Patrick Canavan - Orange County Real Estate Voice

There is a crazy amount happening in the world of the mortgage market - interest rates at all time lows. NOW is a great time to buy. It is obviously a NO BRAINER. It is a win win win win win win win win win situation.

There have been rumors of a 4.5% 30-year fixed rate mortgage. You may need to know that this is for HOME BUYERS not refi'ers. If you are looking to refinance you will not get the 4.5% 30-yr Fixed. No Sir'y not for you.

Hope for Homeowners, investors do not seem keen to go that route and it is not available to many.

If you have heard that the Feds will be buying up $600 Billion in mortgage backed securities which which led to some lower rates. Come January, the SEC is meeting which might have a massive impact on rates - apparently for the worst.

To obtain the best rate you must be PREPARED and have a loan application in the works. Interest rates are not like it was, where it could take months to change are now occurring in just days or even hours. If you don't prepare yourself you will miss out.

Lenders are seeing a backlog of clients build due to very low interest rates. It will obviously delay closing times to actually close loans. Picture you getting a good deal on a property and having to wait 60 - 90 days to close your loan. If you were selling your home would you wait 90 days for a buyer to get a loan?

We are at 2003 levels in home prices, which dropped like a ton of bricks. If you are planning on buying a Home, you have to get prepared and now is the time. NOW IS THE TIME.

With a first time home buyer tax credit of up to $7,500 and low money down 3 - 3.5% FHA.

NOW is a great time to buy.

original post

Home Buyer Service from Patrick Canavan

Below are teo links to information about a service I provide my home buyers. Please review it and register for a free account. If you have any questions, I can assist you in setting up the account and refining your criteria.

If you decide to work with me as your agent, I can upgrade the account so you'll receive additional information like area sales, price histories, tax values, and other information not available to the general public.

• Search on your own personal web site just like I do!
• Make an informed decision using the most efficient, effective, and satisfying home buyer search available
• Easily access interactive maps, loan data, school info, photos, virtual tours, and property details for any property in the market.
• Rate properties, whether favorites or rejects, save valuable time instead of constantly sifting through properties
• Make personal notes on properties to easily remember important details
• Stay on top of important information matching your criteria. New listings, open houses, and price changes are always delivered to you in your Morning updates.
• Find out who area agents use for home related services. Get the inside scoop on the top mortgage lenders, attorneys, home inspectors, insurance agents, and others in more than 50 categories!
• My expertise is only a click away using easy messaging or interactive notes.

Click the link below to view Buying a Home information:

Enter Your Dream Home
or
Search Like a Realtor see what we see


Sincerely,

Patrick Canavan

Realtor / EcoBrker

Please Click to Download application form.

We are having a Thank you drawing at the Office for the Orange County Residents here in CA. We have thrown into the Pot along with other prizes a $250 Gift Certificate to the Neighborhood Grocery Store of your Choice.

To enter you will have to download a word document fill it out and Fax or email back to the numbers provided.

If you would like anymore information you can call 714.943.0444 or email me at Info@EnterYourDreamHome.com

original post

Not going to lie to you, the article is really long, but really well written and insightful look at how the current subprime, CDO, bailout scene all came to fruition from a former Soloman Bros. insider from the 1980's...

If you have time you'd probably enjoy it, I did...

To read the full story, please click here:

Someone screen captured many many many of the front-pages from global papers the day after Obama became president-elect... It's great because its vast and you can save the large images of the ones you like.

Click on the Newspaper below to preview hundreds more.....