give an idea to some, but we really can never tell…Read More »
Things Not to Do When Buying a Home Here are Ten Things a future Home Buyers Should Never Do Before Closing on a Home. If you do any one of them, it could cause a huge delay in your closing. Lenders are very tough on borrowers today and they check and double check your credit…Read More »
It’s sure been a while since I’ve seen anything like this one, so if you want to buy a new home and are in need of some financial assistance to do so, you just might want to check this out. If you qualify, there’s a $15,000 cash assistance program for you. There is a catch, though. Isn’t there always one? You must be buying a new condo at Belamor Millbrae Paradise and it must be done before November 30,2011.
Thanks to the California Housing Financing Agency (Cal HFA), first-time home shoppers can finance the purchase of their home with just about the same amount of money needed for a security deposit and first month’s rent required to move into a rental home.
Cal HFA currently provides 1.0% down payment, below market interest rate financing along with a little closing cost assistance to help home buyers finance the purchase of their first home. This program combines the Cal HFA FHA 30 year fixed rate mortgage currently (as of December 17, 2010) at 4.0% (APR 4.81%) with the California Homebuyer Down Payment Assistance Program (CHDAP) simple interest, silent mortgage at 3.25% (APR 3.25%).
Home Ownership Workshops (HOW) are a series of free web classes designed for First Time Home buyers to educate them on different aspects of the home buying process. The webinar will cover the following topics:
There are exactly 65 days left to qualify for the $8000 First Time Buyer’s Credit. You must be in contract by April 30,2010 and close escrow by June 30th. You can buy a home up to $800,000 and have an income as high as $225,000 for a couple or $125,000 for a single person. We have homes to show you, so why aren’t you looking? Seriously. This price range is hot, hot, hot and we are seeing multiple offers, once again, which means you must be out looking every weekend.
Conforming Rates – 30 Yr Fixed
Ladies and Gentlemen, it’s been a good ride. Low interest rates have been here for a long time. Beginning with Greenspan’s Fed, and continuing through to today. But folks, they won’t stay for much longer. My crystal balls,
I just ran a report to see how the market has been in San Mateo for single family and condo/townhouses this past year. San Mateo has about 90,000 people living in it making it the second largest city in the county. Prices run from entry level condos and houses into many millions of dollars for a huge house.
What does this mean for you? If you are a first time buyer that $8000 tax credit can help off-set your closing costs. If you are a current home owner in a house that is squeezed for space, you can get a tax credit of $6500 to move into a larger house. Everyone wins here if you don’t wait too long to do this.
I happened to drive down a street that looked like no one took any pride in ownership of their homes. And, I mean NO ONE! It looked like a slum but a slum with homes worth $600,000 to $700,000 if these houses were in good shape. It got me to thinking about what must go into someones mind when they just stop taking care of their property.