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Contact The Bartusek Group

If you have any questions or need more detailed information, please feel free to contact us via phone at (402) 237-8772 or fill out the form to let us know how we can help with your real estate needs.

Office Location 13340 California St.
Omaha, NE 68154
Phone: (402) 237-8772
Fax: (402) 493-4805

Financing / Mortgages

There are currently 4 blog entries related to this category.

Is it the perfect environment to buy a home?

Thursday, June 2nd, 2011 at 11:31am. 569 Views, 0 Comments.

2007 saw the start of a severe correction in the housing and credit markets.  There are even websites that track closed mortgage lenders.  My favorite is at: http://ml-implode.com/ Our housing market experienced the perfect storm.  In no particular order:

  • Housing values began to decrease
  • The commercial credit market became constricted and even non-liquid
  • Employment markets weakened
  • Down payment requirements increased
  • Mortgage documentation increased and approvals become more difficult
  • Many suburban communities experience over building
  • Each element of the perfect storm fueled the other making the result even worse.  Entire housing markets have been devastated.  Major mortgage lenders and banks have closed.  The big…

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    Is it still a good time to buy?

    Monday, December 13th, 2010 at 1:13pm. 214 Views, 0 Comments.

    Are you considering buying a new home but are not sure if the time is right? While no external market forces can make it the right time for you, they can (or should) convince you to get the process started. Our market is experiencing two external forces that should make you contemplate a new property. For some time now, many buyers have been waiting and watching the interest rate market. Rates were great, and seemingly getting better. When was the right time to ‘catch the falling knife’? Most of 2010 was blessed with 30-year fixed interest rates between 4.25% and 4.75%. These rates are historic records. The Wall Street Journal (Dec. 8, 2010) reports:

    Mortgage rates rose again last week to their highest level since July.
    The 30-year fixed-rate…

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    Lost Tax Credit Got you Down?

    Tuesday, June 15th, 2010 at 12:04pm. 537 Views, 0 Comments.

    You didn’t get your new home bought before the Federal tax credit expired.  You’re feeling left out and foolish for not taking advantage of this opportunity.  You have never seen a check for $8,000 with your name on it.
    Don’t fret.  Step out of the pity-parade and go find your new home.  Why?  Let’s look at the facts.
     
    The National Association of Realtors® (NAR) recently estimated that April sales surged 7.6%.  This is in direct correlation to the tax credit expiration.  If you remember Macroeconomics – as demand for a product increases, so do prices.  Did your friends pay too much for a home so they could get the $8,000 credit?  Bloomberg actually estimated a 27% surge caused by the tax credit.  Ask yourself, if there was a 27% increase in buyer activity,…

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    3 Things You Aren't Hearing in The Media

    Thursday, February 4th, 2010 at 3:22pm. 258 Views, 0 Comments.

    mortgage-house-money_200Our media machine in the US has a bizarre and strange habit of confusing the general public with half-truths and bad information.  The main-stream media’s job is simple –  sell advertisements.  They are continually crafting stories to grab at our emotions.  We read and watch and they sell more advertisements.

    Below are three gotchas that the media isn’t reporting on today.  These may be serious impediments to your new home purchase or refinance.

    Mortgage Rates are going to go up.

    As part of Federal stimulus efforts, the U.S. Treasury committed to buy $1.25 Trillion in mortgage securities.  Expert opinions vary, but conservative estimates tie this to approximately 0.5% to 1.0% artificial reduction of retail mortgage rates.  This program ends…

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