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  1. lendingmaestro_IHB

    Accredited - the last true subprime lender - just bit the dust.

    So why exactly did Lonestar buy them???
  2. lendingmaestro_IHB

    What's going into escrow - Irvine and maybe some Tustin too

    $10 bucks says when we pull the title info it shows an Asian surname.
  3. lendingmaestro_IHB

    Quail Hill vs Northpark / Woodbury

    I used to live in Quail Hill last year, now I am in Northpark. I haven't been here thru the summer and it is always diffiicult to compare temps unless your are actually in both places at the same time; however, I feel that NP is warmer. It is definitely less breezy for sure. I think you do...
  4. lendingmaestro_IHB

    Are Pre Payment Penalties no longer legal in CA?

    That's Jibber-Jabber. The person whom you were speaking with is very uninformed. She is probably trying to offer you a conforming loan or an FHA loan, neither of which have prepayment penalties. There is no such law in California, yet. Prepayment penalties are assigned by private investment...
  5. lendingmaestro_IHB

    What's going into escrow - Irvine and maybe some Tustin too

    I didn't realize there were so many impatient people in Irvine. :bug: I spoke with a realtor friend this weekend and he shared with me that every single purchase that he represented or any other transaction he was aware of has been foreign buyers. His opinion is that these foreign buyers...
  6. lendingmaestro_IHB

    Avenue One 98% sold out?

    That's because the banks bought them all back.
  7. lendingmaestro_IHB

    Is it possible to get a 5.8 30 year fixed?

    FHA all the way, what else do I have to say? Hey, I'm rhyming today!
  8. lendingmaestro_IHB

    IR2's Prior Post : Stats show average of 36% down payment on irvine homes sold in 2008 : Several Million Dollar+ homes are 100% Cash Buys!

    If you have 1 million bucks to shell out you aren't putting it all in CD's. A million bucks in a well diversified portfolio should yield you 6% gross return very easily.
  9. lendingmaestro_IHB

    Average income for $1 million home?

    In my opinion from a financially sound point of view, you need a minimum of 300k a year of consistent, secure income to fund a million dollar home. Irrespective of interest rates you should try and limit the purchase to 3 times your gross income. 3x income would mean 333k a year. That's a...
  10. lendingmaestro_IHB

    Why does data show Foothill Ranch prices up 20% (vs. 2007)

    Foothill Ranch is getting absolutely pancaked right now. They are lying on their back with their face smothered by the sumo wrestlers stomach. A friend bought in April 2005 for 696k and a model match was just foreclosed 4 houses down for 599k.
  11. lendingmaestro_IHB

    Lending questions -> second/first home

    Front end and back end. ALL housing related expenses are included.
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