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First Time Buyers

Mortgage Approval-Daily Temecula Real Estate News

by Monica Atherton May 12, 2011 Buyers

Borrowers without the income required to qualify for the mortgage they need have many possible options. “Income adequacy” is governed by general guidelines that can be adjusted to meet individual circumstances. It is “softer” than the down payment requirement, discussed last week.

Maximum debt-to-income ratio

The measure …

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TEMECULA Real Estate News-What to know about Debt

by Monica Atherton May 9, 2011 Buyers

Q: I think I already know the answer to this, but it doesn’t hurt to ask. What do you think about having your debt consolidated into a real estate mortgage loan? I would like to buy property, but my debt is what’s holding me back. Most …

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Real Estate News in Temecula-Homebuyer Education and Counseling

by Monica Atherton April 29, 2011 Buyers

Potential homeowners who participate in pre-purchase education and counseling programs may be more likely to pay their mortgages on time, although the evidence on this point is not consistent and compelling, according to a study released today by the Mortgage Bankers Association (MBA). The study also finds …

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Rent vs Own – Temecula Real Estate-Temecula Homes For Sale – Temecula Houses

by Monica Atherton April 29, 2011 Buyers

To rent or to buy:  what used to be a given – that you would buy a home as soon as you could afford to – has become an agonizing conundrum for many a would-be homebuyer, in the face of the housing market’s big bust and super-slow recovery.  Low …

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Temecula Real Estate News-Advice for First Time Home Buyers

by Monica Atherton April 15, 2011 First Time Buyers

Whether you are buying a $99,000 condo or a $300,000 home you will want to do the following things:

Decide on a Location.  I know….Location, Location, Location!!!   You will want to know the area where you would like to live.  Take drives through the different neighborhoods that you are considering at different times of day and …

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The Home Buying Process

by Monica Atherton March 5, 2011 Buyers

Are you a first time buyer?  Here is a Step-by-Step Approach to purchasing your first home.

The home buying process can be a little overwhelming especially for a first time buyer.  The steps below are the most important steps to follow:

1. Choosing Your Realtor

Finding and Meeting the right Realtor is key.  Your Real Estate …

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