Real Estate News November 2011

 

 

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Katie Muck REALTOR® (DRE License
Number 00624729)
RE/MAX Palos Verdes
450
Silver Spur Road
Palos Verdes Peninsula,  CA  90274
310.703.1931
310.703.1999
Contact
Me

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Penthouse
Condominium
This one-level condo has no units on either side or above
it! 1784 sqft w/2 masters. $339,500

Stunning Ocean/Coast
Views
CAUTION: This view will take your breath away! 3BR/2BA home in
Palos Verdes Estates. $1,750,000
Why real estate price padding
doesn’t work in today’s market

Many sellers are in denial about the
current value of their home, particularly if they bought within the past five to
six years. The market peaked in the summer of 2006, and home prices dropped
significantly in most areas from 2007 through 2009.
more

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Should I
Refinance?
Estimate Payments
Fixed or Adjustable?
Should I Make Extra
Payments?
Will I Qualify?
How Much Can I
Afford?
Katie Muck
REALTOR®
RE/MAX
Palos Verdes
450 Silver Spur Road
Palos Verdes
Peninsula,  CA  90274

310.703.1931
310.703.1999
Contact
Me

Visit My Web
Site

Equal Housing Opportunity




Congress votes to restore FHA loan
limits

House and Senate leaders signed off on a conference report for a
“minibus” appropriations bill that included language restoring FHA’s ability to
insure loans of up to $729,750 in high cost markets through 2013. …more
Top six reasons mortgage
applications are rejected

Half of refinance applications are abandoned or
rejected, as are 30 percent of purchase mortgage applications, according to the
Mortgage Bankers Association. All told, the Federal Financial Institutions
Examination Council (FFIEC) says that well over 2 million mortgage applications
were rejected last year. …more
Avoid credit dings when mortgage
shopping

Borrowers in distress often contact many lenders hoping to find
one who will approve them. For this reason, multiple inquiries can have a
negative impact on a consumer’s credit score. …more
Three mortgage mistakes you can
avoid

The mortgage market is in a state of tumult these days. Rates are
bizarrely low, but many homes are worth much less than the mortgage balances
they secure. …more
Four ways to avoid refinance
rejection

“My application to refinance my $200,000 loan was recently
turned down … do I have any recourse?”
more

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