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Panoramic Views in Lovely Eastview
Posted by Mira Bozanich | Leave A Comment »
Just Reduced! Serene, Panoramic Views of City Lights, Mountains & Sunsets in lovely “Eastview”~~Most Popular Sapphire Model you’ve been waiting for~~Spacious Master Suite on the First Level~~two BR’s & Loft/Office/BR 4 Upstairs~~Stunning & Inviting, Light & Bright Floor Plan features: Cathedral Ceilings, Spiral Staircase, Sunken Living~~Gourmet Cook Kitchen offers Abundance of Cabinetry, Center Island & Breakfast Nook~~Step out to Large Yard w/Raised, Covered Patio to enjoy Spectacular Views~~PUD~~Prop. U & BB apply.
Open House on Sunday, May 22nd from 1:00-4:00 PM.
Offered at: $589,900
Take a look at the virtual tour: http://www.flashitfirst.com/gallery/17742_Bellechase_Circle_vt1.html
Please Contact:
Mira Bozanich
[email protected]
(858) 449-0590
www.mirasandiegohomes.com
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Why You Should Buy That Home Now
Posted by Mira Bozanich | Leave A Comment »
Why You Should Buy That Home Now – Real Estate by AnnaMaria Andriotis
The Obama Administration’s proposals to extricate the government from Mortgage Lending sounds like the death knell for Freddie Mac and Fannie Mae. That is not good news for Homebuyers, either. In the proposals there were changes that will mean more Expensive Mortgages, with Higher fees and, probably, higher interest rates, larger Down Payments, and in the longer term, fewer Lenders to choose from.
The changes aren’t effective immediately, and some, if passed by Congress, won’t go into effect for few years. Even so, they pose a dilemma for today’s would be Homebuyers. Loans are cheaper today than they’re likely to be in the future – but one of the unintended consequences of the proposals could be another drop in the home prices should higher mortgage costs dampen demand. Unfortunately, there’s no single right answer, experts say.“Buyers should not rush in- but there is no reason in most markets to delay waiting for something better to come along – it probably won’t” says Barry Zigas, director of Housing policy at the Consumer Federation of America.
Congress will ultimately decide whether Fannie And Freddie have a future, and whether the other changes could go into effect as soon as this fail. Here are the Big Three:
Smaller Mortgages – In October, the Maximum size of Mortgages in high-cost cities backed by Freddie Mac and Fannie Mae will shrink – from &729,750 to $625,500. The $417,000 amount for moderately priced area will remain the same.
Higher Fees - In November, the Federal Housing Administration could raise Mortgage Insurance Premium Fees 0.25% for Borrowers. The hike comes out to an extra $250 per $100,000 of mortgage per year. Over the life of 30-year $300,000 mortgage, the higher rate means an additional $12,000 more in payments.
Bigger Down Payment - Currently, Borrowers can try to get a mortgage from a Bank with just 5% down, because that mortgage is going to be sold to Fannie Mae or Freddie Mac. According to the proposals, that requirement would Increase to 10%.
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Americans’ Aspirations for Homeownership Remain Strong
Posted by Mira Bozanich | Leave A Comment »
Own-Rent Analysis
While more than half of Americans say the Housing Crisis has not affected their willingness to buy a home, many still have doubts about the Housing Market for the near term.
According to the Fannie Mae 2010 Own-Rent Analysis report released in December, 89% of Homeowners, and 44% of Renters believe they would be better off owning a home, given their current financial situation. Both those, who currently own their home and those who rent – strongly aspire to own a home and to maintain Homeownership, despite ongoing turmoil in the Housing Market.
The Own-Rent Analysis is based on extensive primary research with Homeowners and Renters. The highlights of report show two major themes of analysis: Persistence of the Homeownership Aspiration and Housing Choices Throughout the Lifecycle and the Impact
Please Contact: Mira Bozanich
(858) 449-0590
[email protected]
www.mirabozanich.com
Related Posts: Area Information, Baby Boomers, Buyers, Find A Home
