Down Payment Assistance Programs Need Your Help! ACT NOW!
Now it looks like we've got to hold our breath again! Having failed in the courts, Congress is working to eliminate the programs via legislation. They've attached a provision in the FHA reform bill that eliminates these crucial programs...and it looks like President Bush, who had threatened a veto, is now going to sign the bill (which is currently in the House). Hemet, San Jacinto, Riverside County and the entire Inland Empire have been hit hard by the economy, in particular the rise in foreclosures, drop in home equity and stricter mortgage guidelines. The silver lining has been that housing has become affordable for blue-collar and working-class people. Eliminating HART and Nehemiah will mean that buyers without large amounts of savings won't be able to become homeowners...and less home buyers means a longer turn-around in the real estate market and the economy in general.
Click HERE to do your part! I sent them all letters and it took only 10 minutes. Take 10 minutes to let your voice be heard. Here is the letter that I sent: Dear Mr. President, I am a mortgage loan originator and I'm concerned about the bill regarding FHA financing, in particular not allowing community down payment assistance programs. Here in the Hemet and San Jacinto Valley many blue collar and working-class people are finally able to afford homes. Not allowing programs like HART and Nehemiah would be devastating to them and to our community. Even when they do have the money for a 3% down payment, I still use those programs in order to make sure they have a safety net of financial reserves. It's an opportunity for me to assist them with wise financial planning. This bill will also reduce the amount of buyers on the market. By HUD's estimate, 40% of the FHA loans are done with these programs. The last thing our declining real estate market needs is a dearth of qualified buyers. That would mean a longer recovery of home prices and more economic depression. Please veto this bill, or do what you can to amend it before it reaches your desk. Our community needs your help. Thanks! Sincerely, Joey Aszterbaum .................................................................................................... Lokking to buy real estate?
Joey Aszterbaum is the Hemet Home Loan Guy and a member of the Active Rain social network of real estate professionals. To buy or refinance your home in Hemet, Riverside County, or California visit www.HemetHomeLoans.com or call 951.571.5751 Huge Beautiful Hemet Home at Great Low Price $179,900
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Joey Aszterbaum is the Hemet Home Loan Guy and a member of the Active Rain social network of real estate professionals. To buy or refinance your home in Hemet, Riverside County, or California visit www.HemetHomeLoans.com or call 951.571.5751 Perfect Starter House, Perfect Price! $89,900
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Joey Aszterbaum is the Hemet Home Loan Guy and a member of the Active Rain social network of real estate professionals. To buy or refinance your home in Hemet, Riverside County, or California visit www.HemetHomeLoans.com or call 951.571.5751 Beautiful Floor Plan in Whispering Palms, Gated Community for Seniors - $209,900
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Joey Aszterbaum is the Hemet Home Loan Guy and a member of the Active Rain social network of real estate professionals. To buy or refinance your home in Hemet, Riverside County, or California visit www.HemetHomeLoans.com or call 951.571.5751 Credit Repair for Challenged Buyers - Real Agent Help Breakfast
The Real Agent Help Monthly Breakfast is the premier real estate networking event in the Hemet region in Riverside County, California. Join us for a quality breakfast, an opportunity to share a need or a listing you have, great educational content and tools to grow your real estate business.
This months' generous sponsor is Patrion Mortgage. Credit Repair for Challenged Buyers Loan guidelines have tightened, and that means that it pays to have good credit. But what about your clients with credit problems? Special guest Melissa Maldonado will join us and share about a great new credit repair program. On average, this program removes 70% of negative credit in a 3-month period. That means...MORE QUALIFIED BUYERS! You're not going to want to miss this important and timely information! ...................................Seating is limited. To register now, click HERE.................................... What is Real Agent Help? The Real Agent Help program is designed to help you reach the next level in your real estate business through quality sales training, networking events, and one-on-one consulting. To learn more, click HERE. ................................................................................................................ Top Hemet Real Estate Articles:
Joey Aszterbaum is the Hemet Home Loan Guy and the loan officer that helps Realtors grow their business. RV Parking and More - Triplewide Manufactured Home in Hemet $235,000
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Joey Aszterbaum is the Hemet Home Loan Guy and a member of the Active Rain social network of real estate professionals. To buy or refinance your home in Hemet, Riverside County, or California visit www.HemetHomeLoans.com or call 951.571.5751 Cute Little Bank Owned Home in Hemet Cul-de-Sac $121,900
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Joey Aszterbaum is the Hemet Home Loan Guy and a member of the Active Rain social network of real estate professionals. To buy or refinance your home in Hemet, Riverside County, or California visit www.HemetHomeLoans.com or call 951.571.5751 Bank Owned Home, Move-In Ready, Low Price/Sq ft $159,900
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Joey Aszterbaum is the Hemet Home Loan Guy and a member of the Active Rain social network of real estate professionals. To buy or refinance your home in Hemet, Riverside County, or California visit www.HemetHomeLoans.com or call 951.571.5751 Mortgage Pro Week in Review -- 06/09/08 through 06/15/08I was honored when Jeff Belonger asked the Hemet Home Loan Guy to write this week's Mortgage Pro Week in Review. I had no idea how much I would learn by doing it! Jeff gave me the instructions (with special help from Mike Mueller) on how to cruise the week's mortgage posts and excavate some gems. Here are the highlights... * Just about every other post was about rates going up, but NOBODY can say "America's mortgage rates are behaving exactly as I expected they would" with quite the same swagger as Brian Brady. To emphasize that message three days later, in case we missed it, he urged buyers to lock and get everything in on time. * Robert Rauf says that 2008 is the year to buy a Home, and after he breaks it down for buyers, you may find it hard to disagree. Then he shared how real estate agents can Keep Your Deals Alive by working closely with a real mortgage pro. * Melissa Breeland also pondered Strategic Partnerships between real estate agents and the mortgage consultants. * Karen Cooper walked us down Memory Lane to the corner of Finance Avenue and Gender Street in Metamorphosis With An Ever Changing Housing Market. * Randy Prothero posed a question to his fellow REALTORS that is every bit as important to loan originators: Are You Cutting Back or Increasing Your Service? * Janet Guilbault gave us some good advice...and gave herself a new nickname: The Fish Whisperer * Ed Nailor called us on the carpet in his post, You call THAT a Referral? He also took aim at Zillow and the Joke that it Is! * Not to be outdone, Mike Mueller gave us the #1 Reason I'll QUIT Zillow Mortgage. There were a number of great posts for consumers this week... * Jeff Belonger told everyone not to believe the hype about Mortgage Accelerator programs. He also stressed the importance of getting a Good Faith Estimate. * Thinking about selling your car or jacuzzi for down payment money? Better read what Melissa Cochran has to say about Sale of Personal Property first. * Teri Ellis shined her light on Buying and Bailing, a popular new way to commit mortgage fraud. And finally... *Active Rain Renaissance man Jason Sardi is all business when it's time to explain the in-and-outs of Rehab Loans...but he's not afraid to get personal for a Fathers Day tribute. Great Job, Mortgage Pros! .................................................................................................................................. The next 2 members for the Mortgage Pro Week in Review : 1. Alan 'AJ' Nisen 06/16/2008 through 06/22/2008 Mortgage blogs by loan officers Here is a list of Loan Officers. If you are not listed, please email Jeff Belonger to be added. This way the person doing the Mortgage Pro week in review can try and find most mortgage related posts in one section. ActiveRain is growing rapidly and it is difficult to keep up.... If you think you have been ignored, you have not. This is open to all!!! All About Mortgages/Mortgage Networking Here is a group that many loan officers post their mortgage related blogs in. A good place to learn more about the type of programs, new industry news, and sometimes some inside tips. Don't hesitate to join. We really could use some new volunteers for the Mortgage Pro Week in Review. Even if you are a realtor, a title person, or someone else that is related to the mortgage/real estate industry..... please read below. MORTGAGE PRO Week in Review A repository for the Mortgage Week in Review. Please don't hesitate in joining this group. And any volunteers for the mortgage week in review, please e-mail Jeff Belonger at jbelonger@ihmci.com There will be no recreations of any type regarding the titles or content of this group or Review without the permission and expressed written consent of the Group's founder Mortgage Pro Week In Review - Copyright 2008© ............................................................................................... Top Hemet Real Estate Articles:
Joey Aszterbaum is the Hemet Home Loan Guy and a member of the Active Rain social network of real estate professionals. To buy or refinance your home in Hemet, Riverside County, or California visit www.HemetHomeLoans.com or call 951.571.5751
Wonderful Senior Home in Hemet, Del Sol 55+ Community $139,900
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Joey Aszterbaum is the Hemet Home Loan Guy and a member of the Active Rain social network of real estate professionals. To buy or refinance your home in Hemet, Riverside County, or California visit www.HemetHomeLoans.com or call 951.571.5751 |
Hemet Home Loan Guy, Joey Aszterbaum Hemet, CA More about me… Patrion Mortgage Office Phone: (951) 571-5751 Email Me
Hemet Mortgage and Real Estate Blog: buy or refinance, credit, things to do in Hemet, Realtor sales training and misc stuff from the Hemet Home Loan Guy a member of the Active Rain social network since 11/06.
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Buyers in Hemet and the surrounding areas breathed a sigh of relief in March when courts rejected HUD's challenge to the legality of community down payment assistance programs like 
Act NOW to contact the President, California Senators Boxer and Feinstein, and Representative Mary Bono to let them know you 
Real Agent Help Monthly Breakfast - Credit Repair for Challenged Buyers
Seating is limited, cost $10 (donation goes to local charity) 
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