(954) 547.4601


srathe@comcast.net

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.


Wednesday, September 17, 2014

As the father of a 8 year old little girl with special needs, I learned early on that a good sense of humor makes the daily challenges easier to manage. In June 2006, my wife and I weren’t sure if we would ever laugh again. We received the devastating news that our precious first born child, Sienna, had a chromosomal abnormality known as Smith-Magenis Syndrome. She was only four weeks old and had just gotten off of the ventilator following open heart surgery. She had had two very large holes in her heart that quickly sent her into congestive heart failure. We almost lost her one day during a feeding when she stopped breathing and turned blue. The heart surgery needed to happen immediately. Little did we know that this would only be the beginning of our long and difficult journey as first time parents. As soon as the geneticist gave us the diagnosis of Smith-Magenis Syndrome, we went to the Internet to find out more information. We had no knowledge or understanding of the syndrome but we knew our lives would never be the same. We were shocked to read that the major features of the diagnosis included self-injury, aggression, significant sleep disorder and global developmental delays along with several complex medical issues. Our hearts were broken and we felt completely paralyzed.

 

Sienna began intensive speech, physical and occupational therapy when she was three months old. She was significantly delayed in walking, talking, and other areas of development. With a lot of work and a lot of determination, Sienna has come so far since then. She currently attends second grade at Sunset Lakes Elementary in an inclusive classroom with the support of a 1/1 paraprofessional. She loves school and it seems as though everyone in the community knows Sienna. We call her the Mayor because she is always introducing us to new people! Sienna is surrounded by a tremendous amount of love and support. She is a sweet, loving, funny and bright little girl.

 

However, we still have a long journey ahead. Some of the typical behaviors seen in SMS have manifested themselves. She has frequent tantrums that often include some form of self-injury. These unpredictable, erratic behaviors can make daily activities very difficult, sometimes even impossible.  There is no guidebook or map for how to address the complex issues associated with the syndrome. For this reason, we began the Smith-Magenis Research Foundation. It is the first Foundation ever established that focuses 100% of it’s funds towards the support of research.

The SMS Research Foundation supports research to improve the knowledge and understanding of Smith-Magenis Syndrome. Our ultimate goal is to develop viable therapeutic options so that we can tap into the great potential that lies within every individual with Smith-Magenis Syndrome. Since our first fundraiser in 2010, we have given $300,000 to SMS research. Every dollar raised goes directly to our cause. This is important because very little government funding goes to rare disorders. When you support the SMS Research Foundation, you can feel good knowing that you are contributing to a population of people who would otherwise have no hope. You truly are making a difference in the lives of these families.

 

Over the past seven years, we have had many difficult days but we have also had so much to celebrate. We have redefined ourselves and our expectations for our family. Laughter is the best medicine and it is one of the many joys we have been able to add back into our lives since that dark day in 2006. No matter what challenges we all face, there is always something to smile about. That’s why we want you to join us at our 2014 fundraiser, Laugh It Up at the Improv, Hard Rock Hotel and Casino on Saturday November 22nd at 7pm. We have an amazing evening of fun planned: great comedy, and awesome raffle prizes make it easy to help raise money for an important cause. Get your tickets, become a sponsor or make a donation at www.smsresearchfoundation.org. We thank you for your support!


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