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Thursday, October 22, 2009 11:26 AM

Protect Your Credit Score

If you are looking to buy a house or condo any time soon, it is extremely important that your credit score is as high as possible. A lower score can cost you thousands more in higher interest and fees as well as it could possibly reduce your financing
Posted by Donna Schrimpf-Gum | 0 Comments
Saturday, December 13, 2008 10:43 AM

Email from Lender on Rates -

I received the following from a Lake lender Premier Bank. For those waiting for "The Bottom of the Market", with these kind of rates you can save a lot more money than if the market drops another 5 percent. Especially if the rates go up even
Posted by Donna Schrimpf-Gum | 0 Comments
Wednesday, November 12, 2008 2:54 PM

Great Time for a Home Equity Loan

With Prime rate at 4%, Home equity lines of credit for debt consolidation along with a lower interest rate first mortgage could save hundreds of dollars a month. $10,000 worth of credit card debt, rolled into a Home equity line of credit at 5% (prime
Posted by Donna Schrimpf-Gum | 0 Comments
Friday, October 03, 2008 9:54 AM

National Foreclosure Rate for August

California-based Realty Trac Inc. counts every foreclosure filing and has some very good news about the Foreclosure Market. The average number of foreclosures for the U.S. for August was 1/419, but this doesn't tell the complete story. Forty states
Posted by Donna Schrimpf-Gum | 0 Comments
Thursday, October 02, 2008 3:17 PM

Lake of the Ozarks Homes Closed in September

In September 2008 there were 98 homes closed in the Bagnell Dam Board of Realtors The Average price was $252,215 and the average Days on the Market was 121. How does that compare with 2007. Well good and bad. In September of 2007 there were 152 homes
Posted by Donna Schrimpf-Gum | 0 Comments
Sunday, September 28, 2008 11:58 AM

What is going on with Mortgages?

We met this week with a regional director for Wells Fargo in order to try and get a handle on what is going on in Washington and how it will effect us all. Without putting blame anywhere, as I understand it, the "Crisis" occured because there
Posted by Donna Schrimpf-Gum | 0 Comments
Monday, September 08, 2008 3:03 PM

Fannie and Freddie What does it mean to you?

Now that both Fannie Mae and Freddie Mac are government backed, the investors are back! That means that interest rates will drop. Rates have already dropped today to below 6% and from what several lenders are telling me, by tomorrow the rates will be
Posted by Donna Schrimpf-Gum | 0 Comments
Thursday, August 14, 2008 9:17 AM

60% of Americans can Stop Worrying about Home Values!

I just read this article and it has some positive news for the real estate market in general and is backed up with governement numbers. C ompiled from a White Paper recently released by John Benson, a real estate analyst . The White Paper is titled, “60%
Posted by Donna Schrimpf-Gum | 2 Comments
Saturday, February 16, 2008 1:30 PM

How to handle your vacation home so you can do a 1031 exchange

As most of you know, the 1031 Exchange was put in place to encourage the purchase and sale of commercial and investment real estate. As such, your lake home normally does not qualify. The rules say any residence used for personal use more than 14 days
Posted by Donna Schrimpf-Gum | 0 Comments