Wednesday, May 4, 2011
Monday, April 25, 2011
How Big of a Mortgage can I Afford?
Not only does owning a home give you a haven for yourself and your family, it also makes great financial sense because of the tax benefits — which you can’t take advantage of when paying rent.The following calculation assumes a 28 percent income tax bracket. If your bracket is higher, your savings will be, too. Based on your current rent, use this calculation to figure out how much mortgage you can afford.
Rent: _________________________Multiplier: x 1.32
Mortgage payment: _________________________
Because of tax deductions, you can make a mortgage payment — including taxes and insurance — that is approximately one-third larger than your current rent payment and end up with the same amount of income.
For more help, use Fannie Mae’s online mortgage calculator - Information provided courtesy of realtor.org
If you have any questions about Southern Utah Real Estate, please contact Bryce Ross today.
Bryce Ross
http://www.buywithbryce.com
Re/max Properties
(435) 704-1438
Friday, April 15, 2011
Ashdown Forest! 3 Bedroom, 2.5 Bathroom, 3 Car Garage, 2488 Sq. Ft.
This spectacular custom home is located in Ashdown Forest. It has commercial grade appliances and gorgeous tile flooring and granite countertops. This is a short sale contingent upon third party approval, please bring all offers.
If you have any questions, please let me know.
Sincerely,
Bryce Ross
Re/Max Properties
(435) 704-1438
Thursday, April 14, 2011
Tuesday, April 12, 2011
Recent Testimonial
Bryce Ross as an excellent realtor. I found the home I wanted to buy but was having a hard time getting other agents to work around my schedule. Bryce stepped up and went the extra mile in helping with this problem of mine. He was able to help me keep up with the seemingly endless changes and deadlines, making sure I didn't miss out on being able to close on my home in the time I was allowed. Bryce Ross is a dependable professional agent and I would recomend him to anyone I know!
www.buywithbryce.com
Jeremy B.
www.buywithbryce.com
Jeremy B.
Thursday, April 7, 2011
3 Bed, 3 Bath, 3 Car Garage, 2300 Sq. Ft, $225,000.00
If you have any questions, please let us know.
Sincerely,
Bryce Ross
Remax Properties
(435) 704-1438
Music Courtesy of Landon Profaizer
Thursday, March 24, 2011
Preparing for Homeownership!
Even before you begin looking for a home, the homebuying process requires diligent preparation. Buyers who have been preapproved for a home loan often have their offers taken more seriously by sellers. With advance preparation, you can tackle the process of acquiring the financing you need with more confidence. To help you on the path to homeownership, NeighborWorks® offers* step-by-step guides, developed by the Fannie Mae Foundation, that can help you get closer to achieving your dream:
- 1st - Knowing and Understanding Your Credit
- 2nd - Opening the Door to a Home of Your Own Homebuying
- 3rd - Choosing the Mortgage that's Right for You
- 4th - Borrowing Basics: What You Don't Know Can Hurt You
Tuesday, March 1, 2011
New Listing, Not a Short Sale!
This 4 bedroom, 2 bathroom, 2 car garage home is listed at $165,000. It is roughly 2700 sq. ft. If you have any questions, please let me know.
Friday, February 25, 2011
6 Creative Ways to Afford a Home
1. Investigate local, state, and national down payment assistance programs. These programs give qualified applicants loans or grants to cover all or part of your required down payment. National programs include the Nehemiah program, www.getdownpayment.com, and the American Dream Down Payment Fund from the Department of Housing and Urban Development, www.hud.gov.
2. Explore seller financing. In some cases, sellers may be willing to finance all or part of the purchase price of the home and let you repay them gradually, just as you would do with a mortgage.
3. Consider a shared-appreciation or shared-equity arrangement.Under this arrangement, your family, friends, or even a third-party may buy a portion of the home and share in any appreciation when the home is sold. The owner/occupant usually pays the mortgage, property taxes, and maintenance costs, but all the investors' names are usually on the mortgage. Companies are available that can help you find such an investor, if your family can’t participate.
4. Ask your family for help. Perhaps a family member will loan you money for the down payment or act as a co-signer for the mortgage. Lenders often like to have a co-signer if you have little credit history.
5. Lease with the option to buy. Renting the home for a year or more will give you the chance to save more toward your down payment. And in many cases, owners will apply some of the rental amount toward the purchase price. You usually have to pay a small, nonrefundable option fee to the owner.
6. Consider a short-term second mortgage. If you can qualify for a short-term second mortgage, this would give you money to make a larger down payment. This may be possible if you’re in good financial standing, with a strong income and little other debt.
2. Explore seller financing. In some cases, sellers may be willing to finance all or part of the purchase price of the home and let you repay them gradually, just as you would do with a mortgage.
3. Consider a shared-appreciation or shared-equity arrangement.Under this arrangement, your family, friends, or even a third-party may buy a portion of the home and share in any appreciation when the home is sold. The owner/occupant usually pays the mortgage, property taxes, and maintenance costs, but all the investors' names are usually on the mortgage. Companies are available that can help you find such an investor, if your family can’t participate.
4. Ask your family for help. Perhaps a family member will loan you money for the down payment or act as a co-signer for the mortgage. Lenders often like to have a co-signer if you have little credit history.
5. Lease with the option to buy. Renting the home for a year or more will give you the chance to save more toward your down payment. And in many cases, owners will apply some of the rental amount toward the purchase price. You usually have to pay a small, nonrefundable option fee to the owner.
6. Consider a short-term second mortgage. If you can qualify for a short-term second mortgage, this would give you money to make a larger down payment. This may be possible if you’re in good financial standing, with a strong income and little other debt.
Friday, February 4, 2011
Thursday, February 3, 2011
Golf Course Listing
Amazing Short Sale in Cedar City. This property is located in Canyon Ridge by the golf course. If you have any questions, please contact me anytime.
Subscribe to:
Posts (Atom)