Jill Bugeja- Real Estate Sales Consultant, Elite Realty

10/13/2024

Come join me at the open house from 1-3 to see 38757 Summers, Livonia!

04/27/2015

Please follow me on my business page Jill Bugeja-Realtor. Thanks for visiting my profile. I hope to be able to work with you soon!

01/14/2015

REAL ESTATE NEWS:

On Thursday, January 8, President Barack Obama laid out the administration's latest effort to breathe new life into the nation's housing market and increase the ranks of first-time buyers, now at a 27-year low. Effective January 26, the Federal Housing Administration (FHA) will lower the rate of the annual mortgage insurance premium paid on agency-backed 30-year fixed loans by a half percentage point, to 0.85 percent of the loan balance from the current 1.35 percent. The administration estimates that the decrease will trim a borrower's annual payment by $900 and enable 250,000 people to buy their first homes during the next three years. The reduction will only apply to new home loans and refinancings insured by the FHA. That means existing FHA-backed loans would need to be refinanced to receive the lower rate. Speaking at a school in Phoenix, Obama said the reduced premiums would spur home buying, lifting the market and home values. But he cautioned that the smaller premiums did not mean a return to lax home-lending standards.

The announcement signals the administration's desire to move beyond repairing the damage to growing the market and drew praise from real estate agents, lenders and housing advocates. The FHA announcement followed a policy change announced last month by Fannie Mae and Freddie Mac to begin accepting mortgages with 3 percent down payments. Obama prefaced his announcement by recalling when he and wife, Michelle, bought their first home, a 2,000-square-foot condominium in Chicago. "I'll never forget the day we bought our first place," Obama said. "I have such good memories not just about the place itself, but all the work we had to do to save to get in there, and then to fix it up, and that sense of accomplishment that you were building something for your family and for your future." Source: The Chicago Tribune Note: if you are thinking about purchasing a home and were planning to use FHA financing--this is the time to act. Contact me today to get the process started.

01/14/2015

Seventy percent of adults in the U.S. say they're unfamiliar with down-payment assistance programs for middle-income home buyers in their community, according to a NeighborWorks America survey of 1,000 people. But plenty of help is available. NeighborWorks organizations provided 6,000 buyers with more than $100 million in down-payment assistance last year. NeighborWorks expects to increase its assistance this year, too. Many local and state organizations offer down-payment assistance as well, and there are specialized no-down payment programs for military vets through the Veterans Affairs loan program and for rural home buyers through the U.S. Department of Agriculture. "Down-payment assistance programs make home purchasing more accessible for first-time buyers," says Marietta Rodriguez, vice president of Homeownership Programs and Lending at NeighborWorks America. "In addition, because many down-payment assistance programs require home-buyer education, these purchasers tend to be more successful in the long-term. Research has shown pre-purchase counseling helps reduce defaults on home loans and equips home owners with the information they need to budget for other expenses and maintain their property." Source: NeighborWorks America

CALL ME TO SEE IF WE CAN GET YOU QUALIFIED FOR SOME DOWN PAYMENT ASSISTANCE!

01/13/2015

Who says that you can't sell a house in the Winter??? I listed this Dearborn beauty last Thursday, and after several showings we have an accepted offer! There are still buyers out in the Winter, don't let anyone tell you different!

01/13/2015

You can also reach me at my other page Jill Bugeja-Realtor. I am here to help you with all of your real estate needs!

01/13/2015

New to the market in desirable West Dearborn sub. Who is ready to make the move to a new house??

http://matrix.realcomponline.com/DE.asp?k=1644184XS5S1&p=DE-27221490-889

http://matrix.realcomponline.com/DE.asp?k=1644184XS5S1&p=DE-27221490-889

04/17/2013

Congratulations on the sale of your house Mike! I appreciate your business. Sold in 3 days! Who wants to be next?!?!

05/20/2011

05/20/2011

Housing trends, housing market updates, local real estate market, buying or selling real estate, housing data, neighborhood information, real estate statistics, real estate information is available each month.

02/22/2011

February newsletter

Housing trends, housing market updates, local real estate market, buying or selling real estate, housing data, neighborhood information, real estate statistics, real estate information is available each month.