Home > mortgage

Posts Tagged ‘mortgage’
Raymond Stoklosa

Seller Financing: The Easiest and Cheapest Home Loan

By · April 9th, 2008

The days of “no documentation, no verification, no qualifying” financing are over. Lenders like BofA and WaMu have exited the wholesale mortgage business. Home Equity Lines of Credit (HELOC) are more costly and more difficult to obtain so borrowers who need to borrow more than 75% of the value may be left out in the [...]

Tags: , , ,
No Comments »

Raymond Stoklosa

Top Three Home Financing Mistakes

By · March 31st, 2008

Are you making a financing mistake? Take a quick look and see if your financing plan is really a good idea… Mistake #1. The most common mistake is looking for a home without really knowing how much you can afford to spend. The amount you can pay for a home depends on your income, the [...]

Tags: , , , ,
No Comments »

Raymond Stoklosa

The New Bay Area Mortgage Market

By · March 24th, 2008

Good news for Bay Area home buyers and particularly those looking to buy in cities such as San Mateo, Belmont, San Carlos, Foster City and Burlingame.  The economic stimulus package passed by Congress is effective immediately and it includes a temporary provision that increases both the FHA and Conforming Loan limits to a possible high [...]

Tags: , , , ,
No Comments »

Raymond Stoklosa

Loan Scam Alert!

By · March 21st, 2008

It’s back! We’ve heard reports that the old “lender servicing scam” has been showing up lately and it works like this. A home owner with a mortgage loan receives an official looking letter instructing him or her to direct all future mortgage payments to a new loan servicing agent. (A loan servicer is an entity [...]

Tags: , ,
No Comments »

Raymond Stoklosa

Find a Loan, Then Find a Home

By · March 16th, 2008

One of the most common misconceptions, especially among first-time home buyers, is that a loan pre-qualification is the same thing as a loan pre-approval. This is, in fact, NOT the case and confusing the two can cost you your dream home. Let’s first dispose of the term pre-qualification. A loan pre-qualification is an informal, often [...]

Tags: , , ,
No Comments »