real estate: Missing Down Payment Money
- 06/01/09 07:16 AM
You need a lender who knows how to work with cities who have down payment money. There is local money available, as well as the National Stabalization plan from the Federal Govenment. Programs vary by city or county but have the money your clients need to buy that home. It's a pretty simple process dependent on income, counseling time, and credit. You don't even need a home picked out before you apply. A good loan officer will help you get the necessary paper work together for your client to apply. The National Stablization program offers higher income levels but has strict … (0 comments)
real estate: Mike and Anna get an $8000 Bonus
- 05/04/09 08:26 AM
Mike and Anna had always rented when they decided to contact me about buying a home. They wanted to see if they could get one of these fantastic home deals. We went right to work and in a few weeks we found a great home just right for them. Mike and Anna were lucky enough that Mike's parents gifted him the down payment amount. We also had negotiated with the seller to pay all the closing costs, so they had no money to put down. The payment was just right for the two of them, just a $100 more than their … (0 comments)
real estate: Good News Banks Are Doing a Gentle Rate Increase on Adjustable Mortgages
- 06/03/08 11:03 AM
I would make lots more money by telling you to refinance right away but I am going to suggest the following instead. Is your mortgage interest will be adjusting in the next 6 months. If you are one of the many people who bought at the height of the market and your property is worth less today, there is good news from many banks. Many of the lenders are gently raising the interest rates by small amounts so payments are going up by only $50-$70 not $100s. So instead of trying to refinance, having to bring in money to make up the difference … (0 comments)
real estate: Keep Flushing Your Money Down the Toilet! What a Rip Off!
- 05/19/08 09:47 AM
Keep Flushing Your Money Down the Toilet! Wait another year to Buy a House. A year from now the housing prices may have dropped and as the economy recovers the interest rates rise so look at this example. EXAMPLE Today Cost in 12 Months $218,900 Typical House Price $197,010 Put 20% down and get a 30 year fixed rate mortgage If prices drop 10% 5.5% Interest Rate 6.0% Interest Rate Sample Current Rate Market recover Rate Rise! 5.686% APR 6.203% APR $994.31 Monthly Payment $994.94 Wait a year to buy and you end up savings NOTHING! and spend a year living in someone else's home. Do … (0 comments)
real estate: Buyers Don't Blow your Chances of Getting a Bargain Price!
- 05/15/08 12:23 PM
Buyers Don't Blow your Chances of Getting a Bargain Price! The real estate market is really improving and so the bargains will start to slow and then one day just disappear. Don't get caught waiting for the bottom of the market because I can guarantee you will miss that day. All you need to do is look at the numbers: MARICOPA COUNTY Arizona - UP 14% from March in overall sales PENDING SALES have increased steadily from February to March - 12%, 18% & 18% respectively Look at these stories. Several realtors are in BIDDING wars raising prices on the West Side of Phoenix … (5 comments)
real estate: Home Sellers Face Your Biggest Fears and 2 Hidden Dangers
- 05/01/08 10:26 AM
Fear that you will sell too at low a price and look like an idiot to friends and family Seeing your house as everyone's dream home and forgetting it's only your dream home. Danger #1 - The price of you property keeps dropping while you wait to sell The current market situation - home prices are dropping monthly in most locations As a smart seller you know that price is the key to selling and you want a certain price. I understand how you feel, I had another seller who felt the same way but they realized that if they sold quickly at a … (1 comments)
real estate: Home Buyers Face Your Biggest Fear
- 04/10/08 07:52 AM
Why are buyers all sitting on the fence waiting? Fear of the Unknown - Home Prices will totally crash after I buy - As a smart buyer you know that prices are currently dropping. I understand how you feel, I had another buyer who felt the same way but they realized that if they buy now and stay in the home for a few years prices will be about the same or better. They knew they were making the great choice because they had to live somewhere and wanted the privileges and enjoyment of their own home. They boosted their monthly income because … (3 comments)
real estate: What a great time to get a Dream Home at a Bargain Price
- 04/04/08 11:54 AM
Imagine getting the home you wanted at a reduced price! That's what's happening in the Phoenix Metro area today. Not only are their bank owned homes, but short sales and even sellers being competitive in pricing. Smart buyers are seeing that this is the time to begin looking for the dream home with a bargain price. Prices are the lowest they have been in 3 years. If you begin your shopping now it will cause you to get a great price on the home you want. You now have big buying power don't miss this great time. Its important to get … (0 comments)
You need a lender who knows how to work with cities who have down payment money. There is local money available, as well as the National Stabalization plan from the Federal Govenment. Programs vary by city or county but have the money your clients need to buy that home. It's a pretty simple process dependent on income, counseling time, and credit. You don't even need a home picked out before you apply. A good loan officer will help you get the necessary paper work together for your client to apply. The National Stablization program offers higher income levels but has strict … (0 comments)
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