Shopping for a mortgage has just gotten simpler.

Shopping for a mortgage has just gotten simpler.

Lenders are now required to use easy-to-understand forms providing basic loan terms and good-faith estimates of closing costs. And closing agents are required to provide a settlement statement that clearly compares borrowers' final and estimated closing costs, according to the U.S. Department of Housing and Urban Development.

The new rules, added to the Real Estate Settlement Procedures Act, went into effect Jan. 1.

The new, simplified documentation is aimed at helping consumers fully understand the terms of a mortgage and more easily compare loans from different lenders. It also reminds consumers that they can shop around for the various required closing services, instead of simply accepting their lender's suggestions.

Andalusia and Monteluz Communities at 4S Ranch

Model home tours, refreshments, face painting, prizes, and more!

4S Ranch is sponsoring a FREE, fun, family event to celebrate the grand opening of California West Communities’ new neighborhoods Andalusia and Monteluz at 4S Ranch. The event includes:
• Model home tours
• Food
• Face painters
• Local vendors
• First 25 attendees at each neighborhood will receive a door prize
• $50 gift card giveaway to a 4S Commons store every hour
• And more!

WHEN:
Saturday, January 30th, 11 am – 2 pm

WHERE:
4S Ranch – Andalusia and Moneteluz neighborhoods.
4S Ranch is located about 25 miles north of downtown San Diego. Voted San Diego’s best new-home community by readers of the San Diego Union –Tribune. Developed by Newland Communities, 4S Ranch encompasses about 1,700 acres and currently has about 3,800 homes, five parks, two elementary schools, one middle school, and a new high school. If you are looking for a new home this is it. Great Incentives.
Give me a call for additional information.
Brian McDaniel
RE eBroker, DRE# 01832434
858.349.7349
56homes@gmail.com

What You Can Do to Improve Your Credit

What You Can Do to Improve Your Credit

Credit scores, along with your overall income and debt, are big factors in determining whether you’ll qualify for a loan and what your loan terms will be. So, keep your credit score high by doing the following:

1. Check for and correct any errors in your credit report. Mistakes happen, and you could be paying for someone else’s poor financial management.

2. Pay down credit card bills. If possible, pay off the entire balance every month. Transferring credit card debt from one card to another could lower your score.

3. Don’t charge your credit cards to the maximum limit.

4. Wait 12 months after credit difficulties to apply for a mortgage. You’re penalized less for problems after a year.

5. Don’t order items for your new home on credit — such as appliances and furniture — until after the loan is approved. The amounts will add to your debt.

6. Don’t open new credit card accounts before applying for a mortgage. Too much available credit can lower your score.

7. Shop for mortgage rates all at once. Too many credit applications can lower your score, but multiple inquiries from the same type of lender are counted as one inquiry if submitted over a short period of time.

8. Avoid finance companies. Even if you pay the loan on time, the interest is high and it will probably be considered a sign of poor credit management.

Home Front: Door closed on California tax credit for new homes this year - Sacramento Business, Housing Market News | Sacramento Bee

Home Front: Door closed on California tax credit for new homes this year - Sacramento Business, Housing Market News | Sacramento Bee

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Not Ready to Buy a Home Yet...Take Action

TELL CONGRESS TO EXTEND & EXPAND THE HOMEBUYER TAX CREDIT

With the federal tax credit for first-time home buyers set to expire December 1, 2009, now is the time to take action to tell your Congressperson and your Senators to extend and expand the Homebuyer Tax Credit. According to NAR, the tax credit has brought approximately 1.2 million new buyers into the market nationwide since its inception. And according to a CAR survey, nearly 40 percent of California first-time home buyers reported they would not have purchased a home without the tax credit.

Go Los Pen Academy

another great reason PQ is a great place to live

penasquitos rocks ...check out our PUBLIC elementary school http://bit.ly/8RJpc

Putting Clients First

I am dedicated and driven by the relationship that I develop with each client. I put my clients interests first and focus on providing a level of service beyond expectation. I understand the importance of your time. I make myself available, work around your hectic schedule and do a lot of legwork so your valuable time is not wasted. I will make buying or selling your home an effortless experience!  I will provide you with turn-key service to ensure your desired results. I look forward to the opportunity of becoming your trusted real estate resource.
Thanks for looking.

Brian
858-349-7349