Don't let the down-payment get you down!

Down PaymentComing up with a down-payment for a home purchase can be a major roadblock for some. This is often the reason for renting, rather than owning, a home. A "down-payment" is the difference between the home's purchase price and its mortgage amount. The down-payment must be paid up-front and can vary by lender, location, and loan program. A higher down-payment generally translates into lower loan interest rate. Down-payments typically come from personal cash savings, but it can also be a borrowed amount secured by assets. Our mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the…

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Get ready for winter and read these tips to winterize your home.

Furnace Tips to Winterize Your Home

Call an HVAC professional to inspect your furnace and clean ducts or do it yourself if you know how. Remove all flamable material that surrounds your furnace.

Fireplace

Cap or screen the top of the chimney to keep out rodents and birds. If the chimney hasn't been cleaned for a while, call a chimney sweep to remove soot and creosote. Inspect the fireplace damper for proper opening and closing.

Doors, Windows & Exterior

Inspect exterior for crevice cracks and exposed entry points around pipes; seal them. Use weatherstripping around doors to prevent cold air from entering the home and caulk windows.

Roof, Gutters & Downspouts

Replace worn roof shingles or tiles. Also,…

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1409 Adams St.Hear What The Sellers Have to Say About 1409 Adams Street...

We moved to this house when we were graduate students at UNM. The location is great. We could ride our bikes to the UNM campuses and to the hospitals we were employed at. The house is very near all of the major bike paths. We even ride our bikes to the Balloon Fiesta every year! This home is near Whole Foods, Smiths, Sprouts Market, Coronado Mall, the Uptown Shopping Center, and the new IMax Movie theater. It is so convenient to be near the I-40/I-25 interchange as well. Our neighbors are all professionals and are friendly, and care about our neighborhood. Adams St. is quiet, and is up on a hill, so our sunset views are incredible. We love to sit on our covered patio and watch the sunset every…

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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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