1. Tax breaks. The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, as well as some of the costs involved in buying your home. 2. Appreciation. Real estate has long-term, stable growth in value. While year-to-year fluctuations are normal, median existing-home sale prices have increased on average …
Jun 18
Short Sale Highlights
We are aggressively and successfully performing short sales thus helping hundreds of people to avoid foreclosure in Charlotte, Lee and Collier counties. No worries if your property is not located in these areas. These highlights hold true nationwide. However, you should always consult your tax professional and attorney for your specific situation. With that said …
Jun 17
Good News For Homeowner Short Sales
The Home Affordable Foreclosure Alternative Program (HAFA) has not met up to its expectations with regard to providing a viable alternative to a full blown foreclosure for distressed homeowners wanting to sell properties that are underwater rather than have a foreclosure on their record. The HAFA program’s intent from the inception was intended to allow …
Jun 16
10 Questions to Ask Your Lender
1. What are the most popular mortgages you offer Why are they so popular 2. Which type of mortgage plan do you think would be best for me Why 3. Are your rates, terms, fees, and closing costs negotiable 4. Will I have to buy private mortgage insurance If so, how much will it cost, …
Jun 16
Bank of America Agreement With Federal Authorities on Mortgage Matters
Bank of America Corporation today confirmed it has joined the other four largest mortgage servicers in agreeing in principle to the terms of a global settlement resolving federal and state investigations into certain origination, servicing and foreclosure practices. The settlement with 49 state attorneys general, the United States Department of Justice and other federal agencies would extend additional …
Jun 15
CHDAP is Back! – Downpayment Assistance Program
California Homebuyer’s Downpayment Assistance Program (CHDAP) The CHDAP provides a deferred-payment junior loan – up to 3% of the purchase price, or appraised value, whichever is less, to be used for their down payment and/or closing costs. This program may be combined with a CalHFA or non-CalHFA, first mortgage loan. Review the sections below to …
Jun 14
$25 Billion Mortgage Servicing Agreement Filed in Federal Court
The Justice Department, the Department of Housing and Urban Development (HUD) and 49 state attorneys general announced today the filing of their landmark $25 billion agreement with the nation’s five largest mortgage servicers to address mortgage loan servicing and foreclosure abuses. The federal government and state attorneys general filed in U.S. District Court in the …
Jun 14
Is It an Offer They Can t Refuse
So you ve gotten pre-approved on your loan and you ve decided on what type of home you want to buy. And, you ve found your dream home. Now it s time to make an offer on it. This is when the real fun begins. To make a good offer on a house, look at …
Daniel Andrade
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CENTURY 21
My Real Estate Agent
7825 Florence Ave
Downey CA 90240
(562) 888-3264
