FHA will be raising their monthly premiums April 2013 and will remain for the entire life of the loan!  Premiums currently would drop off once it reaches less than 78% of the original principal balance. SOON THAT WILL CHANGE! The ONLY thing you can do right now is buy a home before this goes into effect.

Start your home search here.

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NMWelcomeHome MobileThats right, we are now mobile! With our new mobile friendly internet version of www.NMWelcomeHome.com you will be able to search ALL homes in the Albuquerque and Rio Rancho area easily.

Use the 'Properties Near Me' function to help you locate homes within the neighborhood you want to live in. Or try the 'Advanced Search' to set search criteria for the perfect home. You can also see all my listings by clicking on the 'Featured Listings' button.

With couple of other fun tools you can put in the 'City, Neighborhood, Zip or MLS Number' to quickly pull listings to view.

Once you pull up a listing you want to view, click on the 'More Photos' to view all photos avaialble, see the quick specs and description right below that. You can also see 'Additional…

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FHA will be raising there monthly premiums sometime 2013 and will remain for the entire life of the loan!  Premiums currently would drop off once it reaches less than 78% of the original principal balance. SOON THAT WILL CHANGE! The only thing you can do right now is buy a home before this goes into effect.

Start your home search here.

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Everyone has heard of a 'trade-in' and most have traded in their car for a new one. With the Home Builder Trade-In Program™ Home Builder Trade-In Programwe can help you understand what options you have when it comes to selling your home and buying a brand new home from one of our Home Builder Parnter Affilliates. With our current program we have 3 great and successful options that you can choose from.

We have a no obligation consultation to see if you qualify. Contact us today to find out what option will work for you. (505) 350-8184 or by Email.

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This property at 8111 Cutler Ave NE is an investor special. All brick home behind Uptown near Coronado and Winrock Mall

I would like to invite you to view the property on Friday 8/17 from 11:30 - 12:30 PM.
List Price $115,000 - 2150 Sq Ft 3 BR 2 BA

We will take offers and respond to Highest and Best by 8/21/2012
***Seller Financing Available***
Please let me know if you plan on attending

Map to property
Remarks:
Consider this a rare opportunity for a NE home with a clean slate and ready for your vision. If you know the area, it is no secret that this home is in a prime location near all the major and exciting amenities NE Albuquerque has to offer. Neighbors are wonderful and looking forward to the…

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We are asked how to drop the Mortgage Insurance on your loan. Mortgage Insurance also known as MI or PMI (Private Mortgage Insurance) is part of your monthly mortgage payment. Mortgage Insurance is required when putting less than 20% down payment on a home. It can be costly and will add $100 plus to your loan payment (depends on loan amount). Mortgage Insurance is to protect the lender in case you default on your home loan.

Below are explanations on how to or when MI will be removed from your monthly mortgage payment.

Dropping Conventional Mortgage Insurance Rules

  • Automatic Termination
    • Fixed Rate & Adjustable - Removed when reduced to 78% LTV
      • LTV based upon ORIGINAL VALUE
      • Based SOLEY on regular amortization (not prepayment …

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School will be over for the summer, weather will be good (except for a little wind) and you may be planning a BBQ or trip out of town to the lake but I wanted you to know I will be available all weekend to show homes. If you have some time between planning that BBQ I would be happy to show you homes.

Thanks to the troops and we honor you on this Memorial Day!

I still have available time this weekend so give me a call (505) 350-8184.

Search Homes Now

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We are local Realtors that have successfully closed hundreds of home purchases and we see financing from all different lenders local, online and out of state. We have great success with local lenders because they own and operate offices in Albuquerque that we can call or visit the same loan officer if we have a problem.

With online or out of state retail lenders is when we have the greatest probability of issues arising and closing ontime. We don't really know why this happens but consider there is not much accountability with no local person to go to or calling in to their call center and talking to a different loan officer/processor each time MAY have something to do with it.  This includes Bank of America, Wells Fargo, USAA, Quicken Loans and many…

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Some basic information that may help you in your quest for more information on a home listing.

If you notice the information located in the 'Additional Information' section of a MLS Listing Display. This information will be available for all listings and is typically located at the bottom right hand side of the display.

 

 

 

The 'Additional Information' will also let you know if the home is a Short Sale or Bank Owned Home.  This can be useful if you are or are not interested in short sale's or foreclosures.  If it does not specifically have RE/Bank Owned or Short Sale then it is just a regular sale.

 

 

So here are some quick definitions for financing:

  • Conventional - This is a common type of financing with a…

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