Monthly Archives: August 2009

East Bay gets $ to fight foreclosures

According to the San Francisco Business Times the East Bay will get $6.7M to fight foreclosure blight.  I have already emailed the author, Blanca Torres to inquire how the public can apply for such funds, once they are available.  I … Continue reading

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Energy Efficient Mortgages

This loan gives you extra cash to complete energy efficient improvements. Like the FHA 203K streamline loan Continue reading

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Good Loans Gone Bad

Over 13% of houses with mortgages are late on payments, or in foreclosure. That’s 1 in 8 homes and the highest percentage ever recorded by the MBA (Mortgage Bankers Association). The frightening part is that Prime borrowers are now a … Continue reading

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Register and be entered to win!

Use the Register link in the sidebar, and become a memebr of my blog. Once you have registered and posted at least one comment to any of my posts, you will be entered to win Continue reading

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Erase 30% of your Principle Balance

As I excitedly read the guidelines for the new FHA program that allows you to erase 30% of your principle balance in order to lower your payments and hopefully not be underwater on your loan… I quickly realized Continue reading

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.1% of Americans find jobs

The unemployment rate has dipped! But before you get too excited it went from 9.5% to 9.4%. Continue reading

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Market Talk

Mortgage rates are still great and in the low 5′s for a conforming 30 year fixed. This assumes good credit and the ability to qualify. It truly is a great time to buy or refinance if you can. Continue reading

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Confused?

The Economy is getting better!  More Foreclosures on the Horizon!  Worst unemployment rate in decades.  Inflation is not a concern.  Inflation will be a concern.  The Economy is turning around.  You learn to not pay attention or at least not … Continue reading

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