Consumer credit problems are partly due to continual credit card offers from banks. Offers are sent daily in the mail to consumers which many use or abused the opportunity. Over use of credit cards directly effects your FICO score which can make or break a home mortgage.

If you are tiered of this unwanted offers there is a solution. The credit bureaus offer a toll-free number that enables you to get out of having card offers mailed to you. Just phone
1-888-5-OPTOUT (567-8688).

You will be prompted to provide some personal
information, including your home telephone number, name, address, and
social security number. All information provided is confidential and is
used only to process your request.

Looking to purchase a home in Fremont California. City of Fremont has great home loan opportunities for buyers. Currently, the city offers down payment assistance program up to $40,000.
Buyers who qualify must attend a 2 hour special workshop. The next work shop will be held 4/21/09 from 3:00-5:00pm.

Eligibility

If you can answer “Yes” to the following six questions, you may be eligible to participate in the First Time Homebuyer Programs sponsored by the City of Fremont.

• Can you certify that you have not owned a home in the last three calendar years?
• Do you currently live or work in the City of Fremont? If not, have you previously lived in Fremont but continue to maintain significant ties to the City? (Supporting documentation for prior residency required)
• Will you be able to secure a mortgage? (Your credit is good and you are ready to buy!)
• Are you able to complete the mandatory First Time Homebuyer Workshop? (2 hours)
• Will you purchase a home in Fremont?
• Do you meet the income guidelines?

To find out the income guidelines contact 510-793-1700 or email Sandi@Bay Area-Homes.com

First time California Bay Area home buyers are just confused about the many home loan choices? With so many of our lending institutions going out of business because of the rising loan defaults, it;s important to make a list of question for your real estate loan agent. As 30 year veteran Real Estate broker in the California Bay Area specializing in the East Bay and Fremont, below are just a few recommendations

1. Are both fixed-rate and adjustable mortgage loans available?
2. What is the interest rate?
3. How long can I “lock-in” the financing at the current interest rate?
4. Is a float down lock available in case rates drop after I have locked in?
5. What are the other fees a lender may charge me in conjunction with my loan?
6. Are funds for a second mortgage or equity line available?
7. Is there a maximum limit on each rate change?
8. How often will the monthly payment be adjusted?
9. Is there a ceiling on payment adjustments?
10. Can the term of the loan be extended?
11. What is the maximum rate that can be charged over the life of the loan?
12. Is there any potential for negative amortization?
13. Is there a prepayment penalty clause?

View affordable homes online

Most important make sure that the lender is local. Whether you are purchasing a home in the California Bay Area or Fremont California, it is important to find someone local so that they can give you personal service. If you are shopping for a home in the Bay Area, you can contact me for a list of reputable loan agents. For more questions about Real Estate call Sandi Ohms at 510-793-1700 or email me at info@bayarea-homes.com