Welcome HOME APP!

apps-student-smartphone-A new HOME mobile app that educates future homeowners about the steps and responsibilities of buying and owning a home was launched by Fannie Mae, to provide educational resources to reduce barriers to homeownership.

The app offers useful tools to help homebuyers to:

  • Figure out what they can afford,
  • Understand their mortgage payments,
  • Save for a down payment, and,
  • Learn how much they can save in interest by making extra mortgage payments.

If you are a First Time Buyer,  Call me Sandy Flores (714)963-7462!

Let’s make the Dream of Homeownership a reality!

facebook-logo-transparent1

 

Advertisements

Slowly but Surely!

sold-sale-sign-over-clouds-grass-house-14063253Pending home sales rose less than expected in May but are still at the highest level since 2006.  The National Association of Realtors’ index of pending home sales rose less than expected, by 0.9% to a seasonally-adjusted 112.6. Analysts had expected a 1-1.2% increase.

“The steady pace of solid job creation seen now for over a year has given the housing market a boost this spring,” NAR chief economist Lawrence Yun said.

Last week, the association saw a sharp pickup in existing home sales following a decline in April. Sales of new single-family houses in May 2015 were at a seasonally adjusted annual rate of 546,000, which is up 2.2% from April.

http://www.sandyflores.com

 

 

Ready, Set, GO!

actnowDon’t obsess with trying to time the market and figure out when is the best time to buy.  

Trying to anticipate the housing market is impossible.

The best time to buy is when you find your perfect house and you can afford it.  Real estate is cyclical, it goes up and it goes down and it goes back up again.

So, if you try to wait for the perfect time, you’re probably going to miss it out!

 

La Compra de Tu Casa…esperar o comprar?

La Compra de Tu Casa…esperar o comprar?

 No hay mejor momento para comprar una casa que HOY!  Todas las ventajas están a favor del comprador. Comprar una Casa HOY es más barato que alquilar en la mayoría de los mercados.  Más personas quieren ser propietarios de casa.

Una encuesta reciente realizada  por Fannie Mae muestra que la mayoría de inquilinos que representaron a un 90% de los encuestados prefieren ser dueños de su casa propia que continuar rentando.

Las tasas de interés han bajado en todos los tipos de préstamo hipotecarios, incluyendo los préstamos FHA, USDA, VA y convencionales que son los préstamos respaldados por Fannie Mae y Freddie Mac, y las tasas a 30 años están en sus mejores niveles en este 2015.

Si  estás preparado financieramente, tiene sentido que te prepares en todo lo que necesitas para conseguir una aprobación para una hipoteca; verifica tu reporte de crédito; investiga cuál es tu puntaje FICO; ten a la mano tus talones de pago y estados de cuenta bancarios; busca las mejores tasas hipotecarias, selecciona a un prestamista con el que te sientas  más a gusto y que determine cuáles van a ser tus pagos mensuales, y comiences a buscar la Casa de tus Sueños!

facebook-logo-transparent1

What Homeownership means?

What Homeownership means?

 Homeownership means you no longer pay monthly rent for the roof over your head. When you leave, you can sell it to recoup the purchase price and earn any profit that you may have accumulated through your appreciation in value.

But don’t kid yourself. Homeownership comes with a slew of disadvantages, responsibilities, and downright headaches. So before going any further, consider whether your lifestyle and finances make home buying a smart move for you.

Except in a roaring real estate market, it usually doesn’t make sense to buy a home you’ll stay for less than three or four years, because the cost of the process of buying and selling your property means that you could lose money  from your equity.   On the other hand, you will not pay capital gain taxes if you’re in the property for at least of 2 years.

One key question is whether it costs more, on average, to rent or own in your area. The rule of thumb is that if you pay 33% in rent than you would for owning  including the monthly mortgage, property taxes, and any homeowner’s fees,  then it’s smarter to own a home then renting it.

As always, get your finances in order before committing to buy a home, and stay informed of all the options, alternatives and programs that will fit your needs.

Get help, and call a Realtor…Call me  714-963-7462.   Leading your way home!

facebook-logo-transparent1 

HAPPY MOTHER’S DAY!

HAPPY MOTHER’S DAY!

To All the Moms,

Happy-Mothers-Day-Pictures-Images-31-150x150

Wishing  the best on Mother’s Day, and always…God Bless You!

Real Estate? Yes, it is for Real!

Real Estate? Yes, it is for Real!

SOLDSpring’ season gains are good news for Housing Market. New home sales spiked by nearly 20 percent year-over-year in March up to about 481,000, according to a report from HUD and the U.S. Census Bureau. It was the highest level the market has experienced since 2008.

Existing home sales also jumped in March, by 6.1 percent, the largest monthly increase since December 2010, according to the National Association of Realtors.

The NAR Pending Homes Sales Index increased by 11.1 percent year-over-year in March and has been gaining momentum hitting into its highest level in nearly two years.

HUD extiende plazo en las Ejecuciones Hipotecarias

HUD extiende plazo en las Ejecuciones Hipotecarias

HUDEl Departamento de Vivienda y Desarrollo Urbano de los E.E.U.U. conocido como HUD, anunció el pasado viernes cambios significativos en su programa de Estabilización de Activos conocido como DASP (Distressed Asset Stabilization) que ofrecerá aun más protección a los prestatarios que enfrentan una ejecución hipotecaria promoviendo la participación activa de organizaciones no lucrativas en la compra de prestamos morosos por mayoreo.

Bajo estas nuevas reglas, los servidores de préstamo tendrán que extender el proceso de una ejecución hipotecaria hasta por un año y evaluar a todos y cada uno de los prestatarios que están enfrentando una ejecución hipotecaria para la inmediata participación en el programa de Modificación del Gobierno HAMP o cualquier otro programa de ayuda al prestatario.

Los servidores de préstamo tenían previamente que otorgar un plazo de hasta seis meses en prestamos morosos antes de iniciar un proceso de ejecución hipotecaria, y no eran requeridos evaluar a los prestatarios si estos no solicitaban la ayuda correspondiente. Ahora el prestamista esta en la obligación de evaluar a los propietarios de casas a través de los diferentes programas de ayuda, y motivarlos para encontrar una solución viable que les ayude a permita continuar en su propiedad.

Is HUD delaying Foreclosures? Yes!

HUDThe U.S. Department of Housing and Urban Development (HUD) on Friday announced significant changes to its Distressed Asset Stabilization (DASP) program meant to offer more protections to borrowers facing foreclosure and increase non-profit participation in purchasing distressed loans. This enhancements for HUD’s Distressed Asset Program will provide borrowers more Protection.

Under the new rules, loan servicers are required to delay foreclosure on a home for a year and evaluate all borrowers facing foreclosure for participation in the government’s Home Affordable Modification Program (HAMP) or a similar loss mitigation program. Loan servicers could previously foreclose on a home six months after they received the loan and were not required to evaluate borrowers for loss mitigation programs, though they were encouraged to do so.

Bienvenidos a la Estacion Primaveral de Compra de Casas!

Bienvenidos a la Estacion Primaveral de Compra de Casas!

blog25Las ventas existentes de Casa incrementaron a su nivel mas alto en los últimos 18 meses, demostrando un alentador comienzo para la estación privameral de acuerdo al ultimo informe de la Asociación Nacional de Realtors.

El número total de las ventas de casas existentes, que son las transacciones completadas que incluyen Casas Residenciales unifamiliares, townhomes, condominios incrementaron a un índice anual del 6.1% , siendo ésta la tarifa anual más alta desde Septiembre del 2013.

El inventario total de casas en venta hasta finales del mes de Marzo creció también en un 5.3% a 2 millones de casas existentes disponibles para la venta.

facebook-logo-transparent1