Buzz About Redding » Miscellaneous

Time To Consider Streamline FHA Home Loan Refinance?

Brad Garbutt — Wed, 08 Sep 2010 10:26:29 +0000

For years, borrowers utilizing loans insured by the Federal Housing Administration could apply for a refinance to lower their interest rate without all the headaches of full documentation and fees. Today, homeowners with FHA loans can take advantage of historically low rates with even less hassles.

Here are some important details:

Must have a 660 credit score or better
Existing loan must be at least 6 months old
No thirty-day late payments in past 12 months
Lender will call wage earner’s employer for verbal verification of employment
Self employed borrowers must provide copy of business license or prove existence of business
All “other” income must be documented
Borrower must have appropriate debt-to-income ratios

In some cases no appraisal is required- the original appraised value is used. Currently, interest rates are below 4.5% for borrowers with good credit. If you are paying 6% or more on your existing FHA loan, taking advantage of today’s rate could result in 25% of interest savings. A $200,000 loan at 6% interest is roughly $1,200/ month for principal and interest, not including taxes, insurance or mortgage insurance. At 4.5%, the payment would be $1,013. If the loan refinance fees were about $2,500, you would break even in about 14 months, then save about $183/month thereafter.

For more particulars regarding an FHA refinance, contact Wayne Barni of Choice Funding at 530-224-6707.

530-224-6767 or 530-941-7492

BRAD GARBUTT

REALTOR/BROKER ASSOCIATE

REAL LIVING REAL ESTATE PROFESSIONALS

CORNER OF COURT AND PLACER IN REDDING

MORE THAN 25 YEARS LOCAL REAL ESTATE EXPERIENCE

That one thing you might be missing to set you above the rest

Jana Robison — Sat, 04 Sep 2010 11:21:29 +0000

With over 90% of home buyers searching online for a new home your home must make a great first impression. The first impression is a lasting impression! In a buyers market sellers compete with sellers. If buyers are not impressed what they see online they will move on to the next listing. Ready, Set, Stage! works with you and your Realtor to put your home on the “must see” list for today’s home buyers. We offer a marketing plan and photos to assist with the sale of your home.

Ready, Set, Stage! will help you prepare your home’s sale and help you get the maximum return with minimal investment.

Staging your home for sale has an average 343% Return on Your Investment and is recommended by 91% of Realtors.*

What is Home Staging?

Home Staging is the art of preparing your home to sell. It is not about decorating; Staging creates a lifestyle that buyers are looking for and helps them make an emotional connection to your home. In today’s competing market this is essential.

Why should I Stage my home?

When you make the decision to sell your home it becomes a product. Staging sets your home apart from competing homes on the market. Today’s buyers are lookingfor “move-in” ready homes. Staging is a marketing tool. When added to your Realtors marketing plan you have homes that sells faster and for more of the asking price!

Contact Ready, Set, Stage Today

Phone: 479-236-6784

Two Unique Properties – 2 Great Price Reductions

Bob Sparks — Fri, 30 Jul 2010 16:38:13 +0000

A quick heads up on two different unique property price reductions. First one is a 4,000 sq. ft. 5 Bedroom-4 Bath home located on 30+ private acres in Whitmore. Was $360,000 now $339,000

The other property is a beautiful streamside home with 1,000 ft of year around trout stream in a private forested setting. Was $369,500 now $359,500

Feel free to call, text or email for more info or to schedule a private tour.

Bank Owned-2001 Home, 24 Acres, Year Around Creeks

Bob Sparks — Wed, 28 Jul 2010 15:31:56 +0000

UNBELIEVABLE OPPORTUNITY-Private 24 Acres,over 3,000 sq. ft 4 Bdrm-2.5 Bth home with in-ground pool on the banks of Clear Creek and East Fork in historic French Gulch.
Very cool custom home built in 2001 but now in need of major TLC. No appliances or fixtures. Will require person of vision with necessary construction skills to transform and complete.

Here is a quick tour;

15 year fixed now at 3.75%…no kidding

Bob Sparks — Tue, 27 Jul 2010 15:48:40 +0000

Quick note on rates: At this mornings office meeting our in-house mortgage broker gave us todays interest rates. 4.125% on a 30 year fixed and 3.75% on a 15 year. I have to admit I had not checked rates for several days and was taken by surprise at this news. I have to assume that most folks are not aware rates have dropped this low and more importantly what it means to them.
If you are a buyer this is obviously great news. Lower rates, lower payments, higher qualifying price. Your timing could not be better.
If you’re already a homeowner and have some equity it might be the perfect time to refinance into a 15 year loan. The payment could be very close to what you are now paying on a higher rate 30 year.
Here is a link to a Google Ad chart-calculator that looks like a handy tool for checking rates and payments. Keep in mind that local banks and mortgage professionals may very well be able to offer terms just as attractive as any you see online.

Spectacular Views w/ BLM Access to Pit River

Bob Sparks — Sat, 10 Jul 2010 12:07:02 +0000

I was just out at this private 35 acres bordered by BLM land on Pit River and…Wow! We walked maybe a couple hundred yards from the cute little 1800’s cabin to the canyon rim and the views were incredible. Because the BLM land can’t be accessed by public road it has remained very private.
The land for sale looks like it came straight from the pages of a western. Wide open big views with pine and cedar trees in all directions. Great location for a home. The feeling of privacy is such that you would never know that just over the horizon are many nice homes, the Fall River Golf Course and town.
In addition to the Pit River this property sits very near Hat Creek, Fall River Reservoir, Burney Falls, Lake Britton, Big Lake and several other bodies of water. A fisherman’s paradise!

Majority Of Californians Willing To Pay More Taxes?

Brad Garbutt — Tue, 06 Jul 2010 12:33:59 +0000

Apparently so according to the California Taxpayers Association(Cal Tax) reporting on recent election victories for bonds, hotel, parcel, sales and utility taxes. 44 of 64 local tax measures passed on the June 8 ballot with three more remaining too close to call. Based on these results, expect more cities up and down the state to place tax initiatives on the November ballot.

Cal Tax cited the following new tax proposals as proof local officials are cooking up new revenue schemes:

San Fransisco Supervisors are considering a tax on commercial rents, a parking tax and an increase in the property transfer tax
Santa Rosa is pondering an extension of the utility user’s tax to cell phones and asking area hoteliers to add 3% to the bed tax
Los Angeles is considering a parcel tax to help fund the libraries, despite the failure just days ago of a tax measure to help schools

Redding has kicked around the idea of placing a sales tax hike on the ballot in recent times. I suspect Northstate residents would vote down any new tax regardless of the intended usage of those revenues.

bradgreps@yahoo.com

530-224-6767 or 530-941-7492

BRAD GARBUTT

REALTOR/BROKER ASSOCIATE

REAL LIVING REAL ESTATE PROFESSIONALS

CORNER OF COURT AND PLACER IN REDDING

MORE THAN 25 YEARS LOCAL REAL ESTATE SALES EXPERIENCE

Unique New Listing – Mountain Retreat

Bob Sparks — Wed, 16 Jun 2010 13:15:38 +0000

EXTREMELY PRIVATE MOUNTAIN RETREAT. Located in the hills above Whitmore at 4000+ sq. ft. with two separate living and dining rooms, 5 bedrooms, 4 baths and detached bunkhouse this would make an ideal large group get-away, multi family retreat or hunting lodge. Newer roof, heat and A/C, huge kitchen including wood cook stove, jen-aire range, appliances. Over 30 acres bordered by PGE and Roseburg land.
While I was up taking pictures for this tour I was startled by a large buck that took off through the brush behind home. I saw several more deer while I was there and other than the sound of birds and wind in the trees it was completely quiet.
Looking at the map it would appear that it’s just open country from home all the way to Kilarc reservoir.

Take the tour

Company Wide Open House’s Today

Bob Sparks — Sat, 12 Jun 2010 07:35:47 +0000

Today is shaping up to be a busy day for lots of agents in our office. 20+ open house’s scheduled with quite a few very interesting properties. I decided to go all in and hold 3, back to back to back!

Here they are;

Senior Park Mobile – parkwide open house day
9:30 to 11

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New Construction 4 Bedroom-2bath on 1/3 Acre
11:30 to 1

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California Country Cottage on 3.5 west redding acres-BLM access
2 to 3:30

OPEN HOUSE – NEW CONSTRUCTION 4 BEDROOM $225k

Bob Sparks — Sun, 06 Jun 2010 08:19:36 +0000

I’m looking forward to todays open house on Mill Pond. Brand new home was built with environmentally friendly green construction materials and has many standard upgrades. I really like the large private backyard with it’s very own private greenbelt at the rear of the 1/3 acre lot.
I’ll be there from 11:30 to 1 , stop by if you have the opportunity, you won’t be disappointed.