New Increased Flood Insurance Deductible Option There is a new $10,000 deductible option available for residential properties. For homeowners facing escalating flood insurance rates, these changes to flood insurance deductibles will be an option to help lower premiums. To take advantage of these savings, homeowners must be willing to pay a greater portion in the event of flood losses. Provided your mortgage company will permit the higher deductible, this high deductible option may offer homeowners some relief … [Read more...]
Search The MLS Using Our Client Portal
Welcome to The Sibley Group - Client Portal! As a client of The Sibley Group, you have access to The Sibley Group client portal. This portal is where you will receive listings notifications and will have access to search the Multiple Listing System (MLS). Our portal provides clients, the ability to make notes on listings you like, email listings to your agent, and categorize listings based upon your level of interest.. The video below will walk you through all of the features included in the client portal. … [Read more...]
Avoid Mortgage Insurance With a “Piggyback”
Home Buyers with a 10% down payment can avoid mortgage insurance. Local Lenders in the New Orleans area are now offering several "piggyback" loan options that allow you to avoid mortgage insurance with a down payment as little as ten percent. Benefits of a Piggyback Mortgage: Avoid mortgage insurance Avoid JUMBO rate pricing No closing costs on the 2nd mortgage How it works: The mortgage is split into two loans, a 1st mortgage and 2nd mortgage closed simultaneously. Example: $250,000 sales … [Read more...]
Selling A Home In New Orleans In November Has Benefits
In the past few weeks we have had the same discussion with several New Orleans area homeowners. All of the conversations revolved around concerns with putting their home on the market during what is perceived as a slow season for real estate. Selling a home in New Orleans during the holiday season has many distinct benefits. From experience over the years, we have seen this time of year as a huge opportunity for selling a home in New Orleans. Lenders in the New Orleans area are indicating that this week has been … [Read more...]
No Down Payment Financing in Slidell, Mandeville, and Covington – All of St Tammany Parish Now Eligible!
No down payment - 100% financing in St Tammany No penalty for pre-payment Maximum income limits apply All of St Tammany Parish is now eligible Less up front cash required vs. FHA loans 640 Minimum Credit Score This is a great loan option for Buyers looking to purchase a home. Why continue renting when you can own a home for less than your monthly rent payment? No Down Payment Financing in Slidell, Mandeville, Covington, Madisonville, Pearl River, Abita Springs, and Lacombe Rural Development Financing … [Read more...]
Not All ‘Buyers’ Are Able to Buy
Pre-Qualification vs Pre-Approval When a Buyer provides a pre-approval or pre-qualification letter, do you know the difference? Pre-Qualification Letter Prospective Buyers will often present a Seller with a pre-qualification letter to demonstrate their ability to obtain financing. However, most sellers do not realize a pre-qualification letter is NOT the same as a pre-approval. Receiving a pre-qualification letter simply means that the Buyer told the lender that they have good credit and make a particular … [Read more...]
First Time Home Buyer Grant Money Now Available in St. Tammany
St. Tammany Parish Soft Second Program Provides 100% Financing - First Time Home Buyer Grant Program First time home buyer grant money is now available to assist buyers with purchasing their dream home in St. Tammany Parish. A qualified purchaser will receive a Soft-Second Loan for 20% of the purchase price up to $30,000 available for down payment and up to $5,000 for closing cost based on need. Maximum Purchase Price $200,000 for qualified home buyers to purchase a new or existing home for Single family or 2-unit … [Read more...]
