President Obama last week addressed the nation on ways to stimulate the economy and didn’t say all that much about his new refinance program designed to help homeowners avoid foreclosure, other than we’re workin’ on it! He hopes to reveal the complete plan over the next few weeks. However, our crack staff here did some snooping and uncovered some bare bones details of a proposed plan that would allow borrowers that are currently upside down on their mortgage, the opportunity to refinance. One of the features is rumored to be the ability to refinance regardless of your income, and your ability to get your loan with limited fees. Of course your refinance plan won’t be complete without the luxury of having…A NEW RATE, currently around 4%, providing you the comfort and stability to stay in your home. A total prize package costing your government 600 million dollars and it can be yours if the Program is Right. While Obama’s plan may end up being able to help some people that are upside down refinance, Hopefully, he doesn’t just offer some lovely parting gifts to the thousands of people that are trying to SELL their house right now.

Did you know there’s a maniac terrorizing the residents of a small Playa del Rey, CA condo complex ?  Did you know he once was a member of the hollywood brat pack  and he’s striking fear into the hearts of anyone who dares to cross his path. Actor Anthony Michael Hall is out of control warning his neighbors, “Don’t you forget about me!”  Neighbors say Hall is often seen creating a ruckus, cussing at people, stomping on flowers, and attempting to squirt them with a hose…, not the flowers, the people.  He was just arrested last week for banging on a neighbors door wanting to fight him. I’m glad someone stopped him before he had an opportunity to brandish a flare gun. Obviously he didn’t learn anything from Saturday detention, So if you’re around Playa del Rey, be careful people because you mess with the bull, you get the horns.

With rates close to 4%, a payment less than comparable rent, and bargain house prices. Why wouldn’t you take 10 minutes to see if you can buy a first or larger home right now. We’re closing loans in about 14-18 days, so give me a call.