Real Estate Information Archive


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Preparing for The Home Loan Process

by Samia S. Morgan

Once you have selected the type of loan you prefer and qualify for, the lender will ask you to complete a loan application, which will require a great deal of personal and financial information, including the following:

1) Your residence history
• Your previous addresses for the past two years
• The length of time you’ve lived at each address
• If you currently rent, your landlord’s name and addresses (for past 12 months)

2) Your employment history
• The names and addresses of all your employers for the past two years
• The dates you worked at each place of employment
• If there have been any gaps in your employment, explain why

3) All outstanding loans and credit cards
• The creditor’s name(s) and address(es)
• Your account number(s)
• The current total balance you owe and the months left to pay
• The amount of the monthly payment

4) Savings, checking or investment accounts
• The names and addresses for each financial institution
• Your account numbers • The current balance or value

5) Real estate you currently own
• The property address(es)
• The estimated market value
• The outstanding loan balance
• The amount of your monthly payment (including taxes, insurance, homeowner’s association dues)
• The amount of your rental income (if applicable) 6) Personal property you own • The net cash value of your life insurance
• The make, year and value of your automobile(s)
• The value of your furniture, jewelry and other personal property 7) Tax records • Some lenders may require copies of your tax records from the previous two years

If you would like to discuss the loan process and to become a pre-qualified buyer, please call us or request a loan analysis.

First Time Home Buyer Tax Credit

by Samia S. Morgan

The Count-Down is on for The First-Time Home Buyer $8,000 Tax Credit
By now you have most likely hear about the First Time Home Buyer Tax Credit that is available till November 30, 2009.

What a great opportunity to invest in your future and build financial security for you and your family.  And, it is a buyer’s market out there right now and the ability for individuals to use the tax credit at closing should have a meaningful impact on home sales and will allow thousands of families to achieve the dream of homeownership.”

The process in purchasing a home is involved and you need to ensure that everything goes smoothly so your closing will take place before the November 30, 2009 deadline.

You need to allow four to six weeks for the loan process, which means your offer should be accepted by mid October and no later than Oct 31.

Don’t let this amazing opportunity pass you by.  Call me so we can discuss your options and receive your free mortgage pre-approval.  We can start looking today and just think you could be a home owner by Nov. 30, 2009 – Just in time for the holidays.

I would be happy to assist anyone you know that would like to become a first time homeowner as well.

San Mateo Real Estate Market Snapshot

by Samia S. Morgan

The San Mateo Market Snapshot offers you the most up to date and accurate information on homes sales in your neighborhood including community and school information. 

Once you have completed the information on the Market Snapshot you will receive an email showing you specific information about your home and the local market, which will look something like the below.  You will have interactive links to learn more about the local real estate market. 

San Mateo Schools Open Soon

by Samia S. Morgan

On August 31, 2009 you will hear the bell ring for the San Mateo school district which is the first day of school. 

This is a very exciting time for your children regardless of age, so make the most of it.

Start them off with a healthy breakfast and make sure they have a healthy lunch to take with them or the schools provide what your child needs.

To make the morning go smoothly have them choose what they are going to wear the night before, pack their back packs with the right esstenials and look over their schedule of classes.  If your child is young take them to the school and show them around so they will be familiar with the settings.  It is always a good idea to have them meet their teachers and other school officals.

This will give your younger children a sense of security and build their self esteem.

You can gather more information from the San Mateo ISD website by visiting. San Mateo-Foster City School District.

Remember to make a note on your calendar for the Parent/Superintendent Coffee Chats.  Stay informed and a great way to know what is going one with your childs school.


Cash for Clunkers

by Samia S. Morgan

By now you have most likely heard about the Cash for Clunkers.  If you feel you qualify for this rebate make sure you do your homework before assuming you can trade that old clunker in for a new one.

Visit for information on how the Cash for Clunkers rebate system works.

Here are some important thing to know:

Consumer Bill of Rights:

  • Qualified consumers may participate in the CARS Program between July 1, 2009 and November 1, 2009 or when authorized funds are no longer available.
  • Qualified consumers will receive a credit of $3,500 or $4,500 for an eligible trade-in toward the purchase of lease of an approved vehicle under CARS Program.
  • Qualified consumers will receive the $3,500 or $4,500 credit at the time the purchase their new vehicle.
  • Dealers must provide consumers with any other advertised rebates or discounts in addition to the credit they receive through the CARS Program.
  • Consumers should expect to conduct their deals at their dealership of choice, not on the Internet.
  • Consumers should expect the dealers to provide their best estimate of the scrap value for their eligible trade-in vehicle. Dealers are allowed to deduct $50 from this value for their administrative costs.
  • Consumers should expect that all information collected through the CARS Program will be kept confidential. Social Security numbers are not required for a CARS transaction.

New Amendment To The Rule

The agency amended its rule implementing the CARS program. Dealers may now choose to disable the engine of the trade-in vehicle after they receive payment from the government for the credit (not more than seven calendar days after payment). However, until the vehicle’s engine is disabled, the dealer must store the vehicle at a location under the control of the dealership.

In addition, because New Hampshire and Wisconsin do not have an insurance requirement under State law, trade-in vehicles registered in these two States are exempt from the one-year insurance requirement.

Remember to visit for information.

Displaying blog entries 1-5 of 5




Contact Information

Photo of Samia S. Morgan, Inc. Real Estate
Samia S. Morgan, Inc.
dba Samia Realty Group
BRE# 00967165
San Mateo CA 94403