How does the rise in mortgage rates affect YOUR purchasing power?

Are you ready?

Do you know how it will affect you?

Which house would you prefer?

THIS

 

OR THIS?

Are you contemplating purchasing a home?  A lot of buyers make the mistake of only looking at the sale price of a property when deciding to buy a home or vacation home.   In reality, the timing of the purchase  could be even more important.  If you have been on the fence, the time to purchase may be now.   

Consider this……

For each percentage the Federal Reserve raises interest rates, it decreases a buyer’s purchasing power by 9 to 11% (depending on loan amount) – and the Fed’s have given every indication that rates will be going up!  The interest rate you pay on a home  affects you monthly over the life of the loan.

  Below is a graph that gives some great examples of how interest rates affect YOU, the consumer.

Monthly Payment Table for 30 year loan with Interest Rates from 3.500 to 6.000 Percent

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Loan	3.500	3.812	4.125	4.438	4.750	5.062	5.375	5.688	6.000
150000	673.57	700.00	726.97	754.47	782.47	810.97	839.96	869.41	899.33
160000	718.47	746.67	775.44	804.77	834.64	865.04	895.95	927.37	959.28
170000	763.38	793.34	823.90	855.06	886.80	919.10	951.95	985.33	1019.24
180000	808.28	840.00	872.37	905.36	938.97	973.17	1007.95	1043.30	1079.19
190000	853.18	886.67	920.83	955.66	991.13	1027.23	1063.95	1101.26	1139.15
200000	898.09	933.34	969.30	1005.96	1043.29	1081.30	1119.94	1159.22	1199.10
210000	942.99	980.01	1017.76	1056.25	1095.46	1135.36	1175.94	1217.18	1259.06
220000	987.90	1026.67	1066.23	1106.55	1147.62	1189.43	1231.94	1275.14	1319.01
230000	1032.80	1073.34	1114.69	1156.85	1199.79	1243.49	1287.93	1333.10	1378.97
240000	1077.71	1120.01	1163.16	1207.15	1251.95	1297.55	1343.93	1391.06	1438.92
250000	1122.61	1166.67	1211.62	1257.45	1304.12	1351.62	1399.93	1449.02	1498.88

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Below is a table of  potential rate hike probability of increases for the NEAR FUTURE.

BOTTOM LINE… NOW is the time to pull the trigger!

There are lots of steps that go into purchasing a home.

The first step is finding a lender that you are comfortable with and going through the process to determine what your maximum approval amount is for a purchase price.  Buyers should take the time to “shop around” to insure you get the best rate and compare all other costs and fees associated with the loan.  The industry standard of borrowing for a home is no more than 28% of gross income and that’s assuming all debt services are under 36%.  A buyer can help reduce his/her costs by putting 20% down on a property which will eliminate private mortgage insurance.  PMI is insurance that protects the lender from non-payment.

A buyer’s pre-approval amount doesn’t necessarily mean that’s what you want to spend on a property. 

You need to consider your lifestyle and your comfort level.  Does the home you are purchasing need renovations?  Do you have college education ahead?  Do you enjoy vacationing with family?  When you purchase this home are you wanting all new furniture?  Are you planning for retirement?   Where is your comfort level with the loan amount?  As a real estate agent here in Branson MO, I know lots of new home owners want to purchase a boat and additional lake toys.  These questions need to be answered prior to finalizing your maximum loan amount.

Get Yourself A Buyer’s Advocate

It’s also key that you get a buyer’s advocate: a real estate professional who has knowledge of the area in which you are purchasing.  You want someone who will help you navigate the buying process.  They should be able to bring not just knowledge of the area, but listen to what your desires are for your new home and then be able to comb the inventory and produce homes that fit your criteria.

They need to be able to help you understand nuances of the area, for example: septic systems; wells; homeowners and condo association dues; boat slips, HOA’s, COA’s, state and county laws that might affect you.

The agent should have an extensive vendor list to help you during and after purchase; inspectors, roofers, handymen, plumbers, movers, gas companies, electric companies, churches and so much more.  This will help ease the buyer’s transition into a new community.

So choose wisely, interview, make sure your communication styles fit.  You will be spending a lot of time with your agent and you need to trust them to work on your behalf.

Our goal at Table Rock Realty Group is to treat our client’s home as if it was our own.  We know that if we do that, we have provided a higher level of service.

 

Author: Sharol Nuckolls, REALTOR©

Table Rock Realty Group is Different by Design, offering a superior level of knowledge, expertise and complete Concierge Real Estate Services.  We also have a dedicated office manager to best serve our clients.  Call us today if you are looking for property in the Branson, MO or Table Rock Lake areas – or if you just have questions about real estate.  We can even help you find a quality REALTOR© in another community.

Call Sharol Nuckolls @ 417.593.2010 or Liz Chun @ 240.344.4582 today!  You’re invited to search our website @ TableRockRealtyGroup. com or follow us on Facebook or find us on Pinterest, Twitter, Instagram, & Google+.   We look forward to helping you navigate your real estate journey!

 

 

 

 

Branson area Luxury Home on a cliff overlooking the Kings River as it enters Table Rock Lake

Table Rock Lake area home: would you like to live on top of Table Rock Lake?

Additional Luxury Properties on Table Rock Lake

Table Rock Lake Luxury home with Breathtaking views of the mouth of the Kings River

Are you looking for similar luxury homes on Table Rock Lake, follow the link: This custom home has stunning views of the Kings River where it flows into Table Rock Lake and the Ozark country side surrounding you. Truly unobstructed, breath taking and it could be yours!

Table Rock Luxury Lake Home with stunning Ozark views

Would you like to live on top of Table Rock Lake?

This custom home has stunning views of the Kings River where it flows into Table Rock Lake and the Ozark country side surrounding you. Truly unobstructed, breath taking and it could be yours! This custom luxury home has quality construction from top to bottom. The exterior has brick and hardy plank,a sprinkler system, whole house generator, a three car attached garage plus one car detached for workshop or lake toys. This home is truly low maintenance so the new owner can spend time fishing and boating on the Kings River and Table Rock Lake.

Branson area lake view homes for sale with Sunset from lake home deck time

The interior has stunning craftsmanship from the gourmet kitchen that would make any chef smile!

Loaded with custom cabinets, granite counter tops, energy efficient appliances, double oven a breakfast bar and open to the great room and dining to make entertaining friends and family easy. The great room has trayed ceiling, a gas fireplace and access to one of two decks that span the back of the property to take in the stunning views of sunset.

Branson area luxury lake homes with a Gourmet Kitchen and decorator touches

Branson area lake homes with Great Room having access to deck

The master is oversize with tray ceiling, access to deck, walk-in closet, and en-suite master bathroom. There is add bedroom, bath and half, utility room and office on main level. The lower level is a Mecca for a Man Cave, open area with a theater, pool table, darts, table top shuffle board, bar for after lake entertainment. There is also an additional bedroom, bath and oversize hobby room with pull down bed for the unexpected guests, and loads of unfinished storage.

Table Rock Lake homes with a bar area to celebrate with friends and family

Branson area luxury homes that’s ready for game night?

Branson area lake homes- Watch a movie after a long day on the boating

Making memories fishing and boating will definitely be in your future, if you buy this lake property.  The owners have a slip for additional dollars less than a mile away!

Table Rock Lake homes with boating as an option

Making memories fishing and boating will definitely be in your future, if you buy this lake property Author: Sharol Nuckolls

Author: Sharol Nuckolls Call Sharol Nuckolls @ 417-593-2010 or find me on Facebook or Pinterest @ Table Rock Realty Group, follow me on Twitter   or on Instagram @ Mamanuck, Google+ or search for homes @ http://www.tablerockrealtygroup.com/

A Night to remember with Neighbors & Friends of Table Rock Lake

As always Villa Vista opened it’s doors to another amazing concert with Delyla & Roy Roger Jr, two of Dusty’s High Riders- Tommy Nallie, John Fullerton and Don Saylor. We were surrounded by over a hundred of our friends from around the area, to here wonderful stories told by Dusty about his family and his father and the amazing history of Cowboy music and the life they lead out on the range.

There were times I actually could feel myself sitting by a campfire with crickets churping and a trusty cowboy pulling out his guitar and singing under the stars…. Truly a historic night with old songs Call of the Wild, Cimarron, Roll on, Timber Trail and many more and suprises such as Desperado & By the Time I get to Phoenix from the modern cowboy era.

Delyla as always amazed us with her voice and her command of the piano.

Her ability to cross so many different styles of music with ease is a testimate to her musical talent. Don Saylor amazed us with his abilities on the accordion. The evening ended with a tribute song to Roy Rogers (truly a special individual, who taught us so much through song and movies) and off course the evening could not end with out the audience and musicians sing Happy Trails.

Thank you to all those who worked so hard to pull off another amazing event for such a great organization.
If you are looking for a Non-profit organization to be involved Neighbors and Friends is a place for women to connect and help give back to our community. We meet the second Monday of each month at 10:30 at Our Lady of the Cove Catholic Church (20 Kimberling Blvd., Kimberling City MO) Lunch is always served for $12, but we need reservations, so call Myrna Rickart for more information about Neighbors & Friends @ 417-739-9547 or make a reservation with Anna Chance @ 417-338-0304.

Audience had an a spectacular evening here in the Ozark Mountains

For more information go to Neighbors and Friends of Table Rock Lake website

Look for other upcoming events Sip & Bid & Christmas Home Tour!

Author:  Sharol Nuckolls

Neighbors & Friends of Table Rock Lake Upcoming Events

Come join us at Neighbors & Friends of Table Rock Lake

Are you looking for a organization that’s purpose is to encourage friendship between participants by having monthly luncheons with speakers from our community and interest groups for people to get involved with from nature groups to wine clubs, there is something for everyone.  As an non-profit organization we have a passion for our community and we focus  on assisting charitable and humanitarian projects within the Table Rock Lake Area.

We do several projects to raise money for charitable organizations, we are fortunate to have Delyla Uebel in conjunction with Roy Roger Jr,two of Dusty’s High Riders, Tommy Nallie & John Fullerton presenting a Western Concert at Villa Vista.  It should be a beautiful evening and has already sold out!

Roy Rogers Junior

Delyla Aulgur Uebel

Sip & Bid is another event held on Sat., 10/25/14 at StoneBridge Village from 3:30-6:30 where we will have a live & silent auction of wonderful items donated by the community, Hors d’oeuvres, music and much more! Tickets are on sale and can be bought at the Kimberling City Library or at monthly meeting.  This is a wonderful opportunity to mingle, make new friends and help raise money for great organizations in the community.

 

Finally we have our Christmas Tour of Homes, this is our 14th year and every year it gets better and better!  There will be four fabulous homes all dressed up for the Holidays.  You won’t want to miss this Christmas experience..  Mark your calendars for December 5 & 6 from 9:30-4pm and tickets are only $15.  There will be a hospitality room set up at the Kimberling Area Library as well where we will have gifts & glitz galleria of featured local craftsman as well as baked goods. Complimentary beverages & cookies will be served.  Prizes will be drawn and lunch is available to purchase from 11-2pm.  You can start purchasing your tickets as of 11/1 at multiple location found on our website http://www.nftrl.org/hometour  Get more information on The Christmas Tour Facebook Page

Spectacular Homes for 2014 Christmas Tour

Last year Neighbors and Friends of Table Rock Lake raised over $28,000 all while fostering friendships among neighbors.  Help us make this year even better and come join us and get involved.  We meet the second Monday of each month at 10:30 at Our Lady of the Cove Catholic Church (20 Kimberling Blvd., Kimberling City MO)  Lunch is always served for $12, but we need reservations, so call Myrna Rickart for more information about Neighbors & Friends @ 417-739-9547 or make a reservation with Anna Chance @ 417-338-0304.

Come join 250 women who want to make a difference here in our community!

“There are no strangers, only friends who have not met.”

                      — Myrna Rickart and Helen Edgington, Co-Presidents

 

Author:  Sharol Nuckolls

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Branson area lake view Luxury property with room to roam

Branson area lake view home with lots of deck space for entertaining

Are you looking for space to roam the Ozark Mountains with the backdrop being Table Rock Lake? 

 Similar Table Rock Lake view homes with acreage.

This special home offers you privacy with prime location, within 15 minutes of Branson, MO.  When you drive up the long asphalt road you are surrounded by the Ozark Mountain Countryside, don’t be surprised to come up on wildlife such as turkey, deer & foxes.  The home sits on 49+/- acres with panoramic views of Table Rock Lake.

If you are looking for a park like setting, this is the home for you! 

This property has over 5,000 sq. ft. with 4 bedrooms & 6 bathrooms.

Storage for lake toys, bathroom, utility area, kitchen, dog run and HVAC

 

Friends & family will love to visit!

You can spend time on Table Rock Lake, come home & hunt, hike, four wheel or take to the expansive deck or patio & enjoy nature at it’s best.  One of the world’s best man caves is also on property, a 54’x54’ detached 3 car garage & workshop.  This garage has a ¾ bath, casual kitchen, man-cave seating area, HVAC, extra covered storage overhang, fish cleaning station, dog kennels and lots of room to store all your lake toys.  Calling all men who want it all!

The open concept will make it easy to entertain your guests! 

The great room is large and has a beautiful fireplace & mantle.  The formal dining area is surrounded by a wall of windows to enjoy Table Rock Lake by candlelight for dinner or spill out on the deck w/ a glass of wine.  Your friends can gather at the breakfast bar or nook informal dining area as you plan the meal.

Amazing to wake up to and go to bed w/ Table Rock Lake

Branson Table Rock Dining could not be better!

If your looking for a master suite with style & elegance with an amazing view, look no further.  Every morning the sun will give you a private showing over the lake through the wall of windows.  There is a sitting area w/ gas fireplace to lounge in after a long day on the lake.  The master bathroom has dual vanities, jetted tub and walk-in closet with built-in drawer. There are two additional large bedrooms on the main floor & with full bathrooms and walk-in closets.

There is an additional bedroom in the lower level & an entertainment mecca.  The family area has a pellet stove and game room for pool or ping pong.  Friends & family will gather after a long day fishing or shooting.  The lower level has a retro full kitchen with lots of flare and personality.  You also have a bonus room that is currently being used as a exercise room and an oversize utility room w/ sink, desk, & tons of storage.

Branson Home with Lower Level Full Kitchen

Table Rock Lake Home Entertainment Mecca

Branson area lake view home w/ acreage for sale

This home can be your haven here on Table Rock Lake, your options are endless and your dreams can become reality.

If your searching for a homes in the Branson area and need a Real Estate Professional to help you through the process, Call Sharol Nuckolls @ 417-593-2010 or search for Homes @ TableRockRealtyGroup.com or follow me on Facebook, YouTube, Pinterest, Instagram, Linkedin, Google+ & Twitter.

Sharol Nuckolls Welcome Video

Author:  Sharol Nuckolls

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