Jacumba, CA Real Estate News

By Regina P. Brown, M.B.A., Broker, Instructor
(MBA Broker Consultants)
Pay all credit payments on time for at least 6 months. Pay down revolving debt to 30% of credit limit.  The best way to improve your score is to pay all credit payments on time for at least 6 months and to pay down revolving debt to maximum 30% of the credit limit.  If your credit limit is $1,000, for example, you keep your balance under $300.  Each month, pay MORE than the minimum payment to your credit accounts.  As you pay on time, and pay down your balances, you will see your score begin to build up.Other great tips are: DO NOT apply for any new accounts and DO NOT open new credit accounts.  When you have your credit report run by a merchant, or when you open a new account, your score may drop down.  It is tempting to buy things on credit, but don’t.  If you cannot afford the item w...
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By Regina P. Brown, M.B.A., Broker, Instructor
(MBA Broker Consultants)
Dreaming of buying a home?  Tired of throwing away your money by renting?  Want to enjoy the stability and comfort of home ownership? Stop dreaming and start planning!  No matter what situation you are in now, you can become a home owner, if you want to do so and are willing to take the necessary steps. Follow the steps below to “fast track” your dreams into reality: Prepare for Purchase Write down your family’s financial goals (short term and long term). For example: Buy a house within one year; Be debt-free within 10 years. Prepare a monthly family budget. Your monthly debts (including car payments, child support, and credit card payments) should be 10 - 15% of your gross monthly income. Upgrade your credit report. Make all credit payments on time for at least 6 months. Make arrangeme...
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By Regina P. Brown, M.B.A., Broker, Instructor
(MBA Broker Consultants)
Brief Definition of Terms In the real estate industry, you will discover terms (jargon) that you've never heard before.  What do they really mean?  Here's a list that will guide consumers to understand terms commonly used in the real estate industry. Down Payment / Deposit Cash which is put down on a property for sale. Duplex / Triplex A property with 2 adjoining units. Triplex: A property with 3 adjoining units. Equity The amount of owner’s value in a property. For example, if a home is valued at $100,000 and the lender is owed $80,000, the owner has $20,000 equity. Escrow An agreement between two or more parties providing that certain documents or property be placed with a neutral third party for safekeeping until all the terms and conditions of the sale are fulfilled. Existing Financ...
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By Regina P. Brown, M.B.A., Broker, Instructor
(MBA Broker Consultants)
9 Steps to Your New Home: Step 8 of 9Congratulations!  We are nearing the end of our home buying process.  Once you know that your home purchase is going to close, there are things you will need to do and some things you should NOT do.  We will discuss how to find services in your new neighborhood, and what NOT to buy before close of escrow.  You have wrapped up the final details for the close of escrow, signed your loan documents, paid your final closing costs, and finally have received keys to your new home, http://tinyurl.com/cs4724e. What is great about America? It is the American Dream, of course. It is the idea that we are in control of our own destiny, free from harsh government sanctions as in some other lands.  It is the rights and the freedoms that so many other countries do n...
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By Regina P. Brown, M.B.A., Broker, Instructor
(MBA Broker Consultants)
Spotify and GooglePlus are two new social media web sites that recently popped up.  Do you have prospective clients on those sites?  Should you even waste your time joining them? Author "nhata" responds: "Is it important to have a presence on as many sites as possible? In a word, yes. But how you interact within those sites is up to you. So what do you do? The first rule of Social Media is to go to where your business is. Meaning: stop talking to your REALTOR® buddies. Friends, family, current clients, past clients – wherever they are, you must be. Play in that sandbox, make connections, and don’t fall in love with the brand." So let’s talk about the sexy new social-networks-you-must-be-on-or-risk-becoming-irrelevant-again, GooglePlus and Spotify. For me, GooglePlus is currently a waste...
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By Chris "The Loan Ranger" McBrearty, NMLS 274079, FHA, VA, USDA, Loan Officer and Educator
(Fairway Independent Mortgage, DBO/CRMLA #41DBO-78367, NMLS #2289)
FHA, VA Mortgage Loans Jacumba, CA When buying a home today it is best to know all your options. The ONLY way to get this knowledge is by working with a tried and true professional. My team has dozens of years of combined experience including my personal 20 years experience. FHA lending is a fantastic tool for home buyers and people wanting to lower their mortgage payments or get rid of an ARM loan before rates start adjusting upward. FHA< USDA USDA and VA loans can be wonderful problem solvers for people wanting to buy or refinance in a rural area and are lacking the down payments funds or equity to get a refinance done on other loan products. These loans are available in Jacumba as well as other North San Diego County Locations The above options are fantastic opportunities to jump in ...
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