Help Is On the Way For Californians to Keep Their Homes

The “keep your home program” received nearly $2 billion in federal funds to help struggling California families pay their mortgage and stay in their homes. The California Housing Finance Agency is handling this program.

The program officially launched this month January 2011. Depending on the circumstances, you may be eligible for up to $3,000 in assistance to help pay your mortgage. The term is six months with the expectation that you will be employed at the end of this time frame. Read the rest of this entry

Realtor Designation vs Licensed Sales Agent

What is the difference between a Realtor® and a Licensed Real Estate Agent

I am glad you asked. Many people think they are no differences when in fact there is a huge difference.

A Realtor belong to the National Association of Realtors®, and the local board of Realtors.  Realtors abide by a code of ethics and as such are held to higher standards.  As part of our membership, we are alerted on new laws affecting real estate, access to legal assistance, market updates, news and so much more.

17 things that a REALTOR® promises to do: Read the rest of this entry

Home Remodeling – What is the Return on Investment

Home Remodel ROIA survey conducted by Remodeling Magazine across 80 cities with over 3,000 responses from  appraisers, sales agents and brokers in the summer of 2010 gives a realistic view of what you can expect to recoup from remodeling, upgrades in your home. Please keep in mind these are national averages and return on investment will vary across the Country.

Here are the top five projects.

1.  The Front door.  That makes sense as this is what buyers see when they approach the home and are staring at it while waiting to enter the house. The key here is to make sure the new door compliments your home. Don’t buy the most expensive door only to find that it looks out of place for the style of the home.  Return on investment 102.1%. Read the rest of this entry

Mortgage Interest Deduction Under Scrutiny

We all know about the huge deficit in the Government and the biggest question – How are we going to pay for this? One answer from the administration is:

Eliminate the Mortgage Interest Deduction!

As current homeowners and would be homeowners the mere thought of this is discouraging and simply not a smart way to jump start the housing industry. This would do more harm than good and we as Realtors are keenly aware of this.

The National Association of Realtors is campaign hard to ensure that the mortgage interest deduction stays in place. To that end California Representative Gary Miller (R-42), along with five original cosponsors have introduced House Resolution 25. Read the rest of this entry

5 Great Home Financing Programs

Mortgage financing available

Many people I speak with are unaware of the financing programs available to purchase a home. These loans are not only for first time home buyers. Home mortgage programs are designed to offer buyers who qualify for mortgages, but may not have the cash required to purchase a home. Some of the features are little or no down payments, closing costs waived,  FICO scores in the low 600’s, and free grant money.

Here is a list of the 5 home mortgage programs currently in force (January 2011) to help you buy a home.

1. Fannie Mae Home Path Program – this program is designated for Fannie Mae REO properties and both home owners and investors can take advantage of the loans. Requirements:

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