Crystal Saves The Deal

Interest rates are continuing to be a conversation after we saw a small rise in rates to around 4.55% in December 2013 and now we are seeing a rate around 4.125% some local lenders reporting rates as low as 3.625. Housing Wire published a report October 14, 2014 stating that the rates are at an 16 month low what does this mean for you the buyer? Example of savings:  $100,000 loan at 4.55% (principal and interest only) would be $509.66  $100,000 loan at 4.124% (principal and interest only) would be $484.65 $100,000 loan at 3.625% (principal and interest only) would be $456.05 Quite the savings anyway you look at it. The best way to find out the most correct information is to contact your lender. When using most mortgage calculators like the one I used above from www.bankrate.com they don't add in the cost of taxes and insurance in their estimates.. Below I went to a Lawrence, Ks lender with the same scenario  Factoring in a 5% down payment and addi...

Partnering up with Truity Credit Union to host another home buying seminar. Register here for your seat  What you can take away from this class from the lending perspective Tips on getting your credit improved  What debts to pay off first  How much do you need for a down payment  What actually is closing cost  Realtor perspective Why you should use a buyer's agent The process from pre-approval to keys Words you should know to navigate through the process Home inspections and why they are important Is this still a buyer's market?  This is definitely a class you don't want to miss but if for some reason you can't make it feel free to contact me directly for a one on one buyer's consultation.   Class will be held at Truity Credit Union hosted by Geoff Strole and Crystal Swearingen in Lawrence ks. 

Curious how the market is performing? As of September 1 we have had 759 homes that have sold in the city limits of Lawrence down 5.7%. The average days on market has decreased decreased 16.8% to 69. We have seen a steady decrease in the days on market in April our average days on market was 98 days. Homes that are positioned well are selling so the key is the seller and their agent working together to make sure that they can position their home to sell! We also have experienced less inventory which has been something that we have been seeing throughout the year with a slight influx during the summer months. I love talking about the market and would be happy to discuss the trends we are seeing on an individual or group basis. Message me for more information on what price ranges are selling faster and where we are seeing a gap in active homes for sale.  As Always "Buying or Selling the Choice is Crystal Clear"      Crystal Swearingen   Presid...