Coming Soon in Bellflower!

 

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Located just 2 streets from Lakewood and less than a mile from Cerritos,  fantastic location. Direct access into 2 car garage and go to your home through the freshly remodeled kitchen boasting granite counters and built-in stainless steel appliances.

The dining & living areas have beautiful laminate flooring, new paint, lighting and smooth ceilings. The top floor offers 2  new carpeted master suites with walk-in closets and 2 remodeled full bathrooms. Enjoy central A/C & heat, large view balcony, vaulted ceiling, extra storage

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¡Un complejo muy bien cuidado en la ciudad de Bellflower!   Localizado a  2 calles de Lakewood y menos de una milla de Cerritos aproximadamente. Una ubicación  fantástica.  Acceso directo al garaje para dos carros. Cocina remodelada.   Bonito piso laminado en el área del comedor, cocina y  livingroom.  2 Recamaras muy amplias con closet extra grande con carpeta nueva en el segundo nivel con el baño remodelad o. Balcón grande, aire acondicionado, pintura nueva, y espacio extra para almacenar.

 

 

 

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Mortgage Rates plummeted today after Fed’s announcement

While the average improvement of 0.10% might not look like much at face value, it’s the biggest Finding-a-refinance-rate-for-your-homeone-day drop we’ve had in 2015, and in a league with very few other players historically.

With today’s improvement, the most prevalently-quoted conventional 30yr fixed loan for top tier borrowers falls back to 3.75%.   Some lenders will remain at 3.875% today, but many feel that  those lenders held back from passing on the full effect of the market movement not an uncommon occurrence after a volatile swing like today’s.

1.2 Million Borrowers Nationwide Regained Equity in 2014

1.2 Million Borrowers Nationwide Regained Equity in 2014

 

On today’s new analysis released by CoreLogic, leading global property information, analytics and data Price-Income_Featured-f084f5services provider, reported that 1.2 million borrowers regained equity in 2014. Nationwide, borrower equity increased year over year by $656 billion in Q4 2014. Borrowers with near negative equity are considered at risk of moving into negative equity if home prices fall. In contrast, if home prices rose by as little as 5 percent, an additional 1 million homeowners now in negative equity would regain equity. The calculations are not based on sampling, but rather on the full data set to avoid potential adverse selection due to sampling, and only data for mortgages residential properties that have a current estimated value is included.

Visit me at http://www.sandyflores.com; More information call me (714)963-7462

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Mortgage rates fell!

Mortgage rates fell!

imagesCAE30UQZEconomic data affects rates by motivating investors to seek out or avoid risk. Higher demand means higher prices and lower rates.  Investors are looking for clarity on the Fed’s plans regarding raising rates, among other things.

From here on out, volatility becomes an increasing risk heading into the Fed’s Announcement next Wednesday. It can either work for or against us, but the point is that if it does work against us, the potential damage is bigger than normal.

Es 2015 el Año de los Primeros Compradores?

Es 2015 el Año de los Primeros Compradores?

Una de las predicciones de la Asociación Nacional de Realtors es que en el 2015 las oportunidades imagesCAQEZEKYpara comprar casa serán mucho mejor, y se espera que los primeros compradores que estuvieron fuera por un tiempo a consecuencia de la crisis hipotecaria reaparezcan a materializar el sueño de la casa propia.

Los efectos financieros residuales de las pérdidas durante la recesión impidieron la entrada de la generación “Millennials” en el mercado hipotecario.  Ahora con el incremento laboral, aumentos de empleo y recuperación de la economía las oportunidades de comprar casa son mas atractivas que nunca.

Aun más, si el acceso al crédito continua ampliando y mejorando, vamos a estar viendo números substancialmente considerables de compradores jóvenes en el mercado.

La generación “Millennials” mostrara un crecimiento significativo en 2015, particularmente a medida que la economía continúa recuperándose.

Como siempre analiza tus finanzas   antes de comprometerte a la compra de tu casa, y mantente informado de los opciones y programas que más te benefician.  No te olvides de buscar ayuda professional.  Preguntas??? Llámame 714-963-7462.

 

Sandy Flores…Liderando el camino a tu Casa Propia!

PORQUE LOS PRESTATARIOS PAGAN SEGURO PRIVADO DE HIPOTECA?

PORQUE LOS PRESTATARIOS PAGAN SEGURO PRIVADO DE HIPOTECA?

Debido al riesgo en el incumplimiento y pérdida del préstamo. Los Bancos requieren el seguro de hipoteca privado conocido como PMI en PMI copyhipotecas cuyos compradores traen menos del 20% del precio de compra. Si los prestamistas pagaran seguro de hipoteca y pasaran el costo a los prestatarios reflejando un tipo de interés más alto, pudiendo esperar que los intereses incrementen drásticamente. Si el prestatario paga PMI estaría evitando este riesgo potencial.

Generalmente, cuanto más grande es la cantidad del préstamo, más riesgo adquiere el prestamista. El seguro de hipoteca privado es protección para el prestamista contra un prestatario que incumple en su préstamo hipotecario. Si el prestatario no pudiera pagar el préstamo, el prestamista tiene una manera de conseguir su dinero de regreso a través de la aseguranza privada al préstamo o PMI. Infórmate para que tus decisiones sean las mas acertadas al momento de invertir en la compra de tu casa.

Timing the Real Estate Market?

Timing the Real Estate Market?

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

 

Two new regulations affecting Homeowners will increase energy efficiency standards.

Energy Efficiency

Every year, much of the energy the U.S. consumes is wasted through transmission, heat loss and inefficient technology costing American families and businesses money, and leading to increased carbon pollution.   Energy efficiency is one of the easiest and most cost-effective ways to combat climate change, clean the air we breathe, improve the competitiveness of our businesses and reduce energy costs for consumers.

The Department of Energy is working with universities, businesses and the National Labs to develop new, energy-efficient technologies while boosting the efficiency of current technologies on the market.

Increasing energy efficiency has been a long-awaited mission for The U.S. Department of Energy (DOE). This year the DOE launched two new regulations involving air conditioning equipment and water heaters that will increase energy efficiency finally accomplishing these goals.

1.  The first change involves raising efficiency standards for Air Conditioning equipment.

Two-thirds of all homes in the United States have air conditioners. Air conditioners use about 5% of all the electricity produced in the United States, at an annual cost of more than $11 billion to homeowners. As a result, roughly 100 million tons of carbon dioxide are released into the air each year, an average of about two tons for each home with an air conditioner.

Beginning January 1, 2015, new Seasonal Energy Efficiency Ratio (SEER) standards will increase from 13 to 14. The higher the SEER rating, the more energy efficient a unit is. For those not familiar with the term, SEER is calculated by dividing how much a unit cools by how much energy it uses during a typical cooling season.

There are many other alternatives that provide cooling with less energy use. You might also consider fans, evaporative coolers, or heat pumps as your primary means of cooling. In addition, a combination of proper insulation, energy-efficient windows and doors, day lighting, shading, and ventilation will usually keep homes cool with a low amount of energy use in all but the hottest climates. Although ventilation is not an effective cooling strategy in hot, humid climates, the other approaches can significantly reduce the need to use air conditioning.

2.  The second big change involves water heater replacements. This is an amendment to the  National Appliance Energy Conservation Act known as the 2015 DOE      Final Rule.

When the amendment takes effect on April 16, 2015, the DOE will require higher energy factor ratings on virtually all residential gas, electric, oil and tankless gas water heaters.

Hot water has become essential to our daily lives — from washing hands to cleaning dishes to showering — and quickly adds up to higher energy bills. It comes as no surprise that water heaters account for nearly 17 percent of a home’s energy use, consuming more energy than all other household appliances combined.

We are all guilty of using a little too much hot water in our daily lives — whether it is spending an extra two minutes in the shower, leaving the water running while washing dishes or washing clothes on hot water instead of cold. Taken together, these habits of wasting water add up. So it is no surprise that the average household spends $400-$600 a year on water heating — accounting for 14-18 percent of homeowners’ utility bills.

Homeowners need to be familiar with these new regulations to benefit from them, and avoid difficult and costly decisions in the future regarding energy efficiency standards.

 

Bouncing back from foreclosure!

After losing their homes in the foreclosure crisis, boomerang buyers are back!   Since the housing bubble burst, 4.8 million borrowers have lost their homes to foreclosure, and another 2.2 million gave them up in short sales, according to Realty Trac.

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How quickly someone can bounce back from a foreclosure or a short sale depends on the reasons for the past financial problems and on the person’s current credit score. A would-be borrower who had good credit history before a job loss, for instance, is more likely to qualify for a new mortgage than one who had bad credit and continues to demonstrate poor financial habits.

The FHA introduced a Back to Work loan program in 2013 to address the needs of individuals and families who lost their homes because of the housing crisis and recession. The program requires housing counseling before a new loan can be approved.

The borrowers need to be able to document the reason for the foreclosure or short sale and show that they’ve been responsible with their credit after they lost their home. A drop in credit score is okay as long as they can show they had good credit before the crisis.

Is the government helping the middle class enough to buy a home?

Is the government helping the middle class enough to buy a home?

Just as the housing recovery should be taking off, lenders are turning away potential home buyers by demanding unusually high credit scores and other tough standards on government-backed loans – exceeding the government’s own criteria in a bid to insulate themselves from financial penalties and lawsuits. The reluctance to lend has alarmed policymakers and heightened tensions between them and the industry as each side struggles to rectify the problem without exposing themselves to unreasonable financial risks. house7

As many as 1.2 million additional loans would have been made annually since 2012 if normal, pre-housing bubble lending standards had been in place, according to a recent analysis by the nonpartisan Urban Institute.

But lenders say the mixed messages they’re getting from Washington give them no incentive to widen access to credit. The government, determined to prevent a repeat of the irresponsible lending practices that sparked the housing bust, has forced lenders to buy back billions of dollars in loans and continues to trumpet massive legal settlements with the industry.

Fannie, Freddie and the FHA collectively own or back nearly half of all U.S. mortgages, according to Inside Mortgage Finance. None of them makes loans, though they are critical to making mortgages widely available.

Fannie and Freddie buy loans from lenders, package them into securities and sell them to investors. For a fee, they guarantee the mortgages and then pay investors if the loans default. The FHA insures the lenders it works with against losses if loans go bad.

Federal Reserve Chair Janet L. Yellen weighed in this summer, lamenting that “any borrower without a pretty pristine credit rating finds it awfully hard to get a mortgage,” which in turn has slowed the housing market’s recovery.