Click here to learn more about your home financing options in Tulsa
TTCU Federal Credit Union, in Tulsa, has a selection of financing options available for home buyers. They offer two conventional type loans which allow for no money down. These options include:
- 100% Financing – You can buy a home without a down payment. This 100% single loan requires a 720 credit score, with adequate credit history, plus closing costs.
- 80/20 Combo Loan – This loan breaks up the costs, 80% is applied to a first mortgage and 20% is applied to a second mortgage. This loan requires a 680 credit score. and some established credit history, plus closing costs.
Keep in mind, down payments and closing costs are separate. The down payment is the amount being paid towards the home. With the financing options mentioned above, no down payment is needed; however, the buyer is responsible for closing costs. Closing costs include all the “extras”, such as taxes, insurance, escrow, and lender fees. When you purchase a home, you’re required to pay 1 year of insurance upfront. Also, money has to be put into a monthly escrow account so when insurance and taxes are due, the money is available.
There are options available to help with closing costs as well. Most programs will allow the seller to pay up to 3% of the sales price towards your closing costs and “pre-pay” items. Take the time to investigate all your options and see how they fit in with your budget. Often, when closing costs are quoted, they don’t include the escrow, so be sure to ask about all fees. Be vigilant when choosing a lender. There have been instances in which buyers received a pre-approval letter, yet they weren’t actually pre-approved! As a Realtor®, when Darryl Baskin sees a pre-approval letter from TTCU, he knows he can trust it.
If the financing options listed above don’t meet your needs, TTCU offers additional programs, such as VA, bridge, home equity, and home improvement loans. Also, TTCU Federal Credit Union will take 0.125 off your interest rate when you close with them; the loan must be a purchase transaction and close at Integrity Title and Closing. TTCU offers some of the lowest closing costs in Tulsa! Visit ttcu.com to fill out an application online, or get more information.
Taking the time to research financing options is part of the “18 Essential Steps” suggested by Baskin Realty Specialists. Buying a home can be a challenge, but when done correctly, it’s a smooth process.
For more information on interest rates, or to complete a loan application online, contact Dan Newbury at TTCU Federal credit Union or visit ttcu.com.
To schedule an appointment with Baskin RE Specialists, with no obligation, visit askinforbaskin.com.
- 7957 S 78th East Ave – 4BR, 3 baths, 2-car garage, outside entrance office, pergola. $225,000
- 8954 W 51 St – 5 acres, 9042 SF welcoming, beautiful family home with classic colonial style entry. The 8-car garage offers room for a workshop or storage. $999,999
- 6708 S Atlanta Pl – 5BR, 3 full baths, office w/separate entrance, new hardwood floor, 2 bedrooms downstairs and optional 2nd master upstairs with private staircase $296,000
This is the valuable free report that will simplify your decision in electing your next Realtor. Written to give you, the home seller, powerful and insightful questions to ask as you interview. Don’t settle for a part-time real estate agent who is “giving real estate a try.” Use this guide to find the best agent for YOU and your property.
Click here for your free report;
20 Questions You Absolutely Must Ask Your Next Realtor Before You Sign on the Dotted Line.
What is “the best deal” when listing your home?
Perhaps you have been thinking of adding your home to the Tulsa real estate market, and now you are ready to call an agent. How do you go about hiring a real estate agent who will get you the best deal at the best commission rate? Listen in to “The Future of Real Estate” at the 7:40 mark to hear Darryl Baskin tell you how to get the best commission rate when listing your house for sale in Tulsa.
When you are thinking of listing your home, what do you have in mind as “the best deal”? We often think we are getting a good deal when our home is listed at a low commission rate, but is this true? Consider what your objective is in regards to listing your house. What is your goal? The real objective is to get your home to a closing. If you get a good deal on the commission, but never make it to the closing stage, did you get a good deal? Alternatively, just because you paid the full rate commission, this does not mean you will get “full rate” service.
Take the time to interview your agents and get to know them. Ask yourself if you can trust this person – is this the person you want sitting across from you at closing? Does this person have my best interests at heart? Darryl offers a free report of “20 Questions to Ask Your Agent Today”. To receive a free copy, text Darryl at 918-732-9732.
For more real estate questions, contact The Baskin Real Estate Specialists of eXp Realty at 918-732-9732 or darrylbaskin.com.
What do you need to know about flood insurance?
When you are in a situation as the people of Houston, Texas presently are, the best thing to do is call FEMA at 1-800-525-0321. This is an unimaginable situation and our thoughts are with the people in Texas. For more information, listen in at 30 minutes to learn more obtaining flood insurance in Tulsa.
Did you know that most home insurance policies do not include “loss of use”? Home owners who live in a flood zone are required to have flood insurance; however, people who do not live in a flood zone, typically do not give it a second thought. As a home owner, flood insurance is something you should consider, even if you are not in a flood zone. There is always a possibility of outside water getting into your home, even if you do not live close to a body of water. In addition, flood insurance does not cost very much. The policy itself is a government policy which is underwritten by your local agent. Call your local insurance agent, or call Bryan Smith at State Farm 918-794-0001, for more information, and pricing.
Transform a Room with Canned Lighting
Many older Tulsa homes don’t provide much in terms of recessed lighting. The good news is that you can easily transform a room with canned lighting.
Join in at 40 minutes to hear more about adding canned lighting to your home. Canned lights are recessed lights which look similar to a can. They are appealing in that they are nearly flush with the ceiling, meaning you do not have fixtures hanging all over your ceiling. Recessed lighting also makes the room feel, and look, bigger.
You may be wondering “how much will this cost”? Steve, at Murray Electric in Tulsa, is able to add canned lights at an estimated $165 per light (including parts and labor). If you wish to have LED lights, that adds an additional $25 per light. Another option is that you can purchase the lights and inserts yourself (based on recommendations from Steve) and Murray Electric can install the lights for you. Murray Electric can send someone to your house to evaluate your needs and provide a quote.
The job in itself may not be a “big job”. If the space exists from previous light fixtures, they can use this space to insert the can light. Otherwise, they will need to cut the sheetrock – a process which they are very careful about. As Steve said, they will not “butcher” your ceiling. They will cut channels and are very considerate of the fact that someone will have to patch up after they are done.
Steve also recommends that you consider adding a whole-house surge protector to protect your circuit board. Lightning does not have to hit your house directly to leave damaging affects; it can hit a transmission line nearby.
For all your Tulsa electrical needs, contact Murray Electric at 918-835-9605 or www.murrayelectric.com.
Avoiding Trouble with your Tulsa Homeowner’s Association at Closing– Understanding what happens with your Tulsa HOA and how to navigate it is part of the process of closing your Tulsa home. When you first decide to put your Tulsa house on the market. have the restrictive covenant made available up front. That will make the process go a little more smoothly when a contract is accepted on your Tulsa home. It will also make the covenants available immediately upon request from either agent. Also make sure your HOA dues are paid in full and there are no past due payments. If they are not paid, they will be taken out of your proceeds at closing. When you close you must get a clear HOA letter from your HOA. If you or your Tulsa county abstracting company can’t get a hold of someone, there might need to be an affidavit signed or they will have to track down the HOA management company to get the information or letter that is needed. Make sure you give your HOA plenty of notice of the sale or listing of your house so that you are not scrambling at the last minute to get the documents needed for closing. For all your questions related to closing on your Tulsa home for sale or abstracts on your Tulsa home, contact Guaranty Abstract at 918- 496-9090 or www.guarantyabstract.com.
What to Do When Your Light Stays on When the Light Switch is Off– Have you ever turned your light switch off only to have the light bulb stay on? In some situations, especially with an LED bulb, if there is any current coming through it will light the LED bulb even when the switch is turned off. If you have a dimmer on that switch, it is possible the dimmer is not zeroing out when the light switch is turned off. Likely, you can simply switch out the dimmer switch to one that is rated for LED bulbs. Every electronic device in your Tulsa home is drawing power even when you have it off. If it is plugged in, it is drawing power. There are special outlet plugs that shut down all electricity to the device when the device is powered off. This can be helpful for certain devices that are not used as often but are still plugged in.
What is it That Gets You Caught on Unlicensed Work on Your Home? If a Tulsa home isn’t going to be your forever home, be especially cautious. Many homeowners think they will save money by doing the work themselves or by hiring someone unlicensed. The problem occurs when the Tulsa homeowner goes to sell the home and an inspector notices that the work was not done to code. Often, the work done initially, that saved the owner so much money, costs much more to repair later. That is often much more than if a professional was paid to do the work to begin with. Many of the problems we encounter are simple but will cost someone to fix because it wasn’t done properly. It is important to have licensed professionals do the repairs because the buyer does not want to buy someone else’s problem. The inspector is likely to find things that are not done to code and will report it. The buyer doesn’t want to buy that problem so as the home seller, you will likely be paying to fix it in order to sell the home. Also remember to check and find out if you need a permit before you do any work. If you want the value of your home to be as high as it can be, either for you or for your family, use a licensed professional up front. For all your Tulsa electrical needs, contact Murray Electric at 918-835-9605 or www.murrayelectric.com.
The Differences of VA Loans– When it comes to closing your Tulsa home, there are some differences. You must have a DD214 when getting a VA Loan. With a VA loan you are not required to pay mortgage insurance, which is generally required when you don’t make a 20% downpayment. The VA guarantees the loan and you can get 100% financing and zero downpayment. There is some difference in the VA loan process however. On the closing side, most of the time, the seller will pay for the termite inspection (roughly $100). There are also some lender fees that show up in this type of loan. The seller is required to pay certain fees that the Tulsa buyer is not allowed to pay. The lender sets those fees. Make sure you know what those fees are, since each lender has different fees at different rates. As a seller, you may need to set limits about which lenders you will work with, if the fees are very high. Most of the time the fees are pretty low, however always make sure that you check up front. It is important to choose a Tulsa lender that has reasonable fees and is committed to getting to closing. For all your Tulsa mortgage needs, contact TTCU The Credit Union at 918-749-8828 or www.ttcu.com.
Tulsa Real Estate For Sale on Tulsa MLS
5101-5103 E 32nd Street Tulsa-$159,900- Duplex, 4 total bedrooms, 4 total bathrooms, 2 bedrooms and bathrooms in each side. One side is currently vacant.
1004 S Willow Avenue Broken Arrow- $215,000- 3 car garage, Union Schools, over 2500 square feet, new paint inside, large rooms.
7201 W Edison Street Tulsa- $1,750,000- 55 acres, beautifully remodeled home, custom Kosher kitchen with 3 sub zero refrigerators, 24 stall barn, plus more.
6718 S Atlanta Avenue Tulsa-$245,000- Short sale, 4 bedrooms, 2 full 1 half bathrooms, great convenient neighborhood.
For all your Tulsa real estate needs, contact Darryl Baskin of eXp Realty at 918-732-9732 or for One Address, Thousands of Homes and the entire Tulsa MLS visit HomeGuideTulsa.
What Electric Issues Will Cost Me More Money on My Tulsa Homeowners Insurance Policy? Insurance Companies have recognized that they can build into their rates based on certain improvements or lack of certain improvements. Insurance companies have noticed that certain things have added risk to them, therefore the cost to insure is increased. When getting insurance quotes, especially on older Tulsa area homes, keep that in mind. For example, some companies will not write a policy for a home with knob and tube wiring. Other companies will write those policies and have built the risks into the rates. There are times when it will save you money to pay for electrical repair on your Tulsa area home up front, versus paying extra each year for your insurance. This question really can only be answered correctly by your Tulsa insurance agent and your Tulsa Electrician. In some cases it is cheaper in the long run to pay for the Tulsa electrical repairs and updates instead of paying more in your insurance policy due to the extra risk. For example knob and tube wiring, pig-tailing the wiring in your home, and many other issues can increase the cost of your policy due to risk. It may be cheaper in the long run to pay for the repairs needed on those items instead of paying the higher insurance premiums. For questions on your Tulsa homeowners insurance policy contact Tedford Insurance at 918-299-2345 or tedfordinsurance.com. For all your Tulsa electrical repairs contact Murray Electric at 918-835-9605 or murrayelectric.com.
QUICK TIP– Did you know that leaving old tires, paint cans, old unusable non-working bikes and cars lying around your home can detract from the value? If you have old items that need to be disposed of talk to your local city office and find out when and where you can dispose of them. Many cities have annual chemical dumps where you can dispose of old chemicals, unused paint, and other items that can’t or shouldn’t be disposed of in the trash.
Tulsa Title Insurance– In order to issue a title insurance policy on your Tulsa area home, there must be certain things completed first. All payments, releases, and documentation for those things must be given to your title company in order to ensure that everything is in order before the title insurance can be issued. Working with a good experienced title and closing company can help you avoid many problems that can occur before closing, or even years later. Talk to your Tulsa area title and closing company about what requirements are needed. For all your Tulsa area title, abstract and closing needs, contact Guaranty Abstract at 918-496-9090 or 918-587-6621 or www.guarantyabstract.com.
What must be done to ensure you have updated plumbing? Updated plumbing depends on the age of the Tulsa house. Insurance companies look at where the greatest cause of failure would occur- toilet supply lines, hot water heaters, etc. Of course updating fixtures, toilets and other visible features is great, there are also things that are not necessarily visible but can lead to major damage. Insurance Companies use a system called CLUE to see what claims have occurred in the home over the years. This helps them determine how many claims have occurred over the years and gives them a clue about what issues may arise. For all your Tulsa homeowners insurance needs, contact Tedford Insurance at 918-299-2345 or tedfordinsurance.com.
Tulsa Area Real Estate For Sale
One Address, Thousands of Homes- Home Guide Tulsa
3909 Battle Creek Drive- well maintained custom built home with all the extras, heated whirlpool tub, gated community.
For all your Tulsa area real estate needs, contact Darryl of eXp Realty at 918-732-9732 or www.darrylbaskin.com.
Forest Trails is a South Tulsa neighborhood that features quality Tulsa custom built homes built in the 80’s. They also feature larger lots with mature trees. If you are interested in properties in Forest Trails or anywhere in the Tulsa or surrounding areas, contact Tracy Jam at 918-508-5247 or Darryl Baskin of eXp Realty at 918-732-9732 or www.darrylbaskin.com.
Midtown Tulsa Real Estate– Midtown Tulsa is generally considered the area between Riverside and Yale and around 5th/11th to 41st Street. Many are wanting to be back in the Midtown area. It is not just a geographic area it is really a way of life. There are more parks, people are concerned about walk-ability, they tend to frequent farmers markets and there are generally more locally owned businesses. In addition to being close to Riverpark, Downtown Tulsa areas such as the Blue Dome and Brady Districts, Guthrie Green, and Utica Square, there is a also a different mind set. The homes generally have more architectural interesting and are often historic as well. For more information on Midtown Tulsa Real Estate contact Lori Cain of eXp Realty at 918-852-5036 or www.loricain.com.
Oklahoma Abstracting Bill– Speaker of the House, Charles McCall, had constituents that were having trouble getting their Oklahoma abstracts because of the length of time it often takes to get done in rural counties. Sometimes it can take longer because the process to track back records to statehood (or even before) is very lengthy. There is also the process of Quiet Title which requires notification. Sometimes there are also Abstractors who are doing things improperly, such as requiring extra funds to get the abstract completed. This bill is intended to bring some transparency to the Oklahoma abstracting process and bring faster return times. This bill will place requirements that will help prevent Abstractors from delaying the process unnecessarily. This bill has passed the Oklahoma House and will be voted on in the Senate soon. For more information on this bill or to contact your Oklahoma State Legislator visit oklegislature.gov.
Tulsa Mortgage– Interest rates have been all over the place lately. With the new President, things have gone back and forth and mortgage rates have fluctuated. This is not uncommon. When you are getting a Tulsa mortgage, you need to work with someone who knows what they are talking about. Let us work with you and discuss your short term and long term plans and goals. There are many products and options that are available. Let us help you find the right fit for your needs. Contact TTCU The Credit Union at 918-749-8828 or www.ttcu.com
Tulsa Area Real Estate For Sale
One Address, Thousands of Homes- Home Guide Tulsa – The entire Tulsa MLS at one address.
10653 S 68th East Avenue Tulsa-$410,000- 4 bedrooms, 3.5 bathrooms, appx 4100 square feet (per appraiser), 1/2 acre lot
171 and Mingo- 35 acres in Bixby (find it at BaskinCommercial.com)
8954 W 51 St Tulsa- $999,999- 4+ acres, 6 bedrooms, over 9000 square feet (per appraiser)