Tag Archive | "realtor"
203K Realtor Tips – How to Write the Purchase Contract
All in all FHA 203K loans are not that much more difficult from the Realtor’s side. This is especially the case if you have chosen an experienced RENOVATION SPECIALIST to work with. Writing the purchase offer is the first step to a successful transaction.
Continue reading...Would you be interested in a Webinar about the Home Buyer Tax Credit?
Monday, November 23, 2009
Would a webinar for my Oregon readers to discuss the Home Buyer Tax Credit is a good idea. I have chosen this method of delivery so that people will have a chance to ask questions in a real time on line manner. The webinar would be informational in scope with a presentation of the program guidelines and a question and answer session at the end of the presentation
Continue reading...Complacency Can Cost Residents of Harleysville & Montgomery County Pennsylvania
Saturday, October 17, 2009
Definition of Complacency: self-satisfaction especially when accompanied by unawareness of actual dangers Source: Merriam-Webster online dictionary We are once again experiencing a convergence of events that make this one of the best times to consider buying or refinancing your home – and may possibly be for our lifetime! Many Pennsylvania home buyers and those considering refinancing have been sitting on the fence because they are expecting mortgage rates to stay this low forever. Many buyers are assuming that Congress will pass another home buyer tax credit. This complacency could end up costing you tens of thousands of dollars if you wait too much longer! This may sound a bit dramatic but consider the following: Rates near historic lows again! In December of 2008 rates started to decrease to exceptionally low levels. This was fostered, almost entirely, by the government announcement a few months earlier that it would be buying mortgage backed securities (which are used as the basis for mortgage rates). This has kept the rates at an artificially low level. Consider a day in late May when the market panicked and rates jumped ¾% in one single day! This was a reaction to the government’s change in position that they would halt the buying of the securities soon and the result was that a lot of people who were expecting the low rates to last forever ended up with the reality of higher rates. Luckily, the rates calmed back down but this will happen again – it is just a matter of when – and when it does I believe that it will be unrealistic to stop the momentum of increased rates from that point forward. If you are thinking about buying or refinancing you should ask yourself what your reaction would be if you got caught on that day and how it would impact you and your finances. On a $200,000 loan this would equate to an added expense of over $34,000 over the life of the loan. That is a price tag of more than $1,000 per year for complacency! First Time Home Buyer Tax Credit Expiration! Although there is a hope that the First Time Home Buyer Tax Credit will be extended there is no guarantee. IF it is extended no one yet knows if it will extend with the same terms. Again, at some point, the tax credit will expire. If the current expiration date of November 30, 2009 holds then anyone buying a home after that time will have lost $8,000. If the credit does get extended, it will expire at some point. Some first time buyers are gambling on an extension but they should consider the risk of ‘waiting to see’. Again, a cost of $8,000 for complacency! The goal of this article is not to instill fear into anyone looking to buy or refinance but simply to illustrate that, without notice, both the low rates and the tax credit may disappear before you have an opportunity to take advantage of them. There is value in exploring your options now. You can always decide not to do anything but at least you will have explored the availability and benefits of these once in a lifetime opportunities. If you don’t examine your options now you may be one of those people who, years from now, looks back and says “You know, we really missed an historic opportunity”. The most important piece of this puzzle is to have help navigating the possibilities. First and foremost you must look at financing options and compare them against your goals. If you are looking to buy a home, please do yourselves a favor and get in touch with your Realtor as quickly as possible. Please see this article http://www.myfhamortgageblog.com/2009/09/first-time-home-buyer-tax-credit-set-to-expire-for-harleysville-and-montgomery-county-pa-buyers/ about important dates for the tax credit. Although time is ticking away, we have put some programs in place to alleviate some of the stress of timing for closing before the expiration of the tax credit but the most important aspect is that you get out there and find a house as soon as possible
Continue reading...Why Women Buy A Home
Thursday, October 8, 2009
The best Realtors or lenders are those who do less talking and more listening when working with home buyers. Some of my clients at VALoansMN.com tell me of their discouragement while shopping for a house here in Minnesota. The Realtor, they say, seemed more interested in showing them houses that she wanted them to buy rather than homes the client might want.
Continue reading...Tampa FHA Mortgage Update: Want the Tax Credit? Better Act Fast!
Thursday, October 1, 2009
Tampa FHA mortgage borrowers looking to take advantage of the tax credit need to hear the following two words loud and clear… GET CRACKIN’! The current $8,000 First-Time Home Buyer Tax Credit is set to expire November 30th. As it stands – most folks take about 60 days between deciding to look for a home and closing on one. Folks… it’s time
Continue reading...Alert: $8000 First Time Home Buyer Tax Credit is About to Expire – Texas
Friday, September 11, 2009
Most of you know that the $8000 first time home buyer tax credit will expire November 30, 2009 . What many may not know is what this means if you are currently in the market to buy a new home in Texas. Now more than ever you need to have an understanding of the timeframes involved in purchasing a home to make sure you do not miss this great opportunity
Continue reading...FHA Foreclosures with $100 Down Payment in Oregon
Thursday, July 16, 2009
Many HUD foreclosures in Oregon are available with only a $100 down payment for owner occupied purchases. Also, you can get up to $5,000 to make repairs on the property as part of the purchase transaction. If the repairs are more extensive, then an FHA 203k Streamline is the way to go but it isn’t available with just $100 down
Continue reading...Home Valuation Code of Conduct (HaVoCC)
Friday, June 12, 2009
I was recently interviewed by Brain Wargo , a business reporter from the Las Vegas Sun, about the Home Valuation Code of Conduct for a story he was writing titled “ Realtors Complain About ‘Low Ball’ Appraisals ” Realtor.org and several other National publications ran with the story as well, which proves how hot the appraisal / equity topic is.
Continue reading...Somerton Arizona Zero Down Financing
Thursday, May 28, 2009
Yes you really can buy in Somerton, Arizona or San Luis, Arizona with nothing down. _______________________ IGNORE THE MEDIA _______________________ The media sells doom and gloom yet now is a buyers dream with low prices and low interest rates. With the right team of a knowledgeable and committed loan officer and an educated Realtor you can finance 100% of your purchase in Somerton or San Luis. _______________________ NO MORTGAGE INSURANCE _______________________ Additionally, you have probably heard the term mortgage insurance before. These special loan programs have NO monthly MORTGAGE INSURANCE. This means your payment is lower making your home more easily affordable.
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Saturday, September 10, 2011
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