Your home's value is in your hands

Most of  us know that the value of our home is pretty important.  If you don’t know exactly what your home is worth, then you need to come see us at the San Diego Business Showcase.

Your home’s value is important

Since much of an average homeowner’s financial portfolio is tied up in the value of their home, knowing exactly how the market is affecting that value is important.  Will you be able to access funds from your home?  Are you upside down?  Can you take advantage of loan programs, equity financing or other tax planning techniques to better use the value of your home?

Free Home Valuation

Come to our booth at the Del Mar Fairgrounds on April 7, 2010, between the hours of  2 p.m. to 7 p.m.  We’ll offer you a complimentary valuation of your home, answer questions you may have, or just talk about the housing market here in San Diego.  We’re experienced real estate professionals who know what you need to know, and how to make it easy for you to get that information.

Sign up for VIP Treatment

Take advantage of signing up early, and receive VIP access to reports and valuations for you home and those homes of interest in your neighborhood.  Head to The VIP Real Estate Opportunity at our website, and get yourself on track for having information available 24 hours a day.

If you want a question answered immediately, just give us a call at 760-802-9713, and we’ll be happy to help.

Yes, it appears so. The new Federal budget, currently working its way through various committees in the Legislature, have reworked the HECM for purchase Reverse mortgage program to decrease the amount of funds that will be available to seniors in the reverse mortgage transaction. While some of the costs of the loan have actually decreased, this potential reduction in benefits could affect seniors who are considering options related to buying a home utilizing a reverse mortgage.

The current bills moving through Congress decrease the potential benefit to the senior by anywhere from 10% to 18%, and it seems likely that a compromise will result in a reduction somewhere in between.

How to Get your HECM for purchase Reverse Mortgage now

Give me a call ASAP. The new laws are purported to lower the benefit amounts as above by October 1, 2010. There is still plenty of time for a senior 62 years or older to take advantage of the more liberal benefits currently available.

Welcome to Andrew Aguiar, Bank of America reverse mortgage specialist and professional.  He has joined our senior real estate team to provide expertise and guidance to our seniors (62+) who want to learn how to use a reverse mortgage to buy a home (HECM Purchase) and never make another payment, or simply stay in their current home and access the equity in their home through a standard reverse mortgage.

Back in June of 2009 I introduced you to Andrew Aguiar at the El Camino Country Club in Oceanside. Andrew explained the questions that people often ask about reverse mortgages, and it started a flood of even more questions about how to go about getting more information on this type of home financing.

Want more information on Reverse Mortgages Right Now?

The best way to get started is to call Andrew directly at 619.520.9725, or visit his Bank of America Reverse Mortgage Information Site.

Most of us know that to buy a home we talk to a knowledgeable lender, arrange for a loan, and then off we go to either purchase the home, refinance the home, or take out an equity line of credit.  But who knows about the Reverse Mortgage?

A Loan Program for Seniors

Reverse mortgages are government backed loans made only to seniors (62 years of age or older), who own a home and have equity in that home.  There are lots of formulas that determine what kind of benefit the senior can get. (Remember this is a government program)

If the senior has sufficient equity, the reverse mortgage will pay off any existing loan on the property, allocate some of the equity back to the senior for whatever  purpose they want, and STOP ALL FUTURE MORTGAGE PAYMENTS! 

You heard me right.  Never make another mortgage payment.  Think what a relief that could be to a senior who has a limited income.  Remember that taping into a home’s equity in today’s market is almost impossible, so a senior who has $200,000 in equity finds that those monies are literally tied up, unreachable, and of pretty much no use to the senior to use for any purpose whatsoever.  If, however, the senior takes out a reverse mortgage, they will have no further mortgage payments (and all that money in their pocket), and usually a significant amount of cash that can be invested, spent or tapped as income on a monthly basis.

Sell Your Home Now – Buy Another – Make NO MORE MORTGAGE PAYMENTS!

But that’s not all.  If a senior wants to sell their current home, and buy another home using some of the proceeds they get from that sale as a downpayment on another home, the Reverse Mortgage program named HECM is almost unbelievable!

Under HECM a senior can sell their existing home, pay off the current loan on that property,  and then take the government benefit (Reverse Mortgage) allowing them to buy another property and NEVER, EVER MAKE ANOTHER MORTGAGE PAYMENT ON THE NEW HOME THEY PURCHASE.  Remember that even with great credit and a substantial downpayment, seniors may find it impossible to qualify for a loan to buy even a modest sized home.

Call to learn more about Reverse Mortgages. STOP MAKING MORTGAGE PAYMENTS!

Buying or Selling a Home?

Welcome back to the finest business networking event in San Diego.  Once again the San Diego Business Showcase will be the forum for many types of businesses and ideas, and this year Prudential California Realty’s Don Reedy is once again going to share ideas, facts and information about the real estate market in San Diego with all who attend.

Don Reedy is an experienced, award winning Realtor with the North County San Diego office of Prudential California Realty.  His work with both high end and first time homebuyers has brought him lots of associated contacts and sources of information, all of which he shares here at the San Diego Business Showcase, on his blog, and his VIP site for home buyers and sellers.

Join Us to talk about Real Estate

Come join us at our booth to get all your home buying or home selling questions answered.  We can set you up with our valued associates to answer questions about real estate matters, help you get a valuation on your home, discuss recent legislation affecting your home, and help get you the financing you need to purchase the home you want in North County San Diego.