4 bedroom in central St. Charles County

4 bedroom in central St. Charles County - Classified Ad

Conveniently located in central St. Charles co.! The kitchen alone offers KraftMaid Maple Custom Cabinets with Cherry Trim, glass cabinet doors, ceramic backsplash, bay window, recess lighting, and a huge island. Off the kitchen is the spacious family room with built-in bookshelves, and one of the two wood-burning fireplaces. Living room, dining room, entry foyer and newly updated half bath complete the main floor. Functional floor plan perfect for a family! The Master Suite is a dream at 20 feet X 14 feet with w/b fireplace, vaulted ceiling, walk-in closet and full bath with double sink vanity. An additional three bedrooms along with another full bath with a custom vanity and laundry chute complete the second floor. Brand new 6 panel doors throughout entire house! Andersen French Doors lead to the large patio area. The backyard is an oasis of several serene areas for peaceful gatherings along with lots of shade for complete comfort on the patio that boasts a new vinyl white fence.

34 Shadow Creek Dr, St Peters 63376

to view call 216-513-0927

Laura Ludwighttp://www.lauralei.net
314-503-1186
$195 Flat Fee MLS Listings
Lauralei Properties, LLC

How long do homeowners stay in their home?

The National Association of Realtors (NAR) keeps historic data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home. As the graph below shows, for over twenty years (1985-2008), the median tenure averaged exactly six years. However, since 2008, that average is almost nine years – an increase of almost 50%.

This week in real estate

 

	Solid domestic consumer demand helped 3rd quarter GDP estimates to increase 1.5%. Strong economic news can lead to higher rates.

	As expected, the Fed did not raise policy rates at this month's FOMC meeting. However, the statement contained language making a hike in December possible.

	The four-week average for jobless claims is the lowest since 1973. A strong labor market helps strengthen the economy and could lead to higher rates.

	New home sales fell in September after two straight months of gains. However, the drop is seen as temporary, and demand for housing remains strong.

	In fact, the homeownership rate rose between July and September, the first rise after 7 quarterly declines. Buyers under 35 years old had the highest increase.

	First time homebuyers are depending less on gift funds for down payments. More young buyers are using personal savings for down payments and closing costs.

Is Winter the Best Time to Sell Your Home?

According to Refin it is.

Redfin says that anytime between December and May is an ideal time to list your home -- and February is the hands-down the best month. The company's analysis of nationwide listings from 2014 showed that 74 percent of homes listed in February sold within 90 days, and 13 percent of them sold for more than the list price. 

I guess the thought here is that winter buyers are more motivated and "have" to move. This winter in particular may be a good time because we are anticipating a rise in mortgage rates.

Save Money on your home loan

How to Prepare Your Home for winter

As autumn approaches we begin to see the leaves change, feel the air cool, and think about the winter weather. As a homeowner you want to take every precaution to protect your home during those winter months, or fear damage caused by a dreadful winter storm. So what do you need to do to winterize your home.

Check your Furnace – Stock up on Furnace filters, Call your Furnace repair man (also known as HVAC professional) to inspect your furnace is running at top performance, and to clean the heating ducts. If you have a digital thermostat make sure to replace the batteries with brand new ones, and clean the area around your furnace to ensure there is nothing flammable near it.

Check all exterior Windows and Doors – You should inspect your windows to make sure there are no cracks in or around the frame, if so you can use caulking to seal up your windows cracks. Place weather stripping around all doors leading to outside to help prevent cold air from entering your home. And don’t forget to switch out window screens for glass screens for the winter months.

Inspect your roof and gutters – Clean out the gutters using a garden hose to wash away all debris such as leafs, and small tree limbs. Also replace worn out roof shingles or tiles with new ones.
By taking the time to implement these simple steps and a few others you are ensuring your home is ready for winter.

Do Loan Officers have to be licensed?

Loan Officer Licensing

The initial part of learning how to become a loan officer is determining the loan officer licensing requirements in your state.

Loan officer licensing requirements vary by state. Currently, in many states, loan officer licensing when working for mortgage brokers is required, but not so if for loan officers who work in banks or credit unions.


Recent federal legislation requires that all mortgage loan officers be licensed. Licensing requirements include at least 20 hours of coursework, passing a written exam, passing a background check, and having no felony convictions. There are also continuing education requirements for mortgage loan officers to maintain their licenses. There are currently no specific licensing requirements for other loan officers.




According to  The Bureau of Labor Statistics:

"Employment of loan officers is projected to grow 10 percent between 2008 and 2018, which is about as fast as the average for all occupations. Employment growth will be driven by economic expansion and population increases—factors that generate demand for loans. Growth will be partially offset by increased automation that speeds the lending process and by the growing use of the Internet to apply for and obtain loans. However, these changes have also reduced the cost and complexity associated with refinancing loans, which could increase the number of loans originated. 
 
The use of automated underwriting software has made the loan evaluation process much simpler than in the past. Underwriting software allows loan officers—particularly loan underwriters—to evaluate many more loans in less time. In addition, the mortgage application process has become highly automated and standardized, a simplification that has enabled mortgage loan vendors to offer their services over the Internet. Online vendors accept loan applications from customers over the Internet and determine which lenders have the best interest rates for particular loans. With this knowledge, customers can go directly to the lending institution, thereby bypassing mortgage loan brokers. Shopping for loans on the Internet is expected to become more common in the future and to slow job growth for loan officers."