Como Refinanciar Su Propiedad Cundo Poca o Nada de Plusvalía
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
Is the Bay Area Home Buyer Obsessed with School Scores
Many homebuyers in San Mateo, San Bruno, Burlingame, Millbrae and up and down the peninsula purchase their homes based on school scores. I am not sure if API, Academic Performance Index, (http://www.cde.ca.gov/ta/ac/ap/ ) scores is an accurate evaluation method to determine a young person’s education. I find the API scores of a school to determine the college you child goes to as reliable as a City’s Median home prices is in determining the value of your home. Homes in a city are varied and encompass a large diversified area just like a school’s diversified student enrollment and have high and low performing students.
Many of our public schools have a large population of intelligent non- English speaking immigrants. Teachers are trained and cater to that specific group and they also teach to the more advanced student by offering enrichment classes, honor classes, etc. Both of my son’s went to a public High School in San Mateo that possibly has the lowest scores amongst the San Mateo High Schools. They both graduated and went to very good schools. In their graduating class several students were accepted into Harvard, Stanford, MIT and more of the top schools. Some of their friends went to a private high school, were not happy, did not perform well and transferred out. A peninsula high school with a rating of 10 has had an epidemic of suicides. Top scores is not the final answer. Read more
MEET & GREET
February 19th Hillsdale shopping center is hosting a Meet & Greet event. It’s an all day event lasting from 10a.m.- 4p.m. It should be really fun and interesting!
Free admission
Over 30 family related businesses
Child fingerprinting
Free face painting
Location: Hillsdale shopping center, San Mateo
For more information: 650.344.5200
Hope to see you there!!!
Bernadette Ramirez
http://www.bramirez.prucal.com/
Is Your Home Under Water? New FHA Refi might help!!!
So many home owners in San Bruno, South San Francisco, Daly City, San Mateo and all over the country owe more than their home is worth (under water). Some have tried to modify their loan, short sale, refinance and have run into a frustrating brick wall.
Well here is a new alternative. FHA has a new loan that will allow refinancing for homes under water. They do have very specific requirement but it is worth a shot. Please read the following article from the Sunday September 5, 2010 S.F. Chronicle written by Kathleen Pender in her Net worth column. Please do not hesitate to contact me for FHA approved lenders. lee@leesellsmore.com or 877-Lee-Sells
San Mateo County Storm Watch
I received this information from a friend and thought I would share. Although it pertains to information in regards to South San Francisco, there are some great tips on how to be prepared in case of emergency.
This is a hazardous winter weather alert. Beginning Sunday and continuing through the rest of the week…a series of strong storms are expected to roll across the San Francisco and Monterey Bay Regions. The first storm is forecast to bring substantial rain across the Bay Area Sunday into Monday. Additional storms are then expected for much of next week. During the next seven days 10 to 20 inches of rain are expected to fall in the coastal mountains and 8 to 15 inches in the inland valleys and foothills. Due to many days of rainfall local flooding could occur. In addition, the storms beginning Tuesday or Wednesday are likely to also produce strong gale force winds that could cause property damage and power outages. Depending upon the intensity and duration of the rainfall coupled with a high tide localized flooding could occur in the low lying areas of SSF (San Mateo Ave. Airport, etc.).
This is the strongest storm of its type that has hit SSF for several years IF the forecasters are correct in their assessments! Read more
VA Loan Questions and Answers
Can I get a VA loan if I have had a bankruptcy in the last few years?
VA credit standards state that a veteran with a bankruptcy less than 3 years ago would generally not be considered a satisfactory credit risk unless: the veteran or spouse has obtained items on credit since the bankruptcy and has paid the obligations in a satisfactory manner for a continued period; and the bankruptcy was caused by circumstances beyond the control of the borrower, which would have to be verified. A bankruptcy discharged 3 to 5 years ago must be given some consideration in the underwriting of the loan. A bankruptcy discharged more than 5 years ago may be disregarded. These are the minimum standards that mortgage companies must follow when making a VA loan. In 95% of the cases, companies make the decision to approve a loan without VA’s prior approval. Keep in mind that mortgage companies also have money at risk in giving you a VA loan, so they may have stricter credit standards than those mandated by VA.
How large of a loan can I get? If my guaranty entitlement is $36,000, does this mean I am limited to a $36,000 loan? Read more
SSF Real Estate… things are looking up
As 2008 wraps up and we all grasp onto our crystal balls to determine the fate of 2009… I wanted to end the year on a positive note with some statistics from the San Mateo County Multiple Listing Service that may help to give us all a positive outlook on the Real Estate market for 2009. South San Francisco was one of the Peninsula’s hardest hit cities with short sales and foreclosures, but by the looks of it, SSF seems to be bouncing back just fine. Read more
Getting a Loan is Not Impossible
www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/11/30/RE8014CT0J.DTL .
I had some good friends over for Thanksgiving. Pretty early in the evening the question came up; “Lee how is the Real Estate Market?” “People can’t get loans? Huh”, he stated. This occurs often. Everyday it is mentioned the “Credit Crunch” we have to loosen up credit. I hope everyone reads “You Can Qualify For a Mortgage, It’s Just Tougher” by Marni Leff Kottle of the S.F. Chronicle, Read more
-
Join us on Facebook
-
Join us on Twitter
-
Recent Posts
- What is a reverse mortgage?
- ‘Tis the Season for Tax Breaks
- Top 5 Reasons to Buy a House in the Bay Area in 2012
- After Christmas Sale, – Bay Area Homes up to 60% off
- San Bruno Eye Sore is about to Go
- What If My Offer Is Rejected?
- It’s a Buyers’ Market for Real Estate Investors, too
- How to choose the “Best” real estate home loan.
-
Categories
-
Archives
