San Diego Loan Blog . Com

Time Will Tell…. More Hot Air Balloons from Banks or….   Time will tell if Bank of America is filling up more hot air balloons or is actually making a difference.  I’m sure you’ve heard me harp on H.A.R.P. and H.A.M.P. (Home Affordable Modification Program), since banks haven't seemed too enthuse...

  NO Fannie Mae FINANCING Until Redemption Period Expires?   Will Fannie Mae stop new financing until the exemption period expires?  How is that possible?   This means that once a home as been foreclosed on, the homeowner in some states could have up to 12 months to pay back mortgage payments, la...

Renters Will Save Us     Experian’s site Hitwise measures website traffic and concludes that of the 20 most popular real estate sites, 7 are now focusing on renters.  One year ago, there were primarily 3 sites for renters.  Makes sense with the influx of renters due to loss of home ownership.    ...

Homeowners Who Refinanced…. Don’t Lose Your Legal Protection   Did you Mr. Homeowner know that if you refinanced your home, you lost your legal protection?  Proposed legislation, SB 1178 if approved will continue to protect more homeowners facing foreclosure.  If not approved, homeowners could be...

Private Mortgage Insurance PMI – Can I Cancel It?   How long do you have to pay PMI, private mortgage insurance?  If you just bought a home and your down payment was less than 20%, you will be paying PMI.  It’s included in your mortgage payment and will continue until you have accrued 20% equity....

FHA Loans – Low Down Payment or High PMI Payment   FHA Loans were great for buyers needing a low down payment to purchase a home.  But, with FHA’s recent and proposed changes, will it price homebuyers out of the market with higher PMI payments?   Most buyers that need a FHA loan, need it because ...

Mortgage Pre-Qualification Letter – What it Needs to Have in San Diego   What does a mortgage pre-qualification letter need to have in San Diego?  It should state specifically the qualifying factors required by the mortgage lender.   ATTENTION:  Agents, Buyers, and Sellers – don’t accept a pre-qu...

Short Sale Negotiators – Don’t be fooled….   Real estate agents, sellers, and buyers -- don’t be fooled by short sale negotiators.  Attorneys have long been in the game, acting as loan modifiers and short sale negotiators.  Don’t be fooled by false advertising and misrepresentation. I’ve been rec...

Real Estate Market – Positive Upward Trends   I see positive trends and hope for 2010 and beyond in the real estate markets around the U.S.   First time home buyers dominated most of the real estate markets in 2009, gobbling up properties below $250,000, most of which were foreclosures.  The posi...

San Marcos, Walnut Hills Home for Sale Overview Maps Photos Features Description Neighborhood Market Stats $399,000 Single Family HomeFor Sale Main Features 4 Bedrooms2 Bathrooms1 Partial BathroomInterior: 1862 sqftLot: 7,405 sqft Location 400 Silver ShadowSan Marcos, CA 92078 Jennifer Palmer (7...