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Take a stroll through one of LA's most well-kept, exclusive neighborhoods. An island unto itself, Hancock Park is home to stately mansions and plush greenery throughout - providing its residents a serene oasis in the middle of the urban jungle that is Los Angeles. Wedged in between Korea Town and...
03/31/2008
Incomes still catching upThose who bought at the peak of the cycle pinning their hopes on incomes rising and "catching up" instead to home prices may be better off finding ways to increase their income themselves. But they had better be patient. Average incomes simply aren't rising in tune with ...
03/28/2008
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When one gets wind that interest rates are rising this could produce a myriad of emotions, some more pleasant than others. For the credit-strapped borrowers looking to take advantage of falling home prices a hike in interest rates could be a deterrent, or rather, the determining factor that could...
03/28/2008
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The mortgage crisis is steadily running its course through the economy and arguably has left not one sector or industry unscathed or at least threatened. And from where there is weakness, there is opportunity. Potential home buyers across the nation have realized a true "buyer's market" - defined...
03/28/2008
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Can You Beat the Government?by Hassan NicholásNo, I am not talking about hidden tax secrets, overseas bank accounts or anything illegal for that matter. What I am actually inferring to are government-backed subsidy programs; such as the ones promoted by the California Housing Finance Agency (CalH...
03/14/2008
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A Lease not created equal - An auto lease on your credit report is looked upon differently then other types of credit that appear on your report. Why? Lenders figure that even if you pay off that lease, you're still going to need transportation. Which means you'll probably get another lease or h...
03/14/2008
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Default Lines: The New Math of Credit Scoresby Jane J. KimThursday, December 20, 2007provided by The Wall Street Journal OnlineThe company that cooks up credit scores for millions of Americans is changing its recipe -- and that could affect how easily you get credit in the future.Fair Isaac Corp....
03/14/2008
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December 1, 2005Margarito Nava, Maintenence Worker and CashierMargarito Nava learned about CFRC's Individual Development Account (IDA) program in the local Spanish Language newspaper La Opinion, and he wanted to find out if the program was really true. After attending an orientation, Mr. Nava enr...
02/11/2008
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Why is Good Credit Important?The difference between a 700 FICO score and 698 is one-half percentage point. Meaning, on a $165,000 30-year fixed rate mortgage, that half point could cost you more than $19,000 in interest charges, assuming 6 percent is the lowest rate available.Having good credit a...
12/12/2007
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Mortgage payments made on time will shoot up a credit score. Usually, it's easy for a credit score to drop but it takes more time to raise it up. When reviewing your credit report for creditworthiness, lenders prefer borrowers who have three (3) to five (5) open credit lines/accounts. When you h...
12/12/2007
Real Estate Resources
This blog is a resource for first-time home buyers in SoCal. It's unique because it's administered by a well-established non profit organization based in Los Angeles. We decided to offer this blog as an extension of our first-time home buyer program and Los Angeles Teachers Mortgage Assistance Program. If there could be way to rate a blog's "coolness" on ActiveRain, we'd probably make top 5 easy.