If you’ve been paying your mortgage diligently, slowly seeing your roof disappear under water, and didn’t see any light at the end of the tunnel — your wait may be over! Many of us struggled between keeping our mortgage current while watching interest rates fall, only to be excluded from any refinancing options because we were “too far underwater”. No longer….
Fast Facts Calif. median home price: September 2011: $287,440 (Source: C.A.R.) Calif. highest median home price by region/county September 2011: Marin: $786,590 (Source: C.A.R.) Calif. lowest median home price by region/county September 2011: Siskiyou County: $113,330 (Source: C.A.R.) Calif. Pending Home Sales Index: September 2011: 118., an increase of 8.4 percent compared with a prior year. Calif. Traditional Housing Affordability Index: Second quarter 2011: 51 percent (Source: C.A.R.) … Continued
Yeah, how’s that!? That’s the difference between you and your neighbor who has a 760 credit score and your 639 score. They secured a home loan for 2% less than you (and a reduced Risk Assessment % — yep, that’s built into the loan APR from your lender, did ya know that?) which saves them … Continued
I say that a bit “tongue in cheek” but it does come as a result of my recent Broker renewal/exam class experience. The “cheater” used their notes (blatantly I may add) during the closed book test. Not just once, but again after being warned to put them away. Now understand, these tests are not super … Continued