wausau real estate: Where are all of the Buyers? - 06/19/09 04:32 AM
How many Buyers are discouraged when they talk to a Lender and are told that a 20% down payment and a mid 700 credit score is required to obtain a loan?  I wonder if any of these Buyers have the courage to get a "second opinion" or if the humiliation causes them to disappear from the buying pool indefinitely.  The FHA Loan Program and Rural Development Loan Program offer excellent opportunities for Buyers, with more modest credit scores, to purchase a home at a time when interest rates are lower, home prices are reasonable and the $8000 First Time Home Buyers Tax Credit is available.  The FHA Loan Program requires only a 3.5% … (4 comments)

wausau real estate: Open House Saturday, February 21, 2009 1:00 PM to 2:30 PM - 02/18/09 07:04 AM
Built by Allen Wanta, this is the Builder's personal home offered for sale for the first time. Exquisite quality and craftsmanship make this Weston ranch home truly unique. Exterior details include stone façade, arched windows, covered entry, cement board siding, covered deck off mater bedroom and professional landscaping with in-ground sprinklers. Sitting graciously on a nearly ½ acre lot, the scale of this home and its presence within one of the Wausau areas most beautiful subdivisions must be seen. The design elements of this home combine the best of spaciousness and intimacy with much of the design work done by Scotties … (0 comments)

wausau real estate: Open House Saturday, February 21, 2009 10:30 AM to 12:30 PM - 02/18/09 04:50 AM

Exquisite home with European Country design elements, infused with a modern twist, is situated on nearly five acres with the Plover River running through the entire property. A lofted 1 1/2 story features a large landing, which overlooks a luxurious living room and dining room with french doors, which lead to a nice backyard deck. Stunning vaulted ceilings are accentuated with tongue and groove cedar and cedar beams. Large kitchen with huge center island is a chefs dream. Spacious mudroom includes a nice laundry area. The lower level offers a wet bar, huge family room and a media room which … (0 comments)

wausau real estate: Tour 3 Great Wausau WI Homes in One Day $94,900 - $149,900 - 02/02/09 10:32 AM
Saturday, February 7, 2009 10:00 a.m. - 11:30 a.m. $94,900
1009 Stark Street, Wausau East Dir.: Franklin Street, to North 10th Street North, to Stark Street East to home. Delightful 3 bedroom Cape Cod Home features hardwood floors, beautiful masonry fireplace, fresh paint, updated bathroom, new 100 amp electric service, 2 car garage and maintenance free exterior. Large lower level rec room would be ideal for a media room. Large unfinished 1/2 story with tongue and groove flooring may allow for future expansion. Rick Mullen, Realtor (715) 212-1489
Saturday, February 7, 2009 12:00 - 1:00 p.m. $149,900
821 Steuben … (0 comments)

wausau real estate: Financing a Mortgage by a Family Member Part 3 of 3 - 01/22/09 04:20 AM
If first mortgage financing by a family member makes sense in your particular case, a first mortgage may be drafted by either a title company experienced in drafting first mortgages or a Real Estate Attorney.  It is important that both the Mortgagee ("the bank") and Mortgagor (the borrower) discuss issues of non-performance and remedies for non-performance in advance.  The Mortgagee may wish to disallow the taking of a second mortgage on the property to further protect their first mortgage position as well as to require that the monthly payments include property tax payments into an escrow account.  To protect the Mortgagee, most mortgages … (0 comments)

wausau real estate: Financing a Mortgage by a Family Member Part 2 - 01/19/09 03:39 AM
Financing a home through a family member may have pitfalls.  To simply and securely make arrangements for a family member to finance a new home purchase or refinance an existing home, it is critical that you utilize a professional Real Estate Agent and/or an Attorney and a title company that offers expertise in family member financing.  If you consider the family member as "the bank/Mortgagee" it will be easier to determine which factors are important in your transaction.  Family members should be careful not to take shortcuts and to treat their transaction just as they would if the transaction was taking place with a non-family member.  Just like in a regular transaction, the Mortgagee/family … (0 comments)

wausau real estate: Financing a Mortgage by a Family Member - 01/15/09 04:12 AM
Clients of mine were contacted by their parents to determine if they would be interested in working out an arrangement for their parents to carry the first mortgage on their home.  The parents are retirement age and felt that they would like to minimize their risk in the stock market by investing in more secure products.  They found that bonds and certificates of deposit failed to pay a return that would work for them.  My Clients agreed to allow their parents to hold the mortgage.  The parents became the Mortgagee and their Children became the Mortgagor.  At an interest rate of 5% on a $120,000 mortgage, amortized over … (7 comments)

 
Rick Mullen (First Weber Group Realtors)

Rick Mullen

Wausau, WI

More about me…

First Weber Group Realtors

Address: 1818 Grand Avenue, Wausau, WI, 54403

Office: (715) 842-0811

Mobile: (715) 212-1489

Email Me



Links

Archives

RSS 2.0 Feed for this blog