Real Estate Information Archive

www.LuxuryHomesWF.com

Fast. Easy. Automatic. FREE!

LuxuryHomesWF.com is a FREE service from Ashton Gustafson to help area home buyers view the finest homes Wichita Falls has to offer, the minute they hit the market. Your first email will list all homes currently for sale that meet your search criteria. Then each morning you will be emailed a list of all of the new homes for sale and price changes since your previous search. No more having to rely on manual searches. Fill out the form  and start your auto-email home search today! It's just that easy!

We look forward to unlocking the door to spectacular real estate on your behalf.

Interest Rates (IR) are historically low. BUT, this doesn't necessarily mean you should Refinance.

To determine if you should REFI, you want to establish your BreakEven (BE) -- how many years it will take to re-coup the cost of your refinance through lower interest payments.

If you anticipate selling prior to BE (even if IR were at 1%), it doesn't always make financial sense to refinance your loan.

But, if you plan on owning your home beyond BE, taking advantage of today's historically low IR is likely a prudent decision. Rates today are hovering around 4.25% (4.34% APR) for a 30-year fixed and 3.75% (3.875% APR) for a 15-year fixed.

Contact us today to learn your BreakEven and to determine if now is a good time to refinance your current loan in order to take advantage of these interest rates if you are not in the market to buy.  

Remember our site for buyers: www.TheFallsHomeFinder.com

Money has never been this cheap.

 
RATES AS LOW AS:
30 YEAR RATES 4.375%
15 YEAR RATES 3.875%
With local lenders today.

www.TheFallsHomeFinder.com  -

FIND YOUR NEXT HOME HERE!

When you stop and consider how inexpensive mortgages have become, it comes as no surprise to see more investors entering the rental market, just to take advantage of this incredible financing that's available for a 30 year loan.

We encourage our clients to take advantage of these rates while they're here, because they won't be around for long.

Right now, they can save A LOT! For instance, let’s say that a buyer takes out a $200,000 home loan at a rate of 4.75 percent. Their monthly repayment will be about $1,042 a month for the principle and interest, which is more than $200 less per month than borrowers are paying on a 6.5 percent loan taken out just a few years ago. Over the course of the mortgage term, today’s home buyer will save $80,000! That's 8 times more than the home buyers tax credit.

If we can help you today, please give us a call. And remember our site for home buyers @ www.TheFallsHomeFinder.com.

Good morning.

Interest rates have never been this low.

We haven't seen mortgage rates this low since the 1950's, when people were taking out 20 year loans.

When you stop and consider how inexpensive mortgages have become, it comes as no surprise to see more investors entering the rental market, just to take advantage of this incredible financing that's available for a 30 year loan.

We encourage our clients to take advantage of these rates while they're here, because they won't be around for long.

Right now, they can save A LOT! For instance, let’s say that a buyer takes out a $200,000 home loan at a rate of 4.75 percent. Their monthly repayment will be about $1,042 a month for the principle and interest, which is more than $200 less per month than borrowers are paying on a 6.5 percent loan taken out just a few years ago. Over the course of the mortgage term, today’s home buyer will save $80,000! That's 8 times more than the home buyers tax credit.

If we can help you today, please give us a call. And remember our site for home buyers @ www.TheFallsHomeFinder.com.

Last night, the Senate passed the National Flood Insurance Program Extension Act of 2010 (H.R. 5569), an extension of the National Flood Insurance Program until September 30, 2010. This will allow transactions to move forward. The bill is retroactive and covers the lapse period from June 1, 2010, to the date of enactment of the extension. NAR members sent more than 250,000 letters to Members of Congress encouraging them to extend the program.
 
Additionally, Congress passed an extension of the closing deadline for the Homebuyer Tax Credit, the Homebuyer Assistance and Improvement Act (H.R. 5623). The extension applies only to transactions that have ratified contracts in place as of April 30, 2010, that have not yet closed. The legislation is designed to create a seamless extension; the new closing deadline for eligible transactions is now September 30, 2010. There will be no gap between June 30 and the date the President signs the bill into law. Extending the tax credit closing deadline will help provide additional stability to real estate markets across the nation.

Our Government Affairs team worked closely with Congressional leaders on both sides of the aisle to enact this important legislation.

NAR is still working on restoring the 502 single-family rural housing loan guarantee program. Language is included in H.R. 4899, the Emergency Supplemental Appropriations bill, that is currently in conference between the House and Senate.  We expect the House to pass that bill shortly and are hopeful the Senate will do the same when they return the week of July 12. When that bill passes, the program will be restored through the end of the fiscal year.

For additional information on the tax credit extension, the flood insurance program and rural housing, please visit www.realtor.org/government_affairs 
 
We appreciate your commitment and involvement on these important REALTOR® Party issues and appreciate your continued support.
 
Sincerely,
NAR Government Affairs and Community & Political Affairs Divisions

Good Monday morning to you!

What a nice change of pace to have some cool weather and rain. I hope it found your yard, as it did mine.

Do you know someone looking to buy? Please forward them THE BEST home finder site @ www.TheFallsHomeFinder.com.

Thinking of selling? We'll give you a quick analysis of what your home may bring in this market. www.TexomaHomeValue.com

If we can serve you or anyone you may know this week, please let me know.

HomeGain Radio: Ashton Gustafson Receives Realtor Magazine Award

http://blog.homegain.com/homegain/homegain-radio-ashton-gustafson-receives-realtor-magazine-award/

Listen to this exclusive call with Ashton as he explains how he is doing business.

4819 Earl was just listed and is priced @ $119,000. This 3 bedroom corner lot home, has 2 car garage, rv/boat parking, shop with power in backyard, recent roof, updated hall bath, 2 living areas, and 2 baths.

Call us today to set up a time to view this great home in Wichita Falls.

Ashton Gustafson - Owner - Bishop Realtor Group

4319 Lake Park Drive - Wichita Falls, TX 76308

$535,000 - 4 beds - 3.5 baths

Absolutely gorgeous 2 story home, recently completed cabana/apt/gameroom, gunite pool + outdoor fireplace. Backyard, also has a darling play house!

Cabana has full bath & kitchen, cathedral beamed ceiling, hardwood & tile flooring. Main home has gorgeous hardwood floor, recently updated kitchen &baths. Formal living rm has hardwoods, fireplace & stepped up music rm w/bookshelves on 2 sides. Office adjacent to living rm. Upstairs has 4 bedrm +wonderful sitting room off of master. Incredible property

Good Monday morning to you!

The heat has arrived. We broke the 100 degree mark last week, and it looks like its here to stay. If you or someone you know is looking to sell their home that has a pool, please let me know . We have had quite a few people looking for homes with pools, and the market inventory is quite low. See www.TexomaHomeValue.com where I can give you an idea of what your home may bring at this time.

___________________________________________________________________

Our current inventory is one of the best I've ever seen.

See http://www.texomahomesource.com/Properties for everything we have on the market.

Also, see www.TheFallsHomeFinder.com to view everything the market has available.

_______________________________________________________________

Make it a great week, and please let me know if we can serve you or anyone you may know.

"Can anything be so elegant as to have few wants, and to serve them one's self?"  ~Ralph Waldo Emerson

Myth Buster:

Myth: Seller Financing is no longer allowed in Texas

Fact: Seller financing is still allowed in virtually all real estate transactions.

However, as of May 31, 2010, if a seller is financing a one-to-four-family residential transaction other than his primary homestead or a sale to a family member, he must be licensed as a residential mortgage loan originator (RMLO). In other words, transactions involving investment property, second homes, and vacation homes require licensure as a RMLO.

____________________________________________________________________