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Another article about the over supply of homes, this time focusing on new construction, suggests that the bottom is not here yet. A Wachovia economist suggests that the housing market will not hit bottom until mid 2009 to mid 2010. While I agree no one has a crystal ball, mid 2009 is over a year from today, and next summer or the summer after may be the bottom. What that means to the home SELLER, SELL NOW! If you don’t want to lower your price today to get your home sold because you want more equity, next year will likely give you even less or bringing money to the closing table. Which... [more...]

I was just reading this article, that my environmentally conscious brother in DC sent me via email a few weeks ago. It is very appropriate for today’s rising gas prices, overworked parents, and difficult real estate market. From the International Harold Tribune: Life on the fringes of U.S. suburbia becomes untenable with rising gas costs By Peter S. Goodman Published: June 24, 2008 ELIZABETH, Colorado: Suddenly, the economics of American suburban life are under assault as skyrocketing energy prices inflate the costs of reaching, heating and cooling homes on the outer edges of metropolitan... [more...]

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Credit has always been extremely important in the mortgage industry, but with the recent, Risk Based Pricing Changes, it is even more important to get the best rate, let alone qualify, for the mortgage Here are a few suggestions, to help raise Customer’s FICO scores! The most important credit history is the last 12 months! Here are a few: Pay your bills on time. This is the biggest single item. Set up an auto draft from your checking account, pay on line, snail mail on the 1st so it is received by the 15th. If you’ve had problems in the past, work with the creditor to bring your... [more...]

More than likely, buying a house is one of the largest and most important financial transactions you will ever make. You might do this only four or five times in your entire life… but we do this every single day. It’s your home and your future. It’s our profession and our passion. We”re ready to work for your best interest. Once you are satisfied that you are working with a top-quality professional mortgage advisor, here are the rules and secrets you must know to “shop” effectively. First, IF IT SEEMS TOO GOOD TO BE TRUE, IT PROBABLY IS. But you didn’t really need us to tell... [more...]

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