San Mateo lender, Chris Williamson is contributing today’s lending tip. The government gave many first time buyers a gift this week and here’s the scoop… Under the current Federal Stimulus Bill signed into law in February, Congress approved an $8,000 first time home buyer dollar for dollar tax credit. Until recently, this credit was not…Read More »
I’d like to introduce a new contributor to the Wilkas Group blog, Chris Willliamson. Chris is a lender with Mortgage California, local direct lender with offices in Los Gatos and coming within weeks to San Mateo. Chris also writes a blog, one that will give you some great advise on the lending side of real…Read More »
Here we go again, with the talking heads on financial news misinterpreting the impact of the Fed’s actions on home loan rates. Here’s the scoop. What the Fed just announced is huge – they have committed to buy another $750B in Mortgage Backed Securities, and $300B in Treasuries. But what does this mean and why…Read More »
It’s been all over the news recently, Interest Rates to drop to 4.5%! You’re thinking about buying a house but now you’ve decided to wait since rates will be coming down. Is that a good idea? Will they really come down? Will you really save money? Let me get out the trusty crystal ball and…Read More »
When you first think about buying your own home you may think that you already know how much you can afford each month for a mortgage, but there is only one way to really know of how much house you can afford and this is driven by how much a lender calculates you can afford.…Read More »
Not a day has gone by during all of this global money chaos when someone hasn’t asked me if the real estate business has ended, thinking that no one is lending any longer and therefore no one is buying anything. Guess what! It just isn’t so! There is money out there to lend and it’s…Read More »
For those of you living around San Mateo, you already know it’s costs a whole lotta moola to buy a house here. Today,the banks aren’t making it any easier and many of them expect you to have at least a 720 FICO score before they will to talk to you about a new loan. Did…Read More »
I truly never thought I’d ever see the day ever again. FHA loans available for purchasing a property in San Mateo County. Fantasyland has finally met the rest of the country and buyers can apply for a conforming loan. But, only through the end of 2008, so if you are really thinking about buying a…Read More »
The thought of buying a home can be overwhelming if this is your fist time. Its a complex event during which there is much to learn and to consider. How much can I afford? Where will the down payment come from? How much will I need and where can I find the best loan? How…Read More »
Generally when I write about Buyer Assistance programs they’re for first time home buyers. There are several of them available that are designed to help the first time home buyer but now there’s one to help someone move to San Mateo County who already owns a home. There are certain stipulations to the program, but…Read More »