I had this article published in one of our local papers today...
Exciting News For Veterans
Windermere Investors Marketplace in Medford and Jacksonville has teamed up with David and Micah DuBeau of Sterling Savings Bank to let the veterans know that many of them may still be eligible for the $8,000 or $6,500 First Time Home Buyer tax credit.
These credits have been extended to members of the military and certain other federal employees serving outside of the U.S. on qualified extended duty service for at least 90 days during the period beginning after December 31, 2008 and ending before May 1, 2010. However, to take advantage of these credits, an eligible taxpayer must purchase, or enter into a binding contract to purchase, a principal residence on or before April 30, 2011. The eligible taxpayer then has until June 30, 2011 to close on the purchase.
This is an enormous benefit to our veterans! We do not feel there has been enough media coverage which is why we are trying to get the word out as the window of opportunity is about to close.
There are many financing options available to eligible veterans including 100% loans. They are easy to apply for and the process has been streamlined. Often eligibility can be determined within 48 hours, it's easy. No DD-214 is required. David and Micah are veterans, having recently served in Iraq themselves and they take pride in serving their fellow veterans.
When you combine a 100% VA loan, a Realtor that negotiates the seller paying their closing costs, a low priced foreclosure home, and an $8,000 tax credit - things get exciting. Interest rates are at a historical low... it's a great time to buy. We want all the veterans to experience The American Dream, homeownership. We would like every eligible veteran to have the chance to take advantage of this great opportunity. Veterans should check with their tax advisor regarding eligibility.
Sincerely,
Cheryl Malone 541-951-1960
Windermere Investors Marketplace
David DuBeau 541-608-1800
Micah DuBeau 541-608-2161
Sterling Savings Bank
Showing posts with label 1st time homebuyer. Show all posts
Showing posts with label 1st time homebuyer. Show all posts
Saturday, March 5, 2011
Thursday, March 3, 2011
Are You Looking Out And Saving For Your Future?
When most people think about that question, they usually think about how much money they have in their savings or retirement account. I think it is really hard for people to put money in the bank and leave it alone. It is very hard to "save" for the future that way.
There is a better way to save, which still requires some restraint. Buying a home... and NOT REFINANCING. Once you buy your home, leave it alone... let the equity build. You are going to need it one day, when you are old/older. Is social security going to be there for you? If so, is it enough? Probably not.
My way is a simple and easy way to save - if you keep your hands out of the pot! Another thing people don't think about doing is paying an additional $100 per month towards the principle on their mortgage. Don't put that $100 in the bank... include it with your mortgage payment as principle only and at the end of 10 years you will have brought your loan balance down by $12,000. Wow, that is money in the bank - that you can't touch until you REALLY need it. How many of you can have $12,000 in the bank and not touch it? Be honest... not that many.
Food for thought - money in the bank actually!
If you want to buy a house... give me a call - you will be glad you did.
Cheryl Malone
541-951-1960
www.sellingoregonhomes.blogspot.com
There is a better way to save, which still requires some restraint. Buying a home... and NOT REFINANCING. Once you buy your home, leave it alone... let the equity build. You are going to need it one day, when you are old/older. Is social security going to be there for you? If so, is it enough? Probably not.
My way is a simple and easy way to save - if you keep your hands out of the pot! Another thing people don't think about doing is paying an additional $100 per month towards the principle on their mortgage. Don't put that $100 in the bank... include it with your mortgage payment as principle only and at the end of 10 years you will have brought your loan balance down by $12,000. Wow, that is money in the bank - that you can't touch until you REALLY need it. How many of you can have $12,000 in the bank and not touch it? Be honest... not that many.
Food for thought - money in the bank actually!
If you want to buy a house... give me a call - you will be glad you did.
Cheryl Malone
541-951-1960
www.sellingoregonhomes.blogspot.com
Friday, February 25, 2011
So You Want To Own A Rental ? Why Not Buy A House For A Rental?
Buying rental property is a great idea, especially in this market... the prices are great and with the super low interest rates it can be very affordable. In the past with the higher housing prices it was hard to get the rent to cover the payment/expenses. This has changed in many areas with the prices being as low as they are right now, it can work out to be a very sweet deal.
Many people are looking to rent a house because they have lost theirs to foreclosure or a short sale. So, the demand for rental homes is good right now. I bought my first house with the intention of living there, but then figured out that I could rent it out for pretty close to the payment. This was a good thing... it has turned out to be a wonderful investment. I still own that same rental house 27 years later.
I always felt that buying a house as an investment was better than buying an apartment building. You only have to deal with one tenant and a lot of tenants who rent homes, seem to want to take good care of it. Especially, if they were homeowners before.
Anyway, food for thought... maybe you can invest in your future too and buy a rental house !
Check out my other blog:
http://sellingoregonhomes.blogspot.com/2011/02/rent-vs-own-should-i-buy-house-in.html
Many people are looking to rent a house because they have lost theirs to foreclosure or a short sale. So, the demand for rental homes is good right now. I bought my first house with the intention of living there, but then figured out that I could rent it out for pretty close to the payment. This was a good thing... it has turned out to be a wonderful investment. I still own that same rental house 27 years later.
I always felt that buying a house as an investment was better than buying an apartment building. You only have to deal with one tenant and a lot of tenants who rent homes, seem to want to take good care of it. Especially, if they were homeowners before.
Anyway, food for thought... maybe you can invest in your future too and buy a rental house !
Check out my other blog:
http://sellingoregonhomes.blogspot.com/2011/02/rent-vs-own-should-i-buy-house-in.html
Rent vs Own - Should I Buy A House In Today's Market?
Over the last several years many people have asked if they should buy a house in today's market. When is a good time to buy a home? It is hard for some tenants to make the leap into homeownership, to begin with. It can be a scary and an exciting time for most 1st Time Homebuyers.
The benefits of owning your home are terrific: from tax deductions to building equity and the plain old pride of owning the place where you live. If you have to pay to live somewhere, why not have that money work for you. For example: if your monthly rent is $1,100 per month you can figure that after 10 years you would have spent $132,000 on housing. Yes, believe it or not that figure is correct. That money is gone and you will not be able to recoup any of it.
In today's market some buyers can purchase a home with 100% financing with payments at $1,100 (or less) per month. You are still paying the same monthly amount, but now you are putting that money to work for you. Each month you are paying down the principal on your loan, earning a tax right off, and best of all gaining equity in your home. When the real estate market picks up and home values increase each year, your equity continues to build.
Don't be afraid to buy a home in this market. Actually, now is the best time to buy a house... interest rates are low, housing prices are low and funding is available. So this is a shout out to all those tenants out there, let's see what you can afford and experience "The American Dream" - homeownership.
If you live in Medford, Jacksonville, Eagle Point, Central Point, Talent, Phoenix, White City, Rogue River, Gold Hill or Sams Valley, Oregon then I have some great loan officers that can help get you get qualified. It is easy and just takes a phone call - yep - just a phone call. Call David or Micah Dubeau from Sterling Savings Bank at 541-292-9663, they will take good care of you, I promise !
My other blogs that may interest you:
http://sellingoregonhomes.blogspot.com/2011/02/want-to-buy-home-in-medford-oregon-how.html
http://sellingoregonhomes.blogspot.com/2011/02/100-financing-available-on-real-estate.html
http://sellingoregonhomes.blogspot.com/2011/02/to-buy-or-not-to-buy-real-estate-that.html
The benefits of owning your home are terrific: from tax deductions to building equity and the plain old pride of owning the place where you live. If you have to pay to live somewhere, why not have that money work for you. For example: if your monthly rent is $1,100 per month you can figure that after 10 years you would have spent $132,000 on housing. Yes, believe it or not that figure is correct. That money is gone and you will not be able to recoup any of it.
In today's market some buyers can purchase a home with 100% financing with payments at $1,100 (or less) per month. You are still paying the same monthly amount, but now you are putting that money to work for you. Each month you are paying down the principal on your loan, earning a tax right off, and best of all gaining equity in your home. When the real estate market picks up and home values increase each year, your equity continues to build.
Don't be afraid to buy a home in this market. Actually, now is the best time to buy a house... interest rates are low, housing prices are low and funding is available. So this is a shout out to all those tenants out there, let's see what you can afford and experience "The American Dream" - homeownership.
If you live in Medford, Jacksonville, Eagle Point, Central Point, Talent, Phoenix, White City, Rogue River, Gold Hill or Sams Valley, Oregon then I have some great loan officers that can help get you get qualified. It is easy and just takes a phone call - yep - just a phone call. Call David or Micah Dubeau from Sterling Savings Bank at 541-292-9663, they will take good care of you, I promise !
My other blogs that may interest you:
http://sellingoregonhomes.blogspot.com/2011/02/want-to-buy-home-in-medford-oregon-how.html
http://sellingoregonhomes.blogspot.com/2011/02/100-financing-available-on-real-estate.html
http://sellingoregonhomes.blogspot.com/2011/02/to-buy-or-not-to-buy-real-estate-that.html
Tuesday, February 22, 2011
Oregon Real Estate Transfer Tax - We Need Your Help - No More Tax !
I just cut and paste this email I received... lets not let this happen... check out the website below and sign the petition. Thanks in advance for your help...
Home ownership has long been the cornerstone of the American Dream. A real estate transfer tax pushes this dream a little farther out of reach for families. Unfortunately, most areas of Oregon already have the dubious distinction of being some of the least affordable housing markets in the country. A tax on the sale or transfer of real estate would make it even more unaffordable.
Consider the first time homebuyer: After several years a young family finally saves up enough money for a down payment to purchase their first house. Imagine if they also had to come up with a 1.97 percent tax on their $200,000 home. This would add an additional $3,940 in closing costs. As most of you know, this could easily be the difference that forces them to walk away.
What is a real estate transfer tax? This is a tax imposed by a state, county, or city when ownership of property (agricultural, commercial or residential) is sold or transferred. In simple terms, it is a sales tax on your home or property. Real estate transfer taxes are usually one-time fees paid at the time of closing and are usually a percentage of the selling price (rates typically vary from .1% to 4%) of the property value. This could result in multiple layers of taxation on a single transaction and is imposed whether or not you make any profit on the sale.
Lets keep the American Dream alive for the First Time Homebuyer, young and old alike.
You can help prevent this tax from being imposed in Oregon.
Visit http://www.protectoregonhomes.com/ to get involved and protect the dream of home ownership for all Oregonians.
View my other blogs:
http://sellingoregonhomes.blogspot.com/2011/02/want-to-buy-home-in-medford-oregon-how.html
http://sellingoregonhomes.blogspot.com/2011/02/to-buy-or-not-to-buy-real-estate-that.html
http://sellingoregonhomes.blogspot.com/2011/02/100-financing-available-on-real-estate.html
Home ownership has long been the cornerstone of the American Dream. A real estate transfer tax pushes this dream a little farther out of reach for families. Unfortunately, most areas of Oregon already have the dubious distinction of being some of the least affordable housing markets in the country. A tax on the sale or transfer of real estate would make it even more unaffordable.
Consider the first time homebuyer: After several years a young family finally saves up enough money for a down payment to purchase their first house. Imagine if they also had to come up with a 1.97 percent tax on their $200,000 home. This would add an additional $3,940 in closing costs. As most of you know, this could easily be the difference that forces them to walk away.
What is a real estate transfer tax? This is a tax imposed by a state, county, or city when ownership of property (agricultural, commercial or residential) is sold or transferred. In simple terms, it is a sales tax on your home or property. Real estate transfer taxes are usually one-time fees paid at the time of closing and are usually a percentage of the selling price (rates typically vary from .1% to 4%) of the property value. This could result in multiple layers of taxation on a single transaction and is imposed whether or not you make any profit on the sale.
Lets keep the American Dream alive for the First Time Homebuyer, young and old alike.
You can help prevent this tax from being imposed in Oregon.
Visit http://www.protectoregonhomes.com/ to get involved and protect the dream of home ownership for all Oregonians.
View my other blogs:
http://sellingoregonhomes.blogspot.com/2011/02/want-to-buy-home-in-medford-oregon-how.html
http://sellingoregonhomes.blogspot.com/2011/02/to-buy-or-not-to-buy-real-estate-that.html
http://sellingoregonhomes.blogspot.com/2011/02/100-financing-available-on-real-estate.html
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