My New Blog

Can you feel it? The munchkins are coming out of hiding! The bears are coming out of their dens after a long, cold winter!

In the housing market, people are feeling more confident about investing in property. Home prices are stable, back to reality.  Between the $8000 first time buyers can get and my credit to them of part of my commission, they have very little out of pocket closing costs.  By the way, that credit is good up until June 30th as long as we get you into escrow by April 30th!

On the financing side, mortgage interest rates are crazy low!!  Various types of financing options are available now. For example, I have a 30 yr loan, fixed for 5 yrs, in the 3%'s. Hey, did you know I work with all the major banks to get my borrowers the lowest interest rates? I do the shopping for you!

Self employed borrowers should see an expansion of guidelines this year to help them qualify for home financing. There is a huge sector of self employed home owners who would greatly benefit from being able to refinance their homes, or move up or move down to purchase homes. A large sector of those who have lost their homes are in this group of self employed workers who's pay was cut, and were not allowed to modify their loans! What a shame!

The rental market is heating up, as well. The rental market will continue to grow as folks who cannot afford their mortgages rent out their homes to other folks who have done the same. It's like a big housing swap!

Call me anytime if you need more info...This is what I do!