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Introverts Explained: Why We Love You But Need to Get Away From You

9 Jun

Reblogging another of Space2live’s posts. This one is even better than the last, IF THAT’S POSSIBLE. I laughed out loud when she mentioned needing to be ALONE in the house to recharge. If someone else is in another room, you can FEEL them. Yep. LOL

space2live

Woman-walking-away-from-man umbrella

I am told our desire to get away from everyone every now and again and again is perplexing and sometimes painful to extroverts. They don’t understand how we could enjoy being alone, period. Even more confusing, we sometimes choose to be away from people we really like.

The truth is we see all people as stimulation and potential energy sucks. Sorry.  It doesn’t matter if you make us laugh until we wet our pants or we find you so attractive we agree to make babies with you (or at least practice). We will need a break from you.  We even need a break from other introverts, but speaking only for myself, not as often.

What Happens If We Don’t Get Our Space?

The other day I heard a fun-loving morning show radio host say she needs to be in the house alone often in order to be civil.  Having someone…

View original post 642 more words

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Introvert Relationships: Love Me or Leave Me But Please Don’t Need Me (Too Much)

8 Jun

What a superb piece! I bet this REALLY resonates with my innie friends!

space2live

One of the gifts of introversion is that we have to be discriminating about our relationships.  We know we only have so much energy for reaching out; if we’re going to invest, we want it to be good.

~ Laurie Helgoe, Introvert Power

Often this gift of discriminating taste feels more like a burden than a gift.  I am acutely aware of my limited energy.  Quite honestly most of my energy goes to raising my children.  What energy I have left I use to nurture friendships, connect with extended family and date.

The truth is we (introverts) have to be selective about all of our relationships.  Unlike extroverts we recharge from within. Socializing with lots of people (although enjoyable) can drain us.  Extroverts get energy from social interactions and external stimulation.

Over the last few years I have learned to pause and gauge how I feel with different people.  Do…

View original post 840 more words

How To Keep Your Property Taxes As Low As Possible With Property Tax Exemptions

20 Dec

How To Keep Your Property Taxes As Low As Possible With Property Tax Exemptions

I know you’re generous and all, but you wouldn’t want to give your county a $200-$1,800 gift of your hard-earned dollars, would you?

The deadline for filing (or confirming filing) of property tax exemptions in Indiana is 12/31!!!

Please watch the video to see what you need to do by 12/29/2011 to make sure your only gifts this year are the ones you give ON PURPOSE!  LOL.

NOTE: I suggest NOT WAITING until the last day to knock this 2 minute phone call out.  I’m just guessing that they will be very, very busy down at the Auditor’s office in those last few days.  DO NOT count on the online records.  They are over a year behind!

WATCH AND CALL TODAY!

Burning Money

Question: When you find yourself in a conversation and the topic turns to mortgages, would you feel comfortable introducing the people you care about to me?
If so, the next time you hear someone talking refinancing or home purchase, please pick up the phone and call me immediately at (260) 414-3511. You will feel good knowing that I will take extraordinarily good care of them.

What’s the Difference Between an FHA and a USDA Mortgage?

31 Jul

What’s the Difference Between an FHA and a USDA  Mortgage?

The vast majority of first time home buyers purchase their first home with using either an FHA or a USDA home loan for their financing.  These two options offer some great advantages as well as some negatives.  Let’s take a look at the differences.

 

Hopefully after watching that video you have a bit better understanding of the difference between an FHA and a USDA home loan.

FHA LoanFHA Loans

FHA loans are by far the most popular of all loan options for first time home owners.  The unique combination of low down payment, lenient credit qualifying, artificially low interest rates along with no income limits or property geographic limitations make this the loan of choice.

These loans are sponsored by the Federal Housing Administration (FHA) in order to increase availability of mortgage financing to those who have only a small down payment but still would like to purchase a home.

USDA Loans

A USDA loan, where available, offers true 100% financing.  Obviously, this makes it a very popular program.  All that glitters is not gold, however, as I explained in the video.  I’m not opposed to using the USDA loan but I do believe strongly that a home buyer should clearly understand what they’re getting themselves into here.

USDA LoanThe obvious advantages is the fact there is no down payment and there is no monthly mortgage insurance.  But nothing is free.  The USDA loan is no exception.  The not-so-obvious disadvantage is that you are adding over 3.5% of the purchase price onto your loan in the form of a reservation fee.  Therefore you are actually borrowing not 100%, but 103.5% of the purchase price.  Additionally the loan is only available on certain addresses.  Basically the program is designed to encourage “rural” housing.  In other words, to increase sales of homes outside of major cities like Fort Wayne.

Why is that a big deal?  Well, when you go to sell a home here in Indiana you need roughly 10% equity in the property just to break even (after paying pro-rated taxes, Realtor fees, closing costs, etc).  With a typical 30 year loan this borrower will not have 10% equity in their home (starting with 103.5% and assuming flat housing prices) for roughly 7 years!  So, you’ve made your mortgage payments from August 2011 all the way through August 2018, you go to sell your house and walk away with… Nothing?  Ouch!

USDA vs FHANow pointing this out won’t be popular with many Realtors and even more builders.  Builders can charge a premium for homes in areas that offer USDA 0% down financing because it EASY to get into the house.  If you plan to purchase one of these home because you can get in with very, very little “skin” in the game, just remember, it’s “pay me now or pay me later.”  Facts are the facts and you deserve to understand your options.

Personally, I encourage buyers who are using the USDA loan to set up AUTOMATIC extra principal payments along with their mortgage payments.  On a $100,000 mortgage you can dramatically reduce your principal balance quickly by just adding an additional principal payment of 10% of your payment each month.  Many people I’ve seen have the best of intentions, but unless it is set to AUTOMATICALLY get paid, alas, the extra payment loses out to an iPad, or braces, or a cruise, or even Starbucks.  Don’t let that be you!

For a detailed post on USDA loans click here.

Your next loan in Indiana

When you’re ready to get your next loan in Indiana, I would love to help you.  My pledge, as always, is to treat your money as if it were my own.  I will treat you as a friend, not just a file.

Sincerely,

Chris Sanderson Tech Savvy LenderChris Sanderson
Tech Savvy Lender
260-414-3511

What’s the Difference Between a Home Appraisal and a Home Inspection?

29 Jul

What’s the Difference Between a Home Appraisal and a Home Inspection?

 

I get it!  Everyone is looking to save money when possible on the purchase of a home.  But friends, the argument that since the lender will be appraising the house you can go ahead and skip the home inspection.  NOT a good idea!  Here are the major differences, as I see them, between a home appraisal and a home inspection.

The Home Appraisal

First, let’s take a look at the home appraisal.  The purpose of the home appraisal is to get an independent opinion of value.  It will confirm to the lender that the house they are considering loaning money against is worth at least as much as the buyer has offered to pay for it.  Sometimes a misguided buyer just has to have that cute little bungalow because of that maple leaf shaped swimming pool and the granite island in the kitchen.  Here’s the problem:  They’ve been looking for a maple leaf shaped swimming pool and this is the only one they’ve found.  So, yes, $150,000 seems a little high, but who’s counting when you find that perfect pool!  The buyer can agree to buy.  And the seller can agree to sell.  But when the lender finds out that similar houses are actually only selling for $125,000 the lender will not make the loan based on the $150,000 purchase price.  The lender will lend based on the real market value of $125,000.  So, either the deal falls through or the buyer makes up the $25,000 difference with their own cash.

AppraisalThe licensed home appraiser will pull “comps.”  Comps are homes that have sold in the past 12 months that are similar to the house being appraised (called the “subject property”).  Generally the appraiser will find 3 comps that are similar in age, size, location, bedrooms and baths.  They will make “adjustments” to the value if they cannot find identical homes that have sold.  Based on the sales price of the comps the appraiser will determine their opinion of the subject property’s fair market value.

So, as you can see the appraisal is to protect the lender, NOT to inspect for the condition of the house.  Yes, if something is grossly and obviously wrong with the house the appraiser will catch it.  But the appraiser does not go to the home with the idea of checking the furnace, roof, wiring, plumbing, termites, etc.

The Home Inspection

The home inspections is wildly different from the home appraisal.  First off, it has nothing to do with your mortgage.  You can get a mortgage without a home inspection, but probably not without a home appraisal (unless you’re putting down a VERY large percentage of the purchase price).

The home inspection is contracted and paid for by the buyer of the home.  A licensed home inspector will inspect for major defects all the major components of the home:  i.e. foundation, roof, plumbing, electrical, heating, air conditioning, appliances, outlets, windows, insulation, etc.

knob and tube wiringAt the completion of the home inspections, which take from 2-5 hours, and cost from $225 – $600, the buyer will receive a copy of a very detailed home inspection report.  As you can guess, the home inspector does not generally offer an opinion of value as the appraiser does, but rather a report of the condition of the home.  In the case where a “major defect” is discovered, the buyer may complete an “inspection response,” requesting that the seller repair the major defect.  The seller may choose to correct the defect, in which case the buyer is obligated to purchase the home.  Or, the seller may determine that they are not willing to correct the defect.  If the seller refuses the purchaser should be able to recover their “earnest money deposit” from the seller.  Occasionally the seller will disagree with the inspector’s findings, which can get pretty interesting, but that’s a different post altogether!

Hopefully you are now much clearer on the difference between a home appraisal and a home inspection. 🙂

Your next loan in Indiana

When you’re ready to get your next loan in Indiana, I would love to help you.  My pledge, as always, is to treat your money as if it were my own.  I will treat you as a friend, not just a file.

Sincerely,

Chris Sanderson
Tech Savvy Lender
260-414-3511

Kiss Your Landlord Good-bye! Complimentary Fort Wayne Home Buying Workshop

29 Jun

What?

At this complimentary home buyer workshop you will:

  • Understand HOW to buy your first home
  • Receive a copy of your credit report with your score
  • Determine whether you qualify for a mortgage loan
  • Know what loan programs are available for first time home buyers, and how much $ you’ll need (if any!)
  • Recognize the 10 deadly mistakes buyers make – and how to AVOID them!
  • Receive a planning guide to make home ownership a REALITY!

When?

Two workshops to choose from:Mark Your Calendar

  • Wednesday, July 20th from 6:00 – 8:00 pm or
  • Saturday, July 23rd from 10:00 am – 12:00 pm

Where?

Workshops are help at the downtown public library.  We’ll get you specific directions once you’ve registered.

Register Now!

To save your spot please either:

We look forward to meeting you and helping you KISS YOUR LANDLORD GOODBYE!

Goodbye

Showcasing Fort Wayne Day 2 – Julia Fiechter & JFLendingAHand.com

2 May

Showcasing Fort Wayne Day 2 – Julia Fiechter & JFLendingAHand.com

On a dreary Sunday Laurie and I drove on out to see Julia Fiechter, a creative Fort Wayne Realtor who has come up with a brilliant new way to help the Fort Wayne community – its retailers, its consumers, and yes, its charities!  Check out what we learned in between open house “lookers…”

About Julia

I was a bit confused at first, but now I get it!  Think Groupon meets Salvation Army!  The program is designed to give back by working with local businesses, consumers and charities. Each participating retailer comes up with a creative offer as a customer incentive.  For example, let’s take a look at how Bandido’s is participating.

Bandido’s will give the customer 5% off their bill and donate 5% to the Community Harvest Food Bank when the customer shows their JFLendingahand.com client card.  Talk about win-win-win!Mike Thomas Associates

But Julia didn’t just design the program.  She’s also an active participant!  As a Realtor with Mike Thomas Associates, Julia has committed to donating 10% of her commissions to the charity of her client’s choice.  Now that’s putting your money where your mouth is!

You can get your complimentary JFLendingAHand customer card, browse a list of participating retailers, as well as a list of participating charities at Julia’s website, www.JFLendingAHand.com.

 

JFLendingaHand.com

About the author:

I’m Chris Sanderson, Fort Wayne’s own “Tech Savvy Lender,” with Ruoff Home Mortgage.  As a life-long resident of Fort Wayne I continue to be amazed by the hidden treasures right under our noses.

When it’s time to get a mortgage in Fort Wayne please call me! 

Chris Sanderson
Tech Savvy Lender in Fort Wayne, IN
Ruoff Home Mortgage
Direct:  (260) 414-3511
mrchrissanderson@gmail.com
www.TechSavvyLender.com

Fort Wayne, IN – Showcase Our City 31 Days of May Challenge

28 Apr
 

Fort Wayne, IN – Showcase Our City 31 Days of May Challenge

Don’t we have a tremendous city?  Help me showcase it.  I’ve accepted a challenge to write a new blog post every single day of May 2011 about local site, sounds, and businesses of Fort Wayne, as well as our real estate community.

SUGGESTIONS PLEASE!

Fort Wayne, INSome suggestions so far:

  • Coolest real estate offices in Fort Wayne
  • View from the top of Lincoln Tower
  • Behind the scenes at the Zoo
  • Day in the life of a the FWPD
  • Mayoral race candidate interview

I’d really like to highlight some of the local flavor here.  I was born and raised in Fort Wayne so sometimes I forget what is special about Fort Wayne, IN!  Help me show the world what we have to offer.

When you need some answers regarding mortgages and home loans in Fort Wayne, IN I will treat you as I would like to be treated. 

To your abundant success!

Chris Sanderson
Tech Savvy Lender
Ruoff Home Mortgage
www.techsavvylender.com
260-414-351

How To Appeal Your Property Tax Assessment in Fort Wayne, Allen County, IN

18 Apr

How To Appeal Your Property Tax Assessment in Allen County, IN

Special thanks to Christine and Ed Schaefer for this terrific video about the tax bills many of us have just received here in Fort Wayne.

What a great video.  See the complete post right here!

christine and Ed Schaefer

You’ll love this:  They’re both natives of Bern.  Christine, Berne, Indiana.  Ed, Bern, Switzerland!

Thanks, you two, for making this great post!

Top Secret Mortgage Payment Calculator

16 Apr

Top Secret Mortgage Payment Calculator

After many years as a mortgage loan originator I was frustrated by how difficult it was to quickly give a Realtor or a home buyer an accurate estimate of the money they would need for closing.  Sure, we all have access to mortgage payment calculators, but that won’t tell you how much you’ll need for closing, the difference between lender-paid closing costs, interest rates, etc.  Furthermore, I could not easily email or print out samples from a mortgage payment calculator. 

Soooooooo, I came up with a fabulous idea, if I do say so myself!  It tested every “tech savvy lender” bone in my body, but I developed my top secret mortgage payment calculator!  Watch the video to see it in glorious action!

What do you think?  How cool is that!?!  Realtors and borrower alike were shocked to see how effortlessly I could accurately estimate their monthly payments and money needed to close, etc.  Within 2 minutes this top secret mortgage payment calculator can knock out what loan origination software used to take 15 minutes to do.  Who wants to wait around 15 minutes????  Not me.  Not you.  Not my borrowers.  And certainly not the Realtors I deal with.

Attention Realtors and home buyers in northeast Indiana: Why not program my name and phone # in your cell phone so you can call me to get a quick sample?

Chris Sanderson, Tech Savvy Lender
Ruoff Home Mortgage, Fort Wayne, Indiana
mrchrissanderson@ruoff.com
260-414-3511
http://www.facebook.com/techsavvylender.com
http://www.twitter.com/techsavvylender

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