Samwel Mwangi - R&S Premier Real Estate

Samwel Mwangi - R&S Premier Real Estate Golden Rule:- "Do unto others as you would wish them do unto you"

Just closed! You are next. Call me and let walk you through the process for a great buying or selling experience!!!
05/14/2022

Just closed! You are next. Call me and let walk you through the process for a great buying or selling experience!!!

03/03/2021

There is always fear of unknown! Get in touch with me to walk with you in both home buying and selling process!

01/27/2019

Are you concerned about the closing cost?

Missouri Housing Development Commission! (MHDC)

The Commission provides funding for home loans to qualified, first-time buyers through a network of certified, private mortgage lenders. Mortgage financing is facilitated through the sale of mortgage-backed securities and through the sale of tax-exempt bonds that the Commission is authorized to issue.

The Commission administers the federal and Missouri Low-Income Housing Tax Credit (LIHTC) programs, the Affordable Housing Assistance Program Tax Credit (AHAP), federal HOME funds, and the direct funding of several housing assistance programs. Further, the Commission administers homeless assistance funds for permanent housing in an effort to end homelessness in Missouri. The Commission also provides advisory, consultative, training and educational services to non-profit housing organizations.

contact me with any real estate question

Information is power
01/11/2018

Information is power

11/01/2017

Questions You Should Answer Before Refinancing your home

Before interest rates rise, you may want to refinance your home to pay off debt, get better terms, or cash out equity for reinvestment elsewhere. Here are a few questions you should ask yourself before you take out a new loan.

How long do you plan to stay in the home? If you don’t plan to own the home for roughly three years or more after refinancing, it might not make financial sense to refinance.

Are you refinancing for a good reason? Taking equity out of your home to pay down credit card debt is risky. Once the debt has gone away, it’s easy to “reload” and run up new debt.

What type of loan do you currently have? One good reason to refinance is to get more favorable terms, such as getting into a low fixed-rate loan from a higher fluctuating rate.

Should you reinvest the money? Cash-out refinances are cheap compared with other loans, so you may be tempted to invest the money in another home, and rent out your current home. Or you may want to remodel to keep your home’s value high in the marketplace or to improve its utility.
All investments carry risk, so before you decide, ask your lender to help you figure out the risk vs. reward.

Take the monthly savings amount and divide it into your total closing costs. This figure represents the number of months it will take to pay back your closing costs.

09/07/2017

PMI, also known as private mortgage insurance, is a type of mortgage insurance from private insurance companies used with conventional loans. Similar to other kinds of mortgage insurance policies, PMI protects the lender if you stop making payments on your home loan. PMI can be arranged by the lender and provided by private insurance companies. it is different from homeowners insurance.

09/07/2017

Key Factors
While lenders look at a variety of factors to determine credit worthiness, these are a few of the most important.

1. On-Time Payments
To lenders, your history of on-time payments indicates whether you'll make payments on-time in the future.

2. Oldest Credit Line
The age of your oldest account indicates to lenders how much experience you have handling credit.

3. Credit Used
Lenders look for signs of responsible credit usage, and the less you use, the better it is for your score.

4. Recent Inquiries
With some exceptions, lenders tend to see too many recent inquiries as a sign of risk, so the fewer the better.

5. Available Credit
Plenty of available credit (relative to amount owed) indicates to lenders that you manage credit responsibly.

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Queen Creek, AZ

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+13145853398

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