Shopping for a loan?

The interest rate you receive can dramatically change your ability to qualify for a loan.  Your FICO score, or credit history will affect the rate you will receive. Ever wonder how your FICO scores are weighted and structured? Well here you go;

 

35% by Payment History

30% by Balances Owed

15% by Length of Credit History

10% by New Credit

10% by Types of Credit in Use

 

And the overall calculated ranges;

 

720 – 850 Excellent, A-paper credit, the “good-guy” rates available

680 – 719 Good, not much of a compromise on rates

620 – 679 OK or Fair, clearly in range for FHA consideration

580 – 619 Low, bottom of the range for FHA consideration, “alternate credit” comes

                 heavily into play

500 – 579 Poor, truly nothing can be done without credit rehabilitation

 

If you are ready or think you are ready purchase a home, now is the time to talk with your lender. If you don’t already have someone you are working with, we have excellent people that can help you get your ducks in order. And in today’s market, more than ever, it is essential to know where you stand with regards to your Purchase Power.

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Just Another Day in Paradise!!

Let’s add this to the “boy am I lucky” list. Boy am I lucky to live in the High Sierras in the springtime!! I don’t care what anyone says about Paris, this is the most beautiful place in the world.

Yesterday I went hiking up 89N at Sage Hen Creek  with 2 girlfriends and their dogs (I don’t have one — yet). We took a 6 mile jaunt out to see the beautiful blue lillies out near Stampede reservoir.   These flowers only last a short time so there is a real narrow window to view them each year.  The trail had been packed over the Memorial Day weekend. My business partner Jennifer said she and her husband travelled it on Sunday and she met no less than 70 fellow hikers along the way. Judging by the amount of cars parked alongside the trail head, Monday was only a little bit less busy. Being locals, we were able to wait until Tuesday when all of our wonderful visitors have returned to their desk jobs in the city. The weather was perfect — about 72 degrees. While we were walking the thunderheads built up and we were privy to the wonderful sound of thunder and a few sparse raindrops.

The creek was roaring and the mosquitoes were biting which is why we didn’t spend too much time in the meadow with them. By the time we returned to civilization, we were dirty and wishing we had a brewski or two in the car (next time for sure).   Again, I am reminded how lucky I am to be able to take 2 hours off and be transported to a spot that is untouched by phone and electric lines, road noise — even cell service.  I really do have the best of both worlds here.

I will post some pictures tomorrow. I took a few but left the camera at home.

Hope you all had a wonderful weekend in your little piece of Paradise.  Come visit us in ours!!

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Memorial Day – Thank you Veterans

One of my fellow twitterers made this video to honor his Dad and I thought it was appropriate here.  Thank you to all of our veterans even those who fought in unpopular wars.  And for whatever part I played in making you feel bad for doing your duty to our country, I AM TRULY SORRY!

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Martis Camp

Jennifer and I were treated to a tour of the Martis Camp development on Monday, May 18^th, 2009.  We were shown around the property and were impressed by its subtle beauty and land use.  Here is the next generation of luxury second home living.  Tucked into the mountains and surrounded by pristine forest, there is something here for everyone in the family. 

The property itself consists of 2177 acres and 653 homesites .  It was developed by DMB Highlands, whose Lahontan Subdivision was also well received in the Martis Valley, between Truckee and Northstar.  The crown jewels of the amenity package include private access to skiing at the backside of Northstar at Tahoe (the development’s own private lift) and an 18 hold Fazio designed golf course.  Some of the other amenities planned are a 50,000 square foot building called “Camp Lodge” that will house activities including spa, clubhouse, casual and formal dining rooms.  This building is set to open in the summer of 2011.  Construction is almost completed on the “Family Barn,” a more modest structure that will house an assortment of homeowner activity venues.  These include an art loft, bowling lanes, summer swimming pool, indoor basketball court, outdoor amphitheater even a nostalgic soda fountain.  This facility is scheduled to open in July 2009. 

The development is designed to make one feel as if he is at a national park such as Yellowstone National Park, hence the name “Martis Camp.”  There are over 20 miles of community trails for hiking and mountain biking.  Everything is centered around the Family and the Outdoors.  

 The project was launched in August 2006 and despite the languishing economy, they have sold 211 homesites to date.  Please be sure to contact us for more information on this beautiful project.

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A Day in the Life of a Real Estate Agent

This is how we feel some days, especially lately. I hope you enjoy this as much as we did

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