********************
It is with great pleasure that my husband and I recommend Ken Hall for your next real estate transaction. We were referred to Ken who within the first phone call gave us hope that we could possibly be homeowners again, after a foreclosed home only 3.5 years ago and less than stellar credit.
Within 24 hours of giving Ken our financial paperwork, we had pre-approval to purchase a home. After Ken showed us about 7 houses in the Temecula area we were pleased to find a home well below our pre-approved amount in a nice neighborhood less than 2 miles from my husband’s job and daughter’s school.
Ken is obviously a great negotiator because we were able to purchase the home for under list price and the appraisal actually came in $5,000 higher than our purchase price! Our mortgage payment is $40 per month lower than the good faith estimate Ken gave us when we were trying to decide to offer on this home. Ken’s mortgage and escrow companies were also tremendous; we were given a 1% lender credit to help with our closing costs.
There were no surprises throughout the escrow process. We closed on the loan 10 days ago and are enjoying our new neighborhood.
Through the whole process, I was delighted with Ken’s approachability and his speed in returning phone calls, texts, and emails. I never felt I was a burden to him though I had a lot of questions. Communication between us, the escrow company, the lending company and the various property inspectors was transparent and speedy.
It wasn’t until I got the news we were clear to close on the deal that I realized how important home ownership is to me and how much I missed it. It would have not been possible without Ken. Thank you!
Greg and Jessica Cowee, Temecula
********************************************
Tuesday, November 11, 2014
Friday, November 7, 2014
Expensive Home Seller Mistakes ...
**************************
Overspending on big or small "fix ups" getting it ready for the market is a cash killer. There's lots of things you could purchase to make your place show better that you'll never get your money back on and it's one of the biggest mistakes many sellers make.
For example, could a pressure washer accomplish what you thought you needed paint for? Call me to discuss what you may or may not want to do in terms of preparing your home for the market. I can help!
On Your Team,
Ken
951-760-3833
***************************
Overspending on big or small "fix ups" getting it ready for the market is a cash killer. There's lots of things you could purchase to make your place show better that you'll never get your money back on and it's one of the biggest mistakes many sellers make.
For example, could a pressure washer accomplish what you thought you needed paint for? Call me to discuss what you may or may not want to do in terms of preparing your home for the market. I can help!
On Your Team,
Ken
951-760-3833
***************************
Monday, November 3, 2014
Quick Note to Temecula Valley Sellers ...
**********************
Just a quick note to Temecula Valley Sellers: I'm standing by to help you sell your home for top dollar with the least amount of stress, in the shortest amount of time and in a way that makes you say, "Wow!"
Call me to discuss.
Sincerely,
Ken Hall
Allison James Estates & Homes
43015 Blackdeer Loop
Suite 104
Temecula, CA 92590
951-760-3833
KenAHall@gmail.com
www.KenHallProperties.com
Just a quick note to Temecula Valley Sellers: I'm standing by to help you sell your home for top dollar with the least amount of stress, in the shortest amount of time and in a way that makes you say, "Wow!"
Call me to discuss.
Sincerely,
Ken Hall
Allison James Estates & Homes
43015 Blackdeer Loop
Suite 104
Temecula, CA 92590
951-760-3833
KenAHall@gmail.com
www.KenHallProperties.com
*********************
Tuesday, October 28, 2014
10 Things You Should Know Before Buying a Home ...
*******************
1. Before you start looking for a home, get pre-qualified for a loan. Banks, credit unions, and mortgage bankers make home loans; mortgage brokers process loans through a variety of lenders. The lenders will take an application, process the loan documents, and see the loan through to the funding stage.
2. If you have marginal or bad credit, consult your lender. You may be able to qualify for a loan depending on how long ago and what reason(s) caused the bad credit.
3. You will need a down-payment. Down-payment requirements vary depending on the type of loan. Many down-payment assistance programs exist. These programs may loan or grant you the funds necessary for the down-payment. Consult with a lender about programs available in your area.
4. You will need funds for closing costs. Closing costs are charges for services related to the closing of your real estate transaction. They include, but are not limited to: Escrow fees, title policy issuance fees, mortgage insurance fees, fire, flood, and homeowners insurance, county recorder fees, & loan origination fees. Consult your lender for an actual estimate of these costs.
5. Some loans have "points" and some do not. A point is a loan origination fee equivalent to 1% of the loan amount. Together with the interest rate, they constitute the yield on your loan for the lender.
6. Signature Mortgage rates can be fixed or adjustable. Which one is right for you depends on whether mortgage rates are at a high or a low point when you purchase, and on how long you plan to live in the home.
7. There are two main types of loan categories. Conventional Loans. Conventional mortgage loans are available with fixed or adjustable interest rates. Government Loans. These include FHA fixed and adjustable rate mortgage loans, and VA fixed rate mortgage loans.
8. If you are a low-to-moderate-income homebuyer, there are special programs designed to help you. These loans are available through private lenders, as well as local and state housing agencies.
9. You may have to pay mortgage insurance. Mortgage insurance protects the lender from potential loss if you should default on your mortgage loan payment. Mortgage insurance is always required on FHA mortgage loans.
10. Many organizations offer home loan counseling to prospective homebuyers. They will cover home selection, realtor services, lenders, loan programs, homeownership responsibilities, saving for a down-payment, and other important pieces of information.
If you have any questions at all, give me a call.
Ken
951-760-3833
1. Before you start looking for a home, get pre-qualified for a loan. Banks, credit unions, and mortgage bankers make home loans; mortgage brokers process loans through a variety of lenders. The lenders will take an application, process the loan documents, and see the loan through to the funding stage.
2. If you have marginal or bad credit, consult your lender. You may be able to qualify for a loan depending on how long ago and what reason(s) caused the bad credit.
3. You will need a down-payment. Down-payment requirements vary depending on the type of loan. Many down-payment assistance programs exist. These programs may loan or grant you the funds necessary for the down-payment. Consult with a lender about programs available in your area.
4. You will need funds for closing costs. Closing costs are charges for services related to the closing of your real estate transaction. They include, but are not limited to: Escrow fees, title policy issuance fees, mortgage insurance fees, fire, flood, and homeowners insurance, county recorder fees, & loan origination fees. Consult your lender for an actual estimate of these costs.
5. Some loans have "points" and some do not. A point is a loan origination fee equivalent to 1% of the loan amount. Together with the interest rate, they constitute the yield on your loan for the lender.
6. Signature Mortgage rates can be fixed or adjustable. Which one is right for you depends on whether mortgage rates are at a high or a low point when you purchase, and on how long you plan to live in the home.
7. There are two main types of loan categories. Conventional Loans. Conventional mortgage loans are available with fixed or adjustable interest rates. Government Loans. These include FHA fixed and adjustable rate mortgage loans, and VA fixed rate mortgage loans.
8. If you are a low-to-moderate-income homebuyer, there are special programs designed to help you. These loans are available through private lenders, as well as local and state housing agencies.
9. You may have to pay mortgage insurance. Mortgage insurance protects the lender from potential loss if you should default on your mortgage loan payment. Mortgage insurance is always required on FHA mortgage loans.
10. Many organizations offer home loan counseling to prospective homebuyers. They will cover home selection, realtor services, lenders, loan programs, homeownership responsibilities, saving for a down-payment, and other important pieces of information.
If you have any questions at all, give me a call.
Ken
951-760-3833
***********************
Tuesday, October 21, 2014
Down Payment Got You Down?
**********************
For many Americans, "coming up" with a down-payment for their first home purchase can be a major roadblock -- and quite often the reason for renting, rather than owning, a home.
A "down-payment" is the difference between the home's purchase price and its mortgage amount. This percentage of the sale price must be paid up-front and can vary by lender, location, and loan program. A higher down-payment generally translates into lower loan interest rate requirements.
Typically, a down-payment comes from personal cash savings, but it can also be a gift that is not to be repaid, or a borrowed amount secured by assets.
While conventional loan down-payments may be close to 20% of the sale price, government loans, such as FHA and VA, typically have lower down-payment requirements. This allows potential homebuyers who normally cannot meet down-payment requirements an opportunity to qualify for a mortgage.
Are you ready to get pre-approved for a mortgage? Give me a call. After a few questions, I'll be able to tell you what your best options are.
Ken
www.KenHallProperties.com
PH 951-760-3833
*********************
For many Americans, "coming up" with a down-payment for their first home purchase can be a major roadblock -- and quite often the reason for renting, rather than owning, a home.
A "down-payment" is the difference between the home's purchase price and its mortgage amount. This percentage of the sale price must be paid up-front and can vary by lender, location, and loan program. A higher down-payment generally translates into lower loan interest rate requirements.
Typically, a down-payment comes from personal cash savings, but it can also be a gift that is not to be repaid, or a borrowed amount secured by assets.
While conventional loan down-payments may be close to 20% of the sale price, government loans, such as FHA and VA, typically have lower down-payment requirements. This allows potential homebuyers who normally cannot meet down-payment requirements an opportunity to qualify for a mortgage.
Are you ready to get pre-approved for a mortgage? Give me a call. After a few questions, I'll be able to tell you what your best options are.
Ken
www.KenHallProperties.com
PH 951-760-3833
*********************
Friday, October 17, 2014
Are You Ready With A Plan B?
**********************
Have you heard the saying, "hope for the best but plan for the worst"? Do you have a plan in place if your loan modification doesn't work? Who is on your team? How will you execute?
If your loan modification attempt unravels you'll need to move quickly in order to avoid foreclosure and possibly collect HAFA $$.
Give me a call and I'll help you develop a contingency plan that can keep the bank from foreclosing.
On your team,
Ken Hall
Allison James Estates & Homes
43015 Blackdeer Loop
Suite 104
Temecula, CA 92590
951-760-3833
KenAHall@gmail.com
www.KenHallProperties.com
*************************
Have you heard the saying, "hope for the best but plan for the worst"? Do you have a plan in place if your loan modification doesn't work? Who is on your team? How will you execute?
If your loan modification attempt unravels you'll need to move quickly in order to avoid foreclosure and possibly collect HAFA $$.
Give me a call and I'll help you develop a contingency plan that can keep the bank from foreclosing.
On your team,
Ken Hall
Allison James Estates & Homes
43015 Blackdeer Loop
Suite 104
Temecula, CA 92590
951-760-3833
KenAHall@gmail.com
www.KenHallProperties.com
*************************
Tuesday, October 14, 2014
I'm Putting My Money Where My Mouth Is ...
*********************
Your home can't sell for more that its appraised value unless a buyer is willing to pay you additional money outside of escrow. This is because no lender in their right mind would lend money for a house that a professional appraiser has determined isn't worth the sales price.
In other words, the highest price you can obtain for your home in today's market is whatever the appraiser says it's worth - max.
To be clear, while appraisers may arrive at different values they will certainly be close and the lender always has the option to order a "second opinion" from another appraiser. Call me today if you'd like to discuss getting top dollar for your home.
Ken
951-760-3833
KenAHall@gmail.com
www.KenHallProperties.com
**********************
Your home can't sell for more that its appraised value unless a buyer is willing to pay you additional money outside of escrow. This is because no lender in their right mind would lend money for a house that a professional appraiser has determined isn't worth the sales price.
In other words, the highest price you can obtain for your home in today's market is whatever the appraiser says it's worth - max.
To be clear, while appraisers may arrive at different values they will certainly be close and the lender always has the option to order a "second opinion" from another appraiser. Call me today if you'd like to discuss getting top dollar for your home.
Ken
951-760-3833
KenAHall@gmail.com
www.KenHallProperties.com
**********************
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