Thursday, August 30, 2012

How To Choose the Right Mortgage Plan


"With rates at or near record lows, refinancing your mortgage could be a smart financial move. Educating yourself on the different loan programs available and considering your short-term and long-term...goals will help you make the most informed decision. Ultimately, you need to consider how much longer you want to live in your home and how much you will actually end up saving if you refinance. After factoring in closing costs and fees, changing your loan program may be one of the best financial decisions you'll ever make. Consider these mortgage plans when choosing the best option for you.

Mortgage plan: 1- to 7-year adjustable rate mortgage (ARM)

Ideal for: Reducing the monthly loan payment so the mortgage becomes a little more affordable. ARM loans can also be a good option if you think interest rates will stay about the same for the next one to seven years -- if they fluctuate a lot, you could end up paying more than anticipated. These are also a good match for homeowners who think they might move within 10 years. If you can afford a higher payment in the event of a rate increase and you're planning to move in the near future, talk to your lender about an ARM loan instead of a fixed-rate loan." For more information on how to assist you with your mortgage decisions please, contact Noni Milner at NeighborWorks Columbus (706) 324-4663

Resource: http://homes.yahoo.com/news/choose-mortgage-plan-161600334.html and http://www.nwcolumbus.org/bios/about/staff.aspx

Tuesday, August 28, 2012

PICK A REAL ESTATE AGENT TO SUIT YOUR NEEDS

"Many factors contribute to the experience and success of buying and selling homes, but even in the digital age of a more transparent real estate market, working with a good real estate agent continues to be one of biggest impacts on either side of the transaction. However, how do you pick the right person to represent you or your home? Before you just start asking your friends or digging through the fliers in your mailbox or hunting online, here are a few dos and don’ts you should seriously consider when selecting an agent.

Do - Ask people you trust for agent recommendations, but take what they say with a grain of salt. Did they recently buy a home in your same price range? Have they had a successful time selling their home? Just because this agent worked out well for them does not guarantee the same experience for you.

Do Not - Pick friends or family. You don’t want to jeopardize a friendship if the buying or selling process gets difficult. Also, be wary of hiring even a friend of a friend, or someone recommended. If you’re serious about real estate, find someone that you can be honest and professional with. Unfortunately, that may not include your cousin or your best friend’s spouse."
l
Call NeighborWorks Columbus and ask to speak with Janet Moore, Real Estate Production Agent at (706) 324-4663. For more information, please visit our website to view available homes and programs at www.nwcolumbus.org.

Resource: http://homes.yahoo.com/news/how-to-pick-a-real-estate-agent-that-suits-your-needs-20120531.html;_ylt=AoWnJreabusApyx5so0fpm.avYl4 and http://www.nwcolumbus.org/plaintext/realestate/realestate.aspx

Wednesday, August 22, 2012

HOMEOWNERSHIP FEELS GREAT AT NEIGHBORWORKS® COLUMBUS!



Other Successful Home Owners

C. S. is a middle-aged grandmother who worked third shift at a local fueling station and mini-mart and whose grandchildren were currently living with her. Ms. S. is a graduate of the NeighborWorks Columbus program, which allowed her to qualify for the purchase of a home. This NSP renovated home, met her needs. It was an all brick home with additional square footage living area. The home had a large, double carport plus a single garage. The yard was fenced enhancing its security. Ms. S. happily closed on her home and she and her family moved in.

R. C. is a single father of three. He was shot in the back in his earlier years, rendering him paralyzed from the waist down and totally wheelchair dependent. Mr. C. is a graduate of the NeighborWorks Columbus program, which allowed him to qualify for the purchase of a new home. However, that new home had to be wheelchair accessible. This new three-bed room two bath home, met that requirement via a side carport door, but the front porch was virtually useless for Mr. C.  NeighborWorks Columbus redesigned the porch, adding a deck and ramp so that Mr. C. would have two useable entrances into his home.

N. M. is a single young woman who completed the NeighborWorks Columbus program. She currently works at a daycare and needed a home near her job that would qualify and accept Section8. When Ms. M. saw the house, she knew that was the house for her. After a few minor repairs, she successfully closed and moved into her dream home.
E. P. is a single, elderly woman who has never bought a home before. Ms. P. began her search for a home soon after completing the NeighborWorks Columbus program. Being single, and a senior citizen, her requirements did not depend on the size or accessibility of the home but of the size and slope of the yard. She required no hills or inclines. When she saw the house, she knew that she wanted to buy it. With two living areas, a large eat-in kitchen, plus three-bed rooms two bath, she could not stop saying how beautiful the home was. Her first plans after closing and moving in were to start planting flowers. She could not wait to have a garden of her own.

P. F. is a single woman who wanted to purchase and live in one of our newer homes in the Beallwood area. Her predicament was that she could not decide if she wanted the three-bedroom home with a carport, or the four-bedroom home with a parking pad. After several visits, and realizing she did not need a fourth bedroom, she made an acceptable offer on the three-bedroom home. She was so excited and anxious to move into the home, she immediately began packing her belongings where she was currently living. She continued to live out of those packed boxes until she closed on her new home and happily moved in.

M. C. is a single woman who works for a local production company, NCR. Due to a family member being wheelchair bound, she required a handicap accessible home large enough for mobility. She quickly qualified for a VA loan and began her search. Because she was overqualified for a NeighborWorks listed home, she chose another house. She continued to use the Lender and Realtor services provided by NeighborWorks Columbus.

Thanks to our caring staff, Success feels good!

Tuesday, August 21, 2012

NeighborWorks Columbus Ending Homelessness for Elderly Citizens

The Columbus Cottage Program was the focus of NeighborWorks® Columbus 2008 Annual Campaign. This program was designed to assist 6-10 elderly or impoverished residents in danger of becoming homeless and to help those that have no other assistance available to them. Cottage homes will be built on the recipient’s own land and will be set up as a life estate for these elderly seniors. After the death of the cottage’s recipient, the cottage will be return to the CCC program to be used for other residents with similar hardships. For more information, please call NeighborWorks Columbus at (706) 324-4663. The Columbus Cottage Program, "Building Lives – One Home at a Time"!

Resource: http://nwcolumbuscampaign.org/

Monday, August 20, 2012

INSURANCE - HOMEOWNERS & INSPECTION Pt. 4

 
Is your home hard to insure?
“Homes in flood plains, adjacent to wildfire zones and in the likely path of hurricanes can be difficult and expensive to insure. When fire or wind risk is high, many homeowners wind up having to buy coverage plans, which typically provide bare bones coverage with high deductibles. Going without coverage usually is not an option, since mortgage lenders require homeowners insurance and flood insurance in high-risk flood zones. At a minimum, potential buyers should ask to see recent insurance bills to see what they are likely to be charged. Buyers also should keep in mind that if a disaster hits, their premiums could shoot up even higher.”

Resources: http://money.msn.com/home-loans/10-homes-first-time-buyers-should-avoid and http://www.nwcolumbus.org/plaintext/homeownership/lendingdownpaymentassistancedpa.aspx

Thursday, August 16, 2012

MOLD - HOMEOWNERS & INSPECTION Pt. 3



Does your home have mold?
“Any sign of water damage or mold should be traced to its source. Most of the serious problems that home inspectors see are with water: water seeping into basements, pooling in crawl spaces, leaking in from siding or trickling down from roofs. Left alone, water causes rot and mold. All too often, homeowners do not discover the problems or if they do, they ignore them. Either way, unsuspecting buyers can inherit expensive repairs. Some of the worst damage is caused by black mold, which is suspected of causing health problems and which can spread quickly throughout a house. It can cost a couple hundred thousand dollars" to remediate a bad case of black mold. You might have to tear out all the cabinets and treat every surface in your home."

"Molds can be found almost anywhere; they can grow on virtually any organic substance, as long as moisture and oxygen are present. There are molds that can grow on wood, paper, carpet, foods, and insulation. When excessive moisture accumulates in buildings or on building materials, mold growth will often occur, particularly if the moisture problem remains undiscovered or unaddressed. It is impossible to eliminate all molds and mold spores in the indoor environment. However, mold growth can be controlled indoors by controlling moisture indoors."

Wednesday, August 15, 2012

Mortgage troubles? I may be able to help...


INTERESTED IN SHORT SALES?David Helps…

Do you know someone who is having difficulties 'staying afloat'? Someone who may be facing the loss of their home to possibly foreclosure? It may not be too late to consider other options...especially a 'short sale'. Please know that there may be other options. What is a "Short Sale"? A short sale can be an excellent solution for homeowners who need to sell, and who owe more on their homes than they are worth. In the past, it was rare for a bank or lender to accept a short sale. Today, however, due to overwhelming market changes, banks and lenders have become much more negotiable when it comes to these transactions. Recent changes in corporate policy and the Obama administration have also improved the chances of getting a short sale approved. Be a Blessing! David Helps… Click here: http://hosted.cdpe.com/CallDavidForHelp/Home.aspx or call David Fox at (706) 324-4663 TODAY!

HOMEOWNERS & INSPECTION Pt. 2

Today, we will continue with our blog which should make you think twice about a “Proper Home Inspection”.  Many homeowners search for homes that are within their budget. Even though purchasing a home is about dollars and cents, you do not want to compromise on the stability of the structure. Here are a few questions that you should ask a professional.

Is your home's drywall posing health risks? 
“Hurricanes in early to mid-2000’s, set off a building boom that drained domestic supplies of drywall, a board used to create the interior walls of homes. Builders turned to imported materials, much of it from China but serious problems soon emerged. People started noticing there was a strong smell of sulfur." Sulfur has no odor but combined with oxygen forms sulfur oxide and is hazardous. “When sulfur dust is exposed to oxygen to become sulfur dioxide, it has serious environmental hazards. It affects the living organisms around the area. Sulfur causes vascular damage in veins of the brain, the heart and the kidney.” Any questions? Be sure to hire an experienced inspector to inspect your home carefully.

Resources:http://money.msn.com/home-loans/10-homes-first-time-buyers-should-avoid and http://cleancounty.org/hazards-sulfur

HOMEOWNERS & INSPECTION Pt. 1


Over the next few days, we will post a few tips that will make you think twice about a “Proper Home Inspection”. Many homeowners search for homes that are within their budget. Even though purchasing a home is about dollars and cents, you do not want to compromise on the stability of the structure. Here are a few questions that you should ask a professional.

How stable is the foundation?
The old-school method of detecting foundation problems still works: Drop a marble on the floor and see how far (and how fast) it rolls. Sloping or sagging floors can indicate serious foundation problems that can cost a fortune to fix, inspectors and appraisers warn. Cracks in the foundation can be no big deal or a very big deal.” Be sure to hire an experienced appraiser to inspect your home carefully. Tomorrow we will talk about the importance of drywall.

Homebuyers Orientation

Homebuyers Orientation
Saturday, August 30, 2012
6:00 p.m. - 7:00 p.m.

At our Homebuyers Orientation, you will receive information about NeighborWorks Columbus’ homebuyer education and counseling program. In addition, we offer other services such as financial counseling, down payment assistance, credit-rebuilding and low interest home loans. You will be required to bring with you $18.00 for individuals or $30.00 for married couples so that we may process your credit report. However, you will also schedule an appointment to come back to complete an assessment of your credit report.

Please arrive at least 15 minutes before class begins. There will be no admittance into the classroom after 6:00 p.m. We look forward to seeing you! We are located at 18 Eleventh Street (Downtown) and right next to Old Siam (the old Tavern on the Square), Columbus, GA 31901. We look forward to seeing you! IMPORTANT: The total cost of the program is $75.00. We look forward to seeing you!

Click here for online registration:

BREAKING NEWS - NeighborWorks® Columbus Sucess Feels Great!

BREAKING NEWS: This summer, we were awarded $1,053,806 as one of the 177 C.D.F.I. Programs, spanning 41 states to receive a Financial Assistance Award; received a AA+3 C.A.R.S. rating and maintained  our "exemplary" status in the NeighborWorks® Network. In addition, we revamped our website and launched our new "Connections to the Community" NWC Blog. Stay tuned to find out what the buzz is about!

Buying Your 1st Home? Tip #7


7 Tips In 7 Days... Step 7: "Close the loan. The final step in the home purchase process is called the closing, or settlement. This is when the closing documents are signed, closing costs are paid, and the house keys are given to the new owner. It’s time to move in!" The mortgage department at NeighborWorks® Columbus is a part of the NeighborWorks® HomeOwnership® Center. We offer low interest rate loans and affordable down payment assistance programs, plus affordable second-mortgage financing. We offer various types of mortgage loans including VA, FHA and conventional loans. NeighborWorks® Columbus will help you make sense of the home buying process, before you buy and after you have moved in! NeighborWorks® Columbus is a CARS Rated, HUD approved and DCA recognized Housing Counseling Agency. Call Nonie Milner,  Mortgage Counselor today at (706) 324-4663, ext. 116.

NeighborWorks Columbus Sincerely Thanks Our Partners, Georgia Power Company

The Board of Directors and Staff of NeighborWorks Columbus extends a sincere thank you to the Georgia Power Company! The Officers of the Georgia Power Columbus, GA Chapter held an Ice Cream and Drink Sales Fundraiser for NeighborWorks Columbus on August 3, 2012 at the Veterans Office Lobby. Please visit their site to find out $$ saving tips on lowering your Georgia Power Bill. http://www.georgiapower.com/pricing/residential/pricing/nights-and-weekends.asp?nav=bott_nights Nights and Weekends is designed for customers that want to save money by changing when they use electricity during summer months. By changing when you wash your dishes, do your laundry, or run your air conditioner during peak periods you can realize considerable savings over the course of a year. If you enroll in this plan, you must commit to stay on the rate for at least twelve months. Sign up now for Nights & Weekends. If you would like to become a volunteer, partner or contributor please visit our website at www.nwcolumbus.org or give us a call today at (706) 324-4663.

CONGRATULATION NeighborWorks Columbus!

CONGRATULATIONS NEIGHBORWORKS COLUMBUS!

We are very pleased to announce that NeighborWorks Columbus is one of the 177 C.D.F.I. Programs, spanning 41 states, to receive a Financial Allocation of CORE Funding. We were awarded $1,053,806.  This award will allow us to begin lending for small businesses. In additon, congratulations to our employees, Rebecca Cartee on her 10th year Anniversary with NeighborWorks® Columbus and Sherricka Day who recently received a Homebuyer Education Certification as a “Certified Housing Counselor” from NeighborWorks® National Homeownership Program. Great job ladies and keep up the great work. Our company's accomplishments are due to GREAT LEADERSHIP! Mrs. Cathy Williams, President of NeighborWorks Columbus is leading our staff into record-breaking advancements in Columbus, GA.

http://www.nwcolumbus.org/blog/nwcblog/nwcblog.aspx

Buying Your 1st Home? Tip #6


7 Tips In 7 Days... Step 6: "Pre-approval is different from pre-qualification, which refers to when a lender calculates how much mortgage you likely can afford based on unverified information. A preapproval is a guarantee that the lender will loan you a fixed amount of money, as long as the property appraises over the amount for which you are qualified and you buy within a certain time period." Our NeighborWorks® Columbus mortgage department offers low interest rate loans and affordable down payment assistance programs, plus affordable second-mortgage financing. We also offer various types of mortgage loans including VA, FHA and conventional loans. Call Nonie Milner,  Mortgage Counselor today at (706) 324-4663, ext. 116.

Buying Your 1st Home? Tip #5


7 Tips In 7 Days... Step 5: "Apply for a mortgage loan. Once you choose a lender and a loan program, you will complete a formal application at the lender’s office. Because houses are so expensive, most people need a loan to buy one. This type of loan is called a mortgage. Getting a mortgage for such a large amount of money is more complicated than applying for a credit card or borrowing money for a car." NeighborWorks® Columbus provides an I.D.A. (Individual Development Account) to First Time Homebuyers in Columbus, Georgia. NeighborWorks® Columbus' Opelika HomeOwnership® Center offers down payment assistance through a partnership with the City of Opelika's Community Development Department by providing credit rebuilding, homebuyer’s education and counseling. Stop by or give us a call today at either of our two convenient locations in Georgia and Alabama.

NeighborWorks® Columbus                      Opelika HomeOwnership® Center
18 Eleventh Street                                            605 Second Avenue
Columbus, GA 31901                                      Opelika, AL 36801
(706) 324-HOME (4663)                                 (334) 749-1216


GET EXCITED! Offering eHome America - Homebuying Education Online

NeighborWorks® Columbus is now offering eHome America Homebuyer Education Course. eHome was designed to help more people obtain Certified Homebuyer Education. Many people have a difficult time getting to their local NeighborWorks® Chartered Member office for in-person counseling, for reason such as work schedules or babysitting issues. This online version helps individuals get the education and certification that they need at their convenience. Though this online course cannot replace in-person homebuyer counseling we believe that participants can gain a thorough understanding of the homebuying process. Each participant in this course will be directly connected to a NeighborWorks® Chartered Member, often to a member in his or her area. This ensures that participants continue to receive the one-on-one counseling they need over the phone or in-person while receiving their certification online. From this content, numerous educational videos were produced along with interactive forms and other downloadable materials. All items in this program are designed to enhance understanding of the homebuying process, from start to finish. eHome America now available in English and Spanish. NeighborWorks® Columbus is a CARS Rated, HUD approved and DCA recognized Housing Counseling Agency.
 
e-Home America Homebuyer Education Course (English): http://ehomeamerica.org/nwc
e-Home America Homebuyer Education Course (Spanish): http://ehomeamerica.org/spanish.html

Our NWC Blog!

NeighborWorks Columbus delivers exemplary service as leaders in the communities of Georgia & Alabama. Our new NWC Blog is a social networking site that connects its communities, volunteers, leaders, organizations and potential clients on a daily basis. This site gives new, emerging, and experienced opportunities to share ideas and experiences with members of these communities who maybe future clients, employees, board members and volunteers. Please visit our NWC Blog, comment on topics that are of interest to you and request our services. Give us a call if you are interested in our products and services at
(706) 324-HOME (4663) Thank you!

AGENT ONLY OPEN HOUSE


NWColumbus Realty Co., LLC presents...
AGENT ONLY OPEN HOUSE

Sweet Water Subdivision
Thursday, August 2, 2012
11:30 A.M. - 1:30 P.M.
$134,900
159 Sweetwater Drive - Columbus, GA 31907

Amenities: 1,937 sq. ft., NSP-grant eligible, Tri-Level, Total Electric, 4 Bedrooms, 3 Full Baths, Dishwasher, Central Heat & Air, Laundry Area 2 Living Areas, 2 Car Carport, Parking Pad, Large Back Yard, Fireplace, separate Dining Room & Eat-In Kitchen. Must be a licensed Realtor to attend!

Buying your 1st Home? Tip #4


7 Tips In 7 Days... Step 4: "Get a professional home inspection. Once your offer is accepted, hire a professional home inspector to check the structural soundness of your property. If you made your purchase contract contingent on a satisfactory home inspection, you have options to address any problems with the house before you have to live with them. If the inspection shows major problems, you can cancel the sale and get your earnest money back. Or you can ask the seller to either make the repairs or give you a credit for the amount it would cost you to make them." Contact our Housing Specialist,
Joshua Vaughn for assistance at (706) 324-4663.

ACT NOW! Foreclosure Prevention

“For homeowners having difficulty paying their mortgage or know they will have difficulty in the near future, it is important for them to act now. NeighborWorks ® America has developed a consumer website, which includes information and links to agencies that can help guide homeowners through various options.” NeighborWorks® Columbus is a HUD-approved housing counseling agency. Our Foreclosure Prevention Advocate, Cecile Terry will speak with you regarding all of your options. Call (706) 324-HOME (4663) TODAY!

Buying your 1st Home? Tip #3


7 Tips In 7 Days... Step 3: "Look for down-payment and closing-cost assistance programs. Some nonprofit organizations and state or local government agencies can help you with down payment and closing costs through grant money or low-interest loans." Our HomeOwnership® Center provides services to prepare our clients to become responsible homeowners. The first step is to enter our program and attend a one-hour homebuyer orientation. Please contact your trusted lenders in the local industry NeighborWorks® Columbus HomeOwnership® Centers in Georgia and Alabama. NeighborWorks® Columbus located at 18 Eleventh Street - Columbus, GA 31901 - (706) 324-4663 or HomeOwnership® Centers located at 605 Second Avenue - Opelika, AL 36801 - (334) 749-1216.

NeighborWorks Foreclosure Solutions Centers


"The NeighborWorks Center for Foreclosure Solutions, an initiative of NeighborWorks America, was created to preserve homeownership in the face of rising foreclosure rates. In conjunction with national nonprofit, mortgage and insurance partners, the Center builds capacity among foreclosure counselors around the nation, conducts public outreach campaigns to reach struggling homeowners, and researches local and national trends to develop strategic solutions. In cities and states with high rates of foreclosure, the Center works with local leaders to create sustainable foreclosure intervention programs." Call NeighborWorks® Columbus and ask to speak with Cecile Terry today at (706) 324-4663, ext. 105.

Buying your 1st Home? Tip #2



7 Tips In 7 Days... Step 2: "Shop for a home. You may choose to work with a real estate agent to help you more easily find a home that fits your needs and your budget. Take your time, take notes and ask questions and narrow your search by looking carefully at property conditions, neighborhood qualities, and community services." Interested in purchasing a home? Contact our housing professionals today! Call (706) 324-4663 and ask to speak with Melanie Faison, Sherricka Day, David Fox or Janet Moore today!
Resource: http://www.keystomyhome.org/find/homebuying/index.asp and www.nwcolumbus.org

ALERT: Loan Modification Scam Campaign


"Please share this with your friends and family today: DO NOT PAY any fees for a loan modification or to save your home from foreclosure. It may be a scam. Foreclosures are still a problem, and foreclosures are still a public record. It's very easy for potential scammers to find out your name and contact information if your someone that might be in that situation with your mortgage."

Buying your 1st Home? Tip #1


For the next 7 days, we will provide you with useful information to assist you with buying a home. 7 Tips In 7 Days... Step 1: "Decide what kind of home you want and need. Then determine your housing needs and wants according to your affordability before you go shopping. Now is the time to purchase a home while interest rates are low." Interested in purchasing a home? Contact our housing professionals today! Call (706) 324-4663 and ask to speak with Melanie Faison, Sherricka Day, David Fox or Janet Moore now!

Join Us on Facebook!

Hello Facebook Friends:
We would like to invite you to join us, as a friend, at our NeighborWorks Columbus Facebook page. Thank you for being loyal Friends of NeighborWorks Columbus as we continue providing "exemplary" service! https://www.facebook.com/#!/pages/NeighborWorks-Columbus/195769813790637

Change Your Life Today!


If you are interested in changing your life today, we have an App for that! Our NeighborWorks® Columbus HomeOwnership Centers helps create healthy neighborhoods and provides access to affordable home ownership in Georgia and Alabama. Contact Melanie Faison, Executive Vice President of HomeOwnership® at (706) 324-4663 ext. 111 or David Fox, Executive Vice President of NWColumbus Realty Co., LLC (706) 256-4906. Give us a call today! This NWC Blog can be viewed at http://www.nwcolumbus.org/blog/nwcblog/nwcblog.aspx.