Posts in category 'The Sun'

A misunderstood and little-known loan product could be the answer to your house-buying woes.

Let's say you've been out looking at homes to buy. You've found something; it's the right size, great location, perfect yard. If it weren't for that darned master—there's no master bath!

Here's something that will rock your world: A loan product that allows you to renovate the home and work the cost of renovation into your mortgage loan, all at a nice sub- 5 percent, 30-year fixed rate. It's called the FHA 203K loan and it's a viable answer for discriminating home buyers in a market with very few choices.

"We do these type of loans all the time," said Nancy Patt, Derry Township resident and senior loan officer for Residential Mortgage Services. "They are a wonderful
option for folks who...

Click Here to Read More...

Hello everyone, Eileen Voyles here! I'll be bringing you monthly news from the Sun Country real estate market. This news affects all of us with a roof over our head – whether the roof is owned, rented, mortgaged, large, small, or just plain leaky!

Many of us have felt a crazy case of supply shortage as we've searched for homes this past year. We've been hampered by multiple offers on the same home, bidding wars, or homes sold before we could even see them! Let me explain why:

In the 12 municipalities of Sun Country, our Months of Remaining Inventory, or MRI (the time it would take to sell all of the existing homes currently on the market if sales continue at the current rate), is barely over 1 month, meaning if nothing else were listed, all the homes for sale would be sold in one month. The national MRI is four mont...

Click Here to Read More...