By smelly11 February 15, 2013
A nice facility that is ideal for the southwest Tulsa ...read more
By Mary Chappell February 18, 2011
Honest, helpful, friendly staff. Have done business with them over 10 years and I have absolutely NO complaints! Hope to do business with them for the next 10 years. ...read more
By Anonymous December 28, 2010
I found the perfect short term rental with this property management company. Once I understood why the rent was discounted and what my responsibility was. It was a great experience! I highly recommend them if your looking for a short term lease agreement. Eddie - Tulsa, OK ...read more
Each year, millions of people file bankruptcy as a means of erasing their consumer debts. While this approach may relieve stress, a bankruptcy is damaging, and will hang over your head for the next ten years. Still, it is possible to overcome bankruptcy. The key is making smarter financial and credit decisions. With this said, some people choose to purchase a home after a bankruptcy. Here are a few pointers to consider when buying a home. Reasons to Delay the Buying Process after Bankruptcy If you consult with mortgage or financial experts, they will likely discourage you from buying a home following a bankruptcy. After your bankruptcy is discharged, there is a black cloud that looms over your credit report. When any prospective lender reviews your report, they will be notified of your recent or past bankruptcy. In some instances, this justifies an immediate denial. On the other hand, there are lenders eager to help you establish or rebuild your credit. Thus, they will approve a loan request. Nonetheless, the penalties are steep. Higher mortgage rates can be anticipated when purchasing a home after bankruptcy, especially if you have not established other credit accounts. Mortgage lenders consider two factors: credit scores and credit reports. Although a bankruptcy appears on your credit report, having a high credit score will increase your odds of getting a comparable rate. Unfortunately, if you buy immediately following a bankruptcy, you will not have the opportunity to boost your score. Reasons to Buy a Home after Bankruptcy Lenders will approve mortgage loan applications one day following a discharge. Therefore, it is possible to get a home after a bankruptcy. Buying a home is perfect for rebuilding credit. Moreover, it is the quickest way to increase your credit score. After a bankruptcy, the average person has a credit score below 600. Good credit consist of credit scores 650 and above. Maintaining current mortgage payments will gradually increase your score. After two years of regular payments, you will have established a good payment history. Hence, you may qualify for a low rate refinancing, which may lower your mortgage payments. For more real estate tips ...read more
By Tulsa Real Estate School July 25, 2010
Lenders repriced for the better yesterday afternoon following a late day sell-off in stock markets which pushed mortgage-backed security prices to new record highs. Once new rate sheets were distributed, loan officers were able to offer the most aggressive pricing of the year to borrowers who had not yet locked-in their mortgage rate. At the end of the day, most mortgage investors were offering well-qualified consumers 4.5% rates on conventional 30 year fixed loans. No new headline economic reports were released today. The only event on the schedule was the first of three Treasury auctions. At 1pm, the Treasury Department announced the results of the $36 billion 3-year note auction. Strong, stable demand for our nation's debt is one of several factors that have attributed to record low mortgage rates. Today's auction went well and the bond market rallied after the results were released. However the gains seen in MBS pricing were not large enough to warrant improved loan pricing. That's no big deal though, lenders didn't worsen rate sheets this morning and mortgage rates are sitting at their best levels of the year. The Treasury hassuccessfully auctioned $36 billion 3-year notes. This is $4 billion below the April 6, 2009 issue and the smallest 3-yr offering since August 2009.The bid to cover ratio, a measure of auction demand, was 3.23 bids submitted for every one accepted by the Treasury. This is well above the ten auction average of 2.99 and the five auction average of 3.06.Bidding stopped out at a high yield of 1.220%---which was less than 1 basis point below the 1pm "when issued" quote. Cash market yield will be based on a semi-annual 1.125% coupon payment. That is 20bps below the previous coupon of 1.375% and 62.5bp below the April issue. I believe 1.22% is the 2nd lowest "high yield" ever recorded at a 3-yr note auction...only the January 2009 auction was lower (1.20%)Primary Dealers, aka the street, took down 36.9% of the auction. This is about average vs. recent norms. Dealers were more aggressive bidders but still not big buyers of this maturity. 17.6% of their bids were accepted. Direct bidders, aka domestic fund managers like Vanguard and PIMCO, were awarded 16.3% of the issue. This is above the ten auction average of 8.2% and the five auction average of 14.2%. Unlike dealers, direct bidders continue to be big supporters of 3 year note auctions.Indirect buyers took home 46.7% of the auction. This is well below recent norms.Plain and Simple: 3s were the weakest spot on the curve all morning as traders built in a modest debt supply concession before Treasury cutoff bids at 1pm (thanks to a stock "rally"). The concession, while not huge, was large enough to draw out healthy demand from direct bidders and primary dealers, who offset less aggressive demand from indirect buyers. Most importantly, primary dealers were not forced into underwriting the majority of this new issue (+50.% of issue awarded). It was a strong auction overall. It's been a choppy day in financial markets but price action has been contained in a well-defined range. Stocks are playing follow the leader with the Euro. Currently the Euro is +0.13% at 1.1933 and the S&P; is +0.39% at 1054.54. The EU member currency managed to breach the 1.20US$ handle again, but that move lasted less than a minute. Gold is $15 off its newly hit record price highs. 10s have mostly mirrored the movements of equities, trading in a choppy manner between 3.19% and 3.15%. The FN 4.0 is +0-04 at 100-09 and the FN 4.5 is +0-01 at 102-30. The secondary market current coupon is 1.2bps lower at 3.985%. Yield spreads are tighter (even though vols are higher). MBS profit taking has been seen as"rate sheet influential" coupon prices hit new intraday price records today. The FN 4.5 touched 103-00 after the auction! ...read more
By Oklahoma Home Loans June 09, 2010
RISMEDIA, May 14, 2010—Mortgage rates were down for the third week in a row, with the average conforming 30-year fixed mortgage rate falling to 5.07 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgagehas an average of 0.42 discount and origination points. To see mortgage rates in your area, go tohttp://www.bankrate.com/funnel/mortgages/ The average 15-year fixed mortgage stepped down to 4.45 percent and the larger jumbo 30-year fixed rate sank to 5.85 percent. Adjustable rate mortgages were mostly lower, with the average 3-year ARM backpedalling to 4.44 percent while the 5-year ARM dropped to 4.27 percent. Worries over European debt rattled financial markets and brought mortgage rates to the lowest level since St. Patrick's Day. Once again mortgage shoppers were direct beneficiaries as nervous investors equate to lower mortgage rates. Furthermore, this cloud of global economic uncertainty likely gives the Federal Reserve even more latitude to hold the line on interest rates, so mortgage rates will stay a little lower, a little longer, than what was forecast just a few weeks ago. The last time mortgage rates were above 6 percent was Nov. 2008. At that time, the average rate was 6.33 percent, meaning a $200,000 loan would have carried a monthly payment of $1,241.86. With the average rate now 5.07 percent, the monthly payment for the same size loan would be $1,082.22, a savings of $159 per month for a homeowner refinancing now. SURVEY RESULTS30-year fixed: 5.07% — down from 5.12% last week (avg. points: 0.42)15-year fixed: 4.45% — down from 4.49% last week (avg. points: 0.39)5/1 ARM: 4.27% — down from 4.31% last week (avg. points: 0.35) Bankrate's national weekly mortgage survey is conducted each Wednesday from data provided by the top 10 banks and thrifts in the top 10 markets. For a full analysis of this week's move in mortgage rates, go tohttp://www.bankrate.com/mortgagerates The survey is complemented by Bankrate's weekly Rate Trend Index, in which a panel of mortgage experts predicts which way the rates are headed over the next seven days. Nearly two-thirds of the panelists, 64 percent, don't expect much change in mortgage rates and forecast that rates will be more or less unchanged over the next week. Count 29 percent as predicting an increase in mortgage rates, with just 7 percent foreseeing further declines over the next seven days. ...read more
By Oklahoma Home Loans May 18, 2010
Real estate agents can only base success on the number of sales closed in a year. There is no award or money given for effort. Effort must produce results. Prospecting for new clients, especially new homes to list, is a must. The number of real estate listings an agent has is closely tied to his/her i... ...read more
In older neighborhoods you can easily find newer homes. For a lot of people this makes a great option; it allows you the charm and ambiance that a lot of newer neighborhoods lack with the innovation and solid construction of a new house. ...read more
