Interest Rates:

Rates have not changed since last August 2006. This is great for First Time Home Buyer's and those who got stuck in those variable ARMS. Can you say "OPTION ARM", what was a good idea now is probably killing your equity or pocket book. Jump into a Fixed rate fast. Since the refinance boom there have been some great programs that have been created to enter into a Fixed rate. No longer do you need to be a Full Documentation status to get a fantastic rate. Even Stated Incomes can capture that same rate as a person who is Full Documentation.

Sacramento Homes:

Sacramento has seen the median home in Sacramento still in the mid 300's and with the rise of Short Sales, Lenders who hold these notes are still not ready to just give the proprerty away. Homebuilder's have been giving great incentives to New Buyer's with Upgraded counters, carpet/flooring, and even landscaping the entire property. Home Auction as seen in Sacbee is becoming a new phenomen but the real truth is smoke and mirrors because the acutal price that they are trying to portray these properties is not the true price that either the Seller has agreed upon or will "SELL" at. Educate yourself on this new type of Real Estate Endevour before you think "it's a good deal."

Contact me at any time you want to talk or have me explain any of these process's to you. Happy 2007 and remember in 2008 you have to wear an earpiece while on your cell phone.