What is your goal? If your goal is to keep your monthly payments as low as possible and you have a specific time frame for selling your property, an ARM might be the best option for you.  If your goal is to pay down the loan quickly or to avoid the risk of increasing monthly payments, then a fixed-rate mortgage might be a better option.  If paying the loan down quickly is your goal, a 10 or 15 year mortgage may fit your needs as well.

Danielle Hifko

New American Mortgage

Lots of different loan programs to choose from – several programs with nothing to little down.

Rates near historic lows and possible tax advantages

A buyer’s market with plenty to choose from and favorable prices

And of course…the pride of homeownership!

Call me today to get qualified for a mortgage!

Danielle Hifko

New American Mortgage

910-581-6398

- Debt-to-income will tell us how much money you make and how much money is being spent.  This tells the lender what payment you would be able to make each month.

Interest rates can greatly affect your loan amount and how much home you can afford.

But what determines interest rates?

– Type of mortgage, credit history, loan amount, and current market conditions.

Contact me today to find out how much house you can afford!

Danielle Hifko, Mortgage Consultant

New American Mortgage

910-581-6398

-          A rising mortgage payment due to an ARM loan resetting

-          Consolidating your first and second mortgage to reduce your overall payment

-          Using home equity to fund an important purchase

-          Consolidating credit card debt or other high interest debts

-          Eliminating PMI (Private Mortgage Insurance) payments

When was your last mortgage check-up?

We go to the doctor every year for check-ups…your mortgage should work the same way.  You need to check your mortgage every few years to see if there are better options out there for you.

Call me for a free mortgage check -up!

Danielle Hifko

910-581-6398

Mortgage Consultant

New American Mortgage

When purchasing or refinancing a home, good credit is CRITICAL to get the best offer.  Answer me this – What do you do to protect your credit when you are getting a mortgage?  How do you make sure your scores don’t decrease?

Let me help you…

Make sure you:

1.         Stay current on all accounts – one late payment can drastically hurt you!

2.       Continue using your credit as normal

3.       Call your mortgage consultant before doing ANYTHING with your credit!

Biggest Oopsies!

1.         DO NOT apply for new credit (no co-signing either!)

2.       Don’t pay off old collections or charge offs

3.       Don’t close any credit card accounts

4.       Don’t max out or over charge accounts – try to keep your balance under 30% of your limit!

5.       Don’t consolidate your debt – this may raise your ratio on that card

I can only use my VA loan one time.

Incorrect!  Yes, your eligibility is reusable depending on the circumstances. Normally, if you have paid off your prior VA loan and disposed of the property, you can have your used eligibility restored for additional use.  Also, on a one-time only basis, you may have your eligibility restored if your prior VA loan has been paid in full but you still own the property.

Difference between first time use and subsequent uses??

When using your VA eligibility for the first time, there is a 2.15% funding fee.  Anytime the eligibility is used after that, you are charged a 3.30% funding fee.  Is there a way around this? – Yes, if you receive at least 10% disability, you are exempt from this VA fee!

Want to know more, contact me!

Danielle Hifko

Mortgage Consultant

New American Mortgage

825 Gum Branch Rd

Jacksonville, NC 28546

Cell 910.581.6398

Fax 910.672.8597

NMLS # 325223

License # I-149925

What is Currently under contract:

Under $100,00: 8 Homes

$100,00-$150,000: 24 Homes

$150,000-$200,000: 22 Homes

$250,000 – $300,000: 24 Homes

$300,000 – $350,000: 12 Homes

$350,000-$400,000: 5 Homes

Over $400,000: 16 Homes

There are Currently 1181 Homes for sale in Craven County to include New Bern, and Havelock.

From August 17 to Sept. 17 2008: 73 Homes have closed

Compare these to the home sales stats for August 2007.

1. If you are paired with a Real Estate Agent referred to you by a bank, make sure they are acting in your best interest? If they are associated with a referral company, then they must maintain their allegiance with that company.

2. Get a good faith estimate from your mortgage company and do not rely on verbal quotes. If it is not in writing then it can not be guaranteed.

3. If you do not look further than the first mortgage company you come to, do not expect to get the best deal. Go to 3 recommended companies and get good faith estimates to compare them side by side.

On July 30th 2008, The President of The United States signed a bill that will help our housing economy get back on it’s feet, or will it?

This new bill HR 3221 called Housing and Economic Recovery Act of 2008, will provide tax breaks for the first time home buyer.

The first time home buyer will receive a tax credit equal to 10% of the purchase price of their home up to $7,500 but this is temporary and will need to be repaid.

This credit is also tied to ones adjustable Gross Income and there is a time limit in which to buy your home.

To Read More About this New Tax Law go to this web site.

An effective way to deal with predators is to taste terrible.