Loan Limits are Increased for 2019

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Nearly all parts of the U.S. will see an increase to the maximum conforming loan amount that can be backed by Fannie Mae and Freddie Mac for 2019, according to the Federal Housing Finance Agency. The baseline conforming loan limit will rise to $484,450, a 6.9% increase over the 2018 limit.

Areas with higher housing prices may have a higher conforming loan limit. You can find a list of conforming loan limits by county at fhfa.gov.

This marks the third straight year that the maximum conforming loan amount has increased after 10 years of it being steady. Conforming loan limits are based on average home prices. According to the FHFA, house prices increased 6.9% between the third quarters of 2017 and 2018, leading to conforming loan limits growing by the same amount. Conforming loan limits are also used to define FHA limits.

Source:  Texas Association of Realtors Post

Let the Schwanbecks Exceed Your Expectations!

We would love an opportunity to assist you in your real estate needs  – anywhere in the DFW metroplex or whether you want a lake home in East Texas.  Click here to view our website.  Click here to learn more about Cedar Creek Lake.

| Debbie and Bruce Schwanbeck, Realtors at Ebby Halliday Realtors DebbieS@ebby.com BruceS@ebby.com  469.283.8656 |

Are you Thinking about that Second Home? I have a Loan program for you.

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Are you thinking about that second home?  If you are in the market for a new Jumbo Loan for a home?  A jumbo loan is a mortgage that has high credit quality and above conventional conforming loan limits.  I just received some news that there is a lender that can do a

5% JUMBO LOAN WITHOUT PMI.

This is unbelievable.

The key details of the loan are:

  • 95% financing, up to $2 Million (5% down)
    • 43% maximum debt-to-income ratios (DTI)
    • 740+ credit score required
  • 90% financing up to $3 Million (10% down)
    • 45% maximum debt-to-income ratios (DTI)
    • 700+ credit score required
    • Gifts from family allowed
  • Refinance (no cash-out) or purchases
  • Primary or second homes

Give us a call and lets talk and get started finding that second home for you.

Let the Schwanbecks Exceed Your Expectations!

We would love an opportunity to assist you in your real estate needs  – anywhere in the DFW metroplex or whether you want a lake home in East Texas.   Click here to view our website.  Click here to learn more about Cedar Creek Lake.

| Debbie and Bruce Schwanbeck, Realtors at Ebby Halliday Realtors DebbieS@ebby.com BruceS@ebby.com  469.283.8656 |

Another Happy Buyer

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JS 305LakeDriveThe Schwanbecks have sold another property.  This family is so excited to own a lake home.  We all need to de-plug from devices and get outdoors to have fun and relax.  The Schwanbecs know the area, the houses in it, and what it takes to buy and sell homes.  If you would like a full-time, hard working professional real estate team working for you, contact Debbie and Bruce.

From the looking to closing, the Schwanbecks have the knowledge and resources to help you obtain the best price for your home, sell it in the shortest amount of time, and do so with the most convenience for you and your family.

Let the Schwanbecks Exceed Your Expectations!

We would love an opportunity to assist you in your real estate needs  – anywhere in the DFW metroplex or whether you want a lake home in East Texas.  Click here to view our website.  Click here to learn more about Cedar Creek Lake.

| Debbie and Bruce Schwanbeck, Realtors at Ebby Halliday Realtors DebbieS@ebby.com BruceS@ebby.com  469.283.8656 |

Sellers Set the Price of Homes – Buyers Determine the Value of Homes

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PricingYourHome

Selling a Home is a team effort.  As your agent we are responsible for developing and implementing your home’s marketing plan.  As a seller, you control the home’s condition and you set the price.  However, it is the buyer who actually determines the value of the home based on what they are willing to pay for it. Our goal is to match your listing price with our selling goals.

Let the Schwanbecks Exceed Your Expectations!

We would love an opportunity to assist you in your real estate needs  – anywhere in the DFW metroplex or whether you want a lake home in East Texas.  Click here to view our website.  Click here to learn more about Cedar Creek Lake.

| Debbie and Bruce Schwanbeck, Realtors at Ebby Halliday Realtors DebbieS@ebby.com BruceS@ebby.com  469.283.8656 |

Another Happy Seller & Buyer

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JS 106ShadowWoodThe Schwanbecks have sold another property.  They can sell yours too.  They know the area, the houses in it, and what it takes to buy and sell homes.  If you would like a full-time, hard working professional real estate team working for you, contact Debbie and Bruce.

From listing to closing, the Schwanbecks have the knowledge and resources to help you obtain the best price for your home, sell it in the shortest amount of time, and do so with the most convenience for you and your family.

Let the Schwanbecks Exceed Your Expectations!

We would love an opportunity to assist you in your real estate needs  – anywhere in the DFW metroplex or whether you want a lake home in East Texas.  Click here to view our website.  Click here to learn more about Cedar Creek Lake.

| Debbie and Bruce Schwanbeck, Realtors at Ebby Halliday Realtors DebbieS@ebby.com BruceS@ebby.com  469.283.8656 |

Another Happy Seller – Sold in less than 30 days

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JS 32650CR2412The Schwanbecks have sold another property.  They can sell yours too.  They know the area, the houses in it, and what it takes to buy and sell homes.  If you would like a full-time, hard working professional real estate team working for you, contact Debbie and Bruce.

From listing to closing, the Schwanbecks have the knowledge and resources to help you obtain the best price for your home, sell it in the shortest amount of time, and do so with the most convenience for you and your family.

Let the Schwanbecks Exceed Your Expectations!

We would love an opportunity to assist you in your real estate needs  – anywhere in the DFW metroplex or whether you want a lake home in East Texas.  Click here to view our website.  Click here to learn more about Cedar Creek Lake.

| Debbie and Bruce Schwanbeck, Realtors at Ebby Halliday Realtors DebbieS@ebby.com BruceS@ebby.com  469.283.8656 |

Another Happy Seller

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JS 138OAkdaleThe Schwanbecks have sold another property.  They can sell yours too.  They know the area, the houses in it, and what it takes to buy and sell homes.  If you would like a full-time, hard working professional real estate team working for you, contact Debbie and Bruce.

From listing to closing, the Schwanbecks have the knowledge and resources to help you obtain the best price for your home, sell it in the shortest amount of time, and do so with the most convenience for you and your family.

Let the Schwanbecks Exceed Your Expectations!

We would love an opportunity to assist you in your real estate needs  – anywhere in the DFW metroplex or whether you want a lake home in East Texas.  Click here to view our website.  Click here to learn more about Cedar Creek Lake.

| Debbie and Bruce Schwanbeck, Realtors at Ebby Halliday Realtors DebbieS@ebby.com BruceS@ebby.com  469.283.8656 |

HOA vs. POA – What’s the Difference?

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Deb&BruceHomeowners associations (HOAs) and property owners associations (POAs) are easy to confuse because they are similar in nature. If you are considering starting one, but don’t know which to choose, check out these three facts that will help you understand the difference.

POAs Are More About the Property

To start an HOA within a neighborhood, you need to actually have homes or condos (or other dwelling units). The homeowners become members of the association and work together to make the neighborhood better. On the other hand, POAs are more about the property. You can have a POA that is nothing but empty lots. In this instance, it’s the property owners who become members of the association. HOAs can be found in just about any neighborhood from urban to suburban, but POAs are often started around a landmark, such as a lake or golf course, in hopes that people will buy the land for its location.

HOAs and POAs Can Be Very Similar

HOAs always rely on a board, and a list of rules and regulations that specify how the neighborhood is run, and homeowners must follow the guidelines. They usually have to pay monthly fees and get approval for many decisions, such as exterior paint color. Not all POAs have rules and regulations the way HOAs do, but in other cases, a POA may be run almost exactly like an HOA with rules and fees. It varies from POA to POA.

POAs Often Offer Networking and Educational Services

HOAs are all about the neighborhood, which is why they have rules and regulations. The goal of the HOA is to create a pleasant and inviting neighborhood that people want to move to. The HOA wants to encourage people to move into the neighborhood, but they aren’t too worried about the real estate market outside of their neighborhood. A POA, however, looks at the larger scale. They’ll often offer education, networking and other opportunities in an effort to boost and support the local real estate industry. A POA can consist of homeowners, property managers or business owners.

Both HOAs and POAs can create pleasant and enjoyable places to live. For neighborhoods with actual dwellings, an HOA is a great choice, but for areas with many empty lots, a POA is the better choice.

AssociationVoice offers a top of the line tool for HOAs and has a value for POAs as well.

via HOA vs. POA – What’s the Difference?

At Cedar Creek Lake we mainly have POA’s.  Normally our POA’s are less restrictive than an HOA.  There are a few HOA’s around the lake.

Let the Schwanbecks Exceed Your Expectations!

We would love an opportunity to assist you in your real estate needs  – anywhere in the DFW metroplex or whether you want a lake home in East Texas.  Click here to view our website.  Click here to learn more about Cedar Creek Lake.

| Debbie and Bruce Schwanbeck, Realtors at Ebby Halliday Realtors DebbieS@ebby.com BruceS@ebby.com  469.283.8656 |

Looking for a lake lot for the RV?

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Two Waterfront lots located in Seven Points on Cedar Creek Lake – complete with RV pad, electrical, water and sewer hookups. The RV pad is 70 feet. Utilities are already installed on property – ready for your RV or a home build. Enjoy “as is” with your RV or build your dream home with a cove view on 96 feet of water. Mature shade trees. POA includes a club house, boat ramp and pier. Bring the family and you can have a picnic under the trees and at the lake, and dock the boat at your POA park. Life is Better At Cedar Creek Lake.  Click here to view the listing.

Let the Schwanbecks Exceed Your Expectations!

We would love an opportunity to assist you in your real estate needs  – anywhere in the DFW metroplex or whether you want a lake home in East Texas.  Click here to view our website.  Click here to learn more about Cedar Creek Lake.

| Debbie and Bruce Schwanbeck, Realtors at Ebby Halliday Realtors DebbieS@ebby.com BruceS@ebby.com  469.283.8656 |

Will Garages Become Extinct?

Car-garage-GettyImagesAs autonomous vehicles become widespread and the popularity of car-share programs rise, analysts are already calling on the death of structures for car spaces in residential homes.

Source: Will Garages Become Extinct?

What are your thoughts about Garages becoming extinct?  Do you use your garage?  I know that we do but we are seriously thinking about turning it into bonus space since our family of 5 has grown to 15 with the addition of daughter-in-laws and 7 precious grand children.

Let the Schwanbecks Exceed Your Expectations!

We would love an opportunity to assist you in your real estate needs  – anywhere in the DFW metroplex or whether you want a lake home in East Texas.  Click here to view our website.  Click here to learn more about Cedar Creek Lake.

| Debbie and Bruce Schwanbeck, Realtors at Ebby Halliday Realtors DebbieS@ebby.com BruceS@ebby.com  469.283.8656 |