Overall rates are very low across the board.  Take a look at this 30 Year Fixed Chart of rates over the last 3 years.  Try to find a chart of the last 15 years…You will find that interest rates are significantly lower than they’ve ever been historically.  It just so happens a certain day may, particularly, is a better day then another.

Mortgage Backed securities fluctuate on a daily basis causing rates to bounce around.  Typically the movement isn’t enough to change the actual rate, but what it does do, is change the price for locking in a particular interest rate.

Basis Points are used to gauge pricing on mortgage rates as well as Mortgage Backed Securities.  One Basis Point is equal to 1/100 of 1%, in other words interest rates that have risen 1% are said to have increased by 100 basis points.  What all this means to you is a 20, 30, 40 basis point change in interest rates could save you several hundred or even thousands of dollars depending on your loan size.

It is truly in your best interest to find a trusted Mortgage Planner who can help you determine the best time to lock in you interest rate.

Cali Mortgage  – APPLY-NOW and ask about our no points, no fees 30 year fixed loan.

Get the low-interest rate mortgage you are looking for while you protect your home and family.  Contact Cali Mortgage today to get started.

Cali Mortgage Bay Area Green Certification of Santa Clara County

4.199% APR-Based on 300K loan amount at 60%LTV, 50%DTI or lower, full income documentation, asset requirements, 740+FICO.  Quote based on market pricing as of 05/30/2011 and subject to change at any time.  Cali Mortgage dba Sierra Pacific Mortgage Company, Inc Cali Mortgage Branch NMLS #372506 DOCCRMLA license #8171182

Service is the only quality that differentiates one real estate agent from another. I commit to my clients up front that I am “The Only Realtor You Need!” In order to fulfill that commitment, I give 210 percent to customer service. Meeting my client’s goals is my goal. I am determined to keep my clients and their families as my friends and clients for life because I’ve done a great job and they know I care about them. They know who to call for all their future real estate needs and feel confident in referring me to close friends and family.

Lucy Ramos “makes real estate a pleasant experience”. As a licensed and full-time REALTOR with over 10 years of experience, her strengths are professionalism and strong negotiation skills and she guarantees a successful transaction for all of her clients.

Professional Philosophies: Lucy believes in hard work and good client representation and has represented buyers and sellers in both Santa Clara County. When representing Buyers, she has the unique ability to locate the “right” home with the “right price”. When representing Sellers, her unique

21 Step Marketing Plan guarantees a successful transaction. As a top Listing and Selling REALTOR in the Santa Clara County, she has obtained many awards for her activities. She feels that with the support of the other Realtors with the Lucy Ramos Team, her ability to service her client’s needs, first and foremost, is greatly enhanced.

Personal Bio: Lucy Ramos is a native Californian who has resided in San Jose, and North Bay. She now enjoys luxury living in Almaden Valley.

Buying and selling real estate in all of Santa Clara County.

Lucy’s hobbies include learning to play golf and trying to find the time to work out each day.

Professional Affiliations: Lucy is a member of the San Jose Real Estate Board; California Association of Realtors, and the National Association of Realtors. Women’s Association, Chamber of Commerce.  Alain Pinel Presidents club.  All of these associations uphold a strict code of ethics and ensure that their members are up-to-date on the latest marketing techniques and legislation affecting Real Estate. Lucy has earned the prestigious designation of Certified Residential Specialist.  Lucy is also a recent Graduate of the Real Estate Institute

If you are thinking of selling your home and need a Market Update Please Contact me.

In most California counties the property tax rate is 1.125% of the purchase price. You will want to divide your total property tax by 12 to bet the monthly payment and then multiply that amount by how many months are due.  Example:  A home purchase with a close of escrow in April of any calendar year will require 4 months of property taxes be collected.  On a 300K purchase price your annual property taxes would be $3375.  In this particular scenario the equation would be: $3375/12=281.25 x 4 months = $1125.00.

Trusted Real Estate Agent Representing The Greater Bay Area

After Six years in the Real estate industry, Michael Ramos has made his name well-known throughout the greater bay area because of his charisma, integrity, and desire to serve his clients with the highest of possible standards. Michael has a dedication to excellent service by giving nothing less than 110% of his efforts to build client relationships for life. His ability to accommodate and adapt to any type of client or situation demonstrates that he is a well-rounded and professional individual. He brings to Intero Real Estate Services an abundance of skill and experience.  He takes pride in himself by knowing the real estate market like the back of his hand and being one of the strongest negotiators in the industry.

Michael Ramos knows that Buying and/or Selling is a crucial decision, with that being said; all the I’s are dotted and all T’s are crossed down to the simplest detail with the attention that it deserves. Michael’s only concern is to make sure every transaction go as smooth as a hot knife cutting through cold butter. Versatility is one of Michael’s traits and he has a good grasp of the greater half of northern California by servicing many homes in the area. Michael Specializes in Sunnyvale, Santa Clara, Cupertino, Campbell, Cambrian, and San Jose. Whether the market is in its ups or downs Michael knows how each Real Estate areas Market is doing and can perform no matter the adversity that faces him.  Michael Ramos is known for putting his clients first and has very strong work ethics. He values Honesty, Integrity, and Reliability. All of his clients see these values in him and know that by working with him he can provide for them the best possible outcome in their endeavors. With determination and perseverance you can trust he will take care of all of your needs.

Current Memberships: Santa Clara county Association of Realtors, California Association of Realtors and the National Association of Realtors

Contact info:

Michael Ramos
Realtor and Consultant for LIFE
Zillow AllStar & Local Expert
Intero Real Estate Services
10275 N De Anza Blvd, Cupertino 95014
www.InteroRealEstate.com/Agents/MichaelRamos
Direct: 408-807-4673
Efax: 408-317-1765

Co- Founder of:
www.BayAreasBestReos.com

Ask about our no points, no fees 30 year fixed product…it a win, win!

For Phil, it has now been almost a decade of marketing and selling only real estate. With sales, success, awards, and designations, Phil has proven to truly be The Smart Choice for his many happy real estate clients. Whether working with friends, family, or new clients that come through his successful marketing efforts, Phil ensures every transaction is as smooth and pleasant as possible. “Loyalty from repeat customers is the lifeblood of a REALTOR’S® successful career” says Phil.  Further, “the same loyalty that is extended to us from our clients, is given back to them by us; the successful REALTORS® who work together to keep this industry moving, sometimes against all odds!”

Phil began his real estate career in the early part of 2002.  He joined a brokerage that was a fresh face to the industry and he grew along with that company as they became one of the largest on the west coast. An entrepreneur at heart, Phil works best in a boutique real estate environment that empowers him to completely cater to the unique and individual needs of each of his clients without corporate restrictions. So in 2010, Phil left the realm of “Big Name Brokerages” to join CSR Real Estate Services, a Bay Area brokerage based in Campbell.

When you choose Phil Traina as your REALTOR®, you get personal, hands-on service, from a local expert who is best able to represent real estate buyers and sellers in the local market. Statistics show that agents in local brokerages with strong community ties are more successful in their respective areas where they sell real estate, than agents in the national chain brokerages. Phil’s listings, however, are not just advertised on a local level. Phil markets all of his listings on an international scale. This web site is just one avenue among many that Phil uses to reach real estate buyers for the homes he sells. He has you covered locally, nationwide and worldwide.

If you’re interested in buying or selling real estate in Santa Clara County, Phil has experience selling ALL types of real estate. Below are a few of his cities of expertise:

• San Jose
• Los Gatos
• Saratoga
• Cupertino
• Sunnyvale
• Santa Clara
• Los Altos
• Los Altos Hills
• Mountain View
• Palo Alto
• Morgan Hill
• Gilroy
• And many more…

Phil provides excellence-in-service to all his real estate clients and is truly The Smart Choice amongst realtors. For all your Bay Area real estate needs, make The Smart Choice and contact Phil Traina atCSR Real Estate Services

Phil@CSRteam.com - www.philtraina.com – 408-768-6000 direct

In 2010 Fannie Mae made some changes to DU (Desktop Underwriter), their automated underwriting lender approval program.  One of the most recent changes to Fannie Mae’s DU is the implementation that a mortgage applicant cannot have any disputes on their credit report.  It doesn’t matter if the dispute is paid, resolved or no longer in dispute. It will have to be removed from credit report before close of escrow.

It is frustrating but quite simple:  Most collection agencies and creditors are very large companies who have attorneys that write-up the letters that the actual collectors are allowed to give out.  Apparently, it is very expensive, time-consuming and basically impossible to complete the process of adding a new letter to approved letters list therefore you are dead in the water when you ask for a “no longer in dispute letter” that isn’t already approved by the attorneys.

This is becoming a widespread problem in the mortgage industry.  In recent months several mortgage applicants were turned down for financing due to a dispute being on their credit report.  When Fannie Mae decided on this new guideline I am not sure it was well thought out or that they were aware of the tremendous impact it would have on lending and how difficult it is to remove a dispute.

It is possible to have a very high FICO score and have a dispute at the same time so this guideline is affecting responsible borrowers that have immaculate credit otherwise, substantial savings, and excellent employment history.

Cali Mortgage hopes Fannie Mae will remove the guideline in the near future but in the meantime it is something we all have to deal with…

Are you ready for the good news?

Through hard work, racking their brains for months and a little bit of luck Cali Mortgage has finally developed a way to effectively and strategically remove disputes from the credit report.  The process takes about 72 hours and has had a 100% success rate thus far.  There are certain types of disputes that would still remain difficult to remove so contact us at Cali Mortgage to find out about your specific dispute.

If you are looking to buy a home or already a home owner here are a few things to consider:

• Think about the possible consequences before disputing with a creditor.
• Check your credit for disputes so you can begin the removal process before you are in the middle of a transaction.
• Do not try to handle dispute removals yourself.  More times than not you will worsen your credit even more.
• Don’t contact collection agency until you have spoken to us about your situation.

If you are located in California Cali Mortgage will help you with the dispute removal and recommend use of their lending services for the finance transaction.  For out-of-state clients Cali Mortgage can help with the dispute removal and connect you with a trusted loan officer in your area.