Stephen Kendrick

Thanks Dave for this great information:

Quite often I hear from clients that another mortgage company or bank tells them that 2^nd mortgages do not exist. This is usually because that company is not approved to do them or chooses to not do them. But I promise they do exist. Why would a buyer choose to do a 2^nd mtg:

• Avoid mortgage insurance. Many times avoiding mortgage insurance is beneficial for a couple reasons: a lower payment and the interest is tax deductible. Over the long term mortgage insurance is not tax deductible.
• They have a home to sell and do not have the 20% down payment. So they take a 2^nd mortgage and pay it off after their home sells.
• Avoid a Jumbo Loan. Jumbo loans offer higher rates. The buyer could break their mortgage into 2 mortgages. The first mortgage of $417k and a 2^nd mortgage the remainder. This would allow them to avoid that higher Jumbo Rate.
• The 2^nd mortgage maybe more flexible then the underwriting of a Mortgage Insurance Company

Now for things to keep in mind for 2^nd mortgages:

· The client must have very good credit(680+)
· The rates range from 6.99% to 8.99%(depending on credit score, down payment, etc)
· If they plan on paying the 2^nd mortgage after selling their house there is a 1% penalty(of the loan amount)
· The 2^nd mtg can be from $10k to $100k

Please call me with any questions.

Thanks again,

David Krichmar
Mortgage Banker/Broker
Moncor Mortgage Bank
cell:832-689-6012
fax:832-204-3353

David.Krichmar@gmail.com
www.DaveYourMortgageGuy.com
"Helping You Thru the Whole Process"

If you are looking for property in Southwest Houston, Including Sugar Land, Richmond, Rosenberg, Missouri City, Katy or any area inbetween, contact Stephen Kendrick at stephen@stephenakendrick.com. Stephen is a REALTOR® in Houston, Tx speciallizing in Residential properties in Sugar Land, Richmond, Rosenber, Katy and surrounding areas. Contact Stephen today.

MARCH-2010 Newsletter Housing Trends eNewsletter

Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.

The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau and Realtor.org reports, videos, key market indicators and real estate sales statistics, a video message by a nationally recognized economist, maps, mortgage rates and calculators, consumer articles, plus local neighborhood information and more. </ br></ br> Please click here to view the MARCH-2010 Newsletter Housing Trends eNewsletter.

If you are interested in determining the value of your home, click the Home Evaluator link for a free evaluation report.

Pulte opens new patio home model in Telfair

Pulte Homes has opened a new decorated patio home model which expands the variety of price ranges and new-home styles offered in Sugar Land's Telfair master-planned community, ranked third in greater Houston for new-home sales.

Located in the patio home section of Telfair, Pulte's new model showcases the builder's Carriage Collection, a group of one-story floor plans priced from $245,000 to $277,000. Ranging from 1,759 to 2,706 square feet, these Pulte plans offer three and four bedrooms, and most plans include a family room, a study, and a flex space that can be used as an additional living area or bedroom. These plans also include one or more spacious side courtyards accessible through French doors, adding more light to the open interiors.

Outside, the architecture is classic and traditional, with each plan offered in three styles. Design hallmarks include covered front porches, high-pitched rooflines, and combinations of stone, brick and stucco. Two- and three-car garages are standard, per plan.

These new Pulte designs are offered on 50-foot homesites in a Telfair neighborhood designed to offer homebuyers a low-maintenance lifestyle, with convenient services such as front yard maintenance provided by a special neighborhood association.

The neighborhood has an interior lake lined with parks, and many homesites offer views of water and open space. The Palmetto House, a private amenity reserved for neighborhood residents, is situated on a waterfront site and provides indoor and outdoor spaces for parties and events. Residents also have access to approximately 300 acres of recreational amenities planned for Telfair, including a 70-acre central lake system and the new Telfair Central recreation complex.

Other homebuilders offering patio homes in Telfair include Newmark Homes Houston, David Weekley and Ryland.

"Patio homes have been a very popular product in Telfair since this neighborhood was first introduced, and we are very excited to add Pulte, now the nation's largest homebuilder, to our group of patio home builders," said Heather Gould, marketing director for Newland Communities. "Pulte's Carriage Collection floor plans are all brand-new designs, and they offer Telfair homebuyers many innovative features, such as interior courtyards, flex spaces and front porches."

Gould said variety has been key to the rise in new-home sales in Telfair, with patio homes appealing to a diverse group of buyers ranging from young professionals to empty-nesters. Overall, Telfair offers new homes priced from the $240,000s to over $1 million, with other products including traditional single-family homes and luxury homes.

Metrostudy, a Houston-based housing research firm, ranks Telfair third in greater Houston for the first three quarters of 2009. For 2008, Telfair ranked sixth nationally for new-home sales in a study completed by the RCLCO real estate advisory firm. To date, new-home sales in Telfair are 5% ahead of last year's totals, Gould added.

A 2,018-acre community located at U.S. 59 South and University Blvd., in the Fort Bend Independent School District, Telfair is home to the Houston Museum of Natural Science at Sugar Land, which opened earlier this fall in a restored historic building donated by Newland Communities. The museum is part of the Telfair Central complex, which also includes a swim center and a future community hall and recreation building planned to open in 2010.

For more information, visit www.telfair.com.

About Telfair

Telfair, a Sugar Land, Texas master-planned community, is located approximately 25 miles southwest of downtown Houston. This 2,018-acre community offers new Houston, Texas homes for sale at prices from the mid $200,000s to over $1 million. Opened in 2006, Telfair has about 1,400 homes and upon completion in 2014 is planned for approximately 2,800 homes. Telfair homes are offered by leading homebuilders including Beazer, Darling, David Weekley, Highland, Huntington, Meritage, Newmark, Partners In Building, Perry, Pulte, Ryland, Trendmaker, Wilshire and Village Builders. Telfair homes are surrounded by 300 acres of recreational amenities, including 70 acres of lakes, numerous neighborhood parks, miles of greenbelt trails and the 25-acre Telfair Central recreation complex. Telfair is located at U.S. 59 South and University Blvd. in the top-rated Fort Bend Independent School District.

Stephen Kendrick is a Realtor specializing in the Sugar Land master planned community of Telfair. Contact Stephen today for more information on Sugar Land area attractions or Telfair neighborhood information. You can reach Stephen by email at stephen@stephenakendrick.com or visit his website at www.stephenakendrick.com.

If you're at least 30 days behind on your mortgage, then your mortgage company is willing to consider completely forgiving a significant portion of your mortgage debt (provided you go through the proper process). The portion they forgive, under H.R. 3648, is NO longer counted as personal income and CANNOT be taxed by the federal government!

So if you are behind on your mortgage, I'd like to introduce you to the light at the end of the tunnel...Program 3648. Program 3648 is a free nationwide initiative whose mission is to:

1. Help homeowners receive the mortgage debt forgiveness this new law encourages.
2. Rescue as many homeowners from public foreclosure as possible.

You'll be pleased to know that under PROGRAM 3648:

1. You receive all services, consultation, and information absolutely FREE. Guaranteed!
2. You're assigned a certified program administrator to do all the work for you.

I am actually the certified program administrator in Fort Bend County assigned to do all the work for you. I can help you if you live in Sugar Land, Richmond, Rosenberg, Missouri City, Katy, Stafford, or any where else in Fort Bend County. My team is currently helping hundreds of homeowners receive the debt forgiveness they need to stop a potential public foreclosure!

Now if you're like me, you're skeptical when someone claims to offer everything for free. These days, most people claiming free services have hidden costs that pop up somewhere. Well I'm pleased to inform you that is not the case with Program 3648. At no time will you ever be charged one penny.

As you can imagine, we have limited capacity to help homeowners for free. So those that call right away are usually the only ones that get helped.

I cannot emphasize enough that time is of the essence.

The longer you wait the less likely I can help you!

Call now and I'll get right to work for you!!

281-630-5435

Yours to count on,

Stephen Kendrick

Certified Program 3648 Administrator

P.S. Regarding H.R. 3648, the President stated,

"My administration has taken strong steps to help homeowners avoid foreclosure...The provision will increase the incentive for borrowers and lenders to work together...So this bill will create a three-year window for homeowners to...pay no taxes on any debt forgiveness that they receive."

Taylor Morrison to develop Avalon at Telfair community in Sugar Land

Taylor Morrison has purchased 108 acres from Newland Communities for a new upscale community to be called Avalon at Telfair, to be developed within the boundaries of Newland's 2,018-acre Telfair master-planned community at U.S. 59 South and University Blvd. in Sugar Land.

Taylor Morrison will develop Avalon at Telfair in partnership with Newland Communities, according to Steve Von Hofe, president of Taylor Morrison's Houston Division.

Located on the south side of U.S. 59, across the freeway from the portions of Telfair that have been developed to date on the north side of U.S. 59, Avalon at Telfair will have its main entrance off of University Blvd.

Planned for 270 home sites to be developed over the next three years, Avalon at Telfair will feature Taylor Morrison homes priced from the high $400,000s to over $1 million on home sites measuring 70, 80 and 90 feet wide. Taylor Morrison plans to begin construction of its model homes in February, with pre-opening sales to begin in March.

The land plan for Avalon at Telfair includes a park, walking trails and two monument entrances fronting University Boulevard. A 400-acre City of Sugar Land park is located adjacent to Avalon at Telfair, which is within walking distance to the University of Houston System at Sugar Land. Homeowners in the community will also have access to the approximately 300 acres of recreational amenities and open space planned for the overall Telfair development.

"This is one of the biggest real estate transactions in a long time for Taylor Morrison in Houston, and we couldn't ask for a better partner than Newland Communities. They know the Sugar Land market and set the high standard of quality our Avalon brand demands," said Von Hofe. "Taylor Morrison has built homes in Newland communities for years; they're all top performers for us and rank among the top master-planned communities in Houston."

"We are very pleased to welcome Taylor Morrison and their successful Avalon brand to Telfair. We believe their presence will enhance the already strong position of Telfair as the third best-selling community for new homes in the Houston region," said Travis Stone, senior vice president for Newland Communities. "Taylor Morrison introduced the Avalon lifestyle in Sugar Land with its first Avalon enclave over 10 years ago, and they successfully replicated the Avalon experience in our Seven Meadows community in Katy. We have no doubt that homebuyers and Realtors in Sugar Land will enthusiastically welcome the return of this valued brand with the opening of Avalon at Telfair."

Stone noted that Telfair ended 2009 with 449 new-home sales, marking a 10 percent increase over 2008 sales. Metrostudy listed Telfair as the third best-selling community in the Houston region through the third quarter of 2009, and RCLCO listed it as the sixth best-selling community in the United States in its 2008 nationwide survey of new-home sales.

Avalon at Telfair is the third Avalon branded community for Taylor Morrison. Avalon at First Colony in Sugar Land and Avalon at Seven Meadows in Katy were developed by Taylor Woodrow LP, which merged with Morrison Homes in 2007 to form Taylor Morrison. Avalon at First Colony has been sold out for years and the last home in Avalon at Seven Meadows in Katy is currently under construction. Homes in both communities were priced upwards to more than $1 million.

Taylor Morrison is currently building homes priced from the $100,000s to over $1 million in 22 locations in the Houston area. The Houston division is located at 5353 West Sam Houston Parkway North, Suite 190, Houston, TX 77041, 713-598-3000.

Overall, Telfair offers new homes priced from the $240,000s to over $1 million.

About Taylor Morrison

Taylor Morrison, Inc. is one of the top homebuilders in North America, building a wide range of product for discerning home buyers across the country. With more than 200 communities in Arizona, California, Colorado, Florida, Nevada and Texas, Taylor Morrison, Inc., offers first-time, mid-market and mid-to-upscale housing in both master-planned communities and urban infill neighborhoods. The company also operates under the Monarch brand in Ontario, Canada, where it builds single-family homes and high-rise condominiums. Taylor Morrison, Inc., is a wholly owned subsidiary of Taylor Wimpey plc (LON: TW), a home building company with 125 years of experience and operations in the United Kingdom, North America, Spain and Gibraltar. For more information visit www.taylormorrison.com.

About Telfair

Telfair, a Sugar Land, Texas master-planned community, is located approximately 25 miles southwest of downtown Houston. This 2,018-acre community offers new Houston, Texas homes for sale at prices from the mid $200,000s to over $1 million by leading homebuilders. Opened in 2006, Telfair has about 1,400 homes and upon completion in 2014 is planned for approximately 2,800 homes. Telfair homes are surrounded by 300 acres of recreational amenities and open space including 70 acres of lakes, numerous neighborhood parks, miles of greenbelt trails and the 25-acre Telfair Central recreation complex. Telfair is located at U.S. 59 South and University Blvd. in the top-rated Fort Bend Independent School District. For more information visit www.telfair.com.

Stephen Kendrick is a REALTOR® specializing in Sugar Land, Texas area. Contact Stephen at Telfair@stephenakendrick.com for more information on Telfair or Sugar Land real estate.