1.3 Acres of Monument Views!

292 W Morrison Court Grand Junction CO 81507 Home | Virtual Tour | Brochure | More Info | Contact Request More Info Send To A Friend Loan Calculator Map View Aerial View Local Schools Print Brochure Local Info For Sale Price: $649,000 MLS#: 653786 Bedrooms: 4 Bathrooms: : 4.00 Square feet: 3885 Year Built: 1993 Property Description Amazing Monument & 360 degree valley views, rests on 1.3 acres tucked at the base of the Monument & the end of a quiet cul-de-sac. Almost 4000 sq ft ranch with bonus room above garage, many living areas, 4 bedrooms + office, large laundry/mud room, newer granite in Cook's kitchen, oversized 3 car garage, tile roof, garden beds, private patio with sun & shade & outdoor eating area. One bedroom area could be guest/mother-in-law set up. You must see this spacious floor plan & low maintenance living under the red rocks! No HOA, no covenants, RV parking okay & room for toys. Shannon Koch Phone: 970.433.3831 Search the Realtor Database for Properties All information in this site is deemed reliable but is not guaranteed and is subject to change. Equal Housing Opportunity Real Estate Marketing Solutions ©2005-2010 ListingsMagic.com LLC

Now is the time to buy AND sell real estate!

Donald James of Donald James Group writes:
This is the best time, EVER, to buy a home. Right now, this month. And it may be the best time to sell in this market as well. We all know about the large number of homes on the market, low mortgage rates, and cheap prices. However, a big part of that is changing and soon.

FHA mortgage insurance is increasing next month from .9% to 1.1%, a 20% increase in mortgage insurance. And mortgages themselves will be changing. Mortgage requirements will become significantly tougher. This may mean higher down payments and higher credit scores. There is serious consideration in Washington of returning to the days when higher down payments were the norm. The Obama administration is interested in increasing Fannie and Freddie-backed loans to a 10% down payment minimum. Sheila Blair, chair of the FDIC, proposes 20% down payments. Many lenders in the conventional market are already there.

What about FHA? FHA funds come with caveats i.e. tax impounds, forced insurance, MIP fees paid in the beginning, and higher interest rates. So if a borrower puts down 20% or more on a non-government backed loan, the rates are usually lower, impounds are not required, and mortgage insurance is illegal. We are creating a new sub-prime market where buyers with less down must pay extra fees.

The Obama administration and Congress are looking at proposals to change the secondary mortgage market as well. What they decide to do could affect the availability and affordability of mortgages. If they do it correctly, fixed-rate financing at affordable prices will remain widely available. If they are not correct, and this is the government we are talking about here, affordable financing for middle-class households will be very difficult.

The bottom line: Now, right now, is the time to buy. Even if housing prices sag further increased fees and expenses in mortgages will wipe out those savings. And now is the time to sell. Buyers can easily obtain mortgages to buy your home TODAY!



Thank you to Donald James for your newsletter information

FHA Loans....new MIP, effective April 18th!

Thank you to Kelly for keeping us up to date with Mortgage information!  Here are new guidelines for FHA loans....



1. FHA is increasing the annual Mortgage Insurance Premium (Paid Monthly) for FHA Loans – Effective April 18, 2011

 2. The customers/loan must be a REAL DEAL (with a valid property address and sales contract for purchase) for us to order a case number.

3. Example of impact to customer:

a. Today: Loan amount is $200,000.00 currently MIP is .90% = $1800.00 annual /divided by 12 months = $150.00 included in monthly payment for FHA loans.

b. After April 18: Loan amount is $200,000.00 MIP is 1.15% = $2300.00 annual / divided by 12 months =$191.67 $41.67 INCREASE in the customers payment on an FHA loan.

 
Here is here contact information:
 
Kelly Romatzke
Home Mortgage Consultant
Wells Fargo Home Mortgage
Direct: 970-263-2408
kelly.romatzke@wellsfargo.com