Home Affordable Refinance Program

The Obama administration is changing a refinancing program so that more underwater borrowers can qualify.
What is HARP?
The Obama administration in 2009 rolled out HARP to refinance borrowers whose loans were backed by Fannie Mae and Freddie Mac and who were current on their payments. The idea was simple: If you were making your payments on time but didn’t have enough equity to refinance, you would be able to lower your rate without having to pay down your mortgage balance or take out mortgage insurance.
Initially, the program was limited to borrowers who owed between 80% and 105% of the value of their homes. In mid 2009, the program was opened to borrowers who owed up to 125% the value of their homes. But a series of unforeseen “frictions” have led fewer borrowers to take up on the offer lower rates. Fewer than 900,000 homeowners have refinanced under HARP over the past 21 years, and just 72,000 of those borrowers have loan-to-value ratios between 105% and 125%.

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Rancho Carrillo Beauty for Sale!

 This home has privacy and views from every room and upgrades galore, including:

•  Hardwood plank floors
• 18″ porcelain tiles on diagonal granite counter tops in kitchen and all baths
• Viking range & hood
• Bosch stainless dishwasher
• Designer paint & decor
• Crown molding in all rooms
• Window trimmed with stool & apron
• Maple wood blinds
• Model quality plush carpet
• Master suite w/ balcony & views
• Pebble-sheen, solar heated, salt water pool over 8″ deep pool w/ private massage jet spa
• Custom stone & stainless BBQ entertainment bar
• Extensive exterior lighting
• Custom garage cabinets
•  Top-of-the line central vacuum
• All windows tinted
•  Professional landscaping
• Additional upstairs family room or use as media room

Best of all this home sits quietly in a cul de sac with only one neighbor for ultimate privacy.  Award winning schools include Rancho Carrillo elementary, San Elijo Middle School and San Marcos High School.  Contact me for a private showing today, or forward to someone you know that may be interested in this home!

This home is offered at $634,900

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From the California Association of Realtors – Member Legal Services  

Q 1. What is carbon monoxide?

A Carbon monoxide is a gas produced whenever any fuel, such as gas, oil,

kerosene, wood, or charcoal, is burned. A person cannot see or smell carbon

monoxide. However, at high levels carbon monoxide can kill a person in minutes.

In addition, there are well-documented chronic health effects of acute carbon

monoxide poisoning from exposure to carbon monoxide, such as lethargy,

headaches, concentration problems, amnesia, psychosis, Parkinson’s disease, memory impairment, and personality alterations.

(Cal. Health & Safety Code § 13261.)

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Cardiff-by-the-sea Home For Sale

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 New FHA Annual (monthly) MIP Increases

  These changes were effective April 18, 2011
  (for case numbers assigned on or after this date)

1. The Upfront Mortgage Insurance remains at 1.00%.
2. The Annual Insurance Premium will increase from .90% to 1.15% for LTV’s greater than 95% on 30 yr loans.
3. The Annual Insurance Premium will increase from .85% to 1.10% for LTV’s less than or equal to 95% on 30 yr loans.
4. The Annual Insurance Premium will increase from .25% to .50% for LTV’s greater than 90%  on 15 yr loans.
5. The Annual Insurance Premium will increase from 0% to .25% for LTV’s less than or equal to 90% on 15 yr loans.

Carlsbad Homes For Sale, Carlsbad Real Estate, Real Living Real Estate, Shayla Hope, Shayla Hope and Associates

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Carlsbad Homes For Sale, Carlsbad Real Estate

Carlsbad, CA Real Estate Activity From 3/15/11 – 4/15/11

There are currently 806 homes for sale in the City of Carlsbad.  In the last 30 days, 124 homes have sold in the City of Carlsbad.  That’s about a six and a half month supply of homes on the market if no other homes come on the market, however, 225 homes came on the market in Carlsbad in the last 30 days.  (more…)

Carlsbad Homes For Sale, Carlsbad Real Estate, Real Living Real Estate, Shayla Hope, Shayla Hope and Associates

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