Archive | May, 2017

Must Be This Tall to Ride

30 May

Surely, you remember being a child at an amusement park when after having stood in line with your friends and family, waiting to get on a terrific ride, you discovered the sign that read, “you must be this tall to ride.”This Tall3.png

Not only was it disappointing, it was slightly embarrassing. You never want to go through that again.

A remarkably similar situation occurs when people are buying a home. After finding the right home and negotiating the contract, they find out that they don’t measure up financially. It’s not something that anyone wants to go through if they have a choice.

Regardless of what you think you know, if you’re buying a home with a loan, you need to physically visit with a trusted mortgage professional before you get serious.

  • You’ll find out your credit score which will directly affect the mortgage rate you’ll pay.
  • You might discover blemishes on your credit that possibly can be corrected.
  • You’ll even get a pre-approval letter that you can submit with an offer which could dramatically affect your negotiations in the current competitive market.

Some rides don’t turn out to be as good as you thought they were going to be. A person certainly doesn’t want that disappointment with a lender. Contact me for a recommendation of trusted mortgage professional.

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Fantastic Home With 4 Bedrooms & Study!

28 May

57748_1710 Hunters Glen, Allen TX 75002-Caydee Jennings ONSITE pic vid 3D_11-05-2017.0046

1710 Harvest Glen Drive, Allen

4 Bedrooms / 3.5 Bath / Study

Check out the full motion HD-video here!

Fantastic home in-sought after Summerfield has room for everyone! Four bedrooms, 3 1/2 baths with two living areas and a separate study.

The large island kitchen features a gas stove, Corian counters and walk-in pantry.  It opens to spacious living area with vaulted ceilings and gas
fireplace.

The Master suite is down with three bedrooms and two full baths up, which makes this a perfect home for a growing family.

The huge backyard has an 8 ft board-on-board fence and stamped concrete patio making it great for entertaining. There is also a community pool with playground, walking distance to elementary and close to shopping and
entertainment.

Hurry, this one is priced to sell and won’t last long!

Please contact Shirl McKinney at 214-232-7174 for more information or click HERE.

For more information and other homes for sale in this area, check out www.myrealtytown.com 

Fantastic Home With Study, Game & Media!

28 May

58188_957 Panther, Allen TX 75013-Caydee Jennings ONSITE pic vid 3D_24-05-2017.0055HDR
957 Panther Road, Allen

4 Bedroom / 3 Bath / Game / Study / Media

Check out the full motion HD-video here!

This beautiful Drees home has everything a family needs! Four bedrooms, three full baths, plus game room, media, study and three car garage.

Interior upgrades include hand-scraped hardwoods, Plantation shutters and decorative lighting throughout. The open concept kitchen features a large granite  island, 5 burner gas cooktop and under and over cabinet lighting  It overlooks the spacious family room with gorgeous stone fireplace and custom mantle.

The large master suite is down with additional bedroom and full bath for guests. Two more bedrooms, a full bath, game room and HUGE media room are upstairs.

Great neighborhood with community pool, playground and walking trails located in sought-after Boon, Ereckson schools in Allen ISD.

Convenient to shopping, entertainment and just minutes from 75 and 121.

Please contact Shirl McKinney at 214-232-7174 for more information or click HERE.

For more information and other homes for sale in this area, check out www.myrealtytown.com 

GORGEOUS AND UPDATED LANDSTAR HAS IT ALL!

28 May

57814_14702 Seedling Dr, Frisco TX 75035-Caydee Jennings ONSITE pic vid 3D_17-05-2017.0051HDR

14702 Seedling Drive, Frisco

4 Bedroom / 3.5 Bath / Game / Study

Check out the full motion HD-video here!

This stunning Landstar home in sought-after Hunters Creek offers contemporary styling and updates, a very popular floorplan and beautiful curb appeal.  Extensive landscaping with stone accents adorn the front of the home with a relaxing wrap-around front porch and leaded-glass front door & upon entry, your guests will be greeting by plantation shutters, extensive hardwood floors and elegant formals with crown moldings. The
kitchen would delight any chef with its granite island and counters, Kohler sink &
restaurant-style faucet (2016), trendy Edison lighting, walk-in pantry, Maytag dishwasher and gas range, abundant 42” cabinetry & rubbed-oil bronze hardware.

The family room boasts 13-foot ceilings, a gas fireplace with a glass-tile surround flanked by contemporary shelving, hardwood floors and leads to an awesome covered patio with a built-in water fountain, stone columns, landscaping beds, built-in lighting and just
adjacent is a large side yard for play and all is surrounded by a board-on-board fence. The Texas-Sized master retreat has an updated chandelier and a master bath with an over-sized shower with bench, dual-stain grade vanities, garden tub, linen closet & large walk-in closet.  Upstairs is a large game room wired for surround sound, and 3 spacious
bedrooms that are served by two full baths.

Other outstanding features and upgrades are…recirculating hot water system, iron
spindles, elegant powder bath, interior and exterior paint (2015), upgraded light fixtures (2016), private study with stain-grade French doors, rubbed-oil bronze door hardware throughout, upgraded coach lighting in front & more! Move-in ready and Hunters Creek is an incredible community with pools, parks, a scenic walking trail traversing West Rowlett Creek, & wonderful community events.

Please contact Jeff Jacobs at 972-978-6539 for more information or click HERE.

For more information and other homes for sale in this area, check out www.myrealtytown.com 

Would-be Buyers with Student Debt

23 May

59% of non-owners are not comfortable taking on a mortgage with their student debt according to the Aspiring Home Buyers 2017 survey. It is estimated that the college graduates have an average of $37,172 in student debt.16522219-250.jpg

Fannie Mae, who has loan programs with as little as three to five percent down payments, has announced changes to how student loan debt is treated that could make the difference in qualifying for a mortgage.

For the 5 million borrowers who participate in the reduced payment plans, actual payments are considered for calculating debt-to-income ratio rather than maximum payment amount.

Non-mortgage debts paid by another party for at least 12 months won’t be included in calculating debt-to-income ratio. For example, payments being made on a student loan by the parents would not be counted against the DTI ratio for the student.

These changes can make it possible for would-be buyers with student debt to get a home now instead of waiting for years. Being pre-approved by a trusted mortgage professional is the best way to confirm that these changes apply to your situation. Call today for a recommendation of a trusted mortgage professional.

Good Info – Good Decisions

16 May

While low inventory is certainly challenging buyers, not having a clear understanding of mortgage financing is also causing issues. By having good information, they are able to make better decisions as well as compete favorably.Mortgage Rate History0517.png

Most buyers don’t realize how the mortgage rate is determined for a borrower. While annual income is important, a good credit score, low debt-to-income ratio, loan-to-value ratio and ability to repay the loan are vital concerns.

A variety of myths seem to permeate the market such as rates are set and released once a day; FHA loans are for first-time buyers only; pre-qualification commits the lender; lender fees are not negotiable and adjustable rate mortgages always go up.

Misunderstanding of actual mortgage practices may be a contributing factor to why more buyers are not taking advantage of what are still historically low mortgage rates.

While getting solid information about mortgages and being pre-approved from a lender are very important, it is only one step in the home buying process. Success in buying a home in today’s market should begin with a real estate professional who will coordinate all the different parts of the transaction including mortgage, title, insurance, inspections.

Gorgeous & Updated Home By Lake Lewisville!

16 May

57476_2008 Lake Pointe Dr, Little Elm TX 75068-Caydee Jennings ONSITE pic vid 3D_11-05-2017.0032

2008 Lake Pointe Drive, Little Elm

3 Bedroom / 2 Bath /  2 Car / Upgraded

Check out the full motion HD-video here!

This wonderful 3/2 home offers fabulous updates, an expansive floorplan and is only about 5 minutes to Lake Lewisville.  It has an updated kitchen that would delight any chef with its abundant cabinetry, glass-subway tile backsplash, serving island, Whirlpool stainless steel appliances to include dishwasher (4-16) and microwave (4-17), trendy lighting, countertops, sink & faucet & tile (4-17).  The Texas-sized family has a toasty wood-burning fireplace, ceiling fan and plush carpet in 4-17.  The master retreat is a spacious size and has a nice bath with a separate tub & shower, upgraded fixtures, excellent storage and walk-in closet.

Other upgrades and features are….an office, or craft room built into the garage with AC & electrical, a nice backyard with a storage building & board-on-board fence, large utility area with room for a freezer and built-in shelving, upgraded HVAC in 8-15 & touch-screen thermostat, new blinds in family room, master and kitchen 4-17, interior paint 4-17, roof installed (4-17), elegant hall bath, & sprinkler system.  Move-in ready and priced to sell!

Please contact Jeff Jacobs at 972-978-6539 for more information or click HERE.

For more information and other homes for sale in this area, check out www.myrealtytown.com 

Gorgeous & Updated Frisco One-Story Has it All!

10 May

57034_8501 Greenfield Dr, Frisco TX 75035-Caydee Jennings ONSITE pic vid 3D_05-05-2017.0043HDR

8501 Greenfield Drive, Frisco

4 Bedroom / 2 Bath /  2 Car / Covered Patio

Check out the full motion HD-video here!

Mature landscaping and a beautiful solid mahogany front door provide excellent curb appeal and upon entry, your guests will be greeted by gleaming hardwoods leading to the family room and a spacious formal living which could be easily converted into a private study. An elegant formal dining with an upgraded fixture leads to a kitchen which would delight any chef with its granite island, tumbled stone backsplash, abundant cabinetry, Frigidaire stainless appliances with gas cooktop (3-14), upgraded sink & faucet, roomy breakfast area & is open to the family room.

The Texas-sized family boasts beautiful hardwoods, a toasty gas fireplace, a large entertainment niche and leads to a professionally built covered cedar patio with custom recessed lighting and ceiling fan which is perfect for relaxing & entertaining while enjoying the backyard with a board on board cedar fence with custom touches. The split and very spacious master retreat boasts vaulted ceilings, a backyard view and leads to a master bath with dual vanities, updated hardware, separate garden tub and shower & walk-in closet.

The other 3 bedrooms are a generous size (two have walk-in closets) and are served by a full bath with upgraded fixtures, tile and faucet. Other wonderful upgrades and features  are…..gas stub on patio for grill, water line in garage for refrigerator, 30-year roof (5-14), Trane 16 Seer AC-Furnace & Sensi smart phone controlled thermostat (7-15), water heater (4-17), kitchen disposal (4-17), interior paint (2-17), patio door (4-17), custom-built storage shed, LED lighting through most of home, recessed lights in kitchen & more. This home is move-in ready & within walking distance to 3 of Frisco’s finest schools!

Please contact Jeff Jacobs at 972-978-6539 for more information or click HERE.

For more information and other homes for sale in this area, check out www.myrealtytown.com 

Reasons to Refinance

9 May

Regardless of the reason to refinance a home, the basic question to ask is: “Do you plan to live in the home long enough to recapture the cost of refinancing?” There are always expenses involved in refinancing which can be paid in cash or rolled into the new mortgage.

From a strictly financial standpoint, the break-even point is achieved when the cost of refinancing has been recaptured by the monthly savings. It would take approximately 23 months to recapture $4,000 of refinance costs with a lower payment of $175 a month.22683914-250.jpg

  1. Lower the rate
  2. Shorten the term so that the loan will build equity faster and be paid off sooner.
  3. Lower your payment to reduce your monthly cost of housing.
  4. Convert an ARM to a FRM to stabilize your payment due to concern of rising interest rates.
  5. Cash out equity to be able to use the money for another purpose.
  6. Combine a first and second mortgage.
  7. Consolidate personal debt so the interest is tax deductible.
  8. Payoff higher cost debt such as credit cards, student debt, etc.
  9. Remove a person from a loan as in the case of a divorce.

Points paid to purchase a principal residence are tax deductible completely in the year paid. However, the points must be spread over the life of the mortgage on a refinance. For that reason, consider getting a “par” value loan with no points. It may have a slightly higher rate but the interest will be fully deductible and it will lower the cost of refinancing.

Determine the break-even point on your situation by using the Refinance Analysis . Call for a recommendation of a trusted mortgage professional.

5 Bedroom Home With Game Room!

4 May

57039_1700 Latina Dr, Mckinney TX 75070-Caydee Jennings ONSITE pic vid 3D_28-04-2017.0052HDR

1700 Martina Drive, McKinney

5 Bedroom / 2.1 Bath /  2 Car / Covered Patio

Check out the full motion HD-video here!

Move-in ready home in wonderful Frisco ISD! This beautiful 2008 energy efficient American Legends home is situated on an over-sized corner lot with an extra spacious 2 ½ SIDE-ENTRY garage. Making this a one-of-a-kind in the neighborhood!  

Featuring a cozy living room that opens up to the spacious eat-in kitchen with granite kitchen counter tops, large island, dark cappuccino finish cabinets & black appliances. Hardwood floors and tile all downstairs. This 5 bdrm, 3 full  baths, 2483 sqft beauty includes a guest bedroom downstairs, and 4 bedroom upstairs. Spacious upstairs  master suite with garden tub and walk-in closet. Huge upstairs game room or media. White faux wood blinds throughout home. Extended covered backyard patio equipped with outdoor gas line overlooking the freshly stained privacy fence. Brand new roof replaced in April 2017.  

Community offers 2 pools and a fun kid playground nearby. Plenty of shopping nearby. Walking distance to elementary, middle, and high schools, quick access to DNT & Sam Rayburn Tollway to commute anywhere! This wonderful home is a must see that won’t last long!

Please contact Kay Petri at 972-978-6539 for more information or click HERE.

For more information and other homes for sale in this area, check out www.myrealtytown.com 

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