GREEN TIP: Packing Materials

July 24, 2012
By: cometrealty

Styrofoam packing peanuts, bubble wrap, and foam are useful during a move, but not for the environment.  To go green on your next move, try using old newspapers to wrap fragile items, and then recycle the paper when you unpack. Wrap pieces of furniture and art with blankets to ensure they do not get damaged during the move instead of packing them in foam. If you must use non-biodegradable packing materials, ask around to see if anyone has any from a past move to give…
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Mortgage Rates Continue to Set New Record Lows!

July 2, 2012
By: cometrealty

Mortgage rates continue to set new record lows, leaving many home buyers and refinancers wondering how low rates can go and how to capture the best rates now. Making sense of the story: Many economists are forecasting that mortgage rates will rise again later this year as the American economy gradually improves and as more global investors turn to the U.S. as a safe haven for money. The average rate on a 30-year fixed-rate mortgage averaged 3.66 percent the month of June. This is the…
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Advantages of Pre-approval

June 29, 2012
By: cometrealty

The housing market is warming up in many areas, with multiple offers becoming more commonplace. Buyers who want an advantage in the bidding process will need more than a mortgage prequalification – they will need a pre approval. Making sense of the story The differences between mortgage prequalification and preapproval are significant. Prequalifying for a mortgage is based solely on what a borrower discloses to the loan officer or broker about his/her earnings, credit score, and total assets, including what is available for a down…
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Comet Realty’s Photo of the Day

June 15, 2012
By: cometrealty

What is wrong with this picture?  Let me count the ways: 1. A wood stove2. Made out of wood 3. Guaranteed to burn 4 hours 4. Made in Poland 5. Only $48.95 We found this in a machine shop in a very unique house we were showing to one of our clients. It could barely be seen through the dust of the years (and I mean years). We dusted it off and sure enough, it said what we thought it said.  Firewood costs $5/bundle. It…
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How to pump up your credit score

May 25, 2012
By: cometrealty

To avoid another real estate bubble, many lenders have tightened their mortgage requirements.  According to a report by the Federal Reserve, a majority of banks are less likely to offer loans to people with a FICO score of 620 and a 10 percent down payment than they were in 2006.  Lenders were also less likely to do so even for those with a score of 720.  The good news though is there are some tactics that consumers can employ to raise their scores. Making sense…
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Quote of the Day

April 2, 2012
By: cometrealty

Real estate is at the core of almost every business, and it’s certainly at the core of most people’s wealth. In order to build your wealth and improve your business smarts, you need to know about real estate.  ~ Donald Trump


Six Must Haves for Mortgage Approval

March 12, 2012
By: cometrealty

Interest rates are hovering around historical lows, and low interest rates increase affordability, making it easier for buyers to qualify. Yet stories of buyers waiting months to gain loan approval and home purchase transactions not closing on time due to lender’s strict underwriting are all too common.Some buyers are turned down for illogical reasons. For instance, if you have investments — even if they’re performing well — an underwriter might deny the mortgage because your portfolio doesn’t fall into the underwriter’s risk assessment model.One couple…
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FOR SALE: 1938 Bungalow in Downtown Templeton

February 11, 2012
By: cometrealty

This terrific 1938 bungalow is located in downtown Templeton, California at the corner of First & Main. Currently used as an office, this quaint property offers hardwood floors, coved ceilings, arched doorways, plaster walls, and a remodeled period style restroom. It has recently been painted with updated wiring and insulation. Exterior features include great visibility, custom concrete walkways and patio, landscaping, 2 beautiful heritage oak trees, garage, shed, and a large parking lot. 100 S. Main in Templeton has amazing potential. Contact your favorite Comet Realty…
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