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What excites you about new construction?
It's a rare opportunity as consumers to see more than just the final product. The home starts out as plans on a blueprint within a matter of months (pending material availability) my clients and I are able to walk inside doors to a completed home. What process should a buyer never waive or skip? I can't think of a good reason to ever not have an inspection completed. In the Charlotte market, the median house value is just under $500,000 why would you not spend $300 - $500 to know what issues you may face in the days/weeks/months after closing? Is it a good time to buy? Yes if you can find the house you want at a price you can afford. Generally speaking this is never a bad time to buy, however there are multiple factors to consider including your personal finances, loan interest rates, price of the property, housing inventory levels & even the local economy. What led you to create a closing day experience? When I purchased my first home many years ago I felt terrible due to some issues that could have been avoided, so long story short I wanted my clients to feel the love and excitement that I hoped for. So when you get YOUR OWN KEYS we are going to celebrate! When is you next homebuyer workshop? I host virtual webinars the first Saturday of every month, but if you have questions please reach out to me we can setup a FREE Consultation at anytime.
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 If you saw my tweet of the week then you know that, the Federal Housing Administration (FHA) updated their student loan payment requirement policy for mortgages! Prior to Thursday, FHA lenders would consider one percent of your student loan balance as your monthly payment.
So for example, if you chose a college major that required you to get a masters degree and now you have an outstanding student loan balance of $100K, FHA lenders would use $1,000 (1%) as your monthly payment for your student loan which in turn gave you a higher DTI (debt to income ratio) thus qualifying you for less house. NOW and effective immediately the FHA will consider your actual monthly payment which almost always is significantly less than 1% of your balance. All in all this is definitely a game changer! So if you previously were unqualified to buy or given a less than ideal budget for a FHA backed loan due to high student loans assuming you meet all other requirements you are now eligible. Contact me today and I will introduce you to some of my preferred lenders so they can help me get you YOUR OWN KEYS! Read the full press release here ______________ Tony Stanford, Realtor®️ EZ Realty Group 📞704-941-0624 Recently I completed the Canopy Workforce Housing Certificate Program. The program is designed to position Realtors® as experts in the first-time home buying experience and to promote affordable housing initiatives. As you know I want to help you get “your own keys” and completing this program gave me a whole new set of tools to assist future buyer clients like you! ______________ Tony Stanford, Realtor®️ EZ Realty Group 📞704-941-0624  |
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July 2022
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