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home loan: Fannie Mae Increasing Rates Dramatically - 03/26/08 10:52 PM
Fannie Mae and Freddie Mac will be increasing their rate adjustments effective immediately.   The following factors will determine interest rates: If a borrower has a LTV above 60% there will be a pricing hit.If a borrower has a FICO score below 720 there will be a pricing hit.If a borrower is cashing out there will be a pricing hit.As a result of these changes, interest rates will increase anywhere from .125 to 2 percent.Loans that are not affected are My Community Mortgage (MCM), FHA, and 15 year fixed.Example:Today's 30 year fixed rate is aprroximately 6.375% with 0 points for a … (5 comments)

home loan: New Appraisal Requirements for Extreme Declining Markets - 03/24/08 08:51 PM
Arizona, Nevada, California, and Florida are currently classified as Extreme Declining Markets by Fannie Mae and Freddie Mac. As a result of this new classification, FNMA and FHLMC will require the following on all appraisals (this only applies to declining market areas):1.  The most recent and similar comparable sales available as part of the sales comparison approach must be used. Any change in market conditions from the date the contract of sale was signed and date of the appraisal must be considered.2.  Verification of comparable sales with a reliable party that is not associated with the subject property or the subject … (4 comments)

home loan: The Four Things You Must Know Before You Invest In Anything - 03/20/08 09:41 AM

Have you ever wondered what successful investing requires? I have found four key ingredients that have made all the difference in my career as a real estate investor. These four key ingredients are motivation, determination, education, and consistency.
The first ingredient to success is MOTIVATION. Motivation is the catalyst that spurs us to action. Motivation is like the key to a car. The car is worthless if you can't turn it on and drive it around. Motivation generally drives us in one of two ways: we act either to seek pleasure or to avoid pain. When you find out what motivates you, … (0 comments)

home loan: 18 Reasons Why Seller Financing Should Be The First Thing You Ask For - 02/05/08 10:30 AM
Thank you for continuing this investment journey with me. Together, we can accomplish more thaneither of us would alone. Let me share with you just one of many possibilities that await you in real estateinvesting.
One of the most underused tools in real estate is seller financing. Most people finance their propertiesthrough a bank or mortgage company. Seller financing works exactly the same way, except the sellerissues the mortgage.
Seller financing looks just like a regular loan on paper. There is a term, a loan amount, a paymentschedule, and an interest rate just like a normal mortgage. However, seller-financed loans have manybenefits over … (9 comments)

home loan: Real Estate Negotiation Tips, Create Space - 01/18/08 04:52 PM
What is the primary objective for a buyer when negotiating the purchase of a home?  Would it be fair to say that the buyers want the lowest price possible with the most liberal terms?  And what about the sellers of a home?  Would you agree that the sellers want the highest price possible with the terms most favorable to them? 
It's pretty easy to see then that the buyers and the sellers in a real estate transaction each have goals that are diametrically opposed to one another.  As a result, they can each become highly anxious, emotional, and especially frustrated by the … (2 comments)

home loan: 9 Strategies To Income Real Estate Investing - 09/24/07 05:45 AM
As a local investing real estate agent in Phoenix, I am excited to let you know about some very important things that are happening in our marketplace. Recently I have had the opportunity to become very involved in our community-teaching my past, present and future clients how to profit from investment real estate.
Literally, real estate investing opportunities are all around us. By simply learning how to find them andwhat to do with them, you can easily position yourself to profit too. Whether you choose to fly solo in your owninvestment ventures or tandem in partnership with others or myself, every degree … (0 comments)

home loan: When Is It A Good Thing that the Investment Property Didn't Sell? - 09/19/07 09:25 AM
I would like to talk to you about keeping properties for long-term wealth. One of the great fears that people have with investing is that they will purchase property and then not be able to sell it again.
Countless investors have purchased a property and then fixed it up with hopes of selling it for a large profit but the property remained unsold. The unsold property dashed their hopes for great profits. This begs the question "Is any real estate investment guaranteed to sell, no matter how good the market is?"
We all know that the answer to this question can never be … (3 comments)

home loan: The Case For Real Estate Investing - 09/17/07 10:05 AM
My goal as a real estate investment advisor is to help you improve your life in three main areas: Income & Net Worth, Career Satisfaction, and Lifestyle.
I would like to help you improve your life in these areas by teaching you what I know and then investing with you. Real estate investing can improve your income and net worth.  
First, you can improve your income in the short term by buying and quickly selling properties for handsome returns. Improve your income in the long term by buying properties that produce passive residual income. You can receive passive income without having to manage … (1 comments)

 
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Kendall E. Matthews

Mesa, AZ

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Keller Williams Realty

Address: Mesa, AZ, 85210

Office Phone: (602) 492-6043

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