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Juan Cepeda

New FHA FICO HIT Coming

04-22-09
Juan Cepeda

There is some speculation that in the very near future, investors will begin to apply fico-based adjustments to FHA pricing. If you have transactions going with lower scores (below 660) I would advise locking them in soon to avoid these hits. If you have clients that have credit scores below 660 be aware they will not get the best pricing on the market.

2009 Home Buyers Fair

04-14-09
Juan Cepeda
Come see me at the NAHREP-LA booth this weekend. I will be there in the Saturday April 18, 2009 morning. The event is the:

2009 HOME BUYER'S FAIR

Whether you're a first-time home buyer, or hoping to invest in foreclosures, the Southern California Home Buyer's Fair, sponsored by the Los Angeles Times and the CALIFORNIA ASSOCIATION OF REALTORS®, offers a free, two-day primer on the home-buying process. This must-attend event is packed with dozens of educational "how-to" seminars and a large exhibit hall, designed to help you navigate today's real estate market with confidence and peace of mind.

The Southern California Homebuyer's Fair, sponsored by the Los Angeles Times and the CALIFORNIA ASSOCIATION OF REALTORS®.

LOCATION: The Los Angeles Convention Center, South Hall "G", in downtown Los Angeles; 1201 S. Figueroa St., Los Angeles, CA 90015.

DATE & TIME: Saturday, April 18, 2009, from 10 a.m. to 5 p.m. Sunday, April 19, 2009, from 11 a.m. to 4 p.m.

COST: Seminars and exhibit hall entrance are free to the public.

EVENTS: More than two dozen educational "how-to" seminars designed to help home buyers navigate today's real estate market with confidence and peace of mind.

EXHIBITORS: The Southern California Home Buyer's Fair also will feature more than 65 exhibit booths where visitors can obtain information from industry experts about a range of programs pertaining to homeownership and the home-buying process.

SPECIAL PROMOTIONS: First 200 attendees to present an entrance coupon on each day will receive a free movie ticket (one ticket per person).

Mortgage Update

04-14-09
Juan Cepeda
Are you in these communities then there is a great mortgage plan for you:


Agoura Hills, Alhambra, Altadena,Arcadia, Azusa, Baldwin Park, Bell, Bellflower, Bell Gardens, Beverly Hills,Burbank, Carson, Cerritos, Claremont, Compton, Covina, Culver City, Diamond Bar,Downey, Duarte, East Los Angeles, El Monte, Gardena, Glendale, Glendora,Hacienda Heights, Hawthorne, Hermosa Beach, Huntington Park, Inglewood,Lakewood, Lancaster, Lawndale, La Mirada, La Puente, La Verne, Lennox, Long Beach, Los Angeles, Lynwood, Manhattan Beach, Maywood, Monrovia, Montebello,Monterey Park, Norwalk, Palmdale, Paramount, Pasadena, Pico Rivera, Pomona,Rancho Palos Verdes, Redondo Beach, Rosemead, Rowland Heights, Santa Clarita,Santa Monica, San Dimas, San Fernando, San Gabriel, South El Monte, South Gate,South Pasadena, Temple City, Torrance, Walnut, West Covina, West Hollywood,Whittier


We are seeing some stability in last few MBS sessions. The mortgage rates have seem to settle 4.625-4.875 depending on your treshold of points. There is an increase of activity due to Making Home Affordable Act. Here is a quick video on it





Here is my informational website on this product.

Happy Homebuyer is my Goal

03-25-09
Juan Cepeda
I think it is time to toot my own horn. I have helped many homeowners and I just wanted to show this letter from a client I helped get his first home last month.
March 25, 2009

Dear Mortgage Shoppers,
SUBJECT: JUAN CEPEDA, MORTGAGE BROKER
We would like to quickly tell you about our excellent experience working with Juan Cepeda as our mortgage broker.
My wife and I recently bought our first home, and Juan Cepeda got us a very low 30-year fixed mortgage rate. Before we found Juan, we were working with a major bank and an independent mortgage broker discussing rates and terms. Since we were not totally satisfied with what either the bank or broker were able to offer, we came across Juan’s web page and sent him an email. He quickly gave us all the information that we wanted, and explained where he thought mortgage rates were moving. Because of Juan’s knowledge of the market and his explanation of current rates, we decided to work with Juan exclusively.
The loan process with Juan was very efficient and did not require us to take any time off of work. In fact all our paperwork and correspondences were done over email and phones. Even when all the loan documents needed to be signed, a notary was sent to meet us on the weekend to complete all the signatures. We never had to take the time to meet face to face in order to complete our loan and get the service that we wanted.
We recommend using Juan Cepeda as your mortgage broker if you meet any of the following criteria:
• Have a busy schedule and like to work over email and phones
• Want more information about why the mortgage rates are moving the way they are
• Want to use someone who will fight to get you the best interest rate possible
Thank you Juan, for helping us buy our first home.
Sincerely,

Tony and Megan

Free "Save Your Home" Foreclosure Prevention Workshop

03-17-09
Juan Cepeda
Please send this information out to help as many people as we can. Help is on the way!
Saturday, March 21, 2009, 9am – 1pm
Location Lake Avenue Church 393 N. Lake Ave. Pasadena, CA 91101
Event type Classes/Workshops Details Participants will receive free home loan reviews and debt counseling by representatives from Freddie Mac, Washington Mutual, Wells Fargo, Chase and other lenders, with additional assistance from the Housing Rights Center, Los Angeles County Tax Assessor and Los Angeles County Department of Consumer Affairs. Bring copies (not originals) of your existing loan documents and a current mortgage statement; bank statements and pay stubs for the last two months; tax returns for the last two years; and rental contracts or roommate agreements, if applicable. Free parking is available; look for entrances on Maple Street and Villa Street.
Audience Adults Cost Free Accessibility Accessible to people with disabilities
Sponsors City of Pasadena, Pasadena-Foothill Association of Realtors, California Association of Mortgage Brokers, Pasadena Neighborhood Housing Services
Information please call (626) 744-8331