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This is the ONE – for First Home Buyer

May 3, 2013 by

I have to admit that I am falling in love with this house myself.  It’s a rare find two-level townhome that has a very decent size backyard and very enjoyable location. Add on top of that, there is also a large balcony connects to the master bedroom. Image you open the large sliding door from your master bedroom before you go to sleep, breathe in the fresh air in quite evening, how delightful it is.

If you like entertaining,  you can have a summer BBQ in it’s nicely landscaped yard. Or you can have a formal dinner in it’s sizable, bright formal dining room with good view of the yard.

Every room is so spacious in this house and it literally has two master suite. The high ceiling in the living room is another beautiful aspect of the house.

Well, pictures are better than words. Here is the link to the virtual tour: www.1584fairwaygreencir.com

If you like it as what I do, come to check it out in person. We have open house Sat and Sun from 1:00 to 4:30 pm.

Last, the price is very friendly for first home buyer too at $548,000 for the listing price.

Filed Under: North Valley San Jose 95131 Tagged With: , ,

5/1 ARM Conforming Loan 2.25%

April 18, 2013 by

After a spike of rates over the past few months, mortgage rates come back down lately. 5/1 ARM for conforming loan (loan amount 417K or less) hit a low level not seen before: 2.25%

30 Year fixed rate for confirming is also back to 3.375%. Not back to the lowest yet but come back from higher level of 3.5%

Below is a list of best rates on 4/18/2013

The conforming 417K:

  1. 30 year fixed 3.375
  2. 15 year fixed 2.5
  3. 5 year ARM, 2.25
  4. 7 year ARM, 2.5

High-balance (super conforming)

  1. 30 year fixed 3.5
  2. 15 year fixed 2.875
  3. 5 year ARM, 2.75
  4. 7 year ARM, 2.875

 Jumbo – very good too. Call for details.

 The above rate is No Point, No Fee for the best case scenario (60% LTV, 740+ FICO, etc) for conforming and super conforming. It could be affected by borrower’s credit score, property’s loan to value ratio, lock period, and loan amount.

For ARM loans, if prepaid interest is zero (closing at end of month), the APR = 1 year libor index + 2.25

 Rate subject to change as well as lender’s approval and qualification

Filed Under: Mortgage Rate Tagged With: , , ,

Open House: 1566 Mission Springs Cir in North San Jose – Sat & Sun afternoon

April 18, 2013 by

The housing market is so hot. My last listing 1310 Araujo St in north San Jose sold in one week and received 36 offers, more than even my highest expectation.

I am bringing to all the buyers who are searching that good house to call home a new listing this week: 1566 Mission Springs Cir in the same neighborhood of North San Jose. I will host open house from 12:30 to 4:30 on Saturday (4/20) and 1:00 to 4:30 on Sunday (4/21)

The amazing thing about this house is the owner is the original owner. The house was built in 1989 so the owner lived there for 24 years. The handsome bamboos grow tall and become a very nice view in the yard. Here are more details of the house: 3 bed, 2 bath, 1630 square feet living are and 3500 square feet lot. Nice location as it only just a few steps to walk to the park and golf course. Offer price is $698,000.

I will see you at the open house and hope you are the lucky new owner who can bring another long and joyful memory to this beautiful house.

Below is the photo of the house front. For more photos, go to virtual tour: www.1566MissionSpringsCir.com.

1566 Mission Springs Cir, San Jose

1566 Mission Springs Cir, San Jose

Filed Under: North Valley San Jose 95131 Tagged With: , ,
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