Four ways to avoid refinance rejection

“My application to refinance my $200,000 loan was recently turned down … do I have any recourse?” If by recourse you mean a third party of some standing who will direct the lender to make the loan, or attempt to persuade them to do it, the answer is “no.” No third party is going to …

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Break on larger loans near end

Price limits for cheaper rates to expire Oct. 1 The chief economist of the California Association of Realtors says her group is resigned to seeing high-dollar limits on lower-cost “conforming” loans expire on Oct. 1, resulting in greater financing costs for people buying pricier homes. Leslie Appleton-Young said Realtors fought to extend the limit, but …

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Obama Pledges to Refinance Millions of Mortgages at Today’s Rates

Housing got only a brief mention in President Obama’s highly anticipated jobs speech last Thursday night. But it was a pledge that some pundits say is finally a step in the right direction. Others say it’s likely to have little impact. Obama told Congress that his administration is going to work with federal agencies to …

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Tour some homes this weekend!

A couple of my listings will be open this weekend for open houses: 3336 Via Lido, Newport Beach Open House | Sunday, August 28 | 1-4pm With a private boat dock to accommodate a yacht of 110′-plus on the Newport Harbor, 3336 Via Lido is every yachtsman’s dream.  The furnished home itself caters to luxurious …

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