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7 Great Markets for Short Sales- Bakersfield

by Greg Holland in Blog.

Properties sold in short sales account for about 22 percent of all residential sales, according RealtyTrac. RealtyTrac recently identified some of the best markets for buying a short-sale property. “The average amount short was more than $100,000 in seven of the top 15 markets, indicating banks are willing to realize a significant loss with a…

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Could Rising Mortgage Rates Help Housing?

by Greg Holland in Blog.

Mortgage rates are still near record lows but they have been inching up slightly in recent weeks as the U.S. economy shows some signs of improving. The 30-year fixed-rate mortgage—the most popular choice among home buyers—reached its highest level in more than six months last week, averaging 3.63 percent, according to Freddie Mac figures. Mortgage…

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Your Professional Bakersfield, California Real Estate Agent

by Greg Holland in Blog.

How Mortgage Loans Work Excluding property taxes and insurance, a traditional fixed-rate mortgage payment consist of two parts: (1) interest on the loan and (2) payment towards the principal, or unpaid balance of the loan. Many people are surprised to learn, however, that the amount you pay towards interest and principal varies dramatically over time….

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Your Professional Bakersfield, California Real Estate Agent

by Greg Holland in Blog.

Avoiding Financial Stress By asking the right questions, and knowing exactly what your needs are, you can find the right loan for you. There are certain approaches that you can take while mortgage shopping that can cost or save you money. It is still true that the better qualifications you have, the lower your interest…

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Your Professional Bakersfield, California Real Estate Agent

by Greg Holland in Blog.

Buying Your Home – Appraisals & Market Value What is the return on new versus previously owned homes? Buying into a new-home community may seem riskier than purchasing a house in an established neighborhood, but any increase in home value depends upon the same factors: quality of the neighborhood, growth in the local housing market…

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