Posts tagged as:

Loan

Competitive Advantage: 21 Day Escrow Will Appeal to Sellers of Foreclosures

Can a 21 day escrow on your purchase offer give you a competitive advantage over other offers?
You Betcha! Sellers want to sell as soon as possible. You want a competitive advantage. This is the best of both worlds.
Typical escrow period listed on a purchase offer is 30 days from accepted contract. Most lenders will need [...]

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Webinar: Broadview Community Access Affordable Home Loan Program

by Scott Schang February 25, 2010 Broadview Community Access

A Special Loan Program for California’s Finest
This Affordable Lending program was created with the specific purpose of helping valued community members buy a primary residence. See below for a list of professionals that are eligible for this exciting new program….

Who is Eligible?
California Public Employees – (Does not require CalPERS membership)

Police Department Employees
Fire Department Employees
National [...]

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Are tightening FHA Underwriting Guidelines going to make it harder to buy?

by Scott Schang December 2, 2009 Loan Programs

FHA is experiencing a whole new set of challenges as the number of Governement Insured loans rises from only 3% in 2006 to almost 30% of purchases and 20% of refinances in today’s market.
It’s been reported for a couple of months now that FHA’s reserves have dipped below the two percent level, to 0.53 percent [...]

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CalSTRS Bait and Switch Save

by Peter Maldonado October 21, 2009 Loan Programs

Amy was misled.
She had been promised a CalSTRS loan and now her lender was trying to switch her to an inferior and more expensive loan.
She did some homework, and found this site.
She had some tough questions.
She gave me a call, and was able to get the answers she needed.
I started the process and found out that she [...]

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It’s all about the Timing…Understanding Lender Turn Times

by Scott Schang October 12, 2009 Loan Programs

Time can be your best friend or it can be your worst enemy when you’re talking about buying a new home.
The “Time” I want to talk to you about is ”Turn Times” from your lender. The Turn Time is the amount of time, usually measured in days (sometimes hours) that it will take for your loan [...]