(979) 764-2100 Century 21 Beal Inc.
Among the many items in the Housing and Economic Recovery Act of 2008 that are designed to help real estate and the overall economic market is a temporary $7,500 tax credit for first-time homebuyers. Here is a fact sheet prepared by Gregory S. Brown, Assistant Staff Vice President for Government Affairs of (more...)Continue Reading!
I received a note yesterday from a friend of mine named Tony Varisco. He is an associate of Laraby Financial Group, Inc., a mortgage lender with offices in Bryan, Texas. His note had an attachment from one of his investors regarding new guidelines from Fannie Mae on the conversion of principal residences or investment properties. I called him to ask some questions, and here is what he said. It seems that Fannie Mae, the private, shareholder-owned, NYSE-listed financial...Continue Reading!
Why FHA Loans?
Many buyers are being approved for FHA loans. It leaves a lot of you asking, "What is this?" Many others are not applying because they say "I already have/had a FHA loan" or "I am not a first time home buyer." What does this new era of FHA loans mean? It means the days of the "dreaded" FHA loans are over! FHA loans are loans that are backed by the government. The Federal Housing Administration...Continue Reading!
Ok, so it’s a “Buyer’s Market”- Now What?
If you have lived in Bryan-College Station for very long, you know that we have a booming market, not only in Real Estate, but as a whole. Recently, we have seen a decline in many industries, and though stronger than most every City in America, we too are starting to feel the decline. With interest rates back at the "all time lows" and all of these new tax advantages, how could we have any economy (more...)Continue Reading!
Soooo, you forgot to drain the swamp, did you? Well here's a quick tip to getting your credit back on track and the alligators off your backside. There are websites for obtaining a copy of your credit report. Use one and see what's on that report. Ah, so you found where the alligators are coming from. Ok, start damage control now. First make sure these are your debts because there is that sticky situation called...Continue Reading!
Closing Cost? What Are They Asking Me To Close? I Thought I Was Buying….
Closing costs are simply this: the costs of borrowing money, establishing the loan, purchasing title insurance, establishing escrow charges, conducting pest inspections and preparing the necessary documents to finalize the sale. These costs may be significant and are easily overlooked by a first time buyer. The Costs of Borrowing Money. This includes what some lenders call "discount points," a one-time charge to adjust the yield on the loan to what market conditions demand. Each point equals 1% of the mortgage amount....Continue Reading!
