Tag Archive for: homebuying

Contingencies for Buyers in California

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Contingencies are clauses written in real estate purchase agreements and contracts that give buyers a way to “back out” if they decide they no longer want to move forward with the purchase. Contingencies are very common in California real estate contracts.Read More

What Borrowers Need to Know about Escrow and Prepaid Items

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Many borrowers are confused when it comes to prepaid items and escrow accounts and what role they play when it comes time to figuring out closing costs. Here is a breakdown of all the information borrowers need to know about escrow and prepaid items for their home loan.Read More

How Do Earnest Money Deposits Work?

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First-time homebuyers often have questions about earnest money deposits. Here’s a breakdown of everything buyers and sellers should know about earnest money deposits and how they are used in a mortgage transaction.Read More

Our Personal Experience With Big Bank Financing; Not So Good

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Heejin and I are buying a property in Texas. B/c JVM is not yet licensed in Texas, we pursued financing with other lenders. B/c we are well qualified, Heejin submitted […]Read More

Watch Out For Loan Limit Changes When Crossing County Lines

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We recently had an FHA approved buyer cross the bridge from Contra Costa County to Solano County to make a $600,000 FHA offer on a property. This price would have […]Read More

Benefits of Buying Now – Again; Fence-sitters

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One of the most effective elements of our Homebuyers Seminars is explaining the benefits of buying now. We are repeating some of our reasons again, as we continue to see […]Read More

If a Buyer Is “On” The Loan, He Must Also Be “On” Title; “Title Only” Always OK

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We often get questions about whether buyers can be on the loan, but not on title and vice versa (on title but not on the loan). If a borrower is […]Read More

Supplemental Tax Bills Often Blind Side Borrowers

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Supplemental Property Taxes Homebuyers are often caught off-guard by Supplemental Property Tax Bills. To avoid this, we recently added the below section to our website, and we have made “Supplemental […]Read More

Rates May Fall per Forbes; Should Buyers Wait? No! No Cost Refis

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Gary Shilling in a recent Forbes column (Dec. 6 issue) said that he thinks the markets massively over-reacted to Mr. Trump’s election. He points out that the root causes of […]Read More

Share Our Stuff, Please! Educating Buyers w/ Awesome Content

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A borrower told us last week: “I asked the same question to three other loan officers before I read the FAQs on your website, and none of them came close […]Read More

Borrowers Should Postpone Vacations During Short Escrow Periods

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We have a surprisingly large number of borrowers who use our fast closing periods to get their offers accepted, but then somewhat cavalierly wander off on vacation after their contract is ratified.Read More

How to Buy Now Before Selling Current Home?

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We are repeating a previous blog b/c we are getting so many related questions lately. HOW TO BUY BEFORE YOU SELL (buy a new home before you sell your current […]Read More

Do Sellers Care About Buyer’s Intentions? Yes. Great Story

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One of our Realtors told us a great story yesterday. His potential buyer ran into a seller during a home-viewing, and the buyer mentioned to the seller that he intended […]Read More

How to Buy New House Before Selling Old House

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We often have borrowers in a hurry to buy a new home before they sell their existing residence. Here are the options for borrowers not wanting to sell their existing […]Read More