Getting a pre-approval letter will get you ahead of the game, and keeping your credit quiet will help you to the finish line! Here are some other pointers in the “winning the game” of closing on a home with a mortgage!   We know that buying a home can be intimidating with so many steps.…

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WEEKLY UPDATE –  JULY 21, 2017 A Brief Synopsis Of The Week’s Economic News And How It Affects Real Estate and Rates    US median home value just smashed the record A typical home in the US was worth $200,400 in June, smashing through the $200K barrier for the first time. The record was set following…

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Mortgage Memo Today’s Topic: Big 3 Mortgage Program Refresher It’s always a good idea to review the basics!  Conventional (Fannie Mae and Freddie Mac) 3% down for 1st time home buyer. 5% minimum down for everyone else. PMI rate moves with % down and credit score. PMI goes away once you have 20% equity. Option…

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Thanks to Taylor Ortiz for sharing his Mortgage Update with us! We thought you might be interested in this information also. Taylor Ortiz is a Sr. Loan Officer with Fairway Mortgage located in Edmond at 2575 Kelley Pointe Parkway, Suite 180. If you would like to contact him to get pre approved or have questions…

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Taylor Ortiz’s Mortgage Memo Today’s Topic: Amortize: reduce or extinguish (a debt) by money regularly put aside.            The new year is very often a time to review one’s financials so there is no better time to re-visit how a loan behaves.  The basics – Let’s use a $100,000 loan at 5% interest. One month’s…

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Weekly Mortgage Memo Products/Industry News: We’re collecting more and more information about borrowers. On new construction I send the buyer a list of things to keep in mind as the home is being built. This is also a good idea for anyone who is shopping for a home. Here then are the Ten Commandments of…

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The RED Team has been BUSY BUSY this past week and therefore, I keep forgetting to update the blog. Sorry everyone. I will try to do better this week! Also, if you are looking to buy a home or sell your home, call us! We have some great new homes on the market and some…

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  Well, I told you so….Yes, fears over Greece calmed down and rates ticked up.  But don’t you worry.  There was more bad news out of Europe this week as the International Monetary Fund is asking for more money, implying that they don’t have enough money to stop a meltdown in Greece, Italy, Spain and…

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It was a rather quiet week regarding economic data.  The big news was Greece.  Apparently they have agreed upon a solution to handle their debt…but that is BEFORE their elections, which happen soon.  No one knows if the resolution will stick or not.  So the markets reacted accordingly and at the end of the week,…

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It was another good week for U.S. economic data as January ended on a high note:  A robust gain of 243,000 payroll jobs (well above the consensus); A drop in unemployment from 8.5 to 8.3 percent; An increase in the ISM manufacturing AND non-manufacturing indices; And finally, an improvement in year-end housing starts.  This continues…

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