New Plan to Help Home San Ramon & Danville Home Owners

San Ramon, CA – If you have a home with a conforming loan limit then you will qualify for this new program.  If you can aford  a mortgage payment of 31% debt to income ratio on your mortgage then you will qualify.  Talk to your bank first.  You must establish a need first, it is not for people who just want to jump on the bandwagon.  More detail will come on March 4, 2209.

Contact us if you need more help.

Best Wishes,

Sam

Economic Stimulus Plan Benefits San Ramon Home Owners

San Ramon CA

Revised February 17, 2009

Just signed and sealed…a $787 Billion Stimulus Plan made up of tax cuts and spending programs aims at reviving the US economy. Although the package was scaled down from nearly $1 Trillion, it still stands as the largest anti-recession effort since World War II.

Home owners and potential homebuyers stand to gain from key provisions in this stimulus plan. Here is what we know as of today…

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Tax Credit for Homebuyers

First-time homebuyers who purchase homes from the start of the year until the end of November 2009 may be eligible for the lower of an $8,000 or 10% of the value of the home tax credit.  Remember a tax credit is very different than a tax deduction – a tax credit is equivalent to money in your hand, as opposed to a tax deduction which only reduces your taxable income.

The tax credit starts phasing out for couples with incomes above $150,000 and single filers with incomes above $75,000.  Buyers will have to repay the credit if they sell their homes within three years.

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Additional Housing-Related Provisions

Tax Incentives to Spur Energy Savings and Green Jobs — This provision is designed to help promote energy-efficient investments in homes by extending and expanding tax credits through 2010 for purchases such as new furnaces, energy-efficient windows and doors, or insulation.

Landmark Energy Savings — This provision provides $5 Billion for energy efficient improvements for more than one million modest-income homes through weatherization.  According to some estimates, this can help modest-income families save an average of $350 a year on heating and air conditioning bills.

Repairing Public Housing and Making Key Energy Efficiency Retrofits To HUD-Assisted Housing—This provision provides a total of $6.3 Billion for increasing energy efficiency in federally supported housing programs. Specifically, it establishes a new program to upgrade HUD-sponsored low-income housing (for elderly, disabled, and Section 8) to increase energy efficiency, including new insulation, windows, and frames.

Expanding Housing Assistance—This provision increases support for several critical housing programs. It includes $2 Billion for the Neighborhood Stabilization Program to help communities purchase and rehabilitate foreclosed, vacant properties.

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More Help for Homeowners in the Future

Another thing to keep an eye on in the coming weeks is President Obama’s plan to help struggling borrowers before they are faced with a default on their mortgage.

According to reports, the Obama administration is discussing plans to help borrowers who are struggling to stay afloat, but who have not yet fallen behind on their payments. At this point, details are scarce; however, reports indicate that President Obama is looking to spend approximately $50 Billion to directly help homeowners before they face foreclosure and financial disaster.

While this is good news for individual homeowners, it will likely be good for the housing industry as a whole. That’s because, assisting struggling borrowers before they default should help stop the wave of foreclosures, which are estimated to top two million this year. That, in turn, will help stabilize home prices.

The Economic Stimulus Plan is huge, and impacts a number of industries. I’ve highlighted some of the major provisions that may impact you now and in the future.

As always, if you have any questions or would like to discuss how this may specifically impact you, I’d be happy to sit down with you. Just call or email me to set up an appointment.

Current homeowners will have options to avoid disaster.

If you need help with your loan to be modified we can help you for free, we have help countless people with absolutely no charge.   Click here to contcact us…

Pleasanton CA – Best Valued Home Better than Bank Owned

 

 

 

 

 

Pleasanton CA – The best priced home in all of Pleasanton is here.  It is priced better than a bank owned or short sale.  This is by far the best deal in all of Pleasanton CA real estate market.  Priced thousands of dollars below market value makes this beautiful Pleasanton Home a no Brainer Deal.  The Pleasanton School District has one the highest API index scores in all of California School Districts.  Most of the buyers for this are moving from the Silicon Valley and San Jose area because of the exceptional schools that Pleasanton has.  This  Pleasanton Home would be the perfect home for any buyer but especially from the San Jose & Silicon Valley area.

To Value,

Sam

925-219-5144

sparwiz@rockcliff.com

San Ramon & Danville Mortgage Rates

Conforming $0-$417,000
Points: 0
Pre-payment Penalty: None
Programs:
30 Year Fixed: 5.25%
15 Year Fixed: 5.25%
5/1 ARM: 5.125%
7/1 ARM: 5.5%
10/1 ARM: 5.75%

Conforming Tier II: $417,001 – $625,500
Points: 0
Pre-payment Penalty: None
Programs:
30 Year Fixed: 5.375%
15 Year Fixed: 5.375%
5/1 ARM: 7.25%
7/1 ARM: 7.125%
10/1 ARM: 7%

Jumbo: $625,501 – $1,500,000
Points: 0
Pre-payment Penalty: None
Programs:
30 Year Fixed: 5.875%
15 Year Fixed: 5.875%
5/1 ARM: 5.25%
7/1 ARM: 5.375%
10/1 ARM: 5.75%