Jayson Duff: Why homebuyers should act NOW

In spite of the negatives in the media, the housing market has several positive conditions smart buyers are jumping on now…

1. Low prices. The fact home prices have dropped is unfortunate for sellers and the economy, but for buyers it presents a golden opportunity they may never see again. Today’s low prices mean buyers can get MORE HOUSE and a BETTER NEIGHBORHOOD than they’ve been able to afford before.

2. Fantastic rates. Mortgage rates are at 37-year lows. We may not see rates like this for a long, long time. Each 1% drop in interest rates roughly translates into a 10% boost in purchasing power. Combined with today’s low home prices, this adds up to real values that smart buyers don’t want to miss.

3. Lots of choice. Today, buyers have lots of options to look at. This is great for first-time buyers who often like to see more. First-timers are also in a great situation because they don’t have a home to sell. But all buyers benefit from choice… they have a better chance of finally getting exactly what they want in a home!

4. Negotiating leverage. Buyers who hate to negotiate will be relieved to know that in today’s buyer’s market, they have all the leverage. So it should be a lot quicker and easier for them to negotiate their best deal right now.

5. Bottoming signs. All down cycles eventually turn around. No one knows when, but there are encouraging signs housing prices may be stabilizing in parts of the country. Recent numbers from the Federal Housing Finance Agency show home prices UP 0.6% in the Mountain states and UP 0.2% in New England. Imagine that!

Bottom line: buyers have a fabulous opportunity to purchase a great home they can really afford – low market prices – at great monthly payments. But it won’t last!

… Have a great month!

Jayson Duff
Mortgage Banker
500 Town Park Lane, Suite 145
Kennesaw, GA 30144
Phone: (770) 373-5420
Mobile: (678.) 360-1969
Fax: (866) 573-1644  Website: http://www.jaysonduff.com/

 

 

 

Reintroducing FHA under 580!!!

Reintroducing FHA under 580!!!  Just in, I received information from a mortgage officer on this program. If your credit score is 550-580 there is now a mortgage plan for you!

As per my mortgage officer :”Read the guides as they are different than the regular FHA guidelines. They need 5% of their own money seasoned for 60 days on 550-580. Renters must have 12 mos cancelled cks only – no vor accepted.  Appraisal + enhanced field with 2 add’l comps or 2 appraisals.  150% paymemt shock – and 43% dti max. THERE ARE NO EXCEPTIONS TO ANY OF THESE REQUIREMENTS !!”

Send me an email (niaknowsrealty@yahoo.com) for more details and spreadsheet of requirements, eligibility information and guidelines.

To get prequalified contact:

Jayson Duff | Mortgage Banker

Real Estate Mortgage Network

Office:  770-373-5420 | Cell: 678-360-1969

Fax: 866-573-1644 | Email: jduff@remn.com

For more information or to apply online please visit: www.jaysonduff.com

FHA 203K Certified!!

Jayson Duff

Mortgage Consultant

FHA 203(K) Certified Originator

Opteum Mortgage

office: 678-742-6600

cell: 678-360-1969

fax: 678-585-5553

email: jduff@opteum.com

For more information or to apply online please visit: www.jaysonduff.com

Atlanta: West End, Westview future residents should strongly consider getting qualified for a FHA 203K loan to help with the repairs of some of the available homes.