Posts Tagged ‘lake arrowhead short sale’
Nabbing a bargain-basement mortgage before rates rise
March 19th, 2010 | 
Author: Nabbing a bargain-basement mortgage before rates rise
RE/MAX Lakeside Lake Arrowhead Real Estate
The Federal Reserve has been purchasing mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac since early last year. The purchase program has helped maintain low interest rates for borrowers. As planned, the Fed this week announced it will stop purchasing these securities at the end of this month. Many analysts anticipate this will result in a slight rise in rates by year’s end.
MAKING SENSE OF THE STORY FOR CONSUMERS
•· Interest rates have hovered at or near historic lows for much of the past 18 months, resulting in lower payments for many borrowers. With the Fed discontinuing its purchase program, some analysts believe a rise in interest rates could range from 0.25 percent to as much as 1 percent by the end of 2010.
•· The federal tax credit for home buyers also is scheduled to end April 30. The tax credit combined with the expectation interest rates will increase has created a sense of urgency for many home buyers. In fact, 23 percent of California home buyers purchased a home in 2009 due to the perception that interest rates will rise and they would be priced out of the market, according to C.A.R.’s 2009 Survey of California Home Buyers.
•· Rising interest rates will have an effect on home buyers. For example, a qualified couple with a combined pretax income of $100,000 per year and debt obligations (excluding mortgage) of $500 who receive a mortgage rate of 5 percent could qualify for a loan of up to $590,000, assuming a 20 percent down payment. If the interest rate were to rise to 6 percent, as analysts at Barclays Capital predict, the same couple could only qualify for a mortgage of $540,000.
To Read The Full Story CLICK HERE.
Thank you for visiting RE/MAX Lakeside “Your Lake Arrowhead Blog“
Visit our RE/MAX Lakeside Blog site !
RE/MAX Lakeside Lake Arrowhead Real Estate
Check out Charlie & JoAnn’s New Blog Site!
Charlie & JoAnn Dickinson
RE/MAX Lakeside
28200 State HWY 189
R200A Lake Arrowhead Village
Lake Arrowhead CA
and
27169 State HWY 189
Blue Jay Village
Lake Arrowhead CA
Office 909-337-9999
Cell 909-260-8228 * 909-208-2020
ABOUT RE/MAX
• Nobody in the world sells more real estate than RE/MAX.
• RE/MAX agents have the experience to get the job done in today’s market.
• RE/MAX Associates average more sales than other real estate agents.
• RE/MAX Associates have more real estate sales experience than other real estate agents.
• RE/MAX has the most productive sales force in real estate.
Advertising/Brand
• Billions of dollars have been spent promoting the RE/MAX brand and agents.
• RE/MAX is one of the most recognized real estate brands and logos around the world.
• When you join RE/MAX you’re receiving the benefit of billions of dollars of advertising that have made RE/MAX the real estate leader it is today.
• RE/MAX dominated national TV advertising in 2008, reaching as many viewers as all other real estate brands combined.
• RE/MAX dominates national real estate TV advertising.
• In 2008, RE/MAX dominated national TV advertising, with a 50 percent Share of Voice, for viewers 25-54.
• Millions of buyers and sellers visit remax.com.
• Millions of buyers and sellers visit remax.com for their real estate needs.
• remax.com attracts millions of buyers and sellers.
• remax.com attracts millions of real estate buyers and sellers.
· remax.com is the most visited real estate franchise Web site.
Stats from ”ComScore, Jan.-June 2009; Compete.com, Feb. 2008-June 2009; Hitwise, Jan..-June 2009″)
• remax.com shows all of the listings in thousands of cities and towns.
Countries
• RE/MAX is in more countries than any other real estate brand.
• RE/MAX is in more countries than any of our competitors.
• RE/MAX is in over 70 countries, more than any of its competitors.
Hot Air Balloon
• The RE/MAX Hot Air Balloon fleet is one of the largest in the world.
• The RE/MAX Hot Air Balloon fleet is the largest in North America.
General
• RE/MAX has 2 percent of the agents but produces 10 percent of all agents’ sales.
• RE/MAX offers support and services not available at other real estate companies.
• RE/MAX leads the industry in professional designations.
· RE/MAX has more Certified Residential Specialists than anybody else.
(Same claim can be made for ABR, CDPE, SRES and CIPS designations.)
Posted in 
Tags: 
Large Level Enrty Home with Beautiful Views!
Level Entry with Beautiful Views!
|
Overview Maps Photos Description Market Stats
|
|
|
JoAnn Dickinson
RE/MAX Lakeside
(909) 337-9999 joanndickinson@hotmail.com http://yourlakearrowheadhome.com
Listed by: RE/MAX Lakeside JoAnn Dickinson |
Our recent listings
|
|
Thank you for visiting RE/MAX Lakeside “Your Lake Arrowhead Blog“
Visit our RE/MAX Lakeside Blog site !
RE/MAX Lakeside Lake Arrowhead Real Estate
Check out Charlie & JoAnn’s New Blog Site!
Charlie & JoAnn Dickinson
RE/MAX Lakeside
28200 State HWY 189
R200A Lake Arrowhead Village
Lake Arrowhead CA
and
27169 State HWY 189
Blue Jay Village
Lake Arrowhead CA
Office 909-337-9999
Cell 909-260-8228 * 909-208-2020
ABOUT RE/MAX
• Nobody in the world sells more real estate than RE/MAX.
• RE/MAX agents have the experience to get the job done in today’s market.
• RE/MAX Associates average more sales than other real estate agents.
• RE/MAX Associates have more real estate sales experience than other real estate agents.
• RE/MAX has the most productive sales force in real estate.
Advertising/Brand
• Billions of dollars have been spent promoting the RE/MAX brand and agents.
• RE/MAX is one of the most recognized real estate brands and logos around the world.
• When you join RE/MAX you’re receiving the benefit of billions of dollars of advertising that have made RE/MAX the real estate leader it is today.
• RE/MAX dominated national TV advertising in 2008, reaching as many viewers as all other real estate brands combined.
• RE/MAX dominates national real estate TV advertising.
• In 2008, RE/MAX dominated national TV advertising, with a 50 percent Share of Voice, for viewers 25-54.
• Millions of buyers and sellers visit remax.com.
• Millions of buyers and sellers visit remax.com for their real estate needs.
• remax.com attracts millions of buyers and sellers.
• remax.com attracts millions of real estate buyers and sellers.
· remax.com is the most visited real estate franchise Web site.
Stats from ”ComScore, Jan.-June 2009; Compete.com, Feb. 2008-June 2009; Hitwise, Jan..-June 2009″)
• remax.com shows all of the listings in thousands of cities and towns.
Countries
• RE/MAX is in more countries than any other real estate brand.
• RE/MAX is in more countries than any of our competitors.
• RE/MAX is in over 70 countries, more than any of its competitors.
Hot Air Balloon
• The RE/MAX Hot Air Balloon fleet is one of the largest in the world.
• The RE/MAX Hot Air Balloon fleet is the largest in North America.
General
• RE/MAX has 2 percent of the agents but produces 10 percent of all agents’ sales.
• RE/MAX offers support and services not available at other real estate companies.
• RE/MAX leads the industry in professional designations.
· RE/MAX has more Certified Residential Specialists than anybody else.
(Same claim can be made for ABR, CDPE, SRES and CIPS designations.)
Avoiding Foreclosure!
RE/MAX Lakeside: YOUR CERTIFIED DISTRESSED PROPERTY EXPERTS!
Distressed properties exist in all market segments in all price points and in every state in the country. With foreclosures at an all time high and expected to get even higher there is no category of residential property that will not be affected.
The overwhelming challenge in the residential market will soon begin to affect the commercial property and as commercial becomes an issue more residential will be an issue. This spiral downward in property values will take time to play itself out at which point we will see stabilization in the market.
What is a distressed property?
1. Property that is or will soon be in some stage of the foreclosure process.
2. Property owned by a person or persons who are or are experiencing a period of financial instability.
3. Property of which the mortgages totals an amount higher than the current value and an owner must sell.
In 2006 there were a total of over 1.2 million foreclosure filings nationally, this equated 1 out of 92 households nationally and in California there were 1 out of 86 homes. In the first quarter of 2007 foreclosure activity was up 55% from 2006 with a total of 925,986 filings in only the first 6 months of the year.
If you fall into one of the categories above you need to contact RE/MAX Lakeside and speak with one of our CERTIFIED DISTRESS PROEPRTY EXPERTS today. We specialize in handling
Contact RE/MAX Lakeside at 909-337-9999 for more information about Distressed Properties.
Posts
JoAnn Dickinson