~~~REAL ESTATE NEWS ~~~~ THIS IS INDEED THE BEST TIME TO ACQUIRE REAL ESTATE PROPERTY!

REAL ESTATE NEWS

I've been providing
unmatched service since
1991.
I have helped hundreds of
people just like you to
accomplish their home
ownership goals.
Contact me today!
Carmen G. Gutierrez
D.R.E. Lic.# 01193488
Realtor
909-921-4206
Email: CG@CGHouses .com

909.921.4206

What is a FHA Streamline?

FHA streamlines have been allowed

since the early 1980's. w

ith a

minimum

amount of documentation

and

underwriting performed by the

lender.

The mortgage to be refinanced
must already be FHA insured.
The mortgage to be refinanced
should be current (not
delinquent).
The refinance is to result in a
lowering of the borrower's
monthly principal and interest
payments.
No cash may be taken out on
mortgages refinanced using the
streamline refinance process.

Some lenders offer no out-of-pocket

refinances

where

the lender pays any

closing costs that are incurred on the

transaction from the interest rate

premium. Streamline refinances can

also be done without appraisals, but

the new loan amount cannot exceed

the original loan amount. Investment

properties (in which the borrower does

not

reside in as his or her principal

residence) may only be refinanced

without an appraisal.

In general if you

have a mortgage loan with an interest

rate of 6 or 6.5% interest rate,

streamline refinancing may be

beneficial for you,

This article is for

informational

purposes. Consult your

lender for

further details

Information courtesy of M Power Mortgage, Inc.

New Loan Modification that might
reduce the principal and monthly
payments.

Freddie Mac is offering a new loan

modification called "Standard Loan

Modification"

that is designed for

homeowners that do not qualify for

the

Home Affordable

Modification

Program

known as "HAMP" or have

stopped

making payments on this

program.

For those who qualify for this

standard

loan modification, the

program will

reduce a

borrower's

mortgage

principle and monthly

payment by at

least 10 percent

each

For more information go to:

Standard

Loan Mofication

Selling your home?
You deserve the best, get
represented by a Realtor!

You bought your home
You took good care of
it
You put your heart

into it.

Now that you want to
sell
Keep the good job,
don't settle for less,

trust the sale of your
home only to a Realtor.

Register to sell

^This communication is provided to you for informational purposes only and should not be relied upon by you. New
Century Real Estate is not a mortgage lender. Please contact a professional loan officer from M Power Mortgage to learn
more about its mortgage products and your eligibility for such products.

.....................................................................................................................................................................................................

Senators call for swift
action to help
homeowners refinance

What You Should Know About
The Real Estate Market

California housing starts rise in
September

This is the best time to get a real estate
they're talking about.
Interest rates are incredibly low and homes
are affordable.
No one can guarantee that rates will stay
this low. So we should act now.

Homeowners are adviced to refinance to a
lower rate as soon as possible.

There's a great variety of programs
thousands of dollars.
If you have doubts, questions or here
to answer your questions and to guide
you to choose the best possible way to
take advantage of these opportunities.
                 Carmen G. Gutierrez
                  Realtor
                  (909)921-4206

BEST TIME TO
ACQUIRE REAL ESTATE
PROPERTY
Wheater it is to invest or to
live in it.
Through all my years in Real
Estate I have never seen so
many amazing opportunities
that can posibly lead us to
secure our future by investing
in Real Estate.