Refinancing Your Home

I was just on vacation in Saint Croix having a great time with friends.  The water was beautiful and clear. Everyone was talking about their jobs and then my turn came. As you know I am a Realtor, so a good friend of mines sister refinanced her house last year and now she wants to sell it.  She said she is saving a few hundred dollars by refinancing it. I didn’t go into any specifics but to me a few hundred means three maybe four.  I asked her why she refinanced only to want to sell.  She said she wanted to lower the payment and the refinancer rushed her through the process.  I asked her about the fees and she said there were a lot. Later that day I talked to her other sister and she was inquiring about refinancing her house and then selling it too. It just completely surprised me that she wanted to refinance then sell the next year.  I asked again why she was willing to refinancing only to sell.  She said she just needs to do something to bring her payments down. (Washington D.C.)

I believe the reason why a lot of owners are willing to refinance is because they don’t have to pay any out of pocket fees. My advice to her was, “Talk to a good Real Estate Agent”. Let them complete a comparative Market Analysis for you and let you know what your house can sell for and what it would cost you to sell your house.  She would need to sit down and write out her plans for her home. 

My tips:
***Don’t refinance if you intent is to sell within a few years.
***Don’t refinance if you can’t bring your interest rate down by at least 2%
***Don’t refinance without talking to a Real Estate Agent first.

 Before my husband and I were married I always advised him against refinancing but he had to fine out for himself.  So he called or they called him to sit down and talk about refinancing.  He sat down with an agent and saw all of those fees and enough said.  My mission was completed no refinancing for him and he wasn’t sure if he was going to sell it or keep it either. Bottom Line is he didn’t listen to the resident expert.

Some home owners entering into serious relationships or ending a marriage sometimes began to see their houses as burdens instead of what it are “an investment”. They may not want the hassle. For some it’s like being on a raft that is slowly sinking and your reaching our for anything to keep you a live.  You just want to stay a FLOAT.

Mentoring

Definition: A wise and trusted counselor or teacher

What is the importance of mentoring? It’s a balance of learning from others and you have no obligation to partner or work with. It’s a two way relationship to encourage and learn from each other.  When I was in the military they always pushed mentoring all the time. I understood its importance then but never really took the opportunity to get a good mentor.  Fraternities and sororities are big on having mentors and establishing connections as well. Churches are another great place to find a mentor.  These different organizations are great places that provide opportunities to discover mentors.

I’m looking for a mentor not only for my job, but also for a financial advisor that I can bounce ideas with and it wouldn’t be a payment method of advice. Mentoring is a person volunteering their time.  Not only do children need mentors but also adults need to be mentored.  Rather they are first time parent, have a new job, or need more life skills.
http://www.youtube.com/watch?v=O6XKksys-XI

Why Wait Until the Last Minute

I meet a lot of people interested in purchasing a home, but get nervous about getting qualified for a loan.  After I ask my client if they have been pre-qualified they sometimes respond with, “We are ready to look for a house but we aren’t ready to get our credit ran”.
I understand some people are nervous about their credit, but this is the first step towards the home buying process, but this is the first step towards the home buying process.  Good credit is the number one way to get into your house, unless you have cash.  By getting your credit checked it allows you to know where you stand. You may have a collection that you weren’t aware of, or you may need to get your points up a little more, or you may have additional documentation that you need to turn in, and there may be something on your credit that you didn’t tell the real estate agent about (me).
If you’re interested in buying a home go ahead and get pre-qualified even if you don’t think you’re going to purchase until 6-12mo from now, that’s fine too.  This will allow you to work out any issues that may pop up later.  

You will be able to own a piece of the dream.

YouTube: http://www.youtube.com/watch?v=D2TVmGf309Q

The Choices We Make

When we are motivated about something then we are able to focus on it. More energy is created to finish the task. Energy we don't know where it comes from. The excitement and the thoughts of completing or accomplishing an object motivate us more.

We find a new level of excitement that stimulates us. Its like buying a new house. Yes, some may be nervous but you’re also very excited. New buyers just want to make sure that they made the right decisions, starting with the light fixtures to the correct floor color.

 We all have choices and we have to decide if we are making the correct choices.

C – clear on the cost and willing to pay

H – having a support team in your life

O – organization that keeps the focus clear

I – investigating all option

C - coming to grip with your dream

E – emotional staminia

Stamina is created by passion

http://www.youtube.com/watch?feature=endscreen&v=Ivym8f0NXPU&NR=1

Happy Mother’s Day

Wouldn’t it be great if every mother could have a new house for their mother’s day gift? Only in our dreams would that happen. That would be a dream of a dream. Since I can’t get you a New House I’ll give you words of wisdom. Most mothers are leaders.

Leadership- allowing people to grow and become better than they are today in a particular direction to accomplish a mission.

A – Allow for organization (outline for the mind to follow)

G – Give people a focus

E – Expectations are established

N – New items can be added

D – Directs their actions

A – Allows for task complement

What happens if there is no Agenda for people to follow? It allows for people to watch and not work. Their direction is missing. Ensure you have direction in life

Happy Mother's Day

http://www.youtube.com/watch?v=D2TVmGf309Q

Two closings in one day with two great families using two different loan programs.

I had the pleasure of working with the Mitchell family to sell their home purchased under VA loan.  4408 Aspen, Killeen Tx., we were able to get an offer and put it under contract in three weeks.  I was able to help my clients locate their survey as well as put them in contact with repair people and professional cleaning people to help everything work smoothly.  Whenever you're remodeling or getting repairs I like everyone to call at least three people to compare prices.

Click here to view their video:
http://www.youtube.com/watch?v=cR2xIgUz7qA&feature=relmfu

The other family I had the pleasure of working with was the Long family.  First Time Homebuyer using the Bond program.  This is an excellent program for people having to use FHA with this program the buyer didn’t have to put down the 3.5%.  We were able to write everything up and she paid zero out of pocket. To find out more about the bond program call or email me. jneka@exithomevets.net or call 254-285-4282

View here to view her video:

http://www.youtube.com/watch?v=tX70kF_HExM

POSITIVE GROWTH

You are at your best if you are better than you were yesterday!!!

Positive Growth is surrounding youself with positive people.  Like mind people reaching towards a positive goal is always a blessing.  What are you doing right now to improve or to be better? What changes are you implementing to make you better? What books are you reading? What task are you adding to your lifestyle? Get better in your life when you overcome obstacles that hold you back.

B             Believe there is something more for you

E              Extra Effort

T              Take a risk

T              The quality support group

E              Emotional Control

R             Resilience

Failure is an option that doesn’t work

View me on YouTube: http://www.youtube.com/watch?v=mh9LmZknTRU
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