The Piggyback Loan is another loan that offers a low down payment as well as a way to avoid PMI (private mortgage insurance). It and can be used to finance 80% of the home’s purchase price. For instance, if a home buyer only has enough cash for a 5% down payment it would look like this. 80/15/5. The “80″... Continue Reading »
The real estate market in Orange County on homes from $600,000 to $1,000,000 is starting to show some signs of slowing. For sale is up 7.5% sold is down 13.3% and pended is down 5.2%. The median is $717,000, 15 dollars lower then last month. Average active and average sold price are also both down. Days on market is... Continue Reading »
Numbers for July have just come out, lets take a look at them now. For sale is up 9.2% sold is down 22.4% month over month. Now sold means that the property could have been in escrow for 30-90 days or longer and just so happen to sell in July. The more accurate stat to look at is Pended, because this is property... Continue Reading »
The real estate market in Orange County on homes from $600,000 to $1,000,000 was very strong for the month of May. As you can see by the graph below, for sale, pended and sold are all up month over month. Days on market is at 74, 5 days more then last month. The average price per Sq. Ft is $303, there is only one... Continue Reading »
What is going to happen to the real estate market now that the tax credit has come to an end? Michael Fratantoni, MBA’s Vice President of Research and Economics said: “The data continues to suggest that the tax credit pulled sales into April at the expense of the remainder of the spring buying season.” Numbers... Continue Reading »
The real estate market in Orange County on homes over $1,000,000 was strong for the month of April. As you can see by the graph below, for sale, and pended are all up month over month, however sold is down 2.6% but that’s only 5 houses. Days on market is at 100 which is the lowest it has been dating back 15... Continue Reading »
The real estate market in Orange County on homes from $600,000 to $1,000,000 was very strong for the month of April. As you can see by the graph below, for sale, and pended are all up month over month, however sold is down10.7%. Days on market is at 69 which is the lowest it has been dating back 15 months. The average... Continue Reading »
The real estate market in Orange County for homes up to $600,000 was very strong for the month of April. As you can see by the graph below, for sale, and pended are all up month over month, however sold is down 7.4%. Days on market is at 76 which is on the high side by only a week, dating back 15 months. This is because... Continue Reading »
In today’s economy many people are losing their job or are afraid of losing their job. As a result many home upgrades and repairs are being neglected, or a homeowner is forced out of their home through short sale or foreclosure, they trash it and take valuable items inside the home before they leave. The... Continue Reading »
Here is another loan available just for veterans. Some highlights include: 100% financing. Easier to get a loan because of more liberal VA Underwriters that are more understanding of credit challenges. No Reserve Requirements, meaning you don’t need to have any savings to buy a home. The seller can pay closing... Continue Reading »
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