Comments on: Lock It or Lose It http://raincityguide.com/2008/01/24/lock-it-or-lose-it/ Seattle's Leading Resource for Real Estate Information Sun, 08 Nov 2009 01:47:42 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Dave Joseph http://raincityguide.com/2008/01/24/lock-it-or-lose-it/#comment-264050 Dave Joseph Fri, 15 Feb 2008 15:28:50 +0000 http://raincityguide.com/2008/01/24/lock-it-or-lose-it/#comment-264050 Hi Rhonda, It still is rural there, as all the homes are on wells, and it has not been built up as much as Canyon Country or other parts of Santa Clarita. I really like the Vasquez Rocks, and we also have a view of them from the porch of our Agua Dulce home too. Hi Rhonda,

It still is rural there, as all the homes are on wells, and it has not been built up as much as Canyon Country or other parts of Santa Clarita. I really like the Vasquez Rocks, and we also have a view of them from the porch of our Agua Dulce home too.

]]> By: Rhonda Porter http://raincityguide.com/2008/01/24/lock-it-or-lose-it/#comment-264033 Rhonda Porter Fri, 15 Feb 2008 14:55:22 +0000 http://raincityguide.com/2008/01/24/lock-it-or-lose-it/#comment-264033 <p>Dave, We're talking about 28 years ago (oh boy, that makes me feel old!). We lived across the street (literally) from Vasquez Rocks for almost a year and then moved to Canyon Country...I think the street was Deep Creek Drive. I've heard Santa Clarita has changed a little bit since I was there last. ;) </p> Dave, We’re talking about 28 years ago (oh boy, that makes me feel old!). We lived across the street (literally) from Vasquez Rocks for almost a year and then moved to Canyon Country…I think the street was Deep Creek Drive. I’ve heard Santa Clarita has changed a little bit since I was there last. ;)

]]> By: Dave Joseph http://raincityguide.com/2008/01/24/lock-it-or-lose-it/#comment-263821 Dave Joseph Fri, 15 Feb 2008 08:10:05 +0000 http://raincityguide.com/2008/01/24/lock-it-or-lose-it/#comment-263821 Hi Rhonda, We also built a house in Agua Dulce in 1989 and lived there until 2005 and leased it now. It was a great place to raise our 2 boys who are now adults. Sierra Hwy. is really improving with the College of the Canyons second Campus 1 mile north of our Gallery on Sierra Hwy. and the City of Santa Clarita investing in improving this area. Our store is one mile norht of Soledad on Sierra Hwy. and Barbara and I have been running it since 1983. What years did you live here in Santa Clarita? Hi Rhonda,
We also built a house in Agua Dulce in 1989 and lived there until 2005 and leased it now. It was a great place to raise our 2 boys who are now adults. Sierra Hwy. is really improving with the College of the Canyons second Campus 1 mile north of our Gallery on Sierra Hwy. and the City of Santa Clarita investing in improving this area. Our store is one mile norht of Soledad on Sierra Hwy. and Barbara and I have been running it since 1983. What years did you live here in Santa Clarita?

]]> By: Rhonda Porter http://raincityguide.com/2008/01/24/lock-it-or-lose-it/#comment-262557 Rhonda Porter Wed, 13 Feb 2008 16:04:44 +0000 http://raincityguide.com/2008/01/24/lock-it-or-lose-it/#comment-262557 Dave, what a small world. I lived a year or two in Canyon Country as a teen (many many years ago) and we also lived in about a year in Acton (near Agua Dulce). I know exactly where you live! :) Dave, what a small world. I lived a year or two in Canyon Country as a teen (many many years ago) and we also lived in about a year in Acton (near Agua Dulce). I know exactly where you live! :)

]]> By: Dave Joseph http://raincityguide.com/2008/01/24/lock-it-or-lose-it/#comment-262546 Dave Joseph Wed, 13 Feb 2008 15:43:52 +0000 http://raincityguide.com/2008/01/24/lock-it-or-lose-it/#comment-262546 Hi Rhonda, Thanks for the information. I am actually in Southern CA near Six Flags Magic Mountain in Canyon Country. My wife and I own B&R Gallery. You can check out our web site if you like at www.bnr-art.com and I write music too, and you can hear me perform it on "Guitar" at www.bnr-art.com/dave/audio Sincerely, Dave Joseph Hi Rhonda,

Thanks for the information. I am actually in Southern CA near Six Flags Magic Mountain in Canyon Country. My wife and I own B&R Gallery. You can check out our web site if you like at http://www.bnr-art.com and I write music too, and you can hear me perform it on “Guitar” at http://www.bnr-art.com/dave/audio

Sincerely,

Dave Joseph

]]> By: Rhonda Porter http://raincityguide.com/2008/01/24/lock-it-or-lose-it/#comment-260989 Rhonda Porter Mon, 11 Feb 2008 15:12:59 +0000 http://raincityguide.com/2008/01/24/lock-it-or-lose-it/#comment-260989 Dave, great question. How much the jumbo loan limit will be depends on what area you are in. It's estimated that in the Seattle-Bellevue area, the limit will be just under $500,000. HUD will have up to 30 days to publish this information after it's signed into law. And Fannie and Freddie need to determine what additional underwriting guidelines there may be for loans $417,001 - ?. OFHEA is estimating this could take months although I would assume that Fannie/Freddie are not waiting to figure guidelines out. My best guess is that new loan limits could happen in March. When they do, I'm betting there will be a price hit, like 0.25% to rate for loans over $417,000 which is still better than our current jumbos. Dave, great question. How much the jumbo loan limit will be depends on what area you are in. It’s estimated that in the Seattle-Bellevue area, the limit will be just under $500,000. HUD will have up to 30 days to publish this information after it’s signed into law. And Fannie and Freddie need to determine what additional underwriting guidelines there may be for loans $417,001 – ?. OFHEA is estimating this could take months although I would assume that Fannie/Freddie are not waiting to figure guidelines out. My best guess is that new loan limits could happen in March. When they do, I’m betting there will be a price hit, like 0.25% to rate for loans over $417,000 which is still better than our current jumbos.

]]> By: Dave Joseph http://raincityguide.com/2008/01/24/lock-it-or-lose-it/#comment-260966 Dave Joseph Mon, 11 Feb 2008 14:34:34 +0000 http://raincityguide.com/2008/01/24/lock-it-or-lose-it/#comment-260966 Hi Rhonda, When do you think the law will be signed off and the Jumbo will go up to $600,000.00 as I am in an escrow at this moment, and the loan is $517,000.00. Thanks, Dave Hi Rhonda,

When do you think the law will be signed off and the Jumbo will go up to $600,000.00 as I am in an escrow at this moment, and the loan is $517,000.00.

Thanks,

Dave

]]> By: Rhonda Porter http://raincityguide.com/2008/01/24/lock-it-or-lose-it/#comment-251209 Rhonda Porter Mon, 28 Jan 2008 04:40:29 +0000 http://raincityguide.com/2008/01/24/lock-it-or-lose-it/#comment-251209 I just noticed that Aubrey Cohen is reporting that the conforming loan limit may be around $493k...<a href="http://blog.seattlepi.nwsource.com/realestatenews/archives/130402.asp" rel="nofollow">you can read the rest of his post here</a>. I just noticed that Aubrey Cohen is reporting that the conforming loan limit may be around $493k…you can read the rest of his post here.

]]> By: Rhonda Porter http://raincityguide.com/2008/01/24/lock-it-or-lose-it/#comment-250692 Rhonda Porter Sun, 27 Jan 2008 02:18:52 +0000 http://raincityguide.com/2008/01/24/lock-it-or-lose-it/#comment-250692 Kary, I never assume...well, I try not to! ;) Kary, I never assume…well, I try not to! ;)

]]> By: Kary L. Krismer http://raincityguide.com/2008/01/24/lock-it-or-lose-it/#comment-250687 Kary L. Krismer Sun, 27 Jan 2008 01:59:50 +0000 http://raincityguide.com/2008/01/24/lock-it-or-lose-it/#comment-250687 synthetik thinks prices will drop 70-80% (per a post on the P-I blog) so I don't really think he cares much about whether or not 100% financing is really available. synthetik thinks prices will drop 70-80% (per a post on the P-I blog) so I don’t really think he cares much about whether or not 100% financing is really available.

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