The Perfect Storm for the Ft Worth Home Buyer

The Perfect Storm for the home buyer who feels like they have a stable job, good credit, a little money, you will owner occupy and don't think you will be leaving or wanting to move for 10 years and you want to live in these areas. Boy, do we have a deal for you! City of Fort Worth will launch its program March 2009 to give you the home buyer $25,000.00 yes you heard me right $25,000.00 big ones.

Of course you have to want to live in the following zip codes 76131, 76137, 76133, 76123, 76179, 76112,76248 with the city of Fort Worth as your address (some of these might be Keller, Haslet etc zip codes as well if they are not really city of Fort Worth they do not qualify.)

You can't make to much money either 1 person can't make more than $54,250 a year it goes up the more people in your family.

You have to purchase a lender-foreclosed home as well. That should not be to much of a problem since most of the foreclosures are in theses areas.

My whole team has been trained for this program and we have talked with Emily Weathers at Innovative Mortgages who is an approved lender and knows how to get this loan done.

Add some BAM to your deal if you are a first time home buyer on top of that your friendly Federal Government is giving you another $8,000.00 tax credit if you buy prior to December 2009.

That is a great deal combined with the current cost of homes as well as the current interest rate. What are you thinking if you don't at least look into this deal?

Seriously, this is just to good to be true but it is the truth. Yes, there are some conditions that if you don't follow it is not a great deal so you must completely understand the transaction.

You need to find someone that won't take you down the wrong path with a home with major issues, not a good buy and that you are not fully aware of all the terms in which you must live by to do these programs.

Dude, you can put down any where between 10-20k down on the principle of the loan and you don't have to pay it back if you stay for 10 years. This is simple math my friends simple math.


http://www.fortworthgov.org/ecd/info/default.aspx?id=61060

Realtor & Mortgage Bailout!
Merry Christmas & Happy New Year!

While every other industry is getting some type of financial relief from the government, where is the bailout package for the Realtors and Mortgage companies? Believe it or not, it just came on December 16th 2008. By way of the Federal Reserve lowering rates to historic lows. Now we didn't get a pot-full of money, but we did get a way to help start putting money back in the pot!

Lately there has been talk about the 4.5% 30-year fixed rate mortgage. Will it become a reality? No one really knows, but it is looking much more likely that rates will go that low or even lower. You may have heard that these low rates would only benefit current buyers, and not

current home owners seeking to refinance. Because of this lowering, everyone may

benefit from the lowered rates.

The Fed lowered the discount rate to .25%, and had already announced that they were going to

buy up to $600 billion in mortgage-backed securities. So with all these positive moves, rates are headed down. But, in January, the SEC is meeting and information may be released that could have a significant bearing on rates, potentially for the worse. So how long will this last? No one knows, rates may go back up next week or next month. Don't delay! Let's make hay while the sun shines and take advantage of our current windfall.

Home loan rates are currently in the low-5%'s, and have started to head lower! Nationally, home values are currently at 2003-2004 levels, coming down from their highs. However, this is

not always what we are seeing in our local Dallas / Fort Worth Metroplex area.

Some local areas have lost values, while others have seen little to no loss.

If you have customers waiting for the best time, or for the market to hit bottom, this may be it. This is a great opportunity to call all your customers', present and past to let them know that today is a great time to sell and purchases another home. No one knows if this will last for 30 days, 6 months or even longer. Don't miss historical low rates! If you know anyone who is contemplating financing, now is the time to act. Let's get motivated to make those dreaded customer calls and get busy now! This is our bailout, it is here, we just have to work for it!

Don't forget, the first time home buyer tax credit of up to $7,500 and low down payment programs available for many people today. FHA is going to a 3.5% required down payment as of January 1st, 2009.

So, tell everyone you know that now is a great time to buy a home.

Get everyone you talk to pre-qualified as soon as possible. The best rates are only available to those with little to no credit problems. When rates are quoted, there maybe additional ''add-ons" that can cause the rate to go up. Working on your credit rating and getting customers

pre-qualified as soon as possible may help your customers get the lowest rate possible.

We can advise your customers on ways to help improve their credit scores, but we need

between 30-60 days. So it is important to get started before you have a contract written.

Call me today and let me help you!

Let's get those customers buying, and help them take

advantage of our industry's "Bailout"!

Have a Wonderful & Safe Holiday,

Rich Hebert

Lending Edge Mortgage

817-485-4155

rich@richhebert.com

http://www.richherbert.com/

HOW DOES MY CLIENT PAY FOR REAIRS?

IN TODAY'S ENVIROMENT OF SELLING FORESCLOSURES AND SHORT SALES THE QUESTION IS OFTEN ASKED… HOW DOES MY CLIENT PAY FOR THE REPAIRS THAT NEED TO BE DONE ON THIS PROPERTY?

DIVERSIFIED Mortgage can now hold back escrow dollars for many repairs and your client will benefit in many ways…

•Only one loan. A second lien loan does not have to be taken after the closing for repairs
•Lower monthly payments with 1st lien loan vs 2 loans
•Convenience of only one monthly payment
•They can close now and have up to 120 days to complete work
•Up to $150,000 for work can be escrowed
•FHA, Conventional and Jumbo loans to $2 mil with Diversified's low rates
•Swimming pool hold backs available with 180 days to complete work

DON'T LOSE ANY MORE SALES BECAUSE OF NEEDED REPAIRS!!!
GARY GRIFFETH
817 329-5626 EXT 257
http://us.mc348.mail.yahoo.com/mc/compose?to=garyg@diversifiedloans.com

This is not an offer to extend credit. Program can change without notice.

TX lic. #8253