VA – Home Loans – Cash Out Refinance and Regular Refinance

 

Great Loan Terms

Market Interest Rate, VA funding fee and no pre-payment penalties. Maximum loan term cannot exceed 30 years. No maximum loan amount. VA’s guaranty is limited.

Application Process

Contact your lender to discuss qualifying for the VA loan. Your lender will help you find out the basic requirements, including the following:

The loan must be for your primary residence.

The home has to appraise for the loan amount or higher.

You need enough income to meet your monthly mortgage payments, maintain the home, take care of your other debts, and have enough money left over to cover daily expenses.

You have to have a good credit history to qualify.

A VA lender is the best way to find out if and how to qualify for a loan and get the pre-qualification process started. You can always get up to date info from the VA Home Loan website.

If you have any interested in getting an ARM (Adjustable Rate Mortgage) loan, please note that that the loans are being offered as a traditional 1 year ARM and also as hybrids with 3, 5, 7 and 10 year fixed rates. Consult with your VA lender to be sure they are still offered.

Program Contact Information

Please call or email me for more info. I have a great VA lender that can answer all your questions.

 

Austin Energy $50 Old Refrigerator Rebates.

Austin Homes Rebate Buying And Selling Program

The median home sales price, in Austin Texas, is around $220,000*, so a Realtors

Central Texas Real Estate Trends

The end of government tax credits and subsidies is a new trend, the results of which are yet to be observed. Homeowners continue to lose equity on their houses and one in seven are delinquent or in foreclosure. The amount of foreclosures will remain elevated. It is increasingly difficult to obtain a home mortgage, which continues to affect the amount of home purchases possible. These factors have contributed to another trend: people view renting as a more practical option.

There is a low cost of living in central Texas and there are job openings. However, despite available labor, one in six people are unemployed or underemployed. Small business failures have increased by almost fifty percent. These uncertainties in the economy and the potential changes in laws, regulations and taxes, will continue to affect the real estate market into 2011.

Housing prices have continued to drop by about twenty-five percent and commercial real estate has seen a fifty percent dip. Although the plunge in the market is a negative trend, it has also helped to promote central Texas as a desirable place of residence. The combined factors of land prices, housing prices and cost of living, are making the state one of the most affordable and attractive option for prospective home buyers. The region is also becoming a popular retirement option.

So, there are some encouraging signs that things may be turning around and the fate of many industries hangs in the balance. It will become clearer further into 2011 whether the real estate market has bottomed out. Either way, there will be a long and slow recovery process. Predictions are that the housing market will return to a “normal” state between 2013 and 2014, but it will take 5 to 10 years for the market really pick up. A rise in the housing market would benefit many industries aside from real estate, from contracting to moving companies. Luckily, 2011 should see a rise in more positive real estate trends.

Disclaimer

This site is intended for clients that are not currently registered with a Broker. If you have a current Buyers Representation Agreement signed with another Texas real estate Broker, please contact your Agent or Broker. Texas Real Estate Commission Consumer Protection Notice