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!
If you have higher mortgage payments, now is the time to change it! In recent years we have seen many changes in our national economy. We have seen cuts in interest rates given by the Federal Reserve cuts not seen for many years.
One situation that influenced home foreclosures for many homeowners were the high interest rates they were granted. These mortgage loans were presented for a large number of months as a fixed payments and later converted into variable rates, causing a drastic financial instability in many homeowners facing now a new higher mortgage payment.
The HARP Refinance Program gives the Homeowners that have not been behind in the last 12 months, and can prove income under the new conditions and repayment capacity; the opportunity to refinance with low current interest rates. This means that you can refinance even if the actual mortgage balance is higher than the value of your property on the market today. The HARP and FHA programs are the only programs that allow you to refinance under these terms.
Compare and discuss your options and determine if refinancing NOW is financially right for you. The essence of refinancing is to find the best fit and financial balance for you and your family. Remember, an informed decision is the best guarantee!