You’re probably expecting the punchline to a joke … sorry! The people in the photos above come from these diverse backgrounds and have all closed on new homes in the past couple of weeks. What they have in common is their love for research.
They researched a little deeper
There are so many real estate web sites on the internet it is overwhelming at times. The majority of them offer the same things like market reports, the ability to search the MLS for homes, etc. What made these people arrive at the same conclusion and choose a little company like Finding Homes for You?
Exclusive Buyer Agent Approach
Isn’t if fun when you discover something that most people don’t know anything about?
New Rule from Fannie Mae Could End Up Ruining or Delaying Closing on Your Future Home
If you’re not very careful, a new rule just enacted June 1st by Fannie Mae, could put an end to your dreams of owning a home.
Fannie Mae has implemented what’s called “The Loan QualityInitiative (LQI). (Don’t you just love the names they come up with?)
The LQI is designed to make sure that the mortgage loans bought by Fannie Mae comply with its underwriting requirements.
What’s important to you is that this will require mortgage companies to double-check your financial information right before your closing. What they are going to do is “refresh” your credit report to look for any new debt or a lower credit score.
Some banks are checking this out just 2 days before closing!
Translation? Even though you may have been approved for the loan a month or two earlier, changes in your finances could cause the mortgage company to delay or deny your loan just as you are about to close on the home.
Read On for 4 Things You Want to Avoid Before Closing:
Congratulations to Parkway West High School in St. Louis for being selected by Newsweek Magazine’s annual ranking of High Schools.
There were only 13 high schools in Missouri selected for the list.
Less than 6% of the country’s public high schools qualify for this prestigious group.
Find out how these schools qualified and the other local High Schools that were included in this report along with what’s happening in the St. Louis Real Estate Market.
How a Missouri Real Estate Transfer Tax Could Impact You
We usually do not talk about politics or legislation in our blog, but this is something everyone needs to know. Whether you already own a home, or not, you need to know about a tax that already exists in 37 other states including Illinois, Iowa, Kansas and Arkansas.
It’s not come to Missouri … yet.
How would you like to pay a new tax when you sell your home? Please read on.
According to the Department of Energy, a quarter of Americans with two-car garages can’t park in theirs, and another third can only squeeze in one vehicle.
If you and/or your garage is on its way to being the next guest on A&E’s popular show called “Hoarders” you might want to read these helpful tips for restoring order to your garage.
The “home” was listed for $10 million, with 55,000 square feet, and as being “For Sale by Owner”.
However, the ad was a mistake disappointing potential home buyers everywhere. BTW, the description read like this:
“Not for sale in a strict sense but available for the right person every 4 years with the proper combination of credit, charisma and drive. Special consideration given to applicants with an Electoral College rating of 270 or better.”
Too funny! We wonder what the current occupant’s debt to income ratio is.
Special Provisions Allow Military Home Buyers to Capture Tax Credits
Extension of Homebuyer Tax Credit and Excemption from Tax Credit Recapture Rules Ease the Home Buying Purchase for Members of the Military
Military families seeking to buy a home can count on a little tax help. The Homebuyers Tax Credit which provided eligible buyers with a tax credit fo up to $8000 for first time buyers and $6500 for repeat home buyers ended on April 30, 2010 for civilians.
However, active duty military or those on extended overseas duty now have until on or before April 30, 2011 to take advantage of this great benefit! Get the details here …
Here’s some news that is surprising a lot of people-mortgage rates have dropped below the 5% level.
The housing industry had been bracing for a season of rising interest rates brought on by the end of the Federal Reserve $1.25 trillion (yes, trillion) mortgage-securities purchase program.
Instead, many in our industry now say rates could drift as low as 4.5% this summer from 4.86% now, instead of climbing up to 6% as economists projected.
Translation? Lower payments for buying homes or refinancing.
Find out how the financial problems going on in Greece and all of Europe is actually helping you the buyer …
