Information provided by Chris Juarez, Waterstone Mortgage Home improvements can be simple but make a big impact on the overall value of your home. When you take a look around your home, condo, apartment, or property, most of the time, the eyes drift toward the places we are unhappy with. We see the cracked paint, unfinished basement, and broken door. What we don’t focus on are the places in your home with the most character, the best pieces of furniture, and are the most loved. Renovating the parts of your … [Read more...]
3 Tips For Making Your Dream Of Buying A Home Come True
There are several ways to make your dream of being a home owner, one of the first things when starting the process is meet with a lender and have them review your ability to buy. This important step will provide you with the knowledge of what amount you can comfortably afford. This also saves time with your home search since the cost options are narrowed down. … [Read more...]
3 Ways Realtors® Elevate Your Home Buying Experience
In a poll of 1,000 home buyers, just over half found the loan process simple, but nearly 25% said they would rather gain 10 lbs than go through the lending process again and 13% would rather spend 24 hours with the person they dislike the most; some even said they'd prefer a root canal or a night in prison! Lack of confidence and uncertainty while making major financial decisions can can be a stressful and emotional ordeal. When you have a competent and ethical team in your corner, buying a home can be one of … [Read more...]
Mortgage Banking Dictionary
One of our preferred lenders sent this to us for a little laugh, the sad thing is most of these are true. All loans are unique in the Albuquerque Real Estate market so this is not an example of how they all are processed. Our Q Realty, Inc. agents have many wonderful loan officers to recommend that have processed several successful transactions. Please call us today if you are in need of recommendations! Borrower: Otherwise intelligent consumer who believes lender should kiss him on both cheeks and give him … [Read more...]
Government Shutdown Creating Headaches for Homebuyers & Lenders – Albuquerque Business First
The nation’s housing market is being affected by the government shutdown, and those in the industry are calling for a quick resolution in Washington, D.C. One of the main issues is that tax transcripts processed through the Internal Revenue Service are not being generated. The transcripts are a verification that a potential buyer’s income documentation matches what’s on file with the IRS. “Lenders that are processing loans that require tax transcripts through the IRS have not been able to do so as the IRS is … [Read more...]
Citi Launches Rental Effort for Distressed Borrowers
I saw this article and thought it might apply here in New Mexico to keep some distressed Albuquerque Homeowners in their homes. Source: The Wall Street Journal by Alan Zibel "Citigroup is starting a program to allow 500 homeowners in trouble with their mortgages to rent back their homes if they sign over the deed, a step some lenders are taking to help people avoid foreclosure. The bank said Wednesday that it has sold $158 million in loans it holds on its books to a joint venture of Santa Ana, Calif.-based … [Read more...]
How Albuquerque Home Buyers Face Decisions that Affect Their Long-Term Financial Picture
Seek a Qualified Mortgage Consultant to Ensure the Best Results Taking the step into home ownership is one of the most important financial decisions a person will make in their lifetime. There are many factors to consider when embarking on this venture. Literally hundreds of loan programs are available, and it is important to find the one that best fits your personal long-term goals. First and foremost, you must have a mortgage consultant in your corner that is willing to take the time to know what your long-term … [Read more...]
Mortgage Myths and Facts – Albuquerque Real Estate & Homes For Sale
Myth: The average person can't get a mortgage today. Fact: Legacy Mortgage and reputable Lenders are hungry for mortgages! It is true that big banks have been limited on the amount of real estate related assets they can hold in their portfolio, but true Lenders have the more then enough assets to lend and a full menu of flexible mortgage options available. Don't let the press scare you! Myth: Lenders can't be relied on to fund a loan, even if it is approved. Fact: Strong reputable Lenders such as … [Read more...]
Obama may soon make refinancing your Albuquerque home easier – Albuquerque Real Estate News
Some great news coming out of Washington that may affect many Albuquerque home owners and Albuquerque real estate as a whole. We might actually be able to refinance our homes into better interest rates! The Obama administration is considering further actions to strengthen the housing market, but the bar is high: plans must help a broad swath of homeowners, stimulate the economy and cost next to nothing. One proposal would allow millions of homeowners with government-backed mortgages to refinance them at today’s … [Read more...]
FHA 203K Rehab Loan for Albuquerque Real Estate
This week Wes has a great program for fixer uppers. This is a way to get money for repairs or upgrades when you buy the home, so you immediately have the funds to get the work completed ASAP. Great for first time buyers and Owner Occupied Real Estate. Check out this video to learn all the details. Wes Moore does Albuquerque mortgage loans and does them right! 23 years LOCAL experience. The Federal Housing Administration (FHA), which is part of the Department of Housing and Urban Development (HUD), administers … [Read more...]