Weekly Wrap-Up 9/11/09

September 12, 2009

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"The Weekly Wrap Up"

Can you believe it’s been eight years since that horrible day in 2001? I wanted to drop a quick note. My goal is to keep you informed and updated on what’s new in the financing world. You can get in touch with me for any financing questions between 9am and 7pm Monday through Saturday on most weeks at 925-285-2172. My commitment is service to business partners and clients!

Did you know that first time home buyers in Contra Costa County have the ability to qualify for a Mortgage Credit Certificate. Not many lenders will process these but we will. If you qualify you can save up to 20% on the mortgage interest you pay, every month!

On a monthly interest only payment of $2,500 you can save $500 EVERY SINGLE MONTH for the life of your 30 year fixed loan!! This little known program is linked below and We are successfully closing these for several clients. If you or anyone you know would like to learn more please let us know!

Hot Programs!

FHA 203K Rehab Loan. Perfect for today’s REO fix up environment. Get up to $30,000 upon closing for repairs and upgrades on your new home purchase.
Contra Costa Mortgage Credit Certificates. Get up to 20% tax credits on interest paid on your mortgage throughout the year!
100% Financing with VA Loans!
Government Programs up to 97% Financing. with $8,000 in Tax Credits for First time buyers expiring at the end of 2009..
Fannie Mae Refinance Plus! Refinance your home up to 105% of the value.
Concord CA Affordable Housing and First Time Home Buyer down payment assistance up to $40,000

Below is a bit of news on the weeks pricing trends and mortgage rates!

Conventional or FHA 30 Year Fixed No Points 4.875%
Conventional or FHA 30 Year Fixed One Point 4.625%
Conventional 5 Year ARM 4.125%

Here we are wrapping up Friday 9/11/2009 rates have bee consistently lower for the past two weeks. We have not seen pricing this good since May. If you had to lock at all this week you were likely pretty close to the week before. You can look at weekly rate trends Here.

EVENT!

Investor Forum in Fremont CA 9/16/09! RSVP Here!

Join us with Hermie Bacus and Jeff Thompson learn from a ton of Real Estate Entrepreneurs and Investors that are helping people like you create massive wealth in Real Estate TODAY!!. This will be a packed evening event where you will learn nuts and bolts Real Estate Investment knowledge to take advantage of what is happening in the market RIGHT NOW!