While many of the more conventional Baton Rouge mortgages may have to wait to see significant impact from yesterday’s Fed rate cut decision, Baton Rouge luxury real estate may find more immediate relief. Baton Rouge jumbo loans, those that are more than $417,000, could benefit from the Fed rate cut soon. CNN Money reports on jumbo loans:
of risk, jumbo rates have risen in recent months. They carry rates
about a full point higher than conforming loans. …
Jumbo rates may come down if the cut makes consumers more confident,
according to Mark Zandi, chief economist for Moody’s Economy.com.
For more on Baton Rouge luxury real estate and jumbo loans, contact Glenda Daughety.
Across the nation, and even here in Baton Rouge, green building is becoming a real estate trend. But you don’t have to be building new to take advantage of green incentives that can save you money. Green mortgages are coming into vogue, and they can actually help you save a little when it comes to a second mortgage.
If you are looking to make improvements to your Baton Rouge home, you can do so with green mortgages. Companies like JP Morgan Chase, Bank of America and Citigroup are offering to waive closing costs if you plan to make your home energy-efficient. Local lenders are also offering incentives. Realty Times points out some of the changes that you could make to your Baton Rouge home:
homeowners are demanding more energy efficient products and sustainable
designs," said AIA Chief Economist, Kermit Baker, PhD, Hon. AIA.
"Structural insulation panels, geothermal heating/cooling systems,
tankless water heaters and green flooring products such as bamboo and
cork are all in high consumer demand."
For more on green mortgages, and your Baton Rouge home options, contact Glenda Daughety.
Right now, everyone seems wary of housing market troubles that seem to be slowing real estate markets around the country. But now, with a Fed rate cut expected tomorrow, it might be time to start thinking about Baton Rouge home loans. Baton Rouge mortgage rates could be in the future.
However, this mortgage rate news should be tempered. After all, with tightened lending standards, some may not be able to get Baton Rouge home loans, even with the reduced mortgage rates. But for those who can get them, Baton Rouge real estate may soon offer great value.
For more on Baton Rouge mortgage rate news and real estate, contact Glenda Daughety.
One of the most important things you can do before applying for a Baton Rouge home loan is checking your credit report. If there are mistakes on your credit report that are lowering your FICO score, then it is important to get those fixed.
When you find a mistake on your credit report, the first thing you need to do is contact the credit bureau. You should have documentation ready, so that you can back up your case. It also doesn’t hurt to contact your creditor as well. The bureau will do that, but you can move things faster by taking the initiative.
It should only take 30 days to fix a mistake on your credit report, but sometimes it takes longer. Make sure that you follow up to ensure that the problem is fixed. You will get better terms when buying a Baton Rouge home with an accurate credit report.
For more on applying for a Baton Rouge home loan, or buying a Baton Rouge home, contact Glenda Daughety.
Baton Rouge community resources can boast about a lot of things. From green building resources to activity resources to educational resources. And one of the best Baton Rouge community resources is the East Baton Rouge Parish Library. In addition to offering a good selection of books and educational resrouces, the East Baton Rouge Parish Library offers these interesting programs:
- Fall Chess at the library
- Adolescent anger management classes
- Celebrating jazz program
- Collection specialists to look at valuables and antiques
The library calendar offers more programs, dates and times from the East Baton Rouge Parish Library.
For more on the Baton Rouge community resources available, as well as Baton Rouge real estate, contact Glenda Daughety.