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I just called ING Banks to get an int rate for a 30 year fixed and was told they don't offer them. The rep than gave me the int rate for a 7/1 which was over 6%. I told him that I could get a 30 year fixed with no points for just under 6%. He tryed to tell me that it was better to get a 7/1 or a...

I forgot one more thing. My wife is staying home with our three year old right now but if my business slows she can reenter the work force and make about 50-60K a year. This would be our safety valve if my business slows although I'm not anticipating it.

Above a typo I meant I gross about 20K a month not net and after all bills I'm left with 6K..

Back again. Let me explain. Most Likely I will be buying a house around 1M. Maybe as high as 1.1m but I would like to stay around 1M. I will put 300K down (I have about 400K cash and 200K in IRA. I have a Porsche Cayenne and a Mercedes I paid cash for both.I gross about 250K and net 150K...

Homeowner, You almost sound like me. I'm self employed and I will be buying in the next year in Irvine. I will be buying in the 1M-1.1M range. I'm putting 300K down. At this point I will be getting a 30 year fixed unless my loan exceeds 729K or if the 30 year fixed becomes unattractive. I'm...

I asked the moderator to remove me from their blog. In my opinion intelligence or common sense is not allowed at their blog. Only sob stories and people talking about how everybody that has done them wrong. Hey wasn't that a BJ Thomas song. Maybe that blog should adopt that song as their theme...

Ok Im lauging my butt off right now. I posted two responses to people who didn't accept personal responsibility. I was not mean and didn't use any bad language and here are the two emails i received. Dear sittingoncashintheoc, You have received an infraction at Home Loan Forum - Loan...

I can only read the blog for so long before I get furious. I actually posted a coupe of replies. Nowhere in any of the emails that I read did any of these people take any personal responsibility. They blame the brokers, the banks, the president and the Easter Bunny for their own problems. OK...

The foreclosures dropping is merely a paperwork issue. The new law if people are not familiar with requires that banks contact homeowners 30 days before the bank files a NOD and they have to go over options with the homeowner to see if they can avoid foreclosure. This is a bad bill and puts the...

You should always negotiate with a builder that if they drop the price on the same model before you close escrow that you will receive the lower price. You should find out what you are on the hook for before you back out. it depends on your contract. Than once you know call the builder and tell...

Here comes the Obama tax increases. Don't worry guys He will only raise taxes on the so called rich which is anybody that is lucky enough to live in California.

I will be buying late this year or early next year. I will be putting about 300K down and buying a house in the 1M to 1,100,000 range.

Bearman, Welcome to IHB. In my humble opinion Zillow is stuck in a time warp. I can only say that for the properties I have seen and that I'm interested in. I will be buying a home in Irvine eitherlate this year or early next year. My price range is 1M to 1.15M. The places that I've seen...

Graphix, Make sure you get your money in euros

I can only comment on Irvine in the 1M plus range and not much is moving. I think any pop in the prices recently was due to seasonality. Homeowners wanting to get in before school starts. I think this winter will be brutal on prices and sales. Look at what is going on. We have loans that are...

I think the number of homeowners this will help is greatly exaggerated. First off to qualify you have to be current on your payments. Second off you have to qualify for the loan. Also any loan over 625K you are screwed. Also you mention that the new loan limit will be $625 in higher priced areas...

This guy hit it right on the head. I couldn't of said it better. Don't listen to anything the NAR says they are so full of it. I love their commercials that houses on average almost double every ten years.

Even with a conservative lender I would think they have no problem getting funded as long as they have great credit. Debt ratios of 38 over 38 even now are a slam dunk with great credit. Bye the way I think these lofts are way overpriced still.

If you go by the Median Prices for the OC from 1988 ($184K) to 2000 ($271K) prices appreciated 47.2% in a 12 year period. If you apply the same logic to Home prices between 2000 to 2012 that would mean that the median home price in the OC in 2012 would be around 399K. If Irvine commands a 20%...

Look at the new YOY Price Drops for Irvine. 7 of 8 zip codes were down YOY. And 6 out of 8 were down double digits. The numbers don't lie. Zip Median Price Change from 07 92602 $614,500 -18.1% 92603 $825,000 -17.4% 92604 $532,500 -14.8% 92606 $520,000 -11.7% 92612...