Information regarding the Great State of New Mexico. News and Happenings across the State.

Pulte is wanting to help the housing market by offering incentives. One incentive is $10k price reduction in select homes. Pulte's company motto is "Homeowner for Life". They are devoted to helping first time homebuyers, as well as helping people work up to an estate size home all the way to their retirement home.

NMWelcomeHome Real Estate Team understands the market shifts as well as interest rates. Interest rates will continue to rise, which makes it difficult for some to purchase a home. NMWelcomeHome Real Estate Team stays up to date with the changes to make sure all of their clients get awesome deals by researching different companies that offer the best incentives.

Contact NMWelcomeHome Real Estate Team to provide you with a free home market…

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Tired Of Apartment Living? Want A Home?Tired of Apartment Living?

Are you tired of living in an apartment? You may be tired of the uncertainty of rent increasing and not being able to make the apartment the way you would like.  In addition, the landlord may not make repairs in the way you might wish or ask you to leave. You and your family may need more freedom, privacy and space.   There is a feeling of pride and freedom when you own your own home. It is yours to remodel as much as you would like and you can pass it on to your children or use it to build equity to use in the future. Owning one’s own home is usually a strong goal for many people. If the real estate market goes up, your home can make you money. Every single dollar that you pay in interest for your primary residence is tax…

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Home Search Made Specifically for YOUTime... Who can say they have extra time to constantly search for homes that match thier criteria?

Don't worry! NMWelcomeHome Team can set you up on an electronic home search that will send you the newest listings that match your criteria. Do you need that extra bedroom, bathroom or garage that you just cant find? Are you waiting for that home to go on sale in the area you love? We can make your search specific to your needs. We will send you the information as soon as it pops up.   As your Buyer Specialist, here are just a few things we do to help in your home search:
  • Set you up on a home search, which will send you the newest listings that match your search criteria.

  • Actively search homes that fit your needs.
  • Arrange and schedule…

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FHA Back To Work ProgramWhat is the FHA Back to Work - Extenuating Circumstances Program?

The Federal Housing Administration (FHA) realizes that credit histories don't always reflect a person's true ability or willingness to pay on a mortgage. The FHA Back To Work - Extenuating Circumstances program can help you apply for an FHA loan and get into a home. Millions of U.S. homeowners who experienced financial difficulty under extenuating circumstances are now eligible to purchase new homes. You no longer need to wait 3 years to apply for an FHA loan after experiencing a foreclosure, short sale or deed-in-lieu. You no longer need to wait two years to apply for an FHA loan after experiencing a Chapter 7 or Chapter 13 bankruptcy. FHA has waived these waiting periods. NMWelcomeHome…

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There are many things that can affect home value so I made a list of the top items that could have an impact on your home value.  Some of these you can correct and some you cannot.

  • Location - Location can affect value especially if zoning changed in the area and now something undesirable is built.
  • Lack Up of Updates - You can fix this with a minimal investment. I have see great improvements with paint and replacing all light fixtures. You can obviously go as far as you want but be careful and don't go to far!
  • Short Sales and Foreclosure in your area - As the inventory for these sales types continues to go down it will have less of an impact on your home as time goes by. The reason is that appraisers will look at the last 3 months of sold…

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Fall Daylight Saving TimeFor most of the United States (exluding Hawaii, American Samoa, Guam, Puerto Rico, the Virgin Islands, the Commonwealth of Northern Mariana Islands, and Arizona) Daylight Saving Time begins at 2:00 a.m. on the first Sunday in November. NMWelcomeHome Real Estate Team wants to send a friendly remember to change your clocks one hour back.

Also it is a good time to replace the batteries in your smoke detectors.

Interesting Fact: Modern daylight savings time was made into law through the Uniform Time Act of 1966.

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Mortgage Rates Are Low, For How Long?Mortgage rates have dropped but this low rate will not be here to stay. The prediction is that if the Fed pulls back on the stimulus next year, the 30-year fixed mortage can go up between 5 and 6 percent. If you were thinking of refinancing or purchasing a home you could be shocked from the interest rate that may go up significantly in January 2014. If the rate goes up, the amount you qualify for can change as well as the inventory. People refinancing and homebuyers should take advantage of the low rate lock and feel comfortable with the rate and the deal they are getting.

Several factors will put upward pressure on rates early next year, including the new deadline to raise the debt ceiling, the possibility that the Fed will trim the bond-purchasing…

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The nei8109 Vista Volcan ghborhood is very nice, quiet and safe. The house is located in a gated community. It is great for just about anybody that is retired or wants to raise a family. I have only one neighbor and they are wonderful people, you will love them too. I love the house, but my family has grown need we just a little bit more room. I have been the one and only owner of the home.

Extras include:

  • Gated Community
  • High vaulted ceilings
  • Separate breakfast area
  • Tile in all wet areas
  • Well maintained home

Click here for additional photos and information

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Zero For Heroes Do you know any "Heroes" that are hesitant to purchase a home? Worried about cost and lack of down payment? This program can help you. Frost mortgage created a "Zero For Heroes" VA Loan Program where veterans pay $100 to move you in your new home. Zero down payment, zero lenders closing costs, hence "Zero for Heroes".

It’s easy to qualify!

• You just need to be a “Hero” - Active Military, Veteran, Law Enforcement, First Responder, Nurse, Doctor or Teacher

• The home you want must be considered your primary residence

• NO INCOME LIMITATIONS!

The NMWelcomeHome Team will assist all our "Heroes" to find the home you want and not have to worry about the added costs when making this important purchase. We'd like the opportunity to discuss how it can…

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Current interest rates look great and is still a great time to apply for a mortgage! If you are interested in buying a home please give us a call at 505-259-3150.

Get your home search started here!

Current Interest Rates Albuquerque and Rio Rancho

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