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For the third consecutive month home prices are continuing to rise – especially in San Francisco according to the S&P/Case-Shiller home-price index. Read more on Bloomberg.com

Weekly Mortgage Update From Tom Balk In December, the Agencies (FNMA and FHLMC) are going to be revising their underwriting software. This version (I have been told) will only accept debt ratios to 45% of income (down from as high as 64.9%. Currently I can do ratios to 64.9% (see success story below). So this […]

According to an article on CNN Money the San Francisco metro area is one of 7 areas in the United States expected to have average home price increases over the next two years. San Francisco: Median home price: $675,000 Value lost since 2006: 25.7% Forecast gain by 2011*: 4.8% The San Francisco metro area has […]

Success story – A client found a property that he and his fiancee fell in love with but she had a few past credit issues; so we could not use her income. Previous lender was pushing them into an FHA loan (where he would make a lot more money). I found a source in the […]

We would like to invite you to an afternoon of Halloween fun, food, soft drinks, book reading of “Elfins in San Francisco” a children’s picture book written by Sarbjit Rai and introduction to Room to Read, a global non-profit based in San Francisco. About the Author Sarbjit is originally from England and moved to San […]

I am very pleased to announce that the NERT office has confirmed that we will have another training here in South Beach beginning Wednesday January 13, 2010 for six consecutive Wednesday evenings. Each class will be from 6:30pm to 9:30pm at the SFFD Headquarters (2nd / Townsend). I encourage you to take this FREE emergency […]

You’re invited to join the A+A team to give blood at a blood drive hosted by our friends at 250 Brannan. The blood drive will take place Tuesday November 10th on the first floor of 250 Brannan Street in San Francisco. Blood can be given between 10am and 3pm. Donate Blood.  Save a Life!

Beginning Oct. 1, new rules adopted by the Federal Reserve will go into effect, requiring greater diligence on the part of mortgage lenders and brokers who issue high-cost loans for borrowers with less than favorable credit. The interest rates on these loans are at least 1.5 percentage points greater than the average prime mortgage rate. […]