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  • Cathi & Ben Walter
  • Sales & Marketing Specialist, Realtor
  • 44530 San Pablo, Suite 101
  • Palm Desert, CA 92260
  • P: (760) 218 – 5752
  • F:
  • E: Cathi@DesertAreaHomeFinder.com
  • DRE# 01346930
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A Message From Cathi & Ben...

We hear similar stories repeated in different ways from our clients; At first, they look forward to stolen weekend's to golf & relax in the desert - they gradually discover they're crafting ways to spend more time here until it becomes clear, life just doesn't get any better than this."

Once that realization hit's, the process of change begins... We know what an extraordinary commodity your home is - buying or selling a home can be one of the most important decisions you will make and having the right team on your side will make the difference.

We specialize in homes throughout the Palm Springs Valley including Palm Desert Real Estate & Homes, Indian Wells Real Estate & Homes, La Quinta Real Estate & Homes, Rancho Mirage Real Estate & Homes, Palm Springs Real Estate & Homes& Indio Hills Real Estate & Homes. Whether you want to buy or sell an estate, lock & leave property with income potential, a resort property, land to build your dream home, or a property located in a country club or golf community we know the desert and are here to help. Our motto, If its important to you, it's important to us, guides us as we help our clients buy or sell a home in the desert.

Thank you for visiting DesertAreaHomeFinder.com, we hope you find our site helpful and we look forward to speaking with you it's easy, just click on the picture of a cell phone in the upper right corner of this web site and it will ring our cell phone directly.

Personal Messages

The Economic Stimulus Act of 2008

From my point of view, there are three recent real estate laws every home buyer, home seller and homeowner should be aware of and the first is:

1. The Economic Stimulus Act of 2008. Why do you care about this one? Because it temporarily increased FHA and conforming loan limits to $729,250 in high-cost-of-living areas — in some areas, this was an increase of several hundred thousand dollars. This means that if you live in a place such as the San Francisco Bay Area, you ordinarily would have had to pay a couple of percentage points more in interest on a jumbo loan to finance a loan amount of $700,000 on a loan that you can now get for the lower interest rate of a conforming loan. If you are a buyer, this obviously could save you tens or even hundreds of thousands of dollars of interest over the life of your mortgage loan, and may also make it more feasible for you to buy a home in this price range, because the jumbo loan qualification standards are tougher than those for a conforming or FHA loan.

If you are a homeowner not looking to sell your home, though, this law may still be important for you in that it would allow you to refinance up to $729,250 worth of mortgage debt on a higher-interest mortgage or a mortgage with payments and interest that are about to adjust upwards into a 30-year fixed-rate loan amounting to as much as 97 percent of the current value of your home.

This law was passed in March 2008 — this increase in loan limits will expire at the end of 2008, and be replaced by a permanent loan limit of $625,500. If you are in a high-cost-of-living area and want to buy, sell or refinance on a mortgage loan amount between $625,500 and $729,250, you’ve got until Dec. 31 to make it happen.

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Get In Touch

  • Cathi & Ben Walter
  • REALTOR ®
  • 44530 San Pablo, Suite 101
  • Palm Desert, CA 92260
  • P: (760) 218 – 5752
  • E: Cathi@DesertAreaHomeFinder.com
  • CalBRE# 01346930

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