Many of Americans still want to own a home

came accross some very interesting information; despite the real estate downturn or crisis more than 51% of people said the the bust did not change their willingness to buy a home and an additional 27% said they would more likely to do so.The study which was conducted by Fannie Mae also noted reasons such as remodeling the home or to send the kids to a better school is what motivated buyers. Also, with great interest rate, low prices and incentatives many first time home buyers are taking advantage. Although trillions of dollars of equity were wiped out by the housing bust and millions of people will lose homes to foreclosure, nearly two-thirds of people surveyed believe purchasing a house is a safe investment. More than half the public also thought buying a home was a good idea financially even if they plan to move out in less than three years. Further, a huge majority, 86% of those surveyed, cite income-tax benefits -- mostly the mortgage interest deduction -- as a big reason to buy.
Good Day

Ainsley Daux

Home Run Real Estate inc

(813)546-1954

http://ainsleydaux.topseller.net

Many of Americans still want to own a home

came accross some very interesting information; despite the real estate downturn or crisis more than 51% of people said the the bust did not change their willingness to buy a home and an additional 27% said they would more likely to do so.The study which was conducted by Fannie Mae also noted reasons such as remodeling the home or to send the kids to a better school is what motivated buyers. Also, with great interest rate, low prices and incentatives many first time home buyers are taking advantage. Although trillions of dollars of equity were wiped out by the housing bust and millions of people will lose homes to foreclosure, nearly two-thirds of people surveyed believe purchasing a house is a safe investment. More than half the public also thought buying a home was a good idea financially even if they plan to move out in less than three years. Further, a huge majority, 86% of those surveyed, cite income-tax benefits -- mostly the mortgage interest deduction -- as a big reason to buy.
Good Day
Ainsley Daux
Home Run Real Estate inc
(813)546-1954
http://ainsleydaux.topseller.net

How to save on energy cost (Tampa Bay)

The weather has changed; we are in for another cold winter. We are expecting cold days here in Tampa. Today’s high is 35 degrees which is cold for Tampa. With the cold weather the heat is on to keep the house warm. With running the heat all day you, can expect a higher energy bill. Here are few tips to save on the energy billCall your local eclectic company carrier to provide an energy audit. An Energy Audit is an inspection of your home that identifies areas where you may be wasting valuable energy. Take advantage this recommendations, it can be a great way to save on your annual energy costs.Building improvements can also help on energy cost. Improvements such as: ceiling insulation, wall insulation, window replacement, window film. You may want to hire a professional to advise and assist with those revisions
Plan how to use the heat. If you are work during the deal you may want to turn off the heat or keep it on auto. Unplugging items that are not being used can also help on energy costHaving your ac unit cleaned and serviced. Especially in Florida, we run the ac all summer and now a days most of the winter. Every year I have my ac system cleaned and serviced after winter and after the summer. Not only do it increase the life of the ac system, it also help reduce energy cost

Ainsley Daux
Home Run Real Estate inc
(813)546-1954

Short Sale vs Deed-in-Lieu

Short Sale vs Deed-In-Lieu
The difference between a short sale and a deed-in-lieu of foreclosure transaction is determined by who is responsible for selling the property. In a short sale, you will be responsible for selling your house at a fair market value, even if it is less than the amount you owed on the mortgage. In exchange, the lender agrees to forgive the remainder of your loan.
In the deed-in-lieu of foreclosure transaction, you first give ownership of your property to the lender (with the lender's written consent) and the lender then assumes full responsibility for selling the house. Similar to a short sale, the lender will typically agree to forgive the remainder of your loan.Short of filing for bankruptcy, which will delay but not stop foreclosure, a deed-in-lieu of foreclosure may be a good option for getting your finances back on track. A deed-in-lieu of foreclosure allows you sign over legal ownership to your home in exchange for the lender's agreement not to foreclose and to forgive the remainder of your debt. You may even receive.

A deed-in-lieu of foreclosure also might help your chances of getting another mortgage loan in the future, and it will definitely help avoid the lengthy legal process of foreclosure. Although it has a negative impact on your credit rating, deed-in-lieu of foreclosure is probably less harmful than a foreclosure.

First Time Home Buyer (Tampa Bay)

The New year is almost here; 25 days to be precise. This is the time of year many of us prepare our goals for the new year...As we all know despite the real estate crisis, buying a home is still the American dream...With the crisis comes great deals; first time home buyers can purchase a home with a great interest rate and find a good solid deal on a home..After talking to a few prospective first time home buyers that were ready to make the jump from renter to owner, they only one problem "no down payment'. Ainsley Daux to the rescue!!!I referred them to our county's "first time home buyer program". If eligible, the buyers can receive up to $40,000 in down payment assistance. First thing I hear whenever I present this program "what is the catch" I than explain there is absolutely no catch. I closed a few deals with the buyers utilizing down payment assistancePlease see below for more detailed information on down payment assistanceWhat Is The First Time Home Buyer Program?Hillsborough County’s First Time Home Buyer Program provides Downpayment Assistance, and Closing Cost. These funds are provided by Hillsborough County through the State Housing Initiatives Partnership (SHIP) Program and through the HOME Investment Partnerships (HOME) Program.This assistance is provided in the form of a 0% interest, deferred payment loan. This simply means that there is no interest accrued and no payments are made during the life of the loan. The DPL is a second mortgage with a 30 year term. If ownership is maintained for the full term of the loan, then the second mortgage with Hillsborough County is forgiven and repayment is notnecessary.
Who Is Eligible For This Program?To qualify you must be a first time home buyer in Hillsborough County. Your total household income must be 120% and below the area median income; you must also meet certain requirements.
1) You cannot have owned a home within the last three years.

2) Applicant must be able to qualify for primary financing by a lender.

3) The annual percentage rate of the primary financing the applicant must be eligible for FHA, VA and conventional loan from a private lending institution, with a rate no higher than one ( 1 ) point above the "Fannie Mae 60-Day Rate".

4) You must attend an 8-hour mandatory FTHB Education class. The list of contact phone numbers to schedule a class is listed below.

5) A minimum down payment is required, which may include prepaid amounts such as appraisal, and application fees.

6) Applicant's debt ratios shall be at or below 33%, but not less than 25% (PITI ÷ monthly income) and no higher than 45% ( [PITI + monthly debt] ÷ monthly income ).

7) Applicant's gross income must be at or below the following annual income limits - (80% median income) according to household size as determined by HUD, or (120% median income) according to household size as determined by the State of Florida - State Housing Initiatives Partnership ( SHIP ) Program.

Ainsley Daux
Lic Realtor
Home Run Real Estate inc
(813)546-1954

Down Payment Assistance (Tampa Bay)

The New year is almost here; 25 days to be precise. This is the time of year many of us prepare our goals for the new year...As we all know despite the real estate crisis, buying a home is still the American dream...With the crisis comes great deals; first time home buyers can purchase a home with a great interest rate and find a good solid deal on a home..After talking to a few prospective first time home buyers that were ready to make the jump from renter to owner, they only one problem "no down payment'. Ainsley Daux to the rescue!!!I referred them to our county's "first time home buyer program". If eligible, the buyers can receive up to $40,000 in down payment assistance. First thing I hear whenever I present this program "what is the catch" I than explain there is absolutely no catch. I closed a few deals with the buyers utilizing down payment assistancePlease see below for more detailed information on down payment assistanceWhat Is The First Time Home Buyer Program?Hillsborough County’s First Time Home Buyer Program provides Downpayment Assistance, and Closing Cost. These funds are provided by Hillsborough County through the State Housing Initiatives Partnership (SHIP) Program and through the HOME Investment Partnerships (HOME) Program.This assistance is provided in the form of a 0% interest, deferred payment loan. This simply means that there is no interest accrued and no payments are made during the life of the loan. The DPL is a second mortgage with a 30 year term. If ownership is maintained for the full term of the loan, then the second mortgage with Hillsborough County is forgiven and repayment is notnecessary.
Who Is Eligible For This Program?To qualify you must be a first time home buyer in Hillsborough County. Your total household income must be 120% and below the area median income; you must also meet certain requirements.

1) You cannot have owned a home within the last three years.

2) Applicant must be able to qualify for primary financing by a lender.

3) The annual percentage rate of the primary financing the applicant must be eligible for FHA, VA and conventional loan from a private lending institution, with a rate no higher than one ( 1 ) point above the "Fannie Mae 60-Day Rate".

4)You must attend an 8-hour mandatory FTHB Education class. The list of contact phone numbers to schedule a class is listed below.

5) A minimum down payment is required, which may include prepaid amounts such as appraisal, and application fees.

6) Applicant's debt ratios shall be at or below 33%, but not less than 25% (PITI ÷ monthly income) and no higher than 45% ( [PITI + monthly debt] ÷ monthly income ).

7) Applicant's gross income must be at or below the following annual income limits - (80% median income) according to household size as determined by HUD, or (120% median income) according to household size as determined by the State of Florida - State Housing Initiatives Partnership ( SHIP ) Program.
Ainsley Daux