Fed Cuts Interest Rates by 1/2 Point

Great news if you are looking to refinance and/or purchase a new home. If you have an adjusted ARMs program and wanted to get a fixed rate, you should consider to get a free quote now.
From today’s news: The Federal Reserve on Wednesday cut a key interest rate for the second time in just over a [...]

Good News for Struggling Housing Market

Below summarized the stimulus plan from last week announcement by The House of Representatives, along with Tresasury Secretary Paulson, on behalf of the Bush Administration.

FHA reform will –

Stimulate new home sales and refinancing
Reduce the number of families facing foreclosure
Give families who want to purchase a home a safer alternative to many of the riskier [...]

Excellent Opportunity to Refinance

The Congress and Bush administration are trying many ways to rescue the current real estate markets, rates are competitive and also at its lowest in the past 6 months.  For example, conforming loan (loan amount less than $417K), over 720 FICO, full income documentations can get as low as 4.875-5% (approx. 5.127 APY) in today’s market. [...]

Conforming loan amount will increase to help boost up housing market

On Jan 25, 2008, according to House Republican Leader Rep. John Boehner, a side agreement to the proposed $150 billion economic stimulus package would raise the conforming loan limit from $417,000 to $725,000, allowing Fannie Mae and Freddie Mac (”the GSEs”) to buy up and guarantee loans now considered “jumbo.” The upper limit for FHA [...]

Why is it important to have a good credit score (aka FICO score)?

We’ve been asked this question many times so I thought I would write about few scenarios with high FICO score vs. low FICO so you can see the diff. in terms of interest rates based on mid-Jan mortgage market. The monthly payment is based on loan amount $600,000 Interest Only (I/O) program as an example:
 30 year mortgage [...]

Open House Tours – 1 bedroom @ The Palms San Francisco / Luxurious Building and many amenities to offer

RENTAL ANNOUNCEMENT: We have an open house scheduled for 555 4th Street, San Francisco, CA. Please join us at 10:30am @ January 26 (Saturday) The Palms lobby if you are interested.  Private appointments are also available. Please call 1-888-882-PARC (7272) to schedule.
We look forward to meeting you!
Posted by: Kathy Chan / kathy@parcbay.com

New Testimonial – Property Management and Leasing Services Experience

I have listed my property with Parc Bay for 2 consecutive years and continue to be surprised by Kathy’s effectiveness and professionalism. It brings me great relief as an owner to know my property is being filled quickly and with high caliber tenants.
Josh H. San Francisco Jan 2008

Still Available! great FULLY FURNISHED rentals in San Francisco

Parc Bay has two exclusive rental listings that are still available! Don’t miss the opportunity to live in one of the world most amazing place here in San Francisco.
Perfect for executive relocation and/or short terms (min. 6 months) rentals.
201 Harrison Street, San Francisco, CA 94015 > Available now! $3800 Fully Furnished  2 bedrooms with one parking. [...]

New Rental Listing – Modern LIVE/WORK bi-levels loft

Happy New Year! Peace, Good Health and Much Happiness

Dear our valued clients, 
Happy 2008! We would like to take this opportunity to thank you for allowing PARC BAY serving your real estate needs over the past years. We wish you the year ahead bring peace, good health, and much happiness to you and yours. We look forward to be of service again. If we can [...]