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janamccool
Jana McCool
REALTOR
    Years of Experience: 14

    ABR - Accredited Buyers Representative
    CDPE - Certified Distressed Property Expert
    CHMS - Certified Home Marketing Specialist
    CRS - Certified Residential Specialist

Direct: (512) 964-7653

Office: (512) 280-2665



Company Info

RE/MAX Austin Associates
3101 Bee Caves Road, Suite 301
Austin, TX
(512) 280-2665

Market Recap

  • Avg. Sales Price: 379,000

  • Avg. Days on Market: 69

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Archive for March 2011

Davis Cup To Be Held in Austin, TX

Thursday, March 24th, 2011

Austin is so excited about the announcement that the Davis Cup will be held in Austin, TX July 8-10.  This is a real honor and we expect a tremendous turnout.  This will bring an estimated $7,000,000 to the area over the weekend.  Austin continues to be THE happening place.  Ya’ll come on down to Austin and enjoy the fun!

MONTHLY MORTGAGE INSURANCE ON FHA LOANS GOING UP 4/18 – DON’T WAIT TO BUY!

Monday, March 21st, 2011

Currently the monthly mortgage insurance is calculated on .90% of the loan amount.  It will be 1.10% after 4/18.  Here are some examples:

$100,000 loan amount
$900/year
Mortgage Insurance = $75/month as part of the payment.

On the new change it would be:
$1100/year
Mortgage Insurance = $91.67/month

Stepping it up to say at $200,000 loan amount:
$1800/year
Mortgage Insurance = $150/month

On the new change it would be:
$2200/year
Mortgage Insurance = $183.33/month

There will still be the 1% fee up-front and that will remain the same for now.   Here is the link to the changes that are coming on FHA Mortgage Insurance with a couple of examples below on the effect.

http://www.docmagic.com/compliance/wizard/2011/march-2011/ml-11-10?elq=915ddbdb38924638a7928c8f9b9b8864

For details on how this affects you, or for additional information you should contact a good lender.  I highly recommend Ian Carmichael of Envoy Mortgage.  You can contact him at 512-306-8502 or icarmichael@envoymortgage.com.


Why RE/MAX Agents Are The Best

Wednesday, March 16th, 2011
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