Mortgage and Real Estate News

 National Homeownership Month actually started as a week-long celebration of homeownership during the Clinton administration in 1995. In 2002, President George W. Bush proclaimed June as theNational Homeownership Month. Here is an excerpt from his proclamation:  “Homeownership is an important par...

If you are planning on selling your home over the next two years, now may be the time to act. Demand is high, supply is low and many homeowners are benefiting from an almost auction atmosphere with several buyers fighting for their house in the current multi-bid environment. Higher prices and les...

VA loans offer very attractive benefits for our veterans and active military members and eligible spouses. Whether clients are first-time buyers or re-using VA benefits, this flexible, low-cost loan can accommodate a variety of situations. Highlights include: 100% financing on purchases up to VA ...

Credit card abuse is a quick path to financial distress. Being late on just one payment or going over your credit limit just a few dollars can enact fees and penalties that can set you back regarding balance repayment. And these dings on your credit report can lower your credit score.   Here are ...

Buying a home is on average 38% cheaper than renting in America’s 100 largest metropolitan areas, according to a recent study by Trulia. The savings accrued when buying as opposed to renting varied upon location. But homeownership remains cheaper than renting in all of the 100 largest U.S. metros...

Happy 2013 Everyone!!  This is one of the best overall, well-put-together, all-encompassing synopsis for the economic outlook for 2013 that I have read yet and thought I would share this with you.   Nationally Renowned Economist Elliot Eisenberg's Economic Outlook for 2013 January 15, 2013 By Ell...

by LC Wong Apr 02 2013   Close Your Loan Right Next Door….Quickly!    My last three purchase loans had closing documents to the title company well within two weeks of loan submission into processing.  Needless to say, my realtor partners were very happy in getting their commission checks early!  ...

by LC Wong Mar 8 2012 There’s been much talk that the rising gas prices will derail the economic recovery. I will play the devil’s advocate here and say that last year around this time, gas prices spiked as well and it was short-lived through talks with OPEC and we may see that happen again here....

by LC Wong Oct 16 2011 A fellow colleague of mine, Logan Mohtashami at Benzinga.com, had asked me what I thought the problem in housing was and what could be done to fix the housing problem and his query inspired this response: The biggest problem in housing involves many issues in our economy. F...