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/

Looking for a LIST OF FORECLOSURES in MEDFORD, OREGON ?

Looking for a LIST OF FORECLOSURES in MEDFORD, OREGON ?

Most people's idea of a FORECLOSURE is a beat up old house that needs loads of work.  This is not always the case, especially in today's market.  I can give you a LIST of FORECLOSURES that the previous owners spent time and money upgrading and are a great deal at today's prices.

If you would like a LIST of FORECLOSURES in the ROGUE VALLEY including MEDFORD, CENTRAL POINT, JACKSONVILLE, EAGLE POINT, WHITE CITY, SAMS VALLEY, ROGUE RIVER or WIMER you have come to the right place.

I can search any of these locations and email you a LIST of FORECLOSURES in your price range.  You will be surprised at what your money can buy today.

This LIST of FORECLOSURES will include pictures and all the details you will want to know... call me at 541-951-1960 and your list is on it's way !

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

http://www.cherylmalone.com/

Investment Properties - Jackson County, Medford, Ashland, Jacksonville, and Southern Oregon: Investors Are Moving In

Investment Properties - Jackson County, Medford, Ashland, Jacksonville, and Southern Oregon:
Investors Are Moving In!

Distressed properties are everywhere on the market, and housing affordability has jumped to levels not seen in 20 years.

The National Association of Home Builders (NAHB) / Wells Fargo Housing Opportunity Index (HOI) for the fourth quarter 2010, reveals that 73.9 percent of all new and existing homes sold were affordable to families earning the national median income of $64,400.

How To Find Deals:

(Call me for a list of Foreclosures/Bank Owned Properties & Short Sales)  I will send them to you by email and you will be able to view all the details along with pictures of the property.

The Realtor you are working with should be able to show you all of the distressed properties on the market. If you are not working with a Realtor yet, or having problems with your current one you are working with, call me - I would love to help!

Here is a great place to start looking:
1) Foreclosures, or REO's (bank owned)
2) Short Sales
3) Other properties that are discounted like fixers (or fixer-uppers) for example.

These homes all usually have deeply discounted prices and are great to invest in!

If you have any questions, contact:

CHERYL MALONE - Realtor
Windermere Investors Marketplace
541.951.1960
http://www.cherylmalone.com/

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) so just call:

DAVID DUBEAU
Loan Officer
541.292.9663
www.DavidDuBeau.net

Once you are pre-qualified, "Let's go shopping"!

Should I Buy A House Right Now? Are There 100% Financing Options To Buy A House?

Should I Buy A House Right Now?  

The short answer?  YES!

The best time to buy is when things are on discount and now more than ever before things are CHEAP.   

What that means is that buyers CAN afford to buy houses right now.

Lenders are lending money.

Now is the best time to buy a house… low interest rates and low housing prices… now is the time !

David DuBeau is still closing loans and still has many 100% financing options, "First Time Home Buyer" programs, and other products all the way to your normal conventional loans.  I always recommend you should check with us if you are wanting to buy a house right now.

CHERYL MALONE – Real Estate Broker

Windermere Investors Marketplace

541.951.1960

www.CherylMalone.com

DAVID DUBEAU – Loan Officer

541.292.9663

541.608.2161

www.DavidDuBeau.net

Remember, the first step to take if you want to buy a house 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)

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

OTHER RELATED BLOGS:

Are you on the fence about buying a home?

http://sellingoregonhomes.blogspot.com/2011/03/are-you-on-fence-about-buying-house.html

What are closing costs?

http://sellingoregonhomes.blogspot.com/2011/06/what-are-closing-costs-when-buying-home.html

What is the difference between a Forecosure, REO, and Short Sale?

http://daviddubeau.blogspot.com/2011/02/difference-between-foreclosure-and.html

What kind of credit do I need to buy a home?

http://sellingoregonhomes.blogspot.com/2011/06/what-kind-of-credit-or-what-credit.html

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