Recent Posts
Tue, Sep 09, 2008
Financing Solutions with David Reed
Bridging the lending gap
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Have you witnessed this scenario? A client has his or her house on the market with an offer on another home — a contingent sale. And the client needs the proceeds from current house to make a down payment on the new one.
Of course, this is a relatively common event, especially if someone finds a dream house that they feel they have to act on quickly.
What to do? An initial answer might be to get an equity loan on the current home and use the funds as a down payment for the new one, paying off the equity loan when the old home sells....
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Mon, Sep 08, 2008
REDUCED – NOW $649,500 – BRING AN OFFER!!!
17328 Burwick Loop, Fairhope, AL 36532
The Meadows at Point Clear
Home built on Lot 51
· 4 Bedrooms (with option of finishing a 5th room upstairs)
· 2 full Baths downstairs
· 1 full Bath Upstairs for Bedroom No. 2
· Jack ‘n Jill Bath upstairs between Bedroom No. 3 and 4
· Auxiliary Laundry area in Master Bedroom downstairs
· Full Laundry area upstairs
· Each bedroom is cable-ready
· CAT 5 internet wiring throughout
This beautiful home also consists of the following:
· Red oak floors throughout downstairs
· Interior solid core doors
· Proshield windows throughout – vinyl clad outside –...
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Wed, Aug 27, 2008
AHFA “First Step” Bond Money Program - A Piece of Cake
By: Rob Smith
Alabama Housing Finance Authority has brought back the Mortgage Revenue Bond Loan, and it’s a Piece of Cake! The First Step program is designed for low to moderate income applicants. It is a 30 year fixed rate mortgage loan with a below market interest rate and up to 100% financing for down payment and closing cost assistance.
Interest Rate: 5.875% (current issue) 30yr fixed rate loan
Programs: FHA, VA, Rural Development, and My Community Mortgage Conventional Loans. There is also newly enhanced down payment assistance available with First Step loans.
Income: Total household income and sales price of the home cannot exceed federally established income...
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Wed, Aug 27, 2008
Shopping Around the Red Tape - Financing the Purchase of a Home
Financing the purchase of a home is likely to be one of the most important decisions and significant investments that most people will make in a lifetime. Shopping around can be a very critical part to ensuring that every need is meet by your financing company. Think about it, when job hunting or applying to college, people rarely set their sights on just one position or college. It’s foolish to put all of your eggs in one basket. So why put your life savings and emotional energy on a house purchase at stake by applying for a loan with only one financing company? Shop around, weigh all your options and examine carefully their programs and services. Then you can wisely...
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Tue, Aug 26, 2008
Water - at least 1 gallon daily per person for 3 to 7 days
Food - at least enough for 3 to 7 days
— non-perishable packaged or canned food / juices
— foods for infants or the elderly
— snack foods
— non-electric can opener
— cooking tools / fuel
— paper plates / plastic utensils
Blankets / Pillows, etc.
Clothing - seasonal / rain gear/ sturdy shoes
First Aid Kit / Medicines / Prescription Drugs
Special Items - for babies and the elderly
Toiletries / Hygiene items / Moisture wipes
Flashlight / Batteries
Radio - Battery operated and NOAA weather radio
Telephones - Fully charged cell phone with extra battery and a traditional (not cordless) telephone set
Cash (with some small bills) and Credit Cards - Banks and ATMs may...
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