Thursday, March 21, 2013

They're Back - 100% LTV

Well, I can tell we are all slowly getting back on proverbial real estate "horse".  It was not too long ago that I could get a young professional into a 500K home without any downpayment.  Yep, that went away with the financial meltdown. To steal a term from the beloved Arnold Schwarzenegger - "I'll be back".

As a real estate professional I surely can remember thinking "Boy, those were the days!".  Welp, strap on your bootstraps cowboys.  I found a 100% conforming professional mortgage for up to 500K!  I know, us conservative folk say that was not then, and is not now, a prudent decision.  I do not personally disagree with that sentiment in general.  However, the key word in this mortgage description  is professional.  Are you a resident doctor?  If you are, then IMO you are professional that may need this type of product.  In my PC opinion...give me a call  (I am not a loan officer nor a mortgage professional) I will be happy to connect you to those in the know!

Thursday, March 14, 2013

Truly Trulia and Zillow

With over 1 million visitors per month, Zillow has become a popular site for home buyers & sellers. I too have visited Zillow and Trulia on occasion.  Typically it is due to a client call or inquiry relating to the home for sale down the street.  While I do not expect nor want the general public to only go where I tell them.  I must stress that 20% to 30% of the data on these sites is not accurate or reliable.  90% of all real estate website traffic in Central Indiana is in three sites (Zillow 40%, MIBOR 40%, Homes.com 10%).  If you would like to find a home that fits your needs, MIBOR.com provides real-time data and market information unparalleled in the industry.  Zillow and Trulia are not as accurate and presents homes based on sponsorship dollars more than your needs as a seller or buyer.