YOU JUST LOST $51,066! If you have tried to purchase a home it will cost you more today over last week's costs. Interest rates on home loans rose one-half of a percent this week. What does that mean to you if you are an average home buyer? It means if you are a first time buyer you just lost $51,066 over the life of your $500,000 loan that … [Read more...]
Prepare and think ahead. 7-Year Fixed Rate Loan vs. 30-Year Fixed Rate Loan What is the difference between a 7-year fixed rate loan vs. 30-year fixed rate loan? A 30-year fixed rate loan in real estate is a loan your bank loans you, which you agreed to pay back to them including principal and interest on the money you borrowed equally over a 360 … [Read more...]
Are you being exploited by the Credit Bureaus? While looking for a bigger piece of the pie, some mortgage companies are paying premium prices to research and find out who’s recently come into the market looking for loans for homes and other big-ticket items. What even burns me more is these credit bureaus are not only giving this … [Read more...]
Mortgages Fees Are Going Up! Fannie Mae and Freddie Mac are raising what they call “risk fees”* to lenders and borrowers with good credit. It doesn't matter if you have good credit and pay all your bills on time. It doesn't matter if you have a good job. It doesn't matter if you make a fabulous salary. You will pay more money now if you are … [Read more...]
Is A Strategic Walk Away A Good Idea? Redwood City, CA: I have seen owners of homes just walk away from the home because they owe more than what the house is worth. Is this a good idea? I mean on any level is it a good idea? Is A Strategic Walk Away A Good Idea? A bankruptcy lawyer the other day told me that the banks are so cumbersome and … [Read more...]
Here's How To Get Out Of Debt - Many people I see out in the market place today treat their personal household budgets like it were the federal budget. This is an easy model to follow because after all doesn't Uncle Sam have your best interests at heart? Well they say they do, however, Uncle Sam can do something that you can’t do. If … [Read more...]
2013 Real Estate Predictions And Why: 2013 looks to be a very good year for real estate in the Bay Area. In Redwood City I am see home prices going up and days a home stays on the market going down. Inventories are low and there are pent-up demand from home buyers who have sat on the side lines for the past 3 years. The low-interest rates are … [Read more...]
30 year fix vs 7 year fix 30-Year Fixed Loan vs. 7-Year Fixed Loan A 30-year fixed rate loan in real estate is a loan your bank gives you and you agreed to repay the principal and interest on the money you borrowed equally over a 360 months payment schedule. This contrast to a 7-year fixed loan, which is also known as an ARM or … [Read more...]
Fix late payments ~ re-aging your credit Fix late payments ~ re-aging your credit If you knew how to re-age your credit then you know how to fix the payments of yours that have been late and those charges you have spent over your credit limit. If not keep reading as I will tell you how re-aging your credit may help you. Here's a little … [Read more...]
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Today Sotheby's International Realty
1250 San Carlos Avenue, Suite 101
San Carlos, CA 94070
DRE#: 00605874
Serving Silicon Valley since 1976.
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