New on the market for sale
RE/MAX Associates
(817) 276-5149
http://www.steveyoung.pro
http://www.steveyoungtexasrealestate.pro
https://stevesellsdfw.wordpress.com
steve@steveyoung.pro
Ahh, Mac's bar & grill, great place for blogging…at the bar…no pressure!!
I love this statement I saw advertising bond money available…"borrower must have sufficient income to repay the loan". Wow, we sure are asking a lot from these folks. When did this become a condition?
New listing: http://www.1803nueces.com
Check it out & have a great 2010!
Two dates lie on the horizon that will impact interest rates and potentially home prices. The first program scheduled to end is the Federal Reserve's program for purchasing Mortgage Backed Securities. Announced in November of 2008, the Fed began purchasing $1.25 trillion in mortgage bonds in 2009 which will culminate at the end of March. As the intention and result of this program was to lower rates, mortgage rates will likely begin to rise after the program concludes.
In addition, April 30, 2010 is the last day to enter into a home purchase contract and still potentially qualify for a federal income tax credit of up to $8,000 for first-time home buyers and up to $6,500 for repeat home buyers. The credit can be claimed only on contracts that close by June 30, 2010.
While no one knows for certain what the future holds, one thing does appear clear. Home loan rates and home prices both will be higher in the future. If you or anyone you know is looking to purchase or refinance a home, waiting could be costly!
Steve Young
RE/MAX Associates
(817) 276-5149
http://www.steveyoung.pro
http://www.steveyoungtexasrealestate.pro
https://stevesellsdfw.wordpress.com
steve@steveyoung.pro
Fema has recently issued flood map updates through out the country. I remember a property I had in early 1990's that had just been updated to being in a flood plain & this happened 2 weeks before closing. Almost lost the deal!!
3-2-2 in North Arlington Pecan Park Addition.
Two Main Benefits to the Homebuyer:
⇒ 5.05% fixed mortgage rate.
⇒ 3.00% down payment and closing cost assistance grant. For example, on a $100,000 loan amount, home buyers will receive $3,000 in assistance.
Call me to get more info,
Steve Young
RE/MAX Associates
(817) 276-5149
http://www.steveyoung.pro
http://www.steveyoungtexasrealestate.pro
https://stevesellsdfw.wordpress.com
steve@steveyoung.pro
Hope all had a great start to the new year. Interest rates remain low & there are still some really good buys out there in residential & commercial real estate. There is talk of rates going up, Call me to discuss this at 817 276 5149 or email steve@steveyoung.pro
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