TerrySellsHomes

"Click Some Great Real Estate Videos Here"

2008-03-15T14:43:00.000-07:00

Movie Time, Sit back, relax and enjoy an informative video from Coldwell Banker. Choose from Seller, Buyer and Remodeling Videos. Ready to buy or sell? Then it's time to give me a call. 918-902-5078 or E-mail me at tbavuso@cbtulsa.com

TerrySells Homes

New FHA Loan Limits

2008-03-15T14:13:00.000-07:00

"Click Here" Read News Paper Article, NEW FHA LOAN LIMITS
Breaking news, the FHA loan limits have been raised. (click title bar for article) Ready to buy a home? I think you will be surprised at how much you can borrow. I don't want to date myself but the limit for FHA loans was in the Eighty thousand range when I started real estate in 1992. So what's the big deal? For one, FHA-insured loans also benefit homebuyers in these ways: FHA down payments of 3 percent are lower than the minimum that many lenders require for non-FHA mortgages. Higher down payments are a major roadblock to homeownership. FHA's requirement for homebuyers credit ratings are more flexible than those set by many lenders for non-FHA borrowers. FHA permits homebuyers to use gifts from family members and nonprofit groups to make their entire down payment, while conventional loans generally require homebuyers to come up with a portion of the down payment from their own funds. FHA permits a borrower to carry more debt than a private mortgage insurer typically allows. Do you meet the criteria to apply for an FHA loan? Give me a call at 918-260-9932 or send me an E-mail: tbavuso@cbtulsa.com and let's discuss the pros and cons of an FHA loan.Mortgage maximums as of Friday March 07, 2008One-Family $271,050; Two-Family $347,000; Three-Family $419,400; Four-Family $521,250

Roller Coaster Ride (click here)

2008-03-03T21:55:00.000-08:00

This fun and informative video depicts home prices as they have progressed from 1890 to the present, adjusted for inflation, and represented as a roller coaster ride. Home ownership is a great investment and with present interest rates so low there isn't a better time to purchase a home or move up to a larger one. Look for the graph at the end of the ride. It puts it all in perspective. For the most part, it's always been a great time to buy a home. Give me a call at 918-902-5078 and let's get started looking for your dream home. We value your comments.

TerrySellsHomes
E-mail: tbavuso@cbtulsa.com

Wait and Watch

2008-02-29T19:14:00.000-08:00

Very soon Fannie Mae will raise the cap on FHA home loan purchases. That's great news and should be a fantastic stimulus for the real estate market and a great boon to our economy. Tell a friend and check back soon. I will get all the details.
TerrySellsHomes

My new blog.

2008-02-27T17:43:00.000-08:00

I am excited to begin my blog. I hope it is informative as well as enjoyable.