Before You Start Looking For Your New Home

Valley Springs Real Estate Advice Check your credit rating. Straighten out any errors before it’s too late. Determine a comfortable monthly budget for your new purchase, including down payment and monthly payment. Find a loan program that meets your needs and get pre-qualified (preferably … [Read more...]

Tips to Sell Your Home

Home Staging is marketing your most valuable asset, your home. It is crucial when you decide to sell your home you stage it before you put it on the market. Once you decide to sell your “home”, it becomes a “product”.  You have to merchandize the product just like every other product in the world is … [Read more...]

How to Improve Curb Appeal

 Home Selling Advice to Help You Attract Potential Buyers A large percentage of home buyers decide whether or not to look inside a house or take it seriously based on its curb appeal—the view they see when they drive by or arrive for a showing. You can help make sure they want to come inside your … [Read more...]

San Andreas Median Sales Price

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Mortgage Rates

The more you know about the mortgage process the better. Figure out your monthly payment by using the Mortgage Calculator. [mortgage title="Mortgage Calculator" mortgage_term="30"] … [Read more...]

C, D, E, F Terms

Cap: A limit, such as that placed on an adjustable rate mortgage, on how much a monthly payment or interest rate can increase or decrease. COFI: Acronym for 11th District Cost of Funds Index, a common index to which loans are tied. The COFI is tied to interest paid on savings … [Read more...]

G, H, I , J, L, M Terms

Ginnie Mae: A government-owned corporation overseen by the U.S. Department of Housing and Urban Development, Ginnie Mae pools FHA-insured and VA-guaranteed loans to back securities for private investment. Like Fannie Mae and Freddie Mac, the investment income provides funding that may then be lent … [Read more...]

N, O, P Terms

Negative amortization: When the payment on a loan is less than the interest that accrues on the principal. The balance of interest owed is added to the total loan. Origination: The process of preparing, submitting, and evaluating a loan application; generally includes a credit check, verification … [Read more...]

D-E Terms

D Debt - An amount owed to another. See installment loan and revolving liability. Deed - The legal document conveying title to a property. Deed-In-Lieu - A deed given by a borrower to the lender to satisfy a debt and avoid foreclosure. Also called a "voluntary conveyance." Deed Of Trust … [Read more...]

F-G Terms

F Fair Credit Reporting Act - A consumer protection law that regulates the disclosure and use of consumer credit information, establishes rules for credit reporting to consumer credit reporting agencies, and establishes procedures for a consumer to view his or her credit report and correct … [Read more...]