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The Tulsa “As-If” Tulsa House Loan- What is it?
19:10- Tulsa House Loans- As-If Tulsa Home Loan
An “As-if” Tulsa House Loan is a product that TTCU offers. The name may leave you wondering, “What is an As-If Tulsa House Loan? An As-If Loan is one that is based on the completed value of the house, before the home has been completed or remodeled. This is a one time close loan. We get a list of all the things that you want to do in your home. You get a bid on the work and we do an appraisal based on what the home value would be when it is finished with that list. It is an “As-if” it was finished Tulsa house loan. Many first time home buyers in Tulsa either want to live in an area that is out of their price range or want more than what they can afford. This loan can often help enable you to get the home you want, often at a lower price, instead of buying one already remodeled at a higher price. For many seeking a Tulsa house loan, working with new construction or homes that need to be remodeled ends up costing them much more than a regular loan. With a traditional new construction loan- or one used when you purchase a home and then remodel- you end up have more than one mortgage and more than one closing. With each closing and mortgage come closing costs and sometimes higher interest rates. Then, when the work is complete, you refinance to get one mortgage and a lower interest rate. That costs more in closing costs. Those higher interest rates and multiple closing costs add up and cost lots of unnecessary money. With TTCU’s As-If loan- you will get one loan. When the contractor does does the work, he gets his money. This can allow you, as a Tulsa home buyer, to enjoy your Tulsa area home and get a good investment.
Buy Tulsa Real Estate Now?- The Future of Real Estate
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1:50- John 3:16
10:50- Buy Tulsa Real Estate?
40:30- Purchasing Land
44:35- Insurance Trends for 2015
John 3:16 Mission works with people who have become homeless to get back on their feet. They also are a great source to help men become the men they need and want to be. They help get them back into employment, which helps bring their dignity back. They do not simply provide food and shelter. They also don’t just provide a hand out. They are providing a help up for those who’ve been in unfortunately situations. The people John 3:16 helps, truly want to work but have just had unfortunate situations. Help John 3:16 restore people. For information on donating or volunteering with John 3:16 Mission, contact them at www.john316mission.org.
Is Now The Best Time To Buy Tulsa Real Estate?– The Feds have declared that they will raise consumer interest rate in 2015. This will affect mortgage rates. If purchasing is a plan in the near future, many people are considering doing it now. Some are doing it in order build or buy a new home. Others are considering business and commercial opportunities. Many years ago, we recall the price of property being at X amount and now we know that the value of the property is worth much more. That is a reminder that purchasing while rates are low enables owners to own property for less. Remember to consider if you want to buy a home or build a home that you want to own? Whatever you desire- commercial or residential- consider when is the best time to buy? Contact the professionals at TTCU The Credit Union or Darryl Baskin of eXp Realty to help you discover what the best choice is for your family and your situation. For all your Tulsa mortgage needs, contact TTCU at 918-749-8848 or www.ttcu.com.
Success with Significance is a video series that features interviews with different successful persons. Lots of great information and information on successful people from the Tulsa area. Visit the link provided to watch.
Purchasing Land in the Tulsa area can mean a big difference in financing options. The loan options are different. You can pay cash but for financing things are different. There is raw land where there is no utilities or buildings. There is also land with buildings or utilities. Each requires different financing and different loans. Contact TTCU for more information at 918-749-8828 or www.ttcu.com
Tulsa Insurance Trends for 2015– Tedford Insurance is an independent insurance company meaning that we work with different carriers. As far as pricing goes, many customers have seen insurance prices double or triple in the last couple of years. Because of the amount insurance has paid out in home claims the last few years (appx $1700 per home) Oklahoma insurance rates and statistics didn’t look good. Because 2014 was a pretty good year with lower claims, 2015 should level off with pricing. There are also higher wind/hail deductible trending now. For many homeowners, this is a change from what their policy was previously. There is also a trend towards actual cash value on the roof versus paying full replacement value. When purchasing a home consider the age of the roof, and how the insurance company treats various roofing factors in the policy. Another thing to consider is that credit score plays a role in the cost of your insurance costs. There is a strong correlation between late and slow pay and the likelihood of claims. A great way to help offset this is to keep your credit score in good health and make sure you are not late or failing to pay your bills. For all your Tulsa area homeowners insurance needs, contact Tedford Insurance at 918-299-2345 or www.tedfordinsurance.com.
The Future of Real Estate- Preparing Your Tulsa Home for Sale
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5:00- John 3:16 Mission
16:57- Preparing Your Tulsa Home For Sale
29:55- Interest Rates
49:19- Risk Management 101
John 3:16 Mission supports Tulsa area homeless persons. They provide food, shelter, clothing, and much more to those who have, for many reasons, found themselves without a home. John 3:16 Mission is not just a hand out it is a hand up as they work to help the homeless back to their feet and be able to provide for themselves. For more information on John 3:16 Mission contact them at john316mission.org or 918 587-1186.
Preparing Your Tulsa Home For Sale– There are many things that need to happen while preparing your home for sale. This process can be broken down into bits and pieces so that the process isn’t as stressful, overwhelming, and time consuming. Read the helpful article at Home Guide Tulsa now and begin the process of preparing your home for sale. Keep in mind you want to buyers to be able to picture themselves in your home. If your home is overwhelmed with family pictures of extremely personalized things buyers will have a hard time to seeing themselves there. It doesn’t mean that there should be no pictures of family but just not too many or walls full of them. Also, its a good time to get rid of clutter and the things that you don’t use regularly. You can put these things in storage or if you don’t have tons of stuff, consider putting it in the garage. If placing in the garage, consider putting it in a rectangular shape where your car would be parked. This helps buyers visualize a car fitting there. If you put it up against the wall, the garage will feel smaller. For more information on preparing your Tulsa Home for sale, contact The Baskin Real Estate Specialists of eXp Realty at 918-732-9732(Darryl), 918-740-0077 (buyer hotline), 918-258-2600 or www.darrylbaskin.com.
Tulsa mortgage– Rates will be going up. Rates cannot stay this low forever. Sometimes it seems like we keep claiming rates will go up but they remain low. They will go up. Consider your families needs over the next 5-10 years. If you will be needing a larger or smaller home or different home needs, consider moving sooner versus later. Everyone has different needs and the same decision isn’t right for everyone. Think carefully through your needs and your future goals and plans. Would a higher house payment be a hindrance? Will you be stuck in your home if interest rates increase? Talk to your Tulsa mortgage officer or Tulsa Realtor for some professional advice. Contact TTCU The Credit Union at 918-749-8828 or www.ttcu.com.
Risk Management 101– Risk is uncertainty. MEAT is an acronym we will use for risk management.
If you do a high wire act, there is some risk management that will occur. Here are some examples….
M- Mitigation- harness myself in- mitigate the risk of falling.
E- Eliminate- don’t do it.
A-Accept risk- it is what it is- do it anyway.
T- Transfer- pay someone else to do it for you- transfer risk to insurance company.
This is a basic look at risk management but there are other things to consider. The insurance company may require certain things in order to give you the policy or they pay completely deny the policy. For more information on Tulsa area insurance contact Tedford Insurance at 918-299-2345 or www.tedfordinsurance.com.
Court Appointed Special Advocates– CASA is an organization that speaks for children that have been placed into state custody. These kids are generally taken out of their home because of allegations of abuse or neglect. They are placed in unfamiliar surroundings with people they don’t know. CASA volunteers are often the only stable person in the life of the child during this time. Volunteers gather information from everyone involved in the case and give it to the judge so that they can make the best decision for the life of the child. Training is free! Contact CASA at www.casa.org for more information on the CASA program.
Safari’s Exotic Animal Rescue– Safari’s takes in animals that are often pets. Many people purchase a wild animal for a family member and later realize it was not a good decision and must find a new home. Other times zoo’s that lose funding and must close must have a new home as well. They need volunteers and donations to keep the rescue going. Safari’s isn’t open to the public. For more information on Safari Zoo visit http://www.safarizoo.com/.
Tulsa Mortgage– Interest Rates are at almost record lows. You would have to go back to pre-1939 to find rates this low. If your interest rate is above 5% you should definitely consider refinancing. You could possibly even go from a 30 year note to a 15 year not and keep your payment the same while saving10+ years of payments. Lender fees are only $649 for any mortgage. The experts at TTCU The Credit Union can help you run your figures and payments and ask you questions to help you determine whether refinancing is a good choice for you. 918-749-8828 or www.ttcu.com.
For all your Tulsa real estate needs and questions, contact The Baskin Real Estate Specialists of eXp Realty at 918-732-9742 or 918-740-0077.
Tulsa Condo Insurance– There is a difference when insuring a condo versus home. A homeowners policy (stand alone home) uses an H03 policy a renters policy is an h04, and a condo policy is an h06 (combination of a homeowners policy and a renters policy- has shared walled and roof). With a condo policy the insurance coverage varies depending on the association guidelines and other factors. Sometimes things such as sheetrock, tile, cabinets, etc are not covered under insurance. With these types of policies you must know what the association documents say. Your insurance agent won’t always know all of this stuff. It may depend on the experience of the agent. Make sure you are knowledgeable on your own association rules and guidelines and what your insurance policy will cover. For Tulsa condo insurance contact Tedford Insurance at 918-299-2345 or www.tedfordinsurance.com.
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Junior Achievement- 4:40
Tulsa Mortgage Rates- 32:50
Tulsa Insurance- 43:30
Junior Achievement- Junior Achievement is a great program that helps teach kids about the economics of life. Volunteers go into the classro0m and teach a preset curriculum but get to add their experience to it. Many kids don’t know about real estate, running a business, the stock market, managing credit cards, and much more. This can add a life altering experience to many kids lives. They can take this experience into their whole life and realizing the importance of many more things in life. Junior Achievement is the leading program teaching kids these economics of life. For more information on volunteering or being a part of the Junior Achievement program contact Junior Achievement Tulsa.
Tulsa Mortgage Rate Increase– When you purchase when rates are low, it can help you control your costs and can be a huge long term benefit. Imagine the savings over the 30 years of your loan. When purchasing a $200,000 home… a rate of 4% you would have a principle and interest payment of 954.83 If your mortgage rate increase is only 1% and increases to 5%, your payment goes to $1063.74. Over 7 years, that 1% interest rate would be over $7000 more and over 30 years it would be over $30,000 more. Another thing to consider is that at 4% you may qualify for a $200,000 home but at 5% you may only qualify for a $170,000 home. That could also mean you can’t be in the school district you want or the area you want. You may miss out on that special feature, such as a pool. Things are likely to change as the election process comes and goes and new officials are in office. For all your Tulsa area mortgage needs, contact TTCU The Credit Union at www.ttcu.com or 918-749-8828.
Tulsa Insurance– Insurance is for the sudden and unexpected. When you are buying your home and auto you begin to look at facts and history on the vehicle and home. It isn’t always easy to find out the history of these things. Sometimes this history can impact the insurability of your property. This can lead to the possibility of future problems with the home or with the likelihood of you filing unnecessary claims or having claims filed due to lack of due diligence on the homeowners part. For all your insurance needs contact Tedford Insurance at 918-299-2345 or www.tedfordinsurance.com.