Mike’s Real Estate Show

The following is our Interest Rate update for this weekend’s real estate shopping!! Rates are at the closing of business today. Happy House Hunting! Read the rest of this entry »

  The following comes from Marc Kahn a lender here in Santa Rosa. Wise words which enable a buyer to get the good deals being offered in today’s heavily favored “Buyer’s” market.   Read the rest of this entry »

Good morning!!

  As some of you know I moderate the Santa Rosa Chapter of Realtors Tuesday Market Breakfast at the Flamingo Hotel. I’ve been doing this for many years. My radio show and my weekly “stand-up” gig keep my frustrated actor angst at bay! Of interest to you, as a homeseller, is the amount of buyers now being represented at this breakfast. Read the rest of this entry »

Good Morning!
  The following is from Alicia Hodefield of Investor’s Trust Mortgage showing the wide range of loan products now offered. If you’ve any questions on qualifying for a home or refinancing give her a call!

Read the rest of this entry »

  Yes, you’ve heard me talk of this property and its time has finally come. Looking at the actives on the market today I realized they can’t hold a candle to this stunning, impeccably kept home of single story on a totally useable, landscaped, garden festooned 1.20 acre parcel. The home, just under 2,000sqft, boasts remodeled Master Bath and Kitchen. The Kitchen is to die for!! Go to the following link ONLINE LINK TO THE TOUR:
  http://www.Obeo.com/308924
for a virtual tour and then get to the open house at 52Balma Lane for a preview. Price: $859,900. The ower buy-down considerably lowers your montly payment for the first year saving you over $11,500 in the first year! Use this for the buy down or for a credit towards closing costs or the stated buy-down program. Directions: Take hwy 116 out of Cotati, west towards Sebastopol, make a left onto Stony Point, go past the historic Washoe House and make a right onto Meachum Road to Balma. Look for my MikeKelly.com bright red Keller Williams Open House signs.

Harry Coffee. Investor’s Trust Mortgage, is with us today on the show to explain the new “Home Loan Accelerator” program he is offering. This is a unique program which uses the weight of your entire checking account to knock down the principal amount on a monthly basis thus effecting the amount of interest you’re paying day to day on your loan. The link above gives you a great understanding of this new loan product and Harry can help you realize the implementation of this unique loan pay-off method into your financial picture. Give Harry a Call at:

707-284-2978

Rates as of 1/19/07

   fully amortized  interest only
Conforming
30 year fixed  6.125%   6.375%
3/1 ARM  6.375%   6.625%
5/1 ARM  6.25%    6.375%
7/1 ARM  6.125%   6.375%
10/1 ARM  6.25%    6.625%

   fully amortized  interest only
JUMBO – up to $650,000; add .25 point for loans up to $1mil
30 year fixed  6.375%   6.5%
3/1 ARM  6.5%    6.625%
5/1 ARM  6.5%    6.625%
7/1 ARM  6.75%    6.875%
10/1 ARM  6.75%    6.875%

100% financing  1st           2nd
                       6.5%    10.625%
(30 year fixed first/fixed 2nd 30 due in 15; based on conforming limits for the 1st – up to 80% LTV; up to 100% CLTV for 2nd

Blend 100%  7.875% (NO Mortgage Insurance)

Here’s the fine print:
Rates assume impound account set up and except for 100% financing, assumes loan to value (LTV) no more than 80%.  Funds to be used for purchase.  Cash out refinance may incur higher rates.  Rats quoted with a 30 day lock.  Subject to qualifying borrowers and properties.  Assumes full doc loans.  Rates are as of 1/19/07 and are subject to change.
Rates are quoted WITHOUT points.  Borrowers may buy down the rate.  Each application is evaluated on an individual basis.  There may be better suited programs for borrowers the may offer better rates/terms as well as options for non-qualifying borrowers.

Alicia Hodenfield
Investors Trust Mortgage
(707) 284-2718 direct line
alicia@investorstrust.com
www.aliciahodenfield.com

Friends and Listeners,

  Don’t forget our call-in number: 707-636-1350. No question is out of bounds for us–as long as it’s real estate related!! No advice for the lovelorn (unless you’re real cute!)  Are you enjoying this beautiful “destination county” weather of ours? Sonoma County is known as a “destination” all over the world. When I was taking the Certified International Property Specialist designation classes in Paris, France last summer I’d mention Sonoma County and the French would nodd their collective heads approvingly. Now granted, it was a bit chilly out there the past couple of weeks (I had a heater running in my pump house to protect my delicate pipes!) we’ve had two glorious days of “go-by-a-home” weather! Read the rest of this entry »

Our guest today is Bennett Valley specialist Bret Menze (bretmenze@kw.com) 318-9300 Cell or Office: 206-4610.

Bret Specializes in the Bennett Valley area and we will discuss this micro-market in the larger context of the overall real estate marketplace. Brett was one of the charter members of Keller Williams here in Santa Rosa and has been in real estate now for 4 years. He’s gone from a super, blazingly hot market to the current state of affairs. His insights and experience in both is vital to his client’s decision making.

Rates as of 1/12/07

Provided by Investor’s Trust Mortgage

Alicia Hodenfield

This week as bonds traded lower, rates went a bit higher. I will be watching what happens next week.

conforming Fully Amortized Interest Only
30 year fixed 6.25 6.5
3/1 ARM * 6.375 6.625
5/1 ARM * 6.25 6.5
7/1 ARM * 6.375 6.625
10/1 ARM                                  6.375            6.625
jumbo up to $650,000; add .25 point for loans up to 30 year fixed                            6.375           6.625
3/1 ARM 6.375 6.5
5/1 ARM 6.5 6.625
7/1 ARM 10/1 ARM 6.75 6.75 6.88% 6.88%
1st 2nd
100% financing 6.5 10.625
(based on conforming limits for the 1st, up to 80% LTV for 1st and 100% CLTV)
Here’s the fine print:
Rates assume impound account set up and except for 100% financing
assumes loan to value no more than 80% and funds to be used for purchase
Cash out refinances may incur higher rates.
Rates also quoted as a 30 day lock.
Subject to qualifying borrowers and properties - assumes full doc loans
Rates are as of 1/12/07 and are subject to change
Rates quoted are with out points. Borrower may buy down rate
Each application to be evaluated on an individual basis. There may be better
suited programs for an individual that may offer better rates.
Direct line (707) 284-2718 

Cell (707) 483-6299 

Fax (707) 573-8109