Mortgage Blog

ARM rate stay low. Good luck for those
who is refinancing the loan now.

Only one purchase loan closed.
240k purchase in Elk Grove with loan 180k.
It's 4 bed 3 bath with 2000 sqft. PITI around
$1300 with rental income $1550(Market value).
I found that cash-flow for rentals are all
positive in Stockton, Tracy, Sacramento area
now.

It's a great week for my clients. 6 of them got
the offer accepted. All short sale with good
price. One from San Diego, one from LA, two
from the bay area, two from Sacramento area.

I talked to my clients about those deals.
Sale price in Sacramento area still heading down;
all the other area market is stable now. But the deals
are good. I will let you know more about those
deals in the coming weeks after they are closing.

But if you are interested in the above areas,
I can provide a little bit more details(without
disclose the exact details).

Thanks for reading. I will have regular blogging
starting next week. Have a good weekend.