So Many things to talk about

Wow, can you believe that Halloween is upon us and retailers are already advertising for the Holiday Season? Kind of boggles ones mind. And of course for those that have kids comes that extended vacation in December and college kids bringing home their laundry.
Well in the meantime we need to make sure that we are taking care of things for us as well and that can range from washing your car to making sure your investments are solid.
Your house, your largest investment, is one you have to look at. Just recently Fannie Mae and Freddie Mac made a small adjustment to the HARP program. Before, you had to have your loan sold to them by may 31 of 2009....now you just need to have closed on your loan on or before that date. That means that a lot of people that were not eligible for this product, now are. Obviously to make sure that you are you should contact a loan officer (cough cough).
In addition both of these agencies are doing away with their 3% down loan products which will now mean a customer needs more down on a conventional loan. So it is even more important to sit down with a loan officer ahead of time to see what constraints might play in to obtaining a mortgage.
Bottom line with values where they are and rates where they are, it is still an awesome time to be buying.
I read an interesting statistic about how large investment firms are buying real estate as they actually account for more then 10% of all sales out there right now. What does this mean to you? Well if you are investing in 401ks or mutual funds it means some of your investments may be allocated to real estate type investments. This means that the large investors are betting on a nice return for their money. Well why let them have all the fun and make all the money and look at adding investment properties to your investment portfolio for potential better gains? makes sense to me.
Well Carbone's has their annual bash in Rosemount tomorrow night so I am going to go as a scary mortgage banker....BOO.
Make sure that when ever you have questions pertaining to anything regarding real estate of finance that you speak to an experienced person. Stay safe and don't eat too much candy.