Author Archives: Colleen Craig

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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What is a Supplemental tax bill?

What is a Supplemental tax bill from the Los Angeles Tax Assessor’s office?   In Los Angeles county taxes are paid on a fiscal year starting from July to June of the following  year. Taxes are assessed on the values … Continue reading

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No Cost Loan Myths

No Cost Loan Myths I recently had a client mention that they saw an advertisement from one of the big well known banks about a no cost refinance.  How does this work?  Why would some companies charge fees to purchase … Continue reading

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FHA Streamline 203k loan is a perfect program for foreclosure properties with minimal repairs

The streamline 203k is a perfect program for REO properties with minimal repairs. Did you know you can tell the bank that they will not be responsible for the repairs?  WOW!  The bottom line not to mention the headaches,  just … Continue reading

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