Lupita Terlau

Como Refinanciar Su Propiedad Cundo Poca o Nada de Plusvalía
June 21, 2011 · · 1 Comment

Recientemente, yo tome una aplicación de una veterana que quería refinanciar a sus dos préstamos en la casa que compraba hace dos años.  Ella se ahorraría $700 por mes con su nuevo préstamo fijo a 30 años con una  tasa de interés del  4.75%.

Esto me recordó que todavía hay mucha gente que no han aprovechado  las bajas tasas de interés  disponibles  porque  piensan que no tienen suficiente equidad/plusvalía  en su propiedad para refinanciar.

Simplemente, quiero compartir tres opciones a considerar si esta es su situación:

1.      Opción de Fannie Mae o Freddie Mac – Depende si Fannie o Freddie posee su hipoteca actualmente, se puede refinanciar aunque  se deba más del valor actual de su propiedad  

¿Has visto si Fannie o Freddie posee a su préstamo?  Si no, visite los siguientes enlaces:

  • Hace clic aquí para confirmer si Fannie Mae posee a su hipoteca
  • Hace clic aquí para confirmer si Freddie Mac posee a su hipoteca

 2.       FHA

FHA asegurará hipotecas hasta 97.75% del valor de la casa.  El monto máximo del préstamo es $729,750 en los condados de San Mateo y San Francisco.  Este límite del préstamo va a bajar al fin de 2011.

 3.       VA

 Si Ud. o su cónyuge es un veterano, se puede prestar hasta 100% al valor de su casa.  Esta es una muy buena opción para veteranos porque los préstamos de VA no requieren seguro de hipoteca.  El límite de préstamo actual en los condados de San Francisco y San Mateo es $1,000,000.
Jay Sondhi
http://www.jaysondhi.com/ 

 Translation:
Lupita Fernandez-Terlau
http://www.lterlau.prucal.com/
Greg Herman
http://www.gmwest.com

Jay Sondhi

How to refinance your property with little or no equity
April 25, 2011 · · 1 Comment

I’ve recently taken an application for a veteran who will be refinancing their two purchase loans from a couple years back.  She will be saving about $700 per month with her new 30 year fixed rate of 4.75%.  It reminded me that there are still a lot of folks out there who may not have taken advantage of the low rates available because they thought there was not enough equity in their property to refinance.  Without getting into too much detail, I thought I would share three great options to consider if this is the case for you:
Freddie/Fannie option
If Freddie Mac or Fannie Mae own your mortgage, it may be possible to refinance your current loan even if it’s underwater.  Have you checked to see if your loan is Freddie/Fannie?  Here are the links. 

Click here to see if Fannie Mae owns your mortgage
Click here to see if Freddie Mac owns your mortgage

FHA
FHA will insure mortgages up to 97.75% of the home value.  The maximum loan amount is $729,750 here in San Francisco County.  This loan limit is slated to be decreased at the end of 2011.

VA
If you or your spouse is a veteran, you can borrow up to 100% of your home value.  This is a great option for veterans because mortgage insurance is not required for VA loans.  The current VA loan limit for San Franciso and San Mateo County is $1,000,000.

Jay Sondhi
http://www.jaysondhi.com/ 

David Wang

Fannie Mae Short Sale Webinar
January 13, 2009 · · 7 Comments
do you know what a short sale is?

Do you know what a short sale is?

Doing a routine search for properties today I came across a very good 20 minute video on what is a short sales put on by Fannie Mae.  We have been working with short sales for over a year and have had the explanations given and have had the explanation received many many times already but this is short and good.  The slides are good and to the point the Audio is clear and crisp it is short enough for clients to get through without losing focus.

 As a client I would believe this more than an agent i just met because we all recognize the name Fannie Mae and with all the government oversight they are receiving they have to watch their P’s and Q’s. Read more