2378 Firewheel1_400Our home is located in a quite gated community with very low traffic flow only minutes away from the I-25.  An elementary and high school is located only a few minutes away and a park with jungle gym, basketball court, and open grass field is within walking distance.  Our community is located only 15 minutes from South Albuquerque and 20 minutes from Kirtland AFB south gate.

Our home has an open setup with a spacious size guest bedroom and full bathroom down stairs. The bakers kitchen is open, with plenty of counter space and cabinets.  The walk-in pantry is large, with 5 levels of shelving and plenty of space for appliances and dry food.  The appliances are new; the microwave doubles as a second oven and streamer.  There is plenty of room for a dinner…

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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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Definitely the buying season is upon us BUT it is also the Selling season. With a low inventory there is a lack of good homes for the many qualified buyers searching RIGHT NOW. We have had multple offer situations where there were 6 offers...6 OFFERS! 

If you are thinking of selling and want to get the best exposure through our powerful internet, direct and buyer lead marketing then consider interviewing our Team for the job.  We can safely navigate the selling process, protect you and get you the most money possible in the shortest amount of time.

Call us today (505) 350-8184

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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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Beginning April 1st, 2012 FHA will be raising their upfront Mortgage Insurance. You may be asking yourself 'how does this effect me'?

Here is a scenario:

Your current loan approval amount $150,000 FHA

Old Monthly MI = 1.15% = $143.75 Monthly MI

New Monthly MI = $1.25% = $156.25 Monthly MI

Old Upfront MI = 1% or $1500 based on above loan amount (added to loan amount)

New Upfront MI = 1.75% or $2625 based on above loan amount (added to loan amount)

This means that you would qualify for about $5,000 less on your mortgage with the new increase beginning April. Your loan amount would decrease to $145,000.

This reduction may be signficant to a buyer trying to max out their purchase, which happens all the time, by the way. If you feel you this…

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We Can Sell Your Too!If you are looking to get your home SOLD please give me a call!  We have a large database of qualified buyers and know how to advise you in selling your home and how to make the BEST First Impression!

Call the NMWelcomeHome Team Carlos Martinez (505) 350-8184!

This is what we have been up to over the last few weeks!

Search Homes Now

Search Homes Now

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We would love to see you at The ABQ Home Expo. Vist booth 307 for a FREE Instant Market Analysis, Foreclosure Listings and learn how to enter for a chance to WIN a day at the Spa!

Show is February Saturday 18th 10am-6pm and Sunday 19th 10am-5pm.

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Loan Type Current Interest Rate
VA 3.75%
FHA 3.75%
Conventional 4%

Home Buyer Rebate FAQ - Click Here

New Construction Home Buyer Rebate - Albuquerque - Rio Rancho

List of New Construction Builders in Albuquerque and Rio Rancho

Receive 1% Cash Rebate on any New construction already or to-be-built home. This will be on top of any other incentive that the new builder gives.

Typical Incentive with builders:

2-3% Buyer Closing Costs Paid. This usually means NO CLOSING COSTS!
Appliance upgrade package
Window coverings throughout

Now until the end of the year, we will be offering a 1% CASH REBATE to the buyer. Just call us or go to any of the New Home builders and when you register just write down that we sent you.

Example: Sale Price $200,000 x 1% = $2,000 Cash TO YOU!

***Buyer rebate…

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