In case you missed it! President Obama was at Central High School here in Phoenix earlier this month and said this about becoming a homeowner: "...and here in Phoenix, I want to talk about helping more families afford their piece of the American Dream, that is owning their own home".
I know we all have heard the promises and some get excited but most don't REALLY know what it all means! The President introduced a program that as of January 26th, mortgage insurance for FHA loans will be lowered by half a percentage point, from 1.35 percent to 0.85 percent. So in plain Math terms, if your loan amount for your house was $100,000- if you were to only put down the standard 3.5% down payment (which most first time or FHA buyers do unless you go through a ZERO down payment program that is available but we will save that for another blog lol) - instead of the mortgage insurance monthly being $135 it will now be $85 monthly - that's $50 for Starbucks coffee every month but in reality, this means you can go a little higher in sales price OR have enough room to buy a house with a higher HOA fees (normally a subdivision that is gated or with a community pool has higher HOA).
It's Tax season, put your tax return into good use and invest in your future! Interest rates are as low as 3.875% - 4% which means you are getting a SMOKING deal!
Need more reason to buy? Check out these stats.....
We will walk you through the process of owning a home and it doesn't cost you to use our services, yes - that means FREE!
You can also search for homes on our site which will also give you an est. monthly payment for each house you are looking at - what are you waiting for? Search for a home NOW!
Mojica & Associates Real Estate has over 55 years of combined real estate experience here in the Valley. Concentrating on evolving trends in a rapidly growing market, we specialize in finding the perfect opportunity for first time buyers, families looking to upgrade their home, 2nd home buyers and investors. Whether you are looking for the perfect place to hang your hat or finding qualified buyers to purchase your current property at top market prices, we can get it done for you.
Mojica & Associates Real Estate professes that the only way to best serve our clients’ needs is to continually educate ourselves and our agents on the most current and future market trends. Whether it is cutting edge technology to showcase or find the perfect home, making sure our staff is the most knowledgeable in the Valley on contracts, curre nt laws governing real estate sales, short sales, or simply updating our listings throughout the day, we deliver.
Available to you, our most important client, is a vast network of business professionals dedicated to every facet of the buying or selling experience. We specialize in “targeted” marketing that provides optimal exposure through every forum available in today’s competitive market.
One of the benefits of homeownership is that it is a “forced sa
"Vic did an excellent job in getting the house that I wanted. He kept me updated with the status of the house and what was going on with the seller and got me my house with no issues and he even helped me find contractors to do tile work, painting, and granite installation at a very reasonable price since they were all people he had work with on previous jobs. He even took the time to come and check up on the jobs that were being done during the renovation process since I lived out of town. After a year and a half had went by he was kind enough to contact me and let me know that the property values around my area were shooting up and advised me on refinancing to get rid of my PMI since I had an FHA loan I was able to refinance and get a conventional loan which dropped my house payment by $150 a month. I would greatly recommend Vic to any of my friends or family or anyone looking into purchasing a home or selling a home. He does a fantastic job and even after the job is completed he will continue to work for you by letting you know any updates with the real estate market around your home and offer you great advice."