Today I’m delighted to be joined by Stacy Crossingham of Finance of America to talk a little bit about alternative credit scores and how to qualify for a mortgage if your credit isn’t perfect.
You've reached the blog for Santa Fe Realty Unlimited. Thank you for your visit. In this Blog, we intend to give insight into real estate and help educate the consumer in order to allow them to make great real estate choices. Real estate, in our eyes, is the backbone of our community. It provides a solid secure investment and a place to call home and raise our families. We at Santa Fe Realty Unlimited are dedicated to our clients and finding the best solutions to help them with their real estate needs. So please feel free to browse the content on this page and reach out to us if you have any questions whatsoever. Also, If you have a topic that has to do with buying or selling or real estate in general. whether it is in Santa Fe or at the state level of New Mexico or even nationally or internationally, We love a challenge so please do not hesitate to bring it up. Thanks for reading and we hope to hear from you soon.
Hello everybody David Themis here. Today I would like to just talk for a couple of minutes about the Heroes Home Connection. Heroes Home Connection is the New Mexico nonprofit organization that helps with closing cost assistance for qualified heroes. These qualified heroes include but are not limited to; doctors, nurses, fireman, police officers, social workers, forestry workers, park rangers, foster parents, the list goes on and on. Basically, if you wake up on a daily basis and you’re striving to improve people’s lives, your striving to help people, well we want to help you back! That’s what we’re striving to do. Heroes home connection saved approximately $84,000 in 2017!!! That’s substantial, that’s a large amount of money that has helped a lot of people! So far 2018 we are at about 7000. But We’re looking forward to a good year. The only way we can help more people is through education, and that’s the reason I’m here today. The way this works is that all of your affiliates, your affiliate realtor like myself, your Affiliate lender like Miss Linsley, different title company affiliates, your home inspector affiliates, we all get together and we contribute toward your closing cost, we contribute to help you get into your new home. If you’d like more for information about the Heroes Home Connection please feel free to clean click on the link I posted below or simply go to www.heroeshomeconnection.com and read our testimonials, look at our pictures, look at all the information we have on hand. We are here to help and I hope you take avenge this program. Again, my name is David Themis with Santa Fe Realty Unlimited and I really hope you follow me on Facebook. Now see you later bye!!
Hi guys, we are live this is Juan Carlos Mora of Santa Fe Realty Unlimited. I just want to thank Leland Titus for starting this challenge today. We are going to be having a video series letting you guys know the pluses minuses of buying a house. If you guys have any questions, feel free give us a call, we'd be more than happy to answer any questions you guys might have.
If any of them(questions) should come up as far buying a house goes, You should consult with somebody, friends, family, and then talk to Realtors. Today the topic is going to be home inspections. Home inspections are very important. even though you could be walking into a brand new house and think "hey it doesn't need an inspection, you know its brand new, what could be wrong with it"? I was watching a couple youtube videos of home inspectors, and they walk into houses that are being built and there are so many code violations, so many things going wrong. And sometimes they just make houses way too cheap and way too fast that they do not have enough time to pay attention to all the details. So if you guys are buying a house that is being made at this moment, run an inspector out there. Just because they can catch certain things and you guys can fix it before you have to pay more down the line. the other thing is that if you run into a house and you decide not to do an inspection and you decide not to do an inspection you run the risk of Caveat Emptor which basically means that the buyer runs the risk of taking a house with problems whatever is wrong with the house he should know. He has done his own walkthrough, he has done his own inspection. At that point in time if you find something wrong with the house and you would like to sue somebody... you chose not to get an inspection. So that is a risk that you run. but hopefully, any house that you get run an inspection
Hey Guys, Leland Titus here with Santa Fe Realty Unlimited. I was speaking with Juan Carlos Mora yesterday about maybe starting a video series that may help people that don't really know about real estate or the real estate purchase. Maybe they can ask questions and we can answer them or something.
So... anyways I arrived at my first closing today and had a little extra time and figured I'd shoot a video. I guess this is a live video this is my first time doing this so sorry if there are any mistakes. But, today I'm going to challenge Juan Carlos Mora, one of my fantastic talented brokers to do one next, and he'll have to pick a topic and help out a little bit.
Today what I was going to go over was the MFA loan program which allows you to get into a home for $500 down. Now, this takes a little working on our part as Realtors.
What an MFA loan is is it's a secondary loan. So you would get an FHA loan which would be your first loan and that can cover up to 96.5% of the purchase price (of your new home). Then the MFA loan will kick in and they will give you $8,000 dollars towards your purchase price. At that point what we will do is we will ask the seller to contribute up to 2% and that would cover any of your closing costs, anything to do with the purchase of your property. There is a law (or rule) that you have to come in with $500.00. That's $500.00 That's it! to purchase a home. If you qualify of course.
We use the FHA loan and we use the MFA loan so that we can get you into your new home for $500.00. This is a great program, it works great with homes at about the $200,000.00 to $250,000.00 range. Which is about the price of a decent starter home in Santa Fe a 3 bedroom 2 bath for people.....
Video Cuts out! Darn, you Facebook live!
If you have any questions I and Juan may be able to answer in this video series. We would love to help. If you know anyone that looking to buy or sell real estate please give me or Juan a call. We may bring in some of the other brokers in our office to cover other topics as well. So anyways thanks for watching and We look forward to hearing from you guys. Thanks, Bye.