Real Estate Information Archive

GOVERNMENT  LOAN PRODUCTS

FHA/VA 

6.000% 0.00 +0.00     30 YR 

5.500% 0.00 +0.00     15 YR 

CONVENTIONAL LOAN PRODUCTS

(All Conventional Quotes assume a min. credit score of 740) 

FIXED RATE  ($50,000 MIN – $417,000 MAX) 

5.500% 0.00 + 0.00     30/20 YR 

4.750% 0.00 + 0.00     15/10 YR

CASH-OUT REFINANCE LOANS

5.250% 0.00 + 0.00     30 YR 

4.750% 0.00 + 0.00     15 YR 

(Over 70% LTV add .50 Discount Point) 

                                    (Minimum Credit Score 740) 

INFORMATION PROVIDED TO REAL ESTATE PROFESSIONALS & IS NOT

AN ADVERTISEMENT TO EXTEND CREDIT UNDER REG Z

RATES ARE SUBJECT TO CHANGE WITHOUT NOTICE 

RATES SUBJECT TO CHANGE WITHOUT NOTICE

Rates posted are based on owner occupied properties – 30 day quote

http://www.anbhomeloan.com

(MORTGAGE RATES POSTED DAILY)

What is the Texaplex?
David Winans coined the term “Texaplex” to describe the triangular region of Texas that contains 75% of the state’s population. Watch the video and see why everyone is talking about the Texaplex.

The Texaplex Project
The global financial crisis is a vicious cycle. The more we hear and talk about it, the worse it gets. However, in spite of all the national bad news, Texas is prospering! Texas, and in particular the Texaplex, has some pretty impressive facts that most Texans weren’t even aware of. This video is part of the Texaplex project which has set out to change that.

Did you know that the Texas Real Estate market is one of the strongest in the nation? Did you know that half of all new jobs created in the US were in Texas?

See this link for an incredible video on the Texas economy. http://www.texaplex.com/

Thus far 2009 has been an incredible year for myself and the Bishop Team. We have seen no slow down at all in this market, and it is one to be envied by the majority of the country. I have also launched new sites to better serve my clients and the market consumer.

www.TexomaListings.com is a site made strictly for BUYERS in Wichita Falls. This site will send you every home within your criteria and email you each morning with the new activity that has happened in the last 24 hours. If you are a buyer looking in Wichita Falls for a home to buy, this is the BEST site available.

www.TexomaHomeValue.com is a site made strictly for Sellers or those looking to sell. Wonder what you're home is worth today? See this site.

www.TexomaForeclosure.com is a foreclosure prevention site. If you are possibly looking at your home to be foreclosed on, I can help - and this site provides the initial counseling session.

www.TexomaHomeSource.com is a site for of information for anyone interested in the Real Estate market for Wichita Falls.

www.TexomaHomeSource.com/blog is a blog that is used to discuss market trends and city events.

Please call me at 940.224.0881 or email me at ashton@bishoprealtors.com for any questions you may have.

Many people have asked about this possible amendment. See link here fore more details. http://isakson.senate.gov/Amdt_106.pdf

If you are considering purchasing a home in the Wichita Falls area, please see www.TexomaListings.com for a list of every home within your criteria.

If you are considering SELLING, please see www.TexomaHomeValue.com for a free CMA for your home.

Here is an update on the bill that just passed the Senate ....

1.     Provide a direct tax credit to any homebuyer who purchases any home
2.     Amount of the tax credit would be $15,000 or 10 percent of the purchase price, whichever is less
3.     Purchases must be made within one year of the legislation’s enactment
4.     The tax credit would not have to be repaid
5.     The amendment would allow taxpayers to claim the credit on their 2008 income tax return
6.     This only applies to purchases of a principal residence
7.      Recapturing the credit if the home is sold within two years of purchase
8.      Would sunset the current $7,500 housing tax credit on the date of enactment.

This has passed the Senate, but the entire bill still needs to go back to the House and ultimately be signed by the President. Thus, there could be many changes before this happens or this could possibly not pass at all.   Nonetheless, it is encouraging for us in the Real Estate industry and for those who are in the market to buy or sell a home today.

Please call or email me with any questions.

It has become very popular as of late to become involved in the investment side of real estate. I have helped numerous people accomplish all different types of goals in this arena. Some are looking to pay for their childs college, others are looking to start something that will be their retirement, others are looking for an income producing hobby. No matter your reason for looking into this, I can help.

See www.TexomaListings.com - This will give the opportunity to fill out what you are looking for...single family, duplex, apartments? You can find it all here.

If I can answer any other questions about the market or creative financing, please let me know.

BUYING A FORECLOSURE IN WICHITA FALLS?

                  With the number of foreclosed homes on the market, buying a foreclosed home is something many people are considering.  As we all know, a foreclosure means that a home owner is unable to pay the mortgage and  therefore the bank has taken back the property.  The main advantage of buying a foreclosed home is that because a bank wants to recover as much of its investment as quickly as possible, foreclosed homes are often sold for a significant discount with record lows being currently reported of up to 30% the current market value.
                  Many times the process of finding and acquiring a foreclosed home can be much more complex than the traditional ways of purchasing a home from the personal resident.  Because of these complications, it is more important than ever when buying a foreclosed home to work with an experienced agent. Some Banks won't accept offers from unrepresented buyers, and there is more negotiating and more paperwork with a foreclosure than you would deal with in a conventional purchase. 
                  Tour the property and inspect it as closely as possible. Some foreclosures may be in fairly good shape while others may need significant maintenance.  Have your agent check comparable homes in the area to see if the listing price for a foreclosed home really is a bargain.
                  Once you find the foreclosure you like, it is also important to know that any contract on a foreclosed home will require a letter of approval from a lender, some Banks even require that you be approved by their bank as well.  This letter must be presented with the initial offer.  After the offers have been submitted, many times banks will be slow to respond as it can be a long approval process for every step of the negotiation. 
                   Once the terms of the contract are fully negotiated, the Bank will require the buyer to sign multiple addendums to the offer that protect the bank from the liability of the property.  These are nothing to be alarmed about the majority of the time, but definitely need to be reviewed by an attorney. 
                   Have the home inspected by a professional home inspector, your agent can help you with this.  Many foreclosures are sold "as is", meaning the sellers will not do any repairs or provide monetary compensation for repairs on the home, but an inspection will uncover any serious problems with the house and allow you to decide whether to move forward with the purchase.
                  As a whole, the process can be somewhat complex, but definitely worth it with the type of savings that we are currently seeing in the market.   If you or someone you know is interested in finding a foreclosure to purchase, let Ashton Gustafson help you find that deal and make the process easy for you.

Have Your Tenant Pay for Your Child’s College Education!

Did you realize that if your purchase a rental property while your child is young, you will have a property to sell in 15 years (using a 15 year mortgage) that will pay for their college education….

and it didn’t cost you anything!

Here is the equity created in a $125,000 rental property with a 10% down payment with NO CONSIDERATION for the property appreciating!

            Equity today (down payment)                         $12,500

            Equity in 5 years                                                      $52,054

            Equity in 10 years                                                   $84,311

            Equity in 15 years                                                   $125,000

Let me help you find the right kind of property to meet your financial needs. Taking the first step is scary, but I can show you how numerous people have added a property to their portfolio each year, how the properties are managed, pitfalls to avoid and vendors you can depend on!

www.TexomaHomeSource.com

940.224.0881

Ashton Gustafson

The Bishop Realtor Group

Moving can be extremely stressful especially if you have children. It is important to be aware of the things that may be a concern to your children when making a move.

A few areas of concern for children when making a move may include:

• Preschool children tend to worry about being left behind or separated from their parents.
• Kids aged 6 to 12 can be concerned with how their daily routines will be affected.
• Teenagers are concerned primarily with fitting in and having their social life disrupted.

A way to ease these concerns may include:

• Communicating with your child about what the new house will be like.
• Take them on a visit of the new home and neighborhood (if possible)
• If you can, visit the school with your child and meet some of the teachers.

Involving your children in the move can help make the transition easier. Your kids can be a great help to you and the move if you involve them such things as:

• Packing some of their own special belongings, and decorate the box with stickers and markers.
• Make plans together on how to decorate their new room.

There is a lot to consider during a move and by involving your children you just may relieve the stress your children are feeling, reduce your own stress and be able to focus more on other aspects of your move!

Website Information

 Provided by:

ASHTON GUSTAFSON

THE BISHOP REALTOR GROUP

TexomaHomeSource.com

TexomaListings.com

TexomaHomeValue.com

TexomaForeclosure.com

CanyonTrailsHomes.com

LakeWellingtonHomes.com

BrookVillageHomes.com

CountryClubCottages.com

WFCountryClubHomes.com

FallsOnTheMove.com

WFNewHomes.com