Prescott Real Estate News Blog's purpose is to keep current, past, and potential clients apprised of the real estate market conditions for the Prescott, Arizona Area. National and state news and events will be posted but special emphasis will be placed on Prescott Area and the Yavapai County - Prescott, Prescott Valley, Chino Valley, Dewey and Kirkland/Skull Valley.
-Prescott Real Estate News
Diversity and Real Estate plus Benefits of a VA loan
The Benefits of a VA Loan
This year approximately 90% of the CLOSED loans have been either VA or FHA. I still believe VA is the sleeper with fewer of them being done than could be. And the quick qualification question; "Do you happen to be a Veteran?" There are many advantages to a VA loan, including;
ZERO down payment
Loan amounts up to $1.5 MILLION! (Down payments required if greater than $417,000
NO Monthly mortgage insurance premiums!
In order for a Vet to qualify they must have served in either the Army, Navy, Air Force, Marines or Coast Guard after 9.15.1940 and was discharged under conditions other than dishonorable after either
90 days or more during wartime
181 days or more; peacetime
basically Vets serving after 1980 need to have completed 2 years of service
The Veteran or I (as their loan officer) can go on line and check their eligibility but in most cases the Veteran will have a copy of their DD Form 214 as evidence they are eligible.
I Offer the Following Home Financing Options
Home Path Loans, 3% Down
Manufactured Home Loans: FHA & Conventional Financing
Investor "Flip" Loans
VA Loans up to $1.5 MILLION!
Second / Vacation Home Loans
Diversity and Real Estate
I have been reading information provided by the real estate profession on diversity. It is appearing to me (I will gladly stand corrected if I am wrong) but all of the information I am finding focuses on race and ethnicity, "minorities". These are but two of many dimensions of diversity!
I was a corporate facilitator of diversity for a Chicago firm and traveled the U.S. facilitating workshops for Fortune 500 companies, U.S. governmental agencies and large corporations; Sara Lee, Caterpillar, U.S. Forest Service to name a few...so I admit, I am passionate about this issue!
Diversity is far, far beyond race and ethnicity. Yet race and ethnicity are a couple of the primary dimensions of diversity. To have, build and sustain a diversity initiative within any organization...including a 1 person real estate firm!, here is a list of some dimensions of diversity that need to be included;
Level within an organization
So even with us working in small communities we have diversity issues; not right nor wrong but in the context of bringing awareness to the issue. For example, I am 52, white, male, married from Iowa. If I come to work in a real estate office that just hired a 30 year old single guy from New York, who just got out of the military, do you think we have different ways of seeing the world?
Diversity is about respecting differences, uncovering similarities, valuing everyone's uniqueness and better understanding people for who they are. Remember the saying; "Seek first to understand, before being understood?" Too often people focus on their differences, rather on similarities...causing frustration and breakdowns. When one takes time to understand another from several of the dimensions of diversity, you build trust and a relationship. After all, we all have far more in common than our differences.
Jim Hostler Senior Mortgage Loan Consultant Lenders Direct a division of Gateway Business Bank