“Small opportunities are often the beginning of great enterprises.” ~ Demosthenes
If you thought last Monday was wild on the news from Fannie and Freddie, the headlines that lead us into this week are even crazier. First, Mortgage Bonds are up sharply, which should lead to
much better home loan rates, especially for home purchases - time to get off the fence, and also for great refinance opportunities, just what we have been expecting, call me to see if this makes sense for you. Remember you can utilize your equity to purchase more real estate.
The week begins with more fallout in the financial sector. Lehman Brothers is done after 158 years, thanks to their over exposure to sub-prime mortgages. Another casualty that was narrowly avoided was Merrill Lynch, which is being acquired by Bank of America, again due to their greed and over exposure in the risky mortgage business. Also on the ropes is insurance giant, AIG, as they try to raise cash quickly to stay afloat.
So where is the good news you’re asking??? What do all these headlines mean to YOU? It’s a time to look for opportunities. There are many and where do you begin?
To start, there are MANY smaller opportunities or shall I say tools to utilize that are now available by way of The Fed. working on bailing out the American public.
“HOPE for Homeowners Act of 2008″
$7,500 Home Purchase Tax Credit
Seller Interest Rate Buy Down = Easier Qualifying
Fannie & Freddie Bail Out = lower interest rates
FHA loan limits & 100% financing
The huge opportunity is of course simply the shear number of homes that are “On Sale”. Can you remember the last time Southern California property was this cheap?
Find out why, when, how, and what. Get your questions answered. Make smart financial decisions. Come to our FREE educational workshop. That’s right, I said FREE. Invite Your Friends & Family this Saturday the 20th at 10am
Sneak Preview
Just wanted to share with you some GOOD NEWS out of all this crazy, roller-coaster-of-a-ride we call a market. What a GREAT time to be looking to buy a home! 
