jerryzangrealtor.com

Fed to remian the rate as its historical low range, and might be kept till to the earlier 2010.

It looks like a better new for home buyers. In south bay area, market is still hot.

When my clinet who was going to purchase a new condo from KB home, the state funds to remain at $6M at that time.

When I brought onther client to purchase the same condo, I was so surprised that such fund has run over. The Fed

$8,000 credit seems gone in shortly too.

The question is often asked by the first time home buyer that what they should to buy, house or condo?   I think the most important thing that is the property you need feel conformtable to live in.

It is really up to buyer that what kind of life stley to be. If you like swimming pool newer f loor plan, then go with the newer biult townhouse or condo; if you hate HOA, and want to more provicy, the house is

a good choice.

30 years conforming rate went up from this week earlier. It is at 5.25% t0 5.5% range. But it is still lower than last year that was at 6.125%. Super conforming is about .125% to .25% higher than conforming rate. ARM 1/3 under 4%, 1/5 to 1/7 are around 4.25% to 4.625%. 15 years fixd conforming 4.75%. To get better rate, borrower needs higher credit score over 720. Also, over 40% down has .25% improved rate. Impounds property tax improves rate too.

C.A.R. Realtors provide the free mortage pretection plan for the 1st time home buyer. I have has helped two of my clients to apply such program. It is a great plan for buyers. Realtors, work on this plan.
Ask me more detail.

Many buyers feel uncomfortable to provide personal financial information to their realtor or loan agent before you go to look the property. Yet most sellers require all buyers to be pre-approved or pre-qualified. Especially for REO and Short Sale. Many major banks offer the free service to provide such pre-aprroval or pre-qualified for clients. I have made link to those major banks’ loan office, and work together to get those proofs faster. It makes buyer looks stronger.
However, it is just a little tips for home buyer easipecially the first time home buyer. If you want to win the ” game”, you need follow the rule of the game. All realtors are working really hard to deal due to multiple offers. It is common in south bay each property has over 20 offers.

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