Tuesday, September 30, 2014

Be Quiet Chicken Little! Real Estate is Just Fine

Be Quiet Chicken Little! Real Estate is Just Fine



I'm busier than ever. Cash seems to have quieted down, when it come to other offers being submitted on properties my buyers place offer on. Some closing costs are being paid by sellers. Holidays are approaching and only the motivated are out and about looking.



Call me if you want a no nonsense way of real estate.

Tuesday, September 23, 2014

The Truth About Buying a Home: You DON'T Need 20% Down

The Truth About Buying a Home: You DON'T Need 20% Down



I have a lender that can get a 1/2% down loan for you. Call me for details.

"The Holidaze" are fastly approaching. Don't be put off by shopping for a home during the holidays, that is when you can find some of the best bargains.



Call me if you're looking for a new home, income producing or relocating.




Thursday, September 11, 2014

Getting A Mortgage: Why So Much Paperwork?

Getting A Mortgage: Why So Much Paperwork



We are often asked why there is so much paperwork mandated by the bank for a mortgage loan application when buying a home today. It seems that the bank needs to know everything about us and requires three separate sources to validate each and every entry on the application form. Many buyers are being told by friends and family that the process was a hundred times easier when they bought their home ten to twenty years ago. There are two very good reasons that the loan process is much more onerous on today’s buyer than perhaps any time in history.The government has set new guidelines that now demand that the bank prove beyond any doubt that you are indeed capable of affording the mortgage. During the run-up in the housing market, many people ‘qualified’ for mortgages that they could never pay back. This led to millions of families losing their home. The government wants to make sure this can’t happen againThe banks don’t want to be in the real estate business. Over the last seven years, banks were forced to take on the responsibility of liquidating millions of foreclosures and also negotiating another million plus short sales. Just like the government, they don’t want more foreclosures. For that reason, they need to double (maybe even triple) check everything on the application.However, there is some good news in the situation. The housing crash that mandated that banks be extremely strict on paperwork requirements also allowed you to get a mortgage interest rate probably below 5%. The friends and family who bought homes ten or twenty ago experienced a simpler mortgage application process but also paid a higher interest rate (the average 30 year fixed rate mortgage was 8.12% in the 1990’s and 6.29% in the 2000’s). If you went to the bank and offered to pay 7% instead of <5%, they would probably bend over backwards to make the process much easier.Bottom LineInstead of concentrating on the additional paperwork required, let’s be thankful that we are able to buy a home at historically low rates.



Call me... I have a couple great lenders, that will get you the best possible rate.

Sunday, September 7, 2014

Military Buyers ...Let me help you!

I just finished assisting another VA Buyer purchase their first home. I also helped another VA Buyer with refinancing, from a lender that was going to charge the homeowner way too much.
I can $AVE you money...just let me.
 
 
 
 
 
 
Call me today... to see how you qualify.

Friday, September 5, 2014

The Cost of Renting vs. Buying [INFOGRAPHIC]

The Cost of Renting vs. Buying [INFOGRAPHIC]



Call me if you need any help getting financing for your home purchase.