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Thanks guys. We're working with both now and will see what we get. I understand there are many factors involved, what is considered a competitive rate for jumbo right now?

We're finally at the point of getting close to completion on a new construction *insert nervous.gif* and considering between builder's lending or our own. How competitive do builder's lending get? I've heard that they have a very high (9/10) rate of owners going with them. Not really sure...

Congrats! If you have any questions about specific communities, feel free to message me. We've just gone through similar exercise recently.

All good points. OP should discuss with an experienced real estate agent and understand the options/risks/mitigations as we did, especially what has been mentioned about the lease back and what should be kept separate. In any case, when we were looking at new construction, we were told there...

Do you have an agent and loan officer you're working with? They might be able to offer some ways for you to demonstrate ability to make non-contingent offers to the builders. A friend of mine is pulling out cash from his current home, since he has full equity. He was able to get on the list...

I've sublet before in Irvine but this was years ago. Interview and select your tenants carefully. Even if it's take months. You're buying cash so you've got time. Picking the right tenants will save you a lot of headache. You shouldn't have problems given the demographic of Irvine. I opted for...

That's interesting you took it as that. I didn't read it as him blaming the world, just sharing his sentiments and challenges of having goals vs meeting them. Crowned King - keep doing what you're doing. 6 figures by 25 is already an achievement. Renting a room as opposed to a single apt...

A home is not purely a commodity or an investment. For most, it's an emotional commodity and an investment. You just can't look at it through a single lens.

What's going to happen 5 years from now when 2400sq Fresco with yard is compared against 3000sq with 8-11ft yard? Do you guys think the average resale buyer will  pay a premium for yard with 600sq ft less?

Nothing slimly about an objective comparison based on results that might provide the OP with a second option to consider. Haters gonna hate.

You spelled Bruins wrong. I fixed it for you  8)

There's a reason why I still thought to reach out to him for advice after 5-7 years and him trading emails with me at midnight. Whether you're a first time buyer or informed investor, you still appreciate the person's attitude and the approach. There's a reason why USC maintained and grew his...

Congrats. Where in Great Park did you end up, if you don't mind me asking? it might come down to EW smaller lot vs 1.9% more space for us too.

Even with slightly larger lot, it's asking for you to pay the same price as the competition (same tax, HOA....etc) in Eastwood but with 600-700 sq ft less interior space? I'm just perplexed. Perhaps someone who considered/bought in Fresco can shed some light. Maybe it's also the time when it...

Is there a reason that Fresco is asking for much higher prices $/sq ft than some of the other products (Napa, Solano) in Eastwood Village? The only things I can think of are 1)similar lot size as Napa/Solano 2)Irvine Pacific as the builder. But does that add THAT much more premium? Just want...

Was just going to post the article. Definitely interesting but it seems like they define being fashionable by $ spent on clothing.

Picking up some tools at Sears!

How would you guys compare HEL and HELOCs for the near future? Haven't had a chance to dig deep but would like some input from the wise Irvine peeps  :D. Interest rate, monthly payment, best utilization of each type of loan, risk with over leveraging? I don't have much to offer, but will post...

^Same as USC, except I have DISH. $60/month for 2 HD TVs.

Congrats. Time is extremely valuable. More so than money and other headaches that can be dealt with. Plus, time spent with family far outweighs almost anything else, IMO.