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Gibbon Penders Tip

Gibbon Pender		Buyer's Edge
725 Maybank Dr | Hendersonville, NC | 28739		Telephone: (828) 243-3908
Visit us at: www.BuyersEdgeInspections.com		Email Us: inspections-AT-gibbonpender-DOT-com

Call for your next Radon & Home Inspection
We now offer Radon Mitigation. Call today for a quote.

Gibbon Pender		Buyer's Edge
725 Maybank Dr | Hendersonville, NC | 28739		Telephone: (828) 243-3908
Visit us at: www.BuyersEdgeInspections.com		Email Us: inspections-AT-gibbonpender-DOT-com

Call for your next Radon & Home Inspection
We now offer Radon Mitigation. Call today for a quote.

www.ashevillerealestate.com

Posted at 01:33PM Nov 20, 2009 by Tim Bosonetto
Asheville Real Estate
in Market Reports  |  Comments[0]

Tax Credit

www.mortgagewnc.com 4th Quarter   Mortgage News First-Time Homebuyer Tax Credit Extended & Expanded Bill Baggett Branch Owner/Manager Primary Residential Mortgage Phone: (828)768-6402 billbaggettmortgage-AT-gmail-DOT-com
		On November 6, 2009, President Obama signed a bill into law that immediately extended the popular tax credit program offering up to $8,000 for qualified first-time homebuyers (FTHBs) into the first half of 2010. The bill also instantly expanded the program, offering up to $6,500 in tax credits for qualified repeat home buyers, swinging open the door for even more qualified homebuyers to take advantage of this valuable opportunity at a time when mortgage rates are still near historical lows. First-Time Buyers For FTHBs (defined as someone who has not owned a primary residence in the previous 36 months, prior to closing and the transfer of title), the basic rules remain the same, with one important exception – higher income limits are now in place, increasing the pool of potential buyers eligible for the tax credit of up to 10% of the purchase price or up to $8,000. This is money that does not have to be repaid as long you stay in your new home for at least 36 months. Single tax filers who earn up to $125,000 are now eligible for the total credit amount. Those who earn more than this cap (but less than $145,000) can receive a partial credit. Joint filers who earn up to $225,000 are eligible for the total credit amount. Those who earn more than this cap (but less than $245,000) can receive a partial credit.   You received this email as a result of your ongoing business relationship with Bill Baggett. While beneficial to a wide audience, this information is also commercial in nature and it may contain advertising materials. UNSUBSCRIBE: If you would like to stop receiving emails from Bill Baggett, you can easily unsubscribe. Bill Baggett Primary Residential Mortgage 1100 Ridgefield Blvd., Ste 100F Asheville, NC 28806 Powered by DB Nuture © Copyright 2009. All About News, Inc. www.ashevillerealestate.com

Posted at 08:13AM Nov 20, 2009 by Tim Bosonetto
Asheville Real Estate
in Lenders Corner  |  Comments[0]

Sellers

When the Sellers Aren't Selling Remind Them: "Presentation is Everything!" At times the sellers themselves thwart the efforts of the Real Estate Agent. Nothing can be quite as frustrating as trying to pull all the weight when someone else is adding to the burden by being uncooperative! If you have a seller who is not making sure their home is presentable to a potential buyer, remind them that, in a competitive market with more inventory than we've seen in some time, presentation is everything! By eliminating points the potential buyer may find fault with and bringing out the positive amenities, they are more likely to sell the home and get the price they are asking for. Here are just a few tips that will help them support your efforts as their representative in the transaction: Let There Be Light. Buy some 100-watt bulbs to brighten the rooms, and open curtains or blinds to let light in. Unless a window faces a brick wall or some type of eyesore, open the drapes! Garage, Not Garbage. Have a garage sale to clean out the clutter and make the garage more spacious. Your clients are moving and will need to start organizing anyway, so why wait until the last minute? Clean up oil spots in the garage or carport with a good cleanser to remove that "lived-in" appearance. The home may not be brand new, but it's new to the potential buyer. Make Scents. Get a nice potpourri air freshener, or keep some refrigerated cookie dough on hand to throw in the oven when a prospect is coming over. Make the house smell like a home. Paint-relief. Consider re-painting any areas that need to be touched up, especially the front door and entryway, and any appliances that are showing their age. Power Plants. Trim down any jungles outside, especially if they cover the house. Get rid of any half-dead houseplants. Water the lawns briefly before any visit, and keep the lawns mowed and edged. The Price is Right. Price may be a sensitive issue, but with increased inventories and declining home values in many neighborhoods, remind your clients that every shopper in a buyers' market is determined to get the best deal possible. Let them know that now is a good time to compare their house with others on the market in the same area, because the right price is the one thing that will sell their house faster than anything else. The World is Your Stage. Professional staging can help to showcase the best side of a home, create more interest, and get your clients top dollar. With increased inventories, staging could provide the competitive edge you need. These tips were derived from 33 Ways to Sell Your Home Fast!, an info-marketing booklet I use as part of my campaign to market my services to FSBOs. In many cases, people who are attempting to sell their own home eventually become frustrated and end up asking me to refer them to a professional Real Estate Agent. Let me know if you are interested in establishing a co-op marketing effort to generate listings.* * RESPA laws require Real Estate professionals to pay a proportionate amount of the costs for co-op marketing and distribution. I have negotiated fair rates for my vendors, and I believe you will find the costs are reasonable. (See http://www.hud.gov to access RESPA ruling 24CFR3500.14.)

You received this email as a result of your ongoing business relationship with Bill Baggett. While beneficial to a wide audience, this information is also commercial in nature and it may contain advertising materials.

UNSUBSCRIBE: If you would like to stop receiving emails from Bill Baggett, you can easily unsubscribe.

Bill Baggett
Primary Residential Mortgage
1100 Ridgefield Blvd., Ste 100F
Asheville, NC 28806

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© Copyright 2009. All About News, Inc.
www.ashevillerealestate.com
 

Posted at 08:06AM Nov 20, 2009 by Tim Bosonetto
Asheville Real Estate
in Lenders Corner  |  Comments[0]

Daylight Savings

It's that time of the year again; time to set our clocks back an hour, return to standard time, and "gain" an extra hour. That means this Sunday, November 1 at 2:00 am, Daylight Saving Time officially ends until its return on the second Sunday in March, 2010.

Since 2007, Daylight Saving Time has actually been four weeks longer, thanks to the passage of the Energy Policy Act in 2005. The Act extended Daylight Saving Time by four weeks in an attempt to save 10,000 barrels of oil each day through reduced use of power by businesses during daylight hours. Unfortunately, the Department of Energy (DOE) says that it's difficult to determine actual energy savings, if any, as a result of Daylight Saving Time. But, there are definitely some easy steps you can take to save significantly on your household energy bills.

Did you know that water heating can account for 14%–25% of the energy consumed in your home, especially in the coming months? According to the DOE, it's true. With this in mind, we thought we'd share with you a few of the DOE's energy-efficient water heating strategies to help you save throughout the holiday season.

Have a safe and happy Halloween – and enjoy your "extra hour" of standard time. And don't hesitate to give us a call if you'd like to invest that extra hour reviewing your mortgage options. A lot has changed in the industry recently, and you may be able to save even more money.

You received this email as a result of your ongoing business relationship with Bill Baggett. While beneficial to a wide audience, this information is also commercial in nature and it may contain advertising materials.

UNSUBSCRIBE: If you would like to stop receiving emails from Bill Baggett, you can easily unsubscribe.

Bill Baggett
Primary Residential Mortgage
1100 Ridgefield Blvd., Ste 100F
Asheville, NC 28806



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© Copyright 2009. PlatinumPro Marketing.

www.ashevillerealestate.com

Posted at 08:05AM Nov 20, 2009 by Tim Bosonetto
Asheville Real Estate
in Lenders Corner  |  Comments[0]

Mortgage Markets

After several weeks of economic announcements generally exceeding forecasts, weaker than expected labor and manufacturing data, along with comforting comments from Fed officials about inflation, helped mortgage markets this week. Reacting to the data, investors shifted funds out of the stock market and into bond markets, and mortgage rates ended the week at the lowest levels since May.

The Employment report, the biggest economic report of the month, was a little weaker than expected. Against a consensus forecast of -175K, the economy lost -263K jobs in September, and the revisions to prior months were negative as well. The Unemployment Rate was 9.8%, the highest level since June 1983. Average Hourly Earnings, a proxy for wage growth, increased at a modest 2.5% annual rate. The length of the average work week declined.

In addition to the release of important economic data, several Fed officials delivered speeches during the week. What emerged was a good amount of disagreement over how soon they expect to need to tighten monetary policy. Some officials expressed concern that the time to begin to remove stimulus is close, while others see it as much farther down the road. There was a general consensus, though, that the Fed will be required to raise the fed funds rate while unemployment remains high. When the Fed eventually does indicate that rate hikes are imminent, the immediate reaction for mortgage rates is likely to be a move higher.

Next week will be a very light week for economic data, and Treasury auctions may have a greater influence on mortgage rates. The ISM Services index will be released on Monday, and the Trade Balance will come out on Friday. Tuesday, Wednesday, and Thursday will offer $71B in auctions of 3-yr, 10-yr, and 30-yr Treasury securities. Copyright @ 2009 MBSQuoteline Thank you!

   Sincerely,

  Cameron M Lewis

 Beverly-Hanks Mortgage Services

 828-258-1945 Office

 828-231-4909 Mobile

 828-254-7202 Fax

 877-293-5946 Toll Free

Posted at 03:03PM Oct 12, 2009 by Tim Bosonetto
Asheville Real Estate
in Lenders Corner  |  Comments[0]

October Update

Mike Bryant Market Update   October 2009  Mortgage Max  828-230-3035   ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

I hope this update finds you well and prospering, unfortunately many of us in the real estate related industries have had a very difficult year with a long Winter forecasted ahead.   Today, some short and long term Survival Tools to put into action.   My last Update was basically another "doom and gloom" look at the overall real estate and lending markets and I am not sure this one will be any better or worse depending on how you look at things...."Perspective" is a big part of this Update.   When asked "How are things with your business?" what is your response?  Your response may be the biggest indicator of your next few months in the business.  Buyers and Sellers want to hear "Optimism" at any cost.  Everyone knows the market is slow and that the mortgage market is very challenging. What Sellers want to hear is optimism that their house "could" sell, not a guarantee that it "will" sell. This is a great opportunity to get the Seller to "list low and be firm".  Quality properties priced right have a good chance of attracting a "good buyers".  What is a "Good Buyer ?" That is a Good Question! Most Buyers today are not qualified to get a mortgage even though they think they are and can convince a potential Lender that they are.... Buyer's need to be carefully scrutinized, more so now than over the last 10 years because Lending has changed drastically.  If you are accepting an offer from a Buyer or the Agent working with a Buyer, please make sure you are spending the extra mile in knowing their Lendability, especially with less than 20% down payment. FHA and USDA are tightening up due to a spike in recent defaults on newly made mortgages. They are especially tougher on property conditions. We have seen continued tightening credit on Jumbo Loans (over $417,000) and limited funds available on USDA and FHA loan programs.  I would advise being extremely pro-active on "where your Buyer is applying" for a mortgage loan. I would also be reluctant to simply accept a purchase offer from any old "pre-qualified Buyer" without insisting on a mortgage loan application and pre-approval from a trusted mortgage source on the Seller's end as "part of the offer Contract to Purchase acceptance terms."  In fact I have recently seen where Seller would not accept an offer unless a mortgage loan application is specifically made with a certain Lender as a condition of Offer Acceptance. The Seller cannot require the Buyer to use a specific Lender but they can require that the Buyer make application with a specific Lender while having the opportunity to go anywhere they like for the loan. This is increasingly becoming a standard of practice similar to what we experienced during the hottest Buyer markets of the early and mid 90s when developers and Sellers had multiple prospective Buyers per available property for sale. The key is to do this without chasing off a potential Buyer.   As housing markets seem to be stabilizing Nationally in the lower price ranges (below the area Median Home Values) we still find the stock Market in a relentless Bear Rally which appears like a Bull Rally (get ready for an October adjustment or 10-15%). Greenspan has said that we have another long year for the job market as well as lackluster earnings reports. Bottom line profitability has done well except its mostly due to aggressive cost cutting and it will not continue without desperately needed Revenues. A Jobless and Credit-less Recovery? Sounds like an oximoron. What kind of recovery can we expect without Jobs or access to credit, not to mention increasing rates after this Winter, when the Fed stops purchasing Treasuries. Hopefully oil will stay low and the Middle East will not implode. Many experts fear that Isreal will bomb Iran's nuclear sites and in turn Iran will disrupt half of the World's oil shipments.   Inflation concerns have diminished  for now and they are forecasting another 12 months before inflation could become and issue. This is good for long term interest rates....... However at the same time the Fed is about to stop it's purchasing of long term Treasuries which is not good for long term interest rates. The dollars continues to loose ground to most international currencies and the IMF has been encouraging most other Members to follow the US suit and print more money to balance the hedge for inflation over the next few years. The weaker the dollar becomes then the more rapid an inflationary period we will experience starting 2010 and escalating for 3 to 5 years until long term fixed rates hit record highs similar to the last 70s and mid 80s.      As stated in the last Letter... "Adjusting to the "new market". Trends are to tighten the belt, cut extra costs, streamline marketing; efficiency and effectiveness are the new proto-call. Some real estate markets are increasing marketing fees for listings. Some are not even taking listings and only working qualified Buyers. Record number of Brokers are working out of home and leaving offices rents behind. Advertising expenses have dived off a cliff in recent months and I estimate they will not return any time soon

Mike Bryant 828-230-3035 Direct anytime! Mortgage Max 25 Years Experience ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Posted at 03:00PM Oct 12, 2009 by Tim Bosonetto
Asheville Real Estate
in Lenders Corner  |  Comments[0]

Economy Improving

Dear Valued Client,

With just minor exceptions, all of the economic data released this week beat the consensus forecast, indicating that the economy is improving more quickly than expected. While current inflation levels remain low, faster economic growth generally leads to higher future inflation, which is negative for mortgage rates. As a result, mortgage rates ended the week higher.

Early in the week, stronger than expected manufacturing and housing data convinced economists to revise higher their forecasts for economic growth, and Friday's Employment data supported the improved economic outlook. Against a consensus forecast for a loss of -300K jobs, the economy lost -247K jobs in July, and the May and June data was revised to show fewer job losses as well. This was the 19th straight month of job declines, but it was the smallest level of losses since August 2008. The July Unemployment Rate fell to 9.4% from 9.5% in June, its first decline in 15 months. In addition, wages and the length of the average workweek increased. Overall, this report revealed unexpected improvement in nearly every area.

This week's housing market data also came in stronger than expected. June Pending Home Sales rose 4%, the fifth consecutive monthly increase. Pending Home Sales are a leading indicator for future housing market activity, meaning that Existing and New Home Sales reports may show improvement in coming months. According to the chief economist of the National Association of Realtors (NAR), affordable home prices, low mortgage rates, and a rush to take advantage of the $8,000 first-time homebuyer tax credit have helped increase home sales.

Next week will be packed with major economic news. There will be a Fed meeting on Wednesday. No change in rates is expected, but the wording of the Fed's statement will be very highly anticipated. The Consumer Price Index (CPI), the most closely watched monthly inflation report, will come out on Friday. CPI looks at the price change for those finished goods which are sold to consumers. Retail Sales will be released on Thursday, and Retail Sales account for about 70% of economic activity. Another important indicator of economic activity, Industrial Production, will be released on Friday. In addition, there will be large Treasury auctions on Tuesday, Wednesday, and Thursday.

Copyright @ 2009 MBSQuoteline

Please let me know if I may be of assistance to you and your clients!!!

J

Thank you!

Sincerely,

Cameron M Lewis

Beverly-Hanks Mortgage Services

828-258-1945 Office

828-231-4909 Mobile

828-254-7202 Fax

877-293-5946 Toll Free

"Your referral to family and friends is the best professional compliment I can receive.  I’ll look forward to delivering the same exceptional service you enjoyed.”

Posted at 04:07PM Aug 10, 2009 by Tim Bosonetto
Asheville Real Estate
in Lenders Corner  |  Comments[0]

Mortgage Week In Review

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Tame inflation data helped mortgage rates move lower early in the week, but stronger than expected economic data turned them higher later in the week, leaving mortgage rates nearly unchanged from last week. The announcement of larger than expected Treasury auctions next week ($104 billion) also was negative for mortgage rates.

This week's Consumer Price Index (CPI) and Producer Price index (PPI) data indicated that inflation is not a concern in the short-term. A significant decline in energy prices from one year ago resulted in a very low annual inflation rate. Even Core CPI, which excludes food and energy, rose at a tame 1.8% annual rate. However, the benefit from the favorable inflation news was offset by stronger than expected economic growth data. In particular, the Philadelphia Fed manufacturing index showed surprising improvement. In addition, May Housing Starts rose 17% from April, while Building Permits, a leading indicator of future activity, also exceeded expectations. This week's data sets the stage for next week's Fed meeting. With inflation currently low but at risk of increasing if the economy continues to improve, the Fed may be reluctant to introduce more stimulus, opting instead to wait and see how the economy performs.

President Obama this week proposed broad new rules for regulating the financial system. One proposal under the Obama plan would create a consumer protection agency which would have the authority to set rules for the mortgage industry. The details may not be known for quite a while, as the plan now faces a lengthy debate in Congress.

With major economic data, Treasury auctions, and a Fed meeting, next week will be a busy one. Existing Home Sales and New Home Sales on Tuesday and Wednesday will provide a look at activity in the housing sector. Also on Wednesday, Durable Orders will be an important indicator of overall economic activity. Personal Income and the Core PCE inflation index will come out on Friday. There will be large Treasury auctions on Tuesday, Wednesday, and Thursday. The announcement from the Fed meeting will be released around 2:15 et on Wednesday. Investors are divided about whether the Fed's next move will be to increase or decrease the level of stimulus. Even if the Fed takes no action next week, the wording of its statement will be likely to have a significant impact on mortgage markets. Copyright @ 2009 MBSQuoteline Thank you!

 Sincerely,

 Camron M Lewis

Beverly-Hanks Mortgage Services

828-258-1945 Office

 828-231-4909 Mobile

 828-254-7202 Fax

 877-293-5946 Toll Free

Posted at 05:43PM Jun 22, 2009 by Tim Bosonetto
Asheville Real Estate
in Lenders Corner  |  Comments[0]

Mortgage Week in Review

Mortgage Week In Review

After several weeks of improving economic forecasts, weaker than expected economic data this week tempered some of the optimism for a near-term recovery, which was favorable for mortgage markets. Tame inflation data and sustained Fed purchases of mortgage-backed securities (MBS) also helped. As a result, mortgage rates fell moderately during the week.

With a full economic calendar, the biggest surprise this week was the unexpectedly weak Retail Sales report. Retail Sales account for about 70% of economic activity, and many investors were hopeful that the report would lend support to the idea that the economy is poised to turn higher. Instead, a moderate decline in the monthly data caused investors to question how quickly the economy will rebound. For mortgage markets, weaker economic activity is good news, since it generally means lower inflation. The monthly inflation reports released this week showed that inflation is not a concern in the short-term. The April Consumer Price Index (CPI) was unchanged from March, and Core CPI inflation rose at a moderate 1.9% annual rate.

The Secretary of the Department of Housing and Urban Development (HUD) announced this week that home buyers will be allowed to use the $8,000 first-time homebuyer tax credit for down payments on purchases financed by FHA loans. FHA will allow approved lenders, nonprofits, and government agencies to advance the funds in the form of bridge loans that buyers would use for down payments. Buyers would repay the loans after they receive their tax refunds. The FHA will release more details on the program soon.

It will be a light week for economic data. The FOMC minutes from the April 29 Fed meeting will be released on Wednesday. These detailed notes on the discussion at the meeting often reveal additional insight into the Fed's actions. Housing Starts will come out on Tuesday. The only other reports will be Leading Indicators and the Philly Fed index on Thursday. Mortgage markets will close early on Friday for Memorial Day weekend.

Copyright @ 2009 MBSQuoteline

Please let me know how I may be of assistance to you and your clients.  Have a great week!

Thank you!

Sincerely,

Cameron M Lewis

Beverly-Hanks Mortgage Services

828-258-1945 Office

828-231-4909 Mobile

828-254-7202 Fax

877-293-5946 Toll Free

clewis@beverly-hanks.com

 www.ashevillerealestate.com

Posted at 08:54AM May 23, 2009 by Tim Bosonetto
Asheville Real Estate
in Lenders Corner  |  Comments[0]

Are we at the bottom yet?

Market Update   May 2009 From Mike Bryant 828-230-3035 Bank of America Home Loans   The feeling is that we are soon approaching or at a long awaited "Bottom".  My personal opinion is that we are not at "the Bottom" yet but very close (90 days or less) after which "Flat" will be the new level for 12-18 months. Flat never looked so good......   As we muddle through the next several months I anticipate home values stabilizing from the bottom price tiers up. The higher the property price, the longer the time required for the housing values to stabilize. As the markets stabilize I also think we should expect interest rates to rise steadily starting in June or July of this year. The Feds aggressive actions to purchase Treasuries with help maintain lower rates for 1 to 2 more months at best after which they will have to let the markets price them selves without Fed intervention. This is when I believe will see the rates start to inch up.   We are still forecasted as in a deflationary environment for the next several months. Inflationary fears should not come into play until Spring 2010. However I am seriously wondering if inflation is not already playing into the markets with regards to commodities and market stabilization. In other words, perhaps the markets would already be 10-20% lower if inflation were not taking some effect on slowing deflation???  I am not sure if this is politically incorrect but that's how I see it.   Adjusting to the "new market". Trends are to tighten the belt, cut extra costs, streamline marketing; efficiency and effectiveness are the new proto-call. Some real estate markets are increasing marketing fees for listings. Some are not even taking listings and only working qualified Buyers. Record number of Brokers are working out of home and leaving offices rents behind. Advertising expenses have dived off a cliff in recent months and I estimate they will not return any time soon. I spoke to a Broker recently who leased their office to work at home $1,000. mo., let his assistant go $1,200 mo., cut advertising $1,200. mo., refied 3 properties at lower rates $600. mo and stopped eating out $1,200 mo That is a monthly savings of  $5,200 month or $62,400 annually which is equivalent of a $100,000 per year salary job after taxes. You may ask... "Is he speaking about me?".    Current 30 year Fixed Rates 4.75% 1 point Origination   $500 off Borrowers Closing fees on Purchase Mortgages.   Please call me if you have any questions or wish to discuss matters concerning you or your clients.   Mike Bryant 828-230-3035 Direct anytime!

www.ashevillerealestate.com

Posted at 08:52AM May 23, 2009 by Tim Bosonetto
Asheville Real Estate
in Lenders Corner  |  Comments[0]

Continued Dedication

Countrywide Bank NA Mike Bryant  828-230-3035 Direct Anytime!  ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~      Please allow me to extend my personal hand of professional courtesy as well as friendship to you,  your firm, Associates and clients. I believe that your continued dedication and service to the real estate industry and our community have been outstanding and deserve great admiration. I respectfully send you this letter letting you know that I would feel both honored and complimented in being able to establish, maintain and grow and strategic alliance with you through my Lending services with  Countrywide Bank,  a fully owner subsidiary of the Bank of America  and operating as "Bank of America Home Loans  after April 22, 2009. I can assure you the most comprehensive services available in the Banking Industry today from the Area's  and Nation's number one loan originator for all Conventional, Fannie Mae, Freddie Mac, FHA, VA and all other Govt loan  (FHA and VA) programs in the Country. I want to make it  my direct objective to contribute to your firms professional success starting today.  By assisting you and your agents we can forge a lasting alliance ensuring growth and success. I work hands on with all clients loan needs  from start to closing and work with the most professional local, in - house underwriting and closing staff in the Asheville Region. Countrywide's operations have become the new front end systems for the Bank of America  Home Loans with the final name change completed April 22, 2009 after which the name Countywide will be officially retired.  The current market changes have made it more important than ever to establish the proper strategic alliances with the type business leaders that will survive, grow  and prosper in the years to come. I believe in a mutually beneficial partnership with the business leaders that I would like to invest my  focused working hours with over time and help re-establish the real  estate community in the Asheville Areas. Real Estate and Lending is like air and breathing, without one the other is useless. The key to success in our business will be the people that make it happen and do the work; one person at a time, one client at a time.  I am very confident and encouraged that you will be more than satisfied with the new Lending programs and capabilities of a Lender the magnitude of Bank of America Home Loans combined with the most cutting edge mortgage  platform in existence, Countrywide. Our market dominance and ingenuity in Lending will be unsurpassed by anyone in the industry and the marketplace....that's my guarantee to you. We not only implement and launch all new Federal loan  programs directly for the Fed but have direct control of our loans at all times. This means that we do not close a loan  and end our relationship with the client, instead this is where our relationship begins. Nobody in our industry recognizes the value of a client more than the  Countrywide Bank and Bank of America,Home Loans  .....that's my second guarantee! We are a direct source Lender and our Service, Rates and Fees will not be beat by anyone in the Marketplace. I do not ask that you abandon any existing lender relationships, just that you keep us in mind as one of your top  3 choices for consideration in your Lending needs. "Shop until you drop" but I'll be in the top! I have been in the real estate and mortgage business over 22 years now ! ....my how time flies. That's at least 3 recessions. I am the son of two Realtors who grew up in real estate during the early 70s in New England.  I have made a study of the 70s financial markets to current and those of the 30s and 40s as well. We have never seen the likes of this type market. The change will create new demands, challenges and strategies as well as the need for stronger  more lasting alliances such as ours . Personal service combined with innovation and technology will enable us to serve the client like never before in History.   Together, we will forge gracefully forward in months ahead and I intend to help as many people as possible achieve success and prosperity.    Let's work together. Consider me at your service. Always consider me and our entire office team available to serve any of your Lending needs. Call me any time with questions or to visit your office to speak for a few moments at your sale meeting. My goal is to inform, inspire and motivate.   Mike Bryant 230-3035 Direct anytime!

Mike Bryant  828-230-3035 Direct Anytime!   Mortgage Loan Specialist over 20 years

www.ashevillerealestate.com

Posted at 08:51AM May 23, 2009 by Tim Bosonetto
Asheville Real Estate
in Lenders Corner  |  Comments[0]

Ciel Pavilion

At Ciĕl, we designed our amenities to be a natural extension of the existing landscape. Nature is the ultimate amenity; everything we’ve added is done so to help residents connect with the environment.

The centerpiece is an open-air pavilion measuring almost 30 by 40 feet. With an eight-foot overhang, the pavilion will become a focal point for seasonal events, family gatherings and impromptu get-togethers.

It is also an understated architectural wonder that eloquently expresses both the attention to detail and commitment to natural beauty that are the hallmark of the community.

Around the pavilion is an active organic garden for colorful home-grown flowers and tasty vegetables, a fire pit perfect for warming up on a cool fall evening, and a playground that seems to have sprung from the boulders and logs themselves – just the thing to spark the imaginations of budding naturalists.

From here, and running throughout the 117-acre property, a network of private trails offers access to scenic views, picnic nooks, and secluded spots ideal for yoga, meditation or quiet contemplation.

www.ashevillerealestate.com

Posted at 08:48AM May 23, 2009 by Tim Bosonetto
Asheville Real Estate
in New Developments  |  Comments[0]

Ciel

573 Elk Mountain Scenic Highway

This luxury mountain home offers dramatic vistas of downtown Asheville and the Blue Ridge Mountains. The rustic exterior is dressed with warm textures, such as authentic stone and shake-shingle accents. This home, designed by architect Ken Pieper, features more than 2,000 square feet of outdoor living space. NC HealthyBuilt Homes certification ensures that your home is designed to conserve energy and provide a healthier environment for your family. In fact, this home has been named a finalist for the National Association of Home Builders’ Green Awards.
• $3,499,999
• 4,460 heated square feet
• More than 7,000 square feet
   under roof
• 4 bedrooms
• 4 full baths, 2 half baths
• 3.62 acres

Click image for larger view Main Level

Green Feature: A roof of terra cotta tiles handcrafted in North Carolina will last for 75 years or more and significantly reduces landfill waste.
Green Feature: The home’s large timbers are certified “standing dead” and harvested from Xat’sull First Nations Community Forest, reducing the use of live trees.
The hand-carved, 3-inch, solid-wood front door gives way to an impressive, 21-foot ceiling that showcases the home’s signature light tower.
A floor-to-ceiling masonry fireplace serves as an impressive focal point for the great room. That is, if you can take your eyes away from the stunning mountain views.
The gourmet kitchen is equipped with state-of-the-art Wolf®, Thermador® and Bosch® appliances. The adjacent dining room will serve as a great setting for casual family meals or lavish dinner parties.
Green Feature: Reclaimed wood floors are used throughout the home, salvaged from a historic cotton mill in Clinton, S.C., and an abandoned barn near Huntington, W.Va.
You’ll find high-end finishes throughout the home, including Rocky Mountain™ hardware, upgraded trim and hand-forged iron stair railings.
The owners’ suite features a 13.5-foot vaulted ceiling, and access to the observation deck to take in the stunning views of Mount Pisgah.
Relax in the lap of luxury in the owners’ bath, with its large BainUltra® therapy tub, dual-entry walk-in shower, individual vanities and walk-in closets.
Green Feature: American Clay Earth Plasters cover the walls in more than 60 percent of the home. Earth Plasters are nondusting, mold- and fade-resistant, repairable and moisture-controlling.
Enjoy the crisp mountain air year-round on the screened porch.
A covered observation deck spans across the rear of the home, offering views of downtown Asheville and the Blue Ridge Mountains.

The lower level features three bedrooms with private baths and walk-in closets. One bedroom is perfect for guests with its deck access and private bath with dual vanities and a steam shower.
Green Feature: All interior doors are made from FSC-certified, Euro Beech trees grown in a managed forest.
The family room offers a great place for enjoying a movie. It is pre-wired for Dolby® surround sound.
Serve refreshments from the adjacent wet bar. The wine cellar offers convenient storage for up to 1,100 bottles of your finest wine.
Green Feature: A Rinnai® tankless water heater system provides a continuous flow of heated hot water, reducing energy and water consumption substantially.
The expansive covered patio provides ample space for entertaining. The backdrop of the Blue Ridge Mountains is a sure crowd-pleaser.
© Ciĕl 2009

Posted at 08:41AM May 23, 2009 by Tim Bosonetto
Asheville Real Estate
in New Developments  |  Comments[0]

By Mike Bryant

Market and Mortgage Update   Mike Bryant / Countrywide Bank   828-230-3035 Direct Anytime!   I am getting lots of calls and questions on current rates.   For your convenience I will start a bi-monthly rate quote highlighting the main programs only.   You may always feel free to contact me anytime with specific questions Regarding specific scenarios or ones that may deviate from standard Conditions for one reason or another.   Rates Effective April 6th Conforming Loans (<$417,000) 30 year fixed have been hovering from 4.375% to 4.5% Jumbo loans (>$417,000) 30 year fixed is settling around 5.75%   FHA No Credit Score requirements (Max $ amount varies by County Buncombe is $307,000) rates average around 5%. Standard FHA Funding fees average around 3% (not including Origination or Discount points, optional for Seller to pay funding fee). Due to high LTV house must be in very good condition and meet code. Doublwides and on rail modulars do qualify (with permanent foundations and block skirting).   VA averages around 5% as well (mandatory for Seller to pay 3% finding fee)   100% USDA Rural Housing Loans , Alive and well funded 6.99 % (MI Built in) on a 30 year fixed. Maximum income allowed in Buncombe County $42,000 to Qualify Maximum Housing Ratio 36% Max total debt Ratio 43% which caps PITI at about $1,260 monthly (including regime fees on Condo PUDs if applicable) for a $42,000 wage earner (or total Household income). This would cover approx $160,000 house in the County with $100 monthly property taxes and $60 monthly homeowners insurance.  In the Asheville City limits this would come out to approx $150,000 with $200 monthly property taxes and $60insurance (if there    is such a house). Due to 100% LTV house must be in very good condition and meet code. Doublwides and on rail modulars do qualify (with perminant foundations and block skirting).     New Rules Effective April 1 2009 / Heads Up!   NEW, HASP, Homeowner Assistance Stability Program will be launched May 1 2009 offering mortgage relief to many who cannot qualify for debt restructuring under current conventional guidelines. This will not apply to those who do qualify for conventional loan...so my advise is, should you qualify for a low rate refinance now then go forward and secure your rate. Do not miss these historically low rates in hopes of getting a HASP loan later. The guidelines will be different and you must need the assistance to qualify! Should be very beneficial to Borrwers who got into mortgages under stated and cannot requalify today to take advantage of the current low rate market. Also great Govt. backed alternatives to 96.5% FHA, 100% VA and 100% USDA Rural Housing.   Borrowers with < 680 credit score will not qualify for Mortgage Insurance thus are limited to < 80% Loan to Value (LTV) on Purchase and Refinances (Seller seconds not allowed). FHA may still consider those >80% LTV    No cash out allowed on any 1-4 unit Non-Owner Occupied property refinances.   Soft Market Conditions (anticipated as a possibly this Summer in certain areas) All Loan LTV Guidelines will be reduced by 5% including loan amounts allowed (80% becomes 75%) and Appraised Values will be reduced by 5% ($250,000 becomes $ 237,500). Where a loan was 80% on a $250,000 Purchase for $200,000 would then be 75% of $237,500 for max loan of $190,000 .   Buncombe and Henderson Counties still look solid although in my opinion we are seeing some areas around us soon go "soft market". Regionally speaking we are seeing areas in Charlotte, Atlanta, Raleigh, and Greensboro already at level 2 soft market which is a 10% appraised value reduction and a 10% Program perameter reduction on LTV requirements.   Selling Assistance #1 Marketing Tool working Sellers concessions to pay from 3-6% of Buyers fees and rate buy downs are huge for this market. 3 points paid by the Seller with the Buyer paying 2 gets a            3.875% 30 year fixed rate! This helps sell a house! Program and fee limitation apply. That's $470. per mo. PI per $100,000. !   Please contact me if you have any questions. I take calls Monday - Sat 9am to 9 pm   Mike Bryant 230-3035 Direct anytime!

Contact Information Mike Bryant Countrywide Bank  828-230-3035 Direct Anytime!

www.ashevillerealestate.com

Posted at 07:01PM Apr 16, 2009 by Tim Bosonetto
Asheville Real Estate
in Lenders Corner  |  Comments[0]

By Cameron Lewis

Dear Valued Client,

Despite a second straight week of large Fed purchases of mortgage-backed securities (MBS) and weaker than expected economic data, mortgage rates were unable to move any lower, ending nearly unchanged from last Friday. With mortgage rates at historically low levels and with the industry facing capacity constraints, significant further improvement may be difficult to achieve. In addition, while current economic conditions remain weak, some investors now believe that the economy and the stock market have already bottomed, which could lead to higher inflation and higher rates down the road.

While forecasts vary for the second half of the year, there is no disagreement that the job market is currently performing poorly. Friday's Employment report revealed that the economy lost slightly more jobs than expected in March, and the Unemployment Rate jumped from 8.1% to 8.5%. The labor market is typically a lagging indicator of the strength of the economy, meaning that it may take longer to turn around than other sectors of economic activity.

Following last week's rise in New and Existing Home Sales, this week's news from the housing sector was also positive. February Pending Home Sales, a leading indicator for the housing market, rose 2% from January, suggesting that future New and Existing Home Sales reports may show gains as well. Also, according to the National Association of Realtors (NAR), home affordability reached a new record high. With low mortgage rates, affordable homes, and a first-time homebuyer tax credit, conditions in the housing market are favorable for an increase in activity.

The Economic Calendar will be light next week. The FOMC minutes from the March 18 Fed meeting will be released on Wednesday. These detailed notes on the discussion at the meeting often reveal additional insight into the Fed's actions. Import Prices and the Trade Balance will come out on Thursday. Treasury auctions will take place on Wednesday and Thursday.

Copyright @ 2009 MBSQuoteline

Thank you!

Sincerely,

Cameron M Lewis

Beverly-Hanks Mortgage Services

828-258-1945 Office

828-231-4909 Mobile

828-254-7202 Fax

877-293-5946 Toll Free

www.ashevillerealestate.com

"Your referral to family and friends is the best professional compliment I can receive.  I’ll look forward to delivering the same exceptional service you enjoyed.”

Posted at 06:59PM Apr 16, 2009 by Tim Bosonetto
Asheville Real Estate
in Lenders Corner  |  Comments[0]