Posts By Michael Mekler
Location
California
Phone: 760-536-6200
Posts
Due to market conditions and the declining home values, “cash-in” Refinances are becoming extremely popular. During the sub-prime years this type of loan would have never existed. The fact of the matter is that the financially savvy homeowner realizes that money market accounts, certificate of deposits, saving accounts, etc. are paying, in some case, 1% [...]
It is official. The bill HR 5981 has been passed and made into law. But what exactly does that mean to people in the process of LOOKING for a home? My hope is that these points will clarify any and all of your questions: First the great news. If you are currently looking at an [...]
Wikepedia defines “deflation” as: In economics, deflation is a decrease in the general price level of goods and services.[1] Deflation occurs when the annual inflation rate falls below zero percent (a negative inflation rate), resulting in an increase in the real value of money – allowing one to buy more goods with the same amount of money. As inflation reduces [...]
Governor Arnold Schwarzenegger has allocated $200 million as a credit for home purchases from May 1st through August 1 2011. That number is twice the amount passed for purchases in 2009. “The tax credit will help push prospective buyers off the fence, clear out inventory, and jump-start the homebuilding industry, which will help create jobs and [...]
If you have plans to buy a home through the USDA program you better act fast because funds are just about depleted. In a recent statement, the Department of Agriculture has announced that funding for the USDA the USDA Section 502 Guaranteed Rural Housing (GRH) Program will likely be exhausted by the end of April [...]
As the first time home buyer and move up buyer credit gets closer to expiration it is quite apparent that there will be more activity of shoppers in a frenzy to make offers on the existing inventory. Another catalyst to create the “perfect storm” for some home buyers is the speculation that interest rates will [...]
This morning my alarm clock went off at 6AM, like every other day. Like most people these days, according to recent marketing studies, I reach for my Iphone to get a feel of what the mood in the financial markets will be like by the time I reach my office. Today the overall mood was grim at best. [...]
One of the best kept secrets in lending is about to gain a tremendous amount of press. This type of FHA 203K Mortgage is not restricted by the $35,000 cap and it will become more popular as the so called “ghost inventory” starts to get released. These loans are also extremely helpful for homes that are [...]
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