www.themortgageadvantage.com It’s official. Our government is slowly killing the Arizona housing market. President Obama torpedoed the already distressed home financing industry by announcing the gradual raising of down payments to a minimum of 10% on conventional loans. He touted a 2009 survey by the Federal Reserve Bank of St. Louis that reported families who placed minimum down on their home purchases were more likely to default. Really? 2009 is eons ago in housing terms and those figures are probably reflective of the 100% loans offered from 2004 through 2007. But you would have to actually pay attention to today’s numbers to know families aren’t ‘Toughing it out’ in a house that has lost 50% (or more) of its value, no matter what they put down. In 2004 studies surfaced proclaiming 100 percent financing was hunky dory. At that time housing prices were increasing, the economy was swinging. What could possibly go wrong? Or maybe it was the same survey that reported the more paperwork you sign, the less likely you will foreclose. “Homes Are Now Difficult to Buy” incentive program, or HAND in keeping with the governments love of catchy acronyms, was joined by FHA’s broadcast of a second mortgage insurance premium (MIP) increase in six months to help shore up its reserves. Before September, the monthly MIP on a 0000 FHA loan was .66. After April it will be 1.67, that’s right, a 0.00 a month jump in payment. In the 30’s the government stepped in to save the …
Background on NACA’s “Save the Dream” program, which has helped homeowners across America restructure and renegotiate home mortgages and home loans they can no longer afford. For more information, please go to www.naca.com
www.oppenheimlaw.com Florida Foreclosure defense attorney and legal blogger, Roy Oppenheim, talks about how to do a Strategic Default. A Strategic Default is getting expert advice from your Florida foreclosure defense attorney or Florida real estate attorney to engage your Florida bank in a conversation to re-evaluate your situation. Unfortunately, Florida banks do not respond when you pay your mortgage every month. As a result, you need to engage your Florida bank through a strategic default. As part of this Strategic Default Roy Oppenheim highlights the following actions: – Modification – Florida foreclosure defense – Florida Short-sale – Go bankrupt – A permutation of the above options Roy Oppenheim states that the only bailout for Floridians is one that they initiate themselves. The Florida Government programs are failing, leaving it up to Floridians to take matters into their own hands through methods like Strategic Default. www.oppenheimlaw.com In a series of short clips Roy Oppenheim will be covering important topics concerning Florida foreclosure defense and what you can do to better manage today’s state of the real estate market. Roy Oppenheim will be covering a variety of topics including the following: – Florida Short Sales – Florida Strategic Default – The State of Florida’s Real Estate Market – Florida Foreclosure Defense – Florida Deficiency Judgements – Florida Second Mortgages Subscribe to Roy Oppenheim’s channel to partake in the Summer School Series and …
Shanna Wroten-Tucker of Waterstone Mortgage – Prime Equity Group in Boise Idaho shares good refinance news for responsible homeowners as provided in the Obama plan. Customer and firefighter Shane Lowe talks about his refinance success story. Go to www.homeloanboise.com
Should you use the equity in your house as collateral to acquire the financing you so crucially need? We can help you get that bad credit mortgage refinance that you are looking for!
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“I have been on the Money Merge Account system for 1½ years now, and I have saved over 000 in interest so far. Believe me when I say the system works and I am a spokesperson for UFirst!” -Bert W. What would you like to have free and clear? Your mortgage, your debts, your kid’s education, your employment, your time? Getting control of your financial situation is the first step to accomplishing your goals and dreams. Let the award-winning Money Merge Account ® program help you pay off all of your debts in as little as ½ to ⅓ the time without refinancing your existing mortgage and without changing your income. Don’t delay, see how much time and money you could potentially save with the Money Merge Account program.
Obama announced his action plan to revive the housing industry. The focus is to assist current home owners with there current mortgage, whether it is a refinance or loan modification. Also additional money will be used to purchase mortgage back securities to maintain mortgage rates in there current position. The plan has a deadline of March 4 but details still have not been announced.
Learn more about loan modification and Refinance Plus from Quicken Loans at www.quickenloans.com The government’s Making Home Affordable Plan is aimed at ending the foreclosure problems facing our country. Starting now, millions of Americans may be eligible for refinancing or loan modification and you should talk to a mortgage banker right away to find out if you qualify. If you’re one of the millions of homeowners who has made your mortgage payments on time, then the government’s plan is great news for you! Refinance Plus – a streamlined refinance process, can now help several million homeowners to refinance to a lower fixed rate and payment – even if you couldn’t qualify because of low home values and lack of equity. And most importantly, lower credit may not be a problem! Here’s how it works: The message of the plan is clear – the government wants American homeowners to take advantage of historically low mortgage rates. In fact, a third of the money the government dedicated to keep rates low has already been spent. At this point, waiting any longer could cost you money. We’ll work with you to determine your home’s value, your equity and what kind of new loan you need. This is fantastic news for nearly 5 million people who couldn’t previously refinance under traditional guidelines. It’s that simple. Were also getting some Questions about Loan Modification. Loan modifications were intended solely to protect homeowners from foreclosure, and to stop the decline of property …