Archive for the Mortgage Refinance Category
George Strait - "Need I Say More?"
Need I say more? Just in case you need some inspiration, here is the average Fannie Mae/Freddie Mac mortgage rate since 1983, the average FHA mortgage rates since 1993 and the 200-yr look back at mortgage rates. VERY INTERESTING!
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"Say it Ain't So" - Weezer
I wrote last week warning of upcoming changes in FHA financing. The 3.5% down payment on FHA loans could be more expensive for buyers than expected. when considering financing options, the savvy buyer must consider the down-payment required, the interest rate and the closing costs to get a full picture of what the loan will cost!! Beginning April 1, 2013, the mortgage insurance premium (MIP) will go up by .1% to 1.35% which may not even be noticeable to most would-be homeowners. The staggering increase will occur on 6/3/2013 when FHA's policy on the …
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The “Appraisal Conundrum”!!
July19
"Ball of Confusion" - The Temptations
The appraisal process is an integral part of the mortgage lending process, whether it be refinances or purchases! Your lender will insist on an independent appraisal to confirm value. Remember, despite the fact that you, the buyer or refinancer, actually pay for the appraisal. It is a lender requirement and is for the benefit of the lender! The lender has more "money in the game" than you do and wants verification that they are in a safe position as to value. This process has gotten more stringent since the real estate market collaps…
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"Money's Too Tight to Mention" - Simply Red
The Housing Affordability Index was developed over thirty years ago to help consumers determine when it is a good time to buy a home. It's considered advantageous to the buyer when the index is over 100 because a median income family can qualify for a median price home.
Recent figures released by the National Association of REALTORS' economic department show that the 2011 index of 184.5 is the highest annual average since it has been calculated. The most recent month released, December 2011, was 194.9. The index is also broken down into four …
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Agent Profile
My job is service...service to you and your real estate transactions! How can you benefit from my 25 years of experience and expertise? What can I offer to make the process more productive?
* Current information on available housing...comparative and competitive market pricing and analysis
* Daily involvement in the local real estate marketplace.
* Thorough, comprehensive knowledge reflecting years of helping others complete their real estate business.
* Extensive network of professional resources to make the process as smooth as possible.
My commitment is to you! Being available to you...returning your calls...answering your questions...addressing your concerns...respecting your money...matching your timeline...meeting your expectations...helping accomplish your real estate goals!!
JANEESE JACKSON: 503-709-0802 or jj@janeesejackson.com

