Marin Mortgage News

The latest news on mortgages and green-lending practices in Marin County and the San Francisco Bay Area.

Found 126 blog entries about Marin Mortgage News.

370 Larkspur Plaza, Larkspur CA 94939: SOLD!

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I'm excited to announce that another one of my fabulous Buyer clients has secured a piece of Marin! Set near quaint downtown Larkspur, Larkspur Isle Complex offers quick access to San Francisco, Mt. Tam, downtown Larkspur, miles of bike path and is complete with a sparkling pool! The unit, 2 bed 2 full baths, is located in a fantastic school district home to Redwood High School and Larkspur-Corte Madera School District.

This transaction was the first VA loan I had ever done.  With my stellar lending team, it closed without a hitch. My buyers were able to get in without over bidding and I was still able to get them a credit back...not an easy task right now.

If you, or someone you know, is looking

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I had the pleasure of working with my colleague, Marin Modern Realtor Enrica Ramm to create a perfect match with her buyer and my seller.  My client, wanted to retire and move to her home in Nevada.   Enrica's client, priced out of the rental market where she lived in Larkspur, was ready to become a homeowner. My client preferred to sell "off-market" so when I told Enrica about 307 Silvio Lane and showed her some photos she immediately contacted her client and showed her the condo.  It was exactly what her client had been looking for so they wrote an offer that day. The rest is history.  It sold for $350,000, the highest price in Cheda Acres since 2007.

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Cheda Acres is a very nice small condo development in Southern Novato. 307 Silvio Lane is an

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The close of 633 Tamalpais Avenue is a very happy ending for my buyer clients.  Back in 2006, when I was selling their home in San Rafael, this very house came on the market and they wanted to buy it.  Timing was not right as we still needed to close their home in San Rafael in order for them to purchase.  In the end they purchased a different home in Marin after selling.  Fast forward nine years later...633 Tamalpais Avenue comes on the market again.  This time, my client was able to buy without selling their current home and went for it!  Now they are so excited to make this move into their dream home which was truly meant to be theirs.

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This gorgeous Tamalpais Hill home built by Cobblestone in 2005 boasts 4 spacious bedrooms, 3 full bathrooms

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TO REFI OR NOT TO REFI


Having trouble refinancing? The government run HARP program may be just what you’ve been looking for. In this era of tough lending restrictions, many independently employed home owners are having a difficult time passing the muster to refinance their home with conventional lenders.

As an independent contractor myself, I took advantage of this program 2 years ago and it took me 20 minutes to answer the questions over the phone with my then current lender, and be put into the HARP program. It was the easiest refinance I had ever done.

This program will be available until the end of 2015 so this might be the time to look into it, with rates at historical lows. Here is the link to the government site that discusses all the

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Prices are up year over year 15% on average in Larkspur.
We only have two months of inventory in the county.
(It would take 2 months to sell all the homes at the current speed that
it is taking to move property) That is very low. Not much inventory....
Interest rates remain great but the Fed has indicated that they will raise rates
in three to five months. With so many high cash borrowers at the upper end, that has less significance for Larkspur trends.
One of the interesting trends in Southern Marin concerns high priced homes.
We have more 3 million plus home sales than ever before. (Even as we are trending slightly below our all time high - price wise- of 2007). In Larkspur, in 2014, the highest priced home was 4.4 million while in 2013, the…
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I recently secured VA financing on a condominium unit within Sausalito's Marina Vista HOA. The nature of this particular project makes it difficult to secure even conventional financing on -I know from a previous transaction that I was brought in to save in the eleventh hour -and the hurdles one needs to surmount are considerably higher for VA or FHA loans. This is not your typical HOA as it lacks virtually all the standard condominium mandates (common area, budget, master insurance policy, etc.). Compounding the problem, the unit my client wanted to purchase was a separate (non-functional) two-unit HOA within the greater (also non-functional) HOA! The unit exists more as an attached single-family unit or Planned Unit Development (PUD). So it was an

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Super, super cute and all remodeled, this 1926 bungelow with 2 bedrm, 2 baths sits on a flat, 1/3 of acre flag lot in the north end of Novato.  With over 100 folks coming to the Sunday open house, we had tons of interest and prospective buyers wanting to make offers as soon as it hit the market!  We received multiple offers and it sold for over the asking price.... my Seller was very, very happy!

Thinking of selling..or just wondering what your property could sell for?  Give me a call, I'm always happy to oblige!

 

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Just what is a corn maze?   Who invented such and thing...and why?

A maze or labyrinth, as it is sometimes known, is simply a complicated, irregular network of paths, which can be difficult to find one's way through.  So, a corn maze is simply a maze that it cut out of a corn field.

Mazes date back at least thousands of years to the time of Greek myths.  The pyramids have tunnels in them that are in the form of a maze or labyrinth.    Many archeological dig sites have maze designs as does ancient artwork, floor designs in homes, buildings and even street pavements.  In Scandinavia, there are over 600 stone labyrinths lining the beaches of the Baltic Sea....about 300 of them in Sweden alone!  Some believe that mazes were

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VA guaranteed loans offer some of the most competitive mortgage money available, with exceptional terms on 100% financed purchases. Eligible veterans have access to 100% financed loans that in some Bay Area counties will cover a purchase price as high as $1,050,000, with zero money out-of-pocket. But VA-backed purchase offers are harder to get into contract due to the extended timeline that most lenders require for their underwriting. VA lenders typically require at least 45 days to close on purchase money. In California's highly competitive purchase market, sellers generally demand escrow periods of 30 days or less and give little consideration to bids with extended close periods.

Pinnacle Capital Mortgage is a California-based mortgage bank, offering

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I recently posted information about how to finance a floating home in Marin. There are some (mostly positive) changes to the options out there.

1. Financial Benefits Credit Union is currently making Floating home loans again. Since these loans are held in house, they don't always have financing available. Loans max out at $500,000 and are only at 75% Loan to Value. Interest only. Amoritized over 30 years but variable. Contact Heather Ziemer at (510) 433-9200. They are open 10 a.m. to 4 p.m. Monday through Friday.) No points.

2. Best News- Bank of Marin has an excellent program now. They are lending on all Floating homes. If you have a credit score above 740, you can qualify for 25% down; otherwise, you will have to come up with more money down.This is a

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