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On Hold
Exciting Pflugerville Getaway - 908 Indian Run Dr.
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Great floor plan, master bath with jetted tub,separate shower,double vanity,recent up grade tile in kitchen& bathroom,recent microwave,Water softner replace 10/06. bring offers,this one won't last. |
Additional Features
Property Type: | House | Stories: | 1 | Acres: | 0.18 | ||||||
Bedrooms: | 4 | AC / Heating: | CENTRAL, CENTRAL | Lot Size: | 7735 | ||||||
Bathrooms: | 2 Full | School District: | Pflugerville | Year Built: | 1999 | ||||||
Garage: | 2 | Square Feet: | 2,277 | View: | N/A | ||||||
Pool: |
| Water View: | N/A | ||||||||
Special Features
Fireplace | 2 or more Living Rooms | Bedroom on Main |
Formal Dining Room | Tile Floors |
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| Ethan Hoke Phone: 512-583-1028 Cell: 512-924-5741 Fax: 512-583-1040 email: ehoke@landmtg.com www.ethanhoke.com | Rate Quote | |||
| Purchase Price | $175,000.00 | This quote assumes: | ||
| Earnest Money | $500.00 | 650 or higher score, approvable using tax returns, 2 year job / employment history, primary residence | ||
| Home Owner's Insurance | $65.00 | |||
| Annual Taxes | $5,033.00 | |||
| Programs | ||||
| 30 Year Fixed | 30 Year Fixed 80/20 | 30 year FHA Fixed | 30 Year Fixed Interest Only | |
| 95% | ***** | 100% | 100% | |
| Interest Rate* | 6.750% | 7.000% | 6.625% | 7.000% |
| 8.500% | ||||
| APR ** | 7.375% | 7.250% | 7.125% | 7.500% |
| Loan Amount | $166,250 | $139,600 | $177,118 | $174,500 |
| $34,900 | ||||
| Principal & Interest | $1,078.29 | $928.76 | $1,134.10 | $1,020.83 |
| $268.35 | ||||
| Property Taxes*** | $419.42 | $419.42 | $419.42 | $419.42 |
| Homeowner’s Insurance (estimated) *** | $65.00 | $65.00 | $65.00 | $65.00 |
| Mortgage Insurance (estimated) | $115.21 | $0.00 | $72.92 | $122.50 |
| Total Payment | $1,677.92 | $1,681.53 | $1,691.44 | $1,627.75 |
| * Rates quoted are note rates. Rates subject to change, depending on market conditions. | ||||
| ** These are all estimated figures based on the above scenario, and based on closing mid-month. Closing costs consist of all fees including 1% origination fee and estimated Title Company related fees. Programs are subject to underwriting qualification. | ||||
| *** Escrow account not required on some options. | ||||
| ***** 2nd liens require 650 or above, quote based on 720 credit score |


"Have you been turned down for a loan?" This used to be more of a sales cliche. But this has become a real problem for a lot of people.
Here's some of the changes we have seen to loans since 6/2006:
560 min for 100% full doc sub-prime loan, now 620 score min
100% stated loan 600 score to 700 score 100% stated documentation.
With shrink loan programs and tightening guidelines, more people are being left out of the home buying. People are becoming frustrated.
What can be done?? Although we have some unique loan programs, most have been standardized. We must consider something different.
We just started a business relationship with a credit repair company that is very professional and commits to their promises.
i have worked with credit companies in the past and have been unimpressed. These folks are different; they have a methodical process for fixing credit. They offer a 4, 6 and 8 month programs for credit repair and if the borrower won't fit those programs, they say so. If you can fix your credit quickly they give you the advice!
If you have been turned down for a home loan, please contact me. We have some you unique loan programs that can help (especially if you can pay some of your closing costs). If not I would be happy to put you in touch with a credit repair firm that will fix you credit.
This is some finance market info, i thought everyone should know. So you can be an expert to your clients. The FNMA 30yr bond drives mortgage prices, it is the primary cost associated with standard bank mortgages.
We have an excellent finance group that tracks the bond market for us.
So far rates have worsened 6 of the 7 days. Although everyone got good news from the fed, that their rates were holding at 5.25%, the notes from the fed meeting showed a strong concern for inflation and little concern over the health of the economy.
The economic date released since then shows that employment is up and the overall economy is strong.
What's the big deal? The rate ceiling (maximum rates for a standard 5% down mortgage) we have seen for many months of was annihilated by the market.
Per Freddie Mac "Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 6.42 percent with an average 0.4 point for the week ending May 31, 2007, up from last week when it averaged 6.37 percent. Last year at this time, the 30-year FRM averaged 6.67 percent."
We expect this to go up to shortly. these numbers are from freddie mac and are not a loan quote.
This is a 0.3% rate worsening from a week ago.
So warn your clients, to lock their rates to avoid the market shift.

If the buyer has a little extra to put into the purchase or the seller is willing to contribute a little bit more, this becomes a stronger option.
Example:
Suppose a buyer wants to purchase a $200,000 house
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| 0 points in discount | 1% in discount |
| Interest Rate | 6.25% | 5.875% |
| Payment | $1231.43 | $1183.08 |
A simple formula for weighing the benefits:
Monthly savings is $48.35 divided into the discount of $2000.00
It would take just over 41 months or 3.44 year to recover the cost.
If your buyer plans on staying in the house for more than 3.5 years this makes sense. Remember, the longer that you plan on staying in the house, the more important .
Thank you for visiting my mortgage blog.
It is always fun answering questions and giving you advice.
Please sign below and include your city and state. I would like to create a map of all the visitors to this blog.
Remember to click subscribe to this blog so you will automatically receive updates.
Well parents, this is the workshop that provides the support you've been looking for!
Saturday, May 19, 1 - 4 p.m. at The Khabele School, 801 Rio Grande. Register on-line at http://www.themoneyacademy.net/
Knowing how to handle our personal finances is one of the most important educations we can get, and yet it is not taught in school. As parents, we struggle with how to help our kids gain proficiency and power with money, so they can create a future of financial freedom and security. Gayle Skiera, a Landmark Forum Graduate, delivers a 3 hour workshop that will forever change the way you teach your kids about money.
What you will have after attending this parent workshop:
Here's what people are saying about Gayle's workshops:
"The Money Academy programs offer a powerful way to engage our kids in a real dialogue about the value of money and what our relationship is to it. This has huge implications for the rest of their lives. I think it's the most important education we can get." ...Brigid Shea, Civic Leader and Parent
"Gayle facilitates a fun, free and more conscious relationship to money." ...Milad Taghehchian, Finance Entrepreneur
Check out this program and all the other offerings from The Money Academy on the website: http://www.themoneyacademy.net/, or call Gayle at 443-8851.
See you Saturday!
IMPORTANT LEGISLATIVE ITEM NEEDS YOUR ATTENTION!
Has one of your buyers ever got stuck with a higher mortgage rate, because they had to use the builder's Mortgage Company?
There is legislation in the Texas House of Representatives that would prohibit sellers (builders) from making incentives contingent upon using any specific service provider. Builders would no longer be able to steer borrowers to their own mortgage companies.
HB 3798 is legislation to allow the homebuyer to apply any contributions from the builder as inducements to buy the home, not be contingent on specified lenders or mortgage originators. This will give the buyers a fairer position and also the originating industry a chance to be competitive for the buyer.
Contact you house rep to pass this;
http://www.legis.state.tx.us/Members/Members.aspx?Chamber=H
I'm curious what you think about this. Let's do our own vote. You can comment and say yes or no.
You can always say more. I'll total the votes - 1 for 1 against
| HONEY STOP THE CAR!! 1104 Buffalo Gap Road, Austin, TX, 78734 | $222,000 |
For Prequalification call Ethan hoke at 924-5741
REALTORS - The Burrows Team
RE/MAX Lakeside
512-627-6850 (direct/Cell)
512-366-9349(facsimile)
| MLS# | 1599024 |
| Type | Single-family |
| Style | Single Story |
| School District | Lake Travis ISD |
| Area | LS |
| Bedrooms | 3 |
| Bathrooms | 2 |
| Square Footage | 1329 |
| Lot Size | 0.19 acres |
| Age | Built 1999 |
| Parking | 1 |
| Spacious 3 bedroom, 2 bath home with soothing atmosphere, special design features, and lovely details. DEEDED LAKE TRAVIS ACCESS!! |
| Interior Features | Dishwasher, Range - Free Standing, Single Oven, ,Carpet Flrs, Hard Tile Flrs,Slab Foundation,Ceiling-Cathedral, Ceiling-High, Ceiling-Vaulted, Indoor Utilities, In-Law Plan, Separate Shower, Smoke Detector, Window Treatments, Wired for Cable,Main Level Laundry, Utility Room,Breakfast Area, Liv/Din Combo,Breakfast Area, Country Kitchen,Mstr Bdrm-Full Bath, Mstr Bdrm-In-Law Plan, Mstr Bdrm-Separate Shower,Bedroom/Office, Family Rm, Foyer |
| Exterior Features | Common Grounds, Lake Privileges,South Facing,Cedar Fence, Wood Fence,Attached Garage, Door-Single Garage,Level Lot, Wooded Lot,Utilities-Propane,Hill Country View,Water District Water Exterior construction: All Sides Masonry, Brick Veneer, HardiPlank Type Energy Info: Ceiling Fan(s) Roofing: Composition Shingle View |
| Additional Features and Amenities | Common Grounds, Lake Privileges,South Facing,Cedar Fence, Wood Fence,Attached Garage, Door-Single Garage,Level Lot, Wooded Lot,Utilities-Propane,Hill Country View,Water District Water Exterior construction: All Sides Masonry, Brick Veneer, HardiPlank Type Energy Info: Ceiling Fan(s) Roofing: Composition Shingle View Attached parking Heating features: Central Heat Central air conditioning Approximate lot is 60X130(appr) Approximately 0.19 acre(s) Lot size is less than 1/2 acre School District: Lake Travis Isd Elementary School: Lake Travis Middle School: Hudson Bend High School: Lake Travis |

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