Carl Arakawa's Blog

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Mortgage and Lending - Five Star Mortgage - NMLS #373999
RECENT BLOG POSTS
The, "Good Old Days," was when you could consolidate your debt by refinancing your home. In most cases, that is no longer possible because most homeowners have a higher loan balance than the value of the home. What do you tell your clients when they ask, "How can I reduce my expenses?" Nevada For...
05/05/2010
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I attended Rain Camp Las Vegas. I got a lot of GOOOD information, mindset and clarification. I kept telling myself, "Wow and it's free?"  Anyone thinking of attending, you must! This will give you a very positive understanding how you Must Market... ONLINE! Thank you Active Rain and Team for a hi...
04/02/2010
13% Unemployment, hours being cut back and adjustable mortgages coming due, more and more homes are becoming foreclosures and lower the median home price for 3 Bedroom house to $135,000. More and More real estate agents report the investors buying homes that generate, "Cash Flow." As a result, Mu...
01/24/2010
 HUD TAKES ACTION TO SPEED RESALE OF FORECLOSED PROPERTIES TO NEW OWNERS  WASHINGTON - HUD Secretary Shaun Donovan announced a Temporary One Year policy that will expand access to FHA mortgage insurance and allow for the quick resale of foreclosed properties. Shaun Donovan said, "As a result of t...
01/17/2010
Referral Information Date: November 14, 2009 Status: Available Seeking: Loan Officer Location: Westside in Los Angeles, CA Side: Both Property Type: Single Family Price Range: $2.0m to $5.0m Time Frame: Immediate Referral Quality: Past/Current Client Referral Fee: 30% Extra Details: Please email...
11/14/2009
Seniors can now purchase nicer homes than they expected in Las Vegas with a Reverse Mortgage Purchase Loan. Real Estate agents are reporting many seniors are purchasing Las Vegas homes ALL CASH with the sale of their former home and moving to senior communities with golf ammenities. With a Purcha...
11/10/2009
President Obama signed HR3548; Extending the $8,000 First Time Homebuyer tax credit and $6,500 tax credit for previous home owners. The Senate voted Wednesday, November 4, 2009 to extend the $8,000 First Time Homebuyer tax credit and expand the tax credit to include many buyers who have owned hom...
11/05/2009
48-72 Hour Approval / Close in 10 days!   Borrower must have: 3.5% Down Payment (down payment and closing costs can be gift) 640 FICO 2 Year Taxes and W2's 2 Paystubs current Month 2 Months Bank Statements Drivers License & Social Security Card Single Family Residence
11/02/2009
    The Housing and Economic Recovery Act 2008 provided great changes for FHA. I believe one of the most exciting change is the Reverse Mortgage Purchase loan. Instead of a Senior selling their home and paying ALL CASH for their new home, they only need to pay the down payment. Closing costs are ...
11/12/2008
The Best Zero Down home loan is going to get better. January 1, 2009, VA home loans will go to $625,500 with NO DOWN PAYMENT and if the Seller pays for closing costs, NO CLOSING COST! We call this VA No-No. The $625,000 loan limit is for Los Angeles, Long Beach, Santa Ana and Orange County.  San ...
11/12/2008
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Carl Arakawa

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