New York City Classifieds
Monday, August 10, 2009
Saturday, June 6, 2009
First - Time Home Buyers
5 Common First-Time Home Buyer Mistakes
1. They don't ask enough questions of their lender and end up missing out on the best deal.
2. They don't act quickly enough to make a decision andsomeone else buys thehouse.
3. They don't find the right agent who'swilling to help them through the home buying process.
4. They don't do enough to make their offer look appealing to a seller.
5. They don't think about resale before they buy. The average first- time buyer only stay in a home for four years.
1. They don't ask enough questions of their lender and end up missing out on the best deal.
2. They don't act quickly enough to make a decision andsomeone else buys thehouse.
3. They don't find the right agent who'swilling to help them through the home buying process.
4. They don't do enough to make their offer look appealing to a seller.
5. They don't think about resale before they buy. The average first- time buyer only stay in a home for four years.
FHA Loans:
Are you in the market for a new home? This maybe the time to purchase that home. A new Federal Housing Administration program will let first- time home buyers use their $8,000 tax credit for down payments or closing cost.
Read more about it at:
What's Going On With Mortgage Rates?
After speaking with my mortgage guru Dale Biaggi of Land/Home Financial Services INC. http://www.lhfinancial.com/ can reach him at dale@landhomeca.com
May 27, was the worse day for mortgage rates in a very long time. Fannie Mae pricing increased six times in oneday alone. Fannie Mae 30 year fixed rate jumped from 4.75% to 5.50%. Right now rates are in the range of 5.250% to 5.75%.
Don't get scared it is still a great time to purchase a home. Here are a few reasons why!
* First time homebuyers tax creditof $8,000
* Lowering Housing Prices
* There is a larger numbers of FHA lenders
* There is a lots of REO and Short Sale properties
* Rates are still at low
Take advantage of low rates. As always if you need help with your new home purchase contact S.A.C. Properties at info@s-a-c-properties.com
May 27, was the worse day for mortgage rates in a very long time. Fannie Mae pricing increased six times in oneday alone. Fannie Mae 30 year fixed rate jumped from 4.75% to 5.50%. Right now rates are in the range of 5.250% to 5.75%.
Don't get scared it is still a great time to purchase a home. Here are a few reasons why!
* First time homebuyers tax creditof $8,000
* Lowering Housing Prices
* There is a larger numbers of FHA lenders
* There is a lots of REO and Short Sale properties
* Rates are still at low
Take advantage of low rates. As always if you need help with your new home purchase contact S.A.C. Properties at info@s-a-c-properties.com
Saturday, May 16, 2009
Searching For Properties?
If your looking for properties check out this website. Here you will be able to search for properties in the New York, New Jersey area.....
http://www.searchingnyproperties.com
Have fun!
http://www.searchingnyproperties.com
Have fun!
First Time Home Buyer Questions Answered!
Thinking of buying your first home? But you have so many unanswered questions? Can I really afford a home? How can I find out how much I can afford? How do I start? Here are a few answers to your questions read the article below and check back for more answers to you questions:
New Apprasial Ordering Process
Starting May 1, 2009, no one involved in the mortgage process is permitted to select their own appraiser and are not permitted to tell the appraiser what value we need..... No one is permitted to ask an appraiser what he "thinks" the value may be befoe we order an appraisal for refinance.
This is not so bad for new purchases, because we must provide a copy of the contract. But for refinances there is no contract. There is no way to check values before spending the money on the appraisal. Most seasoned mortgage professionals have sites they can go n to get around about idea of values, but again there is no way to get the tru value with out spending money...
The new guidelines applies to Fannie Mae and Freddie Mac loans. It does not apply to FHA and some bank loans.....
Need a seasoned mortgage professional contact:
Dale Biaggi
Sr. Mortgage Consultant
Land Home Financial Services
Office: 800-648-2901
Cell: 831-600-6895
Email: dale@landhomeca.com
This is not so bad for new purchases, because we must provide a copy of the contract. But for refinances there is no contract. There is no way to check values before spending the money on the appraisal. Most seasoned mortgage professionals have sites they can go n to get around about idea of values, but again there is no way to get the tru value with out spending money...
The new guidelines applies to Fannie Mae and Freddie Mac loans. It does not apply to FHA and some bank loans.....
Need a seasoned mortgage professional contact:
Dale Biaggi
Sr. Mortgage Consultant
Land Home Financial Services
Office: 800-648-2901
Cell: 831-600-6895
Email: dale@landhomeca.com
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