Allison and I always state the first step for a prospective home owner is to get qualified for a loan! We recommend many great lenders on our weekly radio talk show. Here are rates from friend Otto Kobler of Summit Funding. Up just a tick. But spectacular nevertheless!
Mortgage Rates for May 27, 2016
FIXED AND ARM CONVENTIONAL PROGRAMS
30 Year Fixed Conventional
15 Year Fixed Conventional
5/1 LIBOR ARM Conventional
7/1 LIBOR ARM Conventional
JUMBO PROGRAMS ($417k +)
30 Year Fixed
15 Year Fixed
5/1 LIBOR ARM
7/1 LIBOR ARM
FHA/VA FIXED PROGRAMS
30 Year FHA/VA
15 Year FHA/VA
Assumptions include: 1% origination point and 0% discount fee, 20% down payment (Conforming), 25% down payment (Jumbo), Escrows required (if not escrows, higher fees may apply), purchase transactions on primary residence, 30 day closing, debt to income ratio <=40%, full documentation of income/assets. Conforming rates based on loan amounts greater than $200,000. Minimum Fico 740 Conventional – 640 FHA/VA. Other Programs, Loan Amounts, Credit Score and Down Payments are available. Call for details!
Changes at the PRMD (Sonoma County Permit Department),
Changes to the Vacation Rental Ordinance,
And, what about those Un-permitted repairs and alterations when you go to sell your house! These topics and more will be discussed with Real Estate Hour favorite, Tom Havstad.
Tune in..have a little fun…and, learn a lot.
Tom Havstad; Long time local Sonoma County Permit Consultant and property owner advocate. Tom Brings a wealth of knowledge to the Real Estate transaction, and to homeowners just trying to sort things out.
Permit Consulting Services for Sonoma Marin and Napa – Permit Consulting Services offers professional assistance at your building department. We know the process and we will advocate for you. Our expertise comes from decades of experience in all phases of plan and permit processing.
You may need help with building or zoning permits, or you may just need to understand what permits were taken out for work done in the past. If you need plans drawn in order to pull a permit, we can do those for you also. We’ll handle the whole process, start to finish, or we’ll coach you through it. And you can believe this, it’s not getting any simpler. You’ll save time and money by getting a professional on your side.
Attorney Roy Johnston joins Allison again to discuss an interesting, and slightly frightening (because it’s way too easy) way to take title to a property in California; The Revocable Transfer on Death Deed. Roy will explain the good and the bad.
Additional topics to include, the Probate process for the sale of real estate, and how to avoid probate all together. There are several different types of probate sales; Those with no court confirmation required, and those with court confirmation, and then there’s the somewhat confusing over bid process.
Johnston | Thomas Attorneys at Law
1400 N. Dutton Avenue, Suite 21
Santa Rosa, CA 95401 Phone: 707.545. 6542 email@example.com
We are delighted to have on old friend of the show Mr. Pete Phillippe in studio this Sunday for Mother’s Day. Pete and I go back many years and no finer lender will you meet. We’ll be talking up interest rates and see what the folks over at US Bank have in the way of interesting products. Email Pete for all your lender questions.
Here are Sonoma County April Sales information. Big take-aways? Lack of inventory but increasing, Median home price up “only” 6% over last year. 1.5 Month’s Supply of Inventory (4-6 months is considered “normal”.
Average Days on the market is a remarkable 42 days. Note how this number has been dropping. Blame low inventory and big Buyer demand due to historically LOW interest rates in the upper 3% range.
Homes for sale by month is down -10% over last year–c’mon–let’s get those homes on the market!
New properties coming to the market is down slightly.
Indicator of future activity is the “Under Contract” properties down -5% over last year. Hmmmm?
Sold Properties by month is down -13%. This with historically low rates? Price wall happening?
Median Home price shows dramatic slowing of higher price activity.
Listen to Mike and Allison on "The Real Estate Hour", Sundays, 9 to 10am PST, KSRO, 1350AM or 103.5 FM and www.KSRO.com