Posted on 26 October 2010.
In my experience, homeowners will initially try for a loan modification before they begin thinking about a Short Sale. Understandable-we didn’t buy our houses to feel forced to sell, so if we can renegotiate our loan, then it makes sense to do it. There are a few things we should know before taking the plunge with the lender for a loan modification. For borrowers who are making payments on time, applying for loan modification programs can reduce their credit score as much as 100 points (Yahoo Finance 2010). I had a clients who, because they had requested loan modification papers from their lender, their credit score had been drastically reduced and they had to jump through hoops to fix it. They hadn’t even filled out the paperwork, merely made the request!
The explanation for this reduction in credit score is that the request for the loan modification paperwork is the first indicator that they’re at risk which means a credit score ding. Consumer Data Industry Association, a trade group in Washington which represents the credit bureaus, says that people would not be asking for help unless they were having sever money troubles. “The consumer is going into the program because they’re in a financial bind; other lenders would need to be aware of that”. (Norm Magnuson, spokesman; Yahoo Finance 2010).
So, as you’re making decisions about what to do with a mortgage that you’re not happy with, make sure you speak to someone who has experience with not only loan modifications but also short sales to get all questions about credit scores and your options answered. Go to www.BethAHickey.com for more information on distressed property transactions.
Read the Full Post on PhoenixPowerSearch.com
Posted in Arizona
Posted on 26 October 2010.
Fountain Hills has a wonderful Farmers Market and Arts and Crafts Show every Thursday on the Avenue of the Fountains. It features arts and crafts from our locals and Market Products from Arizona.
Horse of Junk
What a great way to spend you Thursday afternoon strolling down the Avenue of the Fountains and enjoying our local restaurants and shops. You can watch one of the World’s Highest Fountains go off on the hour four 15 minutes and relax at Fountain Park. Fountain Park has a Frisbee Golf Course, Ramada’s with BBQ pits and a walkway featuring Sculptures.
The weather is perfect for an afternoon walk around the park.
While your visiting Fountain Hills I’d be glad to visit with you. I’ve been a resident of Fountain Hills, AZ since 1973 and know not only the Real Estate Market but the best places to eat, shop and visit. Stop by Fountain Hills and see why I call it “My Home Town”.
Mark Gridley, Realtor
eXp Realty, Fountain Hills, AZ
cell: 480.818.5155
fax: 602.467.3012
toll free: 888.897.7821 x 117
www.LiveInFountainHillsAZ.com
Contact Me 
Read the Full Post on PhoenixPowerSearch.com
Posted in Arizona
Posted on 26 October 2010.
You’ve considered it, looked into all of the details and buying property just seems like the next step to take. It’s now time to consider how you’re going to pay for the home. Unless you plan on paying for the property up front in full, you’re going to want to speak to a lender who specializes in
Bellingham wa home loans.
This is the first step to take even prior to looking at property simply because you never quite know what you can afford. For example, you may think you qualify for a $250,000 home when it turns out, you could actually afford something in the $300-350,000 range. Or it could be other way around.Consequently, it’s best to speak with a professional first to know what options are available and which make the most sense for you.
Of course, some lenders are going to be better than others and choosing the right lender can make all the difference. I personally recommend My Lender Dan Keller for all of my Bellingham wa home loans simply because he’s incredibly experienced and gets the job done. Dan can be contacted at (425)350-7136 or by email @ dan.mortgageadvisor@gmail.com.
How To Qualify for a Home Loan
Home Loan qualifications fluctuate depending on the bank, current economic state, and other factors. In essense, the bank wants to be absolutely positive they are going to get their money back and that you’ll pay on time. This is the reason factors such as credit score, home much you make at your job and how long you’ve been there play such an important role in the process.
If you don’t know what your credit score is, go to a site like Credit Check Total and sign up. Once you get your results, speak with your lender to evaluate the options. If for some reason it’s too low to qualify or the interest rate is going to be higher than you’d like to pay, speak with a credit repair specialist and map out a gameplan for improving your credit. With the right person, you can typically start seeing results within 30-60 days.
There are a variety of different types of Bellingham wa home loans available. There are fixed-rate mortgage loans where the interest rate never changes over the life of the loan and there are ‘adjustable-rate mortgage loans where the exact opposite happens and the interest rate fluctuates with the current market. There are loans where you pay on the interest only and there are loans that are government backed such as FHA, VA, and USDA. It’s important to speak with a lender and find out what loans are out there and which loan would be best suited for you.
In conclusion, if you plan on purchasing property and don’t plan on paying the entire balance up front, speak with a good lender. I highly recommend Dan Keller but regardless of who you use, make sure you get pre-qualified and find the best option for you.
Read the Full Post on RealEstate.Bellingham.net
Posted in Washington
Posted on 26 October 2010.
You’ve considered it, looked into all of the details and buying property just seems like the next step to take. It’s now time to consider how you’re going to pay for the home. Unless you plan on paying for the property up front in full, you’re going to want to speak to a lender who specializes in
Bellingham wa home loans.
This is the first step to take even prior to looking at property simply because you never quite know what you can afford. For example, you may think you qualify for a $250,000 home when it turns out, you could actually afford something in the $300-350,000 range. Or it could be other way around.Consequently, it’s best to speak with a professional first to know what options are available and which make the most sense for you.
Of course, some lenders are going to be better than others and choosing the right lender can make all the difference. I personally recommend My Lender Dan Keller for all of my Bellingham wa home loans simply because he’s incredibly experienced and gets the job done. Dan can be contacted at (425)350-7136 or by email @ dan.mortgageadvisor@gmail.com.
How To Qualify for a Home Loan
Home Loan qualifications fluctuate depending on the bank, current economic state, and other factors. In essense, the bank wants to be absolutely positive they are going to get their money back and that you’ll pay on time. This is the reason factors such as credit score, home much you make at your job and how long you’ve been there play such an important role in the process.
If you don’t know what your credit score is, go to a site like Credit Check Total and sign up. Once you get your results, speak with your lender to evaluate the options. If for some reason it’s too low to qualify or the interest rate is going to be higher than you’d like to pay, speak with a credit repair specialist and map out a gameplan for improving your credit. With the right person, you can typically start seeing results within 30-60 days.
There are a variety of different types of Bellingham wa home loans available. There are fixed-rate mortgage loans where the interest rate never changes over the life of the loan and there are ‘adjustable-rate mortgage loans where the exact opposite happens and the interest rate fluctuates with the current market. There are loans where you pay on the interest only and there are loans that are government backed such as FHA, VA, and USDA. It’s important to speak with a lender and find out what loans are out there and which loan would be best suited for you.
In conclusion, if you plan on purchasing property and don’t plan on paying the entire balance up front, speak with a good lender. I highly recommend Dan Keller but regardless of who you use, make sure you get pre-qualified and find the best option for you.
Read the Full Post on RealEstate.Bellingham.net
Posted in Washington
Posted on 26 October 2010.
Welcome to Woodstock, one of Portland’s oldest neighborhoods, sporting many homes built in the 1880’s. I have a newer home for you, currently on the market for $299,500, located on a quiet section of SE Steele St. at 5506, just east of 52nd. Built mid-century and well taken care of, you can be confident this 1628SF, 3 BR, 2BA home is in tip top shape. Its beautiful hardwoods are reminiscent of the older homes, yet it’s all on one level for comfortable living.
The current sellers have made significant improvements to add to the quality of the home:
- The 2 full bathrooms have been delightfully updated
- The kitchen boasts granite counter tops.
- The previously wild backyard has been newly landscaped, giving it beauty, variety and focus
- A sweet retreat space was created out in the garden with a charming new stone patio complete with beckoning bench
- Off in the corner of the fenced backyard is an attractive and handy storage shed.
- A partially covered deck off the family room provides a wonderful outdoor space, fine for entertaining.
5506 SE Steele Street, Portland OR
Additional stats:
- 1 car attached garage, newer appliances that will accompany the home purchase
- 3 year old roof, newer gas furnace
- Updated electrical and plumbing.
The inside scoop from the sellers is that the neighbors have been as friendly and helpful as can be. Isn’t that comforting to know ahead of time?!
View Larger Map
Many of Woodstock’s restaurants and shops line Woodstock Boulevard, about 8 blocks to the South, but there’s a popular restaurant just down the street at 5222 SE 52nd St. called Toast that deserves mention. The sellers report that it’s especially hopping on weekends, mornings into the afternoons. I recently brunched there on a late Sunday morning. My ½ hour wait for a table was well worth it, the food being scrumptious. I would order again the “No Meat for You Omlette” that was brimming with fresh fall vegetables and herbed ricotta cheese, accompanied by potato rosti (delicious hash browns). The coffee (local Courier Coffee Roasters) was particularly tasty. My dining friend enjoyed “The Occasional Hedonist”: a sweet onion tart topped with 2 poached eggs and hollandaise sauce. We were treated to 2 tiny raspberry scones upon being seated. I’ll go again even though I know I’ll have to compete with a multitude of neighborhood fans!
Feel free to contact me if you have an interest in my listing at 5506 SE Steele St.! Or if there is other Portland real estate that you want to see, I’m available for showings! I happily represent both sellers and buyers.
Read the full post on PortlandPowerSearch.com
Posted in Oregon
