Are you thinking of buying a home in Rancho Bernardo? If so, with the world of financing having been turned upside down in the last year, reviewing your options is what our team recommends to our clients and in conjunction with our team's lender. The right or wrong decision when signing your home mortgage can mean thousands of dollars difference in interest paid. There are very important considerations to evaluate before you commit to a 15 or 30 year note....continue reading...

The New Reality In Today's Market With today's focus on the value of residential real estate, one of the most critical aspects of purchasing a property is it's physical condition. The professional appraisal required to obtain financing is a very comprehensive analysis of the property's value, including condition.  In particular, when a Buyer is looking at foreclosed or bank-owned properties (known as Real Estate Owned or REOs) the property's physical condition will come under very close scrutiny by both the...continue reading...

Well, it looks like the “new and improved” stimulus bill will have an immediate effect on mortgages.  Fannie Mae (FNMA), Freddie Mac (FHLMC), and the Federal Housing Administration (FHA) have announced that they are reinstating last year’s high balance conforming loan limits. For 2008, FNMA and FHLMC, as well as FHA, would insure loan amounts up to $697,500 in San Diego.  Any loan greater than that number was considered a Jumbo loan.  Unfortunately, that loan limit dropped to $546,250 effective for...continue reading...

One of the biggest hurdles many solvent investors have had these days is Fannie Mae's (FNMA) limitation on the number of one- to four-unit financed properties.  This limit dropped to four properties over the last year or so, which has hamstrung many investors looking to add to their real estate portfolio. However, according to FNMA Announcement 09-02, borrowers may now have up to ten financed properties without having to pay the higher rates of private or hard-money resources.  In the current...continue reading...