It’s Back! Down Payment Assistance for Buyers!

breaking-newsCan you imagine buying a new home with little to nothing down? Don’t worry, this is not too good to be true, it’s a pure and simple government backed loan (FHA) with the help of our new Grant Program.

We have added this wonderful assistance program to our ever-growing arsenal of loan programs, and now I can finally spread the news! This Grant may help you take advantage of this very attractive real estate market and possibly be the difference in purchasing that home you have had your eyes on. But, with any program, it’s important to read the fine print to make sure this is something that will work for you. Continue reading →

Explanation Of The Fed Statement Today (December 12 , 2012)

Putting the FOMC statement in plain EnglishThe Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent Wednesday.

For the tenth consecutive meeting, the FOMC vote was nearly unanimous. Richmond Federal Reserve President Jeffrey Lacker was the lone dissenter in the 9-1 vote. Continue reading →

Maintain Adequate Homeowners Insurance Coverage

Maintain adequate homeowners insurance coverageIn the aftermath of Hurricane Sandy, stories have emerged of homeowners whose hazard insurance coverage was too low to cover the damage to their respective properties.

Unfortunately, this scenario is common among U.S. homeowners, and is not just limited to damage from natural disasters. Homeowners in Sacramento and nationwide are often woefully under-insured against catastrophe in its many forms. Continue reading →

Short Sale : How Do I Write A Hardship Letter?

Short SaleThere are alternatives to bankruptcy or foreclosure for home owners who can no longer afford to keep mortgage payments current – It’s called a “short sale”. A short sale is when a property is sold for less than its remaining mortgage principal balance, and executed as a way for both the existing homeowner and mortgage lender to cut their respective losses.

Typically, although not always, short sales are reserved for situations of extreme financial hardship; just prior a bank beginning foreclosure proceedings.

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Big Day in The Treasury Market today. So Why Didn’t Rates Get Much Better?

Click on the Photo for Enlarged Version. Much easier to read!

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