East Bay Area Real Estate

CAR - California Association of REALTORS addresses the Economic Stimulus Package.
The Senate passed an economic stimulus package today, Thursday, February
07, 2008. The Senate version includes the same increases to the conforming
loan limits for both GSE and FHA found in the House stimulus package. The
House just passed the Senate version of the bill [...]

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SFGate. com writes, It’s going to be harder - and more expensive - to get a mortgage. Turmoil in the mortgage markets has caused increasing problems for home buyers in the Bay Area. Simply put, less money is available for mortgages.
The credit crunch comes at a time when Bay Area homes already are changing hands [...]

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Adjustable Rate Mortgage: (ARM LOAN) A mortgage loan subject to changes in interest rates; when rates change, ARM monthly payments increase or decrease at intervals determined by the lender. Also called a variable rate mortgage

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Trust but Verify:
Real estate agent also acting as loan agent is a conflict of interest

In the last couple of years, we’ve noticed a dramatic increase in the number of agents representing buyers who also act as loan brokers. Likely, this is because there are so many new agents chasing a limited number of deals and [...]

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A new blog on the scene, Credit Score Tips & Advice, has an interesting article and discussion about the Top 7 Credit Score Secrets. And don’t skip the comments - as is usually the case , the readers contribute some very interesting and helpful points as well.

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