Kevin Savoie's (kevinsavoie) Blog

Mortgage rates hit 7 month high with an average of 5.59% so lock in your rate now if you're considering buying or refinancing.

NOLA Lending Group just announced new mortgage interest rates. Conventional 30 year fixed is 5.75% with 95% financing. FHA and VA 30 fixed are 6.50% with 97% financing for FHA and 100% financing for VA. Call me, 985-788-5665, or message me if you need more info.

I had an interesting question over the weekend. A man made an offer on a vacant piece of property that is for sale by owner. The offer was accepted and is now a valid contract. The buyer is now aware that the property is in a flood zone and requires additional insurance. His question is "Can I ge...

On November 28, the day after Thanksgiving, retailers will open their doors to waiting crowds of shoppers looking for the ultimate bargains. Limited quantities of high demand, on sale electronics and toys will fly off the shelves. Retailers are also advertising rock bottom prices on cars, trucks,...

All St Tammany Parish property owners should have received a letter from the Parish Tax Assessor's office outlining their proposed 2008 property tax assessment. Owners are allowed to appeal the assessment during the public review period that ends October 16th if they disagree with the assessed va...

I had a good question last night. A lady that I'm working with asked if she had to sign papers to buy her new home with the possibility of Hurricane Gustav washing it away. In real estate "all bets are off" once a named storm enters the Gulf of Mexico. Insurance companies will not issue policies ...

A new issue of Louisiana State bond money is available for homebuyers. The rate is 6.625% and is fixed for 30 years. With this program, borrows get 4% of their loan amount in GRANT money to help with down payment/closing costs. That means you get 4% of the loan amount for free. Income limits are ...

Sold! Like it or not you just bought it. Auctions can be a good source for finding bargain properties but they do have their drawbacks. First, let's cover some basics. The St Tammany Parish Sheriff's office holds auctions on Wednesdays in the courthouse. The seized properties being auctioned are ...

The good of course is Team Savoie, your local real estate professionals. The bad is the current state of the economy. I say current because it will get better. I know there are some that would have you believe that the economy is and will forever be terrible. In respect to real estate, if you're ...

The new federal housing bill includes a First Time Home Buyer Tax Credit for homes purchased between April 9, 2008 and July 1, 2009. The bill provides a maximum $7,500 tax credit for first time home buyers. For more information go to the NAHB's new website www.federalhousingtaxcredit.com.