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Housing Insiders Weigh In  On Sacramento Real   Estate Refinancing ©www.DavidYaffeeTV.com
Housing Insiders Weigh In OnSacramento Real Estate RefinancingSacramento Real estate investors and wannabes, industryexper...
Housing Insiders Weigh In OnSacramento Real Estate RefinancingThe Obama administration believes that these changeswould ha...
Housing Insiders Weigh In OnSacramento Real Estate RefinancingThey remain quite since lender participation in theprogram i...
Housing Insiders Weigh In OnSacramento Real Estate RefinancingThe program, as of August, has helped almost 5,000people ref...
Housing Insiders Weigh In OnSacramento Real Estate RefinancingTo give you a better idea, the government’s shifts include:E...
Housing Insiders Weigh In OnSacramento Real Estate RefinancingThey would also take away the 125 percent loan-to-valuecap f...
Housing Insiders Weigh In OnSacramento Real Estate RefinancingBut the question is will this work to everyone?According to ...
Housing Insiders Weigh In OnSacramento Real Estate RefinancingGovernment enterprises Freddie Mac and FannieMae, who were p...
Housing Insiders Weigh In OnSacramento Real Estate RefinancingAnother real estate practitioner added that the saidrefinanc...
Housing Insiders Weigh In OnSacramento Real Estate Refinancing"Investors see refinance as a prepayment creating a lossrela...
Housing Insiders Weigh In OnSacramento Real Estate RefinancingMeanwhile, an analyst at Bankrate.com, called thechanges "lo...
Housing Insiders Weigh In OnSacramento Real Estate RefinancingMeanwhile, according to some experts, “Bank of Americawill p...
Housing Insiders Weigh In OnSacramento Real Estate RefinancingDespite ongoing economic challenges, nearly 90 percentof our...
Housing Insiders Weigh In OnSacramento Real Estate RefinancingLooking for Sacramento Real Estate properties?Then visit us ...
Housing Insiders Weigh In OnSacramento Real Estate Refinancing         Brought To You By           ©www.DavidYaffeeTV.com
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Housing Insiders Weigh In On Sacramento Real Estate Refinancing

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Sacramento Real estate investors and wannabes, industry experts and politicians throughout the region expressed relief when the Obama administration announced major changes to a federal program that could help more homeowners who are having problems on their real estate mortgage.

For more information please visit us at http://www.DavidYaffeeTV.com

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Transcript of "Housing Insiders Weigh In On Sacramento Real Estate Refinancing"

  1. 1. Housing Insiders Weigh In On Sacramento Real Estate Refinancing ©www.DavidYaffeeTV.com
  2. 2. Housing Insiders Weigh In OnSacramento Real Estate RefinancingSacramento Real estate investors and wannabes, industryexperts and politicians throughout the region expressedrelief when the Obama administration announced majorchanges to a federal program that could help morehomeowners who are having problems on their real estatemortgage. ©www.DavidYaffeeTV.com
  3. 3. Housing Insiders Weigh In OnSacramento Real Estate RefinancingThe Obama administration believes that these changeswould have a great positive effect in the industry once it isimplemented.But most of the real estate experts have agreed to remainsilent not until they see that the administration wouldreally pursue on the said program. ©www.DavidYaffeeTV.com
  4. 4. Housing Insiders Weigh In OnSacramento Real Estate RefinancingThey remain quite since lender participation in theprogram is voluntary and implementation could dependon the situation.According to a real estate expert in Sacramento, “Thechanges will affect the Home Affordable RefinanceProgram, which aims to help certain borrowers refinancetheir home loans and reap the benefits of historically lowmortgage rates.” ©www.DavidYaffeeTV.com
  5. 5. Housing Insiders Weigh In OnSacramento Real Estate RefinancingThe program, as of August, has helped almost 5,000people refinance their mortgages and lower their monthlypayments.The Obama administration estimates it could double thatnumber with the new adjustments, an authorized personsaid. ©www.DavidYaffeeTV.com
  6. 6. Housing Insiders Weigh In OnSacramento Real Estate RefinancingTo give you a better idea, the government’s shifts include:Encouraging people to refinance into home loans withshorter terms by nixing certain fees. ©www.DavidYaffeeTV.com
  7. 7. Housing Insiders Weigh In OnSacramento Real Estate RefinancingThey would also take away the 125 percent loan-to-valuecap for fixed-rate home loans, something that kept manyborrowers from taking advantage of the program.The Obama administration would also get rid of newappraisals and instead using what government officialscall "automated valuations models." ©www.DavidYaffeeTV.com
  8. 8. Housing Insiders Weigh In OnSacramento Real Estate RefinancingBut the question is will this work to everyone?According to some experts, they doubted this so calledrefinancing. "I doubt it will have a large effectnationwide," said a director of real estate center at SanDiego State University. "And the question remains as tohow banks will implement." ©www.DavidYaffeeTV.com
  9. 9. Housing Insiders Weigh In OnSacramento Real Estate RefinancingGovernment enterprises Freddie Mac and FannieMae, who were part of Mondays announcement, willunroll more exact details on the changes by Nov. 15.Lenders are not required to take part in the program."Implementation schedules will vary as individuallenders, mortgage insurers and other market participantsmodify their processes," the FAQ says. ©www.DavidYaffeeTV.com
  10. 10. Housing Insiders Weigh In OnSacramento Real Estate RefinancingAnother real estate practitioner added that the saidrefinancing program could help qualified borrowers lowertheir mortgage payments, which may bode well for theU.S. economy.But on the other hand, he continued that the changesdont address "the main problem of negative equity" andthat refinancing could cost investors a huge amount ofdollars. ©www.DavidYaffeeTV.com
  11. 11. Housing Insiders Weigh In OnSacramento Real Estate Refinancing"Investors see refinance as a prepayment creating a lossrelative to what they assumed they would earn when theyinvested in the mortgage (i.e., their investment at 5percent is now one at 3.5 percent," and this would be areal problem for investors who would just like to earnfrom investing their hard earned money through buyingand selling multiple properties below market value. ©www.DavidYaffeeTV.com
  12. 12. Housing Insiders Weigh In OnSacramento Real Estate RefinancingMeanwhile, an analyst at Bankrate.com, called thechanges "long overdue," and "better late than never" thisanalyst believe that this changes would benefit the realestate industry in a very positive way. ©www.DavidYaffeeTV.com
  13. 13. Housing Insiders Weigh In OnSacramento Real Estate RefinancingMeanwhile, according to some experts, “Bank of Americawill participate in the enhanced Home AffordableRefinance Program announced by the Administration inthe coming days and which is expected to go into effectDecember 1.Since the inception of HARP in 2009, Bank of America hashelped many homeowners through this program; morethan any other lender. ©www.DavidYaffeeTV.com
  14. 14. Housing Insiders Weigh In OnSacramento Real Estate RefinancingDespite ongoing economic challenges, nearly 90 percentof our customers remain current on their mortgage.HARP helps these homeowners who remain current ontheir mortgage with options to lower their monthlypayment when, otherwise, conventional funding optionsare limited.” ©www.DavidYaffeeTV.com
  15. 15. Housing Insiders Weigh In OnSacramento Real Estate RefinancingLooking for Sacramento Real Estate properties?Then visit us at www.DavidYaffeeTv.com !We offer great quality Sacramento Real Estateproperties! Visit us now! ©www.DavidYaffeeTV.com
  16. 16. Housing Insiders Weigh In OnSacramento Real Estate Refinancing Brought To You By ©www.DavidYaffeeTV.com
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