CA Bay Area Free Real Estate Investing Workshops

Just Read 7 Habits of Highly Effective People

Jason Wheeler (REI Capital Solutions Group) — Tue, 08 Dec 2009 22:42:17 -0600

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7 Habits Of Highly Effective People by Stephen Covey is a MUST READ for anyone that would like to really study in detail the small daily habits that almost all successful business people and Entrepreneurs utilize on a daily basis. It is very easy to spell out a list of habits, however Stephen Covey really dives into all seven habits and opens some great insights and ideas on exactly what each habit entails and how to get started. This is the type of book that you don't want to just skim through but you really should study each chapter. I found myself reading some chapters twice before moving on.

How this book impacted my life is in my daily life I would catch myself in cycles and habits that were not serving using Stephen Coveys concepts. I found that when I caught myself in a habit that does not serve me it would be much easier to break the cycle and move to a habit that would ultimately move me forward in my personal life or business. Very briefly the seven habits are.

Be Proactive
Begin With the End In Mind
Put First Things First
Think Win/Win
Seek First to Understand, Then to Be Understood
Synergize
Sharpen the Saw

If you are looking for a way to create the habits that will lead you to success not just in business but in your daily personal life this book is a must read for anyone seeking to grow. You can check out the rest of my work in progress reading list here!

Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Area Event |

Why Should Everyone Own a Home Based Business | Creating Multiple Income Streams

Jason Wheeler (REI Capital Solutions Group) — Fri, 04 Dec 2009 14:28:03 -0600

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Whether or not you have a great job there are tons of reasons everyone should own and build a business. Do you really want to spend 40 years working to make your CEO rich and at the age of 65 be tossed to the retirement world. It truly is sad that only 1% of today's 65 year olds retire wealthy. Whether or not you build that business from home in your spare time or go full time right away the benefits of time freedom is really what everybody wants. I speak to tons of people who claim they just don't have time because of their family or work schedule. I often wonder what that must feel like? Donald Trump has the same 24 hours in a day as you and I do, the main difference is the mind set and activities that set great business people like Donald Trump and Warren Buffet apart from the masses that spend so much of their time making other people rich. The fact is that if you desire more time freedom and options to really spend your life doing the things you love, you will need to achieve financial freedom. Money is absolutely not everything however it sure does give you options. Below are four of the main things to look for in a business that will help you achieve your time freedom.

A Need - Most important there must be a real need for your products or services. There are tons of "get rich quick schemes" on the internet and late night television that sound too good to be true and promise millions with little or no effort. Let me tell you if you put forth no effort you will not receive much of a reward. When you look at business idea you must first ask "Who will benefit from what I am selling?" If it is not something you yourself would buy and use then it is probably a bad idea to try and sell it to others.
Leverage - If you look at the Forbes 500 richest individuals they are ALL business owners of some kind. One of the main things that a successful business will have besides a real need for it's product or services is leverage. As a worker or an employee you are being leveraged. What if you could decide to go on vacation and when you came home you still had the same check in your account as if you continued working? The power of a leveraged business is truly the route to financial freedom. In business the two main forms of leverage are people and time. Ask yourself who is leveraging you?
Duplication - Just about every example of a million dollar company out there uses duplication. Look at McDonalds. Do you go to a McDonalds because they have the best cheeseburgers in the world? NO WAY most people go there because they know that no matter what McDonalds you go into in the entire world you will get for the most part exactly what you were expecting. McDonalds and thousands of other successful companies found a need for a product and developed a system to duplicate it almost exactly almost all the time. People spend hundreds of thousands of dollars in order to leverage the McDonalds system through franchising. If you could leverage someone else's great idea and duplicate it over and over again how much money could you make?
Residual Passive Income - a very important part of a achieving financial freedom is receiving residual passive income. This is when you do something once and it pays you over and over and over for the rest of your life. They do it in the Insurance Industry, the Direct Sales industry and Real Estate. Barrack Obama wrote his memoir "The Audacity Of Hope" and he will get paid every time that book sells a copy for the rest of his life. It might not be much but what if you sell a lot of books? Just imagine if you did something everyday that increased your monthly income by $10 a day on a residual basis. At the end of one year you would be making $3,650 per month. What if you continued to do that same duplicated idea for 10 years? You would be making $36,500 every single month! Would a passive residual income like that allow you to quit working for somebody else?

Those are the four main reasons that everyone should build a business. As a business leader and successful real estate investor in the California Bay Area Jason Wheeler can show you several methods to start doing exactly what is described above. When Jason started out he was working part time serving tables and bartending at a local restaurant however since 2003 Jason has learned many of the methods millionaires use in order to create the success deserved by everyone. The most rewarding part is passing the knowledge on and helping those who are willing to listen and take action create massive success in business. If you would like to learn more you can do a Google search on Jason Wheeler and connect with him today.

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Until Next time Here is to your success! Jason Wheeler 925-285-2172

Weekly Wrap Up 12/4/2009 | Contra Costa Bay Area Mortgage Loan Programs

Jason Wheeler (REI Capital Solutions Group) — Fri, 04 Dec 2009 14:26:39 -0600

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"The Weekly Wrap Up"

Presented by Jason Wheeler

I hope everyone had a super long Thanksgiving weekend and a productive week back! Many believe that December is not the time to do business because everyone is thinking about the holiday. However December has often been one of my best months historically. Work hard and plant those seeds to start strong in 2010!

A few things I would like to share this week is number one My Reading List that I am building. If you have any good books that have changed how you do business please comment on my page and I will add them to my list.

Articles This Week:

4 Big Reasons EVERYONE should Own a Business

Check out the newest and hottest loan programs and let me know if you would like to see if you fit into any of them. We were locking rates in this week at around 4.75% on a 30 Year Fixed with no points this week!

Hot Mortgage Programs at a Snapshot

95% Conventional Loans are Back in California!
Contra Costa Mortgage Credit Certificates. Get up to 20% tax credits on interest paid on your mortgage throughout the year!
100% Financing with VA Loans!
Government Programs up to 97% Financing. with $8,000 in Tax Credits for First time buyers and starting in 2010 $6,500 for 2nd home and investment properties.
FHA HUD Financing Incentive. $100 down payment gets you in a home!
Fannie Mae Freddie Mac Refinance Plus! HARP Refinance your home up to 125% of the value.
Concord CA Affordable Housing and First Time Home Buyer down payment assistance up to $40,000!
No Appraisal Required on Home Path Loans. Fannie Mae REO properties

Here we are wrapping up Friday 12/4/2009 rates have been almost the lowest we have seen as we have been locking loans as low as 4.5% with No Points this week. The last three days we have seen a spike upward trending into next week though. You can look at weekly rate trends Here.

Three Real Estate Investor Events This Week!

Investor Forum in Bay Area CA RSVP Here!

Join us and learn from a ton of Real Estate Entrepreneurs and Investors that are helping people like you create massive wealth in Real Estate TODAY!!. This will be a packed event where you will learn nuts and bolts Real Estate Investment knowledge to take advantage of what is happening in the market RIGHT NOW

Connect with Jason Online!

Until Next time Here is to your success! Jason Wheeler 925-285-2172

I'm Starting a Reading List | What Books Changed Your Life and Career?

Jason Wheeler (REI Capital Solutions Group) — Wed, 02 Dec 2009 17:56:39 -0600

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A good friend of mine told me that "Readers are Succeeders" It is very important that you feed your brain positive energy every single day! One way that I do that is to spend AT LEAST a half hour a day reading material on self development and success EVERYDAY. You would be surprised how the daily communications from the mainstream media and blockbuster movies feed your subconscious horrible negative messages every day. Now it may not be realistic to ask you to stop watching TV or Movies altogether, heck I love a good movie and I think Conan O'brien is a riot. However you have to balance things off with some truly positive "Brain food" I highly recommend spending a bit of time everyday with a good positive book on self development. If you develop this habit you will be surprised at the changes that happen to your subconscious and what you will begin to attract!

I've decided to start a reading list and offer my brief reviews. I hope every now and again you will find a good recommendation. Please feel free to leave a comment on this page on books that have impacted your life and helped you. Feel free to leave a link to your website too.

I will be adding to this list and this page on a consistent basis so don't worry that there are only two books so far. Subscribe to this page and get updates when I post them.

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Until Next time Here is to your success! Jason Wheeler 925-285-2172

Weekly Wrap-Up | Bay Area Mortgage Trends and News | New Loan Programs

Jason Wheeler (REI Capital Solutions Group) — Fri, 20 Nov 2009 18:48:11 -0600

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"The Weekly Wrap Up"

Presented by Jason Wheeler

Okay so you have been getting these from me for a while now and I REALLY appreciate your continued support and reading! If you have been finding value in the nuggets I send each week I would truly appreciate if you would forward the info to any colleagues or clients that may find it useful!

Hot Mortgage Programs at a Snapshot

95% Conventional Loans are Back in California!
Contra Costa Mortgage Credit Certificates. Get up to 20% tax credits on interest paid on your mortgage throughout the year!
100% Financing with VA Loans!
Government Programs up to 97% Financing. with $8,000 in Tax Credits for First time buyers and starting in 2010 $6,500 for 2nd home and investment properties.
FHA HUD Financing Incentive. $100 down payment gets you in a home!
Fannie Mae Freddie Mac Refinance Plus! HARP Refinance your home up to 125% of the value.
Concord CA Affordable Housing and First Time Home Buyer down payment assistance up to $40,000!
No Appraisal Required on Home Path Loans. Fannie Mae REO properties

Here we are wrapping up Friday 11/20/2009 rates have dipped a bit lower and have been relatively flat for the past few days with the trend pointing even lower for during next week. You can look at weekly rate trends Here.

Two Real Estate Investor Events This Week!

Investor Forum in Bay Area CA RSVP Here!

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Until Next time Here is to your success! Jason Wheeler 925-285-2172

95% Financing is Back in the California Bay Area | Conventional Financing 95%

Jason Wheeler (REI Capital Solutions Group) — Fri, 20 Nov 2009 18:23:21 -0600

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95% LTV is back on Agency Conventional Loans
Borrowers may now get 95% LTV if they meet the following criteria:

95% Purchase and Rate/Term refinances
Specific Affordable Products only (see below)
Borrower does not have to be a First Time Homebuyer to qualify. However , First Time Home Buyer’s must complete training course.
680 Minimum Score Requirement
1 unit property only (SFR and PUDs. Condos maxed at 90% LTV)
2 months. reserves required regardless of AUS findings
3% down payment and reserves must be borrower’s own
Borrowers can only own 1 property (No 2nd homes or rentals)
Full appraisal required regardless of AUS findings
3% Seller Concessions maximum allowed
Counseling only required for First Time Home Buyers
Income limitation waived on MyCommunity program if property is located in a Fannie Neighborhood
Mortgage insurance must be ordered through Genworth (GE)
These Genworth overlays apply to Flagstar product guides
Now available in CA, FL, NV, and AZ
Standard Conforming Fixed is not eligible. Must fit into one of the below programs

Available Programs:
• Freddie's Home Possible Doc #5335 (Fixed Rate only)
• FNMA MyCommunity Doc #5325 (Fixed Rate, 5 yr ARM and 7 yr ARM

Additional benefits (see product descriptions for full details):
• Reduced MI coverage available (16% MI coverage). This is a great selling tool against FHA! MI is reduced and unlike FHA, the MI may be removed after 2 years if home has appreciated in value. Borrowers completing GE’s Counseling Saver Program may receive additional rate discount

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Until Next time Here is to your success! Jason Wheeler 925-285-2172

Bay Area 3 Day Investor Seminar | Concord CA Real Estate Event

Jason Wheeler (REI Capital Solutions Group) — Tue, 17 Nov 2009 18:59:20 -0600

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I wanted to let you know the details of our 3 day Wealth Summit in Concord CA this week. If you can't make it but you would like to learn more about how you can get involved, I'd be happy to speak with you one to one sometime.

Are you ready to learn the nuts and bolts of making money today in Real Estate Investing?

We are very luck you have our trainer Jen Matlock who continues to rehab single-family homes and has expanded into acquiring bulk REO properties. She owns two property management companies as well as owning and managing over 40 properties in Florida, Texas, and the Midwest. Now, with ten years of successful real estate investing under her belt, Jen has been featured in several real estate publications. Additionally, she has taught thousands of students how to invest in real estate, motivating them to succeed and to achieve their own financial freedom.

At this exclusive 3 day event in Concord CA You will learn...

How to capitalize on the 4 great money making opportunities in Real Estate today
Foreclosure process, opportunity and when to strike
4 secrets of the pros to help you find Short Sale opportunities in your own backyary

How to research, locate and work auctions to buy homes at 50 cents on the dollar
How to build relationships with Banks so they call you first

3 things you must know before you buy
How to get your phone ringing with motivated sellers who want to do business with you
How to make money in days, not years

Transaction details
Constructing and presenting offers
13 sure fire ways to find people with money to fund your deals

I look forward to networking with you more in the future!

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Until Next time Here is to your success! Jason Wheeler 925-285-2172

Weekly Wrap-Up | 11/13/2009 | Bay Area Mortgage News | Real Estate Workshop Forums

Jason Wheeler (REI Capital Solutions Group) — Fri, 13 Nov 2009 23:39:51 -0600

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"The Weekly Wrap Up"

Presented by Jason Wheeler

Check out the Hot new programs below and up coming Real Estate Investor meetings. Big news this week is that Fannie Mae is positioning itself to become the biggest landlord in the USA! Is this good or just another government takeover? Read about the Fannie Mae Leaseback Program here!

Also check out this article I wrote about Why Everyone should Take Action NOW and get involved with Real Estate. Please check it out and comment as necessary. If you find any value in the information I'm bringing you you can add me on Twitter or Facebook to stay in touch. See the links at the bottom of this message.

Hot Mortgage Programs at a Snapshot

Contra Costa Mortgage Credit Certificates. Get up to 20% tax credits on interest paid on your mortgage throughout the year!
100% Financing with VA Loans!
Government Programs up to 97% Financing. with $8,000 in Tax Credits for First time buyers and starting in 2010 $6,500 for 2nd home and investment properties.
FHA HUD Financing Incentive. $100 down payment gets you in a home!
Fannie Mae Freddie Mac Refinance Plus! HARP Refinance your home up to 125% of the value.
Concord CA Affordable Housing and First Time Home Buyer down payment assistance up to $40,000!
No Appraisal Required on Home Path Loans. Fannie Mae REO properties

Here we are wrapping up Friday 11/13/2009 rates have be relatively flat for the past few weeks with the trend pointing flat for next week. You can look at weekly rate trends Here.

Real Estate Investor Events!

Investor Forum in Bay Area CA RSVP Here!

REAL ESTATE INVESTOR FORUMS SHOWING HOW MANY IN THE BAY AREA ARE MAKING A SIGNIFICANT INCOME IN REAL ESTATE INVESTMENTS AND BUSINESS! AT THIS EVENT YOU WILL MEET MANY SUCCESSFUL INVESTORS AND SEE ACTUAL REAL ESTATE DEALS THAT YEILD A LEGITIMATE FIVE FIGURE PROFIT. CALL NOW 925-285-2172

This is your opportunity to learn from pros that are making local deals. If you would like to get started and work with a team of professional real estate investors you absolutely deserve to receive the information that we will be sharing this evening!

Fremont Wednesday the 18th 7pm Register
San Jose Saturday 11/14/09 10:00am to 12:30pm Register
Brentwood Saturday 11/14/09 10am Register
Sacramento CA Wednesday 11/18/09 7:00 to 9:30pm Register

*This will be a powerful overview of our Real Estate Investment strategies and we will be showing you actual deals that are happening in the Bay Area. We are exploding and looking for sharp people that deserve a better life. Come and learn how to create massive success with Real Estate Investing! Business attire is strongly suggested. Arrive early to network 6:30-7 with entrepreneurs and investors of the community.

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Until Next time Here is to your success! Jason Wheeler 925-285-2172

Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Area Event |

Fannie Mae Set to Be the Biggest Landlord in the Nation | Another Government Takeover?

Jason Wheeler (REI Capital Solutions Group) — Tue, 10 Nov 2009 19:13:38 -0600

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Fannie Mae and Freddie Mac are asking the Federal Government for another $15 Billion dollars in bailout money because of defaults and foreclosures! To add to the Federal control Fannie Mae is rolling out a new program to lease back foreclosed homes and let tenants rent. Fannie Mae is to become the Biggest Federal Landlord in the Country! Watch this Video for More Details! The program is band new and was just announced last Thursday. Fannie Mae will become a land lord on a national scale! They will be leasing back the properties to clients for one year with a month to month lease option thereafter.

How do you feel about this program? Your comments are welcome.

Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Area Event |

$100 Down Payment on HUD Owned Homes | FHA and HUD Buyers Incentive

Jason Wheeler (REI Capital Solutions Group) — Fri, 06 Nov 2009 12:29:10 -0600

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What?!? Did you just say that just $100 down payment can get you into a home. What kind of program is the FHA and HUD sales Incentive Program anyway? Because of the foreclosure wave and FHA continuing to struggle and the possibility of more government stimulus being pumped into the FHA they must get those darn bank owned homes off their boos so they can do what they are meant to. LEND and make homes affordable!!

So what are the incentives and advantages of the the FHA and HUD Sales Incentive?

110% Loan to Value is allowed in most counties
$100 down payment when you use FHA financing
$5000 sales credit allowed from FHA for repairs at closing using FHA
3% HUD allowed for closing cost assistance.

So with all these awesome benefits how the heck to I qualify. Well only HUD owned homes can use this program. You can find a HUD Owned Home Here and only owners who intend to occupy the home are eligible. If you would like to see if you or a friend qualify all you have to do is call us and we can get you qualified in 10 minutes.

Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Area Event |

Freddie Mac HARP Loans to 125% LTV | Contra Costa Mortgage Loans

Jason Wheeler (REI Capital Solutions Group) — Wed, 04 Nov 2009 18:06:14 -0600

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The Fannie Mae DU Refinance Plus loan or HARP (Home Affordable Refinance Program) has become quite popular in the CA Bay Area for homeowners that are struggling to make their current mortgage payments. Some of the benifits of the HARP loan are as follows.

There are no minimum credit requirements.
You can refinance a current first mortgage up to 125% of the homes current Appraised value.
You can subordinate a 2nd mortgage to an unlimited CLTV
Mortgage Insurance is NOT required for this loan.

If you or someone you know would like to find out about qualifications don't hesitate to get in touch with us today. We are happy to answer any questions and adress concerns to find the right loan program for you!

Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Area Event |

Never Quit Persist Until Your Last Breath | Bay Area Foreclosure Investment Forums

Jason Wheeler (REI Capital Solutions Group) — Fri, 23 Oct 2009 20:16:12 -0500

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This is a great video to spend a minute on especially if you are feeling frustrated or discouraged with whatever you are working on. So many ask me how I got where I am and tell me I'm lucky to have found success. Anyone that has ever seen any success knows that it is not luck but consistent practice and persistance over time. You must fail! Somtimes countless times before you ever really start seeing rewards. The key is staying in the game long enough to start seeing those rewards. Don't quit three feet away from gold

If you've never failed then you will never ever see success!

Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Area Event |

Weekly Wrap-Up 10/23/2009 | The End Of HVCC Appraisal Rules?

Jason Wheeler (REI Capital Solutions Group) — Fri, 23 Oct 2009 19:57:07 -0500

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"The Weekly Wrap Up"

Presented by Jason Wheeler

My goal is to keep you informed and updated on what's new in the financing world. You can get in touch with me for any financing questions between 9am and 7pm Monday through Saturday on most weeks at 925-285-2172. My commitment is service to business partners and clients! Thank you for continuing to read.

CAN THIS BE THE BEGINING OF THE END FOR THE HVCC?

It looks like the Appraisal restrictions that have been allowing the banks to essentially control the investor and the market place are in the process of being repealed. The sooner the better!

NEW PROGRAM!

Freddie Mac Opens Access to other Services for the Relief Refinance 125% LTV Loan

Hot Programs!

FHA 203K Rehab Loan. Perfect for today's REO fix up environment. Get up to $30,000 upon closing for repairs and upgrades on your new home purchase.
Contra Costa Mortgage Credit Certificates. Get up to 20% tax credits on interest paid on your mortgage throughout the year!
100% Financing with VA Loans!
Government Programs up to 97% Financing. with $8,000 in Tax Credits for First time buyers expiring at the end of 2009..
Fannie Mae Refinance Plus! Refinance your home up to 125% of the value.
Concord CA Affordable Housing and First Time Home Buyer down payment assistance up to $40,000

Below is a bit of news on the weeks pricing trends and mortgage rates!

Conventional or FHA 30 Year Fixed No Points 5.125%
Conventional or FHA 30 Year Fixed One Point 4.875%
Conventional 5 Year ARM 4.5%

Here we are wrapping up Friday 10/23/2009 rates have be relatively flat for the past few weeks with the trend pointing a bit higher for going into next week. If you had the chance to lock in mid week you were best off.. You can look at weekly rate trends Here.

Real Estate Investor EVENT!

Investor Forum in Fremont CA RSVP Here!

Join us with Hermie Bacus and Jeff Thompson learn from a ton of Real Estate Entrepreneurs and Investors that are helping people like you create massive wealth in Real Estate TODAY!!. This will be a packed evening event where you will learn nuts and bolts Real Estate Investment knowledge to take advantage of what is happening in the market RIGHT NOW!

Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Are Event |

Why Real Estate You Ask?? It's all on Sale | Bay Area Real Estate Investors

Jason Wheeler (REI Capital Solutions Group) — Mon, 19 Oct 2009 20:30:34 -0500

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Everyday I speak to a ton of different people and I am always so amazed as to how many people are just so negative about the real estate market. I tell people now is a great time to invest in real estate and even create an income from real estate. I started doing some research to actually show everyone WHY REAL ESTATE and came up with some great information.

First of all Real Estate is definitely on sale. According to the chart below Real Estate has statistically NEVER been cheaper. If you bought 20 homes 20 years ago you'd probably be well off. Well what will you say 20 years from today.

If you would like to learn how you can get started, regardless of if you have a lot of money or no money all you really need is the desire to succeed and be successful.

Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Are Event |

Weekly Wrap-Up 10/09/2009 | Contra Costa Mortgage Lending up to 125% LTV

Jason Wheeler (REI Capital Solutions Group) — Fri, 09 Oct 2009 12:59:36 -0500

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"The Weekly Wrap Up"

Presented by Jason Wheeler

NEW PROGRAM!

FreddieMac Opens Access to other Servicers for the Relief Refinance 125% LTV Loan

Beginning October 1, 2009, Flagstar Bank implemented the FreddieMac Open Access program. Now you can take a loan that was sold to FreddieMac and is currently serviced by another lender, and refinance it with our banking partners. This is a major change and we are one of the very few major lenders to offer this program. We are also one of the few lenders that also offer the Fannie Mae DU Refi Plus up to 125% LTV.

Hot Programs!

FHA 203K Rehab Loan. Perfect for today's REO fix up environment. Get up to $30,000 upon closing for repairs and upgrades on your new home purchase.
Contra Costa Mortgage Credit Certificates. Get up to 20% tax credits on interest paid on your mortgage throughout the year!
100% Financing with VA Loans!
Government Programs up to 97% Financing. with $8,000 in Tax Credits for First time buyers expiring at the end of 2009..
Fannie Mae Refinance Plus! Refinance your home up to 125% of the value.
Concord CA Affordable Housing and First Time Home Buyer down payment assistance up to $40,000

Below is a bit of news on the weeks pricing trends and mortgage rates!

Conventional or FHA 30 Year Fixed No Points 5.125%
Conventional or FHA 30 Year Fixed One Point 5.00%
Conventional 5 Year ARM 4.5%

Here we are wrapping up Friday 10/09/2009 rates have seen a recent major spike in mortgage backed securities the past few days. If you had to lock at all this week you were likely worse off than the week before. You can look at weekly rate trends Here.

ANNOUNCEMENT!

Investor Forum in Concord CA 9/10/09! RSVP Here!

Join us with Bob Snyder and learn from a ton of Real Estate Entrepreneurs and Investors. This will be a packed evening event where you will learn nuts and bolts Real Estate Investment knowledge to take advantage of what is happening in the market RIGHT NOW!

Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Are Event |

Weekly Wrap-Up | 9/25/09 | Bay Area Mortgage Broker | Real Estate Home Loans

Jason Wheeler (REI Capital Solutions Group) — Fri, 25 Sep 2009 14:57:02 -0500

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"The Weekly Wrap Up"

Presented by Jason Wheeler

I hope you have been finding these emails for a few nuggets of information useful. My goal is to keep you informed and updated on what's new in the financing world. You can get in touch with me for any financing questions between 9am and 7pm Monday through Saturday on most weeks at 925-285-2172. My commitment is service to business partners and clients!

Great news from CA legislation for once. A bill was just passed to have banks make decisions on Short Sale offers within 21 days. This doesn't take effect until 1/1/2010 though! You can read more about it here!

Hot Programs!

FHA 203K Rehab Loan. Perfect for today's REO fix up environment. Get up to $30,000 upon closing for repairs and upgrades on your new home purchase.
Contra Costa Mortgage Credit Certificates. Get up to 20% tax credits on interest paid on your mortgage throughout the year!
100% Financing with VA Loans!
Government Programs up to 97% Financing. with $8,000 in Tax Credits for First time buyers expiring at the end of 2009..
Fannie Mae Refinance Plus! Refinance your home up to 105% of the value.
Concord CA Affordable Housing and First Time Home Buyer down payment assistance up to $40,000

Below is a bit of news on the weeks pricing trends and mortgage rates!

Conventional or FHA 30 Year Fixed No Points 4.875%
Conventional or FHA 30 Year Fixed One Point 4.625%
Conventional 5 Year ARM 4.125%

Here we are wrapping up Friday 9/25/2009 rates have been flat compared to the last two weeks at this time. We have not seen pricing this good since May. If you had to lock at all this week you were likely pretty close to the week before or better by an eighth or so. You can look at weekly rate trends Here.

EVENT!

Investor Forum in Fremont CA RSVP Here

Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Are Event |

Bay Area Mortgage Wrap Up 9/4/09 | Real Estate Investor Forum/Seminar in Concord CA 9/10/09

Jason Wheeler (REI Capital Solutions Group) — Fri, 04 Sep 2009 12:09:41 -0500

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"The Weekly Wrap Up"

Presented by Jason Wheeler

As we all hurry out of town for the long weekend I wanted to drop a quick note to update you on what happening in the ever changing world of Real Estate Finance this week. My goal is to keep you informed and updated on what's new in the financing world. You can get in touch with me for any financing questions between 9am and 7pm Monday through Saturday on most weeks at 925-285-2172. My commitment is service to business partners and clients!

Hot Programs!

FHA 203K Rehab Loan. Perfect for today's REO fix up environment. Get up to $30,000 upon closing for repairs and upgrades on your new home purchase.
Contra Costa Mortgage Credit Certificates. Get up to 20% tax credits on interest paid on your mortgage throughout the year!
100% Financing with VA Loans!
Government Programs up to 97% Financing. with $8,000 in Tax Credits for First time buyers expiring at the end of 2009..
Fannie Mae Refinance Plus! Refinance your home up to 105% of the value.
Concord CA Affordable Housing and First Time Home Buyer down payment assistance up to $40,000

Below is a bit of news on the weeks pricing trends and mortgage rates!

Conventional or FHA 30 Year Fixed No Points 5.125%
Conventional or FHA 30 Year Fixed One Point 4.75%
Conventional 5 Year ARM 4.25%

Here we are wrapping up Friday 9/4/2009 rates have bee consistently lower for the past two weeks. We have not seen pricing this good since May. If you had to lock at all this week you were likely better off than the week before. You can look at weekly rate trends Here.

ANNOUNCEMENT!

Investor Forum in Concord CA 9/10/09! RSVP Here!

Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Are Event |

8/28/09 Weekly Mortgage Wrapup | Contra Costa County Special Financing | Real Estate Investor Meetings

Jason Wheeler (REI Capital Solutions Group) — Fri, 28 Aug 2009 15:58:39 -0500

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"The Weekly Wrap Up"

Presented by Jason Wheeler 8/21/09

Just a quick note to update you on what happening in the ever changing world of Real Estate Finance this week. My goal is to keep you informed and updated on what's new in the financing world. You can get in touch with me for any financing questions between 9am and 7pm Monday through Saturday on most weeks at 925-285-2172. My commitment is service to business partners and clients!

Hot Programs!

FHA 203K Rehab Loan. Perfect for today's REO fix up environment. Get up to $30,000 upon closing for repairs and upgrades on your new home purchase.
Contra Costa Mortgage Credit Certificates. Get up to 20% tax credits on interest paid on your mortgage throughout the year!
100% Financing with VA Loans!
Government Programs up to 97% Financing. with $8,000 in Tax Credits for First time buyers expiring at the end of 2009..
Fannie Mae Refinance Plus! Refinance your home up to 105% of the value.
Concord CA Affordable Housing and First Time Home Buyer down payment assistance up to $40,000

Below is a bit of news on the weeks pricing trends and mortgage rates!

Conventional or FHA 30 Year Fixed No Points 5.25%
Conventional or FHA 30 Year Fixed One Point 5.00%
Conventional 5 Year Interest Only ARM 4.375%

Here we are wrapping up Friday 8/28/2009 rates dipped well below last weeks pricing on Monday and has been relatively flat all week.. If you had to lock at all this week you were likely better off than the week before. You can look at weekly rate trends Here.

ANNOUNCEMENT!

As part of my commitment to serve Real Estate Agents, Borrowers and Investors, I have been experimenting with a Mortgage Mastermind Call twice a week! We have had tremendous feed back and we will be conducting these calls twice a week. You or your clients can call in and ask all their questions and get real answers for FREE! Or if you can simply listen in and decide if I am the type of person you would like to work with

REAL ESTATE INVESTOR FORUMS SHOWING HOW MANY IN THE BAY AREA ARE MAKING A SIGNIFICANT INCOME IN REAL ESTATE INVESTMENTS AND BUSINESS! AT THIS EVENT YOU WILL MEET MANY SUCCESSFUL INVESTORS AND LEARN HOW TO GET INVOLVED. CALL NOW 925-285-2172

This is your opportunity to learn from- Lance bought his first investment property at age 22. That was 15 years ago; and at that time, he never imagined he would one day be a professional real estate investor and educator will be sharing his experience and solutions for making money in this market. If you would like to get started and work with a team of professional real estate investors you absolutely deserve to receive the information that we will be sharing this evening!

WED NIGHT BAY AREA

Hilton Fremont/Newark
39900 Balentine Dr.
Fremont-Newark, CA 94560- CLICK HERE TO RSVP

THURS NIGHT SACRAMENTO

Holiday Inn Sacramento Northeast
5321 Date Ave (Madison and I-80)
Sacramento-Roseville, CA 95841 - CLICK HERE TO RSVP

*This will be a powerful overview of a company. We are exploding and looking for sharp people that deserve a better life. Come and learn how to create massive success with Real Estate Investing! Business attire is strongly suggested. Arrive early to network 6:30-7 with entrepreneurs and investors of the community

Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Are Event |

First Time Home Buyers Concord CA | Down Payment Assistance | Bay Area Mortgage

Jason Wheeler (REI Capital Solutions Group) — Tue, 25 Aug 2009 13:34:24 -0500

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First Time Homebuyer Program

What is the First Time Homebuyer Program?

It is a second mortgage loan program to assist qualified low-income individuals with the purchase of their first home.

What are the maximum income limits and FTHB loan amounts?

Income eligibility is based on Household size. The maximum loan amount is determined by the income bracket of the household. Households earning at or below 100% of Area Median Income are eligible for up to a $40,000 loan. (Refer to household size at all income levels)

How much money can I borrow?

The maximum loan amount is 20% of the home sales price, or appraised value, whichever is lower, up to the maximum of $40,000 based on household income and household size.

Household Size 60% of Median* 80% of Median* 100% of Median*

1	$37,500	$46,350	$62,500
2	$42,840	$53,000	$71,450
3	$48,240	$59,600	$80,350
4	$53,580	$66,250	$89,300
5	$57,840	$71,550	$96,450
6	$62,160	$76,850	$103,600
7	$66,420	$82,150	$110,750
Maximum Loan Amount	$40,000	$30,000	$20,000

* As of April 2, 2009

Who is eligible for a loan?

Borrower must be a first time homebuyer, which is a household that has not owned a home within the past three years. Borrowers must be able to qualify for a first mortgage from a participating lender. The homebuyer must provide a minimum of 3% of the purchase price.

What homes are eligible for purchase?

Homebuyers may purchase an existing single-family detached home, condominium, or townhouse located anywhere within Concord City Limits.

What are the loan terms?

Borrower's Disclosure (currently being updated)
The loan is a zero-interest, 15-year loan. Loan payments are deferred, with the loan being due at the end of 15 years or earlier if the house is sold.
The City loan carries shared appreciation, when the home is sold. For example, if the original sales price is $200,000 and the City loan is $20,000, the City's "share" of the appreciation is 10%. At the time of sale or refinance to pay off the City loan, 10% of the appreciation will need to be paid to the City. When the City loan is paid off the shared appreciation obligation ceases.

Inclusionary Housing

The FTHB Program may be used in conjunction with affordable units generated through the Inclusionary Zoning Ordinance to purchase a new home. The income eligibility is based on household size and is allowable up to 120% of Area Median Income cap ($107,150 for a family of 4). In cases where the FTHB Program is used to purchase an Inclusionary unit, the loan may be increased up to $50,000. This increase is intended to encourage low and moderate-income families to purchase inclusionary units, which are subject to the 45-year deed restriction. Although new inclusionary units are not for sale at this time, units are anticipated to be built over the next few years.

Are there any other requirements?

Borrowers must attend a City-approved FTHB Counseling Workshop. Schedule a free workshop online through www.Crediteducation.org Classes are typically held within Concord at least two Saturdays per month.
A home purchased under the FTHB program must be, and remain, the borrower's principal place of residence. The property cannot be leased or rented during the term of the City loan.
Persons with ownership in most real estate assets are not eligible.
Funds are limited. Assistance is provided on a first-come, first-served basis, as long as funds remain available.

For First Time Home Buyer classes schedule on-line at: www.crediteducation.org.

Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Are Event |

Weekly Wrap Up 8/21/09

Jason Wheeler (REI Capital Solutions Group) — Fri, 21 Aug 2009 17:31:24 -0500

"The Weekly Wrap Up"

Presented by Jason Wheeler 8/21/09

Lenders and Appraisers everywhere are still working through challenges with the new appraisal laws however so far we have not lost a file due to an appraisal issue since May 1st. We are still closing FHA Loans within 25 days. Service and communication to you and your borrowers is the key to our continued success.

Check some of the newest programs here. and ask me about the details!

Below is a bit of news on the weeks pricing trends and mortgage rates!

Here we are wrapping up Friday 8/21/2009 rates have continued to decline however today we lost the entire weeks pricing with a huge jump. If you had to lock at all this week you were likely better off than the week before unless you waited until today Friday the 21st. You can look at weekly rate trends Here.

ANNOUNCEMENT!

Getting a Mortgage Loan in Turbulant Times

Jason Wheeler (REI Capital Solutions Group) — Mon, 10 Aug 2009 13:02:32 -0500

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It is our aim to help you through this process and make it as pleasant as possible. Communication is key so feel free to contact me anytime. I am committed to return all communications within a few hours.

In order to manage what to expect during the Loan Process I wanted to make this note with information about the process ahead. Financing a home is like taking an airplane flight across country. When you start on your trip you have no idea how the trip will go. Neither does the pilot! You could run into many different types of turbulence, or you could have a smooth flight and land on time. Certainly the pilot will try to use his or her experience to navigate around the storms and go for the smoothest flight plan, but if they’re honest, they can’t promise a turbulent-free trip. Their job is to simply get you to your destination in the least time and with the least aggravation, while keeping you informed throughout the trip

As your Mortgage Planning Consultant, I see myself as the pilot of your plane. My job is to assist you in getting your home financed with the best service, in the least time, with the least aggravation. While we may hit some turbulence along the way, I will try to utilize my experience and expertise to take you on the smoothest flight that I can. I will not bail out on you and I will continue to be your teammate throughout the final leg of your trip until we get safely to your destination.

Rest assured, your advocacy is my number one goal, and that means you must be delighted with the service I provide and deliver that hopefully goes beyond your expectations. I will keep you posted as we move through the process and you can ask me questions anytime. I have attached a few documents that I advise you print and read in regards to the loan process and types of turbulence you may run into.

Thanks for reading this and please DON’T hesitate to contact me anytime during the process.

Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Are Event |

Market Commentary Aug. 10 -- Treasuries were little changed before the U.S. government sells $75 billion in debt this week.
Ten-year notes and 30-year bonds, which make up $38 billion of the auctions,
declined earlier after Laura Tyson, an adviser to President Barack Obama, said
yesterday the U.S. economy may be on the cusp of a recovery. Ten-year yields
reached the highest level in two months before government reports this week that
economists say will show retail sales and industrial production rose and first-time jobless claims slid.
“The bear is in charge in the Treasury market at the moment,” said Nick
Stamenkovic, a strategist in Edinburgh at RIA Capital Markets Ltd., a broker for banks and investors.
“Supply is an issue, but more importantly it’s the improvement in sentiment toward
risk assets amid signs the U.S. economy is recovering that is putting the market on the defensive.”
The yield on the benchmark 10-year note was little changed at 3.86 percent as
of 7:10 a.m. in New York, according to BGCantor Market Data. The 3.125 percent security was priced at
94 2/32. Ten-year yields earlier climbed to 3.89 percent, the highest since June 11th.
The 30-year yield climbed 1 basis point to 4.62 percent.
The 10-year yield may advance to 4 percent before the notes start to rise in value, Stamenkovic said.

What Closing Costs Come with a Mortgage Loan | Contra Costa Mortgage Lending

Jason Wheeler (REI Capital Solutions Group) — Thu, 06 Aug 2009 23:40:48 -0500

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Closing Costs When Buying or Refinancing a Home

When you talk to a lender, they usually prepare a "Good Faith Estimate" of closing costs. Sometimes they will give it to you right away, but they are only required to mail it to you within three business days of application.

Because the lender is the one who prepares the estimate, many buyers associate all the closing costs with the lender. This is not correct. The lender is only preparing an estimate of the costs you may incur when buying or refinancing and is not required to list all potential costs. Nor does the lender know what all the costs are actually going to be. The estimate is an educated guess based on past experience. Some things will get left out. Always anticipate the actual costs are going to be more than the estimate.

When comparing two lenders, don't look at the "total" cost. Only compare the costs actually charged by each lender. Both lenders are only making informed guesses about costs charged by others. The next page is a detailed summary of costs you may have to pay when you buy or refinance your home. The costs are listed in the order that they should appear on a Good Faith Estimate you obtain from a mortgage lender. There are two broad categories of closing costs. Non-recurring closing costs are items that are paid once and you never pay again. Recurring closing costs are items you pay time and again over the course of home ownership, such as property taxes and homeowner’s insurance.

Some of the items that appear here do not traditionally appear on a lender's Good Faith Estimate and lenders are not required to show all of these items.

Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Are Event |

Aug. 6 Market Commentary -- The number of Americans filing claims for jobless
benefits fell last week, a sign more employers have stopped paring staff as the recession eases.
Applications dropped by 38,000 to 550,000 in the week ended Aug. 1, figures
from the Labor Department showed today in Washington, marking the fifth consecutive
week of fewer than 600,000 claims. The total number of people collecting unemployment insurance rose.
The pace of job cuts has slowed even as unemployment is projected to exceed 10
percent by early next year. Economists surveyed by Bloomberg News say a report
tomorrow will show the jobless rate jumped to the highest in 26 years in July.
Stagnating wages and falling home values also mean consumer spending, 70 percent of the economy, will be slow to recover.
“Labor market conditions are gradually improving,” Zach Pandl, an economist at
Nomura Securities International Inc. in New York, said before the report.
Nonetheless, he said, “claims have to continue to fall from these levels before we can expect a rebound in consumer spending.”
Economists forecast claims would drop to 580,000 from a previously estimated
584,000, according to the median of 40 projections in a Bloomberg News survey.
Estimates ranged from 550,000 to 600,000.
The four-week moving average, a less-volatile measure than weekly initial
claims, fell to 555,250 from 560,000 the prior week.

What is the True Cost of a "No Cost Loan"

Jason Wheeler (REI Capital Solutions Group) — Fri, 24 Jul 2009 14:08:24 -0500

You always hear about that "no cost loan" however the old adage is true there is no such thing as a free lunch. Ask your professional about what the true cost is of the "no cost loan" or call us at 925-954-7082 anytime and we would be happy to explain the differences, benefits and pitfalls of the several various ways to structure a mortgage. If you are buying property in the Contra Costa Bay area and you need a Mortgage Loan then we are absolutely top notch in customer service and consulting. We will find the right solutions for your sit your situation.

No fees but a higher interest.
In this option the lender offers to cover all the expenses related with the mortgage with the condition that the borrower accepts a higher rate of interest. The higher rate of interest will be charged during the whole lifetime of the mortgage. It is important that you ask for detailed estimates of the real costs of this no-cost alternative. This estimate should show the cost of the mortgage fees and how much extra interest you will be paying with the higher rate of interest.

Taking a loan to pay the loan fees.
This option of no-cost loan modification actually involves taking on a loan to pay for a loan, or at least the loan fees. With this option the lender covers the mortgage modification fees but includes the fees as part of the loan. This will mean the borrower will have to pay for the fees with interest as part of their modified mortgage. Again it is important to understand what the real costs of your no-cost mortgage modification will be. Ask for an estimate that details the real cost of your mortgage fees after paying interest on them for the length of the loan.

Lenders will often try to include a prepayment penalty clause in the mortgage or loan contract to discourage borrowers from changing loans in the early years of the modified loan. As far as you can you should try to avoid or reduce this penalty as they will reduce flexibility when trying to find a better deal in the future.

Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Are Event |

Consumer Confidence Continues to Plunge.

July 24 (Bloomberg) -- Confidence among U.S. consumers fell in July for the first time in five months as mounting unemployment and depressed wages shook households. The Reuters/University of Michigan final index of consumer sentiment decreased to 66, better than forecast, from 70.8 in June. A preliminary reading was 64.6. The biggest employment slump of any recession in the last eight decades may be making more Americans feel their jobs are in jeopardy. The growing insecurity, together with falling home values, is prompting households to limit spending and save more, meaning an economic recovery will take time to gain speed.

Consumers remain very cautious,| David Semmens, an economist at Standard
Chartered Bank in New York said before the report. They’re concerned about the outlook for jobs. Consumer spending will be fairly flat at best.

The confidence index was forecast to fall to 65, according to the median of 57

FHA Loans in the Contra Costa Bay Area with $8,000 in Tax Credits.

Jason Wheeler (REI Capital Solutions Group) — Wed, 22 Jul 2009 17:08:22 -0500

FHA loans are back as good business. The Federal Housing Administration guaranteed almost 186,000 mortgages in June, a record tally for the agency, which has insured more than 34 million properties since its establishment in 1934. First-time homebuyers are in part driving the record push. Since late May, prospective purchasers have been able to use the $8,000 first-time homebuyer’s tax credit on FHA-backed loans. Part of the American Recovery and Reinstatement Act of 2009, the tax credit allows first-timers to pay for closing costs or even defray the 3.5 percent minimum down payment on FHA loans.

These long-standing loans continue to grow in popularity given the slumping economy and tight credit market. The FHA’s record performance in June smashed the agency’s old record of about 157,000 loans in October 2008. Before that, the record dated back to March 1994. “A primary reason government-insured loans have retained a high share of the purchase market is that these loans typically require lower down payments than conventional loans,” Orawin Velz, associate vice president of economic forecasting for the Mortgage Bankers Association, said in a news release. “In addition, lending standards tend to be tighter for conventional loans, especially for loans that require private mortgage insurance.”

FHA loans represent an affordable avenue for many first-time buyers. Anyone who has not purchased a home in three years gets that “first-time” status. But there are some strings attached for buyers looking to capitalize on the new $8,000 tax credit.

Prospective borrowers hoping to offset their down payment costs must utilize a proper FHA-approved lender. Otherwise, that $8,000 can be put toward closing costs or shaving down interest rates. First-time homebuyers also must meet a handful of other criteria. There are income thresholds that exclude individuals who make more than $75,000 or joint filers who clear $150,000. At present, first-time buyers can also decide when to claim the tax credit – either for 2009 or by filing an amended 2008 return. About a dozen states have started offering bridge loans to help spark home buying. These low- and zero-interest loans have to be repaid when the tax credit is applied. The FHA has also begun offering tax credit advance for prospective homebuyers who do not want to wait.

Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Are Event |

7/22/2009 Market Updates and Bay Area Real Estate Meetings

Jason Wheeler (REI Capital Solutions Group) — Wed, 22 Jul 2009 13:25:41 -0500

Good morning everyone and thanks for reading. We are in the office throughout the day today working on various real estate deals and fundings this Wednesday 7/22 so just call anytime at 925-954-7082. We would also like to invite you to our event this evening in Fremont if you would like to meet successful professional real estate investors and learn how you can get involved too. You can learn more about our event right here!

If you would like to learn more about some of the most popular inovative real estate financing programs available today check this out or give us a call and just ask. Rates are up a bit from yesterday so if you had the chance to lock great!

Check out our market commentary for the day below. Have a great day!

Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Are Event |

Market Commentary 7/22/2009

U.S. MBA Mortgage Applications Index Rose 2.8 Percent Last Week
2009-07-22 11:00:02.0 GMT
By Shobhana Chandra

July 22 (Bloomberg) -- Mortgage applications in the U.S. rose for the third consecutive week as refinancing and purchases advanced.
The Mortgage Bankers Association’s index of applications to purchase a home or refinance a loan increased 2.8 percent to
528.9 in the week ended July 17, from 514.4 in the prior week.
The group’s refinancing gauge climbed 4 percent, while the purchase index rose 1.3 percent. The worst housing slump since the Great Depression is steadying as falling prices make properties more affordable to buyers able to get financing. At the same time, record foreclosures and surging unemployment are hurting consumers, indicating any recovery in construction or economic growth will be slow to develop.

Home buying has stabilized albeit at a very low level.

Steven Wood, president of Insight Economics LLC in Danville, California, said before the report. Recent activity has been suggestive of a broad bottoming pattern in home sales. The mortgage bankers’ purchase index rose to 262.1 last week from 258.8 the previous week, today’s report showed. The refinancing gauge increased to 2,089.7, the third straight gain, from 2,009.4.
The share of applicants seeking to refinance loans climbed to 55.5 percent of total applications last week from 54.9 percent. Construction Gain
The report reinforces other signs the real-estate market is steadying. Housing starts jumped in June to the highest level since November, and building permits, an indicator of future construction, also climbed, the Commerce Department reported last week.
Applications rose even as mortgage rates rebounded. The average rate on a
30-year fixed loan rose to 5.31 percent last week from 5.05 percent the prior week. The rate reached 4.61 percent at the end of March, the lowest level since the group’s records began in 1990.
At the current 30-year rate, monthly borrowing costs for each $100,000 of a loan would be $556, or about $81 less than a year earlier when the rate was 6.58 percent. The average rate on a 15-year fixed mortgage rose to 4.80 percent, and the rate on a one-year adjustable loan climbed to 6.50 percent. Economist’s project prices will keep sliding as sales of distressed properties mount. Foreclosure filings reached a record in the first half of 2009, according to RealtyTrac Inc., an Irvine, California-based seller of default data. More than 1.5 million properties got a default or auction notice or were seized by banks.

Fewer Losses

Bank of America Corp., the biggest U.S. lender, reported a drop in
Second-quarter profit because of higher losses on credit cards and home loans, in part related to expenses to help homeowners modify loans. Chief Executive Officer Kenneth Lewis said the Charlotte, North Carolina-based bank sees signs that some loan losses may abate.
The Washington-based Mortgage Bankers Association’s loan survey, compiled
Every week, covers about half of all U.S retail residential mortgage originations.