I know you hear all the time how Jumbo rate mortgages are so much more expensive and thus buyers are not able to buy homes over $417,000 without either a substantial penalty or paying the difference in cash.
Well that is no longer the case, as of today, July 29,2009, here are the rates from Bobby Green with Bank of America,
· 30 year JUMBO (over $417,000)
0/0 5.875 0/1 5.5%
· 15 year JUMBO
0/0 5.5% 0/1 5.25%
· 5 year ARM
0/0 5.625% 0/1 5.25%
This is about as low as I have seen them, so now is the time to take advantage of these rates and the low prices and buy that dream home now in beautiful Charleston, SC.
Let me know if you or anyone you know is interested. Homes are selling now, I think we have rounded that curve and prices are stabilizing.
Call or e-mail me anytime if you have any questions about real estate, Sincerely,
David Wertan of RE/MAX Advanced Realty in Mount Pleasant and serving all of Charleston
Wednesday, July 29, 2009
Tuesday, July 7, 2009
Avoid Foreclosure
I don't know why but people that are in Foreclosure also seem to be in denial or they just don't know the facts.
Fact: a Foreclosure will haunt you for years and years. On any job interview, for security clearances, promotions at work, any position of responsibility may be jeapordized, you have to answer yes to question on applications, Have you ever had a foreclosure or given a deed in lieu of foreclosure?
There is a solution and it seems that most people don't know about it or they are scared to ask for details.
It is called a Short Sale. This is where the bank approves you selling the home for less than what you owe in order to reduce their losses.
They will pay the Real Estate Commission and all other expenses so it cost you absolutely nothing.
Also a Short Sale does not show up on your credit, if it does it will show you missed a few payments, there is no question have you ever had a short sale? it will not jeapordize your job or other standing, your banking relationships or ability to borrow money in the future.
This is so important that we get this information out to as many people as possible to help them before it is to late.
The only thing required of you is cooperation with your Realtor.
If you don't call me at least call a Realtor that knows their way around the Short Sale process and they can help you avoid foreclosure now.
Pass the word, Sincerely, David Wertan of RE/MAX Advanced Realty 843-270-6455
Fact: a Foreclosure will haunt you for years and years. On any job interview, for security clearances, promotions at work, any position of responsibility may be jeapordized, you have to answer yes to question on applications, Have you ever had a foreclosure or given a deed in lieu of foreclosure?
There is a solution and it seems that most people don't know about it or they are scared to ask for details.
It is called a Short Sale. This is where the bank approves you selling the home for less than what you owe in order to reduce their losses.
They will pay the Real Estate Commission and all other expenses so it cost you absolutely nothing.
Also a Short Sale does not show up on your credit, if it does it will show you missed a few payments, there is no question have you ever had a short sale? it will not jeapordize your job or other standing, your banking relationships or ability to borrow money in the future.
This is so important that we get this information out to as many people as possible to help them before it is to late.
The only thing required of you is cooperation with your Realtor.
If you don't call me at least call a Realtor that knows their way around the Short Sale process and they can help you avoid foreclosure now.
Pass the word, Sincerely, David Wertan of RE/MAX Advanced Realty 843-270-6455
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