NO Appraisal Required on Home Path Loans | Fannie Mae Home Path Program For Bay Area Buyers
November 6, 2009
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The Home Path Mortgage Program offered for Fannie Mae owned properties is a great way to go if you qualify. There are some key benefits to financing your new house with the Home Path Program. We are experts at getting you qualified and closed.
Some of the best benefits of the Home Path Program are
- A low 5% down payment. The only program that is lower is FHA
- You don’t have to have great credit in order to qualify for this program. If you have a 640 FICO you qualify!
- Available for primary homes, 2nd homes and Investment Properties!
- Down payment can be funded with a Grant, Gift or a Loan. No other program allows this
- No Mortgage Insurance Required
- NO APPRAISAL!!
- Flexible terms of 30 year 20 year or 15 year. ARMs Fixed and Interest Only
If you or someone you know is looking into creative programs for today’s lending market Jason Wheeler and Cobalt Financial Can help you!
Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Area Event |
Bay Area Mortgage Rates and Programs | 125% LTV Refinances | Bank Bailouts Hose the Consumer
November 5, 2009
Subscribe Via RSS | Free Added Value | Free Event | 925-285-2172
Hot Home Mortgage 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.
- Fannie Mae Freddie Mac Refinance Plus! HARP Refinance your home up to 125% of the value.
- Concord CA Affordable Housing and First Time Home Buyer down payment assistance up to $40,000!
Rates 11/05/2009
- 30 Year Fixed Conventional $417,000 and Below 4.75% NO Points
- 30 Year Fixed High Balance $417K to $765k 5.375% NO Points
- 5/1 Conventional ARMs at 4.00% NO Points
Rates are subject to changes without notice not everyone will qualify for any given program. Call 925-285-2172 for consultation and pre approval. If you have questions about qualifying for any of the programs above or if you just like to learn more, we take a professional approach to helping you find the best solutions for your unique situation.
Bank Bailouts Find Another way to Hose the Consumer! learn why the artificial rates are helping to get people to buy houses! Watch your credit cards!!
Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Area Event |
Finally HVCC Takes a Major Blow | 10-23-09 | Tough Appraisal Laws Working for Repeal
October 23, 2009
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It looks like your local Mortgage Broker Assosiation has made some significant progress on repealing the HVCC appraisal restricitons that have been allowing the Banks and the Government to control Housing prices since May 1st of this year. If you are in the industry then you know that this has been a major pain for anyone in the Real Estate business including the consumers and th first time home buyers.
This Report form Think Big Work Small is absolutely worth taking two minutes to check out. The wheels are in motion to have HVCC repealed allowing Mortgage Brokers and Real Estate Agents work more efficiently for thier clients.
Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Are Event |
Real Estate On Sale Like Never Before | Bay Area Real Estate Investment Clubs
October 19, 2009
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Everyday I speak to a ton of different people and I am always so amazed as to how many people are just so negative about the real estate market. I tell people now is a great time to invest in real estate and even create an income from real estate. I started doing some research to actually show everyone WHY REAL ESTATE and came up with some great information.
First of all Real Estate is definitely on sale. According to the chart below Real Estate has statistically NEVER been cheaper. If you bought 20 homes 20 years ago you’d probably be well off. Well what will you say 20 years from today.
If you would like to learn how you can get started, regardless of if you have a lot of money or no money all you really need is the desire to succeed and be successful.
Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Are Event |
Extension of the $729,750 Maximum Loan Limits | Bay Area Mortgage Lending
October 12, 2009
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The U.S. House of Representatives has approved an extension of the $729,750 maximum loan limits for Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA) through September 2010 for single family properties. These loan limits would otherwise expire at the end of December 2009 under the terms of the economic stimulus legislation signed by President Obama in February.
This extension is included in legislation passed by the House and now being considered by the Senate, H.R. 3288, “The Transportation, Housing and Urban Development, and Related Agencies Appropriations Act for Fiscal Year 2010.” MAA strongly encourages you to take action now and contact your members of the Senate to support this key legislation to the real estate finance industry.
Click here to take action. If you need to update your home address, you will be prompted to do so before being taken to the Action Center. If you don’t have, or forgotten your username and password, click on “forgot password” to get started.
Remember, being a MAA member is free, easy and totally voluntary. MAA is the premier grassroots lobbying organization of the real estate finance industry. The mission of the Mortgage Action Alliance is to further build a network of individuals dedicated to strengthening the industry’s voice and lobbying power in Washington, DC and state capitals.
If you’re not a MAA member, please join by clicking here to take action. Taking action will start or renew your free MAA membership for one year.
Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Are Event |
Weekly Wrap-Up | Bay Area Mortgage Broker 125% LTV Refinance
October 9, 2009
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"The Weekly Wrap Up"
Presented by Jason Wheeler
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! Thank you for continuing to read.
NEW PROGRAM!
FreddieMac Opens Access to other Servicers for the Relief Refinance 125% LTV Loan
Beginning October 1, 2009, Flagstar Bank implemented the FreddieMac Open Access program. Now you can take a loan that was sold to FreddieMac and is currently serviced by another lender, and refinance it with our banking partners. This is a major change and we are one of the very few major lenders to offer this program. We are also one of the few lenders that also offer the Fannie Mae DU Refi Plus up to 125% LTV.
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 125% 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 5.125%
- Conventional or FHA 30 Year Fixed One Point 5.00%
- Conventional 5 Year ARM 4.5%
Here we are wrapping up Friday 10/09/2009 rates have seen a recent major spike in mortgage backed securities the past few days. If you had to lock at all this week you were likely worse off than the week before. You can look at weekly rate trends Here.
EVENT!
Investor Forum in Fremont CA 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!
Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Are Event |
FreddieMac Open Access to other Servicers for the Relief Refinance 125% LTV Loan
October 9, 2009
Come to an Event | Subscribe RSS Feed | 925-285-2172
Beginning October 1, 2009, Flagstar Bank implemented the FreddieMac Open Access program. Now you can take a loan that was sold to FreddieMac and is currently serviced by another lender, and refinance it with our banking partners. This is a major change and we are one of the very few major lenders to offer this program. We are also one of the few lenders that also offer the Fannie Mae DU Refi Plus up to 125% LTV.
BENEFITS
Maximum LTV of up to 125% with no maximum CLTV.*
Loans with an LTV greater than 80% with an escrow waiver on the original loan may be eligible for an escrow waiver on the new loan.*
Minimum credit score determined by LP.
Proceeds of up to 4% of current unpaid balance or $5,000 can be used to pay closing costs/prepaids and financing costs.
Mortgage insurance is not required if existing loan does not have mortgage insurance.
FLEXIBLE TERMS
15-, 20- and 30-year "xed-rate
5/1 adjustable-rate option
ELIGIBLE PROPERTY TYPES
1- to 4-unit properties
Freddie Mac-eligible condominiums**
Planned unit developments (PUDs)
Connect with Jason Online!
Facebook | Twitter | LinkedIn | Come to an Event
Until Next time Here is to your success! Jason Wheeler 925-285-2172
CA Short Sale Approvals in 21 Days! | Bay Area Real Estate Investors
September 25, 2009
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Governor Schwarzenegger has recently signed SB 306, which mandates lenders and loan servicing companies to respond in writing to short sale payoff requests within 21 days of receiving it. This law will be effective on January 1, 2010 in California. Wachovia Bank is ahead of the game and has already streamlined their short sale approval process -sometimes providing the short pay statements on the spot!
If the lender’s short-pay statement requires approval of the settlement statement or HUD-1, which is prepared by an escrow officer, the lender must provide the payoff demand statement or rejection letter no later than four days after receiving that closing statement. I can’t wait to find out if the banks are prepared to comply with this portion of the bill provision; If they do not meet that deadline, I don’t know what the penalties are either.
Exceptions: Lenders are not obligated to respond so quickly with a payoff demand statement if the loan is subject to a recorded notice of default (NOD). The short sale package (equivalent to a written demand for the payoff statement) must be received prior to the first publication of the notice of trustee sale or the notice of the first date of sale established by a court.
While the lenders aren’t required to approve short sales (oh we wish!), they ARE required to either reject or approve the sale in writing within that time frame. This is a huge win for everyone involved, the whole real estate market and community will benefit. I can envision fewer properties going into foreclosure, fewer vacant and abandoned properties, and more people able to afford their mortgages. Those that do a short sale of their homes even get to qualify to buy again that much sooner! And of course, they will NEVER have to say YES when asked if they’ve ever had a foreclosure
Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Are Event |
Weekly Wrap-Up 9/11/09
September 12, 2009
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"The Weekly Wrap Up"
Presented by Jason Wheeler
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!
Weekly Wrap Up 9/4/09 | Concord CA Investor Forum This Week
September 4, 2009
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"The Weekly Wrap Up"
Presented by Jason Wheeler
As we all hurry out of town for the long weekend I wanted to drop a quick note to update you on what happening in the ever changing world of Real Estate Finance this week. 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!
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 5.125%
- Conventional or FHA 30 Year Fixed One Point 4.75%
- Conventional 5 Year ARM 4.25%
Here we are wrapping up Friday 9/4/2009 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 better off than the week before. You can look at weekly rate trends Here.
ANNOUNCEMENT!
Investor Forum in Concord CA 9/10/09! RSVP Here!
Join us with Bob Snyder and learn from a ton of Real Estate Entrepreneurs and Investors. 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!
Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Are Event |
