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Renting? Want ot Buy a Home? Don't Wait! It is now less costly than you might think.
25 March 09 10:08 AM | Derick Drumm | 0 Comments   
You've been renting. You dream of one day owning a home, but just can't see it happening in the near future. Why? Because you've heard that banks aren't loaning money. You've heard that you need 20% down to qualify. You've heard Read More...
Thinking About Selling your Home? Want to Move up? Waiting for a Sellers Market? Think Again!
24 March 09 11:24 AM | Derick Drumm | 0 Comments   
In today's market, I talk to a lot of homeowners who believe that the best time to sell and move up to a larger home, better neighborhood, great school district, etc. is when prices are rising (aka a seller's market). This couldn't be further Read More...
Obama Plan -- Details of Bank Rescue Plan Released -- Finally
23 March 09 09:56 AM | Derick Drumm | 0 Comments   
March 23, 2009 Today, details of the bank rescue plan were released. Simultaneously, the stock market surged on this news and what the media is calling an unexpected increase in home sales (nationwide, existing home sales increased 5.1%). This is the Read More...
First Time Home Buyers -- Now is the Time to Buy Your First Home
22 March 09 12:09 PM | Derick Drumm | 0 Comments   
There may never be a better time for first time home buyers to purchase their first home. Sadly, many that can afford to purchase a home are going to miss out. Why? All I have to do to get the truthful answer is to look back at our first home buying experience. Read More...
Facing Foreclosure? What are your options?
11 March 09 05:29 PM | Derick Drumm | 0 Comments   
You now have more options than you did prior to March 4 th of this year. If your loan is a Fannie Mae loan, you may be able to get a loan modification to a lower rate or total loan amount. You may also be able to refinance if your amount owed is not over Read More...
When is the right time to buy a home, move up to your dream home or invest in Real Estate?
05 March 09 05:43 PM | Derick Drumm | 0 Comments   
In this economy, the answer may surprise you. It is now! Let me explain. Since housing statistics first started being recorded with the inception of the VA loan program back in 1942, housing values have steadily increased at a rate of 3 to 5% per year. Read More...
Modification Opportunities for Those At Risk of Foreclosure
05 March 09 11:01 AM | Derick Drumm | 0 Comments   
March 4, 2009 The Obama Administration unveiled the final details of its "Making Home Affordable Program," which is designed to help up to 9 million American families refinance or modify their loans to a payment that is affordable now and into Read More...
6 Items to Have on Hand for the New Owners
15 April 07 07:41 PM | Derick Drumm | 0 Comments   
1. Owner’s manuals for items left in the house. 2. Warranties for any items left in the house. 3. A list of local service providers—the best dry cleaner, yard service, etc. 4. Garage door opener. 5. Extra sets of house keys. 6. Code to burglar Read More...
Moving Tips for Sellers
15 April 07 07:38 PM | Derick Drumm | 0 Comments   
1. Give your forwarding address to the post office, usually two to four weeks ahead of the move. 2. Notify your credit card companies, magazine subscriptions, and bank of the change of address. 3. Develop a list of friends, relatives, and business colleagues Read More...
What You’ll Net at Closing
15 April 07 07:36 PM | Derick Drumm | 0 Comments   
To find out how much money you’ll net from your house, add up your closing costs and subtract them from the sale price of the house. Closing Costs for Sellers Mortgage payoff and outstanding interest Prorations for real estate taxes Prorations for Read More...
10 Things a Lender Needs From You
14 April 07 06:47 PM | Derick Drumm | 0 Comments   
1. W-2 forms or business tax return forms if you’re self-employed for the last two or three years for every person signing the loan. 2. Copies of one or more months of pay stubs from every person signing the loan. 3. Copies of two to four months Read More...
10 Questions to Ask Your Lender
14 April 07 06:45 PM | Derick Drumm | 0 Comments   
Be sure you find a loan that fits your needs with these comprehensive questions. 1. What are the most popular mortgage loans you offer? 2. Which type of mortgage plan do you think would be best for us? Why? 3. Are your rates, terms, fees, and closing Read More...
5 Property Tax Questions You Need to Ask
14 April 07 06:43 PM | Derick Drumm | 0 Comments   
What is the assessed value of the property? Note that assessed value is generally less than market value. Ask to see a recent copy of the seller’s tax bill to help you determine this information. How often are properties reassessed and when was Read More...
How Comprehensive Is Your Home Warranty?
12 April 07 07:20 PM | Derick Drumm | 0 Comments   
Check your home warranty policy to see which of the following items are covered. Also check to see if the policy covers the full replacement cost of an item. Plumbing Electrical Systems Water Heater Furnace Heating Ducts Water Pump Dishwasher Stove/Cooktop/Ovens Read More...
What Your Home Inspection Should Cover
12 April 07 07:18 PM | Derick Drumm | 0 Comments   
Siding: Look for dents or buckling Foundations: Look for cracks or water seepage Exterior Brick: Look for cracked bricks or mortar pulling away from bricks Insulation: Look for condition, adequate rating for climate Doors and Windows: Look for loose or Read More...
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