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Kent Salveson

Agent

Broker / Tax Attorney / Contractor, California Real Estate Broker (34 years experience)

Specialties:
Buyer's Agent,
Foreclosure,
Short-Sale,
Legal

Advice

  • (4 Contributions,
  • 0 Best Answers,
  • 1 Helpful)

Contributions are sorted newest to oldest.

How is Citi offering these Jumbo rates?

Answer

The recent low rates of Mortgage Lenders are due to the reduction of the rate at which the U.S. Government will lend to the Mortgage Lenders.They are a reflection of the Government's efforts to stimulate economic growth.However, many Mortgage Lenders are still lending with very cautious standards because of the 2006/7 mortgage crisis.

  (1)
How do you know with all the houses that are for sale if the area is good?

Answer

Many different characteristics can define whether or not any particular location is desirable.It all depends on the type of client, what their interests are, as well as their personal characteristics and dispositions.Most people consider areas with a history of positive economic growth good.Whether or not any particular area has a history of positive economic growth depends on the types of businesses operating there, the local government organizations, and the employment rate.

  (0)