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Real Estate, Wealth and PowerReal Estate, Wealth and PowerA relevant real estate blog that provides an informative and direct look at the state of real estate and home ownership in Augusta, Georgia. Looking to buy or sell a home and want up to date real estate news focused on Augusta Richmond County and Col Articles
Understanding Your Credit Score
2008-03-12 01:33:00 Your credit score is an extremely important financial tool in your life. It provides access to the financing you need in order to buy a car, a home, or pay for college tuition, among other things. Since higher scores equate to lower interest rates and better lending terms, it is vital to understand the factors involved in calculating your score. Below are the five elements that make up a credit score. We have also included the percentage of weight that each one holds. This will help you understand how small changes can quickly change and improve your credit score. Payment History: 35% impact Paying debt on time and in full reflects positively on your credit score. Late payments, judgments, and charge-offs lower your score. Missing a high payment has a more serious impact than missing a low payment. Delinquencies that have occurred in the last two years carry more weight than older items so be careful when deciding to pay off old debt or collections and speak with your financial cons... More About: Credit , Score , Understanding
Understanding Your Credit Score
2008-03-12 01:33:00 Your credit score is an extremely important financial tool in your life. It provides access to the financing you need in order to buy a car, a home, or pay for college tuition, among other things. Since higher scores equate to lower interest rates and better lending terms, it is vital to understand the factors involved in calculating your score. Below are the five elements that make up a credit score. We have also included the percentage of weight that each one holds. This will help you understand how small changes can quickly change and improve your credit score. Payment History: 35% impact Paying debt on time and in full reflects positively on your credit score. Late payments, judgments, and charge-offs lower your score. Missing a high payment has a more serious impact than missing a low payment. Delinquencies that have occurred in the last two years carry more weight than older items so be careful when deciding to pay off old debt or collections and speak with your financial cons... More About: Credit , Score , Understanding
Is There A Connection Between Gas Prices and Mortgage Rates?
2008-02-22 02:23:00 Have you every notice that mortgage rates follow gas prices? If the price of gas is up mortgage rates are up. In the past several days we have had rate increases to a high for 2008. The mortgage rates have dropped a bit recently, but not back to the 5.5% range we had in January. The price of oil is up over $100.00 per barrel right now. The day that news broke of the increase in the price of oil the mortgage rates went up to 6.375% for a short time. So keep an eye on your local gas station to see if the rates are going down and if they are the mortgage rates are probably going down as well. Have questions .. Call us - Melvin and Tiffany Pigee 706-868-3658 More About: Connection , Mortgage , Gas Prices , Rates , Prices
Is There A Connection Between Gas Prices and Mortgage Rates?
2008-02-22 02:23:00 Have you every notice that mortgage rates follow gas prices? If the price of gas is up mortgage rates are up. In the past several days we have had rate increases to a high for 2008. The mortgage rates have dropped a bit recently, but not back to the 5.5% range we had in January. The price of oil is up over $100.00 per barrel right now. The day that news broke of the increase in the price of oil the mortgage rates went up to 6.375% for a short time. So keep an eye on your local gas station to see if the rates are going down and if they are the mortgage rates are probably going down as well. Have questions .. Call us - Melvin and Tiffany Pigee 706-868-3658 More About: Connection , Mortgage , Gas Prices , Rates , Prices
What Do You Need For A Mortgage Pre-Approval?
2008-02-19 18:49:00 Many potential clients want to know what is needed for a solid mortgage pre-approval. With all of the changes in the mortgage industry, the documentation needed has actually remained the same. Here is a short list of the items that can help us get you pre-approved quickly: 1. Most recent two pay stubs 2. 2 years tax returns (for anyone that is Self-employed) 3. W2’s (not always needed) 4. 30 Day history of all bank accounts and savings (checking, savings, 401k, stocks, bonds, etc) 5. 2 Years Verifiable Employment 6. 2 Years Verifiable Residence History Pretty easy huh! Most of these items you should have right on hand. With your credit profile and the above information, you will not only know how much house you can buy, but you will also know with confidence that you are fully pre-approved. I have a very cute video for you guys as a treat for all those days that the office just drives you crazy (and we all have many of them). Click the link below (don’t worry there is no... More About: Mortgage
What Do You Need For A Mortgage Pre-Approval?
2008-02-19 18:49:00 Many potential clients want to know what is needed for a solid mortgage pre-approval. With all of the changes in the mortgage industry, the documentation needed has actually remained the same. Here is a short list of the items that can help us get you pre-approved quickly: 1. Most recent two pay stubs 2. 2 years tax returns (for anyone that is Self-employed) 3. W2’s (not always needed) 4. 30 Day history of all bank accounts and savings (checking, savings, 401k, stocks, bonds, etc) 5. 2 Years Verifiable Employment 6. 2 Years Verifiable Residence History Pretty easy huh! Most of these items you should have right on hand. With your credit profile and the above information, you will not only know how much house you can buy, but you will also know with confidence that you are fully pre-approved. I have a very cute video for you guys as a treat for all those days that the office just drives you crazy (and we all have many of them). Click the link below (don’t worry there is no... More About: Mortgage
The Truth About Short Sales
2008-02-19 18:48:00 What you need to know about short sale transactions…. With national foreclosures at all-time highs, Realtors are attempting to jump into the niche of short sales, many of them are beginners. Sellers facing foreclosure may choose a short sale when they do not have enough equity to cover the cost of their mortgage balance, closing costs and needed repairs. A short sale is when the bank agrees to sell the home for less than what is owned on the homeowners mortgage balance. A buyer can get a great deal if they have patience. What actually happens during a short sale? Home owner and Realtor request a short sale packet from the lender. If the customer service rep doesn’t know anything, speak to the Loss Mitigation Department. Owner receives packet from loan servicer and completes it (every bit of it). You will provide financial documentation, write a thorough hardship letter, and fill out a financial form that documents your expenses. If your situation is frivolous, stop now.... More About: Truth , Sales , Short , The Truth
The Truth About Short Sales
2008-02-19 18:48:00 What you need to know about short sale transactions…. With national foreclosures at all-time highs, Realtors are attempting to jump into the niche of short sales, many of them are beginners. Sellers facing foreclosure may choose a short sale when they do not have enough equity to cover the cost of their mortgage balance, closing costs and needed repairs. A short sale is when the bank agrees to sell the home for less than what is owned on the homeowners mortgage balance. A buyer can get a great deal if they have patience. What actually happens during a short sale? Home owner and Realtor request a short sale packet from the lender. If the customer service rep doesn’t know anything, speak to the Loss Mitigation Department. Owner receives packet from loan servicer and completes it (every bit of it). You will provide financial documentation, write a thorough hardship letter, and fill out a financial form that documents your expenses. If your situation is frivolous, stop now.... More About: Truth , Sales , Short , The Truth
What Our Presidential Candidates Are Saying About Real Estate?
2008-02-19 18:44:00 Many of our clients and colleagues have been asking what our democratic presidential hopefuls are saying about our housing and credit crunch. We found this information from an article published by the San Fransico Bee. DEMOCRATS Hillary Rodham Clinton: Would expand government-lending programs to stabilize the mortgage market and set up a $1 billion fund to assist state programs that help at-risk borrowers avoid foreclosure. Wants laws to crack down on unscrupulous mortgage brokers and abuses in mortgage lending. Barack Obama: Supports comprehensive legislation to combat fraud and abuse in the mortgage industry. Proposes a fund to help people refinance mortgages and offset the cost of selling homes. Would waive certain federal, state and local income taxes that result from the sale of homes to avoid foreclosure. REPUBLICANS John McCain: Generally opposed to federal intervention but says the crisis may require measures to limit the fallout and to assist the truly needy. Wants more con... More About: Estate , Real Estate , Presidential , Candidates , Real
What Our Presidential Candidates Are Saying About Real Estate?
2008-02-19 18:44:00 Many of our clients and colleagues have been asking what our democratic presidential hopefuls are saying about our housing and credit crunch. We found this information from an article published by the San Fransico Bee. DEMOCRATS Hillary Rodham Clinton: Would expand government-lending programs to stabilize the mortgage market and set up a $1 billion fund to assist state programs that help at-risk borrowers avoid foreclosure. Wants laws to crack down on unscrupulous mortgage brokers and abuses in mortgage lending. Barack Obama: Supports comprehensive legislation to combat fraud and abuse in the mortgage industry. Proposes a fund to help people refinance mortgages and offset the cost of selling homes. Would waive certain federal, state and local income taxes that result from the sale of homes to avoid foreclosure. REPUBLICANS John McCain: Generally opposed to federal intervention but says the crisis may require measures to limit the fallout and to assist the truly needy. Wants more con... More About: Estate , Real Estate , Presidential , Candidates , Real
Are in Mortgage Interest Rates Falling ?
2008-01-31 14:37:00 Interest Rate News - Augusta, GA We received some very informative information from Mary O. Lewis of Georgia Bank and Trust yesterday and we thought that it might help with understanding the news on the lowering of interest rates. ***On a positive note many buyers are starting to understand that now is the time to purchase real ... More About: Interest Rates , Mortgage , Interest , Rates
Are Mortgage Interest Rates Falling ?
2008-01-31 14:37:00 Interest Rate News - Augusta, GA We received some very informative information from Mary O. Lewis of Georgia Bank and Trust yesterday and we thought that it might help with understanding the news on the lowering of interest rates. ***On a positive note many buyers are starting to understand that now is the time to purchase real estate. Let’s look at the facts: interest rates are historically low, inventory is up (better selection for you), and sellers are conceding in ways that we have see before in our market. So if you have considered buying in Augusta Georgia, Columbia County, Martinez Georgia or Evans Georgia give us a call! See below Mary’s tips below: Mortgage Rate Tip The news is full of stories about the Prime Rate dropping. Many people may be confused by these news stories. The Prime Rate is the short term interest rate. If you have an equity line that floats with Prime the recent rate drop may be good for you. What most borrowers do not know is that the Prime ... More About: Interest Rates , Interest , Rates
Melvin and Tiffany?s First National Blog Post!
2008-01-30 03:32:00 Click HERE to view our very first National Realtor.org Young Professional Network Blog ! More About: Post , Tiffany , Melvin
Melvin and Tiffany’s First National Blog Post!
2008-01-30 03:32:00 Click HERE to view our very first National Realtor.org Young Professional Network Blog ! More About: Post , Tiffany , Melvin
Finding Lifes Balance in 2008!
2008-01-30 03:25:00 This year stop and smell the roses! As we reflect on 2007 and strategize for 2008 what started as a joke and clever marketing title ?Power Couple? has taken a true meaning in our lives. When we first started in real estate it was a way to supplement our income, work from home, and be available ... More About: Balance
Finding Lifes Balance in 2008!
2008-01-30 03:25:00 This year stop and smell the roses! As we reflect on 2007 and strategize for 2008 what started as a joke and clever marketing title ‘Power Couple’ has taken a true meaning in our lives. When we first started in real estate it was a way to supplement our income, work from home, and be available for our four children. A few years later we more than exceeded our income goals and comfortably work from home, but as our business grew and expanded we seemed to constantly battle for quality of life and personal time. So we decided to take a Power Approach and implement strategies that allowed us to enjoy our life beyond real estate. Here’s our guide to having a successful business and a real life at the same time. *Stop beating yourself up about what doesn’t get done. We get up every morning at 6:00 – to get our pre-teens up and ready for school, at the same time we are unloading and loading laundry, making school lunches, and dealing out breakfast; all within 45 minutes. So you ... More About: Balance
Good News for the Housing Market?
2007-12-26 20:58:00 While national news media has the housing market taking a brutal beating, Augusta Georgia and surrounding areas have been largely immune to the spiraling slump that is hitting other parts of the country. As Melvin and Tiffany have pointed out recently, market indicators for Augusta, Evans, Martinez, and Hephzibah, and even Grovetown may not be the ... More About: News , Market , Good News , Housing , Good
Good News for the Housing Market?
2007-12-26 20:58:00 While national news media has the housing market taking a brutal beating, Augusta Georgia and surrounding areas have been largely immune to the spiraling slump that is hitting other parts of the country. As Melvin and Tiffany have pointed out recently, market indicators for Augusta, Evans, Martinez, and Hephzibah, and even Grovetown may not be the best we’ve seen in recent years, but there’s no “sky is falling” scenario playing out in our local area. A recent news item may indicate that recovery is on the way. In recent weeks we have seen bits of potentially good news surface. GOOD NEWS FOR THE U.S HOUSING MARKET Freddie Mac reported nearly across-the-board drops in mortgage interest rates. Perhaps most importantly, the average rate on 30-year, fixed-rate mortgage fell to it’s lowest point since September 2005, resting at 5.96 percent, but rates on 15-year fixed and 5-year adjustable mortgages also fell. Q. Why is this good news for the housing market? A. Lower interes... More About: News , Market , Good News , Housing , Good
Augusta/Columbia County Real Estate - Why now is a great time to buy!
2007-12-06 04:05:00 Our real estate market is producing the best buying conditions that we have seen in a long time!Interest rates are extremely low - mid 5?s today and the market is stirring, sales are up and we are beginning to work our way through the oversupply of homes in theAugusta Real Estate market. If you have thought ... More About: Real Estate , Time , Columbia , Great
Augusta/Columbia County Real Estate - Why now is a great time to buy!
2007-12-06 04:05:00 Our real estate market is producing the best buying conditions that we have seen in a long time! Interest rates are extremely low - mid 5’s today and the market is stirring, sales are up and we are beginning to work our way through the oversupply of homes in the Augusta Real Estate market. If you have thought about buying, now is a great time. This time of the year is traditionally the slowest real estate sales season so you will have a few more good months of house hunting. Based on recent news reports there will be an eminent freeze coming on adjustable rate mortgage interest rates which should slow the supply of foreclosure homes and help to ease the decline in home prices. For sellers this should come as exciting news and remember that December is a great month to sell. If you have been on the sidelines, it’s time to get in the game. And your first rule of engagemengt is to call Melvin and Tiffany Today! More About: Real Estate , Time , Columbia , Great
Zig Ziglar and Friends Come to Augusta!
2007-12-06 03:50:00 We were so excited yesterday to attend the Get Motivated Seminar that came to Augusta . This year we were entertained by great speakers that not only delivered a positive message but also created an atmosphere of positive energy. We were surprised to find that Zig Ziglar not so recently experienced a fall that changed the way that his message is delivered but hasn’t changed his ability to touch lives and make you appreciate all that you have and those things that are yet to come. Phil Town taught a brief lesson on investing that got everyone wanting to invest in the stock market. If the Get Motivated seminar comes to your town, get a ticket. More About: Friends
Zig Ziglar and Friends Come to Augusta!
2007-12-06 03:50:00 We were so excited yesterday to attend the Get Motivated Seminar that came to Augusta . This year we were entertained by great speakers that not only delivered a positive message but also created an atmosphere of positive energy. We were surprised to find that Zig Ziglar not so recently experienced a fall that changed the ... More About: Friends
Staying within Your Limits
2007-11-24 21:21:00 In our personal real estate business we spend considerable amounts of time counseling our clients aboutremaining focused andon staying within their budgetary means when purchasing a home (especially first time homebuyers).More often than not,the mortgage amount printed on your pre-approvalletter fromyourlender is based on what your finances look like on paperandthis amount is generallymuchhigher than ... More About: Limits
Are you REALLY ready to sell your home?
2007-11-22 03:11:00 As real estate professionals, we have a first hand understading of the change of how the local market has shifted. Gone for the forseeable future are the days of buyers writing overthe asking price offers on the hood of the agents car. Sayso long to the “if your breathing and have a credit score at ... More About: Home , Sell , Ready
The Real Estate Scare in Georgia
2007-11-20 23:50:00 Since we often receive questions that are extremely relevant to the current real estate market conditions in the Augusta, GA - Columbia County area we have decided to answer a question of the week every Tuesday as a part of our blog. Be sure to subscribe to our blog or check back every week for ... More About: Estate , Real Estate , Georgia , Real
Welcome to Tiffany Pigee?s Blog!
2007-11-19 19:37:00 Welcome to Tiffany Pigee’s Blog ! This blog will provide you with valuable information, tips, and general insight into the real estate market in Evans. |
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