Credit Reporting and How to Avoid Junk Mail
I had a meeting with a client the other day and we were discussing credit reports and how many pieces of junk mail he receives from credit card companies soliciting him to open up new credit cards. Obviously he’s on some list (or lists) because, if you’re not aware,...First Time Homebuyer Program: CalHFA
California Housing Finance Agency (CalHFA) is a state-sponsored agency that offers affordable solutions and down payment assistance programs to first time homebuyers. To get a CalHFA loan, one must adhere to the following requirements: First time homebuyer (by...Economic Theory: “The Hemline Index”
This is silly, but certainly amusing! The Hemline Index is a theory purporting that skirt lengths and the economy coincide. The shorter the hemline, the stronger the economy; the longer the hemline, the weaker the economy. Check this out… Hemlines hiked up in the...If Your Monthly Payment is About to Reset…
I want to share a situation that comes up all too often in this market: I got a call a few weeks ago from a woman that bought her condo in 2005 with a 5% down payment. She was put in a 3/1 Interest Only ARM (fixed at a set interest rate for the first 3 years of the...Loan Calculator
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