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Find Out Which FORECLOSURES Are Going To Be On The Market, Before The Competition: (800) 656-5334
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Buyers Want Your Home for as Little as Possible.
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The key analysis tools on this website will allow you to search for Real Estate Owned (REO) properties throughout San Diego County! Are you wondering if you should buy now? Interest rates are in the 4% range, and home prices in Chula Vista have dropped 72% in some neighborhoods - what an amazing time to BUY A FORECLOSURE! Some banks are offering incentives to purchase their Foreclosed Homes, and the Housing and Urban Development Agency (HUD), will let owner occupants purchase their homes with a $100 down-payment! Fannie Mae will let investors purchase any of their Foreclosed Homes (1-4 units) with only 10% down-payment, and NO PMI, and NO APPRAISAL, and 30-year Fixed Loans as low as owner occupant rates! Invest today in a cash-flowing home! Click on the MLS button to see all of the homes that REALTORSŪ have access to in San Diego. Better yet, we have access to HUNDREDS of homes that are not on the market yet; these homes have gone through foreclosure, and the banks that own them are preparing them for the MLS. Learn what properties are going to be available, before the competition - Give Us A Call Today! (800) 656-5334  |
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Financing Your Home >Hybrids Offer Low Rates In the field of home financing, "hybrid" mortgages have grown in popularity with homebuyers. With interest rates gradually rising in today's market, the hybrid mortgage product saves money, provides a period of fixed-rate security and helps buyers qualify for financing.
Hybrid mortgage loans offer a very low fixed-rate for a period of time, usually from 5 to 7 years, then revert to an adjustable rate mortgage (ARM) for the remainder of the term of the loan. The interest rate is typically lower than with a 30-year fixed-rate loan, and the borrower has the assurance that the rate will not change for a period of years. Such a loan works well for buyers who plan on reselling the home within a finite period.
Other specialty mortgages now available include an ARM loan with a provision allowing it to be converted to a fixed-rate loan when that is a practical step for the borrower. Still others offer an interest-only loan that requires payments to be made on the interest only for a specified number of years, then reverts to an amortized loan with interest and principal payments each month. Consult with an experienced mortgage professional to determine whether one of these loan products will meet your needs.
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| Q |
Who is "Freddie Mac", and why is he a big name in real estate?
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| A |
"Freddie Mac" is the nickname for FHLMC, the Federal Home Loan Mortgage Corporation, which buys mortgages from lending agencies, thus allowing lenders to continually replenish funds for new mortgage loans. |
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