Tips for Closing on Your Home Loan Quickly

by Irene Moustakas | Sep 17, 2013 | Featured, Tips

Even though the lending industry has slowed down greatly since interest rates increased in early summer, it is still a busy time.  If you are applying for a loan to purchase a home, then most likely you have offered terms with a short contingency removal and Close of...

Reminder to Pay Property Taxes

by Irene Moustakas | Dec 3, 2012 | Tips

We are coming up on the “late” date for the 1st installment of property taxes.  The fiscal year runs from July 1 to June 30.  The 1st installment of taxes is due on November 1st, late December 10th; the 2nd installment of taxes is due February 1st; late April 10th....

Choices: When the Appraised Value Comes in Lower than Your Purchase Price

by Irene Moustakas | Feb 22, 2012 | 1st Time Homebuyers, Featured, Tips

If you are purchasing a home and the appraised value comes in lower than the sales price, this can be a deal-killer for many buyers.  Lenders calculate the loan amount based on the lesser of the purchase price or the appraised value.  If you’re at the Loan-to-Value...

Reminder (and Warning) Regarding the 1st Installment of Property Taxes

by Irene Moustakas | Oct 13, 2011 | Featured, Tips

As many of your homeowners know, the 1st installment of property taxes is due to the county on November 1st; considered late after December 10th.  You should all have your property tax bills by now. I will send out another reminder via my blog when they are due, and...

Calculating the Income of a Self-Employed Individual

by Irene Moustakas | Jun 2, 2011 | Featured, Tips

Lenders underwrite income on salaried borrowers versus self-employed borrowers differently. If you are salaried, the lender will use your current gross base income as your qualifying income.  They do want to see a 2-year history of employment without any gaps, and...

Reminder: Last Day to Pay Property Taxes Without a Penalty!

by Irene Moustakas | Dec 10, 2010 | Tips

Today, 12/10, is the last day to pay your 1st installment of property taxes without being assessed a late fee.  If your payment is postmarked after today, the county will assess a 10% penalty, so it isn’t cheap!  Being late on property taxes is NOT reported to...