Is now the time to REFI

June 30, 2010

Vince Murray with Tidewater Mortgage services Refi’s

Is refinancing your home a good idea even if you’ve been in the house for a short period of time?

Yes, the rates are in the 4’s now and it makes sense especially if you go with a 15 year loan. These rates are lower, sometime by a ½ % or more for a “par” rate comparison.

Par is the going rate without paying any discount points to achieve that rate- meaning”0” points to buy down the rate. [You can pay up front to lower the interest rate.]

In some instances the switch to a 15 year rate does not increase the monthly payment that much, especially if the client has paid on the 30 year note for a few years. With the reduced loan amount and the new reduced mortgage rate sometimes it can actually be lower per month.

A recent loan I had done involved a single woman that had paid 8 years into a 30 year loan. I was able to knock off 7 years of the loan and reduced the payments by about $93 a month. She had financed less money for a shorter term and at a better rate. I believe that it was less than 2 % difference in the two loan rates.

This same woman referred a neighbor of hers to me. In this case, her neighbor refinanced the original 30 year loan amount for 15 years and kept the cash difference to apply to some remodeling work. Her payment went up $106 a month, but knocked 8 years off her loan, and she was able to pay for the cost of the remodeling job. These are probably two exceptions to the general rule, but a 15 year loan saves so much money that it is worth it in the long run if you can afford the difference, since the rates are so low now.

Whether it is a new purchase or a Refi, the time is now. When the government decides the value of the dollar is too low or you hear the word inflation in the news a few times during a weeks’ period, watch out- higher rates will follow the next week. I try to encourage people to act now and find out what can done for them because I don’t want them to say, “I wish I had refinanced when the rates were lower.” I know that has happened to me on more than a few occasions. The rates are at an all-time low now and it brings great satisfaction helping people get the most for their money. Especially afterwards when they say “that was easier than I thought.”

Since completing the new testing and licensing requirements, I am more excited about the mortgage business. The new changes have been very positive. I have been receiving more new referrals and I can say that I have made many great new acquaintances. It’s nice to be involved in a business where you can help people actually find “new” money by refinancing or by giving them a peace of mind that they are getting the best deal available on buying their house.

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What do you mean my shed is a concession ?

June 24, 2010

Kevin Warren with Mclean Mortgage talks about seller concession and seller contributions. Do you know the difference and do you know how the Realtor/Agent should be writing this for the contract ? How do you list a flat screen TV or that car and vacation the seller was going to give you to buy the house. Call Kevin Warren today to see how he can help you navigate the Loan process and get your the best deal! ame Kevin Warren Company McLean Mortgage Corporation E-mail Contact Kevin Warren (McLean Mortgage Corporation) Website http://www.kcwarren.net Cell Phone (757) 237-4920 Address Virginia Beach, VA, 23452 Description I specialize in sincere customer service for residential property mortgage needs. I also strive to understand the dreams and desires of my clients and make them reality.

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Staging your home with Clear the Clutter Bekins Moving

June 24, 2010

What will your neighbors say about the pods sitting in the your drive way ? Everyone knows your moving and will this encourage someone to "break-in " Courtney Coe with Bekins Moving talks about using the Clear the Clutter program. Are you looking to sell your home and you have not place to store everything. Are you dreading moving twice once to clear it out then again when you move to your finial place. Listen to how this program can help you de-stress and relax during this process. Let Bekins help you ! Get an Estimate here http://www.bekins.com/moving/Full-Service-Household-Move-Get-an-Estimate Or call

Courtney Coe 757-274-8369 Certified Moving Consultant at Bekins A-1 Movers Relocation Consultant at Bekins A-1 Movers, Inc

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Meet Lee Pridgen with FarmBureau

June 24, 2010

Lee Pridgen Agent (o) 757-467-0603 (c) 757-620-0361 (f) 757-467-0508

1055 Kempsville Rd Virginia Beach, VA 23464 www.FarmBureauAdvantage.com

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Is your home costing you money ? Would you like an energy audit ? Who can help me with a 203k Rehab?

June 24, 2010

Virginia Home Performance - Met Ray and hear how his company can help you have a better more efficient homes. EEM mortgage and new construction ratings.

Welcome to Virginia's Best Home Performance Contractor! A drafty home, rooms that are too hot or too cold, and high energy bills are all common issues for homeowners. A quality installation of a new heating or air conditioning system, buying replacement windows, or adding more insulation may fix part of the problem, but the way to better results is through an integrated "whole-house" approach that looks at your most valuable investment as a system.  We pride ourselves on diagnosing your homes issues and fixing them right the first time!

Virginia Home Performance Hampton Roads 900 Commonwealth Place, Suite 200 Virginia Beach, VA 23464 (757) 309-4786 - Office (757) 313-6634 - Fax (800) 757-6955 - Toll Free Office or Fax 

Energy Efficient Mortgages (EEMs) has received a majot boost when the Federal Housing Administration (FHA) recently increased its limits for financing improvements to the energy efficiency of a home.

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Bekins - Get rid of the clutter and reduce stress

June 9, 2010

Clear the Clutter

BEKINS A-1 MOVERS Courtney Coe Certified Moving Consultant 757-274-8369 direct 757-466-9350 office

OVERVIEW: Discounted storage program designed to help realtors and homeowners clear the "extra stuff" hanging around a house to sell it faster and for more money. It's almost impossible to sell a house without renting a "POD" or self storage unit. Many home owners don't have the time and/or energy to pack, load and transport furniture and boxes to self storage units in a timely manner to get things out of the way before the house is listed. Communities are also cracking down on portable storage devices sitting in driveways for extended periods of time and may not allow them at all. Plus, even with it sitting in the front yard, many are getting broken in to.Bekins A-1, is offering a program where they bring out large storage crates that they pack and load and then bring back to their local storage facility, where they keep your belongings in a secure, regulated climate until your home is sold.The cost per crate is $250.00. This includes Bekins providing 10 boxes (packing them for the customer), loading boxes and furniture into the crate and storing for two months. After two months of storage, the cost is only $35.00 per crate, per month. Once the house is sold, Bekins A-1 can handle the "big move" whether it's locally, out of state, or international.Courtney can come out to the house to provide a free estimate, not just for the storage crates, but also price out the Big Move, so the homeowner can create a moving budget.Courtney also does presentations for Realty Offices in Hampton Roads for realtors wanting more information.

Courtney Coe Certified Moving Consultant

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Can you increase your home energy performance ? Meet Ray with Virginia Home Performance

June 8, 2010

Virginia Home Performance - Met Ray and hear how his company can help you have a better more efficient home. Rays company can help you qualify for a EEM mortgage or 203k Rehab.

Welcome to Virginia's Best Home Performance Contractor! A drafty home, rooms that are too hot or too cold, and high energy bills are all common issues for homeowners. A quality installation of a new heating or air conditioning system, buying replacement windows, or adding more insulation may fix part of the problem, but the way to better results is through an integrated "whole-house" approach that looks at your most valuable investment as a system.  We pride ourselves on diagnosing your homes issues and fixing them right the first time!

Virginia Home Performance Hampton Roads 900 Commonwealth Place, Suite 200 Virginia Beach, VA 23464 (757) 309-4786 - Office (757) 313-6634 - Fax (800) 757-6955 - Toll Free Office or Fax 

Energy Efficient Mortgages (EEMs) has received a majot boost when the Federal Housing Administration (FHA) recently increased its limits for financing improvements to the energy efficiency of a home.

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Where does my loan money come from ? And why do I care about GREECE ?

June 4, 2010

Meet Vince Murray with Tidewater Mortgage Services they are a direct lender for home loans. Vince is new to lending but not new to excellent customer service. Vince passed all is license test with flying colors. If your looking for a lender with EXCELLENT service call Vince today. He is ready to work for you . As a new lender he has the best education an no bad habits to hold him back. Thanks Vince it was a great interview. Vince's office near Lynnhaven Mall and easy to get to .

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