Attitudes about homeownership

 

Attitudes about homeownership

 

Ready to make the move?

Housing needs change as life goes on, you will need someone that can serve your home financing needs. So when you plan to buy a home, you should rely on someone you know can help you plan effectively, purchase confidently and own successfully.

 

Opportunity is knocking - LOUDLY!

While the Spring has been the best time to buy - the Fall historically has been a close second.

If your time has come for you to buy either your next home OR, your first home, your timing couldn't be better! Many areas of the country are experiencing lower home prices, or mortgage interest rates remain near historical low levels. You may be able to find an attractively priced property that is move in ready.

 

 

Attitudes about homeownership remain positive!*

• National survey results confirm owners and renters agree owning a home is a smart decision over the long term.
• 95% of owners surveyed believe that over a period of several years, it makes more sense to own a home.
• 72% of renters surveyed agree.
• 93% of owners surveyed would buy again.
• 63% of renters surveyed said they are at least somewhat likely to purchase a home in the future. * National Association of Realtors

More then ever, in today’s market it is extremely important to have an informed, Savvy REALTOR who knows and understand this market.  

   - Contact me - (click below)                                                             

Theodore “Ted” Corbett when BUYING a Home or SELLING your Home! 

 

 

 



Top Home Buying Myths

 

 

Top Home Buying Myths

There are many misconceptions about the home-buying process.  To help set the record straight, here are some common myths; Many myths are created by "Haters", those that just hate your drive, your motivation and just your successful ways. THEN, it's those myths that have been around for years and are just plain false, not true, YET, often cause well intentioned, motivated and would-be HOMEOWNERS  enough caution to not move forward!

Myth #1:  You don’t need a Realtor.

Before you bravely take on one of the biggest purchases or sales of your life, remember this: it’s not as easy as it looks.  Realtors know all the ins and outs of the local area as well as the market in which you’re looking to buy or sell.  Picking up the phone and calling a Realtor may be one of the best decisions you’ll make.

Myth #2:  The bigger the down payment, the better off you’ll be.

Buyers’ immediate reflex is to put as much cash down as they can when buying a new home because they’ll borrow less, lower the monthly mortgage payments, and won’t need to buy mortgage insurance.  However, putting 20% down is not a requirement and it’s not for everyone.
Thanks to Federal Housing Administration Loans (FHA Loans), you can put as little as 3.5% down.  With this method, you’ll potentially have a lower interest rate, giving you more flexibility.  Your money is not all tied up in your house like in a traditional down payment that can leave you with little or no extra cash to spend on home care, improvements, or any other unforeseen circumstances.

Myth #3:  Appraisers set the value of a home.

The role of the appraiser is to produce a credible opinion of value that reflects the current market.  Appraisers are not responsible for setting the value of the home and they also do not confirm a home’s sale price.

Myth #4:  You need perfect credit.

Most people assume that you must have absolutely golden credit in order to get a loan, but that just simply isn’t the case.  If buyers have less than perfect credit, lenders are often willing to work with them to get the best possible loan.
Credit is not the only thing that lenders look at when deciding to approve a loan, but your score will have an effect on the interest rate on your mortgage.  Make sure you review your credit report and if any errors are found, they should be reported to the credit reporting bureaus before applying for a mortgage.

More then ever, in today’s market it is extremely important to have an informed, Savvy REALTOR who knows and understand this market.  

   - Contact me - (click below)                                                             

Theodore “Ted” Corbett when BUYING a Home or SELLING your Home! 

 

 

 

 

Is Foreclosure in Your Future, and what can be done about IT!

Is Foreclosure in Your Future, and what can be done about IT!

 

 

If you’re behind on your mortgage, or having a hard time making payments, you need to get you in touch with a HUD-approved housing counselor — they’ve been sponsored by the U.S. Department of Housing and Urban Development. Your counselor can develop a tailored plan of action for your situation and help you work with your mortgage company. They’re experienced in all of the available programs and a variety of financial situations. They can help you organize your finances, understand your mortgage options, and find a solution that works for you.

 

Please be advised, if anyone tries to charge you in advance for help or guarantees that they can stop your foreclosure, they’re not legitimate.

 

You can click on the link below to get a list of:

HUD-Approved Counseling Agencies in your area.

 

 

The above information was provided through the Consumer Financial Protection Bureau, which is part of our Federal Government and can and will be a tremendous help to you in times of possible foreclosure. CFPB’s “mission is to make markets for consumer financial products and services work for Americans — whether they are applying for a mortgage, choosing among credit cards, or using any number of other consumer financial products.”

 

The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) established the CFPB.

 

Contact me - (click below)                                  

Theodore “Ted” Corbett when you want a full service REALTOR!!!

 

Also Visit my website:

www.corbettmarketing.com

 

Is Foreclosure in Your Future, and what can be done about IT!

Is Foreclosure in Your Future, and what can be done about IT!

 

 

If you’re behind on your mortgage, or having a hard time making payments, you need to get you in touch with a HUD-approved housing counselor — they’ve been sponsored by the U.S. Department of Housing and Urban Development. Your counselor can develop a tailored plan of action for your situation and help you work with your mortgage company. They’re experienced in all of the available programs and a variety of financial situations. They can help you organize your finances, understand your mortgage options, and find a solution that works for you.

 

Please be advised, if anyone tries to charge you in advance for help or guarantees that they can stop your foreclosure, they’re not legitimate.

 

You can click on the link below to get a list of:

HUD-Approved Counseling Agencies in your area.

 

 

The above information was provided through the Consumer Financial Protection Bureau, which is part of our Federal Government and can and will be a tremendous help to you in times of possible foreclosure. CFPB’s “mission is to make markets for consumer financial products and services work for Americans — whether they are applying for a mortgage, choosing among credit cards, or using any number of other consumer financial products.”

 

The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) established the CFPB.

 

Contact me - (click below)                   

Theodore “Ted” Corbett when you want a full service REALTOR!!!

 

Also Visit my website @

 

www.corbettmarketing.com

SHORT SELLERS AND THOSE IN FORECLOSURE ARE NOT THE SAME!!

SHORT SELLERS AND THOSE IN FORECLOSURE ARE NOT THE SAME!!

For some time now, many short sellers were treated the same as homeowners that foreclosed when applying for a mortgage.  Due to a credit coding issue that lumped short sellers into the same category as a foreclosure, the waiting period for loan approval was extended substantially.  This forced millions to put their dream of participating in homeownership again off to the distant future.  With interest rates climbing, and the real estate market improving, the increased future cost for purchasing would seem more of an obstacle down the road. 

But new policy changes could bring more options starting in November.  After Sen. Bill Nelson focused on bringing this coding error to the FTC and the Consumer Financial Protection Board, things started to change. 
"This is the nature of the evolution of this business," says Fannie Mae spokeswoman Keosha Burns. The agency will input the new software into its computer system on Nov. 16. After that, if a short sale is marked as a foreclosure, the new code will allow the loan servicers to bypass it, correct it and move forward with the loan. Short sellers should speak with their bankers about the new options for homeownership, what the qualifications will be, and whether the state of their credit needs improvement. 

More then ever, in today’s market it is extremely important to have an informed, Savvy REALTOR who knows and understand this market.  

   - Contact me - (click below)                                                             

Theodore “Ted” Corbett when BUYING a Home or SELLING your Home!