24 February 2010Here is a list of the LOAN programs that are still available. Even if you are Self Employed!!- Stated Income Verified Assets- UP TO 60% LTV (Self Employed Only)- Verification Of Employment ONLY (VOE - NO INCOME, NO 4506T) - UP TO 80%LTV (Wage Earner or Salary Only)- Conventional A
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03/03/2010
01 March 2010 (New Law):Buyers:Please get a Good Faith Estimate (GFE) from your lender...for your protection *At the bottom of this post is a Sample GFE in PDF. If you plan to take out a mortgage or refinance any time soon, you might want to hear this blunt message from federal officials: Don't f
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03/03/2010
Element Loft Auction Dec. 13 (Sat.) 2009Element Loft Auction:A REMINDER-IF YOU ARE GOING TO BID AT THE AUCTION YOU WILL NEED TO BE PRE-APPROVED BY BANK OF AMERICA. This will be a full doc Pre-Approval so make sure you do this ASAP so you don't miss the Auction on Dec. 13, 2009Thanks!Please contac
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11/27/2009
*Check out my Mortgage Calculator to see if you qualify!!FHA loans have been around for a long time. Actually FHA (Federal Housing Authority) has insured more than 37 million home loans for Americans since 1934! It was primarily designed to help mainly first time homebuyers (even though you do
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11/27/2009
Use my Mortgage Calculator*note:Please contact me regarding my Buyer's Rebate (up to 25% of my net commission) for first time homebuyer's.*Thinking about purchasing a home of your own? Keep these critical considerations in mind and contact me, Thomas Ray: How long you plan to live in the home.If
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11/27/2009
It may be a shortened work week due to the Thanksgiving holiday, but there will still be plenty of action in store. Both Monday's Existing Home Sales Report and Wednesday's New Home Sales Report will give us a read on the housing market. With many homebuyers jumping into the market to take advant
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11/27/2009
The media's recent analysis of the economy has run the gamut of late, some optimism, some pessimism...but also some confusion as they attempt to decipher recent economic reports, particularly relating to the job market. Let's look at a few of the recent reports, and get behind the headlines to de
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11/27/2009
The following is Part III of an ongoing series of interviews with my Preferred Lender:Dean Wong. His contact info follows the Interview.Thomas Ray:Dean, how are you these days?Dean Wong:Thomas, I am great! Hopefully we can help clear up some questions your clients might have with all the new regu
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11/22/2009
Last week (11/13) the Federal Reserve stepped in with more buying of Mortgage Backed Securities (MBS), helping Bond prices recover from news of a weak Treasury Auction. Overall, home loan rates bounced around last week and ended the week very slightly improved. But that said, we can't "push our
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11/22/2009
Element Lofts in Marina del Rey,CA are going to Auction in December..please see my post on this on my blog:www.RealEstateBlogLA.com *IMPORTANT UPDATE::If you plan to bid, you must be PRE-APPROVED by BANK OF AMERICA. This is part of the settlement judgement.There is also an Auction Training Class
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11/22/2009