Just Listed!

4075 W. Scorpio Drive

Salt Lake City, UT 84118

$159,900

-.15 acres

-1,810 sq. ft

-4 Bedrooms

-2 Bathrooms

-Tile

-Granite countertops

-Stainless Steel appliances

-New Carpet

-Wood burning stove

-2 Tone Paint

For more information and more photo's click here

NEW LISTING!!

7523 S. Park Maple Drive

West Jordan, UT 84081

$238,000

(Price subject to 3rd party approval)

- 3,168 Sq. Feet

- 4 Bedrooms

- 2 Full Baths, 1 Half Bath

- Loft

- Formal Living Room

- Main Floor Family Room With Beautiful Rock Fireplace

- Knotty Alder Cabinets

- Corian Countertops

- Stainless Steel Appliances

- Laminate Hardwood Floors

- Main Floor Laundry Room

- Tile

- Wood & Wrought Iron Railings

- Large Master Suite

- Oversized Jetted Tub

- His & Her's Sinks

- Large Shower

- Walk-in Closet

This home shows just like a model!

For more information click HERE

Insurance Rates to Rise on FHA Loans

FHA Gives Home Buyers One-Month Window

September 1, 2010--The Federal Housing Administration (FHA) is giving homeowners and buyers until October 4 to lock in a low monthly insurance premium, according to Gibran Nicholas, chairman of the CMPS Institute, an organization that trains and certifies mortgage bankers and brokers. “After October 4, the monthly insurance premiums on FHA loans will increase by over 63%.”
What does this mean for home buyers?
A home buyer purchasing a $200,000 home using a $193,000 FHA mortgage before October 4 would pay an insurance premium of $88.46 per month. If the same home buyer waits until after October 4, the insurance premium would jump to $148.01.

“In this example, the home buyer would lose $59.55 per month, or $7,146 over a 10-year timeframe,” Nicholas said. “Although the upfront mortgage insurance premium is going down after October 4, the real impact to the home buyer is actually a net increase in their out of pocket costs because the monthly premium is going up by 63%. Remember, sellers can pay the upfront premium or it can be financed into the loan amount, so homebuyers rarely pay the upfront premium out of pocket. On the other hand, the increase in the monthly premiums will be paid right out of the home buyer’s pocket with their mortgage payment each month.”

Ironically, home buyers who plan to be in the mortgage for less than three years and decide to pay the upfront fee themselves (instead of having the seller pay it for them), may actually save money by waiting until after October 4 to apply for an FHA loan.
“Home buyers with a short term time horizon may actually benefit from this change because the upfront premium will be reduced to 1% from 2.25%,” Nicholas said. This change will impact over 30% of the home buyers in today’s market who use FHA-insured financing. Home buyers considering an FHA loan should find and contact a CMPS professional in their area to discuss their options and what this means for their situation.

Information Provided By:

NEW LISTING!!

1146 W. MUSTANG CIRCLE

WEST JORDAN, UTAH

ONLY $237,900

-2258 SQ FEET

-3 BEDROOMS

-2 BATHROOMS

-HARDWOOD FLOORS ON MAIN FLOOR

-NEW KITCHEN WITH HICKORY CABINETS

-GRANITE COUNTERTOPS

-STAINLESS STEEL APPLIANCES

-NEW CARPET THROUGHOUT

-TILE IN BATHROOMS

-BACKS ELEMENTARY SCHOOL

-LOCATED IN A CUL-DE-SAC

-RV PARKING

-FULLY FENCED

-BUILT IN 1991

FOR MORE INFORMATION AND PHOTO'S CLICK HERE

Why You Should Shop Your Loan

For Your Clients: 6 Reasons it Pays to Shop Around Before Choosing a Mortgage

By Paige Tepping

RISMEDIA, August 26, 2010--You wouldn’t buy a house without shopping around first, right? Then why would you commit to the loan you use to buy that house without making sure you’re getting the best deal possible? From the experts at LendingTree, here are six reasons why it’s essential to take a few minutes to browse before you borrow:

1. To get the best interest rate possible
Over the life of a $200,000, 30-year fixed rate loan, a one-tenth of a point difference in interest rate could save or cost you thousands of dollars.

2. To pay lower loan fees
Once your loan application is accepted, the lender will get back to you with a good-faith estimate (GFE), including an itemized list of all the costs associated with the loan. If there are any parts of the GFE that you don’t understand, don’t be afraid to ask the lender to explain each fee that is listed.

3. To avoid a prepayment penalty
In these transient times, it seems no one stays in their home long enough to pay down their mortgage the old fashioned way: in monthly increments over a period of decades. So you’ll want to be clear on whether the terms of your loan include a penalty if you pay off your mortgage early—either because you move or refinance.

4. To find a lender you feel comfortable with
You don’t want any surprises popping up at closing time. Get a lender who is responsive to your questions and is willing to give you the details in writing.

5. To find a lender that specializes in your situation
Recent volatility in the mortgage markets means that people with bad credit or little money for a down payment might have to look a little harder to find a lender.

6. To get the rate lock period you want
Once you’ve found the lender offering the best mortgage rate and terms, you’ll want to get a written commitment, known as a “lock” that puts in writing that the lender will make the loan to you at that the specified interest rate. The length of the lock can vary from 30-90 days, but many lenders will charge a fee for a rate commitment of longer than a month. Negotiate the lock period that is right for you, depending on when you plan to close on your new home and if interest rates are expected to creep higher during that time.

NEW LISTING!!

7496 PARK MAPLE DRIVE

WEST JORDAN, UTAH

ONLY $264,900

-3,038 SQ FEET

-6 LARGE BEDROOMS

-3 BATHROOMS

-FORMAL LIVING ROOM WITH FRENCH DOORS

-MAIN FLOOR FAMILY ROOM WITH FIREPLACE

-STAINLESS STEEL APPLIANCES

-CORIAN COUNTERTOPS

-LAMINATE HARDWOOD FLOORS & TILE

-LARGE MASTER SUITE WITH WALK IN CLOSET

-JETTED TUB & SEPARATE SHOWER

-FINISHED BASEMENT WITH FAMILY ROOM AND KITCHENETTE

-BACKYARD PLAYSET

-FULLY FENCED

-BUILT IN 2005

FOR MORE INFORMATION AND PHOTO'S CLICK HERE

OPEN HOUSE

Join us for an open house at a beautifully completely remodeled home in Kearns.

Saturday, May 1st, 10-2

This home has a brand new kitchen with granite counter tops, stainless steel appliances and tile flooring. New bathrooms with granite and tile. Fresh 3-tone paint, new carpet, new water heater and a newer roof. Four bedrooms and two full baths.

5507 W. Falstaff Drive (5290 S.)

Get Your Tax Credit

You have just two weeks left to have an offer submitted and accepted by the sellers to capture the tax incentive. Closing/Funding must take place by June 30th. So don't delay!!

Remember: First time homebuyers $8000, current homeowners $6500!!

The Crisis of Credit by Johnathan Jarvis