Weekly Wrap-Up 10/23/2009 | The End Of HVCC Appraisal Rules?

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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.

CAN THIS BE THE BEGINING OF THE END FOR THE HVCC?

It looks like the Appraisal restrictions that have been allowing the banks to essentially control the investor and the market place are in the process of being repealed. The sooner the better!

NEW PROGRAM!

Freddie Mac Opens Access to other Services for the Relief Refinance 125% LTV Loan

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 4.875%
• Conventional 5 Year ARM 4.5%

Here we are wrapping up Friday 10/23/2009 rates have be relatively flat for the past few weeks with the trend pointing a bit higher for going into next week. If you had the chance to lock in mid week you were best off.. You can look at weekly rate trends Here.

Real Estate Investor 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 |