New to Town?

Unpacking the Boxes is a 10-week class for women in the Edmond and Oklahoma City area. The class is inspired by Susan Miller’s book After the Boxes are Unpacked: Moving On After Moving In. Women from the Memorial Road Church of Christ run the weekly meetings. The class is designed to help women connect with other women who are new to area.  Bible-based lessons will help you learn to move past the pain and loss of what you’ve left behind and toward an appreciation of your new community.  You will have an opportunity to meet other newcomers in the Edmond area and build friendships by sharing relocation challenges, memories of “home,” and common interests.  The optional book may be purchased on the first day of class. 

Class meets Wednesday mornings, 9:30-11:30, at Memorial Road Church of Christ, 2221 E. Memorial Road, from September 5 to November 14.  Child care is provided. 

For more information about the class, visit  www.unpackingtheboxes.com or e-mail unpackingtheboxes@gmail.com or phone 405-478-0166.

Keys to Scoring a Mortgage

Getting a pre-approval letter will get you ahead of the game, and keeping your credit quiet will help you to the finish line! Here are some other pointers in the “winning the game” of closing on a home with a mortgage!

 

We know that buying a home can be intimidating with so many steps. With a solid team consisting of a real estate professional and a mortgage professional, WE will get you to the finish line. If you have any questions about the process, or if you’re ready to begin the pre-approval process, give US a call!

Rachel Slovacek

NMLS #140681

A/C Tips and Tricks!

The weather is warming up (finally!) and it’s time to start thinking about sunshine, outdoor activities and… cooling. You don’t want to be caught with a broken down air conditioner when the asphalt starts melting.
Tuning up your equipment is the best way to ensure that you get the most out of your air conditioner while lowering your utility bill.
                                                                                              
Here are the critical components you need on your tune-up list.
 
Your condenser coils need cleaning to keep the heat transfer up and maximize efficiency.
 
Your blower fan must be cleaned and oiled to reduce friction, lower energy consumption and keep it in working order.
 
The evaporator coil needs to be inspected for leaks and damage to coil fins which can cause problems with refrigerant and heat transfer.
 
Your air filter should be cleaned or replaced four times per year on average. If you haven’t done it recently, your filter should be cleaned or replaced.
 
Your drain pan collects the condensate from your evaporator coil. Your drain pan needs inspection for damage, which can cause leaks. The drain line should be inspected for blockages as this can cause your drain pan to overflow, especially as the humidity rises.
 
If your control system isn’t working properly, you run the risk of using more energy or having your system fail completely. Your thermostat should be calibrated and all control wiring inspected.
 
Don’t let summer sneak up on you. Give us a call and we can make sure you’re well prepared for the heat. 
 

 
 
HUNTER SUPER TECHS
580-798-4606

Weekly Mortgage Update

Has the housing market finally run out of steam?

 Buyers found the lack of available homes too much in April with all major regions failing to show any activity gains.

 The Pending Home Sales Index from the National Association of Realtors was down 1.3% to a reading of 106.4, following two monthly increases including an upwardly revised 107.8 reading in March.

The index has fallen year-over-year for four straight months and was down 2.1% in April compared to a year earlier.

The dip in pending home sales meant the third-lowest level in the past year.

 “Pending sales slipped in April and continued to stay within the same narrow range with little signs of breaking out,” said NAR chief economist Lawrence Yun

The PHSI in the Northeast remained at 90.6, 2.1% below a year ago. In the Midwest it was down 3.2% to 98.5, 5.1% lower than April 2017. In the South it declined 1.05 to 127.3, 2.7% higher than last April. In the West it slipped 0.4% to 94.4, 4.6% below a year ago.

 Mortgage rates, gas prices may dampen demand.

Yun added that the underlying sales data and feedback from Realtors show that buyers demand remains strong and the competitive market means listings are typically going under contract in under a month with increasing incidences of multiple offers.

However, rising mortgage rates and higher gas prices could dampen that demand if the trend continues while supply remains desperately restrained.

 “The combination of paying extra at the pump, while also needing to save more for a down payment because of higher rates and home prices, may weigh on the psyche of those looking to buy,” he said.

 Yun’s forecast for existing home sales for the whole of 2018 is 5.54 million, up 0.5% from last year. Median prices are expected to rise 5.1%.

Ted Clay,
Sr. Loan Officer/Sr. Loan Consultant 

Office: 405.341.8644 ext.102
e-Fax: 866.208.5309

tclay@certaintyhomeloans.com
TedClay.com
NMLSR# 217991
OK License# MLO01963

 
 

FREE Easter Services & Activities around the OKC Metro!

Friday, March 30
 
Easter EGG-stravaganza at K9 University (9217 NW Expressway, Yukon) features multiple treat-hunts for you and your pup, food trucks and a selfie photo area set up to take festive Easter pics with the Easter Bunny. Donations required. Admission to participate is one unopened bag of pet food, a pet related item or a $5 monetary donation to Pet Food Pantry of Oklahoma City. Preregistration advised to make sure your dog has a spot in the hunts. 5 – 8 p.m.
 

March 31 & April 1
 
FREE Easter Land at People’s Church (various locations) features a FREE one weekend theme park at all three People’s Church locations. Festivities include over 60,000 pieces of candy, over 30,000 Easter eggs, carnival rides, petting zoo and more. See website for locations and service times.
Saturday, March 31
 
FREE Easter Egg Hunt at St. Luke’s United Methodist Church (900 N Sooner Rd, Edmond) Oklahoma City University Quad (2501 N Blackwelder) features an Easter egg hunt, inflatables and treats. 10 a.m.

FREE Community Wide Easter Egg Hunt hosted by Edmond’s First Baptist Church at Mitch Park (1501 W Covell Rd, Edmond) features Easter egg hunts with over 35,000 eggs, bubbles, face painting, food trucks, crafts and more. There will be egg hunts for all age groups from toddlers to 5th grade. 4 – 6 p.m.

Sunday, April 1
 
FREE Easter Service at Memorial Road Church of Christ(2221 E Memorial Rd, Edmond, OK 73013). Two worship service times at 8:15 & 10:45 a.m. All ages welcome. 
 
FREE Easter Egg Hunt at Edmond Church of Christ(801 S Bryant Ave, Edmond, OK 73034) features an Easter egg hunt for ages 10 and under from 2-3:30 p.m. 
FREE Easter Celebration at Nichols Hills United Methodist Church (1212 Bedford Dr, Nichols Hills) features a family breakfast, Easter egg hunt and two worship services, complete with music and a message that relates the events of Jesus’ death and resurrection. All ages welcome. 8:30 & 10:15 a.m.

FREE Easter Sunday Worship Services at First United Methodist Church of Edmond (305 E Hurd St, Edmond) features a selection of services with music provided by the church’s adult and children’s choirs and The Hurd Street Band. 7 a.m.8:30 a.m.9:45 a.m.10:50 a.m. & 11 a.m. 

 
FREE Easter in Edmond Services at New Covenant United Methodist Church (2700 S Boulevard, Edmond) features an Easter worship experience that captures the hope and excitement of Easter through live music and an inspiring Easter message. 8:45 a.m.11 a.m. & 11:03 a.m.
 

Rising Rates!

Who doesn’t want to save a little anywhere they can? I know I do. I want to share a few ways that you can save on your mortgage. With rates expected to climb a little this year, it’s becoming top of mind with many clients. 

Here’s the bottom line: just because you have a loan structured when you first purchase doesn’t mean that it’s set in stone for the life of the loan. There are ways to restructure your loan to pay it off earlier than initially planned, save money on your monthly payment, or to free up funds. Here’s a snapshot of a few options for each scenario. 

Pay Extra to Pay Off Early

There are several ways to pay off your mortgage ahead of schedule. 

 • Pay extra each month

 • Set up bi-weekly payments

 • Make an additional mortgage payment once throughout the year

 • Divide the monthly payment by 12, then add the extra to each month

Recast Your Mortgage

If you want to lower your monthly payment and have the cash to do it, you can recast your mortgage. This means you lower your principal – not the term or your interest rate.

Refinance Your Loan

This is probably the most popular way to restructure a loan. Refinancing is when you’ll replace your current mortgage with a new one at a lower interest rate. The lower interest rate will help lower your monthly payment.

That’s just an overview of these strategies. Remember: every loan and situation is unique, and I’d be happy to take a look at your situation and help you save on your mortgage payment. Give me a call to set up an appointment. 

Have a great day, 
Rachel Slovacek NMLS #1406817

Historic School in Edmond

Did you know the original school built in Edmond is still up and standing up? In 1889 a lady named Jennie Foster had the great idea to build a school. She gathered her friends to raise money and they ordered the wood to start building the new school house. In September of 1889, the first school day transpired with 19 students and by the end of the term there was 37 students. Edmond’s first school house has now been restored by the Edmond Historic Preservation Trust and it has been moved to the corner beside Jiffy Lube at 2nd St and Boulevard. You can visit it by private, scheduled tours if your heart desires. It really is a neat blast from the past about our own town – Edmond! Go to the Edmond Historic Preservation Trust website for more information and details about the school house. Years ago, we decided for our back to school post card that we wanted to take some pictures in front of the school and around it! Such a neat experience!  Go check it out for yourself!

Brief Synopsis Of The Week’s Economic News And How It Affects Real Estate and Rates

Sellers see home profits surge to decade high
Homeowners who made a sale in the last three months of 2017 saw their return on investment hit an average 28.8%.

ATTOM Data Solutions’ Home Sales Report shows that the average profit of $54,000 made by sellers was the highest since the third quarter of 2007; and increased from $53,732 in the previous quarter and from $47,133 in the fourth quarter of 2016.

“It’s the most profitable time to sell a home in more than 10 years yet homeowners are staying put longer than we’ve ever seen,” said Daren Blomquist, senior vice president at ATTOM Data Solutions. “While home sellers on the West Coast are realizing the biggest profits, rapid home price appreciation in red state markets is rivaling that of the high-flying coastal markets and producing sizable profits for home sellers in those middle-American markets as well.”

Profit in this market almost doubled 

Sellers in San Jose saw the largest return on their investment (90.9%) but there were also large gains for other Californian markets: San Francisco (73.3%), Merced (64.6%) and Santa Cruz (59.8%).

Seattle was the only metro outside California to make the top 5 for ROI. Sellers there averaged a 64.4% return.

“The biggest story for the greater Seattle housing market in 2017 was persistently low inventory levels which continued to push home prices higher,” said Matthew Gardner, chief economist at Windermere Real Estate, covering the Seattle market.

US median home price at record high

The US median home price in 2017 was $235,000, up 8.3% from 2016 and setting a new all-time high. Annual home price appreciation in 2017 slowed slightly compared to the 8.5% in 2016.

Ocala, Florida (14.3%); Kansas City, Missouri (13.4%); San Jose, California (13.3%); Salem, Oregon (12.9%); and Nashville, Tennessee (12.5%) were all among the cities with the largest price increases.

 

 
     Ted Clay,
Sr. Loan Officer/Sr. Loan Consultant 

Office: 405.341.8644 ext.102
e-Fax: 866.208.5309

tclay@certaintyhomeloans.com
TedClay.com
NMLSR# 217991
OK License# MLO01963

                 

House vs Home

Happy Friday Everyone!

house (noun)
a building for human habitation, especially one that is lived in by a family or small group of people

home (noun)
the place where one lives permanently, especially as a member of a family or household

Two letters separate the words house and home, but they make all the difference in the world in how we define the dwelling in which we live. A buyer makes the transition between the house and home when we see that smile slowly spread across their face as they walk into each room. Their eyes shine a bit brighter when they start visualizing the life they will build within those walls.

When we think about the holidays, people talk about going home. No matter how long you have a home of your own, going back to the house you grew up in or traveling to the city where you lived is still ‘home’ in your heart. We are part of that journey for so many people. How lucky are we?

As you prepare for Thanksgiving, know that we are always grateful to be a part of these stories of turning houses into homes! If there is anything we can do to help you with the buying or selling process, please let us know. And if you ever have any mortgage needs, Taylor can help you with the mortgage process! We wish you all the best whether you are traveling or staying here for the holidays. Either way, there’s no place like home! Happy Thanksgiving! 

Taylor Ortiz
Sr. Loan Officer
NMLS# 449866
OK# MLO10171
Phone: (405) 509-10642575 Kelley Pointe Pkwy., Suite 180
Edmond, OK 73013
http://taylorortiz.net/