Tag Archives: allen county

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!


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.

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.



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

Showcasing Fort Wayne Day 1 – The Home of Philo T. Farnsworth

1 May

Showcasing Fort Wayne – The Home of Philo T. Farnsworth

Philo T. Farnsworth

Who knew?  Philo T. Farnsworth, the inventor of TV, set up shop right here in Fort Wayne.  Want to see where he lived?  Just go east on E. State Blvd a few blocks to the corner of St. Joseph Blvd & E. State.  There you’ll find the beautiful historic home of Philo himself!

According to Wikipedia (which of course, is absolutely accurate!):

“In 1938, Farnsworth established the Farnsworth Television and Radio Corporation in Fort Wayne, Indiana, with E. A. Nicholas as president and himself as director of research.[26] In September 1939, after a more than decade long legal battle, RCA finally conceded to a multi-year licensing agreement concerning Farnsworth’s 1927 patent for Television totaling $1 million. RCA was then free, after showcasing electronic television at The New York World’s Fair on April 20, 1939, to sell electronic television cameras to the public.[22][26]

Farnsworth Television and Radio Corporation was purchased by International Telephone and Telegraph (ITT) in 1951. During his time at ITT, Farnsworth worked in a basement lab known as “the cave” on Pontiac Street in Fort Wayne. From here he introduced a number of breakthrough concepts, including: a defense early warning signal, submarine detection devices, radar calibration equipment and an infrared telescope.”


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

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!

Zero Down Mortgage? Yes, With The USDA Home Loan

13 Apr

Zero Down Mortgage?  Yes, With The USDA Home Loan

As a loan originator, I get lots of questions from home buyers and Realtors about 100% financing. After the recent home mortgage meltdown crisis, nearly all 100% financing options went bye-bye. USDA, however, did not!  In fact, with the USDA home loan you can actually borrow 103.5% to cover the one-time 3.5% reservation fee.

Maybe the best part of all is that even though you are putting no money down, unlike an FHA loan, with a USDA home loan at 100% financing there is currently NO PMI (private mortgage insurance).

Here’s a quick video I did with Vince  Maloney of the USDA (United States Department of Agriculture).  Vince and Trisha Viscardi of Chase Home Lending were in Fort Wayne, Indiana to put on a seminar on the USDA rural Housing program.

There are a few basic limitations, however. The main two are income limitations (maximum family income of a family 1-4 people is roughly $75,000 in Indiana), and location (house must be located in an approved area).

No USDA on thisun!

In our neck of the woods here’s the qualification map.  The shaded areas are NOT eligible, which leaves a TON that IS eligible.  🙂

USDA eligible Allen county

When you go to the “real” map on the USDA or Chase’s web site, you can zoom in and easily see the boundaries for the USDA 100% home loan .  You can even enter in your property address and it will tell you whether or not that address is eligible for a USDA guaranteed home loan.  Pretty slick!

Here’s the link to the maximum income limits for Indiana

Finally, here’s some addition USDA Home Loan “fine print” for you detail-oriented types. ;-P 

  • Monthly mortgage insurance to begin fiscal 2012, which October 1, 2011.  The Guarantee fee will drop to 2% and a monthly MI premium of .30 will be added to all USDA loans. 
  • Education for first-time homebuyers is no longer required by USDA in Indiana.  Some investors overlays may still require it, however.
  • Soon all of Aboite Township will NOT be eligible for the USDA Home Loan.  
  • Can finance closing costs up to 100% of appraised value, not including Guarantee Fee. With Guarantee Fee can finance 103.5% of appraised value
  • Unlimited seller contributions allowed
  • Unrestricted gift funds, can come from any source other than an interested party.
  • Extra ways you can stay under the maximum income:  Can deduct child care costs dollar for dollar from household income for children 12 and under. You can deduct $480 per dependent under 18. You can also deduct $400 per household member over 62 off of the annual household income.
  • Derogatory credit after a BK will be tough from now on
  • If a borrower had bad credit before owning a home or having any time of living expense (rent, etc) it will be tough to get an approval
  • A 660 score and above will allow for unsecured funds for closing (putting cash to close on credit card, for instance).
  • The USDA Guarantee Fee can be partial financed. This is unlike FHA where the MIP has to be either entirely paid in cash or entirely financed. The seller or the lender can pay just a portion or all of the Guarantee Fee and the borrower can finance the difference
  • No Pest Inspection or Septic Inspection will be required unless addressed in appraisal.
  • A Water test is always required on private wells for a USDA home loan.
  • Required repair items for escrow cannot exceed $10k or 10% of loan amount, the lesser of the two. The home must still appraise for no less than the proposed loan amount.
  • In RARE situations a USDA home loan CAN be approved even when the borrower owns another property.  If the borrower has a 50 mile or more commute, if the house too small for family (outgrown), other home not affixed to foundation (mobile home).  Caution on these!  Case by case.

For questions about the USDA home loan program, FHA loans, VA loans (and every other conceivable type of home loan / home mortgage program), please contact me, Chris Sanderson, Fort Wayne’s own Tech Savvy Lender, at 260-414-3511 or shoot me a quick email at mrchrissanderson@ruoff.com.  🙂

To your abundant success,

Chris Sanderson

First Blockbuster, then Borders… Don’t YOU Be Next!

13 Apr

First Blockbuster, then Borders…  Don’t YOU Be Next!

Here’s the deal, my Realtor and real estate friends…  Video is not going away. Ignore it at your own peril.  No joke.  You don’t want to go the way of Borders and Blockbuster! 

The shocking facts:  Over 75% of your listing prospects (that’s home sellers!) would prefer to list their home with an agent who is using video marketing!  But less than 25% of Realtors actually do use video! 

Heck, I’m a LENDER and I’m using video.  Here’s one of the ways:

Register Now!

Yes, you were right on that one:  Beanie Babies were a fad!  The Snuggie, uh-huh!  But video?  Absolutely, positively HERE TO STAY. Let go of whatever fear you have, get out of your comfort zone and start shooting video of you, your listings, your clients, your buyers, heck, your dog if you want!  But you’ve got to start using video or the tech savvy Realtors are going to eat you for lunch. 

Ancient phone

Admit it! You swore you'd never have a cell phone! 🙂

Even if you’re not in Fort Wayne, Indiana, check out this invitation for yet ANOTHER idea on just how powerful video is, and where you can use it!  It’s for an upcoming FREE class for Realtors – YouTube  101.   YouTube 101 CC pic

For more Realtor marketing, home buying and refinancing tips, please head over to http://www.techsavvylender.com.  🙂

To your abundant success,

Chris Sanderson

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