October 19th, 2007 . by Mike Kelly
Taken from TruliaVoices.com and a question from a consumer: Should I buy a home with a 500 credit score!!
What credit scores tell us and the lender, is your ability to manage your debt and credit. Having a 500 credit score is not indicative of someone who has yet learned to do this. I think it is in your best interests to practice managing your credit with unsecured debt and car loans before getting way over your head with a major home purchase! Consider this: a credit score of 720+, really great credit score, will get you an interest rate of 6.30% and using a $200,000 loan your principle/Interest payment will be $1,238.00. Your current credit score of 500 will get you an interest rate of 13.379!!!! payment of $2,272. Over the course of the loan you’ll payment amost $400,000 MORE in interest payments!! WHY DO YOU WANT TO DO THIS!! Read the rest of this entry »
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October 18th, 2007 . by JoetheSportsGuy
The League Races are halfway home and while the North Bay League has a clear favorite, the Sonoma County League has four teams with one loss meeting each other this week, trying to keep pace with undefeated Healdsburg. Read the rest of this entry »
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October 17th, 2007 . by Mike Kelly
Top 10 REASONS WHY NOW IS AN EXCELLENT TIME TO SELL and BUY!!
1. If you are a move-up buyer, you are saving more dollars than you have to give up selling your existing lower priced home.
2. You can look and look until you find the right transaction for that replacement home.
3. You will get more money now than in February or March. (read the rest!!)
Read the rest of this entry »
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October 16th, 2007 . by Mike Kelly
Mortgage Forgiveness Debt Relief Act of 2007
On September 25, 2007 Chairman of the House Ways & Means Committee, Rep. Rangel (D-NY) introduced his own mortgage cancellation relief bill, H.R. 3648, the Mortgage Forgiveness Debt Relief Act of 2007. H.R. 3648 would remove taxes from mortgage cancellation relief provided on a mortgage on a primary residence. The tax relief would apply to the original purchase price, plus personal improvements of a primary residence and would not cover any amount over the original purchase price if a loan has been refinanced with a “cash out” option. The relief would also only apply to first mortgages, not second mortgages or home equity lines of credit. The relief would apply to any forgiveness given on or after January 1, 2007. H.R. 3648 passed the House on October 4th by a vote of 386-27. Read the rest of this entry »
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October 15th, 2007 . by JoetheSportsGuy
As you know by now Cal missed a wonderful oppurtunity to get the No. 1 ranking in the country. Read the rest of this entry »
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October 15th, 2007 . by JoetheSportsGuy
It was billed a big week and it was…especially Read the rest of this entry »
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October 11th, 2007 . by JoetheSportsGuy
A nice rebound after a disaster week, although wouldn’t of mind missing two more if the Niners would of won their thriller and the Cowboys would of lost theirs. Speaking of the Niners, good timing for a bye. Need a week off from watching their weak game.
LAST WEEK: 11- 3 78.6%
SEASON: 50-26 65.8% Read the rest of this entry »
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October 11th, 2007 . by JoetheSportsGuy
This, at least on paper, is the by far the biggest week of the season so far, with two huge matchups in both leagues….Of course, any week that has the annual Cardinal Newman-Montgomery game…means big week… Read the rest of this entry »
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October 10th, 2007 . by Mike Kelly
Important “help” telephone numbers dealing with loan problems
Standard # for loan information is 1-888-446-6390
Current Countrywide customers : Loan administration 1-800-669-6650 if already delinquent ( includes short sales/ work outs/ Foreclosures ) Read the rest of this entry »
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October 10th, 2007 . by Mike Kelly
How to “Freeze” Your Credit Files
If you live in California, you have the right to put a “security freeze” on your credit file. A security freeze means that your file cannot be shared with potential creditors. A security freeze can help prevent identity theft. Most businesses will not open credit accounts without first checking a consumer’s credit history. If your credit files are frozen, even someone who has your name and Social Security number would probably not be able to get credit in your name. Read the rest of this entry »
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