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125% Refis Coming Your Way |
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Wednesday, 01 July 2009 19:39 |
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Well, maybe. The Obama administration is expanding the Making Homes Affordable plan for refinances of 125% of loan to value. It was previously at 105%. However, no word yet on what other limitiations this expanded plan will have, beyond who backs the mortgage. Your mortgage must still be backed by Fannie Mae or Freddie Mac and who it's with now and who you will refinance with determines when you can take advantage. Interest rates have skyrocked. The national average rate is now at 5.45% not the sub 5% loans many were so excited about a few short months ago. More information. I'll post the details as they are announced as I'm sure there are many homeowners in our area anxious to refinance. |
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Tuesday, 30 June 2009 18:41 |
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I'm going to start covering listings in a bit more detail a few times a week. As there are very few resale homes in the neighborhood, and we rarely hear about a resale closing price, I wanted to cover a Miller & Smith Clara Bow resale which closed on the 22nd of this month. It was listed at $574,500 and on the market for 80 days prior to ratifying a contract. It closed at $586,842 and there was a seller susidy of $17,605. The net to the seller was $569,237, so that's pretty close to asking price (and that's been a recent trend). It's also pretty close to recent appraisals I've heard for this floorplan. My current listing on Courtland Park, which is also a Miller Smith home, is the predecessor to this home. Call to see. |
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Last Updated on Tuesday, 30 June 2009 18:53 |
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A Tax Credit for all Homebuyers? |
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Wednesday, 17 June 2009 18:49 |
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The current homebuyer credit is only for first-time homebuyers and the buyer does need to meet certain income requirements. If Senator Isakson from Georgia, gets his way, there will be a $15,000 homebuyer tax credit for all buyers. The credit would come at a significant price to taxpayers though, to the tune of $35 billion. See the whole story. |
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Monday, 22 June 2009 18:30 |
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My listing on Courtland Park is the only resale home in MLS in Brambleton under $600,000. It's located in the original section of the neighborhood so is a short walk from Legacy Park and the town center with the movie theater and fabulous restaurants and shops. If you see a Brambleton home in your future, this could be it. Take a look and call or e-mail to schedule a showing. Courtland Park Listing |
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Friday, 12 June 2009 07:45 |
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If you are househunting in Brambleton this weekend, I would love to show you my Courtland Park listing. The home is a straight resale, not a short sale as many of the single family homes in Brambleton are right now. That means no waiting for short sale approval which could take weeks or months. This home has been impeccably maintained, professionally decorated and is ready for a new owner. We've gotten lots of great feedback. To schedule a team to see, give me a call or drop me an e-mail. |
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