If you are considering buying a home, it is highly recommended that you know what’s on your credit profile before you even apply for mortgage loan.

By ordering an annual copy of your credit report, you can enjoy the peace of mind of knowing that you have not been reported derogatory information by a credit reporting agency, or that you have not been reported inaccurate personal information or that you have not been a victim of identity theft.

In 2003 President George W Bush signed The Fair and Accurate Credit Transactions Act of 2003 which allows anybody seeking to know what’s on their credit report to do so by ordering a free annual copy of their credit report from the main credit bureaus: Equifax, Trans Union & Experian.

Should you want to request a copy of your credit report, you can do so by visiting a central web-site that was put together by the 3 giants of credit reporting (Equifax, Trans Union & Experian.)

You can grab a free copy of your credit report by visiting this page:  www.annualcreditreport.com

It’s secure & confidential, your FICO will not drop when you order a copy and the best part is that it’s FREE

It’s being broadcasted in the news “There will be another wave of foreclosures” but the truth of the matter is the “Tsunami” of foreclosures might never hit us.

With consumer confidence up, and REO or Bank owned homes selling in a day or sometimes in a matter of hours…The banks and government cannot afford to flood the market with Bank Owned homes.

In some areas of Southern California, the current inventory of homes has decreased from an outrageous 25 month supply to a low 2.2 month supply making a lot of areas a Normal Market!

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A tax credit is accessible for qualified first-time home buyers buying a principal residence on or after January 1, 2009 and prior to December 1, 2009. The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.

The First-Time Home Buyer Tax Credit is part of the American Recovery and Reinvestment Act of 2009.
Through it, Congress allow first-time home buyer’s to receive a tax credit of up to $8,000. The program’s goal was to stimulate first-time home buyer’s buy a home, and by most measures, the plan has work really well.

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Have you ever wonder what percentage of homes are selling in Rancho Cucamonga and the surrounding areas in comparison to the number of homes that are being listed during the month of June, 2009.  We have taken the time to prepare a graph that will show you exactly how many homes are being listed in Rancho Cucamonga,  La Verne, Upland, San Dimas and other areas close to Rancho Cucamonga.

Also, in the graph below, you will see what percentage of listings are expiring during June 2009 and what percentage of homes are being kept vacant.

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