Money Talk

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Refinancing Aid Will Boost Malibu Market

by ritasimpson February 1, 2012 Money Talk

Obama’s bid to help borrowers current on their mortgages refinance their homes will be a boost to the entire economy.

While mortgage rates have tumbled to their lowest levels on record, many borrowers haven’t been able to qualify either because their homes lost value or they lost income. However with this plan a credit score of …

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Refinance your Malibu Jumbo Now and Save!

by ritasimpson January 3, 2012 Money Talk

“It’s hard to argue rates will get much lower than they are today,” says Stuart Gabriel, director of the Ziman Center for Real Estate at the University of California, Los Angeles.

Since many refinanced earlier in the year lenders are offering incentives to win new business—particularly regional and community banks, which are focusing more on jumbo …

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Six Must Haves for Loan Approval Today

by ritasimpson December 21, 2011 Money Talk

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 and home purchase transactions not closing on time due to lender’s strict underwriting are all too common.

Some buyers are turned down for illogical reasons. For …

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Shopping for Home Insurance Policies in Malibu

by ritasimpson December 5, 2011 Home Owner Reference Guide

Home Insurance policy coverage provisions differ radically and can many times leave the homeowner unprotected. It is very important that the buyer understand and compare coverages before selecting the insurer. Some policies allow insurer to not cover loss due to Policy Holder “negligence”. Tips for Buyers include using an independent agent with access to a …

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A Profile of Malibu and the Santa Monica Mountain Communities

by ritasimpson December 4, 2011 Community Information

I found this Interactive Census Information fascinating on the Malibu and surrounding areas. It’s interactive and you can view Population, Ethnicity, Income and Education breakdowns per community. Malibu is the least diverse of the communities and is not the richest!

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Three Mortgage Mistakes You Can Avoid

by ritasimpson December 3, 2011 Money Talk

The mortgage market is in a state of tumult these days. Rates are bizarrely low, but many homes are worth much less than the mortgage balances they secure.

People are still losing their homes left and right, but millions of mortgage applications of creditworthy borrowers are being rejected every year.
Against this backdrop, it’s really no wonder …

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FHA Loan Limits Restored

by ritasimpson December 3, 2011 Money Talk

House and Senate leaders signed off on a conference report for a “minibus” appropriations bill that included language restoring FHA’s ability to insure loans of up to $729,750 in high cost markets through 2013.

Because the minibus appropriations package also contains a continuing resolution to avoid a government shutdown and continue federal operations until Dec. 16 …

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