Last Chance for an Easy-Appraisal Refi

14 10 2012

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If you’ve been waiting to refinance because there are rooms in your home you’d rather an appraiser not see, then you have 5 business days left.

Until Oct 20, 2012, you may be able to use an exterior-only appraisal for your home– this saves you money, time, and is simpler.

Here’s the link to the Fannie Mae publication for those of you who prefer to read all the details: https://www.efanniemae.com/sf/guides/duguides/pdf/current/rndodu90.pdf

So if you’d like to save more money on a refinance and avoid and issues on the condition of your home, please contact me for a free personalized refinance report.

As always, I’m here to help.

Wilhelm Koenig

405.249.5993





If you have an FHA mortgage, you NEED to watch this:

15 08 2012

Painless refi without an appraisal.

If you bought or refinanced a home with an FHA loan before spring 2009, you could take advantage of the painless, appraisal-free refinance!

Painless refi without an appraisal.

There is no appraisal required, almost no documentation required, and I pay most of your closing costs.  (subject to credit score and loan amount requirements)  Please look at this case study and contact me for a personal savings report.

Painless refi without an appraisal.

 

Wilhelm Koenig

 

 





Modern feel for Putnam City home.

20 01 2012

Very affordable– 4 bedrooms, 2 stories, and it looks like a magazine.

Click here for the video flyer.

Click here for property info.





Where will you be in 15 years?

3 01 2012

How about debt-free?

The average American who starts a 30 year mortgage pays it off in 37 years.  The average American on a 15 year mortgage pays it off in 8 years.

Are you above average?

If so, let’s talk.  I’d like to help you save tens of thousands of dollars on your home.

Wilhelm Koenig

405.249.5993 cell





How to save an additional $150,000 on your home:

30 12 2011

Small step #2.

So you own a home– congratulations!  You’re decades ahead of the average renter and are on the path to win.

Over time, your income will likely increase, and your current debts will decrease.  This can help you make the second small step towards financial freedom: The short-term mortgage.

By refinancing to a 15 year mortgage, your interest rate will usually be 1-3% less than your current 30 year rate.  Also, every dollar you spend gives you the same result as $3 towards a 30 year mortgage.  And in the first 12 months of a 15 year loan, you will build more equity than 4 years of payments on your 30 year loan.

Imagine you’re driving to your beach vacation and you could take a route that would get you to the same destination, but in half the time with only 1/3 of the costs, giving you an extra week of time on the beach.  The catch is you’d have to give up two McDonald’s meals on the trip to enjoy an extra week in paradise.  Which route would you choose?

When you’re ready to make a choice to save more money on your home, I’m ready to help.  Please contact me for a personal savings report, to see how much extra time on the beach you’ll get.

And if you can only afford your current monthly payment, we can usually still save you 1% and a decade of payments with a 20 year loan.  So please reach out to me to see how much you’ll save.

As always, I’m here to help.

Sincerely,

Wilhelm Koenig

405.249.5993 cell





How to get $1/2 Million Dollars Ahead.

27 12 2011

Small steps for big results.

In life, there are a few small actions that you can do that will have a tremendous benefit for you.  The biggest is to start and grow your own successful business.  But whether you’re an entrepreneur or not, everyone needs a roof over their head.  And how you finance that roof can put over $500,000 in your pocket or someone else’s.

The average renter in Oklahoma pays about $750 per month in rent.  Property values and rent typically rise about 3% per year in Oklahoma, and over the 30 years that typically make up your working life, you would have spent $435,019 in rent, and have not even on cent of equity.  That’s what I call a terrible deal.

By buying a home with a similar monthly payment, not only would you own a paid-for home worth $327,680, but you would have saved $53,640 on your taxes as well.  By year five in your home, you would have received more back on your tax returns than you put down for the down payment.  The IRS pays you back for your investment, you make the same monthly payment for a house that pays YOU back.  That’s what I call a smart deal.

Let’s look at the math:

Renting:

Costs                                             $-488,659.00

Benefits                                                      $0.00

Total                                             $-488,659.00

Owning a home:

Costs:                                            $-237,172.00

Benefits, equity                            $327,680.00

Benefits, tax savings                      $53,640.00

Total                                                $144,148.00

So you can pay almost $1/2 Million to a landlord for no benefits, or you can pay yourself and come out over $1/2 Million ahead.  It’s your choice.  And when you’re ready to make a smart choice for you, I’d like to help you.

Wilhelm Koenig

405.249.5993 cell





Wanna buy a home at 50% off?

22 12 2011

The catch?

You must be a good neighbor.

Seriously.  There is a program called the Good Neighbor Next Door that allows teachers, law enforcement officers, and firefighters/EMTs to buy a home at half off the list price.  I call this the “Half Off Homes for Heroes” loan.  HUD offers this program because they have foreclosed homes in neighborhoods that they want to revitalize.  The best way to revitalize a neighborhood is to encourage quality people to live there.  50% off the sales price of a home is a pretty big encouragement, and I am honored to be able to help some of these heroes get an incredible deal on a home for them and their family.

The heros do need to live in the home for three years to get 50% off, the house needs to be a HUD home that qualifies for the GNND program, and the heroes need to be able to qualify for an FHA loan.  Other than that, it’s pretty straightforward.

For more info on the program:

http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/reo/goodn/gnndabot

HUD’s Single Family Home Locator displays maps of REO properties and special programs such as Revitalization Areas.  There are  many revitalization areas across the country. HUD is always working with localities to designate new areas. For information on Revitalization Area Evaluation Criteria, please see Housing Notice 11-02.

To search for homes/areas:

http://sfgis.hud.gov/index.html

If you are a hero and want to buy a home and save thousands of dollars, I’d like to help.  Please contact me to get started with the Half Off Homes for Heroes.

Thank you for your service, and I look forward to serving you and your family.

Sincerely,

Wilhelm Koenig

405.249.5993