Mortgage, Refinance and Real Estate Investing: The Solomon Free Money Hour Radio Room

Historic Record Low Mortgage Interest Rates Causes Homeowners to Lock Into 30 Year Fixed Rates

For the Full press release, go here: http://www.transworldnews.com/NewsStory.aspx?id=80878&ret=AccountDtl.aspx

Take advantage of all-time record historic low interest rates.  "I locked into all-time historic low rate and I have a first-place trophy to prove it. That is the analogy we are telling our clients, who are flooding our offices with phone calls to lock into these historical low interest rates," says Fred Solomon,  author of Put Your Money Where Your House is and broker of Solomon Financial. Mortgage bankers will have more confidence and buy bigger commitments and be confident when selling their loans in the secondary market. Thus, interest rates are down huge - mid 4's on a 30 year fixed up to $417,000.

"Since the Obama plan, consumers want to know what is happening in the news and ask me constantly, 'What is going on with interest rates?'" reports Solomon, who assists homeowners through media talk radio, The Solomon Free Money Hour on Angels AM 830.  "Well, repeat after me: all-time historic record low rates.  The last time this happened was June 9, 2003."
 
Here's what has transpired last week.  The government has guaranteed that they are putting their money where their mouth is finally. Basically, they will buy up to an additional $750 billion of agency mortgage-backed securities -- bringing the total this year to $1.25 trillion.

"I locked into all-time historic low rate & I have a 1st place trophy to prove it!"

"I locked into all-time historic low rate and I have a 1st place trophy to prove it!"

That is what we will tell you when you call us and lock into historical low interest rates. Many of you are calling our offices today based on what is happening in the news and asking us what is going on with these interest rates.  Well, repeat after me: All-time historic record low rates.  The last time this happened was June 9, 2003.
 
Here’s what has transpired today.  The Government has guaranteed that they are putting their money where their mouth is finally. Basically, they will buy up to an additional $750 billion of agency mortgage-backed securities, bringing the total this year to $1.25 trillion.
 
Because of this, Mortgage Bankers will have more confidence and buy bigger commitments and be confident when selling their loans in the secondary market.  Thus, interest rates are down huge – mid 4’s on a 30 yr fixed up to 417,000.
 
Here’s the problem, in order to qualify you need to have some equity (although the Obama plan does allow us to go up to 105% loan to value & we can do a comp check for you to check it out), you must still qualify with full documentation with your pay check stubs. Call now to take advantage of all-time record historic low interest rates.  
 
We are so thankful to offer you these all-time historic low rates.  So if you or someone you know wants to take advantage of these all-time record low interest rates, call us at 949-421-3744.  
 

The New $75 Billion Obama Foreclosure Bailout Plan - how do I qualify?

Refinance or Loan Modification - which one will work for you?

Los Angeles, USA 3/12/2009 08:15 PM GMT (TransWorldNews)

 

Solomon Financial along with Fred Solomon and David Chen have dissected the Obama Plan to develop a special software program that lets you input your numbers to determine your qualification for a home loan refinance or federal loan modification.  This unique formula combined with an exclusive calculator determines if you qualify.  "It takes us five minutes to figure out if you will qualify or not," adds Solomon.  For  more information, or to see if you are eligible, go to: http://www.freemoneyhour.com/loancost.php

 “How do you know when you qualify for a refinance or a loan modification? “ asks Fred Solomon, broker and radio show host of the Solomon Free Money Hour.  In order to qualify for Obama’s new refinance plan your loan to value cannot be any higher than 105% LTV (loan to value).  In other words, if the value of your home is $400,000, your loan cannot be any higher than $420,000 (5% higher than the current market value).  So that eliminates pretty much everyone who bought a home in 2004, 2005, 2006, 2007 and 2008 (unless they put a large down payment). 

“Call your loan servicer to see if you qualify for the new Obama plan” is what is said.  Get ready to be lied to and listen to the lender's scare tactics.  This is a $75 billion bailout geared towards refinancing / loan modification. 

So the additional questions are: How do you know how to figure out a 31% front end ratio?  How do you figure out if the lender is lying to you or not?  How do you negotiate with someone who is lying straight to your ear?  I guarantee that if you call the lender yourself, the lender will lie to you.  People don't want to believe that.  Channel 11, in conjunction with Solomon, is doing a huge story on their client. "We have example after example of clients who were lied to," reports Solomon.  

Now, remember this plan is supposed to help 9 million Americans and if you haven't heard yet, Wells Fargo is laying off 20,000 employees when rates are at all-time historic lows and we have all-time record foreclosures.  It does not make sense. 

“My office took this new Obama plan and we have dissected it for you.  The first thing we look at is to see whether you qualify for a regular refinance or not.  If not, we look at the new Obama refinance plan up to 105% loan to value.  If you are too far upside down, then we look to see if you qualify for a loan modification or not,” adds Solomon.

For media interviews, or for more information or a consultation, call:

(800) 811-7709 or go to

http://www.freemoneyhour.com/the_solomon_free_money_hour.php

info@sfmdirect.com
www.freemoneyhour.com

Property Tax Reduction: How Do I Reduce My Property Taxes

There are two tax credit incentives for home buyers

1)) Federal for $8,000 -

2) California for $10,000

To reduce property taxes, as discusses on our show and/or refinance, call Solomon Financial Team (800) 811-7709

$18k Home Buyer tax credit - Definitely a buyer's market

For more information, call 800-811-7709, ask for Fred Solomon.

Interest rates are atall time record lows.

Get seller to contribute to closing

For ex on a home of $700k/ $24,500 down

Reserves / 3 months PITI and impounds.

Ask about our rebate program.

Obama plan 9 million Americans

Rebate program> List your home for 1%; use us to purchase new property for you.

Once your home is in escrow, we will start looking for a new home for you; do a seller lease back, if necessary.  Designed to save the buyer/seller $

We are thankful to help others with federal loan modifications. Read CBS Story

http://www.cbsnews.com/stories/2008/12/12/60minutes/main4666112.shtml

Read this story/ it will open your eyes.  Crazy!  We are thankful to help others with federal loan modifications.