Money Talk

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Six Must Haves For Loan Approval

by ritasimpson April 1, 2012 Money Talk

Whether you are buying a home in Malibu or refinancing your existing home, here is some insight on what you need to get a loan approval.

Interest rates are hovering around historical lows, and low interest rates increase affordability, making it easier for buyers to qualify. Yet stories of buyers waiting months to gain loan approval …

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6 Home Deduction Traps and How to Avoid Them

by ritasimpson March 16, 2012 Money Talk

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How to Claim Your 2011 Energy Tax Credits

by ritasimpson March 16, 2012 Money Talk

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Facts on the 3.8% Health Care Tax

by ritasimpson March 12, 2012 Money Talk

Lots of misinformation about the new rule is circulating. Here is a brochure that explains it all. The health care legislation enacted in 2013 included a new tax that was designed to affect upper income taxpayers. The 3.8% tax is imposed ONLY on those with more than $200,000 of Adjusted Gross Income (AGI) ($250,000 on …

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Buying a Condo In Malibu?

by ritasimpson March 12, 2012 Money Talk

If You need and FHA Loan to buy property in Malibu or elsewhere  start moving. You must nail down your FHA money and Seller contribution negotiations as soon as you can because later looks a Lot more expensive! FHA Loans poised to cost more.

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Hurry On FHA Loan To Buy Your Malibu Home

by ritasimpson March 2, 2012 Money Talk

FHA loans offer what you just can’t get anywhere else – up to $729,750 loan with as little as 3 ½% down.  Of course that’s why they charge for mortgage insurance.

 

Good that you can finance the upfront fee (current 1% of the loan amount) but now the rate is going up, and very soon.

 

Buyers  interested in …

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How Much Will You Save Buying a Foreclosed Home?

by ritasimpson February 21, 2012 Money Talk

Deeply discounted prices often lure buyers to foreclosed homes. But please do your homework before plunging in.

Builders are putting a lot of effort these days educating buyers about the often hidden costs of buying foreclosures. One large builder has put together an interactive “foreclosure calculator” You can find it at www.fultonhomes.com/foreclosure-calculator. The calculator uses expense …

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Itching to Buy After a Short Sale? Here Are The Options

by ritasimpson February 21, 2012 Buying My Home

For the many  that were forced to sell their homes through a short sale,  had their credit rating go down in the low 600s and had to move to a rental, there may  still be a chance to buy  and  to live in their own house again. Here are the options to get a new …

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Walk Away or Not Walk Away, That Is The Question

by ritasimpson February 16, 2012 Money Talk

There’s a moral component to that decision, of course. People naturally feel embarrassed about breaking a contract and not paying their bills; no one wants to be branded a deadbeat. But remember that companies default on their obligations when it makes financial sense for them to do so, via the bankruptcy process. Even the Mortgage Bankers …

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What Homeowners Need to Know About The Mortgage Deal

by ritasimpson February 10, 2012 Money Talk

The mortgage settlement may be setting new standards for loan servicing but for many it’s too little too late. Nevertheless it will help many homeowners struggling with their mortgages, and will take off some pressure off the economy by easing the strain on pocket books. Here’s what you need to know on the deal:

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