7
Apr
San Diego Real Estate – Time To Buy
Is now the best time to purchase a San Diego home?
San Diego housing
Compelling Reasons to Buy Now:
- Lowest mortgage interest rates in over 30 years
- High supply of inventory from which to choose their next home
- Sellers willing to make many more concessions than in a more balanced market
- Low home prices
- Lower property tax rates
- Deals from distressed properties in many areas
- Government financial incentives for first time homebuyers
- Income tax refunds for cash for down payments
- Los Angeles California attorneys
7
Apr
Home Affordable Modification Program
Home Affordable Modification Program
Obama’s administration’s Home Affordable Modification Program (HAMP). Under the HAMP, borrowers and lenders work out an agreement to reduce the monthly payment on the property for a trial period of three months.
But even though more than 728,000 homeowners have qualified for HAMP nationally, just slightly more than 30,000 of these homeowners have successfully adjusted their loans.