FIRST TIME HOME BUYERS - Housing Interest Rates Are More Affordable Than Ever!

Housing Interest Rates Are More Affordable Than Ever!

Calling all FIRST TIME HOME BUYERS !  Interest rates over the last few weeks have plunged even lower making an enticing invite for anyone sitting on the fence thinking about buying.   It is a great TIME TO BUY A HOME.

With the rates down this low, some are even buying the rental they live in and their payments are dropping - saving them a ton of money AND they are now owners of the property investing and not throwing money away!

You will be amazed at what you might qualify for and with the low housing prices you could finally afford your dream home.

The first step is to give me a call – I have a great loan officer who can pre-qualify you over the phone ! 

So, if you want to work with the BEST REALTOR IN MEDFORD, OREGON then call me - anytime.  You can also go to my website for a snapshot of the market and see what homes recently sold for and where the best deals are.

If you are a FIRST TIME HOME BUYER or just want to invest in Real Estate – now is the time. 

Cheryl Malone – Real Estate Broker

Windermere Investors Marketplace

541.951.1960

www.CherylMalone.com

Once you are pre-qualified for a home loan, I would love to help find your dream home - "Lets Go Shopping!"

Servicing the Rogue Valley including Medford, Central Point, Jacksonville, Talent, Phoenix, Eagle Point, Sams Valley, Rogue River & White City Oregon.

Buying A Property With An Investment Account - Financing Options

Buying A Property With An Investment Account may be what you are looking for.

A lot of people don't know this but you may be able to buy a piece of property with your investment account and not be charged taxes, fees or interest!

There are many different types of accounts as well as the companies that hold them. If you have a IRA, 401K, etc then call them (or your financial advisor) to see.

Many times you will be allowed to pull money from the account for your down payment on the property! Sometimes you may be charged interest, or certain fees, taxes, and so on - or not at all! It all depends on the
account you hold and the limitations/allowances you have.

For other financing options, give me a call - THE BEST REALTOR IN MEDFORD OREGON and see what works best for your situation.

CHERYL MALONE - Real Estate Broker
Windermere Investors Marketplace
http://www.cherylmalone.com/
541.941.1960

Remember, the first step in buying a home is to get pre-qualified on a home loan. Sellers do not like to deal with buyers who might not qualify. There are plenty of different options out there (even other 100% financing options). To do this, I recommend you call the BEST LENDER IN MEDFORD, OR:

DAVID DUBEAU - Loan Officer
Sterling Savings Bank
541.292.9663

Once you are pre-qualified, "Lets go shopping!"

As always, your comments are welcome!

First Time Homebuyers - The Best Way To Get Started In Searching For A Home

If you are a FIRST TIME HOMEBUYER and WANT TO BUY A HOUSE, then now is the time.  The process can be easy, much easier than in the past.  It is important that you work with someone you feel comfortable with.

First you should get pre-qualified for a loan.  There are many different loan programs available in today's market and a loan officer can help you select the best one for you. I have the best loan officer who can pre-qualify you over the phone. You will be surprised how much you can qualify for with today's record low interest rates.

Once you know what you can afford, it is time to figure out what is most important to you in a home.  This will be the basis of your search.  I can search different criteria, so this will help find you the best house for your money.

Looking on the internet yourself, can help educate you to what is available... but many of the homes you will find might be short sales and have pending offers in on them.

I can narrow your search to only available properties for you to see, this helps in some of the frustration that most buyers experience when searching for themselves.  I am also alerted to any new listings the day they come on the market. 

So, If you WANT TO BUY A HOUSE and WANT TO WORK WITH THE BEST REAL ESTATE AGENTin the Rogue Valley, give me a call.  I can get you pre-qualified and we can start looking the same day !  So, Let's go shopping !

Servicing Medford, Jacksonville, Central Point, Eagle Point, Talent, Phoenix, White City, Sams Valley, Rogue River and Wimer.

Cheryl Malone
Real Estate Broker
Windermere Investors Marketplace
541-951-1960

http://www.cherylmalone.com/

What Are Closing Costs (When Buying A Home)? What Costs Are Included?

Getting pre-qualified and being approved for a mortgage are only part of the financial responsibility of buying a home.  As a buyer you should know and expect what to pay at closing - called closing costs.

Here is a list of common closing costs that you are almost guaranteed to see every time:

1. Down Payment: This ranges from 0 down 100% financing, to anywhere from 3.5% down upwards of 20+%. This is up to you and the loan program you choose and/or are approved for.

2. Credit Report: The first step in qualifying for a mortgage is checking your credit. You generally must pay to view your credit score, and this usually costs around $7 - $20 (per person).  The lender that I work with, David DuBeau does not charge this upfront fee.

3. Home inspection: Costing around $300 - $500, a home inspection is always recommended but not always required. Even new homes (as we teach in our home buying classes) can have faults from horrible work. Your contract can leave you an out if something is wrong as well. 

4. Loan Origination and Points: You can pay points in order to get a lower interest rate, but you do not have to and your loan officer should not charge them unless it is talked over with you first. Please see my other blog about this. An origination fee is the cost of doing business with the lender doing your loan. David DuBeau is very good at making sure you do not get overcharged.

5. Appraisal: An appraisal costs around $400 - $500 depending on the type of loan and property. This is usually the only fee collected from the lender up front and usually a credit card or check is collected to hold. If the closing costs are being paid for by the seller, then the card/check will not be charged/cashed upfront, or at all when the seller pays.

6. Title Insurance and other 3rd party fees: There are other charges that vary based on the purchase price and loan amount like title insurance, government, and notary fees etc. Your lender will always provide a good faith estimate of your expected settlement costs. There are other costs associated with closings to be sure but the good faith estimate will cover them for you.

7. Property taxes:  Some lenders require that the property taxes be collected on a monthly basis (impounded).  The lender will then make the property tax payment to insur that it is kept current.  Therefore, several months (usually 6 months) worth of impounds are collected at the time of escrow closing.

In this "buyers market" it is very easy to get the seller to pay for your closing costs, so keep that in mind!  This is why you should have the BEST REAL ESTATE AGENT AND LOAN OFFICER working for you.

Getting prequalified for a home loan is quick, free, and easy.  I always recommend to call THE BEST LOAN OFFICER IN MEDFORD, OREGON:  David DuBeau 541-292-9663 at Sterling Savings Bank.  He has many different loan programs available including 100% financing.   

Then, call THE BEST REAL ESTATE AGENT IN MEDFORD, OREGON:

CHERYL MALONE  - Real Estate Broker

Windermere Investors Marketplace

541-951-1960

www.CherylMalone.com

Get USDA 100% Financing Loans w/ the Best Real Estate Agent and Loan Officer in Rogue Valley Oregon

A USDA Guaranteed Home Loan is a government insured 100% purchase loan. There is no required mortgage insurance with this loan which makes it even more affordable!

This means that you can literally buy a home with 0 down, 100% financing, and even have the seller pay your closing costs if you have the BEST REAL ESTATE AGENT AND BEST LOAN OFFICER working for you!

These USDA loans are offered in specific areas, but you would be amazed at how many areas actually qualify for this loan.

The only areas that have SLIGHT restrictions on where your house can be located is in main congested areas. Most of the areas in Jackson County, Southern Oregon or the Rogue Valley pretty much qualify (there are some spots that may not - Call us for a map).

THE BEST thing you can do is contact us and we can give you a link to check if the address of the home you want qualifies for the 100% financing or not.   If not, there may be other programs that you qualify for.

We can also prequalify you for the loan - and just a heads up, David can still close loans in only 2-3 weeks!

If you are looking to buy in any of these areas:  Medford, Central Point, Jacksonville, Eagle Point, Talent, Phoenix, Ashland, Jackson County, Rogue River,  Wimer  and Sams Valley or anywhere on the West Coast for that matter then I would love to help.

If you need a home to buy, or a home loan, I suggest you call THE BEST REAL ESTATE AGENT AND LOAN OFFICER IN MEDFORD, OR   and... "LETS GO SHOPPING!"

CHERYL MALONE
Real Estate Broker/Realtor
Windermere Investors Marketplace
Cell:  541.951.1960
www.CherylMalone.com

DAVID DUBEAU
Loan Officer
Cell:    541.292.9663
Direct: 541.608.2161
http://www.daviddubeau.net/

Remember, the first step in buying a home or refinancing is to get pre-qualified on a home loan! Sellers do not like to deal with buyers who might not qualify. There are plenty of different options out there (even other 100% financing options) As always, your comments are welcome

USDA 100% Home Loan Financing by using Best Real Estate Agent & Loan Officer in Rogue Valley

A USDA Guaranteed Home Loan is a government insured 100% purchase loan. There is no required mortgage insurance with this loan which makes it even more affordable!

This means that you can literally buy a home with 0 down, 100% financing, and even have the seller pay your closing costs if you have the BEST REAL ESTATE AGENT AND BEST LOAN OFFICER working for you!

These USDA loans are offered in specific areas, but you would be amazed at how many areas actually qualify for this loan.

The only areas that have SLIGHT restrictions on where your house can be located is in main congested areas. Most of the areas in Jackson County, Southern Oregon or the Rogue Valley pretty much qualify (there are some spots that may not - Call us for a map).

THE BEST thing you can do is contact us and we can give you a link to check if the address of the home you want qualifies for the 100% financing or not.   If not, there may be other programs that you qualify for.

We can also prequalify you for the loan - and just a heads up, David can still close loans in only 2-3 weeks!

If you are looking to buy in any of these areas:  Medford, Central Point, Jacksonville, Eagle Point, Talent, Phoenix, Ashland, Jackson County, Rogue River,  Wimer  and Sams Valley or anywhere on the West Coast for that matter then I would love to help.

If you need a home to buy, or a home loan, I suggest you call THE BEST REAL ESTATE AGENT AND LOAN OFFICER IN ROGUE VALLEY, OR   and... "LETS GO SHOPPING!"

CHERYL MALONE

Real Estate Broker/Realtor

Windermere Investors Marketplace

Cell:  541.951.1960

www.CherylMalone.com

DAVID DUBEAU

Loan Officer

Cell:    541.292.9663

Direct: 541.608.2161

www.DavidDuBeau.net

Remember, the first step in buying a home or refinancing is to get pre-qualified on a home loan! Sellers do not like to deal with buyers who might not qualify. There are plenty of different options out there (even other 100% financing options) As always, your comments are welcome

How To Create Equity In Your Home, Investment Or Fixer-Upper !

When you are trying to create equity in a home by making improvements, here are some tips and things that can help.

***NOTE- "What is equity?"  It is the difference between what you owe on a property, and what it is worth.

Example: If you have a property worth $200,000 but only owe $150,000 then you have $50,000 in equity in the home. If you owe 0.00, then you have $200,000 in equity, make sense?

Keep in mind that almost all the improvements you do in your home can increase the value. But, if you are like most people, you want to spend the least amount of money while creating the most amount of value.

These things are traditionally known to create the most value in a home:

1) Increasing the size of living space- Since a home is valued at a dollar amount per square foot, increasing the square footage by adding another bedroom, bathroom, etc naturally increases the value.
2) Remodeling or Updating the Bathrooms and Kitchen- This is a great way to increase value and to help the home sell quicker as well, if that's the goal.
3) New Windows- Updating to energy saving windows not only increases monthly savings but increases the "curb appeal" of your home.
4) New Siding- Again, see the notes on windows as this is the same.

Remember, the first step in buying a home or refinancing is to get pre-qualified on a home loan! Sellers do not like to deal with buyers who might not qualify. There are plenty of different options out there (even other 100% financing options)

I recommend you talk to:

David DuBeau
Mortgage Loan Officer
541.292.9663
541.608.2161
www.DavidDuBeau.net

If you want to list your home or buy a home, then give me a call.  Now is a great time to move up and use your equity to buy a larger home.  Find out what your home is worth, no obligation.
Cheryl Malone
Windermere Investors Marketplace
www.CherylMalone.com
541-951-1960