Michael DiVita publishes a weekly mortgage report which is updated every week. How is this affecting the San Francisco real estate market? Read our weekly and monthly market reports. Here’s what Michael says:

GDP growth inched to 2% largely due to increased gov’t defense spending and the housing rebound.  The Fed reaffirmed its policy for low interest rates and monthly purchases of mortgage-backed securities to further stimulate the housing market and encourage job growth.

Locally, the Southland’s Inland Empire is finally showing modest signs of recovery, both in jobs and housing.  Inventories of low priced homes have grown slim and price competitive.  In Los Angeles, office rental rates are rising in Venice, Santa Monica and Playa Del Rey due to a tech and entertainment industry boom.  San Francisco real estate remains among the highest in the nation.

Please call Michael for your mortgage and refinance needs.   Ask about HARP 2.0 if your loan is underwater.  This may be your path to mortgage relief.

In Los Angeles, tune in to Toni Patillo, KTLK Radio 1150 AM, Saturdays at 3pm for a full hour of real estate discussion by professionals.  We partner with the show to provide informed data on market conditions and loan solutions.

Michael G. DiVita
CA Department of Real Estate 01372066
NMLS ID # 241655

Michael DiVita publishes a weekly mortgage report which is updated every week. How is this affecting the San Francisco real estate market? Read our weekly and monthly market reports. Here’s what Michael says:

JPMorgan Chase and Wells Fargo banks reported double digit quarterly earnings growth resulting from their increased mortgage and home refinancing businesses.  Nose-diving foreclosure numbers and bargain basement interest rates have ignited the housing market. Median home prices in So Cal rose to their highest level in four years while the tech boom continued its upward pressure on San Francisco’s home prices.  Meanwhile U.S. family debt decreased to pre-recession levels, all key to economic recovery.

If you are looking to purchase a home, please call Michael for a free credit report and loan preapproval, essential prerequisites.  He will also gladly review your current mortgage and calculate monthly/overall savings from refinance at no cost.  As an independent mortgage broker, he provides options from over 40 banking institutions.

In Los Angeles, tune in to Toni Patillo, KTLK Radio 1150 AM, Saturdays at 3pm for a full hour of real estate discussion by professionals.  We partner with the show to provide informed data on market conditions and loan solutions.

Michael G. DiVita
CA Department of Real Estate 01372066
NMLS ID # 241655

Michael DiVita publishes a weekly mortgage report which is updated every week. How is this affecting the San Francisco real estate market? Read our weekly and monthly market reports. Here’s what Michael says:

Head Fed Banker Ben Bernanke refinanced his D.C. condo last year, according to gov/t disclosures into a new 30 year mortgage that lowered his interest rate to 4.25%.  It was a good move for the Chairman of the Federal Reserve, but interest is even lower this year.  And with the central bank’s near zero rate, interest cannot go much lower.

Please call Michael any time for a free evaluation of how much you would save by refinancing.

If your mortgage is underwater, ask about Harp 2.0, a gov’t program good only through 2013.  There are few requirements or docs.

In Los Angeles, tune in to Toni Patillo, KTLK Radio 1150 AM, Saturdays at 3pm for a full hour of real estate discussion by professionals.  We partner with the show to provide informed data on market conditions and loan solutions.

Michael G. DiVita
CA Department of Real Estate 01372066
NMLS ID # 241655

Michael DiVita publishes a weekly mortgage report which is updated every week. How is this affecting the San Francisco real estate market? Read our weekly and monthly market reports. Here’s what Michael says:

Housing inventories in the San Francisco, Los Angeles and San Diego real estate markets have dwindled approximately 50% from a year ago.  Both banks (with REO’s) and homeowners are reluctant to sell and take the hit of low prices in a slowly improving market.  Thus, supply has fallen behind demand and bidding wars have returned, especially in areas such as Silicon Valley where inventory has decreased dramatically.  As a result, prices and owner’s equity throughout California are rising, albeit modestly.

If you looking for a first home or to up/downsize, please call Michael for financing.   You can lock in a 15 or 30 year fixed at unheard of rates.

If you already have a mortgage, please call Michael to explore the advantages of refinance.  If your loan is underwater, ask if you qualify for Harp 2.0, a gov’t program to refinance at low interest regardless of loan to value.

In Los Angeles, tune in to Toni Patillo, KTLK Radio 1150 AM, Saturdays at 3pm for a full hour of real estate discussion by professionals.  We partner with the show to provide informed data on market conditions and loan solutions.

Michael G. DiVita
CA Department of Real Estate 01372066
NMLS ID # 241655

Michael DiVita publishes a weekly mortgage report which is updated every week. How is this affecting the San Francisco real estate market? Read our weekly and monthly market reports. Here’s what Michael says:

Retail sales dip as American households tighten belts and pay down debt…and for good reason.  Credit card debt is not the same beneficiary of low interest rates as mortgage debt.  But is it also time to get your house in order?  Despite refinancing before, it may pay to do it again.  Current rates are an historic anomaly.

Call Michael for a free analysis of your mortgage.  He will crunch the numbers and give you a full disclosure of the savings (or not) you will reap from refinance.

For underwater mortgagees:  Ask if you qualify for Harp 2.0, a gov’t program that allows you to refinance at low interest.  No appraisal, fewer docs.  Requirements:

1. Your loan must originate with or be owned by Fannie Mae or Freddie Mac before June, 2009.
2. You must be current: no lates in the past 6 months and only 1 late (no more than 30 days) in the past year.                                                                                                             A

Applications will be accepted through December, 2013; but rates may increase if you wait.

In Los Angeles, tune in to Toni Patillo, KTLK Radio 1150 AM, Saturdays at 3pm for a full hour of real estate discussion by professionals.  We partner with the show to provide informed data on market conditions and loan solutions.

Michael G. DiVita
CA Department of Real Estate 01372066
NMLS ID # 241655

Michael DiVita publishes a weekly mortgage report which is updated every week. How is this affecting the San Francisco real estate market? Read our weekly and monthly market reports. Here’s what Michael says:

The California rental market is thriving because of the slowdown in new home construction and the effects of foreclosures, now abating.  Strong demand and limited supply sent rents rising again in the second quarter of the year.  San Francisco, because of its brisk start up activity, ranks second only to NY in rental rates.  With home prices stabilizing and interest at record lows, it is a great time to consider a first or replacement home in the California real estate market.

Please call Michael with any questions about financing or refinancing your home loan.

For current homeowners with underwater loans, please ask about Harp 2.0, a government refinance program with fewer docs, no appraisal and no restriction re loan to value.  Applications will be accepted only through December,  2013.

In Los Angeles, tune in to Toni Patillo, KTLK Radio 1150 AM, Saturdays at 3pm for a full hour of real estate discussion by professionals.  We partner with the show to provide informed data on market conditions and loan solutions.

Harp 2.0 (Home Affordable Refinance Program) can provide a down-to-earth pathway for those with underwater mortgages.  You may be able to refinance at lower interest even if you were previously unable to do so.  No appraisal is necessary and fewer docs are needed.  But there are strings attached (pun intended).

1. Your loan must have originated or been owned by Fannie Mae or Freddie Mac before June, 2009.
2. You must be current in your payments, have no lates in the past six months, and only one late (not more than 30 days) in the past year.                                                                                                             A

Though applications will be accepted through December, 2013, it’s best to refinance now because today’s low interest rates are not guaranteed.

Call Michael for your HARP loan.  He will guide you on the path to affordable home ownership, the American dream we at DiVita Home Finance espouse for all.

In Los Angeles, tune in to Toni Patillo, KTLK Radio 1150 AM, Saturdays at 3pm for a full hour of real estate discussion by professionals.  We partner with the show to provide informed data on market conditions and loan solutions.

Michael G. DiVita
CA Department of Real Estate 01372066
NMLS ID # 241655

Michael DiVita publishes a weekly mortgage report which is updated every week. How is this affecting the San Francisco real estate market? Read our weekly and monthly market reports. Here’s what Michael says:

The Dow is barely positive for the year.  Gold is at its 12 month mid range.  Bonds yields are ho-hum.  As for real estate, prices are down, rents are up and interest is the lowest since the 50’s.  Wouldn’t it be prudent to ride out this slow, but steady, economic recovery in a home of your own that is likely to appreciate over the long term?

Ask Michael to quote the latest mortgages, some with little down, all with rates of a lifetime.

Homeowners:  You hear this all the time, because it’s true, true, true.  There has never been a better time to refinance and lock in savings.

Homeowners with underwater loans:  Ask about HARP 2.0, a gov’t program good only thru 2013 also with low rates.  There are a few requirements, but loan to value is not one of them.

In Los Angeles, tune in to Toni Patillo, KTLK Radio 1150 AM, Saturdays at 3pm for a full hour of real estate discussion by professionals.  We partner with the show to provide informed data on market conditions and loan solutions.

Michael G. DiVita
CA Department of Real Estate 01372066
NMLS ID # 241655

Michael DiVita publishes a weekly mortgage report which is updated every week. How is this affecting the San Francisco real estate market? Read our weekly and monthly market reports. Here’s what Michael says:

Many appraisers have ignored the rise in housing sales and values and generate low evaluations despite agreed upon sale prices and even bidding wars.   This snags buyers and sellers and was cited by the Nat’l Assn. of Realtors in May as an important factor inhibiting recovery in areas that have already turned the corner.

California has seen a 10 month rise in housing sales and values.  If you are looking to purchase or refinance, please call Michael.  There are ever changing loan vehicles available and he has affiliations with over 40 institutions from which to choose.

Please listen to Toni Patillo, KTLK Radio 1150 AM on Saturdays at 3pm, for a full hour of real estate discussion by professionals.  We partner with the show to provide informed data on market conditions and loan solutions.

Michael G. DiVita
CA Department of Real Estate 01372066
NMLS ID # 241655

Michael DiVita publishes a weekly mortgage report which is updated every week. How is this affecting the San Francisco real estate market? Read our weekly and monthly market reports. Here’s what Michael says:

California racked up gains in jobs and home sales/prices in the past 10 months brightening the state’s outlook.  According to the LA Times, home sales rose 21% over last year in So Cal and 26% in the Bay Area with median home prices gaining 5.4% and 7.5% respectively.  These stats were not limited to investors and first time homeowners, but were found among move-up buyers and in higher end coastal areas.  Meanwhile fixed rate loans inched up.  It sure feels as if the housing market has bottomed.

If you are looking for a first home or to move up, please call DiVita Home Finance for loan preapproval, a prerequisite for home purchase.  No one loan fits all.  With over 40 financial affiliations, we will shop for the right loan vehicle for your needs.

For current homeowners:  Now is an excellent time to refinance while interest is still at bargain basement rates.

For underwater mortgage holders:   HARP 2.0 is a limited time gov’t program with few requirements; loan to value is not among them.  Please call Michael to see if you are eligible.

In Los Angeles, tune in to Toni Patillo, KTLK Radio 1150 AM, Saturdays at 3pm for a full hour of real estate discussion by professionals.  We partner with the show to provide informed data on market conditions and loan solutions.

Michael G. DiVita
CA Department of Real Estate 01372066
NMLS ID # 241655

Michael DiVita publishes a weekly mortgage report which is updated every week. How is this affecting the San Francisco real estate market? Read our weekly and monthly market reports. Here’s what Michael says:

Interest on 15 and 30 year loans declined into record territory creating a boom in the refi market.  The trend among borrowers in their 40’s and 50 ‘s is to tackle 15 year loans with plans to own free and clear by retirement age.  Good planning!  It’s shades of our parents and sound financial management.

Refi is possible even for those with underwater loans, with HARP 2.0 (Home Affordable Refinance Program), available through 2013.  Ask Michael if you qualify.  Loan to value is not among the guidelines.  Apply now at these low, low rates.   Odds are they will go up.

In Los Angeles, tune in to Toni Patillo, KTLK Radio 1150 AM, Saturdays at 3pm for a full hour of real estate discussion by professionals.  We partner with the show to provide informed data on market conditions and loan solutions.

Michael G. DiVita
CA Department of Real Estate 01372066
NMLS ID # 241655