Increased Loan Limit programs Coming To An End

Last February, President Bush signed the Economic Stimulus Act increasing the FHA loan limit amount for borrowers. In Los Angeles and Orange Counties, the loan limits were increased to $729,750 and in the San Bernardino County area, it was increased to $500,000. Prior to this legislation, the conforming loan limit amount was $417,000. This was great news since it leveled the playing field for us Californians. It allowed us access to competitive interest rates. We should not have to pay more on our mortgage because we live in an area where the median home price is higher than most of the country. This was also wonderful news for first time home buyers who were more comfortable with obtaining a "safe" conforming loan, instead of being forced to go with a jumbo loan. As a current property owner, the legislation also allowed current homeowners to refinance at reasonable rates. However, these increased loan limit amounts are expected to expire AT THE END OF 2008 (unless the new president decides to keep them permanent...something we will have to wait and see). Please contact us today so that we may help you find you a home while these loan programs ARE STILL IN EFFECT.

Jump Off The Fence and Into Your New Home!!!

After 33 months of a slow down-turning Real Estate market where home prices have fallen so drastically with all the foreclosures and bank-owned homes, there was really nowhere to go in the Real Estate market but UP! Prices have fallen to a point where consumers not only feel that homes are affordable, but that the purchase would be considered a value. Investors and first-time home-buyers alike are all moving into the real estate market. Bank-owned homes are being sold just as quickly as they are being advertised for sale. Multiple offers on homes are being reviewed, and consumers are offering ABOVE listing price for certain homes to ensure that their offer gets accepted against all other offers. If you are still sitting on the fence waiting for prices to drop before making your move, you may miss your opportunity of either moving into the home of your dreams (or buying an investment property) at the price you can afford. Just think of your home purchase as your personal investment. You buy now and sell later when the real estate market is back to normal. You will definitely make a profit! At worst, even if home prices did fall another 10% by mid 2009 (which I don't think will happen, but even if it did), you would have already started your investment TODAY. By the time the real estate market does stabilize, the market value of your home at that point would compensate for the supposed 10% decline, and you will have the ability of moving yourself into a bigger home (or choose to stay exactly where you are and refinance to buy another investment property). Any way you slice it, if you BUY NOW during this time when home prices are at a low, YOU WILL BENEFIT. Let's face it, at this point, there is really nowhere for the Real Estate market to go but UP...don't miss your opportunity and call us today so we can help in your next Real Estate Investment/Purchase!!!!

Bargain hunting for your home

The majority of us love saving money whenever we can while still being able to purchase what we love. It's a bargain hunter's dream to be able to buy what we want at a price we couldn't beat. Most of us shop around to find that perfect house - the one to raise our family in, the perfect bachelor/bachelorette pad, the home to retire in, the perfect starter home, etc. Whatever it may be, we try to get the most of what we pay for, by shopping around. As a woman who LOVES to shop and SAVE MONEY at the same time, I decided to share my secret weapon with all of you when shopping for home decor and furnishings. If you are in the Los Angeles County area, Orange County area, or the Inland Empire and have recently spent the majority of your savings in the purchase of your home, have no fear! I am here to help. You no longer have to eat dinner off those cardboard boxes that once held your clothes and personal belongings for transport. You no longer have to sit on the floor to watch your favorite tv show, and you definitely don't have to use just that single mattress that is sadly placed all by its lonesome in the corner of your bedroom floor to sleep on. Please check out the following links. You might just find exactly what you're looking for at a way affordable price: - Furniture - Flooring - Fabric & Upholstery - Home Decor - Home improvement - Linen & Bedding - Mattresses - Office Supplies - Appliances. Specifically for Inland Empire residents, please check out this link for discounted goodies in your area: Merchandise for the IE residents. For Orange County residents, please check out this link for affordable merchandise closer to home for you: Merchandise for the OC Residents. So there you have it. A few locations that I like to visit for my own personal home decorating that I felt you might like to check out as well to start your bargain hunting. Happy shopping!!