Linnea Lavell

RE/MAX International, Inc. proudly recognizes Linnea Lavell for five years of service with the RE/MAX Network.

The award was presented to Ms. Lavell by Joe Bugg from the Broker & Management Team of RE/MAX First Realty II at their monthly office meeting.

"We at RE/MAX would like to thank Linnea for the commitment and skill these five years represent. She is highly valued as a vital contributor to the ongoing success of our network. "

RE/MAX Associates enjoy Agent Training on Demand through RE/MAX University on Mainstreet, the members' resource site. With streaming video education available 24/7 at their desk or laptop, RE/MAX agents can earn advanced designations, take classes on Internet marketing and computer applications without the time or expense of travel.

Bill Williams, Broker, RE/MAX First Realty II said "We've seen how she handles clients, and the quality of professionalism she demonstrates in every phase of customer service. Since she has the added benefit of the worldwide RE/MAX branding power, and more national television, radio and print advertising than all our competitors combined, the sky is his limit."

Ms. Lavell's office is at RE/MAX First Realty II, located at 2831 Eldorado Pkwy., just two doors down from Starbucks, can be reached by calling (972) 294 4545, or visiting

http://www.linnealavell.remax-texas.com

The RE/MAX franchise network is a global real estate system with more than 7,000 independently owned offices engaging 113,000 member sales associates who lead the industry in professional designations, experience and production while providing real estate services in residential, commercial, referral, relocation, and asset management. Local community involvement is important to RE/MAX members who participate in thousands of local charitable causes and have raised more than $70 million for Children's Miracle Network. RE/MAX is also a major sponsor of the Komen Race for the Cure Survivor Program. For more information visit www.remax.com

*Each office independently owned and operated.

As everyone knows the market has been moving at an unprecedented pace. The big news of the week is the Bush administration has announced to use 250 billion of the 750 billion bailout bill recently passed by Congress. The money will be used to purchase stock in 9 of America's largest financial institutions. This has added much needed confidence. The market rallied Oct 13th with gains of 936 point on the Dow moving up 11%. Is this the end? There are still some major hurdles to overcome but things have finally begun to turn in the right direction.

How does this affect the rates and mortgages? This plan should stabilize the banks with relief from the bad mortgages and free up money to lend on new mortgages. Although it seems harder to obtain a mortgage these days, it is still a great time to buy. Rates are still below the yearly moving average. Prices are low. Down payments are still minimal. FHA and VA mortgages have yet to get hit with any major changes.

The United Stated Department of Ag (USDA) has introduced a loan product that still offers 100% financing with all closing cost rolled into the loan. This loan mirrors the FHA with down payment assistance. Although it is focused on Rural areas it works in more areas than it leads onto. This product is a great alternative to getting into a home with no money down. There are no fico requirements and loan size restrictions with the USDA loan. Every borrower is reviewed on a case by case basis.

Bottom line...before you postpone your next move based on news that the media is delivering, check with us to see how we may help you clear some of the current hurdles!

Information provided courtesy of Tony Ferrari with PrimeLending, A PlainsCapital Company. For more information contact Tony at 972-728-0131 or Linnea Lavell with RE/MAX First Realty at 214-280-5900.