Posts By Rich Iacovetta
Location
San Jose, California
Phone: 408-249-1919
Posts
California is offering free money for mortgages while making a push to get homeowners into a 2 billion dollar foreclosure prevention program, and as a result, you could see a principal reduction on your mortgage if you qualify. The program is called Keep Your Home California, and it’s been around since last year but most lenders didn’t participate [...]
Are you one of the 11 million homeowners that are underwater on your mortgage. Are you familiar with the Mortgage Debt Relief Act? Why not? It’s been around since 2007, but it’s set to expire at the end of this year. What this means, is if you get a loan modification, or do a short [...]
Finally the HARP 2.0 refinance program is available in San Jose. Starting March 19, 2012, if you have an upside down mortgage or are underwater on your San Jose home, you could possibly refinance under the HARP program. There are several factors if you can qualify for the HARP 2.0 loan in San Jose. Your [...]
Last week President Obama held the state of the union address and proposed a home refinance program that could allow homeowners to save $3000 a year on their mortgage by being able to refinance their under water house regardless if their home loan is owned by Fannie Mae and Freddie Mac and eligible for the [...]
Did you know you can choose your loan term in San Jose, California? Usually mortgage banks will offer you a standard 30 year fixed or 15 year fixed mortgage, but did you know you can customize your purchase or refinance loan option for the term that you want on your San Jose house? Let’s say you [...]
Want to know when’s the best time to buy a home in California? Here’s why 2012 is the best time to buy a house in San Jose or the bay area. Right before the new year, President Obama signed HR3630, the payroll reduction tax cut bill. The new law will ensure that millions of American’s won’t see [...]
The Home Affordable Refinance Program or HARP, the program that will allow you to refinance your upside down mortgage has come out with their guidelines recently. Originally we were told that banks would start taking loan applications for this program in December. Well, that’s been pushed back to March. Here’s why. In order to be eligible for [...]
California Attorney General Kamala Harris has declared “bring me the head of Ed DeMarco” He’s the guy in charge of the FHFA which happens to run Fannie Mae and Freddie Mac. She is insisting that these agencies be required to help distressed homeowners in San Jose by giving them a permanent mortgage principal reduction that [...]
I just read some shocking results of a homebuying survey, and I want to share with you what you should really know about buying a house in San Jose. Real Estate website Zillow just released results of a survey taken by first time homebuyers that revealed some shocking results of how knowledgeable they are about [...]
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