Buyers are taking advantage of low interest rates, lower prices, short sales, foreclosure and 3% down FHA loans
Los Angeles, USA 11/01/2008 09:15 PM GMT (TransWorldNews)
"Existing home sales were up 5.5% - the highest since August 2007. Buyers are taking advantage of low interest rates, lower prices, short sales, foreclosures, 3% down FHA loans and the new loan limit up to $729,650 until the end of 2008 only. Starting January 1st, 2009 that limit will be reduced to $625,500," comments Fred Solomon of Solomon Financial.
"We have seen the market fluctuate and change more than any other time in history. It is a crazy market! However, this market can certainly present some incredible opportunities, which is why investors or first-time homebuyers should get pre-qualified first," recommends Solomon. Certainly, loan modification is one of those areas where we are seeing record numbers of calls to our offices. A loan modification is helping people with adjustabe rate mortgages or those in a declining market. To see if you are eligible, contact Fred solomon. One recent example is Solomon helped a client get a 3% loan and reduced their payment from $5,400 to about $2,400 (a reduction of $3,000/month).
"I have had the privilege of helping and training thousands of clients, to include, Realtors® in our field to better inform the public on correct loan programs, money matters, and real estate investing choices. I want to make sure that you are not taken advantage of when searching for solutions and answers with your own goals. Please give me or one of my team consultants a call to get a second verifiable opinion when it comes to your home, mortgage and real estate matters. I hate to see people make poor decisions or a decision that may force them to make a tough decision down the road," stresses Solomon.
Solomon Financial is helping clients make better educated decisions by attending one of my live intensive workshops and are accepting guest speakers and affiliates for cross promotion for our media and radio relationships that reach hundreds of thousands of people. If you have a top notch business or related service and want more information on networking, contact Solomon Financial.
Solomon Financial
Nationwide Assistance (888) 305-1408
info@sfmdirect.com
www.freemoneyhour.com
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