Happy Administrative Professionals Day!!!

Admin Day“No one is more cherished in this world than someone who lightens the burden of another. Thank you.” — Joseph Addison

Spring foward!

Spring Forward

Spring is right around the corner and daylight savings time begins this weekend!  If you have clients that are looking to sell their homes during the spring – summer sales season, now is the time to begin getting their homes ready to list! Let them know! When the flowers start blooming, buyers start looming! If you have any questions about how I can help during this busy season, please do not hesitate to give me a call.   

NOTICE TO ALL GEORGIA REAL ESTATE LICENSEES

Real Estate Agents in Georgia, did you get this email?

grec-logo-150x150

The Georgia Real Estate Commission is proposing two changes to the current Rules of the Commission:

Advertising – The purpose of this change is to address the use of the Internet to advertise real property. This proposed Advertising Rule is a revision of an earlier proposed Rule sent to you previously.

Maintaining a License – The proposal is to increase continuing education hours from 24 to 36 over a 4 year license renewal period. Also, after July 1, 2016, continuing education shall include a mandatory 3 hours on the topic of License Law.

Note: This Rule will NOT apply to those individuals known as “Grandfathered Licensees” who were actively licensed prior to January 1, 1980. “Grandfathered Licensees” will continue to be exempt from continuing education requirements.

The proposed Rules are available for review and comment by going to www.grec.state.ga.us  or

Click here to see the Advertising Rule Change

Click here to see the Maintaining License Rule Change 

Thank you,

Excited About Saint Patrick’s Day

I am excited about celebrating St. Patrick’s Day this year. It is not because I am Irish, but I think there is some Irish blood on my Mother’s side of the family. Not enough for me to claim being Irish. My love of the holiday started once I started school at Georgia Southern University and went to the Saint Patrick’s day Parade and Party in Savannah, GA. It was always so much fun to watch the parade with its traditions and partake in the festivities along River Street. These days, my husband and I celebrate by having a pint of beer and reminiscing about old times when we were younger. My celebration of the day really has nothing to do with why we have the holiday, but if your interested in what is, check out this website. St. Patrick’s Day. It has everything you need to know about the holiday. I found this cute little video on it! Enjoy!

 

Merry Christmas from REVA Services, LLC

Click to play this Smilebox greeting
Create your own greeting - Powered by Smilebox
Personalize a digital greeting card

Happy Thanksgiving!

Click to play this Smilebox collage
Create your own collage - Powered by Smilebox
This collage personalized with Smilebox

Mortgage Products Offered by Homestar Financial Corporation

Homestar logoI went to a class this week given by The Ryder Team of Homestar Financial Corporation and it was very informative of the types of loans available and the details about the loans. I thought I would pass on this information. This information was good 11/21/2013.

Quick Reference Guide

USDA Loan

  • If the borrower is pre-qualified for a USDA loan then the property has to be eligible as well. To find out go to www.thinkrd.com
  • 100% Financing, 30 year term, not down payment
  • Need 45 days to close a USDA loan
  • No max purchase price but the loan amount can not exceed appraisal value
  • Eligible repairs can be included into the loan. Limited to the lesser of 10% of the purchase price or $10,000
  • To qualify for this loan the household income can not exceed the limits, which are determined by county and household size.
  • Closing costs can be included in the loan if it doesn’t exceed the appraisal value
  • Seller paid closing costs and gifts have no limit.

FHA

  • Down payment as low as 3.5% (can be a gift – not cash)
  • Up-front MIP Funding Fee – 1.75% can be included in loan
  • Need 30 days to close
  • Seller can pay up to 6% in closing costs/pre-paids
  • FHA Loan Limits are by County

FHA 203K

  • Same down payment and up front fee as FHA loans
  • Need 45 days to close
  • House must appraise for purchase price plus cost of approved repairs
  • Repairs have to be made or overseen by licensed contractor
  • Extra inspection fees will be charged to borrower
  • Money for repairs available no sooner than 31 days after closing
  • Buyer cannot get paid to do the repairs

VA Loans

  • 100% Financing
  • Fixed Rate 30 year loan
  • Lenient qualifying terms
  • Allows seller to pay most loan costs up to 4% as part of purchase agreement (borrower can NOT pay appraisal fee, attorney fee or doc. prep. fees: must be paid by seller) – t lease 2%
  • Minimum credit score is 620
  • Those available are – Veterans, Active duty personnel, Reservists/National Guard Members, qualifying surviving spouses

Conventional Loans

Fixed Rate Mortgage

  • Choose the loan repayment term of 10 to 30 years
  • Loan to Value of 95% so 5% down is the lowest you can go
  • Seller concessions are 3% of 90% or greater, 6% on 75.01 to 90% and 9% on less than 75% (investment is limited to 2%)
  • Minimum credit score of 620
  • Maximum loan amount is $417,000
  • Gift of 20% requires no borrower funds, less than 20% requires at least 3% from the borrower

Adjustable Rate Mortgages

  • Initial rates are usually lower than fixed rate mortgages
  • ARMs have an initial fixed rate for 3, 5, 7, or 10 years, then are paid off at an annually adjusted rate during the remainder of the 30 year term
  • Seller concessions, credit score, and loan amount are the same as Fixed Rate Mortgages

Georgia Dream Homeownership Program

  • Maximum Household Income: (Barrow, Bartow, Butts, Carroll, Cherokee, Clayton, Cobb, Coweta, Dawson, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Haralson, Henry, Newton, Paulding, Pickens, Pike, Rockdale, Spalding or Walton Counties) 1-2 persons $69,00; 3+ persons $79,500  All other countries: 1-2 persons $59,500; 3+ persons $68,500
  • The sales price of the home cannot  exceed $200,00
  • This loan is available to first time home buyers, those who have not owned a home in the past three years and those who purchase a home in targeted areas.
  • Down Payment Assistance – use this loan in conjunction with a Georgia Dream First Mortgage Loan
  • Borrower(s) must complete credit counseling
  • Borrower(s) must contribute a minimum of $1,000 to the purchase – can be a gift
  • Down Payment Loan Options: STANDARD $5,000 PEN: Eligible home buyers who are employed in qualified public protection, military, health care or education qualify for $7,500 CHOICE: Eligible home buyers whose household includes an individual living with a disability qualify for $7,500
  • Plan for a 60 day closing
  • Must follow FHA Guidelines
  • The down payment assistance laon is an interest free second mortgage with no payments. this loan is NEVER forgiven. when the home is sold or the loan is refinanced the down payment assistance loan must be repaid.

 

Choosing a Gas Provider with the Winter Months Coming Upon Us!

dif

I bring up this topic only because I just had to make the choice myself and it wasn’t as easy as I originally thought. It is that time of year where I have to decide to renew with the company I am currently with or go with another provider. I have been getting ads in the mail advertising the rates of the company I am with and competitors. One I found was going to be charging about ten cents less per therm than my current provider. Easy decision right? So I login to sign up and I get to the part where you accept all the terms and I thankfully noticed that the monthly fee was going to be $3.04 more than what I am already paying. This when that easy decision wasn’t so easy. They will be taking $3.04 more from me each month no matter how much gas I use, but will the saving from the per therm amount make up the difference or not. Hmmm….Well I took the time and pulled up my therm per month used last year and worked it out for both companies and calculated the difference. One company saved me money during the light months while the other saved me money during the heavy months. The difference in the saving is how I made my decision. The answer:  The cheaper monthly service fee is worth a higher per therm rate. It was for me last year at least. Hope this helps someone else making the same decision.

Not sure if you can see this picture, but it is my work on figuring out which would be best.

 

RoboForm and National Cyber Security Awareness Month

NCSAM-10th-Anniversary-Logo-302x86

 

 

RoboForm is a program that I use to keep track and secure all my passwords and my clients passwords. I have over 100 personal passwords to keep up with and then add the multiple passwords for all my clients, there would be no way without RoboForm. I am sure I would figure something out, but I am glad I don’t have to.

Well the month of October has been declared National Cyber Security Awareness Month and RoboFrom has been posting some Cyber Security Information all month. This is one I found very interesting and thought I would share. It is a website where you can type in what your password is and it will tell you how hackable your password is. I tried my favorite password (everyone has one) and it would take them 41,736 years to figure it out. That is pretty awesome.

Try Yours Now!

Daylights Savings is Coming Up!

2-Daylight-Saving-Time-2013A reminder for this has always been one of my favorite things to email or send post cards out to client’s database. It is just an easy, simple, and so darn helpful way to keep in front of your sphere of influence, past clients, leads, and present clients. Have you ever forgot? I have. Have you ever found out the night your supposed to reset your clocks? I have. The first time I got a reminder from a realtor I knew, I was like “OMG thank you!!!!!” Maybe it is just me and more people are just aware of when these times of the year fall, but it can’t hurt to remind them either.

So this is me, reminding you, to send out this reminder to your database!!! If you need help with that, let me know. 🙂