Nashville Tennessee Real Estate Tools

June 13th, 2009 jstaler Posted in Buyers information, Mortgage Information, Renters, Sellers information Comments Off

Buying or selling a home is one of the biggest events in your life.  Real estate sales are complex transactions in which innumerable snags can occur.  Be prepared with the tools you need to successfully navigate the real estate waters. 

With over 14 years of experience working in the Nashville real estate market I’ve put together an extensive collection of resources to guide homeowners, homebuyers and real estate investors through the process of selling and buying a house, condo or other Nashville TN property.  I hope the following tools will be of assistance to you in your Middle Tennessee real estate dealings.  And remember I can be reached directly by clicking here for one-on-one expert help and advice. That’s my job.

Rent Vs. Buy

With interest rates near forty year lows, the decision to rent versus buying a home in Nashville TN becomes difficult. Click here to use my Rent vs. Buy calculator tool to help determine which makes sense for you at this time.   This calculator helps you weed through the fees, taxes, and monthly payments to help you make a good financial decision.

How Much Home Can You Afford?

The first step in buying a house is determining your budget. Click here to use my Home Mortgage Calculator.  This calculator steps you through the process of finding out how much you can borrow. Fill in the entry fields and click on the “View Report” button to see a complete amortization schedule of your mortgage payments.  

Real Estate In Middle TN
Real Estate in Middle Tennessee consists of a handful of different communities and towns that are within the Nashville area. Those communities consist of, but are not limited to, Green Hills, Bellevue, Belle Meade, West Meade, Belmont, East Nashville, Hillsboro/West End, Oak Hill, Vanderbilt, Forest Hills, Crieve Hall, Downtown Nashville, Brentwood and Franklin. You can find out more about the Nashville communities by clicking on the links above. 

 CLICK EACH LINK BELOW for more help with your home search: 

SEARCH the MLS> ALL the local listings updated to the minute!     

Neighborhood Search>Search ONLY your favorite neighborhoods 

 
FEATURED HOMES> JoAnne’s latest listings

Click Phone> Click to call JoAnne’s cell phone toll-free RIGHT NOW!
 
FREE RELOCATION PACKAGE> Personalized and overnighted to your home!
 
Automatic E-mail Listing Updates> Sign up for daily emails of new listings fitting YOUR home search criteria
 
SCHOOL REPORTS> As a mother of three, JoAnne knows schools!       
 
Market Snapshot> Sign up for email updates on home sales and stats for ANYWHERE IN THE COUNTRY!
 

JoAnne’s BLOG> Middle Tennessee real estate news and opinions   

 

  For more specific information about neighborhoods such as Brentwood, Franklin, Green Hills, Belle Meade, or any area in Middle Tennessee call JoAnne direct by clicking here or visit her website at http://www.joannestaler.com.

 

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New Agency Formed to Promote a Stable Mortgage Market Offers Nashville TN Homebuyers and Sellers Assistance

March 25th, 2009 jstaler Posted in Buyers information, Home Sale Statistics 2008, Mortgage Information, Renters, Sellers information Comments Off

A new government agency named the Federal Housing Finance Agency (FHFA) was recently formed to promote a stable and liquid mortgage market, affordable housing and community investment through safety and soundness oversight of Fannie Mae, Freddie Mac and the Federal Home Loan Banks.  A web site premiered October 27, 2008, as the portal to information about this new agency, which was formed by a legislative merger of the Office of Federal Housing Enterprise Oversight (OFHEO), the Federal Housing Finance Board (FHFB) and the U.S. Department of Housing and Urban Development (HUD) government-sponsored enterprise (GSE) mission team. FHFA regulates Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks. Click here to read more about the FHFA.

Are you a Nashville TN homeowner still not convinced it is the best time to sell your Nashville TN home but concerned about your financial situation if you stay in your current home?  Use the self-assessment tools provided by FHFA on MakingHomeAffordable.gov to see if you are among the 7 to 9 million homeowners who may be able to benefit from Making Home Affordable. The President’s Plan was created to help millions of homeowners refinance or modify their mortgages to a payment that is affordable, both now and in the future.

Are you thinking of buying your first Nashville TN home?  As a first time homebuyer the mortgage process might be a bit intimidating.  Review the Mortgage Basics….
HOW-TO GUIDES AND TOOLS FOR EVALUATING MORTGAGES provided by FHFA

GOVERNMENT

Federal Reserve Board
Website tool for comparing mortgage rates and terms
https://www.federalreserve.gov/apps/mortcalc/

Handbook describing adjustable rate mortgages (produced in conjunction
with other federal agencies)
www.federalreserve.gov/pubs/arms/armsbrochure.pdf

Publication describing interest-only and payment-option mortgages (produced
in conjunction with other federal agencies)
www.federalreserve.gov/pubs/mortgage_interestonly/mortgage_interestonly.pdf

Brochure describing the basics of mortgage-rate lock-ins
www.federalreserve.gov/pubs/lockins/default.htm

Information on settlement costs
www.federalreserve.gov/pubs/settlement/default.htm

Primer on home equity lines of credit
www.federalreserve.gov/pubs/equity/equity_english.htm

Federal Reserve Bank of Atlanta
Payment calculator and affordability analysis tools
www.frbatlanta.org/partnerssoftwareonline/dsp_main.cfm

Federal Deposit Insurance Corporation
Shopping guide for obtaining the best mortgage (produced with the Interagency
Task Force on Fair Lending)
www.fdic.gov/consumers/looking/index.html

Broad educational tutorial on the banking system and wise financial decision-making
www.fdic.gov/consumers/consumer/moneysmart/mscbi/mscbi.html

U.S. Department of Housing and Urban Development
Detailed guide to settlement costs
www.hud.gov/offices/hsg/sfh/res/stcosts.pdf

NONGOVERNMENT

Freddie Mac
Online resource detailing the benefits and costs associated with homeownership
http://www.freddiemac.com/corporate/buyown/english/preparing/right_for_you/

Simple description of how mortgages work and different mortgage types
http://www.freddiemac.com/corporate/buyown/english/mortgages/what_is/

Fannie Mae
High-level guide describing the basics of homebuying and mortgage applications
www.fanniemae.com/homebuyers/findamortgage/becoming/index.jhtml p=Find+a+Mortgage&s=Becoming+a+Homeowner ?

Monthly mortgage payment calculator
www.mortgagecontent.net/scApplication/fanniemae/monthlyPayment.do?p=Resources&s=Calculators&t=How+Much+Is+Your+Monthly+Payment ?

Home and mortgage affordability calculator
www.mortgagecontent.net/scApplication/fanniemae/specificSalesPrice.do

Tool for determining value associated with mortgage refinancing
www.mortgagecontent.net/scApplication/fanniemae/refinanceResults.do

Primer on reverse mortgages
www.fanniemae.com/global/pdf/homebuyers/moneyfromhome.pdf

Mortgage Bankers of America
Brochure discussing mortgage basics and ways of finding the right mortgage
www.homeloanlearningcenter.com/files/MtgsAtoZFirstSteps.pdf

Details on the mortgage application process
www.homeloanlearningcenter.com/files/MtgsAtoZHomeLoans.pdf

National Association of Home Builders
Short, high-level description of mortgages with tips on shopping for adjustable- rate mortgages
www.nahb.org/generic.aspx?genericContentID=303&print=true

You might have an idea of the loan payment and mortgage you can afford. But will the bank feel otherwise? It’s always best to pre-qualify for a mortgage so you know exactly how much a financial institution would be willing to lend you. I help buyers pre-qualify for mortgages every day. Simply click here to begin the prequalification process. Remember: I will respect your privacy and this service is also provided free of charge, without any obligation on your part. It is part of my job as a top Nashville, Brentwood and Franklin real estate agent to offer services such as these. 

More FHFA sponsored links to assist Nashville home buyers and sellers….

Freddie Mac’s Primary Mortgage Market Survey

FHFA News Releases

Latest HPI Report

Download the latest House Price Index for the 4th quarter 2008 in PDF format

 

Do You Have a Real Estate Related Question? I Will Email You an Answer Quickly. 

As a top Nashville, Brentwood and Franklin real estate expert, it’s my job to help! It’s my job to know EVERYTHING about real estate! Click here to ask me anything. There are no dumb questions! It’s FREE, and I promise to get back to you quickly… 

This information was brought to you by JoAnne Staler, REALTOR.  JoAnne has lived over 30 years in Middle Tennessee, and has 14 years of full-time real estate practice. Her 3 children have attended area public, private, and parochial schools, so she can help you find the BEST SCHOOL for your child. Whether looking for a Williamson County estate, a Belle Meade mansion, new construction in Brentwood, a Vanderbilt area cottage, a downtown or midtown loft, a gated community in Green Hills, or a historic home in Franklin, JoAnne’s extensive knowledge will help you find the RIGHT HOME in the RIGHT LOCATION!
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U.S. House Prices Increase – Is This a Good Time to Sell or Buy a Home in Nashville TN?

March 25th, 2009 jstaler Posted in Buyers information, Mortgage Information, Renters, Sellers information Comments Off

Traditionally Spring is the busiest time in the Nashville real estate market.  The weather is comfortable for home buyers to tour listings, the foliage is in bloom making seller’s curb appeal optimum, and now with the news that house prices unexpectedly advanced in January this may be the right time to buy or sell a home in Nashville TN.  If you have been waiting until the Nashville real estate market improves to buy or sell a home this recent rise in home prices may be a signal that the market is on the way up.

According to a report from the Federal Housing and Finance Administration U.S. there was a 1.7% month-over-month increase in U.S. house prices following a downwardly revised 0.2% decline in December. The largest increase came in the South Atlantic region, reversing a sharp decline the month prior, where home prices were up 3.6%. In the East North Central region, prices were up 3.9%.

Are you a Nashville TN homeowner still not convinced it is the best time to sell your Nashville TN home but concerned about your financial situation if you stay in your current home?  An important new government Web site was launched on Thursday, March 19, 2009.  Please use the self-assessment tools provided on MakingHomeAffordable.gov to see if you are among the 7 to 9 million homeowners who may be able to benefit from Making Home Affordable. The President’s Plan was created to help millions of homeowners refinance or modify their mortgages to a payment that is affordable, both now and in the future.

Click here for more information regarding buying a home in Nashville TN.

Click here for more information regarding selling a home in Nashville TN.

Click here to read more about you can save your Nashville TN home from foreclosure.

JoAnne Staler, Nashville Tennessee REALTOR with Rochford Realty & Construction Company is providing a unique level of service to home buyers and  home sellers in Nashville, Brentwood, Franklin, Williamson County, Green Hills, Belle Meade, Bellevue, West Meade, Forest Hills, Oak Hill, Vanderbilt, Belmont, Midtown, Downtown, Historic Areas, Spring Hill, and Thompson Station Tennessee.  Whether Buying or Selling Real Estate locally or Relocating to Middle Tennessee, let a Top Selling Nashville Real Estate Agent help.  To find out more about JoAnne Staler or search for real estate via the Middle Tennessee MLS visit www.JoAnneStaler.com.

 

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The Foreclosure Fix Plan and What it Means For Nashville Home Owners and Home Buyers

February 25th, 2009 jstaler Posted in Buyers information, Mortgage Information, Renters, Sellers information 1 Comment »

What does the Anti-Foreclosure Plan mean for Nashville home owners and home buyers? 

 

Obama’s Anti-Foreclosure Plan Addresses Upside-Down Mortgages

By Tara-Nicholle Nelson, Esq., FrontDoor.com | Published: 2/18/2009

After signing a $780 billion-plus stimulus package, President Obama revealed the details of a sweeping $75 billion foreclosure-fighting initiative. Grander in scale than many observers expected, Obama expects his Homeowner Affordability and Stability Plan to save as many as 9 million homes from foreclosure by helping homeowners restructure or refinance their mortgages. On the other hand, the Plan will not, in Obama’s words, “help speculators who took risky bets on a rising market” or “reward folks who bought homes they knew from the beginning they would never be able to afford.”

The Homeowner Affordability and Stability Plan, set to take effect on March 4, aims to staunch the flood of foreclosures and stabilize falling home values through three key components:

  1. Affordability through Refinancing. Under Obama’s Plan, 4 to 5 million homeowners will have access to low-cost refinancing into a mortgage at today’s low interest rates — even if their homes are worth slightly less than is currently owed on them. The reduction in rate will reduce the mortgage payment, increasing month-to-month affordability for these families, most of whom cannot currently refinance their homes due to negative equity.
  2. Stability through Mortgage Modifications. This, the most striking element of the Plan, reflects a clear departure from earlier governmental policy and industry standard practices in the realm of mortgage modifications. Under the Obama initiative, lenders will be paid a monetary incentive to restructure homeowners’ mortgages within the Plan’s guidelines. To earn the incentive, lenders must reduce monthly payments to at most 38 percent of the homeowners’ income, and can earn increasing incentives for decreasing the payment further.Unlike former government and industry plans, the initiative rewards lenders for modifying the loans of homeowners who are not yet behind on their monthly payments, and rewards homeowners who stay current on their mortgage payments post-modification. Additionally, the Treasury Department will implement a single set of standards for loan modifications conducted under the Plan, and every bank that receives bailout monies will be required to adopt similar standards.
  3. Keeping Interest Rates Low. This element of the initiative charges Fannie Mae and Freddie Mac with buying more mortgages, and funds that expansion. The goal? To keep mortgage money flowing through this credit-crunched marketplace, making it easier to buy and refinance homes.

Homeowners wondering whether this Plan will go through as many versions or take as long to get through Congress as the stimulus package did can relax — most elements of the Homeowner Affordability and Stability Plan will be implemented under the President’s Executive Powers on March 4th, and are already funded through other recent economic rescue legislation. The one big exception is the “cramdown” power Obama would like to include in the Plan, which would authorize bankruptcy courts to modify home mortgages by reducing the principal amount owed on the loan. Capitol Hill politicos are already gearing up for the battle over whether that provision will become law.

Who benefits from this plan? Only homeowners who occupy their homes can take advantage of this initiative, not investors who don’t live in the properties at issue. The mortgage modification element of the Plan applies only to Fannie Mae and Freddie Mac-insured loans — this does not include the vast majority of subprime mortgages, which comprise a vast portion of the foreclosure-prone mortgages at present. However, the requirement that all bailed-out banks adopt clear Treasury Department loan modification standards may provide a hidden, but massive, benefit to homeowners with subprime mortgages, who have by and large been unable to figure out how to successfully work with their lenders to modify their loans.

More…

JoAnne Staler, Nashville Tennessee REALTOR with Rochford Realty & Construction Company is providing a unique level of service to home buyers and  home sellers in Nashville, Brentwood, Franklin, Williamson County, Green Hills, Belle Meade, Bellevue, West Meade, Forest Hills, Oak Hill, Vanderbilt, Belmont, Midtown, Downtown, Historic Areas, Spring Hill, and Thompson Station Tennessee.  Whether Buying or Selling Real Estate locally or Relocating to Middle Tennessee, let a Top Selling Nashville Real Estate Agent help.  To find out more about JoAnne Staler or search for real estate via the Middle Tennessee MLS visit www.JoAnneStaler.com.

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What to Expect in the Nashville TN Housing Market in 2009

December 18th, 2008 jstaler Posted in Buyers information, Mortgage Information, Renters, Sellers information 1 Comment »

I read a great article on FrontDoor.com today regarding what to expect from the housing market in the new year.  I hope you find it interesting and helpful.  I’ve outlined the article below….

After the recent housing boom, 2008 was a dose of reality. The subprime mortgage crisis and the collapse of major financial institutions made this year a tough one for Nashville real estate. Expect 2009 to be filled with more change and adjustment in home values and expectations.  Some experts say a slow recovery could begin in late 2009. Prepare yourself for the home sale and home buying challenges — and opportunities — of 2009 by getting familiar with what to expect in the Nashville TN housing market.

  1. Continued market adjustments. With home prices in Franklin, Brentwood and some areas of Nashville having reached astronomical levels, it was inevitable a reset button be pushed. Home Sellers will continue to be challenged in 2009 as the inflated pricing of years past adjusts to normal levels. With banks and Nashville home builders willing to slash prices to sell a backlog of TN foreclosures and new homes, individual sellers will have to price their homes competitively.
  2. Action from the new administration. The President-elect’s plan to help the housing sector includes a 10 percent mortgage tax credit for homeowners who don’t itemize their taxes and a crackdown on abusive lending practices.
  3. More assistance programs for homeowners in danger of foreclosure. While the federal government is attempting to reduce foreclosures, a report released by the Joint Economic Committee predicts 2 million foreclosures in 2009. Homeowners who are at risk should take steps to avoid foreclosure.
    Click here for a list of “rescue programs” for homeowners.
  4. Some calm to the chaos of the banks’ restructuring. This should cause loan modifications and short sales to get easier, and it will also (eventually) decrease the number of bank-owned properties on the market.
  5. Thorough reviews of mortgage applications. Before the subprime mortgage debacle, you didn’t have to prove you could afford to borrow $200,000 for a home and you didn’t need a down payment. Those days of sketchy lending practices are gone. Lenders now require potential borrowers to provide extensive income and expense documentation. Nashville Homebuyers with the best credit will get the lowest interest rates. Take steps now to get your finances in order and boost your credit score.
    Click here to read tips for getting your finances in order and making smarter home buying decisions.
  6. Low prices and low interest rates. 2009 could be the time for reluctant homebuyers to act, as this is perhaps the last year of the best home buying opportunity in recorded economic history.
  7. Cool tech tricks and tools for the real estate obsessed. As homebuyers turn to the Web more and more for their real estate needs, video, webcasts and mobile search tools are becoming more prevalent. Sellers should consider using these cutting-edge tools to make their homes stand out.
    Click here to read about all my tech tricks and tools I use to sell Nashville homes.
  8. Wiser consumers. After facing this foreclosure crisis, buyers, sellers, real estate agents and even tenants will have a deeper understanding of real estate, mortgage and credit, which they can use to make better decisions and be more self-protective in the future.
  9. Leaner, greener homebuying. Across the board, homebuying is becoming more eco-friendly, from transactions being conducted digitally to buyers opting for smaller homes within walking distance of school and work.
  10. An increase in consumer confidence. As the year goes on and we near the projected end of the recession, home sellers can breathe a sigh of relief as home buyers regain confidence in the market.

Click here to read this article in full on FrontDoor.com.

 

This information was brought to you by JoAnne Staler, Nashville Tennessee REALTOR with Rochford Realty & Construction Company is providing a unique level of service to buyers and sellers in Nashville, Brentwood, Franklin, Williamson County, Green Hills, Belle Meade, Bellevue, Forest Hills, Oak Hill, Vanderbilt, Belmont, Midtown, Downtown, Historic Areas, Spring Hill, and Thompson Station Tennessee.  Whether Buying or Selling Real Estate locally or Relocating to Middle Tennessee, let a Top Selling Nashville Real Estate Agent help.  To find out more about JoAnne Staler or search for real estate via the Middle Tennessee MLS visit www.JoAnneStaler.com.

See what home buying bargains are out there!  Search all local Middle TN listings for your dream home today.

Know what school district or even specific neighborhood you want to buy a home in?  Use my advance property search tools to narrow your Nashville home search.

 

 

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Great Time to Buy a Home in Nashville TN-Mortage Loan Interest Rates VERY Low

December 16th, 2008 jstaler Posted in Buyers information, Mortgage Information 1 Comment »

It is a great time to buy a home in Nashville, TN while mortgage loan interest rates are very low!

Freddie Mac’s Primary Mortgage Market Survey showed that the 30-year fixed-rate mortgage (FRM) averaged 5.47 percent, down from the prior week when it averaged 5.53 percent and from the prior month with November ending with an average of 5.97 percent. At 5.47 percent the 30-year FRM is at its lowest point for all of 2008!

One-year Treasury-indexed ARMs averaged 5.09 percent last week, down from the previous month when it averaged 5.18 percent.

“After Federal Reserve actions to increase liquidity in the mortgage market, interest rates for fixed-rate mortgages (FRMs) took a dive,” said Frank Nothaft, Freddie Mac vice president and chief economist. “This week’s decline was the largest since the week of November 27th, 1981, and 30-year FRM rates are now almost a full percentage point lower since the last week in October.”

[SOURCE: Freddie Mac]

Click here for more Nashville TN mortgage information.

Prequalify for your Nashville TN mortage online here.  Quick and easy!

Have mortgage questions?  I can help…. click here to contact me directly.

This information was brought to you by JoAnne Staler, Nashville Tennessee REALTOR with Rochford Realty & Construction Company is providing a unique level of service to buyers and sellers in Nashville, Brentwood, Franklin, Williamson County, Green Hills, Belle Meade, Bellevue, Forest Hills, Oak Hill, Vanderbilt, Belmont, Midtown, Downtown, Historic Areas, Spring Hill, and Thompson Station Tennessee.  Whether Buying or Selling Real Estate locally or Relocating to Middle Tennessee, let a Top Selling Nashville Real Estate Agent help.  To find out more about JoAnne Staler or search for real estate via the Middle Tennessee MLS visit www.JoAnneStaler.com.

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Rise of Foreclosure Scams in Tennessee

December 11th, 2008 jstaler Posted in Buyers information, Mortgage Information, Sellers information 1 Comment »

The Tennessean newspaper reports: At the 2008 Governor’s Housing Summit in Nashville last week, the state’s Attorney General warned of an increase in Tennessee foreclosure scams…..

*** BEGIN QUOTE ***
“Scams built around false promises to help borrowers facing foreclosure hold onto their homes — perhaps perpetrated by some of the same people who issued predatory loans to begin with — appear to be on the rise, the state’s attorney general told housing officials Monday.

The state has filed lawsuits against two “foreclosure rescue” companies that it says promised to help borrowers restructure mortgages but instead pocketed fees without following through, Attorney General Robert E. Cooper Jr. said in an introductory address to the 2008 Governor’s Housing Summit in Nashville.

A group of Tennessee agencies, including the Office of the Attorney General and the Division of Consumer Affairs, believes the rise in foreclosures statewide has touched off a wave of deception aimed at capitalizing on struggling borrowers’ desperation.
*** END QUOTE ***

To read the news report (from the TENNESSEAN) on the Attorney General’s remarks, go HERE.

This information was brought to you by JoAnne Staler, Nashville Tennessee REALTOR with Rochford Realty & Construction Company is providing a unique level of service to buyers and sellers in Nashville, Brentwood, Franklin, Williamson County, Green Hills, Belle Meade, Bellevue, Forest Hills, Oak Hill, Vanderbilt, Belmont, Midtown, Downtown, Historic Areas, Spring Hill, and Thompson Station Tennessee.  Whether Buying or Selling Real Estate locally or Relocating to Middle Tennessee, let a Top Selling Nashville Real Estate Agent help.  To find out more about JoAnne Staler or search for real estate via the Middle Tennessee MLS visit www.JoAnneStaler.com.

 Click here to search the Nashville MLS and see all local homes for sale.

Read about mortgage changes that may affect you here.

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FHA Mortgage Loan Changes may affect Nashville TN Homebuyers and Sellers

November 11th, 2008 jstaler Posted in Buyers information, Mortgage Information, Sellers information Comments Off

I just wanted to take a second and update you on some current and soon to be FHA mortgage loan changes that may affect Nashville area home sellers and home buyers. As of last month FHA has changed its up front and monthly mortgage insurance premiums. The new upfront premium is 1.75% and the new monthly premium is .55%. Prior to these changes both the monthly and the upfront were credit score driven.

 

The other change that will go into effective on January 1, 2009 is the new minimum down payment that will be required on all FHA loans. FHA will change the minimum required down payment to 3.5% which is up from 3%. The borrower is still allowed to get this gifted from a relative but no longer from Down Payment Assistance Programs.

 

As always, Heather, Kristi, Gary, Josh, Gena, and I are always available to answer any questions you may have regarding Middle TN mortgage loans.  Click here to speak to me immediately.

 

The JoAnne Staler Group specializes in first time home buyers.  We offer home purchase counseling to walk you through every step of purchasing your first home in the Nashville TN area.  We’ll help you find your perfect Nashville neighborhood, educate you on financing options, assist in the mortgage loan prequalifying process, find your dream home, guide you through the home inspection,  make sure the final contract is in your best interest and coordinate the closing.  Click here to see Why Nashville area home buyers choose me as their real estate agent.

 

To see what other TN Home Buyers have said about JoAnne please click here. 

 

New to the home buying process? Click here to tell me your concerns or ask me questions. It’s my job to help! There’s no obligation, and I promise to get back to you quickly… 

 

JoAnne Staler, Nashville Tennessee REALTOR with Rochford Realty & Construction Company is providing a unique level of service to buyers and sellers in Nashville, Brentwood, Franklin, Williamson County, Green Hills, Belle Meade, Bellevue, Forest Hills, Oak Hill, Vanderbilt, Belmont, Midtown, Downtown, Historic Areas, Spring Hill, and Thompson Station Tennessee.  Whether Buying or Selling Real Estate locally or Relocating to Middle Tennessee, let a Top Selling Nashville Real Estate Agent help.  To find out more about JoAnne Staler or search for real estate via the Middle Tennessee MLS visit www.JoAnneStaler.com.

 

Click here to pre-qualify for your Brentwood, Franklin or Nashville TN mortgage loan.

 

Find Out About the Latest Nashville, Brentwood and Franklin Area Homes for Sale Before Anyone Else! INSTANT DAILY EMAILS! 

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The Housing and Economic Recovery Act of 2008 H.R.3221

August 5th, 2008 jstaler Posted in Mortgage Information Comments Off

Congress passed and President Bush signed the "Housing and Economic Recovery Act of 2008", or the H.R.3221 bill as it is being referred to, this past week.  Two especially interesting aspects of the bill are: 1- that the tax credit being offered is an after purchase benefit that must be paid back to the government and 2 -the bill eliminates seller funded down payment assistance, however it does not eliminate legitimate down payment assistance administered by HUD approved community development agencies such as Affordable Housing Resources and the Housing Fund.  With this in mind, there are still several home loans available to offer down payment assistance to home buyers. 

Click here to read the National Association of REALTORS® Summary of Key Provisions of H.R. 3221 – The Housing Stimulus Bill.

Still have questions regarding H.R. 3221?  Click here to speak to me IMMEDIATELY, call my office at (888)801-2666 or send me an email and I’ll provide you with answers promptly.

I help buyers pre-qualify for mortgages every day. Click here to get pre-qualified for your next mortgage and or find out what loan options are available to you.

The first step in buying a house is determining your budget. Please try my Java loan and mortgage calculators to find out how much home you can comfortably afford. 

 

JoAnne Staler, Tennessee REALTOR with Rochford Realty & Construction Company is providing a unique level of service to buyers and sellers in Nashville, Brentwood, Franklin, Williamson County, Green Hills, Belle Meade, Bellevue, Forest Hills, Oak Hill, Vanderbilt, Belmont, Midtown, Downtown, Historic Areas, Spring Hill, and Thompson Station Tennessee.  Whether Buying or Selling Real Estate locally or Relocating to Middle Tennessee, let a Top Selling Nashville Real Estate Agent help.  To find out more about JoAnne Staler or search for real estate via the Middle Tennessee MLS visit www.joannestaler.com.

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