News You Can Use from Gary Moore

Weekend Market Update

Jan. 16-17, 2010

Look out for yourself at this point. Think selfishly for now. Answer this question:

How can I take advantage of the market at this moment? “The market” involves financing real estate, buying and selling real estate and the U.S. Treasury’s gifts to homebuyers.

This may never happen again in our lifetimes---this combination of circumstances, or this “perfect storm,” to borrow a phrase. There is a deadline.

It affects more than first-time homebuyers, who can get up to $8,000 if they buy a home. It offers $6,500 for move-up buyers who purchase up to $800,000 in price. “First-time buyers” is not a literal definition; anyone who has not owned a home in the last three years is considered a first-time buyer.

For a buyer, what more do you need to know, other than prices are low, inventories are plentiful and mortgage rates are in the range of all-time lows?

For a prospective seller, could this be good timing for marketing your home? When first-timers buy, there is a ripple effect up through the market as those sellers get their equity freed up and are enabled to buy, and so on. With the incentive expanded up to $800,000 and including current homeowners, that ripple could become more like a big wave.

Home sales shot up last fall as buyers scrambled to meet the former deadline of Nov. 30. So, we have seen that these incentives can move the market.

The program has been reinstated, while rates are still low, and includes anyone who puts a contract on a home by April 30 and who closes by June 30.

What are you waiting for? Call me for the following:

1—To get pre-approved to buy and to discover the best program and strategy to deploy next.

2—To give you a free refinance scenario, to see if it makes sense to stay put and refinance to get cash out at low rates, or to change to a 15-year term, or to make any type of change that would enhance your financial picture going forward.

3—If you are a seller, to show you the financing options that would help you sell for the most money in the shortest time frame.

30-Year Conventional Fixed

4.75% $100,000-$417,000


FHA-100% VA

5% $100,000-$393,300


100% Guaranteed Rural Housing w/no MI

5.5% $100,000-$417,000

30-Year Jumbo 5/1 ARM (15% down, No MI)

5% $417,001-$900,000

(Interest-only available-Call me)

Call for free pre-approval and to discover

the best financing for you!

...by Gary Moore

Cell: 615-579-8658 Toll-free fax: 866-321-6513

"Buy when everyone else is selling, and hold until everyone else is buying. This is not merely a catchy slogan. It is the very essence of successful investing." - J. Paul Getty

Visit my mortgage website:

http://www.BrentwoodHomeLoan.com

(0% points, 1% origination, subject to program and lock period. Market Update informs on market trends and is not a quote for a unique borrower.)