John Vaillancourt's archive

How many of you have set some resolutions for yourself?  We're three weeks into the new year, have you broken them yet? 

I am focused on learning more about home mortgage options for today's buyers.  Just when I thought I knew most of what the mortgage industry had to offer I was introduced to 203k and rural housing programs.  I have a property for sale in Ashby, 5 beautiful acres of lightly wooded land with a two bedroom home on it.  It is an estate property that has had a difficult past and a questionable septic and well.  A buyer came along and was interested in purchasing the property but the only financing that the property qualified for was a rehabilitation loan, or 203K as it is commonly called.

Qualifying for a 203K:  even more complicated than qualifying for a 30 year fixed program.  I am not a loan originator but after weeks and weeks of working with a couple of lenders and the interested party I can tell you that just getting qualified for a 203k is a challenge!  I am not going to comment on the process as I'm sure that before I get this post published the requirements will change but just as an FYI  re-hab loans are not a simple solution.

Rural Housing loans?  The loan originator that is working with the the interested buyer suggested a rural housing loan.  Rural Housing products are applicable by community not necessarily by personal qualification.  Oh yes, you have to 'qualify' to obtain a rural housing loan but so does the town that you are considering!

New Years Resolutions:  I'm still learning and I am sure that I will be for a very long time!  How are you doing with your resolutions?

Hello everyone,

I want to share a very nice opportunity with you! Six Flags New England in Agawam, MA and the Massachusetts Association of Realtors are offering a discount to Realtor Friends and Family on August 14th, 2010!  The package contains admission to Six Flags New England and Harbor Water Park, free parking and an all you can eat buffet in the Rivers Edge Picnic Grove for $37.00 per person, normally $76.99!  This is a better than half off deal!  Visit srnepicnic.com/mar click the North Central Mass button, then the BUY TICKETS NOW button, follow the instructions and print out your tickets!
 

I hope that all of you can enjoy this day brougt to you by your local Realtor Association!

Best, John

As a home owner I am always looking for recommendations of home service providers that have an outstanding reputation for customer service.  If you know of a person or company that has provided you with great service at reasonable rates, let's hear about them!