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How to Buy a Home After a Short Sale

Becoming a Homeowner After a financial hardship like having to short sale your home, it's important to know that your next home is within reach. While a short sale will affect your credit score, time heals all credit wounds as long as you make an effort to build good credit, and keep all of your other payments current. Rebuilding your credit, so that you are confident that you will not have similar challenges is the first step. The second step to buying a home after a short...

Smart Homes Save Big Money?

Tech Smart Homes Protecting you from the unexpected is what I do as an Insurance agent.  I recently discovered a "smart" way to do this, at a very low cost. And one of the best ways to safeguard your family and belongings is with a home monitoring system – whether it’s door and window sensors to help deter intruders, or water sensors to help detect leaks. With the advancement of home monitoring technologies, it's now possible to manage your home from a phone or tablet...

2015 Home Buyer’s Advantage in San Diego California

Missing Buyers? Jane Loveday is a local real estate agent in the City of San Diego, and a good friend of mine.  We were having a conversation about buyers and sellers, and how different markets can vary from one City to another. Sometimes, markets can be dramatically different from one community to another, within the same City. The real estate market in San Diego is an interesting one, much different from what I'm seeing in Orange, and Los Angeles Counties.  In San Diego,...

Homebuyer Assistance for Employees of California Title 1 Schools

Not Just for Teachers The State of California offers special homebuyer assistance programs to employees of Title 1 schools throughout the State. The Extra Credit Teacher Program (ECTP) is a deferred payment, silent second mortgage offered by the California Housing Finance Agency. The assistance money from this program can be used to pay for downpayment and closing costs when purchasing a new home. This assistance program is not only for Teachers.  You only need to receive a paycheck from a Title 1 school.  It...

California Local Experts Market Reports – January

January 2015 This year started off with a BOOM!  Interest rates dropped to near record lows, and home sellers are ready to sell. I polled Local Real Estate Experts in California, and asked them how the local markets are doing in their communities. Every community is different, and the only way to know what the market is like in your neighborhood, or the city you would like to move to, is to ask a local real estate professional that stays on top of the trends. This month's...

GSFA Platinum Homebuyer Grant (formerly CHF)

New Name, Same Grants No, the CHF Platinum homebuyer grant has not gone away, it's just gone through a name change. Formerly known as the California Rural Home Mortgage Finance Authority (CRHMFA), or CHF for short, it is now the Golden State Finance Authority (GSFA) Platinum Grant. Providing grants for California homebuyers to cover up to 5% of your down payment and closing costs, is still the goal of this newly named program. Eligible First Mortgage Loans To use a GSFA Platinum Grant, you must also...

Financial Checklist for Your 20’s

Getting an Early Start Your twenties can be the most eventful decade of your life. You may be a student, new to a full time job, a new renter or homeowner, married or single, a parent or even a small business owner. No matter what you’re experiencing, you’re likely rather new to managing your money. While no financial advice is the same for every situation, there are several common strategies that people in their 20s may want to embrace. Live within your means The...

CalHFA Allows Assistance Subordination for California Homeowners

Refinancing Unlocked On January 29th, 2015, the California Housing Finance Agency (CalHFA) announced that it is relaxing it's subordination process to allow more California homeowners to refinance into lower rates and payments without having to pay off the silent second assistance loan. Homebuyer assistance sometimes makes all the difference between renting, and owning a home in the State of California. CalHFA offers a wide range of accessible, fully funded assistance programs available to new homebuyers to bridge the downpayment and closing cost assistance...

Is Buying a Home Cheaper than Renting in California?

2015 Housing Market This is a question that every Realtor and lender has been using since the beginning of time to try to educate renters about the benefits of home ownership. In some cases, you can in fact buy a home and make a mortgage payment that is less than a rental payment, but that's an exception, not the rule. This shouldn't discount the fact that the benefits of owning a home will not only save you money, but will actually earn you...

How VA Streamline Refinance Works

Veterans IRRRL Benefit The VA home loan benefit available to California Veterans and reservists offers the most cost effective home loan option available on the market today. Eligible Veterans have the ability to purchase a home using their VA home loan benefit with no money down, and very little, if any money out of pocket. For those Veterans that already have a VA loan, you have the access to a unique feature that allows you to "streamline" you loan to reduce your interest...

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