Rising utility bills can greatly affect a home buyer’s ability to afford a house, sometimes even more so than property taxes or home owner’s insurance. As such, a new bill introduced in the Senate is calling on lenders to start taking into account a home’s energy costs in standard mortgage ... » Learn More about Could Lenders Start Factoring in Energy Costs?
Mortgage Interest Rate Update October 28, 2011
http://www.youtube.com/watch?v=szhTTV0c-qo&feature=mfu_in_order&list=UL[/youtube Ron Henderson President/Broker of Multi Real Estate Services evaluates the present mortgage interest rate environment as of October 28, 2011. How are recent US economic reports & European economic issues ... » Learn More about Mortgage Interest Rate Update October 28, 2011
Carbon Monoxide detector law, refinancing and appraisals
Well, I'm trying REAL HARD not to be political, but it's getting tougher. CA Senate bill 183 is a mandatory residential Carbon Monoxide detector law that is now in effect. Since the state can't enforce all their new rules (or old ones), it appears that certain appraisers and/or lenders may be ... » Learn More about Carbon Monoxide detector law, refinancing and appraisals
Proposition 13 Proposed Changes and Unintended Consequences
http://www.youtube.com/watch?v=TcM3_BUKNVk Hello this is Ron Henderson, President & Broker of mres in Los Angeles. The other day i was at a meeting with John Noguez the Los Angeles county assessor. The primary topic of discussion was the potential modification of proposition 13 that's being ... » Learn More about Proposition 13 Proposed Changes and Unintended Consequences
Conforming High Balance Limits Expiring September 2011
http://www.youtube.com/watch?v=4Y32izPc5Yo Ron Henderson President/Broker of Multi Real Estate Services evaluates the effect of the expiration of the temporary conforming loan limits. If you have a loan amount between $417,000 and $729,950, and want to refinance, do so immediately. Rates are great, ... » Learn More about Conforming High Balance Limits Expiring September 2011