For Buyers

Buying a home can be a daunting task. Finding the right neighborhood and choosing a house are the easy parts…it’s negotiating the best price and terms, getting through the loan approval process, the inspections and the appraisal that can take the fun out of the entire process.

There’s no need to go it alone.

The West Bank Living Team has a professional buyer agent standing ready to help you from start to finish. With an in-depth knowledge of the West Bank real estate market and an eye for the best deals out there, Terri can smooth the bumps in the road for you and help you meet your goal of finding the best home at the best price. Since Terri doesn’t work with sellers or list property, you can be sure that she is always working for you, with you and in your best interests.

New Orleans Mortgage Rates | 2/13/2012

Written on February 13, 2012 by Lisa in For Buyers, Real Estate Talk

Just a quick update on current mortgage rates in New Orleans, LA:

The Fed has indicated that based on economic factors, rates will remain low well into 2014.
HUD has brought back the $100 down payment program. Details on this program can be found here.

Remember loan amount, loan-to-value and credit scores will always play a part in the rate that home buyers qualify for.

We are starting to see Investors that buy Mortgage loans (Conventional) add rate adjustments to some loan products that can increase the cost of some Cash-out loans and Purchase loans with lower credit scores. This will offset some of these reduced rates for borrowers in that 700 FICO and below range along with not putting much cash down. Rates increases could range from .125 to .25 depending on situation.

All 30 year loans

Rural Development 100% financing: 3.75% with 0 points
FHA: 3.75% with o points
Conventional Loans: 3.875% with o points
VA: 3.75%

15 year loans

Conventional: 3.25%
FHA: 3.25%

5/1 ARM: 2.75%

This information is courtesy of:

Jeffrey Johnson

Mortgage Consultant
Licensed Loan Originator | Louisiana
NMLS 190523

7611 Maple St| Suite A3 | New Orleans, LA | 70118
Cell: 504.250-7210 | fax: 504.648-3000
email: jeff@nolalending.com

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New Orleans Mortgage Rates | 1/28/2012

Written on January 28, 2012 by Lisa in For Buyers, Real Estate Talk

Just a quick update on current mortgage rates in New Orleans. The Fed has indicated that based on economic factors, rates will remain low well into 2014. HUD has brought back the $100 down payment program. Details on this program can be found here. The number of new loan applications has been increasing in the last…

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New Orleans Mortgage Rates | 1/23/2012

Written on January 23, 2012 by Lisa in For Buyers, Real Estate Talk

Just a quick update on current mortgage rates in New Orleans. The big financing news this week is that HUD has brought back the $100 down payment program. Details on this program can be found here. Remember loan amount, loan-to-value and credit scores will always play a part in the rate that home buyers qualify…

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