The real deal about real estate.....really....

I was just reading online this morning about the death of yet another celebrity (Cory Haim) from what appears to be related to a substance abuse problem.

I think I have just about had it with this!  I do not blame the users of the drugs half as much as the pushers of the drugs.

People who are suppliers or traffickers of drugs are the LOWEST form of species, and need to be exterminated.  How can you possibly make a profit by getting people hooked on drugs to the point where their body just deteriorates away until they die?

If I had one person in front of me right now who is related in any way to soliciting drugs, I would shoot them in the head!!

And quite frankly, I'm not sure what the difference is between a doctor writing prescriptions for unnecessary drugs and some piece of dirt who is pushing cocaine on the street.

This makes me SO angry!

Cute, clean 2 bedroom, 2 bathroom top story, single level condo for sale with nice galley kitchen.

Nice floorplan - each bedroom with it's own bathroom on opposite sides of the unit.

Great view from living room balcony of downtown West Hollywood / Century City.

Prime area in a wonderful, well maintained residential neighborhood.

Short sale.

Interest rates were slightly volatile again week, yet they are still terrific!

There was mixed economic news throughout the week.

These rates are typical for the PURCHASE borrower will excellent credit and a sizable down payment, exclusive of FHA for the down payment.

Take a look at FHA 5/1 ARM rates below, as those rates are at 3.5% for all loans up to $729,750-this is amazing! This can be a very attractive alternative for FHA buyers.

Conventional Loans:

30 Year Fixed Conforming---$417,000 and Below: 4.875% with 1 Point

30 Year Fixed High Balance Conforming---$417,001 to $729,750: 5.0% with 1 Point

30 Year Fixed Jumbo---$729,751 to $1,000,000: 5.5% with 1 Point-great pricing

5/1 ARM Jumbo---5.0% with 1 Point-amazing for Jumbo product

FHA Loans:

FHA 30 Year Fixed---$417,000 and Below: 4.875% with 1 Point

FHA 5/1 ARM---$417,000 and Below: 3.5% with 1 Point

FHA 30 Year Fixed High Balance---$417,001 to $729,750: 5.0% with 1 Point

FHA 5/1 ARM High Balance---$417,001 to $729,750: 3.5% with 1 Point

The April 30, 2010 deadline is almost here.  This will be your final opportunity to take advantage of the Federal Homebuyer Tax Credit.

• First-time buyers can qualify for an $8,000 tax credit!
• Move-up buyers can qualify for a $6,500 tax credit as long as you have lived in your home for five consecutive years out of the past eight years
• Income limits have increased to $125,000 per individual and $225,000 per married couple
• Buyers must enter into contracts written on or before April 30, 2010 and will have until June 30, 2010 to close escrow

Any questions, give me a call!

Ralph Gorgoglione
John Aaroe Group, Inc.
(800) 591-6121
ralph@laagent.biz

I heard of this site through a friend of mine.

It is a really great site for renters, and also for students who are paying a student loan.

It actually gives renters credit history for paying their rent, and allows them to either build credit or improve their credit simply by paying their rent. 

You set up your payment online with a credit, debit, or checking account, and your good payment history gets reported to the credit bureaus.  Even if your landlord doesn't accept credit cards, it can still get paid to them via check.

If you have a roommate or split the rent between roommates, you can set it up so that each person pays online, and the landlord gets one check.

You also earn cash back on all of your payments that you make for your normal household expenses.

I thought this was a great idea.

Check it out:   www.williampaid.com

These rates are typical for the PURCHASE SFR borrower with excellent credit and a sizable down payment, exclusive of FHA for the down payment.

Take a look at FHA 5/1 ARM rates below, as those rates are at 3.375% for all loans up to $729,750-this is amazing! This can be a very attractive alternative for FHA buyers. I do not recall ever seeing FHA ARM rates that low.

Conventional Loans:

30 Year Fixed Conforming---$417,000 and Below: 4.875% with 1 Point

30 Year Fixed High Balance Conforming---$417,001 to $729,750: 5.0% with 1 Point

30 Year Fixed Jumbo---$729,751 to $1,000,000: 5.5% with 1 Point

5/1 ARM Jumbo---4.75% with 1 Point-amazing for Jumbo product

FHA Loans:

FHA 30 Year Fixed---$417,000 and Below: 4.875% with 1 Point

FHA 5/1 ARM---$417,000 and Below: 3.375% with 1 Point

FHA 30 Year Fixed High Balance---$417,001 to $729,750: 5.0% with 1 Point

FHA 5/1 ARM High Balance---$417,001 to $729,750: 3.375% with 1 Point

My client and I really covered some ground yesterday looking at townhomes in many cities.  I've really liked working with her so far, and actually have alot of fun while looking at properties with her.

During the course of finishing up taking a look at one of the properties, we were standing next to my car talking about the plusses and minuses of the property when about 30 yards away on a street corner we saw an auto accident take place.  It was not anything too serious and no one was hurt.

But what happened is one of the cars pulled over to the curb to meet with the other car, but the other car just took off!  It was a hit and run.

We felt so bad for the girl that got hit.  And my client noticed there was what appeared to be a piece of a bumper or something left in the street.  So my client yelled over to the girl "don't you want the piece to your car?"

So I ran over to the street where the piece was and brought it over to the poor girl thinking at least she could put it back on her car or something.

When I picked up the piece and started walking over to the girl to give it to her, I noticed it was not a piece to HER car after all.

It was a section of the front bumper to the car that hit her - WITH THE LICENSE PLATE STILL STUCK TO IT!!!

My client and I started laughing.

I guess that hit and run vehicle has quite a bit in store for them!!

Conforming and FHA Fixed Rates increased this week, while Jumbo Rates decreased. That is quite unusual. The rate increase occurred primarily as a result of inflationary fears. The Fed raised the Discount Rate - ie: the rate which eligible banks are charged to borrow short-term funds from a Federal Reserve Bank - from .50% to .75%. They cited continued improvement in financial market conditions warranted the move. The Fed also went on to say the raise is not expected to lead to tighter financial conditions for households or businesses, and does not signal any change in the outlook for the economy or for monetary policy.

Rates are still terrific, and below are some rates for the weekend. These rates are typical for the PURCHASE SFR borrower with excellent credit and a sizable down payment, exclusive of FHA for the down payment.

Take a look at FHA 5/1 ARM rates below, as those rates are at 3.5% for all loans up to $729,750-this is amazing!  This can be a very attractive alternative for FHA buyers.

Conventional Loans:

30 Year Fixed Conforming---$417,000 and Below: 5.0% with 1 Point

30 Year Fixed High Balance Conforming---$417,001 to $729,750: 5.25% with 1 Point

30 Year Fixed Jumbo---$729,751 to $1,000,000: 5.5% with 1 Point

5/1 ARM Jumbo---4.875% with 1 Point-amazing for Jumbo product

FHA Loans:

FHA 30 Year Fixed---$417,000 and Below: 5.125% with 1 Point

FHA 5/1 ARM---$417,000 and Below: 3.5% with 1 Point

FHA 30 Year Fixed High Balance---$417,001 to $729,750: 5.25% with 1 Point

FHA 5/1 ARM High Balance---$417,001 to $729,750: 3.5% with 1 Point

Interest rates were quite volatile this week, and did end the week up about 1/8 from last week for loans under $729,750. Jumbo rates did not change. Nevertheless, the rates are still terrific.

These rates are typical for the PURCHASE SFR borrower with excellent credit and a sizable down payment, exclusive of FHA for the down payment.

Take a look at FHA 5/1 ARM rates below, as those rates are at 3.5% for all loans up to $729,750-this is amazing!  This can be a very attractive alternative for FHA buyers.

Conventional Loans:

30 Year Fixed Conforming---$417,000 and Below: 4.875% with 1 Point

30 Year Fixed High Balance Conforming---$417,001 to $729,750: 5.0% with 1 Point

30 Year Fixed Jumbo---$729,751 to $1,000,000: 5.75% with 1 Point

5/1 ARM Jumbo---5.0% with 1 Point-amazing for Jumbo product

FHA Loans:

FHA 30 Year Fixed---$417,000 and Below: 5.0% with 1 Point

FHA 5/1 ARM---$417,000 and Below: 3.5% with 1 Point

FHA 30 Year Fixed High Balance---$417,001 to $729,750: 5.125% with 1 Point

FHA 5/1 ARM High Balance---$417,001 to $729,750: 3.5% with 1 Point