Matt Steinmetz

Envoy Mortgage
Concord, CA
Contra Costa County
 

Matt Steinmetz goes through his First Time Buyer Booklet in sections to walk you through the details of buying a home.

In this video we’ll discuss Home Warranties, Types of Loans and more.

Matt Steinmetz is the branch manager of the Concord, Walnut Creek and Danville, CA Envoy Mortgage Offices located in Contra Costa County.  You can find more information at the following websites.

www.mattsteinmetz.com

www.envoy925.com

www.envoyca.com

This is about 5 minutes and goes through the waiting periods, before you can buy a house again, after you or your client has a derogatory item on their credit report.

Thank you,
Matt Steinmetz nmls# 221315
Envoy Mortgage
2151-A2 Salvio St.
Concord, CA 94520
Office: 925-671-9501 x119

Visit Envoy925.com

Follow me on My Blog, LinkedIn, Facebook, or Twitter

FHA*VA*HomePath*FHA 203K*Less Than 90 Day Flips*USDA

Condo Approvals*Escrow Holdbacks*and now Up to 8 Financed Properties

Escrow Hold Backs can save your real estate transactions. When an appraiser calls an item that needs to be repaired in today’s market, many times there is no seller to negotiate payment of this item. Buyer’s don’t want to invest money into fixing a home until they own it and if your selelr is a bank it may be difficult to have this item repaired. This can delay your closing.
Using an escrow hold back we can get your deal closed on time and have the repairs completed after close.

Thank you,
Matt Steinmetz  nmls# 221315
Envoy Mortgage
2151-A2 Salvio St.
Concord, CA 94520

Office: 925-671-9501 x119

FHA*VA*HomePath*FHA 203K*Less Than 90 Day Flips*USDA*Condo Approvals*Escrow Holdbacks*and now Up to 8 Financed Properties

Follow me on LinkedIn, Facebook, or Twitter

Thank you,

Matt Steinmetz

NMLS# 221315

Envoy Mortgage

2151-A2 Salvio St.

Concord, CA 94520

FHA * VA * CALPERS * CALVET * FHA 203K Rehab Loans * Energy Efficient Mortgages * HomePath * Flips * County/City Homebuyer Assistance Programs

Still to come are the possible changes to the allowable amount of seller credits, form 6% to 3%, and the possible change from allowing 3.5% down to 5% down payment.

As for rates, they have gone up about .25% in the last few days and today is no different.  The market is already looking like we’ll have a reprice for the worse.  As you know from my previous posts, the Feds have stopped buying MBS or mortgage backed securities.  This leaves a lot of supply on the market and with out demand, rates will have to go up to entice investors into the market place.

Last Friday also saw the best jobs report in 3 years and the stock market is reacting positively to that today, as it was closed on Friday.

Feel free to comment or share with anyone you know.

Thank you,
Matt Steinmetz
NMLS# 221315

Envoy Mortgage- Voted Top 25 Tech Savvy Lenders by Mortgage Technology Magazine
2151-A2 Salvio St.
Concord, CA 94520

Phone 925-671-9501 x119

Follow me on Twitter
Learn When to Pay Points
Apply for a loan online

FHA* VA * CALPERS * CALVET * FHA 203K Rehabilitation Loans * Energy Efficient Mortgages * HomePath * Flips

the link above will give you a few details.  Here are some details:

• Temporary assistance for unemployed homeowners while they search for re-employment.  Payments reduced to affordable level for a minimum of three months, and up to 6 months for some borrowers, while eligible homeowner looks for new job.
• All servicers (who you make the check to)  are requirement to consider alternative principal write-down approach and increased principal write-down incentives.  This pertains to borrowers who owe more than 115% of the homes value
• Other implementations are to reach more consumers and help those going through foreclosures by making the process smoother.

Thank you,
Matt Steinmetz
NMLS# 221315

Envoy Mortgage- Hiring experienced Loan Originators, Ask me for more info.
2151-A2 Salvio St.
Concord, CA 94520

Phone 925-671-9501 x119

Follow me on Twitter
Apply for a loan online

FHA * VA * CALPERS * CALVET * FHA 203K Rehab Loans * Energy Efficient Mortgages * HomePath * Flips * County/City Homebuyer Assistance Programs

Starting May 1st, the very day after the federal tax credit ends, California’s tax credit kicks in!!!

This time it’s not just for new homes either.  First time buyers, purchasing new or existing homes can apply for the lesser of 5% of the sales price or $10,000.  This is good for accepted purchase contracts from May 1st through Dec 31, 2010. 

Post a comment and let me know what you think about this.  Is it going to help?  Do you know anyone who needs to know this?  Please pass this along by using the share button, or copy the link in your browser.

I’m here to help, let me know what I can do for you, or someone you know.

Thank you,

Matt Steinmetz

NMLS# 221315

Envoy Mortgage- Voted Top 25 Tech Savvy Lenders by Mortgage Technology Magazine

2151-A2 Salvio St.

Concord, CA 94520

Phone 925-671-9501 x119

Follow me on Twitter

Learn When to Pay Points

Apply for a loan online

FHA* VA * CALPERS * CALVET * FHA 203K Rehabilitation Loans * Energy Efficient Mortgages

For 1st time buyer’s or those who have not owned a home in the last 3 years, the tax credit is $4,000 for singles and $8,000 for couples, with income restrictions maxing out at $125,000 for singles and $225,000 for couples.

Current homeowners, who have owned a home for 5 of the previous 8 years, can now also get a credit of $3,250 for singles and $6,500 for couples with the same income restrictions. 

Purchase agreements must be signed by 4/30/2010 and close by 6/30/2010

Those in the armed forces, stationed outside of the U.S. on official duty for 90 days during the period of 1/1/2009 – 5/1/2010 have an extended time frame for signed purchase agreements to 5/1/2011 and closing to 6/1/2011.
 

Thank you,
Matt Steinmetz
Envoy Mortgage- Voted Top 25 Tech Savvy Lenders by Mortgage Technology Magazine
2151-P Salvio St.
Concord, CA 94520
Phone 925-671-9501 x119

Visit my blog for my most recent mortgage related update.

Learn When to Pay Points
Information about the $8,000 First Time Buyer Tax Credit
Information about the $10,000 New Home Tax Credit in CA
Apply for a loan online

FHA* VA * CALPERS * CALVET * FHA 203K Rehabilitation Loans * Energy Efficient Mortgages

Thank you,
Matt Steinmetz
Envoy Mortgage- Voted Top 25 Tech Savvy Lenders by Mortgage Technology Magazine
2151-P Salvio St.
Concord, CA 94520
Phone 925-671-9501 x119
Fax 925-940-9639
msteinmetz@envoymtg.com

Visit my blog for my most recent mortgage related update.
Learn When to Pay Points
Information about the $8,000 First Time Buyer Tax Credit
Information about the $10,000 New Home Tax Credit in CA
Apply for a loan online

FHA* VA * CALPERS * CALVET * FHA 203K Rehabilitation Loans * Energy Efficient Mortgages