Smith Mountain Lake: Mortgage Shopping

Every Couple of Months I Get Some Really Great Articles Courtesy of My Affiliation with Lowes,

and this morning’s was no exception……Here it is thanks to RISMedia and Lowes and their entire article

can be found here:  http://rismedia.com/lowes/8355/9864

Saturday, Oct 16th, 2010
Brought to you by
and sponsored by

For Your Clients: 6 Reasons it Pays to Shop Around Before Choosing a Mortgage

By Paige Tepping

RISMEDIA, October 16, 2010–You wouldn’t buy a house without shopping around first, right? Then why would you commit to the loan you use to buy that house without making sure you’re getting the best deal possible? From the experts at LendingTree, here are six reasons why it’s essential to take a few minutes to browse before you borrow:

1. To get the best interest rate possible
Over the life of a $200,000, 30-year fixed rate loan, a one-tenth of a point difference in interest rate could save or cost you thousands of dollars.

2. To pay lower loan fees
Once your loan application is accepted, the lender will get back to you with a good-faith estimate (GFE), including an itemized list of all the costs associated with the loan. If there are any parts of the GFE that you don’t understand, don’t be afraid to ask the lender to explain each fee that is listed.

3. To avoid a prepayment penalty
In these transient times, it seems no one stays in their home long enough to pay down their mortgage the old fashioned way: in monthly increments over a period of decades. So you’ll want to be clear on whether the terms of your loan include a penalty if you pay off your mortgage early—either because you move or refinance.

4. To find a lender you feel comfortable with
You don’t want any surprises popping up at closing time. Get a lender who is responsive to your questions and is willing to give you the details in writing.

5. To find a lender that specializes in your situation
Recent volatility in the mortgage markets means that people with bad credit or little money for a down payment might have to look a little harder to find a lender.

6. To get the rate lock period you want
Once you’ve found the lender offering the best mortgage rate and terms, you’ll want to get a written commitment, known as a “lock” that puts in writing that the lender will make the loan to you at that the specified interest rate. The length of the lock can vary from 30-90 days, but many lenders will charge a fee for a rate commitment of longer than a month. Negotiate the lock period that is right for you, depending on when you plan to close on your new home and if interest rates are expected to creep higher during that time.

ABOUT THE AUTHOR: Noreen Hartkern is a well-respected Zillow 5- Star Agent on Smith Mountain Lake, Virginia, with over 20+ Years of Real Estate Expertise. Noreen is an Accomplished Realtor, Real Estate Consultant, New Construction Specialist, Blog Writer & Photographer. In Addition to Listings and Sales, Buyers and Sellers Agency, She has Extensive Experience as a Home Renovator, Rehabber and Flipper, and is a Published Author on That Very Topic.

Her Passion is Living and Working the Waterfront Lake Life and Helping Her Clients Find Lakefront Properties and Hidden Gems. Noreen is also an Accomplished Vocalist and Musician and Prides Herself on Being a Self-Made Entrepreneur. Quite Simply, Noreen is Your Smith Mountain Lake Resource for ALL THINGS Real Estate and Is UNIQUE IN HER APPROACH of Making ANY Real Estate Transaction FUN!!!!!! #SeriouslyFUN

Want "The Smith Mountain Lake Edge"? LOVE Super-Stealth BARGAINS on Smith Mountain Lake? Want to KNOW WHERE THE DEALS ARE BEFORE ANYONE ELSE DOES? GET NOREEN'S SECRET FREE SML REPORT The Bottom is OVER...Grab Some Deals Before they're all GONE!

See You Here Soon! Noreen Hartkern Mobile – (540) 420-1294 noreenhartkern@yahoo.com

Smith Mountain Lake: Jane Seymour

It’s been quite a while since we’ve had so much excitement here at the lake!  Not since the filming of “What About Bob” with Richard Dreyfuss and Billy Murray has there been so much local buzz….oh, right, and then there was the announcement that David Baldacci, the famous Author was moving in … but now, we have Jane Seymour filming a movie here! Not only at Smith Mountain Lake, but about Smith Mountain Lake!

Here are just a few of the local headlines written in the past few days:

Life Out Loud Films is  filming the movie “Lake Effects,” which is in production now at Smith Mountain Lake, by Producer Sara Elizabeth Timmins of Moneta.

The script called for a formation of PWC riders to pass by the dock of family matriarch Vivian Tisdale, played by Jane Seymour who is best known for her lead role in the long-running TV series, “Dr. Quinn, Medicine Woman.”

…In another scene filmed the same day, Seymour joined Dee Dee Bondurant–a local resident– as a passenger on her SeaDoo and the two, followed by actress Tamara Johnson riding solo on another PWC, took off with the posse of “She-Doos” as they departed the cove.

In other news Jane Seymour, who has a major role in the film, will be signing copies of her new book, “Among Angels,” on Friday, Oct. 22 at 5:30 p.m. at The Cottage Gate in Westlake Towne Center. She also will sign books at Barnes & Noble at Tanglewood Mall in Roanoke on Tuesday, Oct. 19 at 6:30 p.m.

We can’t wait until the movie comes out! I hope you’ll all go out and see it!

Needless to say, celeb visits, moves and movies throughout the years have made the lake more attractive for owning property here–why not come and join us?

For film clips of our gorgeous backyard here at Smith Mountain Lake and FREE information click here now!

P.S. The film is not yet released, but the cast and their bios can be found 
here:

All the Best!

Noreen

NOREEN HARTKERN
Mobile – (540) 420-1294
noreenhartkern@yahoo.com
http://www.smithmountainlakefronthomes.com/

Blog: http://smith-mountain-lake-realty.com/

ABOUT THE AUTHOR: Noreen Hartkern is a well-respected Zillow 5- Star Agent on Smith Mountain Lake, Virginia, with over 20+ Years of Real Estate Expertise. Noreen is an Accomplished Realtor, Real Estate Consultant, New Construction Specialist, Blog Writer & Photographer. In Addition to Listings and Sales, Buyers and Sellers Agency, She has Extensive Experience as a Home Renovator, Rehabber and Flipper, and is a Published Author on That Very Topic.

Her Passion is Living and Working the Waterfront Lake Life and Helping Her Clients Find Lakefront Properties and Hidden Gems. Noreen is also an Accomplished Vocalist and Musician and Prides Herself on Being a Self-Made Entrepreneur. Quite Simply, Noreen is Your Smith Mountain Lake Resource for ALL THINGS Real Estate and Is UNIQUE IN HER APPROACH of Making ANY Real Estate Transaction FUN!!!!!! #SeriouslyFUN

Want "The Smith Mountain Lake Edge"? LOVE Super-Stealth BARGAINS on Smith Mountain Lake? Want to KNOW WHERE THE DEALS ARE BEFORE ANYONE ELSE DOES? GET NOREEN'S SECRET FREE SML REPORT The Bottom is OVER...Grab Some Deals Before they're all GONE!

See You Here Soon! Noreen Hartkern Mobile – (540) 420-1294 noreenhartkern@yahoo.com

Smith Mountain Lake: Tax Credits Expire April 30th

Tax Credits Expire April 30, 2010

As many of you know, second homes, luxury homes and vacation homes do not qualify for the tax credit which is due to expire in mere hours….what you may not realize though, is that if you were thinking about “bumping up” your primary home here at the lake and were already ready to make that move, you need to get the home you are interested in purchasing under contract within the next 2 days and you can still meet the cut-off! Many lake lenders are happy to discuss financing options and I have several contacts for you if you are interested in a quick response to your financial solution!

Email me today for more information: noreenhartkern@yahoo.com

The $8,000 tax credit for first-time home buyers and the $6,500 tax credit for repeat home buyers expire on April 30, 2010. However, service members who were on official extended duty outside of the United States for at least 90 days between Jan.1, 2009 and May 1, 2010, may qualify for a one-year extension

If a binding sales contract is signed by April 30, 2010, home buyers have until June 30, 2010 to complete the purchase. This is possible if you act tonight through Friday only!!!

If you are in a position to write a contract and looking for an agent who is available to accomodate that in the next 48 hours, call me immediately at 540-420-1294

All the best!

Noreen

  NOREEN HARTKERN
WAINWRIGHT & CO (AT THE LAKE)
MONETA, VA 24121
Mobile – (540) 420-1294
noreenhartkern@yahoo.com
http://www.smithmountainlakefronthomes.com/
Serving Smith Mountain Lake since 2001

ABOUT THE AUTHOR: Noreen Hartkern is a well-respected Zillow 5- Star Agent on Smith Mountain Lake, Virginia, with over 20+ Years of Real Estate Expertise. Noreen is an Accomplished Realtor, Real Estate Consultant, New Construction Specialist, Blog Writer & Photographer. In Addition to Listings and Sales, Buyers and Sellers Agency, She has Extensive Experience as a Home Renovator, Rehabber and Flipper, and is a Published Author on That Very Topic.

Her Passion is Living and Working the Waterfront Lake Life and Helping Her Clients Find Lakefront Properties and Hidden Gems. Noreen is also an Accomplished Vocalist and Musician and Prides Herself on Being a Self-Made Entrepreneur. Quite Simply, Noreen is Your Smith Mountain Lake Resource for ALL THINGS Real Estate and Is UNIQUE IN HER APPROACH of Making ANY Real Estate Transaction FUN!!!!!! #SeriouslyFUN

Want "The Smith Mountain Lake Edge"? LOVE Super-Stealth BARGAINS on Smith Mountain Lake? Want to KNOW WHERE THE DEALS ARE BEFORE ANYONE ELSE DOES? GET NOREEN'S SECRET FREE SML REPORT The Bottom is OVER...Grab Some Deals Before they're all GONE!

See You Here Soon! Noreen Hartkern Mobile – (540) 420-1294 noreenhartkern@yahoo.com