Temecula CA home loans, real estate loans, home finance information – George Moring

mortgagewithgeorge Blog

Happy Thanksgiving! and Early December 2009, Five year fixed rates very low.

December 15th, 2009 10:21 AM

George Moring rates overall on a negative path last week (good news on unemployment and consumer confidence). Little advice: Always discuss tax laws with a professional (not an agent or Lender). Think the first time credit is pretty simple? Did you know that if the buyer is a dependant on someones taxes they can't get it??? That's tax law for you! December 14 at 11:58am

George Moring what a beautiful weekend to lead us into rain today. Gotta work anyways right, might as well be raining. Rates trended a little worse this last week, but still in those low ranges, certainly nothing to complain about.

George Moring What a crazy month November was! Rates are awesome right now and we now have a source with 5 year fixed in the mid 3% range! Maybe we forget too soon???? Jumbo's have also gotten much better, but NO, stated income is not on the radar at all. December 1 at 11:35am

George Moring Is the month over already? That is how you have to work these last few days, huh. How many people do you think want to close before the 4-day weekend? yep, everyone! Sorry to say, but there are gonna be some bottlenecks at every stage (especially the banks as sellers, probably all taking the week off). November 20 at 2:21pm

George Moring Just checked out if a condo was VA eligible. It is easy, and a public site, fill in the info on this site http://condopudbuilder.vba.va.gov/2.2/frames.html but it is a little quirky, like willowhaven won't show up because it is willow haven so I can check them for you if you want to make sure. Also, all these faceboo...k posts are copied to my website http://www.mortgagewithgeorge.com/MyBlog in case you wanted to find something like this in the future.

George Moring

By the way, if you haven't run into it yet, condo's are tough on financing right now, FNMA has tough rules, FHA has tough rules starting 12/7/09, so VA and cash may be the only way for some of these communities (attached condo's only; PUD's are OK or detached condo's are OK)

November 18 at 11:27am

Posted by George Moring on December 15th, 2009 10:21 AMPost a Comment (0)