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Dispelling Myths that May Keep You From Owning a Home Are you short that 20 percent down payment? Have you been in a job less than five years? Is that out-of-control college credit card frenzy years ago keeping you from even thinking about applying for a home loan? If any of these scenarios ring true for you, it doesn't mean you can't buy a home. Although rising home prices are making it increasingly difficult for first-time homebuyers, more Americans could own a home if they were more in tune with accurate information about the homebuying process and the range of
Mortgage Rates U.S. averages as of November 29, 2002:30 yr. fixed: 6.19%15 yr. fixed: 5.64%1 yr. adj: 4.43%30 yr. jumbo: 6.98%-->
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loan products available. Indeed, The 2002 Fannie Mae National Housing Survey reveals that some Americans have erroneous beliefs about why they can't own a home.
Wondering What Your Home Is Worth?Let me show you.
LIBORmania Here we go again, folks. The LIBOR ARM is on a roll. Everyone knows that fixed rate mortgages are at historical lows and millions of homeowners are saving money by refinancing. But as short-term rates continue to fall, the temptation of taking out an adjustable rate mortgage increases. It seems that the LIBOR ARM is the most attractive of the myriad of adjustable rates available. For those who are unfamiliar with the LIBOR, let me explain. LIBOR stands for London Interbank Offering Rate. Basically, the LIBOR is the interest rate that European financial institutions charge each other for funds. Many American lenders offer adjustable rate mortgages that are tied to the LIBOR index. This wouldn't normally be newsworthy - there are lots of different types of ARMs available. The thing that makes the LIBOR index interesting is that the One-Month LIBOR rate is hovering at about 1.38 percent. As far as adjustable rate indexes go, that's pretty low. And most LIBOR ARMs are offered without charging points. (One point is equal to one percent of the loan amount
Should I Take My Home Off the Market During the Holidays? When you look at your calendar you may find the months already overloaded with seasonal obligations -- shopping, entertaining, children's pageants, charity work, decorating the house, and so much more. If you are also trying to sell your home, you are under extra pressure to keep your home in "showtime" condition. And that could be the last thing you need before the holiday spirit is broken. It is understandable why you would be tempted to take your home off the market during the holidays. And the list of justifications is long. If you are too busy, buyers may be also, and you may find your efforts unrewarded by enough showings. And what if you do get an offer? You may be faced with the possibility of packing and moving during the busiest time of the year. Besides, you can give your house a rest, and it will have better momentum after the holidays. Better to just pack it in and start fresh in January, right? But wait! Most top Realtors agree that taking your home off the market during the Christmas season is a mistake. The house surely isn't going to sell off the market! What is the advantage of that? So you're busy. Let your Realtor do the work. You can leave in the morning, go to work, go shopping, and let your Realtor take care of things.
Choosing Interior Paint Colors: It's All About Mood As fall settles in and we spend more time indoors, it's a perfect time to think about transforming your interior wall colors to bring freshness, seasonal warmth, or just plain change. Fresh paint is one of the least expensive ways to make a dramatic impact in a room - whether it's a warm red dining room, a pleasant soft yellow kitchen, a subdued blue powder room, or a luscious purple bedroom. If you don't like it or grow tired of it, you can always paint again. The first thing to think about when choosing a color is that each color creates its own mood. "Colors have the power to put us in a variety of moods," said Barbara Richardson, director of color marketing
CONTINUED >>>Local Market Conditions
Daily News and Advice -->Read about the events shaping the Real Estate market today, find current interest rates, or browse the extensive library of advice and how-to articles written by some of the top experts in Real Estate. Updated each weekday.
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Bonnie Fagoh E-mail: firstname.lastname@example.org Web: WWW.TAMPACOASTALREALESTATE.COM 813-390-7606
Century 21 Beggins Enterprises813-390-7606 6542 U. S. Hwy. 41 N.Apollo Beach, FL 33572
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