Coming To A Home Near You!
I’m very excited to share with you a sneak peak of the latest article from your Oregon Real Estate Team. I think you will find that by the time you finish reading it you will have an all new enthusiasm for the unique circumstances that exist in the real estate market right now. As your personal real estate consultant, my goal is always to provide you with the best and most up-to-date market information. There are amazing opportunities present for Oregon home buyers and we want to create a sense of urgency while also breaking a very real and exciting story that will directly impact our local area in the future.
Stay-tuned for further updates regarding this very exciting six month Total Eclipse market campaign that my team and I are rolling out.
Isn't it nice to know you have a friend in the real estate business?
Click Here to read this Digital Article.
Michelle Johnson | The Area’s Voice in Real Estate
Direct 1.503.320.5141 via email michellejo@johnlscott.comvia web www.JohnLScottSherwood.com
The Advantages of FHA Loans
In many regions of the US, FHA loans have not been utilized for years, so a lot of real estate agents and mortgage originators aren't familiar with this great resource. The following are a just a few of the recent changes that have made FHA loans a more attractive option again for some consumers looking to buy a new home or refinance an existing one:
1) Congress passed the Stimulus Act of 2008. During the recent housing boom, home values surpassed FHA loan limits in many regions of the US. The recent enactment of this important legislation, however, increased FHA loan limits up to $729,500 in many high-cost regions of the US through the end of the year. FHA loan limits vary by county, so give us a call for loan limits in your area.
2) The FHA changed its appraisal and fee negotiating guidelines. In the past, many sellers steered clear of FHA loans because the appraisals were too strict and certain fees were non-negotiable. The FHA has greatly loosened these guidelines to make it easier for both buyers and sellers.
3) FHA loans are much cheaper now. Because FHA loans are federally insured, they tend to trade at a higher premium in the secondary market. This means lenders can often charge a lower rate.
Other FHA Benefits:
1) FHA loans are typically not credit-score driven. Borrowers usually can have a lower score than with other products and still qualify for a good rate.
2) FHA loans require as little as 3.5% down, and allow a) Sellers to finance up to 6% of the buyer's costs to close; b) Homeowners to take cash out up to 95% of the home's value; and c) Homeowners to consolidate first and second mortgages up to 97% of the home's value.
3) FHA loans allow down-payment assistance programs that are not seller-funded. *It is important to note that there are 22 ways in which FHA allows the funds for buyer contribution, including relative gifts and loans.
4) FHA loans allow non-occupying co-signers (i.e., mom/dad) to co-sign on the mortgage, even if the occupying signer (i.e. son/daughter) has no income. Note that specific restrictions apply.
Please let me know if I can assist you in any way.
Michelle Johnson / Broker
direct: 1.503.320.5141
via email : michellejo@johnlscott.com
via web: www.johnlscottsherwood.com
Good Afternoon,
Mortgage rates are slightly higher this week. On Wednesday The Fed voted to keep the benchmark rate between banks in a range of zero to 0.25 percent. Consumer spending reports came in better than expected and showed the biggest gain in two years. Despite rising unemployment and falling home prices, consumer confidence was up in April. Record low mortgage rates, moderate gasoline prices and surging stock prices are providing some relief for consumers and improving their confidence. Confident consumers are spending consumers—and spending consumers will play a huge part in pulling the economy out of its current situation.
Our local Oregon Real Estate Team welcomes the opportunity to serve you.
Take a moment and visit our services pages:
Seller Premium Services
Buyer Premium Services
First-Time Home-Buyers Services
Our Raving Fans - Testimonials
Call Michelle direct - 1.503.320.5141
via email michellejo@johnlscott.com
You have a friend in the real estate business.
I wanted to get you the link to this great article I found on CNBC about the housing market. This article has some very positive things to say about the increased activity among buyers and sellers across the nation making it a great link to forward to any family or friends who may still be questioning if now is a good time to buy.
Link to Full Article Here
Did You Know?—We Pay for Your Move.
In addition to securing the best real estate services and the best financing, when using our Realtor/Lender Team we provide the tools that you need for an easy transition into your new home:
Comprehensive moving and change of address checklist in the back of our home-buying guide.
A moving kit delivered to their current residence (Boxes, tape, marker, packing supplies, etc.)
List of new utilities with contact information.
Professional movers at no charge (2 movers and 1 truck for 5 hours plus 1 hour drive time)
Visit our Buyers Service Page to Lean More.
Michelle Johnson
Broker, and director of possibilities
Call me direct 1.503.320.5141
via email michellejo@johnlscott.com
Click Here to view a really positive article from CNBC that paints an improving picture of the housing market. It would be great article to forward to your friends and family who are sitting on the fence trying to time the bottom of the housing market.
Then take a moment to view our Premium Buyer Services...No one has the tools to assist buyers like our team!
Contact Us Today!
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