Roman Realty Group will be hosting a Home Buyer Seminar this year. Our goal is to educate the community on the home buying process from start to finish. I spoke to loan officer Demond Johnson from Guaranteed Rate regarding the new FHA changes & I would like to share with you what he said: ‘Emelin, there’s a significant and welcomed change coming to FHA in a few days. The monthly mortgage insurance premium is dropping from 1.35% to 0.85%. This will lower FHA mortgage payments for both new buyers and those who refinance. The change is happening January 26. FHA 30yr fixed rate on purchases is down to 3.25%. FHA Streamline Refinances are down to 3.375%. A homeowner with an existing FHA loan can refinance without having to order a new appraisal.’ Imagine all this knowledge housed in one location, how exciting!!!
I filed bankruptcy (Chapter 7) in 2005 and this year it finally comes off my credit report!! I have worked extremely hard to rebuild my credit. I remember the 1st car I financed after the bankruptcy had an interest rate of 29.9% I paid that baby off ($36,000.00 in interest ONLY) the 2nd car I was able to finance was a Lexus IS250 with a 2.9% interest rate. My current credit score is a 795 with a bankruptcy on record. I wanted to share my story with you to show you that all things are possible. Whatever you are going through do not lose hope you can buy a home and you can rebuild yourself. Do not get discouraged we are here to help you. Our goal is to have our 1st buyer seminar in April 2015. We would like to have a team of experts available to speak to you in areas such as: credit repair, financing, insurance, taxes, construction and of course real estate. Please let us know if you would be interested in attending so that we can start putting this event together. Thank you for your time we look forward to meeting everyone.