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From the monthly archives: July, 2012

We are pleased to present below all posts archived in 'July, 2012'. If you still can't find what you are looking for, try using the search box.

San Diego home prices up 4th month in a row, S&P says

  The UT San Diego's Lily Leung Reports Reports San Diego and most of the U.S. cities featured in a major real estate report released Tuesday showed either gains or improvement in home prices in May. All 20 areas in the monthly S&P/Case-Shiller index posted increases from April to May. San Diego prices rose 0.9 percent, marking its fourth straight month-to-month bump. Chicago and Atlanta saw the biggest monthly increases, at 4.5 percent and 4 percent, respectively. When comparing this May to last May, local prices fell 1.1 percent. On a year-over-year basis, values have been down for the past 16 months. The last time San Diego posted a year-over-year increase was in January 2011, when values rose by 0.1 percent. Related: San Diego home prices, sales up in June Phoenix posted the highest year-over-year gain, at 11.5 percent. The worst showing was Atlanta with a 14.5 percent drop. On a national basis, prices are seeing improvement overall, the report sai ...

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What is a VA Streamline Refinance/VA Loan?

Update (July 9, 2012) : This VA Streamline Refinance information is accurate as of today. VA guidelines have changed so if you’re getting VA Streamline Refinance information somewhere else on the internet, make sure it’s current and accurate. What is a VA Streamline Refinance/VA Loan? VA loans are a special loan program designed specifically for veterans, issued by approved lenders and guaranteed by the federal government. The VA Streamline Refinance is the most common loan type within the VA loan umbrella, and is officially known as an Interest Rate Reduction Refinance Loan (IRRRL) by the government. The VA loan’s definitive characteristic is that veterans with qualifying credit and income can purchase a home with no money down, which makes buying a home extremely attractive for those who have served in the military. In addition, VA loans also offer feature flexible requirements, no private mortgage insurance (PMI), and very competitive interest rates. In order to qualify for a VA Loan, ...

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