Mortgage ChangesYou Need To Know: Fannie Mae Adds More Fees on Loans Brought to You By Charlie Thompson, Lender with Realty Mortgage in Nashville Tennessee

DEAR FRIENDS,

THERE HAVE BEEN DRAMATIC CHANGES IN HOW YOUR CREDIT SCORES WILL BE HANDLED BY MORTGAGE COMPANIES DUE TO THE CHANGES MADE BY FANNIE MAE, FHA/VA AND SOON BY FREDDIE MAC.  THESE CHANGES ARE RISK BASED.  THEY PERTAIN PRIMARILY TO CREDIT SCORES FROM 680 DOWN, HOWEVER IT CAN REACH AS HIGH AS 720.  ALSO, LOAN TO VALUES COME INTO PLAY.  THE MORE YOU BORROW THE HIGHER THE ADJUSTMENT.  

ACCORDING TO THE WALSTREET JOURNAL…"Fannie Adds More Fees on Loans — Even for Home Buyers
With Good Credit;Fannie Mae, the giant government-sponsored mortgage investor, last week raised costs for many borrowers by quietly adding a 0.25% up-front charge on all new mortgages that it buys or guarantees. On a $400,000 mortgage, that would mean an extra $1,000 in fees, almost certain to be passed on to the consumer. Freddie Mac, the other big government-sponsored mortgage investor, is expected to impose a similar fee soon, according to a person familiar with the situation".

CLICK HERE TO READ THE WALL STREET JOURNAL ARTICLE IN FULL, AND I WILL TRY TO ANSWER ANY QUESTIONS AS YOU HAVE THEM.

I HOPE THIS HELPS YOU TO UNDERSTAND THE MORTGAGE INDUSTRY AND ALLOWS YOU TO MAKE THE NECESSARY ADJUSTMENTS.

SINCERELY,

CHARLIE THOMPSON

Mortgage Loan Consultant

Office: 615-507-1307

Cell: 615-498-4240

Fax: 615-377-4994

Toll Free: 866-367-0287

Email: cthompson@realtymortgage.com

Charlie’s primary goal is to help you obtain the mortgage that is right for you, while delivering world class service with a friendly touch.  The key to a smooth and successful loan application lies with the experience and dedication of your loan officer. As a certified Mortgage Specialist by Professional Mortgage Institute, Charlie will provide you with the expertise and personal service you deserve.

Find out more about Charlie Thomspon and Nashville Tennessee Mortgage Loans by clicking here.

Two Bedroom Well Maintained Townhome for Sale listed by JoAnne Staler Nashville Tennessee REALTOR with Rochford Realty

You’ll know you’re home when you walk into this comfortable and inviting two bedroom townhome for sale located in Madison, Tennessee just minutes from Rivergate Mall, Skyline Medical Center, and Interstate 65.

Mortgage Market Bonds Get Rewarded Brought To You By Charlie Thompson Nashville Tennessee Realty Mortgage Lender

The Mortgage Market Guide reports, "…as Bond Traders look ahead to the end of the coming week, with the arrival of the important Jobs Report. But maybe they should take a moment to enjoy where they are, as despite massive volatility, Bonds saw nice gains last week with home loan rates improving by about .125%.

Bond prices improved on a number of factors, including a tame read on inflation via the Personal Consumption Expenditure (PCE) index. Why? Look at it this way - if Bonds were Superman, inflation would be its Kryptonite, because of inflation’s ability to erode and weaken the buying power of the fixed return provided by a Bond. So when news arrives indicating that inflation appears to be under control, Bond prices and home loan rates improve on the favorable news".

Another interesting news bit is that major mortgage entities Fannie Mae and Freddie Mac will be moving to "Risk Based" pricing models, meaning that consumers with credit scores that traditionally have been considered "average" may soon be subject to higher interest rates. The best defense is always a good offense - so get in touch with me to discuss your own credit, even if you don’t necessarily have the need for a home loan in the cards at the moment. I can help you examine your credit and determine what actions could be taken to improve your credit score - which will save you dollars on all your credit across the board. I’m glad to help - just send me an email at cthompson@realtymortgage.comor give me a call Toll Free: 866-304-1527 . 

To read this week’s Mortgage Market Review for Dec 03, 2007 — Vol. 5, Issue 49 in full click here.

SINCERELY,

CHARLIE THOMPSON

Mortgage Loan Consultant

Office: 615-507-1307

Cell: 615-498-4240

Fax: 615-377-4994

Charlie’s primary goal is to help you obtain the mortgage that is right for you, while delivering world class service with a friendly touch.  The key to a smooth and successful loan application lies with the experience and dedication of your loan officer. As a certified Mortgage Specialist by Professional Mortgage Institute, Charlie will provide you with the expertise and personal service you deserve.

Find out more about Charlie Thomspon and Nashville Tennessee Mortgage Loans by clicking here.

Mortgage Loan Update: Fed Interest Rate Cut brought to you by Charlie Thompson, Lender with Realty Mortgage in Nashville Tennessee

According to the latest report from The Mortgage Market Guide the Current Mortgage Market Trend is "Poised to Reverse". 

Barry Habib with The Mortgage Market Guide writes, "….after favorable comments by Fed Chief Ben Bernanke in his speech last night, as well as a tame read on inflation this morning by way of the Core PCE, another Fed cut on December 11th is in the bag."

Current price of FNMA 6.0% Bond: $101.53, +3bp

Hope this information was beneficial to you.

Sincerely,

CHARLIE THOMPSON

Mortgage Loan Consultant

Office: 615-507-1307

Cell: 615-498-4240

Fax: 615-377-4994

Toll Free: 866-367-0287

Email: cthompson@realtymortgage.com

Charlie’s primary goal is to help you obtain the mortgage that is right for you, while delivering world class service with a friendly touch.  The key to a smooth and successful loan application lies with the experience and dedication of your loan officer. As a certified Mortgage Specialist by Professional Mortgage Institute, Charlie will provide you with the expertise and personal service you deserve.

Find out more about Charlie Thomspon and Nashville Tennessee Mortgage Loans by clicking here.

Land for Sale with Barn, Ponds and Orchard to Build your Country Dream Home listed by JoAnne Staler Tennessee REALTOR

Brand New gates welcome you to 72 plus acres on Calvin Potts Road; a beautiful setting to build your Tennessee Country Dream Home.  This land for sale is peaceful, private country paradise but close to Columbia, Leipers Fork, and Franklin Tennessee for convenient shopping and dining out.

The level building site is perked for a four bedroom home and the NEW 40 x 30 barn has a cozy front porch as well as electrical and plumbing so it is ready for your custom build-out!

Country Paradise….fish in your stocked pond or from the fishing pier on your new lake, hunt from the deer stand, hike on the extensive trail system, or pick fresh fruit in your orchard all for a great price of $649,900!

Click here for more information on and photographs of Calvin Potts Road in Primm Springs Tennessee.

JoAnne Staler, Tennessee REALTOR with Rochford Realty & Construction Company is providing a unique level of service to buyers and sellers in Primm Springs, Columbia, Leipers Fork, 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 Tennessee Real Estate Agent help.  To find out more about JoAnne Staler or search for real estate via the Middle Tennessee MLS visit http://joannestaler.com/.

Fabulous Williamson County Tennessee Home for Sale with In-Law Suite in Temple Hills Golf Community listed by JoAnne Staler Williamson County TN REALTOR

FABULOUS Franklin TN home for sale with all the upscale extras, an In-Law Suite and FULL COMMERCIAL KITCHEN located in the Temple Hills Golf Community.  Sought after Williamson County Tennessee location!

Absolutely exquisite home with a one of a kind view.  This home is loaded with upscale extras you just don’t find everyday such as an Elegant Gourmet Kitchen complete with a full commercial set up including a 6 burner cooktop and 2 dishwashers.

Warm Neutral Colors and Natural Elements such as the two stone fireplaces and rich hardwood flooring compliment the home’s Wooded Setting in Franklin TN.

This Five Bedroom Four and One Half Bath home has over 6,000 square feet PLUS expansive Outdoor Living Spaces including a Screen Porch, Balcony, Covered Front Porch and Patio…… WOW.

Click here to find out more information on 495 Sandcastle Road in Franklin, TN and see additional photographs.

JoAnne Staler, Franklin TN REALTOR with Rochford Realty 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 Franklin and Middle Tennessee MLS visit http://joannestaler.com/.

Freddie Mac reports Mortgage Rates Near Six Month Low brought to you by JoAnne Staler Nashville Tennessee REALTOR

Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey in which the 30-year fixed-rate mortgage loan (FRM) averaged 6.26 percent for the week ending November 1, 2007, down from last week when it averaged 6.33 percent.  Last year at this time, the 30-year FRM averaged 6.31 percent.  The 30-year FRM has not been this low since the week ending May 17, 2007, when it averaged 6.21 percent.

Tennessee Home for Sale in Golf and Gated Community - Listed by JoAnne Staler Cheatham County TN REALTOR

Nestled in a wooded setting within the upscale gated community of The Golf Club of Tennessee, 1008 Founders Lane is designed with warm neutral colors and natural elements to integrate with its private, secluded wooded setting.  A spacious 4,202 square feet, this exquisite home has 4 bedrooms, 3 1/2 bathrooms as well as a large 3 car attached garage. 

The Convenient First Floor Master Suite with Luxurious private whirlpool bath, Two Stone Fireplaces, Soaring Ceilings, Built-ins, Gleaming Hardwoods and Custom Wrought Iron work are just a few of the exquisite details that make this brand new Kingston Springs Tennessee home a steal at a NEW LOW PRICE of $639,900.

Relax while enjoying your peaceful, private view from the walls of windows or prepare a special meal for family and friends in your Elegant Gourmet Kitchen with Granite counters and Stainless Steel Appliances.  Expansive open spaces make this home perfect for entertaining or hosting family gatherings. 

A Separate Stairway leads to the upstairs Bonus Room and flex loft space which have endless floor plan possibilities…. office, media room for family movie night, library for quiet alone time, or even a playroom.

Over 1,100 sq ft of Two Tiered decking and a Screen Porch allows you to expand the already vast living space of this home to the great outdoors. 

Click here for more information on 1008 Founders Lane and to see additional photographs of this Cheatham County Tennessee home for sale.

JoAnne Staler, Kingston Springs REALTOR with Rochford Realty 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, Kingston Springs, Cheatham County 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 http://joannestaler.com/.

Forbes Ranks Tennessee 13th Best State For Business provided by JoAnne Staler, Nashville REALTOR

FORBES magazine has recently released their 2007 rankings for the Best States for Business…and Tennessee is moving up!

Click here to read the Forbes 2007 Best States for Business article in full.

Click here to view Forbes complete rankings 2007 Table: The Best States For Business

Center Hill Lake View Property For Sale in Tennessee listed by JoAnne Staler Tennessee REALTOR

This Beautiful Lake Front Property for sale at 80 Waterwalk is located in Chapel Hill phase III, the newest development on Center Hill Lake in Smithville, Tennessee.  

Build your dream home in this Upscale lake development with restrictions to ensure surrounding properties meet quality building standards.

Awesome Lake front lot with fabulous lake views. 

Gorgeous homes being built in the area so this is the Perfect lot to build your Dream Retreat.  City water, sewer, cable & phone available. 

Near several Center Hill Lake marinas and town.

JoAnne Staler, Tennessee REALTOR is providing a unique level of service to buyers and sellers in Smithville, 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 http://joannestaler.com/.