San Francisco Real Estate and the Holidays

Are you thinking of buying or selling your home? Perhaps you’re expanding and considering your current home as an investment property and entering it in the rental market? The 4th quarter is historically filled with low-inventory and quiet real estate offices. The holidays are a wonderful time to begin exploring your options. To begin, set your financial house in order. File tax returns early to ease the process and align with a trusted mortgage lender. Connect with your financial planner

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Lenders resist the work of a pre-approval… what’s the difference?

From a November 12th NYT article FOR some people, an important first step in buying a house is getting a mortgage preapproval. That’s so true, my sellers and I want to see your preapproval letter with your offer. But prevetting has become more difficult and confusing these days, for borrowers as well as lenders, as a result of lending rules that took effect in January. The rules from the Department of Housing and Urban Development require lenders to issue a

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1st Time Homebuyers Tax Credit revised to help SF purchasers

The $8,000 credit was scheduled to expire on Dec. 1 2009 but will now be in effect through the end of June 2010. Homebuyers must sign a contract before April 30 and close by June 30, 2010. The income limits were also raised: Single buyers can now earn up to $125,000 and still get the full credit while a married couple can earn $225,000. The bill also made more homeowners eligible to claim the credit on their taxes. First-time buyers

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Credit Cards and FICO Scores

This one has always bugged me. And the FICO folks don’t seem to see the irony in it (meaning, they have no plans to change it)… NPR’s Planet Money blogged about this today, and I think it’s worth posting, as I imagine that many are not aware of the ramifications of doing something that would seem like the ‘right thing to do’. Basically, if you close a credit card account, it hits you negatively in multiple ways. First, it stays

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