Want to reduce your mortgage payment? Here’s how.

For some time now I have been totally frustrating paying 6.5% every month on my mortgage payments.  So I finally decided to do something about it this month.  After making my July payments I decided to call my mortgage holders to see if I could get some relief.  I first called Citi Mortgage.  They determined that I had a Freddie Mac loan and yes, they could help me.  They lowered the interest from 6.5 to 4.25% a month, a savings of around $300. a month.  I then called GMAC and found out the same things a Freddic Mac loan but they could lower the interest to 3.99%!  I was over joyed.  Another savings of almost $600. a month.  I then called Bank of America.  Sorry, not a Fannie Mae nor a Freddie Mac loan so they would do NOTHING at all.  I questioned several times, “there must some program they have for people like myself ” but that went nowhere fast.  So, while I am totally frustrated with BofA, and I let them know when they sent me a survey, I am happy two of these were thrilled to work with me.  The down side is they are so overwhelmed even with these streamlined loan modifications, they are taking 60-90 days.  Bummer but worth the wait.  There are websites you can go to to see what kind of loan you have but I found them unreliable.  My suggestion is to call your lender directly to see  if you have a Freddie or Fannie loan and if so, what they can do for you.  This could mean the difference between losing or saving your home.  You do have to be current with your loan and they do check your credit.  You can be upside down on the loan to value so I really encourage you to make the call and see if your lender can help reduce your mortgage payment.  The whole process takes about 30 minutes and you get the loan papers right away!  This is know as the H.A.R.P. Program, Home Affordable Refinance Rpogram.  Good luck, let mw know what your experiences are!

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Rainbow over Winters, CA

Rainbow over Winters I was sitting at the Putah Creek Cafe this afternoonn with my friend Nancy and her daughter, Cathryn, who is visiting from Phoenix.  After watching it rain all day and most of the afternoon there was a break in the clouds and blue sky appeared and then this rainbow.   Sort of made me feel like there are still some things that are right in this crazy world.  Hope this brightens your day too.

Time flies

Is it really almost the end of January 2009?!  My but this month has gone by quickly.  People are realizing that  there are some really good buys in real estate right now and they are taking advantage of them.  If you have time to listen to the news you will hear that while prices are down sales are up.  If you are looking for a good deal in the Winters area please give me a call and together we will find you something.  

Call me at 530-681-8939

www.sandyvickrey.com

Merry Christmas & Feliz Navidad

The Vickrey Family Christmas Card 2008
The Vickrey Family Christmas Card 2008

Merry Christmas and a Happy and Prosperous New Year wish from all of us.  Stay safe, my son had an accident driving home from Monterey last weekend.  Only the car was hurt, thankfully, that can be fixed.   Hope you holiday is peaceful and loving.  Enjoy!

May the Peace of Christ be with you and yours.

Price reduction on Great Home

I just got a call my the owner of  1125MacArthur in Winters and he wants to lower the price to $196,500.  He is very motivated and has finally admitted that  he has to lower the price of the home to be in line with the market .  Checkout this lisitng at www.1125McArthurAve.com and let me know what you think.  This home is immaculate and all ready to move in, new paint, carpet, lino and everything is very neat and clean.   This would also make a great rental if you need a good investment property. 

www.sandyvickrey.com