We have to document money in a checking, savings, or investment cash account(s) equal to or in excess of the money you need to close.  Please don’t move money around.  All we need to see is that you have the funds to close.   Bank Statement:  This document shows 30 days of transactions and…

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Here at the RED Team, we advise our Buyers what to do as well as what NOT to do when applying for a Real Estate loan. Together with Taylor Ortiz, Sr. Loan Officer at Fairway Mortgage, we have compiled a “what not to do” list during the beginning stages of applying for a loan through the closing…

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Weekly Mortgage Memo Products/Industry News: We’re collecting more and more information about borrowers. On new construction I send the buyer a list of things to keep in mind as the home is being built. This is also a good idea for anyone who is shopping for a home. Here then are the Ten Commandments of…

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The RED Team has been BUSY BUSY this past week and therefore, I keep forgetting to update the blog. Sorry everyone. I will try to do better this week! Also, if you are looking to buy a home or sell your home, call us! We have some great new homes on the market and some…

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  Well, I told you so….Yes, fears over Greece calmed down and rates ticked up.  But don’t you worry.  There was more bad news out of Europe this week as the International Monetary Fund is asking for more money, implying that they don’t have enough money to stop a meltdown in Greece, Italy, Spain and…

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It was a rather quiet week regarding economic data.  The big news was Greece.  Apparently they have agreed upon a solution to handle their debt…but that is BEFORE their elections, which happen soon.  No one knows if the resolution will stick or not.  So the markets reacted accordingly and at the end of the week,…

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It was another good week for U.S. economic data as January ended on a high note:  A robust gain of 243,000 payroll jobs (well above the consensus); A drop in unemployment from 8.5 to 8.3 percent; An increase in the ISM manufacturing AND non-manufacturing indices; And finally, an improvement in year-end housing starts.  This continues…

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It’s the flight to safety effect coming into play again this week as the S&P index has dropped approximately 10% and fears continue over Greek and  Portuguese debt.  The flight to safety occurs when investors become less concerned with a rate of return and more concerned with just keeping what they have.  The US bond…

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Right now is a great time to buy a home because there are an abundance of homes on the market, prices are affordable and interest rates are awesome! I was reading on the “Steve Sjuggerud’s Daily Wealth” website today about how he thinks right “now is literally the best time in recorded history to buy…

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More good news this week as retail sales came in better than expected. The core producer price index came in showing some inflation at a year over year rate of 2.1% and the core consumer price index came in at 1.3, up slightly from last month.  These are all signs that the economy continues to…

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