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Blog Archive for January, 2012

New Year, New Home

Categories: Credit and Lending, Featured, Neighborhood News | Posted: January 3, 2012

Open the door to a Brand New Year!

Have you been thinking about a new home for a long time?  Have you watched interest rates and home prices drop?  Have you noticed that home prices are now rising?

We are at the beginning of the upswing in pricing for Real Estate in our area.  Guess what else is happening?  Loan costs are on the rise too.  That means both interest rates and mortgage insurance premiums will be higher on FHA loans.  What does that mean to you?  Move quickly!  Claim your inventory home and lock in your rate and current MIP rates before they skyrocket at the end of this month.  This could save you thousands of dollars over a 30 year loan.

 It’s a New Year.  Don’t you deserve a New Home?

Shocking!

Categories: Credit and Lending, Featured | Posted: August 11, 2011

To qualify for the $878/mo payment on this home, you only need to bring home $3000/mo Before Taxes!

After all of the gloomy predictions about what a downgraded credit rating will do to our economy I was shocked to learn today that many of our recommended lenders are offering a 30 year fixed rate loan at 3.75%.  Crazy!  Just a few weeks ago rates were hovering around 5%.  What does that mean to you?  On a 30 year fixed rate FHA loan for $120,000 your payment at a 5% rate including Taxes, Insurance, Mortgage Insurance and Interest is around $1065/month.  At 3.75% that number drops below $1000/month to a shocking $979/month!  If you buy our least expensive home, priced at $99,490, your payment becomes $812/month.  Why would you not buy today?  With prices and rates so low, you can’t miss this opportunity to invest in your future!

Link to 8825 Highland Orchard, pictured above.