Archive for the ‘1862 Mortgage’ Category
Thursday, March 3rd, 2011
We often point out that a buyer should be more concerned about the COST of a home rather than the PRICE. Price obviously is a component of cost. However, unless you buy all-cash, you must also be concerned about the financing of the purchase. The price and the financing together determine the cost of a home. Today, we want to look at only the financing piece.
An opportunity exists today because of recent government involvement; an opportunity that may never again be available in our lifetimes. There has been much discussion about what role the federal government should have in supporting homeownership. We will leave our opinions on the debate for another time. However, we want to alert you to two advantages available to a purchaser today that may disappear in the future:
- Historically low interest rates
- The ability to lock in these rates for thirty years
Interest Rates
Because of the financial crisis, the government stepped in and instituted a series of programs which pushed mortgage interest rates to historic lows. If we look at 30 year mortgage interest rates before and after government intervention we see the impact these programs had (see chart below).
According to Freddie Mac, from 2006 to the start of the financial crisis (the fall of 2008), the average rate was 6.29%. Since then, the average rate has been 4.92%.
A purchaser can still get a 30 year-fixed-rate-mortgage at approximately 5%. However, interest rates this low may soon disappear. The government has questioned its role in supporting homeownership. In the administration’s REFORMING AMERICA’S HOUSING FINANCE MARKET: A REPORT TO CONGRESS, they are very strong in voicing their thoughts on this issue:
…our plan also dramatically transforms the role of government in the housing market. In the past, the government’s financial and tax policies encouraged housing purchases and real estate investment over other sectors of our economy, and ultimately left taxpayers responsible for much of the risk incurred by a poorly supervised housing finance market.
Going forward, the government’s primary role should be limited to robust oversight and consumer protection, targeted assistance for low- and moderate-income homeowners and renters, and carefully designed support for market stability and crisis response…
Under our plan, private markets … will be the primary source of mortgage credit and bear the burden for losses.
What are the probable results of this decision?
The Royal Bank of Scotland:
“The (government) currently provides 95% of housing finance in the U.S.; any reductions of their involvement in supporting mortgages mean interest rates will have to go up to induce private lending.”
AnnaMaria Andriotis, writer for SmartMoney:
“In the proposals were changes that will mean more expensive mortgages, with higher fees and, probably, higher interest rates, larger down payments and, in the near term, fewer lenders to choose from.”
The day of a 5% rate seem to be coming to an end.
Locking in a rate for thirty years
We must also realize that having the ability to lock-in a rate for 30 years may soon be a thing of the past.
There are a growing number of people who think that our mortgage industry should imitate those of other industrial countries around the world. If we do start limiting government support for the mortgage process, the 30-year-fixed-rate mortgage may disappear. Other countries, like Canada, only allow a purchaser to lock in a rate for a five year term. After that, the borrower must renegotiate a new mortgage at current rates. Could that happen here?
Mark Zandi, Chief Economist of Moody’s Economics.com addressing the administration’s recent report:
“A private system would likely mean the end of the 30-year fixed-rate mortgage as a mainstay of U.S. housing finance. A privatized U.S. market would come to resemble overseas markets, primarily offering adjustable-rate mortgages. Based on the experience overseas, the fixed-rate share in the U.S. would decline to an average of between 10% and 20% of the mortgage market compared with a historical average of closer to 75%.”
Bottom Line
The COST of a home is dramatically impacted by the mortgage component. Today, we can get a 5% mortgage and lock it in at 5% for the next thirty years!! Both of these opportunities may disappear in the future. You should take this into consideration if you’re looking to purchase a home.
Keep checking RuhlHomes.com for up to date information on the real estate market.
Some information and statistics provided by: KCM Blog
Tags: 1862, 1862 Mortgage, agents, buying, Buying a Home, caroline ruhl, first time buyers, home, home buyer programs, home search, housing market, illinois real estate, Illinois Real Estate Market, interest rates, iowa real estate, Iowa Real Estate Market, mortgage, mortgage rates, multiple listing service, quad cities, Quad Cities Real Estate, Quad Cities Real Estate Market, quad city, Real Estate, Real Estate Sales Volume, realtors, regional markets, ruhl, Ruhl and Ruhl, ruhl&ruhl, Ruhl&Ruhl Market Share, Ruhl&Ruhl Realtors, RuhlHomes
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Friday, January 7th, 2011
If you are thinking about purchasing a home right now, you are surely getting a lot of advice. And most of that advice is probably negative. Why buy now with prices still falling? Don’t you realize real estate is no longer a good investment? Don’t you know that people who bought five years ago lost their shirt? We understand the concern your friends and family have. However, let’s look at whether or not now is actually the perfect time to buy a home.
There are three questions you should ask before purchasing in today’s market:
1. Why should I buy if house prices are still depreciating?
We believe that in most parts of the country prices will in fact soften in 2011. Price is the major concern for anyone selling a home. When you are buying, COST should be your primary concern however. Your monthly payment (cost) is definitely impacted by the price of the home you purchase. The other major component is the interest rate. Waiting for prices to bottom out while rates are increasing can wind up costing you more over the life of the mortgage.
Over the last seven weeks, rates have increased over 1/2 a point going from 4.17 to 4.86. Waiting for prices to bottom out seems to make perfect sense. Yet, at a time when rates are increasing, it might NOT make sense. Make sure to have a mortgage professional help you with the math before making a decision, 1862 mortgage is here to help! Contact 1862 Mortgage with all your mortgage or financial needs.
2. When will I begin to see appreciation if I buy now?
This is a great question. Macro Markets, LLC is a company that studies housing prices. They started their Home Price Expectation Survey in 2010. They ask 100+ housing industry experts to project housing prices through 2015. The most current survey shows that the experts are predicting prices to soften until 2012. The experts then project prices to rise reaching a cumulative appreciation of over 10% by 2015.
Purchasing a home today makes great sense from a financial standpoint. Think of the old axiom: You want to buy low and sell high. We may be at the low point regarding the COST of a home. But, this decision should not only be a financial one.
That leads me to my third and final question:
3. Why am I buying a home in the first place?
This truly is the most important question to answer. Forget the finances for a minute. Why did you even begin to consider purchasing a home? For most, the reason has nothing to do with finances. The Fannie Mae National Housing Survey shows that the four major reasons people buy a home have nothing to do with money:
- A good place to raise children and for them to get a good education
- A place where you and your family feel safe
- More space for you and your family
- Control of the space
What non-financial benefits will you and your family derive from owning a home? The answer to that question should be the reason whether you decide to purchase or not.
Bottom Line
The COST of a home will probably remain relatively unchanged even if prices continue to depreciate. Don’t allow money to get in the way of you making the right decision for you and your family. In the long run, the finances will work in your favor anyway.
Keep checking RuhlHomes.com for the most up to date information on the real estate market!
Some information and statistics provided by: KCM Blog
Tags: 1862, 1862 Mortgage, 3 questions, agents, before buying a home, buying, Buying a Home, caroline ruhl, eastern iowa, first time buyers, getting pre approved, home, home buyer programs, home search, housing market, ia, il, illinois real estate, Illinois Real Estate Market, iowa city area, iowa real estate, Iowa Real Estate Market, Mobile Ruhl, multiple listing service, purchasing a home, quad cities, Quad Cities Real Estate, Quad Cities Real Estate Market, quad city, Real Estate, Real Estate Sales Volume, realtors, regional markets, ruhl, Ruhl and Ruhl, ruhl&ruhl, Ruhl&Ruhl Market Share, Ruhl&Ruhl Realtors, RuhlHomes, sales volume
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Tuesday, December 28th, 2010
With rising interest rates, this is a great time to take a fresh look at adjustable rate mortgages (ARMs) for your purchase and refinance. These are not the exotic ARMs involved in the subprime meltdown – they are traditional, 5/1 ARMs with unbelievable rates that are in the threes today! That’s more than a point lower than 30-year fixed rates.
A 5-year ARM is a loan with a fixed rate for the first five years that has a rate that changes once each year for the remaining life of the loan. Because the interest rate can change after the first five years, the monthly payment may also change.
A 5/1 ARM combines the best features of adjustable and fixed rate products. It delivers a very low interest rate and therefore, a lower monthly payment typical of ARMs. But the five-year rate lock gives homeowners the stability and predictability of fixed payments that will not increase in the near future.
For the right borrower, a 5/1 ARM can be an excellent choice. If you are a client either:
Planning to move in the next 5 years – the rate will never adjust if they sell the home in that time period, or anticipate a salary increase– an ARM may allow you to enjoy lower monthly payments or a larger home while your pay is ramping up.
Choosing a 5/1 ARM could save you money on your monthly mortgage payment. For example, let’s say you are purchasing a $200,000 house and putting down 20%. After borrowing $160,000 at a 7% interest rate, your monthly payment on a 30-year fixed rate mortgage is $1,064.48 each month. A 5/1 ARM can get you into the same house but with lower initial monthly payments. With a 5-year ARM you may be able to start out with a 6.25% interest rate, therefore making your monthly payments only $985.15 for the first 5 years of the loan. However, after the 5-year fixed period, the interest rate can change based on the index. Because of this, it is essential that you be sure you can still afford the monthly payments if interest rates go up. Most 5/1 ARM’s will have a lifetime payment cap that limits how much the interest rate on your loan can rise.
Weigh your options carefully when deciding on the mortgage product that is best for you. If you want to take advantages of the lower initial interest rates associated with an ARM, but want to have some of the security of a fixed-rate loan, a 5/1 ARM may be the option for you.
If you have any questions about the 5/1 ARM or any other mortgage products please contact 1862 Mortgage. We have a full staff of loan officers in all of our Ruhl&Ruhl offices that would be happy to help you make the best decision.
And as always keep checking RuhlHomes.com for the most up to date information on the housing market.
Some information and statistics provided by: The Mortgage Fortune
Tags: 1862 Mortgage, ARM, financing, housing market, interest rates, iowa real estate, mortgages, Real Estate, real estate financing, refinancing, Ruhl&Ruhl Realtors, RuhlHomes
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Tuesday, November 30th, 2010
You might not make a ton of money, but you’re unlikely to ever score a better deal.
Is now the right time to invest in a house? Trick question. Actually it’s two questions. Question 1: Is now the time to buy? Questions 2: Is buying a house a good investment?
The first answer is easy: With a few exceptions, if you have 20% to put down and good credit, now is a great time to buy. That’s been the case all year, and I’d argue that we’re probably closer to the end than to the beginning of the really great time. Let me explain.
Back in January home prices had dropped 28% from their peak. More important, interest rates were at historical lows. By locking in a mortgage for 15 or 30 years on a value-priced home, you were getting an incredible deal, even if home prices decreased. At the time I thought that prices and rates were more likely to rise than fall. I was half right: Home values have been inching up since the spring, but mortgage rates, incredibly dropped further.
By August the median home price had risen 1% over a year ago, but 30-year rates had dropped a half-point to 4.5%. Assuming 20% down and a 30-year mortgage, the total cost of owning a median-priced home is now down $16,000 from a year ago. Home values may waffle over the coming year, but because Americans take out such large, long mortgages, rates are what really matter. It’s far more likely that rates and the cost of ownership will rise.
Now for question #2: Is a home a good investment?
First, it depends on what you mean by investment. If your definition is strictly about dollars returned, a house probably won’t be a great use for your capital. If you bought the median-priced house today with 20% down, to recoup your total costs over three decades, the home would rise about 3% a year. That’s likely, but you almost certainly will do much better in the stock market. The fact is, however, that that’s the normal case for housing; the booms that began after World War II and in the late 1990’s were the exceptions.
Of course, there are places where you might do better. A smaller, energy-efficient housing in cities or inner suburbs around San Francisco or Chicago is likely to be in higher demand than big, outer suburban homes with long commutes to Las Vegas or Atlanta. According to urban and environmental planning professor William Lucy of the University of Virginia, this move toward urbanization in American housing is the reversal of a trend that’s been in place since 1945. Keep in mind when making your buying decisions.
That said, the key point to remember is this: Buying a fairly priced home at today’s rates may be the best deal you will ever get. And who knows? It may even turn out to be a good investment.
Keep checking RuhlHomes.com for the most up to date information on the real estate market!
Provided By: CNNMoney.com
Tags: agents, Building, buying, Buying a Home, buying a house, caroline ruhl, davenport, eastern iowa, first time buyers, home, home buying, home search, house buying, housing market, illinois real estate, Illinois Real Estate Market, iowa city area, iowa real estate, iowa real estate communities, Iowa Real Estate Market, mortgage rates, multiple listing service, quad cities, Quad Cities Real Estate, Quad Cities Real Estate Market, Real Estate, Real Estate News, Real Estate Sales Volume, regional markets, Ruhl and Ruhl, ruhl&ruhl, Ruhl&Ruhl Market Share, Ruhl&Ruhl Realtors, RuhlHomes, sales volume
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Friday, September 3rd, 2010
Following a sharp drop in the months immediately after the expiration of the home buyer tax credit, pending home sales have modestly risen, according to the National Association of Realtors.
The Pending Home Sales Index, a forward-looking indicator, rose 5.2% to 79.4 based on contracts signed in July from a downwardly revised 75.5 in June, but remains 19.1% below July 2009 when it was 98.1. The data reflects contracts and not closings, which normally occur with a lag time of one or two months.
Lawrence Yun, NAR chief economist, cautioned that there would be a long recovery process. “Home sales will remain soft in the months ahead, but improved affordability conditions should help with a recovery,” he said. “But the recovery looks to be a long process. Home buyers over the past year got a great deal, and buyers for the balance of this year have an edge over sellers. For those who bought at or near the peak several years ago, particularly in markets experiencing big bubbles, it may take over a decade to fully recover lost equity.”
Yun added, “Affordability could reach a generational high in the second half of this year because of rock-bottom mortgage interest rates, helped partly by the Fed’s very accommodative monetary policy. The loan underwriting standards are tighter, but home buyers can improve their chances of getting a loan by staying well within their budget.”
The PHSI in the Northeast rose 6.3% to 62.5 in July but is 21.1% below a year ago. In the Midwest the index increased 4.1% to 66.7 but remains 25.7% below July 2009. Pending home sales in the South rose 1.2% to an index of 86.3, but are 15.6% lower than a year ago. In the West the index jumped 11.6% to 95.0 but is 17.6% below July 2009.
The national index had fallen 29.9% in May and another 2.8% in June.
For more information, visit www.realtor.org.
Keep checking RuhlHomes.com for the most up to date information on the real estate market!
Courtesy of: RisMedia
Tags: caroline ruhl, first time buyers, home buyer programs, home sales on the rise, housing market, illinois real estate, illinois real estate communities, Illinois Real Estate Market, iowa real estate, iowa real estate communities, Iowa Real Estate Market, pending home sales, pending home sales on the rise, Quad Cities Real Estate, Quad Cities Real Estate Market, Real Estate News, Real Estate Sales Volume, regional markets, Ruhl and Ruhl, ruhl&ruhl, Ruhl&Ruhl Market Share, Ruhl&Ruhl Realtors, RuhlHomes, sales volume, tax credit, tax incentive
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Thursday, September 2nd, 2010
Ruhl&Ruhl REALTORS proudly collected 10,947 pounds of food for the 2010 Student Hunger Drive Corporate Challenge and earned the prize for the Most Creative Company at the annual Clucky awards.
“I am so proud of our company’s participation in such a wonderful community organization,” said Caroline Ruhl, President of Ruhl&Ruhl REALTORS. “There was quite the competition between our offices this year, which really pushed our donations to the next level.”
Each of the Ruhl&Ruhl offices that participated, including Bettendorf, Clinton, Corporate, Davenport and Moline, had unique events to get the donations collected, such as penny wars and potlucks.
It was a record setting year for the organization, collecting 77,432 pounds of food for the River Bend Foodbank in the corporate challenge. The Student Food Drive is an effort conducted by area high school students to collect and donate food to the River Bend Foodbank. The Foodbank serves over 300 charitable feeding programs throughout a 22 county service area. This year, the Quad-City Times received the overall prize by collecting 13,144 total pounds of food.
A special thanks goes out to our team of volunteers: Rose Wulgaret, Moline Office; Pat Johnson, Davenport Office; Marybeth Chupka, Bettendorf Office; Norm Vande Kamp, Clinton Office; Doug Himmelman, Corporate Office; Bridget Drenter, Corporate Office; Allyson Holub, Corporate Office and Sally Atwell, Corporate Office.
A family-owned company since 1862, Ruhl&Ruhl REALTORS annually sells nearly 3,800 homes in eastern Iowa, western Illinois and southwestern Wisconsin. Caroline Ruhl is the President and owner of Ruhl&Ruhl REALTORS, and is the fourth generation of the Ruhl family to lead the residential brokerage and home services company. Headquartered in Davenport, Iowa, the company has 250 sales associates and 50 employees based in sales offices located in Bettendorf, Cedar Rapids, Clinton, Coralville, Davenport, DeWitt, Dubuque, Maquoketa, and Muscatine, in Iowa, and in Moline, Illinois. In addition to residential sales, Ruhl&Ruhl offers services in relocation, new home sales, farm sales, senior services, real estate investment, property management and mortgage services through 1862 Mortgage. For more information on Ruhl&Ruhl, visit their website at http://www.ruhlhomes.com/ .
Tags: caroline ruhl, davenport, eastern iowa, giving back to the community, housing market, hunger drive, illinois real estate, illinois real estate communities, Illinois Real Estate Market, iowa real estate, iowa real estate communities, Iowa Real Estate Market, pounds of cans, Quad Cities Real Estate, Real Estate, real estate communities, Real Estate News, Ruhl and Ruhl, ruhl cares, ruhl&ruhl, Ruhl&Ruhl Market Share, Ruhl&Ruhl Realtors, RuhlHomes, Student Hunger, Student Hunger drive
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Thursday, August 12th, 2010
Caroline Ruhl, President of Ruhl&Ruhl REALTORS, is pleased to announce the addition of a Cedar Rapids Office.
Ruhl&Ruhl is the 96th largest residential real estate company in the country in sales transactions, according to the National Association of Realtors. They are the largest real estate company in eastern Iowa.
Cedar Rapids will be Ruhl&Ruhl’s 10th office – their other residential sales offices are located in Bettendorf, Davenport, Clinton, Coralville, DeWitt, Maquoketa, Muscatine and Dubuque, Iowa; and in Moline, Illinois.
The company belongs to 11 different Multiple Listing Services and properties for sale from all these markets are available to the public on their website at RuhlHomes.com. The 253 agent company has been serving families in the region since 1862 and Caroline Ruhl is the 4th generation of Ruhl’s to lead the organization. Her son, Chris Beason, is the 5th generation and works in their Davenport Office.
“We are excited to open an office in Cedar Rapids so we can better serve our current and future clients in the area,” said Ruhl.
Ruhl&Ruhl currently has 19 agents who belong to the Cedar Rapids MLS and two more in pre-licensing classes. The company recently opened a temporary office located at 383 Collins Road, NE, Suite 100, Cedar Rapids. Working from this office are Cedar Rapids agents Carole and Dana Benson, Kathy Louvar, Tim Stanley, and Mary Kay Starks and Rod Starks from Delhi. Soon to be licensed are Beth Brockette and Marilyn Gill.
Ruhl&Ruhl has been marketing homes in Cedar Rapids for four years with agents from their Coralville office who also belong to the Cedar Rapids MLS. Those agents are: Jim Cannon, Paul Ellis, Travis Hiatt, Chad Keune, Lisa Lynes, Mike Morrow, Kelley Myers, Jean Newlin-Schnake, Anna Pauly, Tia Perez, Marc Simpson, Roxanne Sisneros and Jeremy Willis.
Ruhl&Ruhl will have a grand opening at their new office at 5805 Council Street, NE, Cedar Rapids in November. This state-of-the-art facility is currently in the design and build-out stage.
The people at Ruhl&Ruhl are committed to making the home buying and home selling experience easy, fun and hassle free. “Our clients need sales associates they can trust who will be their knowledgeable advocates, guiding them through the home sale or home purchase process. Our people really care about our clients and strive to exceed expectations. At Ruhl&Ruhl, our people are the difference,” said Ruhl.
In addition to residential sales, Ruhl&Ruhl specializes in relocation services, working with top companies such as Cartus, Primacy, Prudential and SIRVA. The company also offers services in real estate investments, new home sales, land development, farm sales, senior services, property management, home vendor services, and mortgage services through 1862 Mortgage.
Ruhl&Ruhl is a family-owned company that annually sells nearly 3,800 homes in eastern Iowa, western Illinois and southwestern Wisconsin. The company started in a little German grocery store in west Davenport, Iowa, from which insurance and real estate also were sold. Now, Ruhl&Ruhl has grown to more than 253 sales associates, 52 employees and 10 offices, yet their commitment to providing service with quality, value and integrity remains firmly rooted.
For more information on Ruhl&Ruhl, visit our new office at 383 Collins Road, NE, Suite 100, Cedar Rapids, call 319.373.7845 or visit us online at RuhlHomes.com.
Tags: agents, Benson Team, Building, Carole Benson, caroline ruhl, Cedar Rapids, Cedar Rapids Real Estate Market, Cedar Rapids Realtors, housing market, ia, iowa city area, iowa real estate, iowa real estate communities, Iowa Real Estate Market, Kathy Louvar, Mary Kay Starks, multiple listing service, quad cities, Real Estate, Real Estate News, Rod Starks, Ruhl and Ruhl, ruhl&ruhl, Ruhl&Ruhl Cedar Rapids, Ruhl&Ruhl Market Share, Ruhl&Ruhl Realtors, RuhlHomes, Tim Stanley
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Friday, July 16th, 2010
Caroline Ruhl, President of Ruhl&Ruhl REALTORS, is pleased to announce that Michael R. Wendt II has assumed the role of Ruhl&Ruhl General Sales Manager.
Wendt, who has worked at Ruhl&Ruhl for two years as the Legal Compliance and Customer Relations Manager, will continue his current duties for the company in addition to being the direct report for Ruhl&Ruhl office managers.
“We are pleased that Mike is stepping up to a new challenge,” Ruhl said. “He has demonstrated his tremendous skills and knowledge, which make him well-suited for this new role.”
Prior to his position at Ruhl&Ruhl, Wendt was an associate with the law firm of Califf & Harper, P.C. in Moline. He received his undergraduate degrees from Drake University in 1997 and his Master’s Degree in Urban and Regional Planning, as well as his M.B.A. focusing on Real Estate Finance, from the Henry B. Tippie School of Management at the University of Iowa in 1999. In 2005 he received his Law degree from the University Of Illinois College Of Law, and joined the Illinois Bar in 2005, and the Iowa Bar in 2006. Wendt has also been a licensed Broker since 2004 and is currently licensed in Iowa, Illinois and Wisconsin.
Wendt is a native of Moline and currently sits on the board of the Moline Youth Football Association, is a member of the Moline Plan Commission, and is President of the Quad Cities Illini Club. Wendt is also a member of both the Optimist and Rotary clubs in Moline. He and his wife Eileen Wendt have three kids; Kendall, Carson and Jack.
A family-owned company since 1862, Ruhl&Ruhl REALTORS annually sells approximately 3,400 homes in eastern Iowa, western Illinois and southwestern Wisconsin. Caroline Ruhl is the President and owner of Ruhl&Ruhl REALTORS, and is the fourth generation of the Ruhl family to lead the residential brokerage and home services company. Headquartered in Davenport, Iowa, the company has 250 sales associates and 50 employees based in sales offices located in Bettendorf, Cedar Rapids, Clinton, Coralville, Davenport, DeWitt, Dubuque, Maquoketa, and Muscatine, in Iowa, and in Moline, Illinois. In addition to residential sales, Ruhl&Ruhl offers services in relocation, new home sales, farm sales, senior services, real estate investment, property management and mortgage services through 1862 Mortgage. For more information on Ruhl&Ruhl, visit their website at www.RuhlHomes.com .
Tags: agents, caroline ruhl, davenport, dubuque, eastern iowa, illinois real estate, illinois real estate communities, Illinois Real Estate Market, iowa city area, iowa real estate, Iowa Real Estate Market, Mike Wendt, quad cities, Quad Cities Real Estate, Quad Cities Real Estate Market, Real Estate, Real Estate Managers, Real Estate News, realtors, Ruhl and Ruhl, ruhl&ruhl, Ruhl&Ruhl General Sales Manager, Ruhl&Ruhl Market Share, Ruhl&Ruhl Realtors, RuhlHomes, Wendt
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Friday, July 2nd, 2010
After a close call with the deadline, Congress has passed an extension of the Homebuyer Tax Credit closing deadline until September 30, 2010. The extension applies only to transactions that have signed contracts in place as of April 30, 2010 that have not yet closed. This new deadline applies to both the $8,000 tax credit for first-time homebuyers and the $6,500 tax credit for repeat homebuyers. Congress sited unique circumstances and a back log of closings as factors in not being able to make the original closing date deadline of June 30, 2010.
The legislation is designed to create a seamless extension to the new closing deadline for an eligible transaction. There would be no gap between June 30 and the date the President signs the bill into law, which he is anticipated to do so this week.
Keep checking RuhlHomes.com for the most up to date information on the real estate market.
Tags: agents, caroline ruhl, eastern iowa, first time buyers, home buyer programs, housing market, illinois real estate, illinois real estate communities, Illinois Real Estate Market, iowa real estate, iowa real estate communities, quad cities, Quad Cities Real Estate, Quad Cities Real Estate Market, Real Estate News, Real Estate Sales Volume, ruhl&ruhl, Ruhl&Ruhl Market Share, Ruhl&Ruhl Realtors, RuhlHomes, tax credit, tax incentive
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Friday, May 28th, 2010
Together, with 1862 Mortgage, Ruhl&Ruhl REALTORS will be hosting an informational seminar regarding VA mortgages. Veterans have many financing benefits that they may not be aware of, including:
- Up to 100% financing available
- No monthly private mortgage insurance (PMI)
- Additional IFA/Government Grants available
- Additional assistance for disabled veterans
In addition, the Homebuyer Tax Credit has been extended for a full year for members of the military, the foreign service and the intelligence community. For these homebuyers, the tax credit applies to sales with a binding sales contract in place on or before April 30, 2011 and closed by June 30, 2011. Attend to learn more!
Thursday, June 3rd at 6:30 pm
Ruhl&Ruhl REALTORS
903 6th Avenue, DeWitt
RSVP to Kristie by June 1st at 563.659.9433
A family-owned company since 1862, Ruhl&Ruhl REALTORS annually sells approximately 3,400 homes in eastern Iowa, western Illinois and southwestern Wisconsin. Caroline Ruhl is the President and owner of Ruhl&Ruhl REALTORS, and is the fourth generation of the Ruhl family to lead the residential brokerage and home services company. Headquartered in Davenport, Iowa, the company has 240 sales associates and 50 employees based in sales offices located in Bettendorf, Bellevue, Clinton, Coralville, Davenport, DeWitt, Dubuque, Maquoketa, and Muscatine, in Iowa, and in Moline, Illinois. In addition to residential sales, Ruhl&Ruhl offers services in relocation, new home sales, farm sales, senior services, property management and mortgage services through 1862 Mortgage. For more information on Ruhl&Ruhl, visit their website at www.RuhlHomes.com.
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