Brenda Teten Realtor Chamberlain Realty LLC

04/04/2021

08/16/2020

Wow this is wild to see how its changed over the years!

Your monthly mortgage payment today can buy you 2.5x what it could in the 1980’s just from interest saved 🤯

05/26/2020

Darling home - Inside of Noble city limits but has that country feel - Check this home out - it won't last long - Give me call at 580-716-3528 for a showing

Do you want a country feel while staying in a city neighborhood? This is the perfect house for you. Sit on the back patio and listen to the birds or enjoy your tall vaulted ceiling in the living room next to a wood fire. 2 Bedrooms and bath upstairs with master suite downstairs. Beautiful kitchen wi...

04/09/2020

Let’s do some Mortgage Forbearance Math

Mom and Dad have a mortgage.

It's currently $1,500 per month.

Dad gets laid off, calls the servicer, and asks for forbearance.

In one phone call, he gets 6 months "off" from paying.

Seven months later, Dad is finally back to work, and hasn't been able to save any money during the forbearance.

Forbearance is lifted and servicer says,

"That will be $9,000 + $1,500, which is now due". ($10,500)

Dad almost passes out and says, “WHY??"

Servicer: "That's the 6 months of forbearance plus the current month.”

Dad: "I can’t do that, can we work something out?"

Servicer: "Sure, we will spread out the $9,000 over 12 months."

Dad: "Phew....ok, good. What will that look like?"

Servicer: That will be $2250 a month for the next 12 months."

Dad: " OMG!!! I can't afford that."

Servicer: "Sorry....."

Dad: "Can I refinance?"

Servicer: "No because the loan went into forebearance."

Dad: "What can I do?"

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In a nutshell, this is forbearance, folks. Forbearance is not forgiveness. We need to keep putting this message out there, because we are still getting a lot of questions. Please understand the seriousness of this, and if you still have questions, you know we are always here for you.

Use this as a last resort ❤️

12/31/2019

What plans do you have for 2020? If it’s a new home, let me help you make your New Year’s resolution a reality!

11/11/2019

Thank a veteran today and everyday!