We at Raymus Homes have been busy making our website more useful and easier to navigate. Among other changes, we have recently updated our Service Request page. You can now download a service request form directly from our website. (http://raymushomes.com/serviceRequest.html)
In addition, we have laid out the service request process, included time frames when possible and provided multiple methods for contacting our customer service department.
Our goal is to make the process as simple as possible. If you feel that we've left something out, please contact us. We are always looking for ways to improve your home ownership experience.
Oh and by-the-way, keep those referrals coming! Through the years, your referrals have been a huge part of our success!
THANK YOU!
Friday, July 3, 2009
Saturday, May 2, 2009
100% FINANCING EXISTS IN LINDEN
LINDEN Qualifies For USDA Rural Housing Loan Program
(United States Department of Agriculture)
The USDA Rural Housing Loan Program is designed for buyers to finance properties located in rural areas. Rural is defined as any town of 25,000 or less that is not adjacent to a large city or that is not part of a continuous urban area
· Up to 102% Financing available requiring no down payment
· Program is not limited to First Time Home Buyers
· Owner Occupied Residences only of SFR’s, Condominiums, PUD’s, and 1/2 of a duplex
· No Principal Mortgage Insurance (P.M.I.)
· Conventional 30 year fixed program with no pre-payment penalty
· Mid FICO Scores below 620 require a manual underwrite with the lender
· No Bankruptcies within the last 36 months
· No more than 1 payment being 30 days late within the last 12 months
· Non traditional credit allowed
· Income and geographical limitations will apply
· No assets/reserves required
· Escrows/impounds are required
· Max Debt to Income Ratio is 29%/41% however exceptions can be made
· Home buyer education is required for First Time Home Buyers only
· Maximum of 6% seller contributions towards buyers RNRCC costs
(United States Department of Agriculture)
The USDA Rural Housing Loan Program is designed for buyers to finance properties located in rural areas. Rural is defined as any town of 25,000 or less that is not adjacent to a large city or that is not part of a continuous urban area
· Up to 102% Financing available requiring no down payment
· Program is not limited to First Time Home Buyers
· Owner Occupied Residences only of SFR’s, Condominiums, PUD’s, and 1/2 of a duplex
· No Principal Mortgage Insurance (P.M.I.)
· Conventional 30 year fixed program with no pre-payment penalty
· Mid FICO Scores below 620 require a manual underwrite with the lender
· No Bankruptcies within the last 36 months
· No more than 1 payment being 30 days late within the last 12 months
· Non traditional credit allowed
· Income and geographical limitations will apply
· No assets/reserves required
· Escrows/impounds are required
· Max Debt to Income Ratio is 29%/41% however exceptions can be made
· Home buyer education is required for First Time Home Buyers only
· Maximum of 6% seller contributions towards buyers RNRCC costs
Sunday, April 5, 2009
Is it possible that waiting for prices to fall could price you out of a home?
See this blog post by Ted C. Jones, PhD, Senior Vice President—Chief Economist, Stewart Title Guaranty Company.
http://blog.stewart.com/?p=68
http://blog.stewart.com/?p=68
Friday, April 3, 2009
Loan Rates - Where do you get your information?
If you are in the market for a new home and waiting for interest rates to fall, you may want to read the article below. We all want to get the 'best' deal. That said, no one ever knows when the 'best' deal might come. Could we lose more than we gain by waiting? Perhaps. Read on.....
By The Time You Read About Low Mortgage Rates, It Was Already Too Late To Get Them
Thursday morning, homeowners in different parts of the country awoke to find similar-sounding newspaper headlines:
Rates on 30-year mortgages sink to 4.78%, a new low (LA Times)
Mortgage rates at record low for 2nd week (Miami Herald)
Mortgages hit another record low (San Francisco)
The underlying story was that Freddie Mac's weekly Primary Mortgage Market Survey showed the lowest, average 30-year fixed rate mortgage in its 38-year, rate-tracking history.
Once again, however, the headlines came too late for homeowners.
Prior to Thursday's market open, mortgage markets had already worsened from their record-setting levels. Slowly at first, and then with momentum. The shift pressured rates higher so that when lenders issued their Thursday morning rate sheets, most showed an 1/8 increase from Wednesday's close.
The negative momentum carried into the afternoon, too, forcing a second increase of an 1/8 percent.
The Freddie Mac survey may have been accurate when the sun came up Thursday, but by the time the sun went down, it wasn't even close. It's why you can't do your rate shopping by watching newspaper headlines. Mortgage markets are volatile and rates often change without notice.
Thursday, they did it twice.
Thanks to Daniel Sosa at PMZ Home Loans for the article
Daniel Sosa (209) 298-8017 dsosa@pmzhomeloans.com
By The Time You Read About Low Mortgage Rates, It Was Already Too Late To Get Them
Thursday morning, homeowners in different parts of the country awoke to find similar-sounding newspaper headlines:
Rates on 30-year mortgages sink to 4.78%, a new low (LA Times)
Mortgage rates at record low for 2nd week (Miami Herald)
Mortgages hit another record low (San Francisco)
The underlying story was that Freddie Mac's weekly Primary Mortgage Market Survey showed the lowest, average 30-year fixed rate mortgage in its 38-year, rate-tracking history.
Once again, however, the headlines came too late for homeowners.
Prior to Thursday's market open, mortgage markets had already worsened from their record-setting levels. Slowly at first, and then with momentum. The shift pressured rates higher so that when lenders issued their Thursday morning rate sheets, most showed an 1/8 increase from Wednesday's close.
The negative momentum carried into the afternoon, too, forcing a second increase of an 1/8 percent.
The Freddie Mac survey may have been accurate when the sun came up Thursday, but by the time the sun went down, it wasn't even close. It's why you can't do your rate shopping by watching newspaper headlines. Mortgage markets are volatile and rates often change without notice.
Thursday, they did it twice.
Thanks to Daniel Sosa at PMZ Home Loans for the article
Daniel Sosa (209) 298-8017 dsosa@pmzhomeloans.com
Friday, March 27, 2009
Look What We've Been Up To!
We just completed our newest model, The Villa. This 3 bedroom, 2 bath home is just the right size at 1372 square feet. This model sits on one of our average-sized home sites which is approximately 7500 square feet. This is country living!
I wanted to share some of the interior photos of this new Villa. I will post exterior photos in the days to come.
I wanted to share some of the interior photos of this new Villa. I will post exterior photos in the days to come.
Monday, March 23, 2009
What's Ahead For Mortgage Rates This Week
A friend of mine in the mortgage industry sends me updates to his blog, where he posts about daily mortgage rates and financial news.
Below is today's update, which I found quite interesting. I thought it was necessary to share with others!
Mortgage markets scored big gains last week, sparked by the Federal Reserves pledge to buy $750 billion more mortgage-backed bonds in 2009. Conforming mortgage rates fell on the week, overall. But Federal Reserve intervention wasn't the only good news for rate shoppers last week. New evidence showed -- for the time being, at least -- that the U.S. economy may be reversing direction:
Homebuilders are breaking ground on new homes again http://tinyurl.com/dd2bvw
First-time jobless claims are falling http://tinyurl.com/d2pnep
Inflation is present and, therefore, deflation is not http://tinyurl.com/dyo3nq
Should the economy continue trend stronger through the summer, it will likely fuel stock market gains, drawing cash away from mortgage bonds. This would lead mortgage rates higher -- perhaps for good. Today's levels are artificially low, after all, supported by government intervention more than economic fundamentals. After the Fed's Wednesday afternoon announcement, rates fell to all-time lows before recovering sharply into the weekend on economic optimism and fears of inflation. This week, the trend higher may continue….
You can read his full blog post at http://www.loanapproval411.com/info_01/page_1.rad
If you have any loan questions please call Daniel Sosa at PMZ Home Loans, (209) 298-8017
Below is today's update, which I found quite interesting. I thought it was necessary to share with others!
Mortgage markets scored big gains last week, sparked by the Federal Reserves pledge to buy $750 billion more mortgage-backed bonds in 2009. Conforming mortgage rates fell on the week, overall. But Federal Reserve intervention wasn't the only good news for rate shoppers last week. New evidence showed -- for the time being, at least -- that the U.S. economy may be reversing direction:
Homebuilders are breaking ground on new homes again http://tinyurl.com/dd2bvw
First-time jobless claims are falling http://tinyurl.com/d2pnep
Inflation is present and, therefore, deflation is not http://tinyurl.com/dyo3nq
Should the economy continue trend stronger through the summer, it will likely fuel stock market gains, drawing cash away from mortgage bonds. This would lead mortgage rates higher -- perhaps for good. Today's levels are artificially low, after all, supported by government intervention more than economic fundamentals. After the Fed's Wednesday afternoon announcement, rates fell to all-time lows before recovering sharply into the weekend on economic optimism and fears of inflation. This week, the trend higher may continue….
You can read his full blog post at http://www.loanapproval411.com/info_01/page_1.rad
If you have any loan questions please call Daniel Sosa at PMZ Home Loans, (209) 298-8017
Saturday, March 21, 2009
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