From the Desk of Don Draughn, Mortgage ProfessionalWebsite:  http://ahfmortgage.elliemae.net/ddraughnhttp://www.dondraughn.com/ According to a Press Release from the Greater Rochester Association of Realtors dated March 14, 2008, "The median sale price decreased by 4.8 percent to $110,000 compared to January 2008, and increased by 3.0 percent year-to-date."  This tells me a couple of things.  The Rochester Real Estate market is moving slowly this year.  The number of homes newly listed is down and the total sale volume is down compared to last year.The Rochester Real Estate market is growing compared to last year.  The Press Release for the same time last year shows the median sale price for February, 2007, was $99,000 compared to $110,000 for this year.  Even though the number of homes... 04/16/2008

From the Desk of Don Draughn, Mortgage ProfessionalWebsite:  http://ahfmortgage.elliemae.net/ddraughnhttp://www.dondraughn.com/GENERAL INFOProperty Type• ExistingSchool District• East Irondequoit CentralHigh School• Eastridge HighCounty• MonroeWater System• Public ConnectedSewer• Sewer ConnectedAcres• 0.17Lot Dimensions• 50x150Lot Info• Neighborhood StreetStyle• Colonial View Photo Gallery            Property Listed ByAmy Petrone Phone585-218-6850Emailamypetrone@remax.netMobile Phone585-737-5690PROPERTY DESCRIPTIONPC9019 Cute as a button!! Newer mechanics, loads of charm including built-in's, hardwoods, angled ceilings, you name it! Plus, a wonderful front porch with berber carpet and tons of windows. Partially finished basement adds additional sq. ft for possible media or rec room or h... 04/14/2008

From the Desk of Don Draughn, Mortgage ProfessionalWebsite:  http://ahfmortgage.elliemae.net/ddraughnhttp://www.dondraughn.com/ GENERAL INFOProperty Type• ExistingSchool District• Gananda CentralHigh School• GanandaCounty• WayneWater System• Public ConnectedSewer• Sewer ConnectedAcres• 2.00Lot Info• Neighborhood StreetStyle• Colonial View Photo Gallery            Property Listed ByAmy Petrone Phone585-218-6850Emailamypetrone@remax.netMobile Phone585-737-5690PROPERTY DESCRIPTIONPC9001 Fabulous colonial on 2-acre lot just over Penfield line with 2-story foyer, eat-in kitchen, w/b fireplace, neutral decor, new pergo in fam room, and master suite w/vaulted ceilings and skylight in master bath to envy! Tons of closet space throughout! This is a MUST-SEE! A '10'! Open Sun 4/27 2-4pm.Interior ... 04/14/2008

From the Desk of Don Draughn, Mortgage ProfessionalWebsite:  http://ahfmortgage.elliemae.net/ddraughnhttp://www.dondraughn.com/I think we can all agree that we are in a "buyer's market" right now.  I remember when my wife and I bought our first home back in the 1980s.  It was a "buyer's market" then as well and we got a very sweet deal.  A great home with lots of room that made us very happy for over 10 years.I have always looked at owning a home as a wonderful investment.  Our first home confirmed that fact for us as we walked away with a $22,000 profit on a home we bought for only $50,000.  Today, that home is on the market for $129,000.  That is a 158% increase in only 20 years.  Where can you get a better investment.Today, I came across an article that gave me even more confirmation... 04/11/2008

From the Desk of Don Draughn, Mortgage ProfessionalWebsite:  http://ahfmortgage.elliemae.net/ddraughnwww.dondraughn.com  Rates have improved a couple of times today.  That is a good thing for the market.  If you are considering purchasing a new home or refinancing your current mortgage now is the time.  These rates could go up again before you finish reading this post.  Give me a call today to get your FREE pre-approval.Key Rates - Last Updated on 04/09/2008Loan ProgramRate (%)Points (%)APR (%)Payment**30 Year Fixed 6.1250.0006.289$60815 Year Fixed 5.750.0006.02$83030 Year FHA/VA 5.8750.0006.226$58730 year fixed Home 97 5.6250.0005.783$57640 year fixed Home 97 5.750.0005.888$53330 Year NO PMI 6.8751.2507.065$657Don Draughn is a Professional Mortgage Consultant and a Sale Manager at Affo... 04/09/2008

From the Desk of Don Draughn, Mortgage ProfessionalWebsite:  http://ahfmortgage.elliemae.net/ddraughnIn Part One of this series, we looked at how important it is to Find Out What is on Your Credit Report.  Once you know what is there, you can either move to the next step - obtaining mortgage pre-approval or working on any credit issues that may keep you from obtaining pre-approval.  This is very important to your success in purchasing your new home in today's "credit crunch" climate.In Part Two, we discussed the importance of Obtaining Mortgage Pre-Approval before you start looking at homes you might want to purchase.  Without a Pre-Approval, you don't know how much home you can afford so you might wind up falling in love with a home that is out of your price range and wasting your time... 04/09/2008

From the Desk of Don Draughn, Mortgage ProfessionalWebsite:  http://ahfmortgage.elliemae.net/ddraughnIn Part One of this series, we looked at how important it is to Find Out What is on Your Credit Report.  Once you know what is there, you can either move to the next step - obtaining mortgage pre-approval or working on any credit issues that may keep you from obtaining pre-approval.  This is very important to your success in purchasing your new home in today's "credit crunch" climate.In Part Two, we discussed the importance of Obtaining Mortgage Pre-Approval before you start looking at homes you might want to purchase.  Without a Pre-Approval, you don't know how much home you can afford so you might wind up falling in love with a home that is out of your price range and wasting your time... 04/08/2008

From the Desk of Don Draughn, Mortgage ProfessionalWebsite:  http://ahfmortgage.elliemae.net/ddraughn GENERAL INFOProperty Type• ExistingSchool District• Pittsford CentralElementary School• Allen CreekMiddle School• Calkins RoadHigh School• SutherlandCounty• MonroeWater System• Public ConnectedSewer• Sewer ConnectedAcres• 0.25Lot Dimensions• 160x70Lot Info• Corner Lot• Near Bus Line• Neighborhood Street• Wooded LotStyle• Colonial View Photo Gallery          Property Listed ByAmy Petrone Phone585-218-6850Emailamypetrone@remax.netMobile Phone585-737-5690PROPERTY DESCRIPTIONPC9017 Fabulous Pittsford Colonial is located in the very desirable Oak Hill Neighborhood. Everything has been done here - updated EI kitchen and baths, partially finished basement, newer mechanics, great lot, too much ... 04/04/2008

From the Desk of Don Draughn, Mortgage ProfessionalWebsite:  http://ahfmortgage.elliemae.net/ddraughn GENERAL INFOProperty Type• ExistingSubdivision• Villas Logans RunSchool District• Greece CentralElementary School• Autumn/CraigMiddle School• ApolloHigh School• Athena/OlympiaCounty• MonroeWater System• Public ConnectedSewer• Sewer ConnectedAcres• 0.41Lot Dimensions• 21x219Lot Info• Neighborhood Street• Wooded LotStyle• Colonial• Contemporary View Photo Gallery            Property Listed ByAmy Petrone Phone585-218-6850Emailamypetrone@remax.netMobile Phone585-737-5690PROPERTY DESCRIPTIONPC9021 Fabulous 2001 built contemporary has over 2100 sf of great living space! HUGE yard and HUGE partially finished basement offer even more options. With 1st floor laundry, eat-in kitchen, w/b fireplac... 04/04/2008

From the Desk of Don Draughn, Mortgage ProfessionalWebsite:  http://ahfmortgage.elliemae.net/ddraughn We are on a roller coaster ride with interest rates.  Some better, some not.  If you are considering purchasing a new home or refinancing your current mortgage now is the time.  These rates could go up again before you finish reading this post.  Give me a call today to get your FREE pre-approval.Key Rates - Last Updated on 04/04/2008Loan ProgramRate (%)Points (%)APR (%)Payment**30 Year Fixed 6.3750.0006.558$62415 Year Fixed 5.8750.0006.169$83730 Year FHA/VA 5.8750.0006.226$58730 year fixed Home 97 5.6250.0005.783$57640 year fixed Home 97 5.750.0005.888$53330 Year NO PMI 6.8751.2507.065$657Don Draughn is a Professional Mortgage Consultant and a Sale Manager at Affordable Home Funding, In... 04/04/2008

From the Desk of Don Draughn, Mortgage ProfessionalWebsite:  http://ahfmortgage.elliemae.net/ddraughnIn Part One of this series, we looked at how important it is to Find Out What is on Your Credit Report.  Once you know what is there, you can either move to the next step - obtaining mortgage pre-approval or working on any credit issues that may keep you from obtaining pre-approval.  This is very important to your success in purchasing your new home in today's "credit crunch" climate.In Part Two, we discussed the importance of Obtaining Mortgage Pre-Approval before you start looking at homes you might want to purchase.  Without a Pre-Approval, you don't know how much home you can afford so you might wind up falling in love with a home that is out of your price range and wasting your time... 04/04/2008

Come on by Sunday afternoon, 1 to 4 pm, to see this very nice 2-family located in Rochester's Culver-Winton neighborhood. Lots of charm remains with gum-wood trim and hardwood floors. Both kitchens and baths have been recently remodeled and the attic has been finished. Newer roof, plumbing and electric! Gas and electric are on separate meters for each unit.Currently, both apartments are rented, with a monthly income of $1425, but the downstairs tenant has a month-to-month lease so this would make an awesome owner occupant home or investment property. Asking price: $99,500. For more details, click: www.RochestersBestHomes.com/808231I hope to see you on Sunday. 04/03/2008

The city of Rochester is once again putting on educational workshops for home buyers this Sunday, April 6, 2008 at East High School, 1801 E. Main St, from noon till 4 pm. Mortgage lenders, Realtors and city officials will all be on hand to answer questions about purchasing real estate in the city of Rochester.In addition, nearly 50 houses located in the Northeast quadrant will be open for touring during the hours of 1 till 4 pm. For a list of open houses, click here: Open House Report and to obtain details on any of these properties, go to http://www.rochestersbesthomes.com/. Maps showing the locations of many of the open houses can be picked up at East High School. 04/03/2008

From the Desk of Don Draughn, Mortgage ProfessionalWebsite:  http://ahfmortgage.elliemae.net/ddraughnIn Part One of this series, we looked at how important it is to Find Out What is on Your Credit Report.  Once you know what is there, you can either move to the next step - obtaining mortgage pre-approval or working on any credit issues that may keep you from obtaining pre-approval.  This is very important to your success in purchasing your new home in today's "credit crunch" climate.In Part Two, we discussed the importance of Obtaining Mortgage Pre-Approval before you start looking at homes you might want to purchase.  Without a Pre-Approval, you don't know how much home you can afford so you might wind up falling in love with a home that is out of your price range and wasting your time... 04/03/2008

From the Desk of Don Draughn, Mortgage ProfessionalWebsite:  http://ahfmortgage.elliemae.net/ddraughn Rates drifted upward today due to the 10 YR Treasury yield at 3.52%.  If you are considering purchasing a new home or refinancing your current mortgage now is the time.  These rates could go up again before you finish reading this post.  Give me a call today to get your FREE pre-approval.Key Rates - Last Updated on 04/01/2008Loan ProgramRate (%)Points (%)APR (%)Payment**30 Year Fixed 6.1250.0006.263$60815 Year Fixed 5.750.0005.975$83030 Year FHA/VA 6.000.0006.609$59530 year fixed Home 97 5.750.0005.975$58440 year fixed Home 97 5.8750.0005.933$54230 Year NO PMI 6.3751.2506.598$624Don Draughn is a Professional Mortgage Consultant and a Sale Manager at Affordable Home Funding, Inc. located... 04/01/2008

 I THINK THIS IS A GREAT PROGRAM . I FOUND THIS PRESS RELEASE AND WANTED TO SHARE WITH YOU. I'M SURE MOST OF YOU HAVE SEEN IT, BUT FOR THOSE WHO HAVEN'T THIS IS GOOD NEWS FOR THE CITY.James BowenMoneyline New York, LLC.www.getmortgagenow.net Back to University News March 28, 2008Contact: Sharon Dickmansdickman@rochester.edu585.275.4128All Releases       Up to $9,000 Available for Each Purchase, Advice for First-Time HomebuyersFinancial incentives to attract University of Rochester regular full-time and part-time faculty and staff into city neighborhoods closest to the River Campus and the Medical Center begin this month with a new arrangement among the University, the City of Rochester, Advantage Federal Credit Union, and Canandaigua National Bank & Trust."We're offering $3,000 with a c... 04/01/2008

From the Desk of Don Draughn, Mortgage ProfessionalWebsite:  http://ahfmortgage.elliemae.net/ddraughnIn Part One of this series, we looked at how important it is to Find Out What is on Your Credit Report.  Once you know what is there, you can either move to the next step - obtaining mortgage pre-approval or working on any credit issues that may keep you from obtaining pre-approval.  This is very important to your success in purchasing your new home in today's "credit crunch" climate.In Part Two, we discussed the importance of Obtaining Mortgage Pre-Approval before you start looking at homes you might want to purchase.  Without a Pre-Approval, you don't know how much home you can afford so you might wind up falling in love with a home that is out of your price range and wasting your time... 04/01/2008

From the Desk of Don Draughn, Mortgage ProfessionalWebsite:  http://ahfmortgage.elliemae.net/ddraughnIn Part One of this series, we looked at how important it is to Find Out What is on Your Credit Report.  Once you know what is there, you can either move to the next step - obtaining mortgage pre-approval or working on any credit issues that may keep you from obtaining pre-approval.  This is very important to your success in purchasing your new home in today's "credit crunch" climate.In Part Two, we discussed the importance of Obtaining Mortgage Pre-Approval before you start looking at homes you might want to purchase.  Without a Pre-Approval, you don't know how much home you can afford so you might wind up falling in love with a home that is out of your price range and wasting your time... 03/28/2008

From the Desk of Don Draughn, Mortgage ProfessionalWebsite:  http://ahfmortgage.elliemae.net/ddraughn In Part One of this series, we looked at how important it is to Find Out What is on Your Credit Report.  Once you know what is there, you can either move to the next step - obtaining mortgage pre-approval or working on any credit issues that may keep you from obtaining pre-approval.  This is very important to your success in purchasing your new home in today's "credit crunch" climate.In this segment, we are going to look at the next step you should take once you know what is on your credit report and you have corrected any issues of derogatory items.  That next step is:Obtain Mortgage Pre-ApprovalMortgage Pre-Approval is a term that is sometimes confused with Pre-Qualification.  The two... 03/27/2008

From the Desk of Don Draughn, Mortgage ProfessionalWebsite:  http://ahfmortgage.elliemae.net/ddraughnAlright, you've decided you want to purchase your first home and you find yourself asking this question, "Where do I go from here?"  This post is Part One of an eight part series to give you the direction you need to get on the right path to home ownership.  There are many steps that you have to take to get to the closing table to purchase your first home.  I have listed them below and plan to deal with each one in a seperate post.  They are:Find out what is on your credit report.  (The main subject of today's post.)Obtain mortgage preapproval.Select a Buyer's Agent.View home that fit your pre-approval.Make an offer on your new home.Submit your mortgage application.Take your final walk t... 03/26/2008