(954) 547.4601


srathe@comcast.net

Monday, November 24, 2014

Don't miss this gorgeous 6-Bedroom home sitting on one of the largest lots in Sunset Lakes.  This impeccable home overlooks the beautiful lake and pool. This home features a large covered patio perfect for entertaining! The gourmet kitchen has a large center island and walk-in pantry. The master suite has huge walk-in closets, dressing area and an enormous bathroom. This home is offered at $725,000. Call Sandra Rathe at 954-547-4601 for more information.


Monday, November 17, 2014

As we enter the final two months of the year, there is much to be excited about when it comes to mortgage lending.  The availability of various mortgage products and the presence of low interest rates are two of the main reasons why consumers were able to experience the American dream of homeownership this year and why many more will do the same as we close out 2014.

2014 may be remembered as the year where interest rate experts were completely wrong about rates.  As we entered this year, many experts had predicted that rates would hit 5% by the summer.  As the summer came and went, this prediction proved to be false and we actually saw a drop in rates.  More bad news for experts followed last month when rates dropped even further and hit the lowest mark seen since June of 2013. The 30yr fixed rate dropped below 4% and the 15yr rate dropped to 3.25%.  This sudden drop in rates created a significant increase in refinance applications. Hopefully, this will encourage prospective buyers to hurry up and find their dream home before the year ends.  The drop in rates we experienced last month was anywhere from .25% to .375%.  This is about $660 a year in interest savings on a $250,000 loan. 

In addition, there are numerous loan programs available which are becoming increasingly aggressive with the hopes of encouraging buyers back into the real estate market.  If someone is looking to put the least amount of money down as possible, then the FHA loan with 3.5% down is a great option.  This loan is available with credit scores as low as 580 and debt to income ratios as high as 56.9%!  The downside of FHA has been the high mortgage insurance it carries. However, there have been some positive modifications to that recently and, if FHA loans continue to perform well, then it should continue to improve.

Conventional (aka Fannie Mae and Freddie Mac) loans recently brought back the 3% down program in an effort to compete with FHA.  Credit scores need to be a little higher (minimum of a 620 score) and debt to income ratios cannot exceed 49.9%. These loans do carry lower mortgage insurance rates as long as you are putting down less than 20%.  The following are some other niche programs that are now available to consumers:

  • 1yr self-employed tax returns

  • 95% financing on condos – owner occupied; 90% - second home; condo must be Fannie Mae approved or it requires a full review; 75% financing on non-approved condos

  • 70% financing for Foreign Nationals – purchase or refinance; delayed financing available – if you just paid cash for a property you can turn right around and pull the money back out.

  • Gifts allowed – 95% conventional loans allow the entire down payment to be a giftand same with FHA; gifts must be from an immediate family member

  • 100% financing on VA loans – Can be 2 years out of a foreclosure, short sale or bankruptcy and still qualify.Rates are lower than conventional rates and no mortgage insurance! The VA refinance program allows Veterans to refinance without an appraisal and no income or assets need to be shown.Incredible program!

    If you have any questions about this topic please do not hesitate to contact me. To learn more about our company and mortgage products, please feel free to call Dan Longman, President of Priority Lending Corp, at 954-438-3776 ext.11 or email me at prioritydan@bellsouth.net. Visit us online at www.prioritylendingcorp.com 


Thursday, October 30, 2014

If you are looking for a large rental home for your family, look no further! This home is spacious and bright and features a modern kitchen with granite countertops, stainless steel refrigerator and lots of counter space and a breakfast bar! This 1-story dream house also features a formal living room and formal dining room with a large open family room. And don't miss the elegant master suite with dual walk-in closets and luxurious master bath with roman tub. This home also features beautiful wood floors in all the formal rooms. All complete with a totally private backyard with no neighbors in the back! This rental is offered at $3000 per month. Please call Sandra Rathe at 954-547-4601 for more information.


Monday, October 27, 2014

Don't miss this spectacular wide lake view from this pristine 4 bedroom pool home! This home also features a large open kitchen with breakfast area and snack bar. And enjoy the amazing lake views from your oversized screened in and covered patio. Perfectly located on a quiet cul-de-sac. Offered at $469,000 by Sandra Rathe, EWM Realty


Thursday, October 09, 2014

This gorgeous townhome features over 2,200 sq. ft. of living space all totally upgraded! The kitchen is complete with beautiful granite countertops and all new stainless steel appliances, center island and breakfast bar. This home also feature all new stunning marble flooring throughout the first floor and gorgeous new rich wood flooring on the second floor. And on your way upstairs, don't miss the spectacular wood stairs with beautiful custom-made wrought iron railing. The home features 2 1/2 baths totally remodeled, and to top it all off, the 2-car garage is completely tiled. The home also has a security system with cameras and accordion hurricane shutters for your protection. And for entertaining, the backyard is fully fenced in for total privacy and has a large patio so you can sit and enjoy paradise. This home is offered at $399,000 by Sandra Rathe, EWM Realty, and join us for an OPEN HOUSE Sunday October 11th from 1pm - 3pm (Gate code 0092) See you there!


Thursday, September 18, 2014

Don't miss this amazing 5 bedroom 3 bath home in Grand Isle at Sunset Lakes. This home features breath taking spectacular mile wide lake views and a gorgeous pool. This home sits on an oversized lot fully fenced in with aluminum fencing. And for entertaining, this home features a large patio with covered sitting area. The home is freshly painted with beautiful warm neutral colors to complement any décor. The master bedroom in complete with a large sitting area overlooking the lake for total relaxation. The luxurious spa master bath has separate toilet room and separate his and hers sinks. And for your protection, all windows and doors are equipped with accordion shutters. This home is offered at $579,000 by Sandra Rathe, EWM Realty 954-547-4601. For more information please contact Sandra directly, or visit her website at www.sandrarathe.com.


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