The Benefits of getting a Pre-Approval

| Amy Curtin

  Getting a pre-approval from a lender is a more thorough loan application process verses getting a pre-qualification letter. Here’s a few reason why pre-approved buyers are ahead in the home buying game: If you make an offer on a home and then apply for a loan, you are at the lender’s mercy, who is […]

Loans

 

Getting a pre-approval from a lender is a more thorough loan application process verses getting a pre-qualification letter.

Here’s a few reason why pre-approved buyers are ahead in the home buying game:

  • If you make an offer on a home and then apply for a loan, you are at the lender’s mercy, who is aware that you do not have time to shop around.  It will always benefit you to shop around for rates, products and fees, every lender is different.
  • Having a pre-approval saves time spent looking at houses you cannot afford.
  • A pre-approval letter from a lender gives you a edge when multiple offers have been made on a house.
  • Pre-approved buyers can generally close escrow more quickly, since most of the work has already been done.

When your thinking about purchasing a home, your first step is to shop around for a lender and get pre-approved.  Your second step is to call a  REALTOR and let the fun begin.

 

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Happenings in Jamestown

| Amy Curtin

This Saturday, July 20, 2013 is the Tuolumne County Farm Bureau Annual BBQ & Auction.  It will be held at Hurst Ranch in Jamestown starting at 5pm.  There will be a silent Auction, Train Rides, Live Auction and Dinner.  Call 209-984-5922 for more info. Streets will be closed off for our 2nd annual Rods to […]

This Saturday, July 20, 2013 is the Tuolumne County Farm Bureau Annual BBQ & Auction.  It will be held at Hurst Ranch in Jamestown starting at 5pm.  There will be a silent Auction, Train Rides, Live Auction and Dinner.  Call 209-984-5922 for more info.

Streets will be closed off for our 2nd annual Rods to Rails car show in Jamestown.  It will be held on Saturday, July 27th.  Car show, Live Music, Raffles and Food.  There will be a shuttle to Railtown running all day.  So far we have 135 72′ & older custom and classic cars.  Stop by our office to register your car or call 209-984-0888.  Come down and enjoy the day.

 

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Mortgage Rate Down

| Amy Curtin

After last weeks surge in mortgage rates, rates have fallen.  The national average 30-year fixed loan dropped to 4.29 percent from 4.46 percent a week ago. The national average 15-year fixed loan fell to 3.39 percent from 3.50 percent last week. Mortgage rates are still inching their way up.  Our local Mortgage company has reported that […]

After last weeks surge in mortgage rates, rates have fallen.  The national average 30-year fixed loan dropped to 4.29 percent from 4.46 percent a week ago.

The national average 15-year fixed loan fell to 3.39 percent from 3.50 percent last week.

Mortgage rates are still inching their way up.  Our local Mortgage company has reported that just last week their 30-year fixed was at 4.36 percent and a month prior to that their 30-year fixed rate was 3.65 percent.

Monthly Sales Report – September

| Amy Curtin

Monthly sales and current listings for the month of September. Residential  – 52 Sold          Median Price – $235,ooo 15 Bank Owned - Median Price $198,000 4 Short Sale – Median Price $282,000 33 Private – Median Price $259,000 520 Active Listings          70 Bank Owned          36 Short Sales Land  – 2 Sold          297 Active Listings Commercial/Industrial  - 0 Sold          68 Active […]

Monthly sales and current listings for the month of September.

Residential  – 52 Sold          Median Price – $235,ooo

15 Bank Owned - Median Price $198,000

4 Short Sale – Median Price $282,000

33 Private – Median Price $259,000

520 Active Listings          70 Bank Owned          36 Short Sales

Land  – 2 Sold          297 Active Listings

Commercial/Industrial  - 0 Sold          68 Active Listings

Business Opportunity  – 0 Sold          11 Active Listings

Mobile Home  – 4 Sold          110 Active Listings

*Information provided by Tuolumne County MLS

Time is Running Out!!

| Amy Curtin

The first time home buyers tax credit is getting closer to expiring.  The $8,000 credit will expire on November 30, 2009.  If you act now you can still close in time to receive the credit.  Congress is considering to extend the credit beyond November 30th.  Some important facts: *The average time-frame from when you find a property […]

The first time home buyers tax credit is getting closer to expiring.  The $8,000 credit will expire on November 30, 2009.  If you act now you can still close in time to receive the credit.  Congress is considering to extend the credit beyond November 30th.  Some important facts:

*The average time-frame from when you find a property until it closes is 30-45 days.

*The tax credit is for first time home buyers only.  If you haven’t owned a home in the last three years, you are a first time home buyer.

*The tax credit does note have to be repaid.

*Single tax taxpayers with income up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.