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Why Dealing with A “New Bern” Local Lender Can Save Your Life

Tuesday, April 29th, 2008

Money Does not grow on Tree’s, It does cost to get a loanAfter reading an article today from the

“Bloodhoundcalled

“We first warned

 you about Lending 

Tree a year ago”,   

 I am even more concerned when a client wants to use an Internet Lender! 

Apparently, some of Lending Tree’s former employees were allowing other lenders to steel protected private passwords of Lending Tree’s customers. They gave personal information to these outside predators such as social security number, income and employee data.   

 By the practices above, It only reconfirms the advise that I have been giving to my clients over the years I have been a Real Estate agent.  I have always recommended that my clients use lenders that they personally know or that are recommended to them from reliable sources. The safe thing about using a local lender is that they keep your information with in their organization, write their loans in house and are excessible to you face to face. Talking to someone face to face sure gives you a lot more information about who you are dealing with then a computer screen does. 

If there is an issue, a local mortgage company can provide you with answers in person that day, not have to wait for someone to pick up their emails. These local business men and women care about their reputation in the towns where they live and are less likely to do something wrong because of that reason. Real Estate agents like to work with these local individuals because of the services they do provide. They call back our clients in a timely manner, explain the loan process thoroughly and communicate with all of the other local experts involved in the transaction.

For these reasons and more I would always recommend a bank or mortgage company that I can reach out and touch, literally!        

VA Loans , They are Free Right?

Tuesday, April 22nd, 2008

Va Mortgages are not for Free 

Why do people think that if they are buying a home using a Va Loan that they will not have to put any money into the transaction?

WHY, because so many people, are getting either mixed messages or half truths by the lender that they are asking.

Truth, is that there are closing costs associated with buying a home that even military families have to pay.

These include but are not limited to:

  • Attorney Fees
  • Taxes
  • VA Funding Fee
  • Insurance
  • HOA Fees

The goal of their Real Estate agent is to get these payed for by the seller, by asking for assistance with their closing costs.

Their agent should also advise them to get at least 2 or 3 Good Faith Estimates from 2/3 different companies.

Far too often our military families are getting taken for a ride by loan companies that they believe have their best interest at heart. No names will be mentioned in this Blog but you know who you are!

They Claim to serve their members, but end up costing our brave men and women tons of money. They say things like WE do not charge mortgage insurance.

No VA loans Do this.

Do your research and take your time, this is one of the biggest investments you will ever make! 

Staging, Is it A Fact or Fiction?

Tuesday, April 22nd, 2008

Home Staging Helped During the Parade of Homes in New Bern NC this weekend,

I saw may people and asked them what they thought of the staged home that I was sitting in. Many thought that it was very well done and some even thought that someone actually lived in the home.

There is not a lot of furniture, appliances or even pictures on the wall but it definitely stool out among those that were not staged.

I also think that because it was staged that it helped when it came to the judging of the home itself.

Barb Schwarz says on her website that 93% of ASP staged homes sell on average in 1 month or less
AND
“Your Investment in ASP Home Staging will always be less than your first Price Reduction”
Barb Schwarz, The Creator of Home Staging

Remember, people can not buy what they can not see!

Warning: This Might Help you Understand Interest Rates

Saturday, April 12th, 2008

Why is it important for me to understand interest rates?

Well this is a big DUH!

How about saving money or buying a bigger home? If you just get this one concept then you will be ready to go shopping. Interest rates are not just numbers for bankers or mortgage people to review, they are for you. They affect things like your monthly payment and the total amount of money you would have spent on the home to name a few.

Here is an example that was given in an article called “Why Home Buyers Should Understand the Importance of Interest Rate Drops” by  Ki Gray

Using a mortgage calculator first let’s look at the difference between the mortgage on a 200k and the mortgage on a 195k house assuming a 6.5 percent interest rate.

200k  (6.5%)  Mortgage  $1264.13 per month
195k  (6.5%)  Mortgage  $1232.53 per month

The difference ends up being $31.60 a month.

Now let’s look at the difference between an interest rate of 6.5% and 6.0% on a 200k house.

200k  (6.5%)  Mortgage  1264.13 per month
200k  (6.0%)  Mortgage  1199.10 per month

The difference ends up being $65.03 a month or $780.36 a year. A simple half point drop lowered the mortgage payment by 5.4 percent.

Ki even has a tool for interest rates. 

When comparing mortgages, also keep in mind to note the differences in fees, although they may not affect your monthly numbers, you may pay more up front at closing.

Be Sharp, Save Money!  

Golf is not the Only Thing you can Find in Taberna

Saturday, April 12th, 2008

Look at this magnificent club house in Taberna.

It features a restaurant, bar, golf shop and more. Just to the right of this club house can be found a private pool just for members.

Tennis Courts and an 18 hole golf course can also be found here at TabernaTaberna Club House  

Here is what is happening at Taberna  

47 Homes that are currently on the market, priced $199,900 to $759,900

8 Homes are Pending or Under Contract, $238,876 to $393,900

8 Homes Sold since January 1st 2008, priced $280,000 to $475,000

 

Help Fight Cancer, Use Your Legs!

Wednesday, April 9th, 2008

Relay For Life

If you are a Survivor of Cancer, know someone that is or just want to help support the fight against Cancer?

 Come out to this event and give generously!

Relay For Life of Craven County 

April 25-26 7:00 p.m. – 1:00 p.m. – Grover C Middle School

Wal Mart is Not The Only Thing Happening in Havelock, NC

Wednesday, April 2nd, 2008

     Homes Pending in Havelock as of 4/2/08 

  • 143 Woodland Drive 14 $136,900 3/ 2 1400-1599
  • 125 Tarheel Dr 14 $140,000 3/ 2 1400-1599
  • 130 LUKE COURT 04 $149,900 3/ 2 1400-1599
  • 210 RIVERSHORE DRIVE 04 $149,900 3/ 2 1400-1599
  • 325 Little John Ln 14 $157,900 3/ 2 1400-1599
  • 111 BELLS COURT 14 $159,500 3/ 2 1400-1599
  • 141 CROOKED RUN DRIVE 04 $165,131 3/ 2 1400-1599
  • 588 GODETTE SCHOOL RD 14 $168,900 3/ 2 1400-1599
  • 504 GODETTE SCHOOL RD 14 $168,900 3 /2 1400-1599
  • 124 Crooked Run Drive 04 $171,000 3/ 2 1400-1599
  • 718 IRONWOOD DRIVE 14 $174,500 3/ 2 1600-1799
  • 7 ANN DRIVE 14 $174,900 3/ 2 1600-1799
  • 117 Manchester Rd 14 $184,900 3/ 2 1400-1599
  • 109 Two Putt 04 $185,000 3/ 2 1400-1599
  • 413 SATTERFIELD DRIVE 04 $189,900 3/ 2 1400-1599

Wal Mart in HAvelock Nc

 

 

The New “Wallie World” Hwy 70 Just past the back gate of the MCAS Cherry Point.   

When I did a Search in HAvelock for what was pending from 1400 to 1600 sq ft today, look what I found!  

According to NRRAR or our Board of Realtors stats, we currently have 15 homes that are under contract in Area 14, Havelock.   

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