| |
firsttime buyers: Tick Tick Tick. That's the Sound of Your Opportunity Slipping Away for Lower Interest Rates, Lower-Priced Mortgages, and Cheaper Closing Costs - 03/22/11 03:46 PM
Tick ... tick ... tick ...
That's the sound of time slipping away on lower-priced mortgages, smaller-downpayments, lower interest rates, and cheaper closing costs.
Getting worried?
If you're a first-time buyer ... or live in a high-priced region of our country ... maybe you should be. As of April 1st and after ... there are many things in play that could drive-up the cost of seeking and securing your home loan. Fees paid for small-down payment loans are rising. This type of loan is typically a launching-pad into homeownership for first-time buyers. There is talk of ending … (10 comments)
|
firsttime buyers: IF YOU'RE A FIRST TIME BUYER & LOOKING FOR ADVICE .... READ THIS! - 02/06/10 05:16 PM
Many times I am asked by young or first-time buyers what my #1 piece of advice for home buying is. They are surprised to hear my response to that question, because I say something that they probably don't hear from many lenders ...
Don't Buy a Home!
What?????? Blasphemy!
Once I have their attention, I clarify my statement ...
I tell them ... Don't Buy a Home ...
Just because a tax credit is presently being offered! Just because a tax credit runs out soon!
The timing is not good for you to … (40 comments)
|
firsttime buyers: Time is Running Out on the First-Time Buyer's Tax Credit. Are you looking for a way to assist those last minute shoppers? - 10/07/09 05:58 PM
There have been many articles written recently regarding the looming tax credit deadline for first-time home buyers. A real debate has been raging ... should or shouldn't the tax credit be extended?
In the meantime while the pros and cons of this are being debated, I'm experiencing a great number of phone calls asking ... "Can I still take advantage of this credit"? And ... "Do I still have time to get a deal closed before the cut-off date"? As the clock ticks down on this program, it is getting harder and harder to answer in the … (6 comments)
|
firsttime buyers: Being Prepared and Protected ... - 06/05/09 05:32 PM
I was talking with my insurance agent and advisor just the other day and he related a sad story to me. Although he has been my personal agent (handling my auto, home and more) for almost three decades, and in the business for more years than that, I could not remember seeing him so shaken.
It seems that clients of his had recently suffered a devastating loss. A young wife and mother had lost her husband suddenly. What made this particular situation harder was that this loss occurred immediately following the birth of the couple's first child, leaving her a very young widow with a newborn infant. Thankfully, life insurance … (2 comments)
|
firsttime buyers: Dive In ... The Market's Fine! - 05/07/09 09:17 PM
Getting pre-qualified for your home purchase is very much like sticking your toe in the pool's water to see how warm or cold it is. Things move slowly and tentatively at first, but get positive feedback on your credit and finances from your lender ... and you want to get in the water the rest of the way!
Now, just as there are differences in the style of entry into water, there are different styles of entry into the real estate market too. Some people slowly and conservatively ease themselves into the "water" trying to acclimate themselves to the changes in its' temperature and depth, … (5 comments)
|
firsttime buyers: First-Time Buyers Seminars ... - 04/27/09 06:13 PM
Through the years I have offered many First-Time Buyer Seminars. I love doing them, as the excitement level of the attendees is high, infectious, and makes the seminar more fun. Normally, the age of the buyer is that of someone younger as well, and as the dad of two sons in there 20's, I really enjoy working with someone around that age.
I served as a coach for my sons basketball and baseball teams when they were younger, and hosting these seminars feels pretty much the same. The participants share the same energy level and eagerness to learn, only now it's about buying a … (3 comments)
|
firsttime buyers: First-Time Home Buying ... Fulfilling the American Dream in Today's Market - 03/23/09 04:20 PM
The state of the nation's economy and current housing market is creating quite differing financial scenarios for some americans. While many are suffering hardships or battling through mortgage mayhem, the very same issues they are facing are causing quite the opposite effect for others and opening up avenues of opportunity.
Most areas of our country have seen prices of homes and property drop or level-off. Although admittedly harder to obtain than in the past because of the financial credit crisis and more stringent guidelines, mortgages are available for those that have a reasonable amount of debt, have good credit scores, and are and have been employed for a set period … (1 comments)
|
firsttime buyers: Forget the Rules of the Past ... It's a Brand New Ball Game! - 03/16/09 03:26 PM
With the onset of better weather, there seems to be a renewed buying interest. Other incentives, such as more affordable housing prices (especially for first-time buyers), economic stimulus measures (the Fed's income tax credit that can be up to $8,000 for qualified buyers), interest rates hovering in the 5% to 5.5% range, and seller's, banks, and lenders willingness (and neediness) to get homes sold, have also contributed to this upswing in recent activity. The last area mentioned here ... sellers of all types ... is where I wish to focus your attention.
During conversations with both realtors and prospective home buyers I have heard the lament, "Banks, FHA, Fannie/Freddie, HUD, and sellers will … (0 comments)
|
|
|
|
|
|
Gene Mundt Mortgage Lender Chicagoland Mortgage Lending
Joliet,
IL
More about me…
815.277.4036 www.genemundt.com
Address: Attention: Gene Mundt, Mortgage Lender, 1823 Centre Point Circle, Naperville, IL, 60563
Office Phone: (815) 277-4036
Cell Phone: (708) 921-6331
Email Me
 Listings
Links
Archives
|
;)
;)
;)
