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Educating homeowners about financing options

For Immediate Release

September 28, 2010

For more information, contact:

Jason Preece with RE/MAX Creative Realty at 2808 Palumbo Dr Lexington, KY 40509
(859) 420-0184 Jason@LexKyRE.com

Jason has qualified for the Residential Finance Consultant designation recently after having completed the Discovering the Finance Difference program in Lexington.

RFC members are skilled in helping buyers and sellers understand the tax advantages, financing alternatives and investment aspects of home ownership.  “Better decisions are easily made when you have the right information which is our primary objective.” stated Pat Zaby, developer and instructor for the program.

The RFC is specifically equipped with a series of finance applications that present information in a logical and easy to understand way.  By showing a person the tax and investment benefits of home ownership, buyers can make better decisions that can greatly impact their wealth position over time.

When asked why this area of specialization is important, Jason said “92% of all transactions require financing and with tighter credit and tougher underwriting, buyers need help avoiding difficulties and guidance in the decision-making process.”

Selecting the correct loan product can contribute as much to reducing the cost of housing as lowering the price.  “A ½% increase in the interest rate is equal to 5% increase in price and 1% increase in the rate is equal to 10% increase in price.” stated Jason.

Even though the tax credit is over, an RFC understands how to frame other exciting incentives.  Whether structuring a buyer’s offer or increasing a listing’s marketability, financing concessions can be used for an interest rate buy down, toward the closing costs or a combination of both.

“With fixed rate mortgages at their current low rates, most people rarely consider an adjustable rate mortgage.  However, the ARM might result in thousands of dollars in savings in the right situation based on the buyer’s situation.” commented Jason.  An RFC can estimate the savings and when the breakeven point will occur.

Start your home search on www.LexingtonKentuckyHomesforSale.com and contact Jason Preece to get more information on the Residential Finance Consultant.

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2 Responses to “Educating homeowners about financing options”

  1. eastlandgrl says:

    interesting, thanks

  2. eastlandgrl says:

    interesting, thanks

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