McAllen, TX

If you know McAllen Texas and have some insight into the growth there - potential or real - send this author a note. She has put out a request for help. The magazine she is writing for appears to be new. You can probably get quoted if you provide good information.

Her name is Tonya Whitaker and the Magazine is Capiqua. I have no idea where the magazine name came from or what it means. Her request was "I am writing a story about McAllen, Texas, making a few lists as the place of steady job growth in 2010. I need to speak with someone familiar with job market issues." Those things include real estate, too.

So if you're an expert in McAllenese, send her a note! query-1at@helpareporter.com Tonya Whitaker

Have access to search foreclosure homes for sale in the Rio Grande Valley.

Hidalgo County Foreclosures includes McAllen, Mission, Edinburg, Pharr, Weslaco, San Juan, Alamo, and the Sharyland school district.

Cameron County Foreclosures includes Brownsville, South Padre Island, Los Fresnos, Laguna Vista, Harlingen, and the Rancho Viejo golf community.

Be sure to have a pre-qualification letter before submitting an offer on a bank-owned property.

Contact Kenneth Hammonds at 956.358.5088 to prequalify.

Rene Galvan, TX Broker
RGV Realty

Friday, August 14, 2009

If you are a First Time Homebuyer and you are interested in the slightest about purchasing a home, NOW is the time. The clock is ticking down. The deadline is November 30, 2009 so that means you need to get in to see your lender TODAY and get pre-qualified, then go shopping for your home. Although the lending requirements have changed over the last 24 months, believe it or not banks are still lending money. FHA is still probably the most attractive program for someone purchasing a home for the first time who does not necessarily want to pay all of their down payment, pre-paids, and closing costs out of pocket.

Wells Fargo's First Time Homebuyer's Guide defines these as:

Down payment - Money paid to make up the difference
between the purchase price and the mortgage amount.

Prepaids - Closing costs related to the mortgage loan which
are collected at or before loan closing - including per diem
prepaid interest and initial deposits of monthly escrows of
taxes and insurance.

Closing costs - The costs paid by the mortgage borrower (and
sometimes the seller) in addition to the purchase price of the
property. These include the origination fee, discount points,
appraisal, credit report, title insurance, attorney's fees, survey,
and prepaid items such as tax and insurance escrow payments.

If you require additional information, check with your lender, getting a home loan is a process, however, it does not have to be a difficult process if you find the right guidance. Give me a call or visit my website if you would like me to assist you.