Living Well in San Mateo — San Mateo County Real Estate
The other day we got a call from a potential client who was referred to us from one of our past clients. He was a first time home buyer, looking to buy a home in the Silicon Valley.
New Client Goes into His Bank to Get Mortgage Financing
We asked him if he’d spoken to anyone [...]
Lenders Trying to Find their Footing with New Financing Regulations
Now that the new good faith estimate and regulations are in effect, banks and other lending institutions are still trying to digest and implement the new changes. Each and every lender has interpreted the new regulations differently, which means with every lender you will get their [...]
San Mateo home buyers who purchased in 2009 are starting to think about their taxes so they can (hopefully) get some money back from the IRS with the home buyer tax credit. Several clients have asked how to claim the home buyer tax credit…here are some tips.
e-File Not Allowed
The IRS is not allowing tax [...]
Effective December 2009, the Federal Housing Administration (FHA) implemented a new stricter approval process for condominiums to be eligible for FHA financing.
Why Should a Condo Buyer Care?
More borrowers qualify with FHA financing than with conventional loans due to the low down payment (3.5% down) program and the looser credit standards. Even the mortgage interest [...]
Yesterday, we showed you the first 4 of our 8 critical factors affecting the San Mateo real estate market in 2010. Today, we’re going to give you the rest.
The Final 4
Climbing Interest Rates
Stricter FHA and Fannie Mae Underwriting Rules
Rising Foreclosure Levels
Loan Modifications Fail
Climbing Interest Rates
The cycle aberration of 5% money ends and by the [...]
Raymond Stoklosa, Broker/Co-Owner
Phone: (650) 533-8531
RaymondS@RayChelRealtyGroup.com
Chela Stoklosa, Realtor/Co-Owner
Phone: (650) 533-8532
Chela@RayChelRealtyGroup.com
Rebecca Williamson, Realtor
Phone: (650) 281-8515
Rebecca@RayChelRealtyGroup.com
Chris Williamson, Mortgage Advisor
Phone: (650) 520-0915
Chris@SanMateoMortgageBlog.com
