Delores Campbell St Louis Homes For Sale St. Louis Real Estate

The month of December saw a decrease in the number of homes sold compared to the month of November. Property sales were down 16.7%. The good news is in 2011 we saw more homes sold in the Eureka High School area than in 2010! 344 properties sold in 2011 compared to 291 in 2010.

Want to know what’s going on in your neighborhood? Call me today and I can provide you with the information.

The month of December saw an increase of homes sold compared to the month of November. Property sales were up 58.3%! Homes are selling in the Marquette High School area! Want to know what’s going on in your neighborhood? Call me today and I can provide you with the information.

Property sales for the month of December were up 58.8% from the month of November. Homes are selling in the Lafayette High School area! Call me today for a detailed report of what’s going on in your neighborhood!

What is a Mortgage Good Faith Estimate?

One part of the homebuying process is applying for a home loan. When you apply for a home loan, a lender is required to provide you with a mortgage good faith estimate (GFE) within three days of application. The GFE is a summary of the costs and expenses that the borrower will have to pay at the time he or she closes on a property. The GFE has recently become a standardized document so all lenders use the same document. This enables the consumer to shop and compare fees from various lenders before choosing a mortgage. Here is a sample of a good faith estimate. Below are examples of fees that you will find on the GFE.

Common GFE Terms and Fees:

Loan origination fee - This fee is charged to the borrower for making the loan.

Appraisal fee - The appraisal fee covers the property appraisal, which determines the value of the home.

Processing Fee - This is a lender fee for reviewing loan paperwork.

Underwriting Fee - This fee covers the cost of underwriting your loan.

Title Fees - Fees that cover the services of the title company, which handles the closing of your loan.

Recording Fee - This fee goes towards creating a public record of legal ownership for you on your home.

Prepaid Interest - Interest due on your loan from date of funding to the end of the month.

Escrow Fees - Escrow fees are held by the lender in order to pay your future insurance and tax fees.

VA Funding Fee - Unique to VA Loans, this one time fee is rolled into the total loan amount.

If you are interested in learning more about the St. Louis Real Estate market including St. Charles County, don’t hesitate to call me.

Why Should You Invest in St. Louis Real Estate

Investing in real estate just might produce more profits than investing in the stock market. Real estate can generate large returns if you find the right house at the right price. You can fix up the propertyand rent it out often for at least the same amount as the mortgage on the house but more than often, rent it out for even more than the monthly mortgage. Rent prices in St. Louis are on the rise so chances are you will get more in rent than what the monthly mortgage payment would be. There are some great property deals and interest rates are still low so this is a great time for you to consider adding a rental property to your portfolio.

Here are just a few properties that you might consider. Call me today to check out these opportunities or to get more information on investment properties.

These properties are currently active as of January 1, 2012.