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In 1938, Fannie Mae was established by the US Government to promote the growth of home ownership by providing a secondary mortgage market.  What is a secondary mortgage market?  Well, the secondary mortgage market exists in the buying and selling of a mortgage from one lender to another.  The bank, or Mortgage Company that provided you with your loan, can turn around and seek to sell your mortgage to a company such as Fannie Mae.  This frees up their cash to make another mortgage loan.  And the cycle of growth is expanded and sustained in this manner.  The idea and concept worked, and today, Fannie Mae has helped millions of Americans achieve the dream of home ownership.  Until recently, Fannie Mae was a part of the US Government, and was overseen by the Housing and Urban Development branch of that government.  Now, however, Fannie Mae is a privately held, stock ownership company that promotes the growth of the housing industry by making it possible for many low-to-middle income Americans to own homes.  Investors just like you and I can purchase stock in the Fannie Mae Corporation, and not only increase our won wealth, but also help to fund the home ownership possibilities for a new generation of Americans.

            In 1968, just thirty years after her government commissioned birth, Fannie Mae became a private company operating with private capital.  She had outgrown her need for federal funding and supervision.  That does not mean, however, that the government does not still closely work with the Fannie Mae Corporation.  It does. The housing industry has continued to grow, and currently the entire mortgage market is experiencing phenomenal success.  Fannie Mae’s focus, however, is still on the low to middle-income American.

Fannie Mae deals only in the secondary mortgage market, this way Fannie Mae Corporation can ensure that money for mortgages is available throughout the 50 states and that as many homeowners as possible can take advantage of home ownership.

            How does Fannie Mae continue to fund the mortgages that she buys?  Through the issuance of mortgage backed securities. These securities known as MBS are issued to investors.  When Fannie Mae issues the MBS, she is guaranteeing the investors a return on their investment, and at the same time, providing a source of funding for issuing further mortgages.   This provides the nation’s lenders with a steady stream of cash to continue to make mortgages available to the consumer.

            How does all this relate to the home of your dreams?  Well, stop just a moment to connect all the dots.  Fannie Mae buys mortgages from your local lender.  The lender receives the proceeds from that purchase, and can then offer a new mortgage to you.  It’s a steady and continual circle of growth.  Why?  Well, Fannie Mae isn’t the only lender in the secondary market.  Insurance companies, pension funds, securities dealers, and other financial institutions buy mortgages on the secondary market.  Who invests in these insurance companies, pension funds and securities dealers?  Where do they get their money?  From taxpayers just like you.  Mortgage holders just like you.  Now can you see how Fannie Mae and other mortgage lenders in the secondary market, work to foster home ownership and community growth, all in one process?

            The primary focus for Fannie Mae, operating under a government directive, is to provide the maximum amount of help to lenders in making mortgage loans to the low, to middle, to moderate income families across America.  Fannie Mae is also involved in a

Brand New-Family Ready

$699,900 Location: 29 Blackwolf Run Court Wildwood, MO 63040 Map and Directions

5 Bedrooms 4 Bathrooms 1 Partial Bathroom Interior: 4400 sqft Lot: 18,129 sqft

Description

You Could Pay More...But Why Would You? There's no earthly reason to accept second best when you can own this 5 Bedroom, 4.5 Bath masterpiece in an estate wooded setting. Featuring, Insulted Interior Walls, Low E Windows throughout, Dual Laundry Hook Ups, Soaring Ceilings, 12 ' Breakfast Bar, Hearth Room, Two Fireplaces, Gleaming Hardwoods, Formal and Farmily Dining Areas, Private Home Office, Deep Pour Basement that Walks-Out to your Private Premium Wooded Lot.

Still Seaching? We can Streamline your Search Results and get Currently available homes to you! In most cases you'll know before the Agents do! Click the Home buyers Scouting Report Button Below.

We look forward to working with you! Roland & Linda Hauhe (Hoy)

Photos

Features

• * Stainless Steel Appliances, Six Burner Downdraft Cooktop, 12' Breakfast Bar, 1/2 Round Window over Sink, Intercom System with CD Player, Planning Deck, Under Cabinet Lighting * Pre-Wired for Plasma TV over Fireplaces, Bedroom Fan Pre-Wired, Cat 5 Pre-Wi
• * Low E Windows Throughout, All Interior Walls Insulated, 30 Year Owens Corning Architectural Shingles * Separate Formal and Family Dining Areas, Coffered Dining Room Ceiling
• * Hearth Room with Pre-Cast Gas Fireplace, Wooded View From Wrap around Windows * Two Story Great Room, Two Story Window Walls, Two Story Entry Foyer, Frt. & Rear Spindler T-Staircase, Brick Gas Fireplaces
• * Balcony Walk-Way, 4 Bedrooms Upstairs, 3 with their own Full Bathrooms * His & Hers Walk-In Closets, Double Vanity, Separate Tub and Shower, Private Home Office or 6th Bedroom Main Level. Elongated Toilets Throughout
• * Wooded View from almost every room in the house * 5.1/4 Baseboards, Cathderal and Vaulted Ceiling
• * Lower Level Full Bath Rough-In / Deep Pour Basement

Neigborhood Info

Area Facts - Schools - Crime - Population

Enclaves at Cherry Hills, Wildwood Missouri 63040

Grow Your Own

$234,900 Location: 514 Grand Canyon Court Wentzville, MO 63385 Map and Directions

4 Bedrooms 2 Bathrooms 1 Partial Bathroom Interior: 2660 sqft Lot: 10,890 sqft

Description

Grow your own vegtables, children or both. There's enough room to spare. Featuring Separate Formal and Family Dining, Frt & Rear T-Staircase, a Huge Family Room with a Brick Fireplace, Separate Formal Living Room and a Upper Level Bonus Room. A Large Covered Front Porch that's ready for the Rocking Chairs. At just 2.5 Years Old this Home Has all of the lastest must have items included. Along with a Tree Lined Rear Yard, Oversized Patio and Play areas. Hurry as only one Family can own this today...Area Community Pool, Shopping, Dining and Medical Centers and easy access to Hwy 40 or I-70.

Still Seaching? We can Streamline your Search Results and get Currently available homes to you! In most cases you'll know before the Agents do! Click the Home buyers Scouting Report Button Below.

We look forward to working with you! Roland & Linda Hauhe (Hoy)

Photos

Features

• * Six Panel Doors - Bay Windows * Coffered Ceiling - Frt. & Rear T-Staircase
• * Custom Cabinetry - Under Cabinet Lighting * Center Island Breakfast Bar - Breakfast Room
• * Separate Formal and Family Dining * Formal Living Room - Upper Level Bonus Room
• * Family Room with Fireplace * Finished Garage - with Hot and Cold Water Faucets - Work Area
• * Oversized Driveway - Rear Patio * Covered Front Porch - Landscaped Yard

Neigborhood Info

Area Facts - Schools - Crime - Population

Stone Ridge Canyon, Wentzville Missouri 63385

Splish-Splash and not much Cash!

$169,900 Location: 620 Watkins Glen Drive Saint Charles, MO 63304 Map and Directions

3 Bedrooms 2 Bathrooms Interior: 1346 sqft

Description

Can't Hold a Candle...Whatever you've seen doesn't compare with this 3 BR-2 Full Bath Ranch. With it's Classic Brick Exterior, Magnificent Landscaping and Updates Galore! Newer A/C, Furnace, Water Heater, Updated Cabinetry, Appliances and Upgraded Flooring. Featuring Separate Formal and Family Dining Areas, Full Masonary Fireplace, Covered Front Porch and a Rear 24 x 13 Patio and above Ground Pool. See it Today as it may be gone tomorrow!

Still Seaching? We can Streamline your Search Results and get Currently available homes to you! In most cases you'll know before the Agents do! Click the Home buyers Scouting Report Button Below.

We look forward to working with you! Roland & Linda Hauhe (Hoy)

Photos

Features

• Bedroom Description Main Floor Master, Master Bdr. Suite
• Master Bath Descr. Full Bath
• Dining Separate Dining
• Kitchen Custom Cabinetry, Updated Kitchen
• Interior Decor Special Millwork, Open Floor Plan, Some Carpeting, Some Window Treatmnt
• Windows & Doors Some Tilt-In Windows, 6 Panel Door(s)
• Special Areas Family Room, Living Room
• Appliances Dishwasher, Disposal, Microwave, Range/Oven-Electric
• Disclosures Sellers Discl. Avail
• Amenities High Speed Conn., Above Ground Pool
• Miscellaneous Covered Porch, Deck, Patio, Utility Shed
• Cooling Attic Fan, Ceiling Fan, Central-Electric
• Sewer Public
• Heating Forced Air, Humidifier
• Water Softener None
• Cable Available Yes
• Water Public
• Heat Source Gas
• Water Heat Gas

Neigborhood Info

Area Facts - Schools - Crime - Population

Pine Woods Subdivision, St. Charles, MO 63304

Updated Throughout

$179,900 Location: 5 N Hillview Drive Saint Peters, MO 63376 Map and Directions

4 Bedrooms 3 Bathrooms Lot: 7,703 sqft

Description

If Condition Counts...You will want to see this better than-new 4BR, 3 Bath Split Level on a Tree Studded Professionally Landscaped Lawn. There's a Sun Drenched Family Room Opening to a Covered Lower Level Patio. Gas Fireplace, Covered Balcony Style Deck, Jacuzzi Tub and Workshop Area. This Home has Newer Appliances,Gutters,Fascia and Soffits, Newer Carpeting, Windows and Neutral Decor. It's Ready for your Family Young or Old with a Fenced Rear Yard and Lower Level Office. Easy Access from Major Interstates. Shopping, Dining within a few Blocks.

Still Seaching? We can Streamline your Search Results and get Currently available homes to you! In most cases you'll know before the Agents do! Click the Home buyers Scouting Report Button Below.

We look forward to working with you! Roland & Linda Hauhe (Hoy)

Photos

Features

• * Newer Carpeting - Ceramic Tille Flooring * Jacuzzi Tub - Newer Aplliances - Smooth Top Range - Built-In Microwave
• * Covered Balcony Style Deck - Cover Lower Level Patio * Professional Landscaping
• * New Garage Door - Opener - Workshop Area * Six-Panel Doors - Cathedral Ceiling - Updated Lighting - Recessed Lighting
• * Newer Tilt-In Windows - Gutter - Fasia and Enclosed Soffits * Coach Lights - Mature Trees - Peaceful Setting
• * Sidewalks * Close to Shopping, Dining with Easy Access to Major Interstates

Neigborhood Info

Area Facts - Crime - Schools - Demographics

Country Hill Farm

Investment homes:  Things to look for

Investing into real estate can be an expensive lesson.  Before deciding to attempt this for a business or hobby there is much research that needs to be done.  The type of business this requires is hard work, plenty of time and an abundance of money.  However, this type of venture can pay off enormously in the end.  The thrill of this type of dealing, buying, fixing and selling is a magnificent step.

As with any endeavor knowing as much as you can before you lay out cash is very beneficial.  When looking at the prospective home, look for anything that will need to be fixed or updated.  Bring a notepad and a pencil when viewing potential real estate and jot down any problems you see or any questions you have.  Inspect the house by flushing toilets, turning on lights, examine the floorboards, look for cracks or drooping ceilings, and check the plumbing and water faucets.  Explore everything plausible.  Once you find a home you're interested in, hire a house inspector.  The house inspector will give you an idea on how much it will cost you to fix up and resell.  Make sure to purchase your real estate in the best location you can afford.  Is it in a nice neighborhood, close to schools and shopping malls? Is there freeway access nearby?  Are homes selling quickly in this neighborhood?  Check with the local police department to get local crime rates. Do some research on the housing market, Understanding the type of houses people are looking for will help to have a better experience in what kind of market will sell.

Sentiment is a downfall in any business relationship.  Having a poker face at the correct time can save considerably in funds.  Remember, the end goal of an investment house is resale.  Loving the house personally will not make the house easier to sell.  Make very sure you have capital for this deal.  Invest the time and expertise of an appraiser.  What is the house really worth before and after renovation?  How much will renovations cost? Decide before hand by research and word of mouth, which would benefit you the most, resale or renting the home.  Inquire the help of professionals in this type of enterprise.  Find out their thoughts about problems you are facing.

There may be other types of monies involved that you have not thought of.  For one, property tax, before taking that plunge discover how much the yearly taxes are.  Different zones in diverse neighborhoods can be a drastic change in prices.  Not only should you check for yourself while overhauling the house but also safeguard the ones who will be buying this place in the future.  Some people inquire about taxes before they buy a home.  If the amount is extremely high they will pass it up for a more reasonable price. 

Do you plan on doing intense maintenance to the estate?  If so, you must look into building permits.  Will you be doing the renovation yourself, or hiring a reliable company to do it for you. The difference in cost may sway your decision. But be prepared, renovation can be hard work and you may need to hire someone in the end after all. This type of investment requires an ample amount of time and patience.  This is a very important fact. 

You can receive financial aid to help with the purchase of this investment, just as you would with a home you are purchasing for your family.  However, you need to think of the amount you are putting into this and how much you will be taking out.  If a loan lasts 30 years, can you pay it off and still have profit from the sale?  Maybe it would be wise to enlist the help of an accountant if dealing with figures is not your forte.  The whole idea of investing is earnings, so make sure that this will turn out to be a money maker.  The last thing you want to happen is to lose money.  No one enjoys flopping on an investment.  Take time and do research before jumping in to a resale home. Once your first investment home is restored and sold, you will be well on your way to making this a profitable business.

Looking for Investment Properties in St Louis? Contact: Roland & Linda Today

Ten Common Mistakes people make when buying a home

Buying a home represents the most significant financial decision most people will ever make during their lifetime.  From a person's first home, which often establishes the foundation for future home purchases, to the purchase of the home where they'll spend their senior years, there are definite pitfalls to avoid and suggested steps to take to assist one in making the right decisions.

One of the first mistakes people make is not getting pre-approved or pre-qualified by a bank or lending institution.  Sellers and their agents are often skeptical of a prospective buyer's ability to obtain a mortgage loan when the buyer has not been pre-qualified.  When choosing between two comparable offers, or when contemplating countering a buyer's offer, a seller will always look more favorably upon the pre-qualified buyer.

Employing the services of a realtor makes great sense, since navigating through the home purchase process is both complex and fraught with financial dangers.  However, as the buyer, you should have your own realtor who will be fully committed to representing your best interests, Make Your Best Move First by Contacting Roland & Linda before your start (314) 378-8287.  The seller's realtor will often favor the interests of the seller, with an eye to the commission involved.  Your agent will be inclined to do a "comparative market analysis", which will establish property values and selling prices of homes in the area of your targeted purchase.

Take your time!  It happens all too frequently that people rush into signing a contract to purchase a particular home and then for any number of reasons, regret their hasty decision.  Remember... if you enter into a contract to buy a home, your chances of rescinding that contract are very slim.  It doesn't help that you've found another home you prefer, when you're under contract to make a purchase you're expected to follow through and buy it.

In addition to finding a home they like better than the one they've contracted to buy, another reason people try to cancel a contract is that they realize too late that they've over-purchased.  The mere fact that you can qualify to purchase a particular property doesn't speak the full story.  Being "house poor" is the pits.  Putting the bulk of your earnings into your mortgage payment obviously detracts from your quality of life.  Things you used to enjoy, such as vacation trips, going out to dinner or splurging on an expensive piece of clothing will have to be curtailed. 

Some people have specific requirements for their dream home and unfortunately sometimes wait too long for that home to present itself.  While waiting for utopia, people pass up excellent homes that are good bargains and would fulfill a majority of their demands.  Also, in many cases, market prices and mortgage rates continue to rise.

The potential buyer should be aware that there are many types of mortgages being offered by lenders; therefore, they should explore all of their options before "locking in."  Interest only loans allow the buyer to pay only the interest on their mortgage for a period of usually up to five years.  This is an attractive option for young buyers who want to establish themselves in a home of their own, but have not reached their full earning potential.  Hopefully and assumedly, at the end of the prescribed 1-5 year period the buyers will be better able to meet full mortgage payments.  All other options should be explored as well.

Failing to require a comprehensive home inspection, or relying on the knowledge of a friend, is a penny-wise/pound-foolish thing to do.  The relatively minor expense of the full inspection is definitely cost-effective.  The inspection should include a review of electrical system, condition of the roof, plumbing, heating and air conditioning, septic system, water quality, etc. etc. etc.  This is a very important process that can save untold heartache in the future.

When selecting a home, don't forget that your quality of life in that home extends into the surrounding community.  Your new home can be a showplace, but if it's surrounded by run down properties and neighbors who don't fit into your preferred social structure, you aren't going to be happy.  Be sure that the school system meets with your approval; inquire about the crime rate and consider the quality of the stores and services available in the area. 

Sometimes it's hard to look into the future, but when buying a home it's good to think about resale value.  Not that this should be the final consideration, but when touring your prospective new home you should look for things that would be a deterrent to another buyer.

Finally, before signing the contract you should be aware of any restrictions imposed by your new community association.  Such restrictions can include: fencing guidelines, parking restrictions (no RV's in the driveway), no boats in the yard, landscaping requirements, and even certain occupancy restrictions.  Blindly buying into a heavily restricted community is a very common mistake.

The ten common buying errors mentioned here are by no means lists of things to avoid.  Buying a home should be done systematically and carefully.  Checklists are available from reputable realtors in your area and should be consulted and utilized throughout the searching and buying process.

If you are looking to purchase is the St Charles, St Louis area of Missouri, Contact Roland & Linda Hauhe (Hoy) if you have not signed a Buyers Agency Agreement with another REALTOR®