Explore Lake Geneva, WI
By Frank Pabon, USDA, FHA, Appleton Home Loans 920-319-5368,
(Hartford Financial Services - Wisconsin Mortgage Lender)
Comments 0
Wisconsin FHA Streamline program available for Lake Geneva residents in Walworth County!   This Wisconsin FHA Streamline program will allow you to easily lower your mortgage interest rate and payment. Mortgage Interest Rates are at record lows!   If you currently have an FHA mortgage you can start saving $75 to $275 a month!   Our Wisconsin FHA Streamline program does not require an appraisal, requires minimal documentation, has little to no fees, and allows you to skip one month mortgage payment.   Do not delay! Walworth County residents call me today at 920-623-9242 or email me at fpabon@wi-mortgage.com to start your Wisconsin FHA Streamline refinance process.
By Frank Pabon, USDA, FHA, Appleton Home Loans 920-319-5368,
(Hartford Financial Services - Wisconsin Mortgage Lender)
Comments 0
Are you a Lake Geneva homeowner upside down on your mortgage? Do you have good credit and good mortgage payment history? Was your Fannie Mae serviced loan closed prior to 3/31/09? If you answered yes to all of these questions you may be eligible to reduce your mortgage rate and start saving money. It is time to take advantage of the new Lake Geneva Wisconsin HARP2 mortgage program. Please call me today at 920-623-9245 for a fast money saving mortgage analysis.
By Travis Egan | 262.725.1505, Movement Mortgage NMLS # 39179
(Travis Egan -Movement Mortgage, NMLS # 655284)
Comments 3
Most homeowner's that have an adjustable mortgage believe their loan can only adjust higher.  Fortunately, that isn't always true.  Adjustable Rate mortgage are comprised of two parts an "index" like the LIBOR and a "margin" the fixed portion added to the the index. For a more detailed explanation on Lake Geneva Real Estate Mortgage click the link.  
By Travis Egan | 262.725.1505, Movement Mortgage NMLS # 39179
(Travis Egan -Movement Mortgage, NMLS # 655284)
Comments 1
Lake Geneva Mortgage rates are low right now but pinning them down this week could be a challenge.  As Labor Day Weekend nears and Wall Streeters take their head-start on the holiday, trading volume will fall, which will cause mortgage rates in Wisconsin to get jumpy. As Lake Geneva real estate mortgage rates change, so does the long-term cost of owning a home.  Every 1/8 percent adjustment changes a household budget. Meanwhile, the relationship between "vacation days" and mortgage rate volatility is an interesting one; based more in scarcity than market fundamentals. Rates tend to get volatile near holidays because of two inter-related facts: Conforming mortgage rates are based on the price of mortgage-backed bonds Mortgage-backed bonds can't trade without a buyer and a seller at a sp...
By Travis Egan | 262.725.1505, Movement Mortgage NMLS # 39179
(Travis Egan -Movement Mortgage, NMLS # 655284)
Comments 1
If your adjustable rate Lake Geneva mortgage is due to adjust this year, don't go rushing to replace it just yet.  Your soon-to-adjust mortgage rate may actually go lower. It's related to the math behind the ARM. Conventional, adjustable-rate mortgages share a common life cycle: There's a "starter period" in which the interest rate remains fixed There's an initial adjustment period after the starter period called the "first adjustment" There's a subsequent annual adjustment until the loan's term expires -- usually at Year 30. The starter period will vary from 1 to 10 years, but at the point of first adjustment, conventional ARMs become the same. A homeowner's new, adjusted mortgage rate is determined by the sum of some constant, and a variable.  The constant is most often 2.25% and the...
By Travis Egan | 262.725.1505, Movement Mortgage NMLS # 39179
(Travis Egan -Movement Mortgage, NMLS # 655284)
Comments 2
If you plan to finance your Lake Geneva real estate home with a conforming interest only mortgage, get your loan application submitted no later than this Friday, June 18.  Starting next week, Fannie Mae is clamping down on the popular loan product. An "interest only" mortgage is exactly what its name implies -- a mortgage for which the monthly payments consist entirely of interest with no principal reduction.  Because there's no amortization, payments are less costly on a month-to-month basis. For example, assuming principal + interest payments at 5 percent, a $250,000 mortgage carries a monthly payment of $1,342.  The payment on a comparable interest only mortgage, however, drops to $1,042. That's a payment difference of $300 and the size of the cost savings, not surprisingly, is the b...
By Travis Egan | 262.725.1505, Movement Mortgage NMLS # 39179
(Travis Egan -Movement Mortgage, NMLS # 655284)
Comments 2
According to foreclosure-tracking firm RealtyTrac.com, bank repossessions reached record levels for the second straight month in May, topping 93,000 properties nationwide. As compared to May 2009, all 50 states now show an increase in annual REO (Real Estate Owned) activity. Data like that won't surprise today's active Lake Geneva real estate home buyers.  Foreclosed homes are prevalent, available and accounted for one-third of all home resales made in April.  Furthermore, total foreclosure actions -- the sum of REO, default notices, and foreclosure auctions in May -- topped 300,000 for the 15th straight month. Foreclosures remain a huge influence on the housing market. However, two interesting trends emerged in the data: 9 of the top 10 metro areas for foreclosure posted annual activi...
By Travis Egan | 262.725.1505, Movement Mortgage NMLS # 39179
(Travis Egan -Movement Mortgage, NMLS # 655284)
Comments 1
As I have been writing about recently interest rates have hit a low in the last few days we haven't seen in some time.  Many people are considering refinancing their Lake Geneva mortgages.  The questions emerges, is now the right time to do this?  The linked article and video will give you an insight into whether this makes sense or not. Check out this informtion about Lake Geneva real estate & refinancing.  Travis Egan
By Travis Egan | 262.725.1505, Movement Mortgage NMLS # 39179
(Travis Egan -Movement Mortgage, NMLS # 655284)
Comments 2
Home values rose in March, according to the Federal Home Finance Agency's most recent Home Price Index.  Values were reported higher by 0.3 percent, on average, from February. We use the phrase "on average" because the Home Price Index is broad-reaching, national housing statistic.  It ignores the dynamics of neighborhood real estate markets as well as citywide markets like Lake Geneva real estate , too. Instead, the Home Price Index focuses on state and regional statistics. For example, in March 2010 as compared to February: Values in the East South Central region rose 2.5% Values in the Mountain states rose 1.1% Values in the Middle Atlantic states fell 1.0% Of course, none of this data is especially helpful for today's home buyers and sellers. Real estate is a local phenomenon that c...
By Travis Egan | 262.725.1505, Movement Mortgage NMLS # 39179
(Travis Egan -Movement Mortgage, NMLS # 655284)
Comments 3
The national foreclosure rate is finally falling. According to foreclosure-tracking firm RealtyTrac.com, the number of foreclosure notices dropped 2 percent between April 2009 and April 2010. 2 percent may not seem like much, but it's the first time in the history of the RealtyTrac report that the annual foreclosure rate has dropped. To be sure, foreclosure rates remain elevated -- more than 300,000 were reported last month, but default notices appear to be approaching a plateau. The RealtyTrac report shows some other interesting statistics, too: 6 states accounted for more than half of April's bank repossessions nationwide For the 40th month in a row, Nevada topped the nation's foreclosure rate Foreclosure rates dropped in both California and Arizona, 2 foreclosure hot-spots through 20...
By Travis Egan | 262.725.1505, Movement Mortgage NMLS # 39179
(Travis Egan -Movement Mortgage, NMLS # 655284)
Comments 2
Each week, government-led Freddie Mac publishes a weekly mortgage rate survey based on data from 125 banks across the country (Walworth State Bank is not one of them).  According to this week's results, the relative rate of a 5-year ARM in Lake Geneva, Wisconsin is extremely low versus its 30-year fixed-rate cousin. Consider this comparison: In April 2009, the two products ran neck-and-neck with respect to rates In April 2010, the two products are split by 0.99 percent On a $200,000 home loan, that's a difference of $117 per month to a mortgage payment. Adjustable-rate mortgages aren't suitable for everyone, but they can be a terrific fit given your individual circumstance.  For example, any one of the following scenarios could warrant a 5-year ARM: Buying a home with an intent to sell...
By Travis Egan | 262.725.1505, Movement Mortgage NMLS # 39179
(Travis Egan -Movement Mortgage, NMLS # 655284)
Comments 1
As the federal home buyer tax credit nears its April 30 end-date, there's a lot of would-be home buyers looking for Lake Geneva real estate still working to get under contract. A piece of advice for all of them: If your pre-qualification and/or pre-approval letter is more than 8 weeks old, it would be prudent to have your lender "re-pre-approve" you.  Mortgage guidelines have been in flux and your original lender letter may now be invalid. For example, over the past half-dozen months, the majority of mortgage lenders have reduced their risk tolerance with respect to: Maximum debt-to-income ratios Minimum allowable credit scores Calculation of "assets in reserve" For buyers of condominiums and co-ops, even the subject property itself is coming under tougher scrutiny. Today's Lake Geneva ...
By Tom Braatz Waukesha County Real Estate 262-377-1459, Waukesha County Realtor Real Estate agent. SOLD!
(Coldwell Banker)
Comments 8
Tom Braatz | Re/Max | tom@tombraatz.com | 262-377-1459 N1666 Maple Street, Linn, WI Amazing opportunity to own this charming home priced for immediate sale, and a short drive to Lake Geneva public access!! 3BR/1+1BA Single Family House offered at $149,900 Year Built Unspecified Sq Footage Unspecified Bedrooms 3 Bathrooms 1 full, 1 partial Floors 1 Parking Unspecified Lot Size .39 acres HOA/Maint $0 per month DESCRIPTION Seller has rock bottom priced this 3Bd, 1&1/2 bath charming home for a quick sale.May qualify for 1st time buyer credit or existing buyer credit.Recent remodeling and updates. Lots of room and peaceful property and close to all conveniences.A large kitchen,dining room and more.Newer roof,updates,mechanicals.Very close to Lake Geneva public access with only a few minutes...
By Travis Egan | 262.725.1505, Movement Mortgage NMLS # 39179
(Travis Egan -Movement Mortgage, NMLS # 655284)
Comments 1
There is an interesting article on how the severity of foreclosure really does depend on where you live.  Four states account for just over 50 percent of all foreclosures.  The foreclosure problem hasn't missed the Lake Geneva real estate market, but is it one of the four problem areas? Foreclsurues in Lake Geneva, Wisconsin Travis Egan Asst Vice President / Loan Officer Walworth State Bank 1221 South Shore Drive Delavan, Wisconsin, 53115 US Work: 262-728-4203 Mobile: 262-745-5055 tegan@walworthbank.com www.walworthbank.com Lender, Lake Geneva Real Estate  
By Travis Egan | 262.725.1505, Movement Mortgage NMLS # 39179
(Travis Egan -Movement Mortgage, NMLS # 655284)
Comments 0
The more the government tries to help the more they seem to be part of the problem.  The Federal Housing Administration (FHA) has been under some pressure to get their loan loss reserves in order.  Their solution for Wisconsin FHA home loan clients? This blog may provide insight Wisconsin FHA Mortgage Travis Egan Asst Vice President Walworth State Bank 1221 South Shore Dr Delavan, Wisconsin, 53115US Work: 262-728-4203 Mobile: 262-745-5055 tegan@walworthbank.com www.TravisEgan.com Lender, Lake Geneva Real Estate, Delavan Real Estate
By Travis Egan | 262.725.1505, Movement Mortgage NMLS # 39179
(Travis Egan -Movement Mortgage, NMLS # 655284)
Comments 0
As foreclosures loom throughout the United States we here in Wisconsin suffer a similar fate, but what about the housing market on and near Lake Geneva?  David Curry offers a unique perspective on this phenomenon.  His experience and expertise shed light on a unique demographic, the market that is Lake Geneva Real Estate. Check out his perspective:  Lake Geneva Real Estate foreclosure. Travis Egan Asst Vice President Walworth State Bank 1221 South Shore Dr Delavan, Wisconsin, 53115US Work: 262-728-4203 Mobile: 262-745-5055 tegan@walworthbank.com www.TravisEgan.com Lender, Lake Geneva Real Estate, Delavan Real Estate  
By Margaret Canfield, ABR, GRI
(Keefe Real Estate )
Comments 0
The Turn is a great neighborhood association in Geneva National, just outside of Lake Geneva, Wisconsin.  So named because it is on the 8th hole of the premier Palmer Golf Course and at this part of the course you have to 'turn' to head back down to the Geneva National Golf Club house.  The neighborhood borders Palmer 8, continues to Palmer 9 and soon will expand to holes 10 and 11.  In total there are 80 acres on four golf holes and the backside is country and farm.  The best of both worlds and views with natural ponds interspersed amongst the rolling land.  Currently there are three custom condominium ranch homes for sale, each with its own floorplan and designs,  and they were built by the Choyce Group.  Greg, his wife Linda, and their son Gregory have been in the Lake Geneva area fo...
By Margaret Canfield, ABR, GRI
(Keefe Real Estate )
Comments 0
Half of American households can afford a home value of 200,000 today due to low interest rates and declining home prices. I have three wonderful homes in Lake Geneva that fit that 200K target price. Want to know more? Visit my website at www.margaretcanfield.com and check out what great pricing is out there for your family. http://rismedia.com/2009-04-07/with-affordability-up-home-buyers-return-to-the-market/
By Margaret Canfield, ABR, GRI
(Keefe Real Estate )
Comments 0
http://www.virginia.edu/uvatoday/newsRelease.php?id=7838 Released today was a great overview on foreclosures.  The analysis shows that most of the home foreclosures have been concentrated in California, Florida, Nevada, Arizona and a small portion of metro areas in other states. Most notable was the quote that '66% of potential housing value losses in 2008 and subsequent years may be in California, with another 21 percent in Florida, Nevada and Arizona. for a total of 87 percent of national declines. DO lick on the link for the full article and the impact of the Obama proposed foreclosure prevention program.  Even more important is that potential homebuyers who are qualified should BUY NOW and lock into a 30 year fixed rate mortgage.  WHY?  Becuase there is talk that at the back end of...

Lake Geneva, WI Real Estate Professionals