Author Archives: Colleen Craig

What is a 1031 exchange?

What is a 1031 exchange? Section 1031 of the Internal Revenue Code allows a taxpayer who owns a property held for investment or used in a business to exchange a relinquished property and defer paying federal, state capital gain taxes … Continue reading

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Solar panels and refinancing

Solar panels and refinancing. It is a problem if you have solar panels if you want to refinance or sell your house? The answer is that it depends on which type of program you participated in and if you financed … Continue reading

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Halloween Trivia – Why do we do what we do?

Halloween Trivia – Why do we do what we do? The word Halloween comes from ALL Hallows’ Eve, a Christian celebration that takes place the night before All Saints’ Day.  The holiday has ancient pagan roots, and today it’s also … Continue reading

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Mortgage Loan Application checklist

Mortgage Loan Application checklist LOAN APPLICATION   When applying for a home loan, you will need to supply your lender with… YOUR PLACE OF RESIDENCE: •·  If you rent: Name, address and phone # of your current landlord. If you own your home … Continue reading

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What is a 203k Loan

What is a 203k Loan 203k MADE SIMPLE   In Southern California, FHA loans were just not utilized over the past 10 or so years because of the FHA Maximum Mortgage limits But now that the limits have been increased … Continue reading

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First Time Homebuyer Grants for Police Officers, Veterans and Military in SCV and SFV

First Time home buyer Grants for Police Officers, Veterans and Military in Santa Clarita and San Fernando Valley are now available as of May, 2013! Are you a police officer, Sheriff, CHP, active military or Veteran looking to buy a … Continue reading

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I can pick my own interest rate?

I can pick my own interest rate? How come other lenders haven’t told me that I can pick my own rate? Before I get into the rates and fees, make sure you check to see that the loan professional you … Continue reading

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$4,000 Grant for First- Time Homebuyers who buy within the San Fernando and Santa Clarita Valleys!

$4,000 Grant for First- Time Homebuyers who buy within the San Fernando and Santa Clarita Valleys!   The Southland Regional Association of Realtors is currently offering grants to qualified first-time home buyers who purchase an REO/foreclosure or short-sale property, or an … Continue reading

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There is a fire sale on real estate!

There is a fire sale on real estate! Bloomingdales is having a sale!  90% off everything in the store!  But I think I’m going to wait? Wait….for what? I think they might have a 95% off sale……okay…you wait for that, … Continue reading

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Is your Loan officer a Big talker but couldn’t pass the mortgage exams?

Is your  loan officer a big talker but couldn’t pass the mortgage exams! Lawyers pass the BAR exams in order to practice law.    CPA’s, Accountants and tax attorney’s all pass different tests in order to obtain their designations. Doctors , … Continue reading

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