Carlos Silva's Real Estate Blog

VA Loans: PROGRAM SUMMARY: The Veterans Administration loan program enables veterans and active duty personnel to purchase or refinance a home with favorable loan terms. VA offers fixed- and adjustable-rate mortgages that can accommodate no down payment on many purchase transactions. The VA Inter...

Spoke with one of the lenders I work with this morning.  After informing me of the raised minimum FICO score for FHA, to 640, he explained it would make more sense, across the board, to have our buyers go with a Conventional Loan at 5% down, as opposed to 3.5% fown on an FHA. Some of the advantag...

As FHA has gained ground these last couple of years, I've been asked this question quite oftne.  Here are some guidelines regarding the removal of MIP... Canceling FHA's Annual Mortgage Insurance Premiums  o Cancellation based on Initial Amortization Schedule:  Effective for all loans closed on o...

FOR SALE:  1.6 ACRES of useable, flat land in the city of Fontana, CA. Priced at $155,000. This property is a short sale, and only has one loan!  Should go relatively quick and smooth. Showing is by appointment only, please contact CARLOS SILVA, at (909) 224-5391, for showing instructions. House ...

This is a question that a lot of first time buyers and people who are just staring to get back on their feet, are contemplating right now. When is the time right to buy? If you listen to the news they will tell you the market has not hit bottom yet, which I believe is to be true. There is no crys...

Are you preparing to sell a house or condo? If so you likely know the importance of properly preparation and making it look just right. After all, in today's house market you are challenged to take every possible action to turn your house into the one that sells. One of the important steps is to ...

It does not take too much time or money to add the wow factor to any room. Making your home look nicer is actually very easy and can be accomplished without the need to hire an interior designer or spend a months salary on expensive new wallpaper. Here are 10 tips that will help you brighten up, ...

Talking Interest Rates! I constantly receive cals day in and day out, with folks asking me about refinancing into a fixed mortgage. As well all know, there are many borrowers out there, who are willing to stick it out and stay in their home, even though they owe more than the home is worth. The H...

A past filing of bankruptcy does not mean you can’t buy real estate again in Rancho Cucamonga. We can help you get a mortgage or find other ways to buy a home, if you do get turned down for a traditional mortgage. So if you are in the market to buy in Rancho Cucamonga, Fontana, Ontario, Upland, C...

Another short sale in Rancho Cucamonga just closed by Carlos Silva!  I have come to find out that the short sale training and certifications are key to closing the short sales.  The banks are constatntly changing their short sale guidelines and will continue to do so! Take those extra few minutes...