Portland Real Estate Update by Janeese Jackson » Janeese Jackson

May 2012 Portland Metro Real Estate Update!!!

Janeese Jackson — Fri, 18 May 2012 23:40:18 +0000

Leonard Cohen – “Hallelujah”

May 2012 Portland Metro Real Estate Update!!

Hallelujah!! x2 might I add!! Not only do we have sunshine in the greater Portland metro area but we are having some kind of frenzy in our real estate world. We’ve been watching this progress through March and April. The continued shortage of “good inventory”, pricing diminished by the last few years of financial unrest, the obvious resurgence of faith in our local economy combined with the low, low interest rates have pulled home buyers back into the marketplace. This is producing many multiple offer situations with well-priced, good-condition, staged properties in desired locations. Example: close-in southeast neighborhood..my buyer is one of 20 offers and makes a cash offer, $7k over sales price and we weren’t even in the top 3!!!??? So, of course, our RMLS statistics (Residential Multiple Listing Service) shows definite improvements over this time last year in both pending and closed sales. In fact, with the exception of March and April of 2010, which were impacted by deadlines for the “First-Time Homebuyer Tax Credit”, the number of pending sales is higher than any month since August 2007!! And, remember if you look at the historical stats for the Portland metro area, March 2007 was supposedly the height of our local market. We are now down to 4.7 months of inventory, which puts us in a “modified sellers’ market”. Why do I say modified? Well, because it’s all about value to today’s buyer. So, it’s CRAZY but not yet “certifiably” crazy. In other words, it’s still all about price! I can’t emphasize it enough. If you think I’m kidding, ask yourself (with the low inventory) why your house hasn’t sold??? I can tell you it’s NOT because there are not buyers out there. It’s because you’re not yet priced to tantalize the motivated (but, not yet “certifiably” crazy) buyer!! No one wants the hear the truth, but there it is!!! This is not just happening in the Portland market, a recent Bloomberg report shows that 1/2 of US cities have seen price appreciation as the real estate market stabilizes. All of this demands continued faith in our economy (and that Greece and the Euro doesn’t take us to our knees…remember it IS a “world economy” now!).

SELLERS: What does this mean for sellers? There ARE buyers and, actually, quite a few of them out there. Do the absolute best you can to get your house as “show-ready” as possible (and I am SO sympathetic). If you are in an equity position to sell, then don’t get greedy. This is a competitive sport and price accordingly. I never like to leave $$$ on the table and I try, try, try to squeeze every cent out of the possibilities. However, you need to try to react quickly to the lack of offers. The home sitting on the market does NOT increase your chances for “success”!! My first training broker (in 1985) told me that the longer the house sits on the market the more the ultimate sales price is compromised. And, all I can say is my years of experience corroborates this tidbit!!! If you think there’s some marketing magic…I’m here to tell you there is not (although, your property does need to be everywhere on the web). It’s plain and simple: price and exposure!

BUYERS: What does this mean for buyers? Yikes! All I can say is that if the banks would lend me more money, I would buy more properties!!! Most of my reading lends me to believe that the interest rates will continue to be low for awhile (some say till 2014). However, my 27 years in this business makes me know that interest rates can change quickly and leave you in the dust. But, I would be less concerned about interest rates right now and more concerned about inventory and pricing. Because if the inventory continues to be as low as it is now, pricing will be forced up. It’s “supply and demand” and it’s pretty simple!! If you want to buy at the “bottom of the market”, you could be too late. But, I’d get in there!!!

INVESTORS: What does this mean for investors? More of the same. It’s still a challenge to get financing if you own more than 4 properties. It can be done, but could mean a higher interest rate or larger down-payment. So, that makes finding a “cash-flow” property more of a challenge but not impossible! If you’ve yet to diversify your financial portfolio and have less than 4 properties, I would just think about it! Talk to your CPA or accountant, talk to your mortgage broker or lender and talk to your real estate agent. Talk is cheap (sometimes free). It could be a great fit for building wealth and passive income for retirement.

Janeese Jackson

Selected by Portland Magazine as a 2011 and 2012 Five Star Realtor

Tax Saving Strategies Utilizing a 1031 Tax-Deferred LEGAL Exchange!!!

Janeese Jackson — Tue, 15 May 2012 17:56:21 +0000

“There’s Taxes Everywhere” – Matt Cline

reprinted from the First American Title Company Exchange Newsletter! Remember: having a strategy for your investment properties, 2nd homes and even re-thinking your primary residence could save you big bucks on the tax front. Just something to think about…..

Tax Saving Strategies Utilizing 1031 Exchanges

The 1031 tax deferred exchange is widely known and utilized by investors to defer capital gains tax when selling and buying investment property. To qualify under IRC Section 1031 the basic requirements to maximize your tax-deferral are:

Acquire “like-kind” property to be held for investment or productive use in a trade or business;
Identify replacement property within 45 days of closing the relinquished property;
Reinvest all your cash and acquire replacement property(ies) of the same value or more 180 days from the first closing; and
Use a qualified intermediary to meet the safe harbor.

There are however, additional tax savings that are not as widely known that can be beneficial when it comes to selling your primary residence or vacation/second home. A few of the strategies are briefly described below and when properly executed can help you save tax dollars.

Personal Residence To Rental

When a personal residence is sold, IRC section 121 allows for capital gain tax exclusion of up to $250,000 if a taxpayer is single and $500,000 if a taxpayer is married, as long as the residence has been owned and personally used by the taxpayer for an aggregate of two of the preceding five years before the sale. Although this amount is generous, what if you have more gain than the exclusion allows? Rev. Proc. 2005-14 provides guidance for a way to combine Section 121 and Section 1031 to defer taxes on all of the gain.

For example: Rick and Sue a married couple purchased their home for $100,000 20 years ago and it is now valued at $1 million, the taxable gain is $900,000. Upon the sale, the couple would receive their $500,000 exclusion but taxes would be owed on $400,000 of gain. However with the proper tax advice and planning, they could move out of the property and convert it to a rental for a period of time, then they could exclude $500,000 tax free at closing under Section 121, and then perform a 1031 exchange by purchasing an investment property for $500,000 to exclude the remaining $400,000 of gain!

Now they have excluded or deferred all their taxable gain and they own an investment property that could possibly bring them income and/or appreciation.

Converting Investment Property To Primary Residence

Another tax saving strategy that can be utilized with a 1031 exchange is converting investment property you own to your primary residence. Let’s say that Rick and Sue in the example above exchanged into a rental house. They rented the property for two years (per their tax advisor) and then moved into it converting it into their primary residence. Since they acquired the property in a 1031 exchange and then converted it to their primary residence, they must own the property at least five years before being eligible for the 121 exclusion.¹ Additionally if they acquired the property in the exchange after January 1, 2009 federal law limits the amount of gain that can be excluded when selling a house used as a primary residence if the house was also used as a rental.² While they may not receive the entire $250,000/$500,000 exclusion, they will still reap the benefits of tax savings.

When considering this strategy consult with your tax advisor regarding your specific circumstances to determine the tax free benefits.

Qualifying Vacation Homes For 1031 Treatment

Many properties are owned as vacation homes, and a common area of confusion has been whether or not a vacation home qualifies for a 1031 exchange. In 2008 a revenue procedure was issued that provides a safe harbor for vacation homes.³ The following are the requirements under the safe harbor:

Both the relinquished and replacement properties must have been owned by the taxpayer for at least 24 months immediately before and after the exchange.
In each of the two 12-month periods immediately before and after the exchange the properties must be rented at a fair market value for 14 days or more.
The taxpayer’s personal use cannot exceed the greater of 14 days or 10% of the days during each 12-month period that the property was rented at a fair market value.
Personal use includes; the taxpayer’s family members, any other person with an interest in the property or their families, anyone using the property under an arrangement which enables the taxpayer to use some other property (even if no rent is charged); or if the property is rented for less than fair market value rent.

With a bit of planning you can take advantage of the1031 exchange and defer taxes on your gain when you sell your vacation home.

Understanding the tax saving strategies available through the 1031 exchange, along with proper planning and tax advice can help you save tax dollars! For additional information about the tax deferred exchange and these concepts contact your local representative at First American Exchange.

Short Sales Might Get Easier???? I’ll Believe It When I See IT!!

Janeese Jackson — Fri, 11 May 2012 21:43:12 +0000

“Falling Short” – Generation Song

Short-sales have been a challenge in our market for the last few years. New legislation is supposed to make it better. My personal experience is that, “I’ll believe it when I see it”!! But, of course, I hope that it’s true!! Here is an article from RisMedia:

(MCT)—The short sale process could get a lot quicker starting this summer under new rules that will require lenders to respond to offers within a month.

Fannie Mae and Freddie Mac, the nation’s two largest mortgage backers, will implement the guidelines on June 15. The changes require mortgage servicers to make a decision within 30 days of receiving a short sale offer. They also must consider requests for pre-approved short sales within that same timeframe.

If the lender needs more than 30 days, it must give borrowers weekly status updates and a decision within 60 days of the initial application. This extension gives lenders more time to determine the value of the property or to get the approval of a mortgage insurer.

The moves are aimed at streamlining the short sale process, which often takes months to complete.

Such transactions can get so complicated that many prospective buyers won’t even consider making an offer on a short-sale property. And many of those who bid often walk away from the offer because lenders take so long to make a decision.

“Short sales are more complex than routine home sales since they may involve multiple parties and long-distance negotiating,” says Tracy Mooney, a Freddie Mac senior vice president. The new rules “are intended to help make the decision process more transparent and timely.”

Short sales involve homes that are sold at a price that’s lower than the balance owed.

There are many reasons why such deals are a better alternative to foreclosure, including fewer fees and faster transfer of ownership, eliminating all the problems that arise when a house is left vacant after foreclosure.

Because the lender and investors are being asked to take a loss, the process can get lengthy. All parties with a financial interest negotiate who will take what share of the sale proceeds.

So far, efforts to make that process easier have largely been unsuccessful, but the need has never been more critical.

Chris Willette, a short-sale expert in Edina, Minn., says that such rules are a critical step toward a housing recovery.

“We’re going to get rid of the inventory a lot more quickly,” he says. “And once you do that, you get your pricing back.”

But Willette remains skeptical. His primary concern is that the paperwork problems that currently plague the short sale process will only continue. He said getting all the forms together to complete such a transaction can be a major challenge.

Brad German, a Freddie Mac spokesperson in Virginia, says the organization will provide consistent reviews of lenders and will rank them monthly based on that performance. Those rankings are used to determine their compensation or penalties. Fannie and Freddie will continue to work on other avenues for enforcement.

Article printed from RISMedia: http://rismedia.com

URL to article: http://rismedia.com/2012-04-25/new-rules-aim-to-speed-up-short-sales/

2012 Running Events in Portland, Oregon!

Janeese Jackson — Wed, 09 May 2012 20:48:12 +0000

Jackson Browne – “Running on Empty”

RACE FOR HOPE –Saturday April 28^th, 2012

5k Walk/Run Benefit Widows and Orphans

Location: Beaverton, Oregon

ROLLING HILLS RUN 2012– Saturday April 28^th, 2012

10k Run-5k Run/Walk-1 Mile Kids’ Fun Run

Location: Heppner, Oregon-Morrow County Fairgrounds

CHERRY BLOSSOM FITNESS FESTIVAL DUATHLON– Sunday April 29^th, 2012

5k Run, 30k Bike

Location: The Dalles, Oregon

RUNNING BUDDY 2012 –Thursday May 3^rd, 2012

5k Run –share your excitement for running as Running Buddy Volunteer.

Location: Gabriel Park Southwest Vermont and 45^th Avenue

MAMABABY HAITI RUN– Saturday May 5^th, 2012

5k Walk/Run, 10k Walk/Run, Kid’s 1 mile (under 12yrs)

Location: Heiser Farms on Grand Island – 21425 SE Grand Island Loop Dayton, Oregon

RUNNING FOR FAITH RACE– Saturday May 5^th, 2012

5k & 10k Run/Walk

Location: Banks-Vernonia Linear trail

ORRC HAGG LAKE RUN– Saturday May 5^th, 2012

10.4 mile Road race/Walk on scenic bike path

Location: Henry Hagg Lake- Gaston, Oregon

BUTTE CHALLENGE –Saturday May12th, 2012

All road races 5k Run/Walk, 10k Run, Kid’s Butte Scoot (Race & Clinic) will be chip-timed

Location: Hermiston Butte Park Corner of NW 7th St & W. Fulton Ave

BLOOMIN FUN TRAIL RUN –Saturday May 12^th, 2012

5k & 10k Run

Location: 3718 W 13th The Dalles, OR

HIPPIE CHICK HALF & QUARTER MARATHON –Saturday May 12^th, 2012

½ marathon, ¼ marathon, Kids Dash (non-timed)

Location: Gordon Faber Recreational Complex

RUN GIRLFRIEND RUN –Sunday May 20^th, 2012

5k and 10k runs benefiting the American Heart Association and Scholarships for young women.

Location: Mt Hood Athletic Club 37095 Hwy 26 Sandy, OR

NEWPORT MARATHON –Saturday June 2^nd, 2012

Newport Marathon Run/Walk

Location: Yaquina Bay State Park Newport, OR

HELVETIA HALF & WIDMER 10K –Saturday June 9^th, 2012

10K-12^TH Annual Helvetia Half Marathon

Location: Hillsboro Stadium 4400 NW 229th Avenue Hillsboro, OR

THREE SISTERS MARATHON –Saturday June 9^th, 2012

Three Sisters Marathon Run & Walk and Relay, 5k Run/Walk

Location: Eagle Crest Resort Redmond, Oregon

MT. HOOD SCRAMBLE XVII –Sunday June 17^th, 2012

Roughly a 6-mile adventure!

Location: White River West Snow Park Mt. Hood, OR

RACE FOR ANIMALS –Saturday June 23^rd, 2012

5k/10k fundraising trail run/walk in Forest Park

Location: Forest Park, Portland, OR 97210.

MOUNTAIN DAYS MADNESS RUN –Saturday July 14^th, 2012

5k and 10k run- enjoy a scenic run with a few hills (10K only) ending on a nature trail.

Location: Mount Hood Athletic Club 37095 Hwy 26 Sandy, OR

DESCHUTES DASH WEEKEND SPORTS FESTIVAL –Saturday & Sunday July 14 & 15^th, 2012

Saturday –Olympic Distance Triathlon, Duathlon, Aquabike, and 10k run, COPAKid’s Splash ‘N Dash (ages 3-10)

Sunday—Spring Distance Triathlon, Duathlon, Aquabike, 5k run, Youth Triathlon

Location: Old Mill District Bend, OR

22^nd ANNUAL MANZANITA BEACH WALK/RUN –Saturday July 21^st, 2012

5k Walk/Run, 10k Run

Location: Manzanita Beach Laneda Ave. Manzanita, OR

46^TH ANNUAL SEASIDE BEACH RUN –Saturday July 21^st, 2012

5k Run/Walk and 10k Run, FREE Kid’s Sand Dash and Treasure Hunt

Location: Seaside Beach 12th Avenue and North Promenade Seaside, OR

TIMBERLINE MT. RUN – Sunday August 5^th, 2012

6 to 8 mile race

Location: Wy’East Day Lodge Timberline Lodge, Mt. Hood, Oregon

CRAWFISH CRAWL 2012 – Saturday August 11^th, 2012

5k road race through the paths of Tualatin City Park

Location: The Tualatin Commons 8515 SW Tualatin-Sherwood Road Tualatin, OR 97062 Tualatin, OR

XTERRA PORTLAND TRAIL RUN — Sunday August, 12^th, 2012

Portland Trail Run Off Road 22k & 10k

Location: Hagg Lake

HIGHWAY TO WELL HALF MARATHON — Saturday August 25^th, 2012

1 mile Walk/Run, 5k Walk/Run, 10k Run, Half Marathon

Location: Community Park 1200 SW 44th St Pendleton, OR

PORTLAND MARATHON 2012 –Sunday October 7^th, 2012

Marathon Race

Location: Portland, Oregon

The History of Interest Rates (and Why You Should Care)!! :-)

Janeese Jackson — Thu, 03 May 2012 21:17:28 +0000

“Why Should I Care” – Diana Krall

These are some very revealing and interesting historical statistics on mortgage interest rates. If nothing else dire happens in our very small one-world economy to “rock the boat”, we may look back and see that this is the time span when the market (at least in Portland, Oregon) really began to repair itself. I know we have a ways to go in completing our economic recovery and regaining some of our lost equity in housing but our local housing market is definitely changing! We have a shortage of good inventory and a resurgence of buying interest and the combination will inevitably affect the pricing of homes. These are all positive signs for our local economy and local attitude (now, if we could just get some sunshine!!!). These are also signs that is you are thinking of making a move or a purchase or have a higher than current market interest rate, you might want to consider refinancing or making your new housing dreams a reality sooner rather than later.

Click Here for the 30 Year FHLMC Rates On 30-Year Fixed-Rate Mortgage Chart

Click Here for the 200 Year Historical Rates On 30-Year Fixed-Rate Mortgage Chart

Click Here for the Rent vs. Buy Index Chart

2011 Distressed Residential Properties Report for the Portland Metro Area!

Janeese Jackson — Tue, 01 May 2012 18:31:09 +0000

“Distress”

2011 Distressed Residential Properties

by Mary-Frances Makichen/Communications Department on April 27, 2012

The chart below shows the number of Bank Owned and Short Sales in all areas of the RMLS™ system during 2011. To download or print this chart, click here.All Areas when comparing percentage share of the market 2010 to 2011

Comparing 2010 to 2011 distressed sales as a percentage of closed sales increased from 29.3% to 33.5%
New listings dropped from 78,903 to 61,980 which is a 21.4% decrease
Short sales comprised 13.9% of new listings and 10.7% of sold listings in 2011, up 2.1% and 1.8% from 2010 respectively as a percentage of the market.
Bank owned properties comprised 13.1% of new listings and 22.8% of sales in 2011, rising slightly from 12.3% and 20.4% respectively in 2010.

Portland Metro when comparing percentage share of the market 2010 to 2011

Comparing 2010 to 2011 distressed sales as a percentage of closed sales increased from 29.0% to 33.1%
New listings dropped from 45,907 to 33,940 which is a 26.1% decrease
Short sales comprised 15.3% of new listings and 10.8% of sold listings in 2011, up 3.0% and 2.5% from 2011 respectively as a percentage of the market.
Bank owned properties comprised 13.4% of new listings and 22.3% of sales in 2011, rising slightly from 12.6% and 20.7% respectively in 2010.

Death and Taxes! Is Tax Reform Possible?

Janeese Jackson — Fri, 27 Apr 2012 20:28:33 +0000

“Tax It” – The Miller Brothers

Are we glad that tax season is over for 2012?? Well, really “tax season” is never over! Tax fairness seems to already be dominant themes in a year with a presidential election in the fall. And, “Fair” is in the eye of the beholder!! Many different tax proposals have been put forth by various committees and government representatives, but most believe that these proposals stand little chance of being enacted into tax law. Following is a brief overview of several different tax proposals:

Bowles-Simpson Plan: The National Commission on Fiscal Responsibility and Reform released a report identifying ways to lower tax rates and eliminate some tax deductions. Their plan (often referred to as the Bowles-Simpson Plan) failed to get enough votes on December 3, 2011.

The Ryan Plan: The “Path to Prosperity: A Blueprint for American Renewal” is a budget proposal by Representative Paul Ryan, Chairman of the House Budget Committee. The Ryan plan lowers tax rates, eliminates some deductions, and reforms Medicare. It passed the House on April 15, 2012, but has little chance of being passed by the Senate.

The Buffet Rule: This plan (Senate Bill 2230) is named after investor Warren Buffet, and requires everyone making over $1 million a year to pay a minimum effective tax rate of at least thirty percent (30%). The plan’s intent is to raise taxes on the rich and bring more “fairness” to the tax code. It failed to pass the Senate on April 16, 2012.

NOTE TO SELF: The Mortgage Interest Deduction is Limited Per Residence! ;-)

Janeese Jackson — Wed, 25 Apr 2012 18:07:46 +0000

Backstreet Boys – “Don’t Try This at Home”

Interesting story and tax case: A recent U.S. Tax Court ruling clarified the IRS position that the $1.1 million limit for mortgage interest deduction applies per residence and not per taxpayer as some homeowners were hoping.

A married homeowner filing jointly can have fully deductible interest on a mortgage of up to $1,000,000 of acquisition debt and up to an additional $100,000 of home equity debt. If the married couple files separately, each party is limited to deducting the interest on half of those maximum amounts.

The court case came about when two unmarried individuals who owned a home together as joint tenants felt that they were entitled to deduct the interest on $1.1 million of debt each. IRS did not agree with their understanding and neither did the Tax Court. The Court ruled that the limits apply per residence, not per taxpayer even if a home is co-owned by unmarried taxpayers. I guess you can’t blame them for trying!!!???

The result for the taxpayers in this case was that their deduction was cut in half resulting in much more income tax due. While this situation only affects a few taxpayers, obviously, have a conversation with your tax professional prior to “trying this at home”!!! Not really an issue for me …. too bad! ;-)

April 2012 Portland Metro Real Estate Update!!

Janeese Jackson — Fri, 20 Apr 2012 19:58:58 +0000

“Crazy” – Gnarls Barkley

APRIL 2012 PORTLAND METRO REAL ESTATE UPDATE!!!

Hi again…what, so soon???!!! Yes, last month’s update was late and so here I am again in your “in-box”!!! What’s happening in our real estate market??? It’s a bit crazy, a “gold-rush”! There is a lot of pent-up buying energy, mixed with some positive economic news, add in a dash of “close-to-bottomed-out-prices” (if not totally bottomed out), then stir with a hint of the possibility of interest rates rising and you have a “flambé” (I’m talking like I actually know how or have time to cook?). Now, month after month, the “theme” is “improvement”. March 2012 figures show definite improvement in both pending and closed sales (plus they were up from last month…but, of course, that’s to be expected at this time of year). There were 2,272 accepted offers, which is 12.8% more than the 2,014 reported in March 2011. New listings continue to be down and we have only 5 months of inventory at the end of March. This explains the continuation of multiple offers on well-priced, show-condition listings. And the total days on market (DOM) has decreased by 17.9%, going from 165 in the first quarter of last year to 135 DOM in the first quarter of 2012. All of this speaks well for confidence in our economy and the willingness for buyers to get back into the market.

BUYERS: what does this mean for buyers? Housing affordability could be at one of the best we’ll see in our lifetime! I guess it’s “get it while the getting’s good”! If the economy continues to recover, then interest rates will go up! If the inventory continues to be absorbed, that will put upward pressure on pricing! There is a shortage of good inventory and that makes for a climate that encourages multiple offers. I’ve now been in multiple offer situations 7 times since the first of the year. And, I was just in a situation where my buyers made an offer within 24 hours of a listing coming on the market and there were 6 (count ‘em…6) other offers!!! An Inman News article just listed Portland as one of the Top Ten Metro areas with the greatest drop in “for-sale” inventory!! This puts a lot of pressure on buyers to have to make a rather large, life-changing decision in a very short amount of time. What can you do in a multiple offer situation? Really, the only thing you can do is decide just how much the house is worth to you (and that you can afford) and make the very best offer you can make! Then, just know you did the best you could do! If you are pressured into making an offer you feel is above market value, you will be stressed and dissatisfied throughout the escrow and when you close on the property. And, remember your State of Oregon mandated 5-day “Right of Rescission”!!

SELLERS: what does this mean for sellers? If you are in an equity position to sell and you need to make a housing change, we just could be entering a modified “sellers’ market”! Our market is totally “value based” at this moment. What does “value based” mean? It means, the reason that there is a sudden surge in our local market is a combination of aggressive pricing (because you must incorporate short-sales, foreclosures and ALL market information to price correctly…because the appraisers will) and low interest rates (at or below 4%). Buyers are looking for the “perfect storm” in value. It is still absolutely paramount to be competitively priced. Even with the low inventory and pricing (along with low interest rates) driving the market, even slightly over-priced properties will sit on the market. Check out this recent story to see just how “finicky” our buying market is at this juncture. If you are “priced to entice” you will move very quickly!!

INVESTORS: what does this mean for investors? If you can take advantageous of the opportunities to begin or add to your real estate investment portfolio and feel you have “the right stuff” for managing properties (or the latitude to hire someone else to do so), I would not hesitate! I would start with speaking with a trusted mortgage broker to either get pre-approved or establish a game-plan for an eventual approval. It’s a little more difficult if you own more than 4 properties total, but can be done. Read here for how lenders consider and calculate existing rental income. Or here for “How to Become a Successful Real Estate Investor”!!

A Visual of How Interest Rates Affect Mortgage Payments!

Janeese Jackson — Wed, 18 Apr 2012 21:15:16 +0000

A simple one-percent increase in interest rates can have a dramatic effect on the payment. Making a loan application and locking in the rate are key strategies to keeping your payments as low as possible.

Call me (503-709-0802) or write (jj@janeesejackson.com ) and Ill help you make an appointment with a mortgage professional. We will form a partnership to find your new home or investment!!