President Obama unveiled his plan to help stabilize the housing market and keep millions of borrowers in their homes. The Homeowner Affordability and Stability Plan includes two initiatives to help struggling homeowners. One is a refinancing program for homeowners with less than 20% equity in their homes, or who owe more than their home is worth. The second program attempts to lower monthly payments for homeowners at risk of losing their home. In addition, the plan includes a third initiative to support low mortgage rates by strengthening confidence in Fannie Mae and Freddie Mac. Many of the plan’s details are still being worked out and will not be announced until March 4, here is an overview of the plan’s main components.
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Just signed and sealed…a $787 Billion Stimulus Plan made up of tax cuts and spending programs aims at reviving the US economy. Although the package was scaled down from nearly $1 Trillion, it still stands as the largest anti-recession effort since World War II. Home owners and potential homebuyers stand to gain from key provisions in this stimulus plan. Here is what we know as of today…
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An Historic Opportunity Real estate in San Francisco has historically been a fantastic investment – a great long-term asset that should be part of any portfolio. But, you might ask, what about the recent slowdown? Why should I buy now? Our answer at Afi + Associates: Great value for money! In fact, our associates are […]
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Real estate in San Francisco has historically been a fantastic investment – a great long-term bet that should be part of any portfolio. But, you might ask, what about the recent slowdown? Why should I buy now? Our answer at Afi + Associates: great value for money! In fact, our associates are working overtime to […]
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