How will the 700 Billion Dollar Bail-out affect you?Â It helps transform the mortgaged-back securities. This keeps access to capital for borrowers like you high and interest rates low, which is great.
Conforming/jumbo conforming rates should drop in the coming weeks by as much as a percentage point, as Long Beach High-endÂ continues to soften which gives you the buyers a strong upper hand especially in the Belmont/ Naples areas of Long Beach.
TheÂ bail-outÂ improves confidence in the stock market allowing investors to once again realize profits, which they in turn can re-invest in mortgages. So check your credit rating and with a strong â€œficaâ€ score you have increased power in the market. Credit will flow again bringing new, qualified buyers like you into the market to take advantage of the investment opportunities currently available, and, there are many currently in the Long Beach Area both Residential Single family and Multiple unit residential investment. Modified mortgages will allow some homeowners to restructure their mortgages and avoid foreclosure.
If you're on the fence, now is an excellent opportunity to realize dramatic savings on a home purchase before the market shifts, and we begin the next 'Up' stage of the cycle. call me Chris Goodmanson 562.900.8265Â www.chrisgoodmanson.com register for active market up-date.