Invest in YOUR Future Don't Let others decide

I keep reading so much of the what’s, whys and who dunits of this Real Estate bubble burst, economy melt down, global financial crackup. All a lot of lip service, pontificating and finger pointing. Amazing! And by the ones that created it, run governments (ours mostly) and dictate policy and legislation that still perpetuate the problems.



The latest that I have been reading about since Aug. 2011 is the proposition to now take all the REO-Bankowned-Forclosed homes and turn them into RENTALS!! This to either be done through another Gov. run Program/Agency, more bureaucrats or incentivizing INVESTORS (hand picked???) to purchase these properties for use as RENTALS. This again would be more tax dollars spent, to disallow the free market to work, all at tax payer expense.


So the cycle will never end.


The debt grows higher, we have families that will always be renters, never invest in a home of their own and all continue to be taxed to the point of just treading water. All the while these politicians, unelected bureaucrats and so called experts collect whopping salaries, benefits and retirement packages that are catapulting our economy and country into the abyss of financial ruin.

With this abundance of properties available and the interest rates at all time lows,  don't wait, till it's too late! 

Make your move now!  It is cheaper to buy than to rent!


Call me  Marlene 831-429-9091   
I'd love to help you find your home. 

Look for so many possibilities on my website.
                http://1459highst.epropertysites.com/

The Latest News on Real Estate Lending

The Latest News on Real Estate Lending

Just finished attending the  Latest Real Estate Lending panel by our local, Monterey Bay Area, Real Estate Lenders that have been in the Mortgage business collectively for decades.  These Real Estate Lenders take their business seriously and have weathered the storm of the Real Estate collapse because  of their hard work, honesty, diligence in providing the best information and service in this constantly changing business.

With so much at steak with individuals/families, these professionals know how every increment of cost effects budgets and the quality of life.  Professional Real Estate Lenders, keeping up on the latest news on real estate lending is a way of life.
For example do you know who the best lender source is?
Do you know what the bond markets are doing?  Do you know how the bond markets effect the interest rate?  Are you keeping track of what Washington is doing and when the next hidden tax will hit you?

The basic thrust of their comments is that the market is improving locally, multiple offers on well priced properties, the interest rates and fees charged for either a purchase or “re-fi” are the best right now since there is legislation on the books and in the works to cause a ‘Change’ coming as the year progress and into 2014.

For a list of the Best Real Estate Lenders, just call me, I would be very pleased to refer any of them.  For any of your Real Estate needs and for the latest news on Real Estate I am just a phone call away.

Marlene Henderson, Broker/Owner

MoeBEST-Henderson Properties and Property Management

When only the  BEST will do . . . . . .


MoeBEST-Henderson  Properties and Property Management

Rental Program by the Govm't?

Just remember anytime the government gets involved with private enterprise it skews the natural balance/energy of the markets. Look what happened when the Glas/Speigle Act was repealed in 1999! This opened the flood gates to derivitives and Voila the banking debacle that has resounded for 10 years --- so far. Let the natural market of investors and buyers absorb this wrecked housing market. Limit the monies that have been given to the banks to only be used to actual real estate purchasers NOT for their investment portfolios. Sadly there was no oversite nor accountability designed when the BILLIONS where handed out - Amazing! You don't cure a cold by inducing pneumonia. I whole heartedly agree with NAR.

Is this really tax relief or just perpetuating the problem???

Two Things You May Have Missed

by Dean Hartman on February 16, 2012

Before the end of the year, Congress and the President agreed to extend the payroll tax cut. In that bill, there were two items of interest for those involved in real estate.

1.) The hike in the Guarantee Fees charged by the GSEs Fannie Mae and Freddie Mac.

The 10 basis point increase in the fees has translated to a .375% to .5% increase in mortgage rates for conventional loans. Many customers who started their loans a couple of months ago are being “surprised” with higher than expected rates. Heck, everything you read in the papers says rates are at historic lows and will likely stay there through 2014. Many consumers feel as if their lender is being unscrupulous. However, your lender has fallen victim to the increase in Guarantee Fees and how the secondary market is passing on the cost. What looks like possible lender greed is just a passing on of the increased expense imposed by the government. Sadly, the increased revenue isn’t even being used to help aid an ailing Fannie Mae or Freddie Mac. It is being turned over to the US Treasury to cover the temporary extension of the payroll tax cut.

2.) Permission for HUD to increase the insurance premiums they charge on FHA loans.

If you remember, HUD charges two insurance premiums – a monthly one and an up-front one that is usually added into the loan. Most recently, they reduced the up-front mortgage insurance premium (UFMIP) and dramatically raised the monthly fee (MMIP). It is widely anticipated that, maybe as soon as April, we will see a hike in the UFMIP with no adjustment to the MMIP. While this will help shore up the reserves in the insurance fund, it will simultaneously make buying a home more expensive. No one knows the effective date or amount of the increase. Buyers should look to buy before the increase in fees.

We always hear how our government officials tuck away things in their bills. In this case, while the headlines during the holidays praised Washington for preserving the payroll tax cut, they may have hurt us more in the long run.

Energy Efficient Mortgage 101

                                                                              

A little Mortgage Knowledge can go a Long way! 

Not really that well utilized is the EEM and EIM --- Energy Efficient Mortgage and Energy Improvement Mortgage respectively --- 203 K's

The first is for new homes that are designed and rated Energy Star and the later for existing homes. It has many benefits and is incorporated into the First mortgage at the time of purchase. It comes with load of benefits that can easily be actualized monetarily.

The purchaser of an existing home would have it energy rated by an approved contractor. This would be to determine what needs to be done, at what cost, to make the home more ’efficient’. According to what the energy savings would be once the improvements are completed, this is how much more is allowed in mortgage payment of the borrower. The limit in Calif. for additional mortgage balance is $31,000. on an existing home.

The benefits range from creating a more sound home for the family, to being able to, once you are done with the home, offer it for a premium due to the upgrade of with efficiency features .

From insulation to efficient appliances to weather stripping and double pane windows, the quality of your living environment and the reduction of you utility bills will be directly proportionate to your enjoyment of living.

This can be done additionally when you chose to refi your home.

The offset is in the savings on your utility bills so there is no requirement of additional income. Sweet!

Always keeping myself up-to-date for the benefit of my clients!

Marlene Henderson, Broker/Owner

MoeBEST-Henderson Properties and

Property Management

www.BestSantaCruzProperties.com

Call anytime 831-429-9091

Summer in the Winter - Santa Cruz, Calif.

Yes, we know why we live here and it gets better all the time. 
While the East coast is suffering with their typical abysmal snow, wind, slush, and horizontal rain, the Midwest is terminally digging out, we in The Monterey Bay are enjoying Summer 70's with clear blue sky's.
While sipping champagne and munching on crabcakes at Chaminade today, gazing out at the crystal clear blue bay dotted with sail boats, I realized how blessed I am. 
When YOU decide you want your piece of heaven, call me.  I'm always happy to share the beauty of the bay and my expertise in guiding you to find your treasured spot to call home.

Marlene Henderson, Broker/Realtor
MoeBEST-Henderson Properties and
Property Management

831-429-9091  Anytime

The Altruistic approach to Real Estate

Well, here we have the latest and greatest vehicle by the administration to get some troubled assets or just some derelict properties cleaned up.  Know of any idle millionaires with spare change laying about?  A few slum lords that need a $ boost to spur things along?  or just your average 'Joe' or "Josie"  that would like to improve the community!  This is all about revitalizing communities and giving dying areas a second chance.
This could be another paperwork nightmare with more bureaucrats with new jobs they don't know how to do or it could be a 'Golden Opportunity' for some truly altruistic types.  I would really like to help the latter.
Since selling Real Estate is my passion, Call me.  There are truly TONS of properties available and with the "Just introduced Gov't program" rolled out, there's no time to waste.  I can lead you to all kinds of locations with a truly needy appeal and the market is ripe for the picking.
Make this YOUR year to make a difference and invest in improving something bigger than yourself.