The Woodlands TX Real Estate Blog

THE WOODLANDS, TX- The Woodlands Development Company (TWDC), today announced that Ferrari of Houston will open a 5,015-square-foot satellite store in The Waterway Square District in The Woodlands Town Center.

Ferrari will specifically be located at 1501 Lake Robbins Drive in The Waterway Square parking garage. The dealership is in the design stages.

“We are pleased that Ferrari of Houston will be opening at 1501 Lake Robbins Drive,” said Alex Sutton, Co-President of TWDC. “The Waterway Square District is an ideal location for Ferrari, encompassing Class A office space, retail and residential.”

Ferrari of Houston opened 33 years ago and is now expanding to The Woodlands. “We believe The Woodlands is the perfect fit for our Ferrari satellite dealership.  We are excited to become part of this community,” said Giuseppe Risi, Owner of Ferrari of Houston.

Ferrari of Houston was represented by Pat Moritz with Houston International Realty while Rip Reynolds, Senior Leasing Manager for The Howard Hughes Corporation, represented TWDC in the lease transaction.

For more information about The Woodlands and houses in The Woodlands, please call realtor Luis Tamborrel at (832) 482-9367.

Hablamos Español y contamos también con información sobre casas en Woodlands, comuníquese al al 55.4991.4933 o Nextel 72*13*9814 desde México.

Source: thewoodlandscvb.com

THE WOODLANDS, TX- Esteban Toledo became the first Mexican winner in Champions Tour history this past Sunday, when he beat Mike Goodes with a par on the third hole of a playoff Sunday in the Insperity Championship.

Toledo, a native of Mexicali, Baja California, eagled the opening hole and finished with a 5-under 67 to match Goodes and Gene Sauers at 6-under 210 at The Woodlands Country Club.

Toledo remarked this day as a very special one for him “It’s a special day for me. It’s a holiday and it’s just winning in that day is the most incredible thing I’ve ever done, because winning on the Champions Tour, it’s hard. I have dreams and goals in my life that I was going to win on the Champions Tour, and I think I’m going to keep winning. I believe in myself that I can go up there and win again and again and again.”

Goodes shot a 72, and Sauers — eliminated on the second playoff hole with a double bogey— had a 74. Toledo, seven strokes behind Sauers entering the round, earned $270,000 for his second victory in a PGA Tour-sanctioned event. He also won the Web.com Tour's 2005 Lake Erie Charity Classic.

The three players parred the first extra hole on the par-4 18th. Sauers dropped out on the second playoff hole — also on the 18th — after hitting his second shot into the water behind the green. Toledo and Goodes went to the par-4 17th, and Toledo won with a tap-in par after Goodes missed a 5-footer. Sauers had a triple bogey on the par-5 15th, the easiest hole in the tournament and one that he birdied in the first two rounds. The three-time PGA Tour winner rebounded with a birdie on the par-3 16th to regain a share of the lead. Toledo had a chance to pull ahead on the final hole, but his 20-foot birdie putt curved away at the last instant. Mark Calcavecchia and Loren Roberts tied for fourth at 3 under. Calcavecchia shot 69, and Roberts had a 72. Bernhard Langer kept the top spot in the Charles Schwab Cup points race. He closed with a 72 to tie for 25th at 5 over. Fred Funk, the 2012 winner, also finished 5 over after a 70.

Esteban Toledo was born in 1962 in Mexicali, in northwestern Mexico. He turned pro in 1986 and was a member of the PGA tour in 1994 and from 1998 to 2004. He won the 2005 Lake Erie Charity Classic at Peek 'n Peak Resort and the 2000 Mexican Open. He also represented Mexico in the World Cup in 1992, 1994, 1995, 1998, 2002 and 2006.

Tamborrel Properties wants to congratulate Mr. Toledo for his great victory, which came in Cinco de Mayo and makes all Mexicans proud. May he keep winning in his following golf endeavors.

For more information about events in The Woodlands, don't forget to visit our website: www.woodlandsnewhomes.com

Source: chron.com

This beautiful house in The Woodlands features 4 bedrooms and 3 bathrooms. 26 Gull Rock Pl is located on a huge corner lot with gorgeous stucco exterior. This Karmell Plan two story home features hardwood floors, modern kitchen with granite countertops and backsplash. Master suite upstairs features a private bath with walk in closet. This residence also features two dining areas. 

Did you hear about it? Tamborrel Properties has a new home for sale in The Woodlands, ready for you to come check it out. 27 Pomerelle Place is located in the Village of Sterling Ridge, one of the most recent villages of The Woodlands.

This gorgeous home sits on a huge cul-de-sac lot with a pool and a lot of yard space. A stone and brick exterior gives this house a beautiful look. The home features 4 bedrooms, 3.5 bathrooms and 3 car attached garage. The study features hardwood floors and French Doors. The kitchen is perfect for anything, with silestone countertops, stainless steel appliances and 18" diagonal tile floors.

The floor plan features a mud rum, walking pantry a huge computer area and a game room in the second floor perfect for entertaining. Lots of windows give the house a great view to the backyard and excellent lighting.

Children attend schools from the Conroe ISD, one of the best in Texas.This 3,317 square feet home has a price of $437,775. You must come to check it out.

For more information about this home and other homes in The Woodlands please contact realtor Luis Tamborrel at (832) 482-9367.

Hablamos Español y contamos también con información sobre casas en venta en Woodlands, comuníquese al al 55.4991.4933 o Nextel 72*13*9814 desde México.

When talking about real estate, many think about buying a new home or looking for a new place to live: buyers. However, we cannot forget sellers, who sometimes are also looking for a new house, but first they must sign up sell their current home in order to buy another one.

Even though buying a home in The Woodlands involves a most extensive process which requires the participation of the potential buyer, selling a home isn’t just sitting on the front porch waiting for someone to stop by, see your selling sign and decide to buy your home. You must follow the right steps to sell your home, but mainly, choosing the right agency is the decision that will allow you to sell your home quickly and at the best price.

If you come to us with the question “How to sell my home in The Woodlands?”, we will provide the most complete real estate service in The Woodlands so your home may be sold. You just have to list your home with us. We will take care of the rest.

At Tamborrel Properties, it isn’t just about putting a sign on your yard telling the world that your home is for sale. Maybe that worked in a small town of about 500 people a century ago, but nowadays, in the 21st century, you can’t do that. People use technology: internet, computers, smartphones, to find what they want, what they need. We aren’t left behind. We will promote your home in our 14 different websites, as well as in social media sites, including Facebook, Twitter, Youtube and Pinterest.

And that’s not just it, we won’t simply upload a picture or video of your home to these sites. We will make sure people are interested in your home the moment they see it. By the time they set foot on it, they will want to buy it. We work with professional photographers and video designers, so your home gets the best look; HD pictures and video will make sure this happens.

By using the best tools available and promoting your home everywhere possible, from our sites, social media and ads in The Woodlands Mall, your home will get the best promotion you could get anywhere in The Woodlands. At Tamborrel Properties, selling homes is our passion and if you want to sell your home in The Woodlands, come to us, the best real estate agency in The Woodlands.

For more information about how to sell your home in The Woodlands, please call realtor Luis Tamborrel at (832) 482-9367 and visit us on Facebook: https://www.facebook.com/woodlandsnewhomes

Hablamos Español y contamos también con información sobre casas en Woodlands, comuníquese al al 55.4991.4933 o Nextel 72*13*9814 desde México. 

East Shore, the "Garden District" of The Woodlands Town Center, borders the eastern edge of 200-acre Lake Woodlands. East Shore is within walking distance to shopping, dining and entertainment venues along The Woodlands Waterway, a 1.4-mile transportation thoroughfare, linear park and water amenity, in the heart of The Woodlands Town Center. Distinctive urban neighborhoods with classic architecture, street trees, formal garden parks, green spaces, ornamental streetlamps, private alleys and lake views are featured in East Shore.

Pelican Builders is offering homes for sale in East Shore. Pelican Builders has already sold 28 of the 41 single-family homes for sale in East Shore in the gated community of East Gate in East Shore. “Only 13 opportunities remain for your buyers to live in the only gated community with a pool and cabana in East Shore,” said Barbara Fredricksen with Pelican Builders.

Pelican Builders has only five homesites remaining in Ellipse Park. The new single-family homes are next to Ellipse Park and the future East Shore Clubhouse.

For more information about homes for sale in East Shore and homes in The Woodlands by Pelican Builders please contact realtor Luis Tamborrel at (832) 482-9367.

Hablamos Español y contamos también con información sobre casas en venta en Woodlands, comuníquese al al 55.4991.4933 o Nextel 72*13*9814 desde México.

Source: The Woodlands Real Estate Report

I've called The Woodlands home for ten years now and in all these years I've never had any reason to complain about this community. Is a great place to live, really. I don't say it just because I must, but out of experience, as someone who has called The Woodlands home for a decade and is raising a family here.

The Woodlands has several advantages that have made my life easier. As someone who is used to travel, having the airport just 15 minutes away is a real blessing. You might wonder if living 25 miles away from downtown Houston translates into a boring lifestyle. All the opposite. For one, you can get to downtown in 30 minutes and on the other hand, The Woodlands offers everything you need and more. Town Center The Woodlands features The Woodlands Mall and Market Street The Woodlands, where you can find all you can imagine for shopping and dinning. From exclusive boutiques to big retailers, and popular restaurants, The Woodlands gives you all you need.

If you are looking for a night out with friends, Waterway Square, along the Woodlands Waterway, offers a wide variety of pubs, bars and restaurants to spend the weekend nights celebrating and meeting with your friends for a beer or dinner.

If you are an outdoors person, you can always enjoy the hundreds of parks and parkways that are located within The Woodlands, and the George Mitchell Nature Preserve, where you can enjoy some mountain biking. The Woodlands features three different branches of YMCA, with plenty of activities for all the family.

Schools in The Woodlands belong to the districts of Conroe, Tomball and Magnolia, all of the awarded for their excellence and several excellent private schools such as John Cooper School and St. Anthony of Padua Catholic School are located in The Woodlands.

Hospitals in The Woodlands include Memorial Hermann The Woodlands Hospital, St. Luke's The Woodlands Hospital and St. Luke's Lakeside Hospital; all of them with world-class technology and services, assuring you will get the best care if you ever are in need of going to the hospital.

In summary, The Woodlands is a great place to live, which offers not only a great lifestyle, but a wide variety of homes. Homes in The Woodlands are divided in different villages, with different sizes, styles and prices.

What are you waiting for? Come home to The Woodlands. Call us now at (832) 482-9367 and receive the best real estate advice you can get.

Don't forget to follow us on Facebook: https://www.facebook.com/woodlandsnewhomes

The Woodlands is once again one of the best-selling master-planned communities in the country, ranking in the top 10 in new home sales for the 18th consecutive year. The main driver behind the high number of home sales is the community’s final village, Creekside Park The Woodlands.

Of the 1,007 homes sold in The Woodlands last year, 756 were sold in the Village of Creekside Park, representing 75 percent of all homes sales in The Woodlands last year.
 
Development of The Village of Creekside Park began in 2006, signaling the beginning of the end of large-scale residential development in The Woodlands.
 
Tim Welbes, co-president of The Woodlands Development Company, said the design concept of the village was conceived to encourage its residents to spend time outdoors and to take advantage of the trails, parks and water features.
 
Creekside Park features more than 1,850 acres of parklands, including the 72-acre lake and linear park at Lake Paloma and eight neighborhood parks. The village also offers direct access to the 1,700-acre George Mitchell Nature Preserve, and one of the most popular family destinations in The Woodlands, the Rob Fleming Park and Aquatic Center.
 
According to The Woodlands Development Company, the population of Creekside Park in 2007 was 72. As more homes have been built and infrastructure has improved, that number increased to 3,979 in 2011. The Development Company projects that by 2016, population in Creekside Park will top 12,000.
 
According to the Development Company, there are at least 10 neighborhoods within Creekside Park featuring new home construction. Welbes said that by the time construction in the village is completed, Creekside Park will have more than 5,700 homes.
 
For more information about homes for sale in Creekside Park, please contact realtor Luis Tamborrel at (832) 482-9367.

Hablamos Español y contamos también con información sobre casas en Woodlands, comuníquese al al 55.4991.4933 o Nextel 72*13*9814 desde México.

Source: impactnews.com

The Woodlands Texas hasn't stopped growing since its inception in 1974. This is proven by the wide variety of new homes for sale in The Woodlands Texas available in its different villages, such as East Shore, Sterling Ridge and Creekside Park.

These new homes for sale in The Woodlands Texas have been built by renowned national and regional homebuilders, such as Darling Homes, Stonemark Homes, Toll Brothers, M/I Homes, among others, offering the potential buyer a wide variety of designs and styles.

Homes range between $240,000 and more than $2 million in neighborhoods like Jagged Ridge, Timarron, Hearthshire, Almondell, Paloma Grove and Tupelo Park.

Chosing to buy one of the new homes for sale in The Woodlands Texas means you will be able to enjoy the lifestyle and amenities that only The Woodlands can offer such as The Cynthia Woods Mitchell Pavilion, Market Street The Woodlands, George Mitchell Nature Preserve, The Woodlands Mall and much more.

Living in The Woodlands is an experience you won't have anywhere else. The homes, lifestyle, amenities and location make The Woodlands the place to live.

For more information about new homes for sale in The Woodlands please contact realtor Luis Tamborrel at (832) 482-9367 and follow us on Twitter: https://twitter.com/woodlandstweet

When looking to live in The Woodlands, the homes in Sterling Ridge are among the best options. The village of Sterling Ridge is located in the west section of The Woodlands, surrounding the gated community of Carlton Woods. Founded in 1999 as part of The Woodlands' 25th anniversary, Sterling Ridge offers a wide variety of homes for sale in The Woodlands.

Schools in Sterling Ridge include Deretchin Elementary (K-6 grades), Coulson Tough Elementary (K-6), and the Ninth Grade Campus for The Woodlands High School. Children can also enjoy activities at the Branch Crossing branch of the South Montgomery County YMCA.

The main parks in Sterling Ridge include Artist Grove Park, Carlton Woods Park, Cranebrook Park, Terramont Park and May Valley Park, the latter located in the latest area of Sterling Ridge, May Valley.

May Valley is a 400-acre area within Sterling Ridge The Woodlands. May Valley offers homes in Sterling Ridge in the neighborhoods of Hearthshire, Golden Orchard and Almondell by builders in The Woodlands D.R. Horton, M/I Homes and Highland Homes. Prices range between the $240's and the $550's.

For more information about homes in Sterling Ridge please call realtor in The Woodlands Luis Tamborrel at (832) 482-9367 and visit our Facebook page: https://www.facebook.com/woodlandsnewhomes

The lifestyle in Texas top master-planned community The Woodlands is unmatched and its latest village, Creekside Park, embodies this lifestyle to perfection. The houses for sale in Creekside Park offer the buyer the chance to live among nature without missing the benefits of an urban lifestyle.

Creekside Park sits south of 1700-acre George Mitchell Nature Preserve, a place where you can enjoy hiking among the woods or practicing mountain biking. Lake Paloma runs through the village, providing residents with a scenic views.

South Montgomery YMCA has a branch in Creekside Park: Creekside YMCA Outdoor Adventure Center which, as it name implies, emphasizes on outdoor activities, which all the children will certainly enjoy. The Rob Fleming Park & Aquatic Center also offers a venue for events and activities.

Speaking of children, Creekside Park is located within the Tomball Independent School District, which assures you that your children will receive exemplary education.

The houses for sale in Creekside Park are offered by different national and regional builders in The Woodlands including Chesmar Homes, Lennar, J. Patrick Homes and more. New homes in Creekside Park range from the 240,000's to the 900,000's.

For more information about houses for sale in Creekside Park please contact realtor Luis Tamborrel at (832) 482-9367 and we will gladly assist you with any question or doubt you may have.

Visit us at our Facebook page: http://www.facebook.com/woodlandsnewhomes

Tamborrel Properties was born in the late 90's with the idea of establishing a real estate agency in The Woodlands that would provide high quality services. From that date until now, Tamborrel Properties has assisted thousands of people find their new home in The Woodlands Texas and has placed our team among The Woodlands Top Realtors.

Just last year, Tamborrel Properties, sold more than 100 homes in The Woodlands and has worked  with thousands of clients in search of new homes in The Woodlands since the late 90’s. All of this work has made them The Woodlands Top Realtors.

Tamborrel Properties, The Woodlands Top Realtors, know The Woodlands real estate market deeply and can help you find the best new homes in The Woodlands. Growth continues for the entire area of The Woodlands. Demand for homes in The Woodlands Texas is on the rise, and so the construction of new homes in The Woodlands.

If you are interested in investing in homes in The Woodlands Texas please contact Tamborrel Properties, The Woodlands Texas Top Realtors, who will advise you. Call (832) 482 9367, from the U.S., from Mexico to (55) 49-91-49-33, or Nextel 72 * 13 * 9814.

 

Purchasing a home is a big step, probably the biggest you will make in your lifetime, which involves a long process which, if you are not familiarized with it, can be a long and tedious one. That's why here at Tamborrel Properties, our agents, the top producers in The Woodlands, will assist during the whole process until the closing, so you don't have any problem.

Tamborrel Properties has more than 15 years of experience in the market of real estate in The Woodlands, and features a multinational team of real estate agents in The Woodlands from Venezuela, Argentina, Mexico and the United States. This way, it doesn't matter where you come from, we will be able to understand your particular needs and give you a personalized customer service.

Throughout the years, Tamborrel Properties has been awarded for its excellent service. Luis Tamborrel, broker/owner of Tamborrel Properties, has received several awards for his outstanding work, including #1 in New Homes Sold in 2008 by The Woodlands Development Company and Houston's BEST Realtor Award in 2009 by GHBA (Greater Houston Builders Association).

Luis also received the Green Gold Medal by The Woodlands Development Company  in 2010, #1 in New Home Sales by The Woodlands Development Company in 2011 and member of The Woodlands Producer’s Club as Platinum Producer with 14  New Home Closings in 2012, placing him among the top producers in The Woodlands.

Our agents have also been named member's of The Woodlands Producer's Club and have certifications such as Certified Luxury Home Marketing Specialist, Certified Home Marketing Specialist. With such an excellent team of top producers in The Woodlands, you won't have to worry about the process of buying your home in The Woodlands, but about how you will decorate it once you have moved in.

Don't hesitate on more second and call us, the top producers in The Woodlands! Find about homes for sale in The Woodlands, real estate in The Woodlands and more by calling at (832) 482-9367 and visiting our Facebook page: https://www.facebook.com/woodlandsnewhomes

 

Tamborrel Properties, the best real estate agency in The Woodlands once again has a new listing on the market and you should definitely come to check it out. I'm talking about 143 Sage Sparrow Circle, located in the beautiful village of Creekside Park in The Woodlands.

This 5192 square feet home will certainly be of your liking. Not only it is on Creekside Park, but has all you can wish for within it. The main entrance has custom tile floors (which spread all throughout the first floor) with a gorgeous marble medallion, as well as a beautiful curved wrought iron staircasem making a grand entrance to the home.

5 bedrooms and 4 and a half bath means any family can live here comfortably and visitors staying overnight will also be at comfort. No more giving the kids room to visiting relatives, they can stay in their very own guest room. The main bedroom has all the space you need and features a god-like bathroom. A bath had never felt so good in here.

The kitchen features an island and gorgeous granite countertops, and has a serving area outside formal dining room for ease of entertaining. The living room enjoys excellent ilumination and has a stone fireplace, ready for those cold winter nights. Next to the living room is a chic and luxury wine cellar, which gives the home a touch of elegance.

The homes features a neutral color palette, meaning that it is ideal for any type of decoration, so you won't feel limited or be in trouble for looking for ways to decorate your new home. Don't hesitate any longer and come visit this house with Tamborrel Properties, who will give you the best real estate experience.

For more information about this home in Creekside Park and other homes in The Woodlands, please contact realtor Luis Tamborel at (832) 482-9367. Don’t forget to follow us on Facebook: https://www.facebook.com/woodlandsnewhomes

Hablamos Español y contamos también con información sobre casas en Woodlands, comuníquese al al 55.4991.4933 o Nextel 72*13*9814 desde México.

THE WOODLANDS, TX- Arts in the Park, a family-friendly program of The Woodlands Township, is scheduled for Saturday, March 9, 2013, from 2 to 6 p.m. at The Lodge at Rob Fleming Park, 6055 Creekside Forest Drive, 77389 in Creekside Park The Woodlands. The free program will feature stage entertainment, handmade merchandise for sale and a kid zone including bounce houses and arts and crafts (while supplies last).

Entertainment for the event includes Bollywood Dance, Cass-Barrington Academy of Dance, Class Act Productions, Christian Youth Theatre, Le Theatre de Marionette, Lessons on the Go, Paddington School and a feature performance by the In the Spotlight Teen Talent Show winner.

Spectators may view or purchase handmade work by local artisans including woodwork, pottery, paintings, crafts, tutus, jewelry, jams, olive oils and more. Concessions will be available for purchase.

Arts in the Park is produced by The Woodlands Township and sponsored by The Woodlands Development Company and Munday Chevrolet.

For more information about events in Creekside Park, homes for sale in Creekside Park and The Woodlands homes for sale, please call realtor Luis Tamborrel at (832) 482-9367. Don't forget to follow us on Facebook:

Hablamos Español y tenemos información acerca de bienes raíces en The Woodlands, sólo comuníquese al 55.4991.4933 o Nextel 72*13*9814 desde México.

Don’t forget to follow us on Facebook: https://www.facebook.com/woodlandsnewhomes

Source: fatcatwebproductions.com

 

Pelican Builders is offering homes for sale in East Shore The Woodlands in two new neighborhoods, Ellipse Park and East Gate, in the Village of East Shore, the Garden District of The Woodlands Town Center, next to Lake Woodlands.

The first phase of development in Ellipse Park features 12 single family homes. Homesites are located in the Mid-Lake area in East Shore, next to Ellipse Park, a half-acre park. Homes in East Shore have views either to the park or to Lake Woodlands.

Residences are built in a classical architecture, with elegant interior finishes and view corridors to side courtyards and patios. The average house is 3,000 square feet with three bedrooms, three bathrooms and breakfast room. Buyers have the option to convert an additional 722 square feet, adding a fourth bathroom, a fourth bedroom and a study. Houses are priced between $725,000 and $850,000.

East Gate is a neighborhood under development which includes 41 single family homes in East Shore with gated access. East Gate will have a pool and a cabaña, available for residents. Houses will range from 2,100 to 2,600 square feet with prices between $465,000 and $595,000.

East Shore has easy access to shopping, dining and entertainment venues in The Woodlands Waterway in Town Center. Called the Garden District, East Shore feature classical architecture styles, parks, street trees, ornamental street and a pedestrian-friendly ambiance.

For more information about homes for sale in East Shore, please call realtor Luis Tamborrel at (832) 482-9367. Don't forget to follow us on Facebook: https://www.facebook.com/woodlandsnewhomes

Hablamos Español y tenemos información acerca de propiedades en The Woodlands, sólo comuníquese al 55.4991.4933 o Nextel 72*13*9814 desde México.

Source: chron.com

 

Spurred on by a shortage of new home inventory, the sale of existing homes in Montgomery County increased by an eye-popping 41.3 percent in January.

According to data compiled by the Houston Association of Realtors, 404 homes were sold last month. That was 118 more than the 286 homes sold in January 2012.

As work continues on ExxonMobil’s headquarters just south of The Woodlands and more companies flock to Montgomery County, the demand for housing remains unabated.

Pending sales (289) are running at a 15 percent clip ahead of the prior January. And of the 404 homes sold last month, more than half (214) were sold in The Woodlands and South County area.

The HAR figures support that view. The days a house stays on the market fell by 6 in The Woodlands/South County area (75 from 81), an incredible 32 days in Conroe/North County (78 from 110), and 11 days in East County (86 from 97).

January sales increased 50.7 percent in The Woodlands/South County, 55.6 percent in East County, 26.7 percent in the Lake Conroe/West County area and 20.8 percent in the Conroe/North County area.

The total dollar volume of $101.543 million in January is 34.7 percent ahead of the prior month total of $75.329 million.

Precinct 3 Commissioner James Noack expects to be busy at least through 2014, as developers are expected to construct approximately 7,000 new homes in, and around, the Rayford Road corridor.

Until the new home market stabilizes, prospective buyers will continue to turn to a competitive existing home market.

Creekside Park The Woodlands and Woodforest are the hottest new home developments in Montgomery County.

For more information about homes for sale in The Woodlands, please call realtor Luis Tamborrel at (832) 482-9367. Don't forget to follow us on Facebook:

Hablamos Español y tenemos información acerca de bienes raíces en The Woodlands, sólo comuníquese al 55.4991.4933 o Nextel 72*13*9814 desde México.

Source: yourhoustonnews.com

Information from houselogic.com:
Mortgage interest rates may be at all-time lows, but it’s tougher than ever to actually get your mortgage refinanced. Boost your chances of success by avoiding the five biggest mistakes home owners make when refinancing.
 
1. Not getting a quote from your current lender

Unless you hate the lender you’re with now, start your refinance shopping there. Since the company already has a (we hope) good relationship with you, they’ll probably be anxious to retain your mortgage business. If you bypass your current lender, you may miss out on the fastest, easiest trip through underwriting.

However, if you’ve gotten horrible service, you can ask for a rate quote anyway and use it to comparison shop other lenders’ deals.

2. Having too many bills and too little money

Lenders look at how much income you make and how much money goes toward your bills each month. If you’ve got a lot of debt and high monthly payments, your lender might decide you don’t have enough cash left over to pay the new mortgage — even if the new payment is lower than your current payment. The remedy? Pay off as many outstanding bills as you can before seeking a refinance.

3. Maxing out your credit

A portion of your credit score is calculated by comparing the total credit you have with the credit you’re actively using. Say the credit lines on all your credit cards add up to $50,000. If you’ve maxed out your credit, that’s a red flag for your lender.
 
However, if you’ve only used, say, $10,000, you situation looks under control. Pay down debt if you can before you refinance. Here are some tips to help you improve your credit score.

4. Using credit to make big purchases right after you apply

Don’t buy a new car, don’t finance new appliances, and don’t take out a student loan between the time you apply for a refinance and the day you get your loan funded. Adding any new debts or monthly bills changes your financial situation. Your lender might decide you now have too much debt or too little income to get the refinance.

5. Having unfinished remodeling projects

If your lender sends an appraiser out to value your house and you’ve ripped the siding off the front of your house, your unfinished project can derail your refinance.

A lender will only give you a refinance if it thinks it can sell your house if you don’t make the mortgage payments. A half-finished project would bring only half-hearted purchase offers at a foreclosure sale.

For more information about The Woodlands homes for sale, please call realtor Luis Tamborrel at (832) 482-9367.

Hablamos Español y tenemos información acerca de bienes raíces en The Woodlands, sólo comuníquese al 55.4991.4933 o Nextel 72*13*9814 desde México.

Source: houselogic.com