“I’m a veteran from the first Gulf War. I know for awhile that it was almost impossible to use my VA to get a loan to buy a home in San Diego. Has that changed? ” ***ANSWER: I want to first say, THANK YOU for your service to our country. In answer to your question,

“I’ve heard that if I sell my home and then change my mind, I can rescind the contract and cancel. How long is my right of rescission? Isn’t it 3 days?” ***ANSWER: Real estate contracts offer no right of rescission for either party. While not a right of rescission, the buyer of a property usually

“Hi Gary. Yesterday my wife and I got pre-approved for a mortgage by a loan broker. But we didn’t make a loan application and he was late for an appointment, so I don’t even think he ran our credit. In fact, we didn’t give him our social security numbers, so I don’t think he could

“How do I know the agent I’m talking to isn’t going to under-price my home for a quick sale?” ***ANSWER: Great question. Here’s an answer that sounds like the right one, but may not be: “Get a couple of other opinions.” Now this isn’t necessarily a bad approach. But it doesn’t always work as you’d

“We’re in escrow to buy a home and supposed to close in three weeks. We locked in a loan at what I thought was a fair rate, but I was talking with another mortgage broker who said she could definitely get us a rate .25% lower. Do you think our first lender was overcharging us?”

“When we sold our home in Pasadena, we told our agent we didn’t want a sign and he said that was fine. Would you require us to have a sign?” ***ANSWER: No, but… Why don’t you want a sign? If you’re like most people, it’s because you don’t want your neighbors to know you’re selling.

“Last week you answered a question about FICO scores. But what actually makes up a FICO score?” ***ANSWER: Here’s what goes into your FICO, with some comments and tips: 35% – Payment history How current you are with your monthly bills. So pay everything ON TIME. 30% – Amount of debt It’s best to never

“Something very strange just happened and I’d like your comments. My wife and I listed our home and after a couple of weeks we got two decent offers the same day. Since we had two buyers on the hook, so to speak, we took our time and countered back at our full list price. To

“Hi Gary. I just had my credit run and my FICO score is a 633. Is that good?” ***ANSWER: Please refer to this chart: 720+ AA 700-719 A 680-699 B+ 660-679 B 640-659 B- 620-639 C+ 600-619 C 580-599 D 350-579 F 680+ / “Low Risk” With credit this stellar, you’ll get the very lowest