Update October 30, 2012 ~ I love calling prospects in the north after a big snow storm and talking about the weather on Hilton Head. I mention the blue skys, apologize for the 6o degree temperatures, but tell them its supposed to be warming up, you know. The photo to the left was sent to me today from a client from West Virginia today. Not only is our Hilton Head weather good, we shovel a lot of sunshine on Hilton Head Island with over 200 days of sunshine. Read the rest of this entry
Get a free credit report today!
Now is an incredible time for you to purchase a new property or look at refinancing your current property. To be sure you do not miss out on this opportunity Mortgage Network is offering a free credit report with every consultation.
All credit reports are not the same!
It is important to note that while credit reports are available online, the scores do not accurately reflect your score when being considered for mortgage purposes. Liabilities are weighted differently when the report is done for mortgage purposes rather than informational purposes. Our report will give you immediate insight into the interest rates and terms that are available based on your score.
Looking forward to an exciting 2010!
Senior Loan Officer
Mortgage Network, Inc.
1000 William Hilton Parkway
Hilton Head Island, SC 29928
Staging or furnishing deadlines!
The days of no interest, no payments will soon be gone at Rooms to Go. If you want either Vacant Home Staging or just some additional pieces of furniture and not make a payment on until 2012 please let Kalyani know ASAP. The last day to be able to order is 2/15/10! I’d need to have everything ready to be ordered by then.
Home Staging In Paradise
Are you making a move on Hilton Head Island?
Deadlines are rapidly approaching for Tax Credits for first time home buyers and home sellers considering moving up. The Worker, Homeownership, and Business Assistance Act of 2009’s tax credit of up to $6,500 for qualified move-up home buyers ends April 30, 2010. You can purchase by June 30, 2010 but must have a binding sales contract signed by April 30, 2010. The first time buyers tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence also ends April 30, 2010. A purchase completed by June 30, 2010 (with a binding sales contract signed by April 30, 2010) may qualify.
Historically low interest rates, historically low housing prices in most areas and great values in the move up home market make this the perfect time to act. Call me for a free consultation to run the numbers for you. Don’t miss out on the great values!
Looking for an FHA loan on Hilton Head?
There is a strong indication that loans handled by FHA Mortgages, will be changing in the near future. These FHA backed mortgage programs are going to be adjusted or even overhauled. These changes, depending what the changes are, will most likely influence the real estate market as a whole.
During the real estate boom the use of FHA mortgages dropped to around 2% of the loans. That figure has shot up to 25% and even higher in some markets. Any substantial changes to FHA lending requirements could affect in some cases, the most active segment in many real estate markets.
Congress is pressing on FHA to tighten the standards toward borrowers. The options on what they will do to tighten these standards are broad and could include increasing FICO scores, require more amount of the down payment and reducing Seller contributions to closing costs
All these have been expressed and are being explored and if you are a buyer that needs an FHA loan, the time to act is now! Don’t take a chance on time…email us today at firstname.lastname@example.org or call us toll free at m1-800-932-3652 to get your foot in the door now!