Hello Everyone This is Brad Hammarlund
with Exit Homevets Realty in Killeen TX. I work with people looking to
sale their homes and also with people who are looking for homes for sale
in Killeen TX, homes for sale in Copperas Cove TX, homes for sale in
Harker Heights TX.
I am asked all the time about what it takes to be able to obtain a mortgage. There have been a lot of changes to regulations the mortgage brokers have to follow and some people are finding it harder and harder to qualify for a loan. First you have to qualify for a loan, then depending on the loan the home will have to qualify as well. There are 3 main types of mortgages available VA, FHA, and Conventional.
For a VA loan you must have served and have VA eligibility these loans are backed by the Government and will have the lowest rate possible. It does not matter what mortgage company you go through the interest rate is set by the VA, and you are not required to have a down payment. Along with that they will require a credit score of 620 and a debt to income ratio below 50%. Then the house will also have to meet the standards for a VA loan. There are companies claiming they can get you approved at lower scores or higher DTI but don't fall for it. If they can actually get you to closing how much extra are they charging you. So when choosing a mortgage company we have to look at and additional costs they might be charging you and how well they work with you. I always recommend a local company. This is a big investment and it is better to deal with someone on a personal level so if you have any questions you will have someone to sit down with so they can better explain things. There are a lot of companies from other areas willing to assist you but with them you speak with whoever answers the phone and all they know about you is what someone else has noted on your account.
For a FHA loan this is also a government back loan and you will have to qualify for it. They will require a down payment normally of around 3.5% the interest rate will be a little higher that a VA loan but it will be less than a conventional loan. You will be required to carry mortgage insurance till you have 80% equity in your home. You will need a minimal credit score of 630 to qualify and they too will be looking at your debt to income ratio to make sure you can afford the payments. Once again the interest rates are set so recommend that you find a local company just like with a VA loan. Also, like the VA loan the house will have to qualify for the loan. The FHA appraiser are not as strict as the VA appraiser but they are looking out for both your and the banks best interest. They do not want you to purchase a home that has a bad foundation or any major problems.
For a Conventional loan it is not a government backed loan so they can give you a mortgage on a home that will not qualify for a government backed loan. They are also good for some one who for one reason or another does not qualify for a government backed loan, or you are a investor and you do not plan to occupy the home. They will require a down payment normally ranging 5% for a owner occupant up to 20% for a investor. They will require a higher credit score normally starting out at 640. These loans are good if you are purchasing a home that will require some repairs. I have clients all the time looking for homes that they can get at a low price and put some work into and get exactly what they want and save a little money. On a conventional loan you will also have mortgage insurance till you have 80% equity in your home.
There are so many different mortgage companies out there that trying to find the right one for you can be extremely difficult. I work with all of them so if you get pre qualified before meeting with me that is fine and if not I am happy to assist you in finding the right company for you. I have also helped people that qualified with a company that a friend or family member recommended but after speaking with them I was able to let them know about a different company that would work better for them. Always remember you are not obligated to till to sign the closing documents if they are not giving you the service you deserve or if they are charging you more than they should you can always change companies.
Homes for sale in the Killeen Fort Hood Area: Brad Hammarlund,
Realtor, with Exit Homevets Realty in Killeen TX, Our main service area
is Nolanville TX, Harker Heights TX, Killeen TX, Copperas Cove TX,
Kempner TX, and Lampasas TX. At Exit Homevets Realty We are Real Estate
Expert Advisers And Marketing Innovators. I am here to assist you with
all of your real estate needs. Feel free to call or text anytime: (254)
291-0630
Wednesday, April 23, 2014
Monday, April 14, 2014
Market update
Hello Everyone This is Brad Hammarlund
with Exit Homevets Realty in Killeen TX. I work with people looking to
sale their homes and also with people who are looking for homes for sale
in Killeen TX, homes for sale in Copperas Cove TX, homes for sale in
Harker Heights TX.
Here is our current Market update. If you look at the numbers the sales in our market are up 22% for March. Another real good thing is that our months of inventory is down to 6.26 it has moved from a buyers market to a balanced market. If it keeps going the way it is trending we will be in to a sellers market shortly. That is the good news for people wanting to sell their house bad new for people looking to purchase. According to these numbers our medium home price is down to $123,400, last year it was at $132,500 a decrease of -6.87%. Bad news for sellers, good news for buyers. What will happen if we get into a sellers market is the home prices will increase, that with the chance of interest rates increasing means less purchasing power for the buyers.
If you would like more explanation of these number or if you are looking to purchase or sell your house please call me at (254) 291-0630
Homes for sale in the Killeen Fort Hood Area: Brad Hammarlund, Realtor, with Exit Homevets Realty in Killeen TX, Our main service area is Nolanville TX, Harker Heights TX, Killeen TX, Copperas Cove TX, Kempner TX, and Lampasas TX. At Exit Homevets Realty We are Real Estate Expert Advisers And Marketing Innovators. I am here to assist you with all of your real estate needs. Feel free to call or text anytime: (254) 291-0630
Here is our current Market update. If you look at the numbers the sales in our market are up 22% for March. Another real good thing is that our months of inventory is down to 6.26 it has moved from a buyers market to a balanced market. If it keeps going the way it is trending we will be in to a sellers market shortly. That is the good news for people wanting to sell their house bad new for people looking to purchase. According to these numbers our medium home price is down to $123,400, last year it was at $132,500 a decrease of -6.87%. Bad news for sellers, good news for buyers. What will happen if we get into a sellers market is the home prices will increase, that with the chance of interest rates increasing means less purchasing power for the buyers.
Homes for sale in the Killeen Fort Hood Area: Brad Hammarlund, Realtor, with Exit Homevets Realty in Killeen TX, Our main service area is Nolanville TX, Harker Heights TX, Killeen TX, Copperas Cove TX, Kempner TX, and Lampasas TX. At Exit Homevets Realty We are Real Estate Expert Advisers And Marketing Innovators. I am here to assist you with all of your real estate needs. Feel free to call or text anytime: (254) 291-0630
Wednesday, April 2, 2014
Price Reduced This house was a good buy at $129,900 It is a steal at $119,000 1800 Michele Dr Killeen TX
Hello Everyone This is Brad Hammarlund
with Exit Homevets Realty in Killeen TX. I work with people looking to
sale their homes and also with people who are looking for homes for sale
in Killeen TX, homes for sale in Copperas Cove TX, homes for sale in
Harker Heights TX.
The seller is motivated and ready to start the next chapter in their lives. Their loss is your gain, at this price the house will not last long. This is a beautiful 1,822 square foot home, it has 3 bedrooms 2 bath rooms and a large bonus perfect for an office, work out room, play room, or a man cave, but could easily be converted to a 4th bedroom if needed. The house sits in a quiet neighborhood convenient to everything. Where is sits it has no neighbors to the rear so no one looking into your home. It has high ceilings and very spacious rooms. The living room is large with french door opening up to the covered patio, great for entertaining. The Kitchen has a large pantry and a center island, and it has a breakfast nook with a bay window. The house does has a formal dining room great for holiday gatherings. Unlike most houses in this area there is no need to sweat while doing laundry out in the garage, this house has a utility room. Also this house has a split floor plan so you don't have to worry about the kids keeping you up at night while they are watching TV, playing video games, or talking on the phone. Another great feature to this house is all the bedrooms have large closets. The yard has been landscaped and it is a good sized big enough to have room for pets or kids to play but not too big to cause problems with upkeep.
Come out and see it! At this price it will not last long!
If you are a qualified buyer planing on financing this property with a VA loan 0 down your monthly payment should be around $900 a month and that is including payments to principle and interest, taxes, and insurance.
Homes for sale in the Killeen Fort Hood Area: Brad Hammarlund, Realtor, with Exit Homevets Realty in Killeen TX, Our main service area is Nolanville TX, Harker Heights TX, Killeen TX, Copperas Cove TX, Kempner TX, and Lampasas TX. At Exit Homevets Realty We are Real Estate Expert Advisers And Marketing Innovators. I am here to assist you with all of your real estate needs. Feel free to call or text anytime: (254) 291-0630
The seller is motivated and ready to start the next chapter in their lives. Their loss is your gain, at this price the house will not last long. This is a beautiful 1,822 square foot home, it has 3 bedrooms 2 bath rooms and a large bonus perfect for an office, work out room, play room, or a man cave, but could easily be converted to a 4th bedroom if needed. The house sits in a quiet neighborhood convenient to everything. Where is sits it has no neighbors to the rear so no one looking into your home. It has high ceilings and very spacious rooms. The living room is large with french door opening up to the covered patio, great for entertaining. The Kitchen has a large pantry and a center island, and it has a breakfast nook with a bay window. The house does has a formal dining room great for holiday gatherings. Unlike most houses in this area there is no need to sweat while doing laundry out in the garage, this house has a utility room. Also this house has a split floor plan so you don't have to worry about the kids keeping you up at night while they are watching TV, playing video games, or talking on the phone. Another great feature to this house is all the bedrooms have large closets. The yard has been landscaped and it is a good sized big enough to have room for pets or kids to play but not too big to cause problems with upkeep.
Come out and see it! At this price it will not last long!
If you are a qualified buyer planing on financing this property with a VA loan 0 down your monthly payment should be around $900 a month and that is including payments to principle and interest, taxes, and insurance.
Homes for sale in the Killeen Fort Hood Area: Brad Hammarlund, Realtor, with Exit Homevets Realty in Killeen TX, Our main service area is Nolanville TX, Harker Heights TX, Killeen TX, Copperas Cove TX, Kempner TX, and Lampasas TX. At Exit Homevets Realty We are Real Estate Expert Advisers And Marketing Innovators. I am here to assist you with all of your real estate needs. Feel free to call or text anytime: (254) 291-0630
Monday, March 24, 2014
Another Happy Homeowner
Hello Everyone This is Brad Hammarlund
with Exit Homevets Realty in Killeen TX. I work with people looking to
sale their homes and also with people who are looking for homes for sale
in Killeen TX, homes for sale in Copperas Cove TX, homes for sale in
Harker Heights TX.
Please help me welcome the Welch's to Chimney Hill Estate Sub Division they recently purchased their project. They were able to get a fixer upper at a great price and have already started the renovations to make it their own. In fact he has already started sending me pictures from the house and it is looking great. With what they saved by not buying turn key home they are able to completely remodel the home and will still have equity in their lovely house. When they PCS in a few years they will be able to sell it and turn a good profit and the next owner will have a great home in great condition.
Homes for sale in the Killeen Fort Hood Area: Brad Hammarlund, Realtor, with Exit Homevets Realty in Killeen TX, Our main service area is Nolanville TX, Harker Heights TX, Killeen TX, Copperas Cove TX, Kempner TX, and Lampasas TX. At Exit Homevets Realty We are Real Estate Expert Advisers And Marketing Innovators. I am here to assist you with all of your real estate needs. Feel free to call or text anytime: (254) 291-0630
Please help me welcome the Welch's to Chimney Hill Estate Sub Division they recently purchased their project. They were able to get a fixer upper at a great price and have already started the renovations to make it their own. In fact he has already started sending me pictures from the house and it is looking great. With what they saved by not buying turn key home they are able to completely remodel the home and will still have equity in their lovely house. When they PCS in a few years they will be able to sell it and turn a good profit and the next owner will have a great home in great condition.
Homes for sale in the Killeen Fort Hood Area: Brad Hammarlund, Realtor, with Exit Homevets Realty in Killeen TX, Our main service area is Nolanville TX, Harker Heights TX, Killeen TX, Copperas Cove TX, Kempner TX, and Lampasas TX. At Exit Homevets Realty We are Real Estate Expert Advisers And Marketing Innovators. I am here to assist you with all of your real estate needs. Feel free to call or text anytime: (254) 291-0630
Monday, March 17, 2014
Interest rates and what they mean to you as a home buyer.
Hello Everyone This is Brad Hammarlund
with Exit Homevets Realty in Killeen TX. I work with people looking to
sale their homes and also with people who are looking for homes for sale
in Killeen TX, homes for sale in Copperas Cove TX, homes for sale in
Harker Heights TX.
Currently we can still find low rates when it comes to purchasing a house, but with the interest rates increasing how does that really effect you? Well if you want to purchase a home that cost $150,000 and you are able to qualify for a VA loan with 0 down and you get a rate of 4% your monthly payment will run around $1,142 a month. If you wait and the rate increases to 5% like it is predicted to do by the end of the year now your monthly payment will be $1,231. That is an extra $89 a month, or an extra $1,068 a year, or an extra $32,040 over the life of the loan. All from a 1% interest rate increase. I personally like my bank but not enough to give them an extra $32,000 when I do not have to. Please Don't Wait Act Now Before The Interest Rate Increases!!! For more information or to start you home search please call me at (254) 291-0630
Homes for sale in the Killeen Fort Hood Area: Brad Hammarlund, Realtor, with Exit Homevets Realty in Killeen TX, Our main service area is Nolanville TX, Harker Heights TX, Killeen TX, Copperas Cove TX, Kempner TX, and Lampasas TX. At Exit Homevets Realty We are Real Estate Expert Advisers And Marketing Innovators. I am here to assist you with all of your real estate needs. Feel free to call or text anytime: (254) 291-0630
Currently we can still find low rates when it comes to purchasing a house, but with the interest rates increasing how does that really effect you? Well if you want to purchase a home that cost $150,000 and you are able to qualify for a VA loan with 0 down and you get a rate of 4% your monthly payment will run around $1,142 a month. If you wait and the rate increases to 5% like it is predicted to do by the end of the year now your monthly payment will be $1,231. That is an extra $89 a month, or an extra $1,068 a year, or an extra $32,040 over the life of the loan. All from a 1% interest rate increase. I personally like my bank but not enough to give them an extra $32,000 when I do not have to. Please Don't Wait Act Now Before The Interest Rate Increases!!! For more information or to start you home search please call me at (254) 291-0630
Homes for sale in the Killeen Fort Hood Area: Brad Hammarlund, Realtor, with Exit Homevets Realty in Killeen TX, Our main service area is Nolanville TX, Harker Heights TX, Killeen TX, Copperas Cove TX, Kempner TX, and Lampasas TX. At Exit Homevets Realty We are Real Estate Expert Advisers And Marketing Innovators. I am here to assist you with all of your real estate needs. Feel free to call or text anytime: (254) 291-0630
Monday, March 10, 2014
Importance Of Representation
Hello Everyone This is Brad Hammarlund
with Exit Homevets Realty in Killeen TX. I work with people looking to
sale their homes and also with people who are looking for homes for sale
in Killeen TX, homes for sale in Copperas Cove TX, homes for sale in
Harker Heights TX.
When it comes to a real estate transaction your representation is very important, so much so that the State of Texas requires all Realtors to give you a form (Information about brokerage services) to inform you about the different types of representations. Choosing the best person to represent you is extremely important. This is the Realtor that is going to sell your home or find you a home, negotiate the price, and make sure every element of the transaction is carried out correctly to make sure that the contract is legal and that you are not going to be taken advantage of or face a lawsuit in the future.
The most important thing you should know is that you need your own representation, you should not call an agent off of a sign and expect them to work out the best deal for you, They already represent the seller and are trying to get them the best deal. They have a fiduciary responsibility to them, not to you! Also, if you are looking for a new home never go to their model home without your Realtor. The builders reps are just that, they represent the builder and are working for them to get them the best possible price for the builder, not for you!
You need a Realtor to represent you, even if it is not me. You need to find someone to work for you! I do recommend that before picking a realtor to find out about them. Do not just go with a friend of a friend, or someone that helped your friend or your cousin purchase a home.
You need to find out first of all are they a full time realtor? Are they staying current on the market? Are they professional? Why do they do what they do? If you are about to spend $200,000 and be locked into a loan for the next 30 years don't you want to work with a professional, someone that stays current in your market, and someone that is doing it because they love what they do or are they just going to try to get you to spend the most possible so they can get a big commission? Out of the 600 Realtors that are licensed in our market only about 5% of them meet that criteria.
Just so you know I am one of that 5%.
I am a full time realtor.
I stay current and would be happy to explain our market to you, please take a minute to read one of my blogs, you can find me on my website www.bradsellstexas.com, blogger, wordpress, trulia, and zillow.
I am professional, if you see me 99% of the time I am in a suit and tie, and will give you the respect you deserve.
I do what I do to educate and help people, I find the best home for them, and most of the time it is only about half the price that someone is approved for. I am working for you not trying to chase a commission.
So when you do decide to make you choice I would be happy to help you, please call me or email me so we can schedule a time to talk.
Homes for sale in the Killeen Fort Hood Area: Brad Hammarlund, Realtor, with Exit Homevets Realty in Killeen TX, Our main service area is Nolanville TX, Harker Heights TX, Killeen TX, Copperas Cove TX, Kempner TX, and Lampasas TX. At Exit Homevets Realty We are Real Estate Expert Advisers And Marketing Innovators. I am here to assist you with all of your real estate needs. Feel free to call or text anytime: (254) 291-0630
When it comes to a real estate transaction your representation is very important, so much so that the State of Texas requires all Realtors to give you a form (Information about brokerage services) to inform you about the different types of representations. Choosing the best person to represent you is extremely important. This is the Realtor that is going to sell your home or find you a home, negotiate the price, and make sure every element of the transaction is carried out correctly to make sure that the contract is legal and that you are not going to be taken advantage of or face a lawsuit in the future.
The most important thing you should know is that you need your own representation, you should not call an agent off of a sign and expect them to work out the best deal for you, They already represent the seller and are trying to get them the best deal. They have a fiduciary responsibility to them, not to you! Also, if you are looking for a new home never go to their model home without your Realtor. The builders reps are just that, they represent the builder and are working for them to get them the best possible price for the builder, not for you!
You need a Realtor to represent you, even if it is not me. You need to find someone to work for you! I do recommend that before picking a realtor to find out about them. Do not just go with a friend of a friend, or someone that helped your friend or your cousin purchase a home.
You need to find out first of all are they a full time realtor? Are they staying current on the market? Are they professional? Why do they do what they do? If you are about to spend $200,000 and be locked into a loan for the next 30 years don't you want to work with a professional, someone that stays current in your market, and someone that is doing it because they love what they do or are they just going to try to get you to spend the most possible so they can get a big commission? Out of the 600 Realtors that are licensed in our market only about 5% of them meet that criteria.
Just so you know I am one of that 5%.
I am a full time realtor.
I stay current and would be happy to explain our market to you, please take a minute to read one of my blogs, you can find me on my website www.bradsellstexas.com, blogger, wordpress, trulia, and zillow.
I am professional, if you see me 99% of the time I am in a suit and tie, and will give you the respect you deserve.
I do what I do to educate and help people, I find the best home for them, and most of the time it is only about half the price that someone is approved for. I am working for you not trying to chase a commission.
So when you do decide to make you choice I would be happy to help you, please call me or email me so we can schedule a time to talk.
Homes for sale in the Killeen Fort Hood Area: Brad Hammarlund, Realtor, with Exit Homevets Realty in Killeen TX, Our main service area is Nolanville TX, Harker Heights TX, Killeen TX, Copperas Cove TX, Kempner TX, and Lampasas TX. At Exit Homevets Realty We are Real Estate Expert Advisers And Marketing Innovators. I am here to assist you with all of your real estate needs. Feel free to call or text anytime: (254) 291-0630
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