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Is it a Good Time to Refinance

         As you have heard on the News lately, interest rates are still at an all time low, but no surprise, experts are predicting that they will start going up in the near future with our improving economy.  If you now own a home and have no plans on moving, you may want to think seriously about Refinancing to a 15yr. Mortgage. While it may cost you a few bucks in the beginning, in the long run you will save a bundle, not to mention getting your home paid off a lot sooner at a lower interest rate and building a lot of equity at the same time.  Then down the road when, and if you decide to sell, that equity will come in handy toward your new home.  Talking with a Lender (which may I add will not cost you anything) can give you the exact figures on what you can save.

Here is a little more info on the state of our Housing Market. In 2015...

#1 Reason to Sell Now

If you are one of the many homeowners out there who are debating putting their home on the market in 2015, don't miss out on the opportunity that currently exists. There will be significantly less competition in the winter months than in the spring. According to the latest released survey by Fannie Mae, 45% of homeowners "say mortgage rates will go up in the next 12 months."

The Mortgage Bankers Association, the National Association of Realtors, Fannie Mae and Freddie Mac are each projecting Mortgage interest rates to increase substantially over the next twelve months.

Homeowners are unaware that interest rates are projected to go up by all four major reporting institutions - This is big news for move-up buyers reflecting the overall amount of housing inventory that will be on the market.  If existing homeowners believe that mortgage interest rates are not going to increase, then they won't be inclined to make a move by putting their home up for sale, meaning less competition...

Have you considered trying to sell your home on your own

Have you considered trying to sell your home on your own without the assistance of a real estate professional, this has been proven in most cases, to not be a good idea.

Many FSBO homeowners believe that they will save the real estate commission by selling on their own, but the main reason buyers look at FSBOs is because they also believe they can save the commission. The seller and the buyer can't both save the same commission. Studies have shown that the typical house sold by the homeowner, sells for $184,000 while the same house sold by an agent can sell for 210,000.

If you are a busy person and do not have the time to be available when someone wants to look, you risk loosing a potential buyer.

When you do find that buyer, then you have to be available for the negotiating, the inspection, the appraisal and whatever other inspector the buyer wants to have check out your home, remember they  are working for the buyer and will be looking for all the negative things they...

When is a good time to Buy Your New Home.

What a different housing market we are in now, compared to just a few short years ago.  When sellers were selling their home, they were forced, in most cases to accept offers below asking price and paying closing cost to boot, and in some cases, they gave the buyer anything they wanted just to sell, also interest rates were then at a record low 3% range, which made it a great time for buyers to purchase a home.

Buyers were told at the time that this will not last and if they truly want to buy a home, they had better do it soon, some listened and some didn't.

Well now the tables have turned, interest rates are up to the high 4% to low 5% range. Sellers are getting multiple offers within days of listing their homes and in most cases they are getting more then their listed price.

This Home buying frenzy we are now seeing is not only...

Finding a good Team, when Buying your New Home

Based off of years of experience with the larger banks like Wells Fargo, Bank of America and Chase, only to mention a few. When you try to apply for a loan with them to buy your new home, you will be dealing with base line employees, which means they work per hour and get nothing more for meeting deadlines. Remember always, "You're the BOSS" when buying a home, and not meeting deadlines will cost "you" 1,000's, so it is in your best interest to meet all deadlines.

When you use an outside Mortgage Rep. they are paid by commission and get nothing till the home goes to closing, so it is in their best interest to get you there as quickly as possible. Again they get nothing if the loan does not close as it should. 

The interest rates on a loan can change hourly based on numerous factors and the interest rate you get on a loan determents what your payment will be so the higher the rate, the higher your payments, this could mean paying 30K to 80K more in interest over the life of the loan. ...

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