Jon Drake, Realtor

23/06/2025

🏡HERE'S A NEW LISTING🏡
5-bedroom, 2-bathroom home in Elgin, listed for $360,000! (5901 NE Watts Rd, Elgin, OK 73538)

Message me below if interested or visit my website to see more photos: http://bit.ly/4epXE8A

05/05/2025

🏘🏘CHECK OUT my newest listing 🏘🏘

5-bedroom, 2.5-bathroom home on the east side of Lawton, and listed for $270,000!! (2312 NE 36th St, Lawton, OK 73507)

Message me below if interested or visit my website to see more photos: https://bit.ly/4jOIonG

02/05/2025

🎉🎉SOLD🎉🎉

This home is officially sold!! Thank you Rice Family!!

Who's next?

17/03/2025

New price on this great Elgin home!

3 bedrooms, 2 bathrooms, dining area with a big-picture window, open-concept living room, and spacious backyard listed for $240,000. For more photos, info, or to schedule a showing, click below.

13/03/2025

💰💵SELLING YOUR HOUSE?💵💰

Here are some tips on getting your house ready to sell this Spring.

Message me if you are interested in more tips or are considering selling!

10/03/2025

🏠FIRST TIME HOMEBUYER?🏡

Message me for guidance on your home-buying journey!

26/02/2025

🏠Love how Elgin is growing!🏘

If you’re looking to buy/sell in SW Oklahoma, message me! You can see more houses and learn more about me here:

https://jon.mavenhomesearch.com

24/02/2025

For Sale By Owner (FSBO) seems like a wise move for homeowners. HOWEVER, working with a real estate agent is proven to get you more than 10%+ in comparison!

13/02/2025

Navigating the home-buying process can feel overwhelming, but understanding the three “C’s” of mortgage readiness can simplify your journey. These three key factors—Credit, Capacity, and Collateral—are crucial in determining your eligibility and loan terms. Let's break them down:

1. Credit: Your Financial Foundation
Your credit score is a numerical snapshot of your creditworthiness based on your payment history and debt levels. Lenders use this score to assess the risk of lending to you. A higher score typically unlocks better mortgage rates and terms.

Boost Your Credit:
* Pay all bills on time, every time.
* Keep credit card balances low (ideally below 30% of your credit limit).
* Avoid opening new credit accounts before and during the mortgage process.
* Regularly check your credit report for errors and address them promptly.

2. Capacity: Your Repaying Power
Capacity refers to your ability to comfortably repay the mortgage. Lenders evaluate your income, employment history, and debt-to-income ratio (DTI). DTI represents the percentage of your monthly income that goes toward debt payments. A lower DTI demonstrates stronger financial health.

Strengthen Your Capacity:
* Maintain stable employment and income.
* Manage your debt levels effectively.
* Consider increasing your down payment to reduce your loan amount and monthly payments.

3. Collateral: Securing the Loan
Collateral is the property itself. It acts as security for the loan, assuring the lender they can recoup their investment if you default. A professional appraiser will determine the property's fair market value, considering factors like its condition, location, and recent comparable sales.

Optimize Your Collateral:
* Obtain a thorough home inspection to identify potential issues before closing.
* A larger down payment can improve your loan-to-value ratio (LTV), which lenders often find favorable.
* Location matters! Consult a local real estate agent to find a property that meets your needs and has strong potential for appreciation.

Mastering these three “C’s” is essential for a successful home-buying experience. By proactively managing your credit, strengthening your financial capacity, and choosing a property with solid collateral, you'll be well-positioned to secure a favorable mortgage.

Ready to take the next step? Contact me today for personalized advice and expert guidance throughout your home-buying journey!

04/02/2025

Within walking distance of Elgin schools, down the street from Osborne Park, and is only 15 minutes from Lawton/Fort Sill.

The best street in Elgin has a house on the market. Come be my neighbor. 😉

This won’t last!

This 3-bedroom, 2-bathroom home boasts curb appeal with a brick mailbox, flagpole, and a spacious backyard perfect for entertaining. The kitchen features a large mobile island, stainless steel appliances, and a dining area with a big-picture window. The living room offers an open-concept floor plan....

29/01/2025

Oklahoma is home—where I was born and raised and where my wife and I are raising our seven children. For nearly eight years, we have called Southwest Oklahoma home. This deep connection to the community, combined with my background (Communication, University of Oklahoma, '07 & Master of Divinity, Southwestern Baptist Theological Seminary), has given me a passion for serving others. With 15 years of experience working with individuals in ministry and management, I understand the importance of building relationships and providing personalized support. I'm dedicated to helping others navigate the exciting, sometimes challenging, journey of finding the perfect place to call home.

28/01/2025

What’s a Seller Agent’s Role?

* Helps you to get the best possible price out of your home sale.

* Studies the market to ensure your home is priced at an advantage against competition.

* Markets your home on multiple resources to help it sell fast.

* Handles the negotiations between you, the buyer, and the buyer’s agent to ensure you get what you want.

* Uses resources like professional photos and videos to ensure your home gets the best exposure.

* Works with escrow and title companies to make sure your home closes without any issues.

📞If you're looking to sell, give me a call!

Call now to connect with business.