About Writer Co-written by James Dedolph and Randy Nathan, creators of HomeSniffer.com where you can find Homes for Sale in San Diego and LoanSniffer.net where you can find the best rate and terms for Home Loans in San Diego. Both of these sites are a good resource for information about San Diego Real Estate.
100% Financing In San Diego Survives The Sub-Prime Meltdown. The sub-prime loan which helped fuel the ability to buy a home in the boom of the real estate market in 2001 to 2004 has disappeared from the scene.? Homebuyers in Southern California still have many options to purchase a home with no down payment.? For the veteran buyer VA programs offer a 30 year fixed loan with zero down payment that is backed by the federal government, and will even allow for...... Similar Editorial : Kubica Survives 75 by Anthony Fontanelle. | Source : Free Budget Planner
Californias Answer For The Sub-prime Lending Melt Down. The answer to this is a very much overlooked first-time home-buyer program that solves this problem for many entry-level buyers with low FICO scores. The CALHFA (California Housing Finance Agency) program is sponsored by the state of California and has many features not available anymore through sub-prime lending.To start, the program allows for 100% financing with only a 620 fico score....... Similar Editorial : Californias Pacific Beach by Gary Giardina. | Source : Private College Loan Consolidation
Could Sub-Prime Lending In California Turn Deadly? In the last seven years sub-prime lending has become very popular in southern California.? With the high cost of housing in California was a temporary fix for many home buyers have a more affordable house payment.? This group of loans was made very attractive by offering options such as interest-only payments, lower initial start rates, and 100% financing.? For many consumers qualifying was not as...... Source : Private College Loan Consolidation
Short Sales & Foreclosures As Southern California's real estate market has transitioned to a buyer's paradise, short sales and foreclosures are popping up.? A short sale is a transaction in which the mortgages on a house add up to more than the current market price of a home.? When a seller must sell and has no equity in their home, the bank is asked to accept less than a full payoff of the mortgage.? The existing lender...... Similar Editorial : Short Sales Arent Easy by Anne Eliason. | Source : Bank Foreclosed
Get The Best Price On A Mortgage The interest rate you pay on the life of the loan is dictated by your score; in other words, the impact can translate to hundreds of dollars a month more that you will pay on your mortgage. The FICO score is an automated system designed to evaluate your payment history, derogatory marks (late payments, delinquencies, etc.), active accounts, types of credit used, and the percentage of used...... Similar Editorial : Price of Success by Dave Collins. | Source : Mortgage Repayment Calculator
Reverse Mortgages With this type of program there is no payment or repayment of the loan and the money may be distributed in one lump sum payment, used to create a fixed income for the duration of life, or it may be used as a line of credit to be drawn upon as needed. These options can also be combined depending upon the homeowner’s particular situation.Down and out financially doesn't need to be your...... Similar Editorial : Reverse Mortgages For Seniors by Matt D Murren. | Source : Mortgage Repayment Calculator
Adjustable Rate Mortgages - Should You Be Concerned? You may have read about many homeowners who are facing large payment increases from the initial payment structure of their loan.? Payments which in many cases may be beyond their reach, you might ask, “What went wrong?”? In order to have affordable payments entry-level buyers may have selected an adjustable-rate mortgage with a two or three year fixed term.? This short-term adjustable-rate does...... Similar Editorial : Adjustable Double Bed by rsbombard. | Source : Mortgage Repayment Calculator
Dont Risk Overpaying For Your Mortgage- Know Thy Lender In today's real estate market of high-priced housing, finding the lowest rates for a mortgage becomes a priority for many consumers.? With 80% of the home buying public going online to start the search for homes, rate shopping online is now becoming very popular.? In most cases once you identify the real state agent you'd like to work with, they will also recommend a loan officer to pre-qualify...... Similar Editorial : Risk and Reward by John McKeon. | Source : Flexible Mortgage Calculator
How To Start Building Wealth In Real Estate Buying instead of renting:? It might sound strange, but home ownership can be one of the best tools available for saving money.? In today’s competitive loan market there are many loan programs that allow for the purchase of a home with very little money up front.? The bottom line is that you can use money that you are throwing away on rent to build equity in property that in recent years has...... Similar Editorial : Wealth Building Basics by . | Source : Turtle Creek Real Estate
Is The Bottom Of San Diegos Real Estate Market Here? The number of mortgage defaults has dropped by 31% versus the surge of foreclosures San Diego County has experienced.? In October the number of notices of default were 2119 compared to 1463 in November, a new trend has begun.? The most obvious explanation for this new trend is political pressure being applied to the lenders to work out solutions for homeowners who have sub-prime loans that are...... Similar Editorial : Mexico Real Estate Market by Jason Keiller. | Source : Turtle Creek Real Estate
For Homeowner With A Sub-Prime Loan In California and other high-priced areas, many home buyers purchased their homes with sub-prime loans.? This group of loans offered a lower payment structure for two to three years with the hopes of refinancing loan into a more permanent loan structure.? Most homebuyers that purchased up until 2004 were successful in doing a refinance with the large appreciation that occurred during that time...... Similar Editorial : Prospective Homeowner by Nef Cortez. | Source : New Home Loan
Buying A Home After Sub-prime Lending Shakeup Now, you may ask, what does this have to do with my purchasing a home. In many cases, sub-prime lending has not only to do with your FICO scores, but the structure of your loan and finances. So, while you may have good credit scores, your financial situation might not look as appealing to a lender if you're using one hundred percent financing. In most cases, what this means is...... Similar Editorial : Buying a Home As by Laine T. Wagenseller. | Source : American Home Warranty Shield
Buying Your First Home And Sleeping Well At Night. The real estate process of buying a home for the typical family can be a very stressful event, almost at the top of the charts.? The selection of a professional agent can be a tremendous benefit as a counselor and guide to navigate you through the process with as little stress as possible.? The average home buyer spends very little time interviewing and investigating agents for the role as their...... Similar Editorial : Sleeping Beauties by Debbie Rodgers. | Source : American Home Warranty Shield
San Diego Homebuyers San Diego is one of the hardest hit markets during the sub-prime meltdown, resulting in a large number of foreclosed properties.? The consumers purchasing these homes in many instances have received up to a 30 percent discount from the peak of the market in 2004.? With the high cost of housing in San Diego the sub-prime loan with stated income was commonly used to buy homes with 100% financing.?...... Similar Editorial : San Diego Hotels by lynter. | Source : American Home Warranty Shield
