baton rouge real estate: Buy Now to Beat the FHA Clock
- 01/21/10 08:32 AM
Prairieville buyers have plenty of reasons to buy a great house in Ascension Parish or anywhere in the Greater Baton Rouge areas. After all, homes are plentiful and well priced, the interest rates are low, and of course, the home buyer's tax credit is in effect through April 30. Yesterday, the FHA made an announcement that impacts anyone who buys after the tax credit has expired. The best advice to potential home buyers is to buy now, if you can can to beat the FHA clock. FHA has always been a good financing option if you less downpayment in hand … (2 comments)
baton rouge real estate: So Now You’re a Baton Rouge Homeowner!
- 01/13/10 05:16 AM
When you become a homeowner who just made one of the most expensive purchases in your life, you are starting out on an exciting new adventure. You just bought a great home in Baton Rouge, Prairieville, or a nearby city and you are now surprised to realize that you are pretty much on your own in learning to be a homeowner. If a major system goes wrong, you may have recourse, especially if you have a homeowner's warranty, but that's only one of the challenges. Here are some tips to keep in mind to help you make the transition. When … (0 comments)
baton rouge real estate: Driving Tips for Ascension Home Buyers
- 12/28/09 04:52 AM
As part of the Midwest celebrated Christmas or its aftermath with snow, Ascension Parish and the surrounding area was pelted with so much rain that some roads remain flooded today. With the kids out of school, holiday gifts to exchange, and homes to buy, no one wants to be inconvenienced or endangered when out on the road. Here are some timely tips for driving in wet weather issued by Ascension Parish in mid-December. First, check for updates on the Ascension Parish website or local TV or radio stations on the status of local roads. If your destination is the midst of … (2 comments)
baton rouge real estate: Home Buyer's Tax Credit Offers New Hope to Sellers
- 11/23/09 05:16 AM
Even in Greater Baton Rouge where home prices have not fallen as much as elsewhere, some who would like to move have put their plans on hold until things are a little better for sellers. In a buyer' s market, a real estate agent often has to deliver the bad news that the seller has to lower their asking (and selling ) prices a bit to be in line with the market. The new Home Buyer's Tax Credit promises to shake things up for sellers as well as buyers. The Home Buyer's Tax Credit offers you a chance to reassess your … (0 comments)
baton rouge real estate: Baton Rouge Area Economy Growing in the Midst of Recession
- 11/17/09 12:38 PM
Business Week recently named Baton Rouge one of the U.S. Metro's Least Touched by Recession as well as placed it as No. 8 on the magazine's list of Top 10 Metros in the U.S. Based on a Booking's Institute's assessment of the economic health of 100 cities with populations over 600,000. Baton Rouge fared well in the four areas studied: job growth, gross metro product, unemployment change, and home price change.
As the capitol of Louisiana, Baton Rouge has a stable base of government employment plus a strong, expanding energy sector and a strong educational sector. In the wake of Hurricane … (2 comments)
baton rouge real estate: Basics of the Newly Revised Home Buyer Tax Credit for Greater Baton Rouge Buyers
- 11/09/09 08:34 AM
As you may have read in our recent blog Put on Your Shopping Shoes, Ascension Home Buyers!, the homeowners tax credit has not only been expanded but been made better. Greater Baton Rouge, including Ascension Parish and East Baton Rouge Parish, have economies that are doing better than many places and so offer a stable place to settle. If take a look at the pictures in we include here, you will notice that the area is also a beautiful place to call home.
Who is eligible for this tax credit?
First home buyers and repeat buyers are eligible for … (2 comments)
baton rouge real estate: Finding an Affordable Prairieville Home
- 06/14/09 07:21 AM
After the problems of the last few years, new home buyers are encouraged to buy "affordable homes," a very attainable goal in the Ascension - East Baton Rouge area. Five years ago, lenders encouraged home buyers to stretch the definition of what was affordable to a figure far in excess of the traditional formula: buy a home valued at three times your annual household income. The emphasis was put on the monthly payment, which is one reason why people who should have bought $200,000 homes were buying $400,000 home because some crazy mortgage packages made their payment "affordable" until the interest … (0 comments)
baton rouge real estate: Counting the Costs for Your New Baton Rouge Home
- 05/25/09 03:09 PM
In most parts of the country, Spring is officially home buying season. This year, potential first time Baton Rouge home buyers have plenty of encouragement to buy. The media emphasizes that it is a "buyer's market." Also, the government is offering an $8,000 tax credit which is a great incentive to take the plunge, even at though the moment, this credit cannot currently be used as part of the downpayment. (On May 14, HUD Secretary Shaun Donavan recently indicated this might be changing,) If you want to buy a home, how should you proceed? Even with incentives, a smart buyer needs … (0 comments)
baton rouge real estate: Tougher PMI Requirements Increase Popularity of FHA Financing
- 05/15/09 12:12 AM
In assessing the costs of homeownership, one thing most prospective buyers must put into the mix is the cost of Private Mortgage Insurance, known as PMI. This insurance, underwritten by private companies, is usually required by your lender if you obtain a loan for more than 80% of your home's value. Some lenders who carry their own notes bypass this requirement, but loans sold to Fannie Mae or Freddie Mac must have this insurance included in the mortgage payment. PMI protects lenders against loss if you default on your loan and enables you to purchase a home with less down. If … (2 comments)
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