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Marc Iafrate, MBA - Raleigh NC Real Estate

Is now a Good Time to Refinance my Loan?

Mortgage rates are near all time lows, so you may be able to cut your mortgage payments by refinancing.

In order to get the best rates, you need a credit score of 740 or higher and at least 20% equity in your home.

But even if you don't qualify for the BEST rates, you can still LOWER your payments and SAVE MONEY.

The key to whether refinancing makes sense is how long you intend to stay in your home so that your monthly savings offset the COSTS of refinancing.

To quickly see if refinancing makes sense for you, use the Worksheet below.

Step 1: Current Monthly Payment $____________

Step 2: Your New Monthly Payment $____________

Step 3: Calculate your Savings - Subtract (Step 2) from (Step 1) $____________

Step 4: Estimate the Refinancing Costs - Roughly 2% of the Loan Amount $____________

Step 5: Divide (Step 4) by (Step 3) $____________

If you plan to live in your home longer than the number of Months Calculated in Step 5, you will SAVE MONEY if you refinance to a lower rate.

If you want a personalized calculation, please contact us. We can put you in touch with some of the area's best lenders.

Call us at (919) 314-7797 or visit our website www.SearchRaleighRealEstate.com for more information.
__________________________
Marc Iafrate , MBA
Coldwell Banker HPW Broker, Trusted Advisor
(919) 314-7797
www.SearchRaleighRealEstate.com

We hope you enjoy this blog as much as we enjoy bringing it to you. We welcome your comments. If you are planning on buying or selling a home in the Raleigh area, we have you covered. We have all the resources and knowledge to make your real estate transaction worry free!

Is now a Good Time to buy a Larger Home?

With home prices dramatically lower from their peak several years ago, now may be a GREAT time to buy a larger home.

The fact is, you may get less for your current home, but the money you save on purchasing a larger home should more than make up for that difference.

And, it is easier to sell a starter home now with the $8000 First Time Homebuyer Tax Credit.

So now may be the PERFECT time to trade up to a larger Home. But before you make that decision, consult with a REALTOR. Since every market is different, you want to make sure you have a local expert on your side providing you with the BEST advice so you can make the BEST decision.

Call us at (919) 314-7797 or visit our website www.SearchRaleighRealEstate.com for more information.
__________________________
Marc Iafrate , MBA
Coldwell Banker HPW Broker, Trusted Advisor
(919) 314-7797
www.SearchRaleighRealEstate.com

We hope you enjoy this blog as much as we enjoy bringing it to you. We welcome your comments. If you are planning on buying or selling a home in the Raleigh area, we have you covered. We have all the resources and knowledge to make your real estate transaction worry free!

How to Save Money on your Insurance with these Easy Tips

Has your home insurance gone up dramatically in the last couple of years? If so, you are not alone. Over the past five years, home insurance rates have gone up nearly 25%!!!!! And more increases are expected this year.

If you want to save money on your home insurance, try these simple tips.

1) Combine your Homeowner and Auto Insurance policies - you can save up to $300.

2) Install Deadbolt locks - savings about $50.

3) Install a central burglar and fire alarm - savings about $350. For additional savings, consider having your alarm monitored.

4) Raise your deductible. Increasing your deductible from $250 to $1500 can produce savings of up to $300 for the average homeowner.

THE NUMBER 1 tip for saving on your Home Insurance policy - Get Quotes from Multiple insurance companies every 2 years. Rates for insuring your home can vary dramatically among insurers so it pays to Shop around.

Call us at (919) 314-7797 or visit our website www.SearchRaleighRealEstate.com for more information.
__________________________
Marc Iafrate , MBA
Coldwell Banker HPW Broker, Trusted Advisor
(919) 314-7797
www.SearchRaleighRealEstate.com

We hope you enjoy this blog as much as we enjoy bringing it to you. We welcome your comments. If you are planning on buying or selling a home in the Raleigh area, we have you covered. We have all the resources and knowledge to make your real estate transaction worry free!

Proposed Home Plan to Help the Unemployed

When you have no income due to unemployment, refinancing a home is just about impossible. U.S. Representative Barney Frank, a Massachusetts Democrat, chariman for the House Financial Services Committee, is making a $2 billion proposal that would provide much needed assistance.

Under this program, the money would be used so that people in this situation don't lose their homes.

"There has to be a reasonable likelihood that the home owner will be able to resume making the mortgage payment without state help,'' said Brian A. Hudson Sr., the chief executive of the Pennsylvania Housing Finance Agency, also noting that the assistance is temporary.

About $1 billion would be used to build affordable housing, $1.5 billion would be used to redevelop foreclosed and abandoned homes, and $2 billion that would be used to protect tenants in apartment buildings when the owner is facing foreclosure.

Call us at (919) 314-7797 or visit our website www.SearchRaleighRealEstate.com for more information.
__________________________
Marc Iafrate , MBA
Coldwell Banker HPW Broker, Trusted Advisor
(919) 314-7797
www.SearchRaleighRealEstate.com

We hope you enjoy this blog as much as we enjoy bringing it to you. We welcome your comments. If you are planning on buying or selling a home in the Raleigh area, we have you covered. We have all the resources and knowledge to make your real estate transaction worry free!

Join us for 2 Open House Events this Sunday in Guard Hill subdivision, Raleigh, NC

Raleigh, NC Open House, by your Raleigh Realtor, Marc Iafrate, MBAJoin us for this special opportunity to view 2 great homes in Guard Hill this Sunday, July 12, 2009 from 2-4pm.

Where?
4919 Great Meadows Court, Raleigh, NC 27609
and
4913 Great Meadows Court, Raleigh, NC 27609

4919 Great Meadows Ct
1 1/2 Story
Residential
3900 sqft
MLS® $475,000

4913 Great Meadows Court
1 1/2 Story
Residential
3900 sqft
MLS® $600,000

View all the details of these homes, pictures, virtual tours, maps, and much more on our website, www.SearchRaleighRealEstate.com, or better yet, Call Us Today at (919) 314-7797

__________________________
Marc Iafrate , MBA
Coldwell Banker HPW Broker, Trusted Advisor
(919) 314-7797
www.SearchRaleighRealEstate.com

We hope you enjoy this blog as much as we enjoy bringing it to you. We welcome your comments. If you are planning on buying or selling a home in the Raleigh area, we have you covered. We have all the resources and knowledge to make your real estate transaction worry free!