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Gregory Manns - Your Indio Realtor - (Select Realty Services, Inc.)

Mortgage Insurance is increasing on FHA Insured Loans

I would like to share an important change in FHA lending which takes effect on April 18, 2011 when the monthly mortgage insurance premium on FHA insured loans will increase 0.25%. For example; on a $150,000 purchase price the monthly premium will increase from $108.56 per month to $138.72 per month.

The real estate industry has been greatly affected by how difficult it is for buyers to obtain financing. Home prices appear to have stabilized and consumer confidence is rising steadily. I sense that inventory is low due to the banks releasing their foreclosures portfolios at a slow controlled pace (in an effort to avoid flooding the market and potentially causing a negative impact on the overall economy).

Interest rates recently rose sharply it certainly appears to be an ideal time for buyers who are sitting on the fence to seriously consider buying a home. The opportunity to take advantage of these low home prices and historically low interest rates will surely benefit todays homebuyers with an affordable monthly payment and many tax advantages.

Gregory Manns

Select Realty Services, Inc.

Realtor, e-Pro Certified, GRI & CCIM Candidate

Cell (760) 406-2900

Fax (760) 619-2653

gmanns@earthlink.net

www.GregoryManns.com

www.IndioRealtor.com

www.MyIndioRealtor.com

www.HomeinCoachellaValley.com

Serving the Palm Springs and Greater CA Desert Areas

Terrific Investment Opportunities in Coachella Valley

Currently we have a fairly low inventory of homes on the market. I noticed we have many new assignments of foreclosure (bank owned) properties getting ready for market. In my opinion this is a very good opportunity for even the conservative investor to build their portfolios with strong rental income properties. There is no lack of renters at this time. I have been working with real estate investors for over 20 years and I have a reputation for being quite conservative (which my investors really seem to appreciate).

After selling residential and investment property in Los Angeles for many years, it is such a pleasure to assist investors where immediate cash flow is once again achievable. Recently, I have been honored to assist numerous investors from Canada, Washington, Michigan, Oregon, Palos Verdes, West Los Angeles, Oxnard, Santa Barbara, San Diego, and San Fernando Valley. I want to thank my clients for their loyalty and confidence in my ability to negotiate the best possible terms on their behalf.

As always, I greatly appreciate the opportunity to be of service.

Very Truly Yours,

Gregory Manns

Select Realty Services, Inc.

Realtor, e-Pro Certified, GRI & CCIM Candidate

Cell (760) 406-2900

Fax (760) 619-2653

gmanns@earthlink.net

www.GregoryManns.com

www.HomesinCoachellaValley.com

Serving the Palm Springs and Greater CA Desert Areas