New Opportunities for Home Ownership after a Foreclosure and/or Bankruptcy

(702)379-3401 www.DaveRadcliffeVegas.com---Was your Foreclosure included into a Bankruptcy? ---There are new opportunities for homeowners with Foreclosure and Bankruptcy in the past. Dave Radcliffe of the Radcliffe Group at Keller Williams speaks to Chris Binney of Raintree Mortgage on the topic of New Guidelines according to Fannie Mae and Freddie Mac. Homeowners with a foreclosure on their record no longer need to wait 7 years before it clears them to buy again, “we can now go off of bankruptcy timelines instead of foreclosure dates.” This will allow for sooner purchase dates. Was your Foreclosure included into a Bankruptcy? If you filed bankruptcy in the past 4 years, you may qualify again to purchase. There are different standards for Fannie Mae and Freddie Mac as there are for Government Insured loans as FHA guidelines are 3 years after a foreclosure and a VA loan 2 years after foreclosure. So it may be easier to purchase than you had originally thought.

We anticipate interest rates will go up and there are still a lot of Zombie foreclosures out there, so give us a call and we can evaluate your credit and loan-ability and we can look at financing you now and getting you into a home. Call the Radcliffe Group and we can connect you with Chris Binney of Raintree Mortgage. (702)379-3401 www.DaveRadcliffeVegas.com

Foreclosure and Bankruptcy, Market Updates, Fannie Mae and Freddie Mac, FHA, VA, Affordability

Increasing Interest Rates Affect Home Ownership and Affordability

(702)379-3401 www.DaveRadcliffeVegas.com--- Increasing Interest Rates Affect Home Ownership and Affordability---We’ve been hearing a lot about what may happen with interest rates. Dave Radcliffe of the Radcliffe Group at Keller Williams Realty Southwest Las Vegas speaks to Chris Binney of Raintree Mortgage on the topic of interest rates. Chris has noted there has been a little pull back (meaning reduction in rates) that has been great for purchases and refinances. Changes look to be on the horizon. The Fed is ready to stop buying all the bonds; and that will cause the rates to increase. Prior to 2007 the rates were 6%, there is no surprise that it is going in that direction in the near future. We are anticipating rate changes by the first or second quarter of 2015 will start moving to upper 4%’s to low to mid 5%’s. As rates go up, and prices go up, home ownership will be less affordable for buyers. For Sellers, it reduces the buyer pool for those who can qualify. Now is the time to sell before the busy holiday season kicks into full swing. Give us a call to learn what your best options are for your home sale, purchase, or refinance, the Radcliffe Group will put you in touch with Raintree Mortgage. (702)379-3401 www.DaveRadcliffeVegas.com

Interest Rates, Affordability, Mortgage, Financing, Seller Information, Buyer, Market Updates, Raintree Mortgage