Rave Reviews: Brandi P. (Princeton, TX)

“Shannon definitely takes the time to get to know her clients’ needs and wants. She made sure we felt safe with the house we bought, and that we would be truly happy living there.

She went out of her way to get to us if we were unable to meet with her — that was very helpful, too.

I will be using her again in the future. DEFINITELY RECOMMENDED!”

—Brandi P., Princeton

 

Looking for a REALTOR® who will get the job done? Contact me at 267.566.3448 or email me at shannon.rubin1@gmail.com today!

© 2014 Shannon Rubin.

Quick —— Buy a Home by the End of the Year!

OK, this particular blog entry isn’t for everyone. Even if you’re not looking to buy a home right now, the message is worth keeping in mind for your next home search:

There are lots of great reasons to buy a home before the end of the year.

Image courtesy of dan at FreeDigitalPhotos.net

Image courtesy of dan at FreeDigitalPhotos.net

Here are some of them:

  • Mortgage rates are still relatively low.

They’re not as low as they were a few months ago, but mortgage rates are still more attractive today than they have been in recent years. If you can lock in a good rate now, that can be a lasting benefit that helps you for many years.

  • It might be easier to get a mortgage right now.

Lenders may be willing to work with new customers like you — because recently, less people have been applying for loans. So you could possibly get a better rate and more friendly terms than you might think.

  • Home prices are still within reach.

Although inventory is shrinking, many available homes are still reasonably priced — especially homes that have been on the market for a while. Those sellers in particular might be willing to lower their price to get a deal done before the year ends.

  • And one of the best reasons to buy a home by the end of the year…the tax benefits!

There are few deductions bigger than a home purchase. By completing the transaction in 2013, you could stand to get a lot of help on your income tax return!

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Maybe you were planning to buy a home next year, or you’re just tired of paying rent. Whatever your situation is, a home purchase before the end of this year can be beneficial — and I can help you see if it’s possible!

Find out if buying a home in Frisco, McKinney, Allen, Plano, Richardson, Dallas, or anywhere in north Texas is the right move for you! Call me at 267.566.3448 or email me at shannon.rubin1@gmail.com today!

©2013 by Shannon Rubin.

Working With Your Mortgage Lender

(This post is Part 2 of my “Mortgage Lender” blog series. You can read the first blog in the series here.)

Once you’ve found a mortgage lender you trust, it’s time to get to work. But not just for your mortgage pro — you need to be involved, because the more you know, the better.

Image courtesy of Stuart Miles / FreeDigitalPhotos.net

Image courtesy of Stuart Miles / FreeDigitalPhotos.net

You’ll want to know as much as you can about:

RATES

This is one of the most important parts of the homebuying process. Getting a good mortgage loan rate means less money in your monthly payment — and more money in your pocket.

Talk to your lender about:

  • Delivering on the rate or range they mentioned.

    • (It might not seem like it, but there’s a big difference from 5% to 6%.)

  • How your rates may vary, and the contributing factors.

    • (Ex.: Your income, assets and credit will be highly important.)

  • When the rates will be determined.

    • (They cannot be determined until credit and other guidelines are met.)

POINTS

A “point” is one percent of the amount of your mortgage loan. Make sure your lender explains:

  • What your points will be equal to and how they affect your loan rate

  • How points can be charged (for both fixed-rate and adjustable-rate mortgages) in order to increase the yield on the mortgage AND to cover loan closing costs

    • These points are usually collected at closing and can be paid by the borrower or the seller — or may be split between them.

FEES

Banks charge them, lenders charge them — fees are an unavoidable part of a major transaction like a home purchase/sale. Make sure to ask your lender:

  • What fees are associated with my loan?

  • Can you explain each one and how they might affect the overall loan?


GET ALL THE SPECIFICS

There are lots of other details worthy of your attention. You’ll want the answers to questions like these:

  • What loan programs do you offer?

  • Can I see a good faith estimate right away?

  • Can I see estimated closing costs?

  • Are you certain you can get a deal done by closing?

  • Can you get approval for my loan locally?

THE THREE MOST IMPORTANT TIPS ON WORKING WITH YOUR MORTGAGE LENDER

  • Do your homework. This is a huge amount of your money at stake!

  • Make sure you’re working with someone you trust at a reputable company.

  • Before you sign on the dotted line, make sure you understand all the details.

If you have a question about mortgages or choosing a mortgage lender, let me know! I’m a REALTOR who also worked as a loan officer in the mortgage industry — and I can help point you in the right direction.

Think you’re ready to start the homebuying process? Call 267.566.3448 or email me at shannon.rubin1@gmail.com right now!

© 2013 by Shannon Rubin.

Rave Reviews: Jessica Lewis, Bedford TX

So happy to have worked with Jessica Lewis and her husband Stephen Pope!

It took a little longer than we hoped, but the purchase went through and now they’re happy homeowners. Here’s what Jessica had to say:

“For all her hard work on our home purchase, Shannon deserved much more than her commission!

She spent many hours on the road, showing us homes from Fort Worth to the Mid-Cities while we chose the right location.

Shannon helped us make our decision and made the negotiation process an easy one. 

Due to some mortgage processing issues, we almost lost out on our home. It was Shannon’s tenacity and knowledge of mortgages that saved the deal and helped us complete the purchase.”

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Looking for a REALTOR® who will get the job done? Contact me at 267.566.3448 or email me at shannon.rubin1@gmail.com today!

 

© 2012 by Shannon Rubin.