News Press Stillwater
REALESTATE W e e k ly
February 16, 2018
92
The percentage of the markets measured by NAR that saw an uptick in single-family home prices in 4th quarter of 2017.
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Stillwater NewsPress • Friday, February 16, 2018
Cost-plus deal typically benefits contractor, not homeowner It’s usually better for a homeowner who wants to remodel to sign a fixed-price contract with the company that will do the work, rather than a cost-plus deal, which gives the contractor more leeway to raise the bill. DEAR MR. MYERS: We are planning to remodel our home, and the contractor we like best says we should agree to a costplus contract that would call for us to pay for the contractor’s building costs and then allow him to tack on an extra amount at the end of the project for his profit and overhead. We have done several remodeling projects before, but have always signed a contract based on a fixedprice for the jobs. How do cost-plus deals work? Are they good for the homeowners, or do they benefit the contractor? ANSWER: Cost-
gambling that their job will come below a contractor’s costplus proposal. *** DEAR MR. MYERS: The bank that financed my home and issued my primary credit cost-plus contracts. card recently The worst is proba- failed and was bly the “cost plus a then purchased percentage of cost” by another bank. deal, which requires The new bank the owner to pay an has now sent me even higher fee if a letter stating expenses are more that the rate on than expected. If my credit card is you sign such a going up. Is this contract, there’s legal? Also, does no reason for an this mean that unscrupulous conthe new bank tractor to keep his also can raise the prices under conrate on my fixedtrol: The more he rate mortgage? charges for labor and material, the more profit he will make. Most people who are remodeling a home or building a new one would probably be better off choosing a fixedprice contract that they know they can afford instead of
About Real Estate DAVID MYERS plus contracts usually work in favor of the builder or remodeling contractor, rather than the property owner. Under a typical cost-plus deal, the contractor (rightfully) gets paid for the materials needed to perform the job, but also gets to negotiate his profit margin. This can save the homeowner money if the contractor keeps costs under control and accepts a modest profit margin, but can prove disastrous for the owner if, say, the cost of lumber or even tile for the job suddenly goes up. There are actually several types of
ANSWER: Federal law allows all banks to raise the rate on credit cards, provided that the issuer gives its customers at least a 45-day notice. So, the rate hike on your card is perfectly legal. The good news is that federal banking laws also prohibit the new bank from making any major changes to your home loan. It cannot change the terms or payments on your fixed-rate mortgage, although it will be allowed to change the address to which your monthly checks must be mailed.
*** DEAR MR. MYERS: We are confused about some comments you recently made about living trusts and how they can save money. If my husband and I create the type of inexpensive trust that you recently wrote about, would we be the “trustees” or the “beneficiaries”? ANSWER: You and your spouse would be the trustees. Your beneficiaries would be the people or group that you want to inherit the property after you die.
Although most folks name their children or other relatives as their beneficiaries, others choose to leave their assets to a church, college or other nonprofit organization. Regardless of which beneficiary (or multiple beneficiaries) you choose, forming an inexpensive trust now could help to ensure that your heirs will not have to go through the costly and time-consuming probate process, which can gobble up much of an estate left by those who die with a common will.
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1001 E. 11th - Cushing 3 Beds / 2 Baths
Beverly Carter Beverly Carter 405.743.9618 405.743.9618
Sandy Blankinship Sandy Blankinship 405.269.9523 405.269.9523
Mike Branson Mike Branson 405.612.5347 405.612.5347
Tana Rutan Tana Rutan 405.612.1496 405.612.1496
Alane LeGrand Alane LeGrand 405.747.6950 405.747.6950
Judy Kasso Judy Kasso 801.824.8166 801.824.8166
Virginia Cussner Virginia Cussner 405.747.7601 405.747.7601
Diana Field Diana Field 405.747.4684 405.747.4684
Oscar Fortune Oscar Fortune 405.747.6042 405.747.6042
Jeff Grizzle Jeff Grizzle 405.714.4037 405.714.4037
David Heppel David Heppel 405.269.6907 405.269.6907
Rosetta Heppel Rosetta Heppel 405.880.0869 405.880.0869
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Increasing the odds for successful weed control Home Grown KEITH REED plant to be growing. (Even if it is a very slow growth). If you will be making a winter weed control application this year, I suggest one thorough irrigation a few days before you plan to spray to make sure these weeds are growing well enough to take up the herbicide. The other issue, and one that can really cause grief during late summer, is the premature breakdown of crabgrass preemergent herbicide. This may sound a little odd so perhaps it might be helpful to have a basic review of how these products work. Preemergent herbicides, by definition, must be applied and activated before the target weeds germinate. The key word here is activated.
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Ordinary spring rains usually take care of this for us. These products
having your lawn treated by a professional service, be sure and ask them how long you can wait before needing to water it in. After having said all that, let’s hope none of this information will be needed this spring!
other horticultural topic, you can contact Keith Reed, the Horticulturist in the Payne County Extension office. Keith can be reached via email at keith.reed@ okstate.edu, phone at 405-747-8320, or in person at the Payne County Extension office, locatFor more informa- ed at 315 W. 6th in Stillwater. tion on this or any
Tiffany Aranda GRI, CRS Realtor Associate 405-714-1214
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405-372-5151 Downtown Office - 723 S. Main Street
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Donna Rhinehart GRI, CRS Realtor Associate 405-612-0509
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Lori Kastl CRS Realtor Associate 405-880-2844
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NEW LISTINGS 414 E Copper Canyon - 3bdrm/2 bath/2 car garage/1863 sq ft-$239,500-Ann 3120 W. 31st Ct. - 4 bdrm/2 bath/1960 sq ft/SW Area-$185,000-Tiffany Lots in Shumard Garden Homes - 27,000-$37,500-Donna 414 E Copper Canyon - NICE 3 bdrm 2 bath 1863 sq ft-$239,500-Ann 1716 N Benjamin - FIXER UPPER...Close to Shopping/Restaurants/3 bdrm-$98,000-Tiffany 2116 S. 22nd Ct. - SW Area/4bdrm/Over 1900 sq ft-$198,000-Tiffany 3321 Bristol Road - Beautiful 4 bdrm Home in SW Area-$325,000-Tiffany 3705 S Scissortail Dr. - LUXURY in Woodland Trails/Space Galore 4140 sq ft-$497,000-Tiffany 9319 S. Brush Creek Rd.-5 acres with an option for 16-$45,000-Jack 1314 S. Chester- 2 bed 2 bath REMODELED-$87,000-Jack 4724 W Country Club Dr.-NEW CONSTRUCTION 4 bed 3 bath-$330,000-Donna 809 Tony, Perkins-Corner Lot 3 bed 2 bath 1702 sq ft-$166,900-Lori 3202 S Perry Rd. - 20 acres in Mulhull School Dist.-$60,000-Lori 3504 N. Ramsey - Dome Home 4 bed 3 bath 2 car garage 2643 sq ft-$165,000-Tiffany 10218 Brenna Dr. - NEW CONSTRUCTION 4 bed 2 bath 1969 sq ft 2.5 acres-$285,505-Donna 10312 Brenna Dr. - NEW CONSTRUCTION 4 bed 2 bath 2 car garage 1848 sq ft-$267,960-Donna 6817 E 6th - COMMERCIAL PROPERTY Highway frontage-$138,000-Tiffany 1003 N Cimarron Hill - 4 bed 3 bath 2 car garage With a shop!-$355,000-Amy 3200 S. Perry Rd. - 20 Acres in Mulhall School District-$60,000-Lori 1622 Fiddlers Hill - JUST LIKE NEW-$446,000-Tiffany 5324 W. Country Club Dr. - UPDATED 4 bedroom 5 bath 1.5 story with pool $432,000 - Tiffany PRICE REDUCTION
Kyle Bottger Realtor Associate 405-612-6724
Melissa Woods GRI Realtor Associate 405-385-2035
Amy Parsons Realtor Associate 405-714-0882
Ann Morgan Realtor Associate 405-614-9600
925 S. Springdale Dr. - MOVE IN READY 2 bed 2 bath-$219,000-Donna OPEN HOUSES SUNDAY, FEBRUARY 18, 2018
News Press Cheryl Moody Closing Coordinator 405-372-5151
3705 S. Scissortail - $497,000 - Tiffany - 1-2:30 p.m. 1003 N. Cimarron Hill - $355,000 - Amy - 1-3 p.m. 414 E. Copper Canyon - $239,500 - Ann -1-3 p.m. 1314 S Chester-$87,000-Jack 1-3 pm
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true for both granular products, and sprayable liquids. There are many crabgrass control products on the market and they can vary greatly on the length of time they can remain on the soil surface before being irrigated. The label should provide this information. If you are
Dolores Lemon CRS, CRB, GRI Broker/Owner 405-747-7822
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are designed to create a thin layer of protection right on the soil surface that kills the weed seeds as they try to germinate. This layer relies on irrigation or rainfall to wash the herbicide off the surface and onto the soil where it spreads evenly across the soil surface. This holds
Stillwater NewsPress • Friday, February 16, 2018
It is anyone’s guess what this spring and summer is going to look like, but based on where we stand right now and what the shortrange forecast models are showing, it looks like we may have a very dry spring ahead of us. Drought conditions can have an adverse effect on herbicide control activity in at least two ways. First we will talk about the winter annual weeds such as chickweed, henbit and annual bluegrass that have already come up and are waiting patiently for the weather to warm. These are the weeds that give so many people spring mowing headaches. Ordinarily, these weeds can be easily controlled in February and March with the proper application of herbicide. However, these herbicides depend on some uptake and movement of the product through the plant to be effective. For this to happen, there needs to be enough moisture present for the
The dead pledge: Mortgage protection throughout history Anyone who has ever closed on a mortgage may tell you it feels like you are signing your life away as you pen your signature on what seems like an endless stack of paperwork, but all that paperwork is for good reason, to protect you and the lender. Three important documents you will sign at closing: Closing Disclosure, an itemized list of closing costs, so there are no hidden fees. Mortgage, a document that pledges the property as security for the loan. The Note, or
of spoken pledges. The term mortgage came into being around the 13-century, appearing in Old French texts. The word combines “mort” from Latin, meaning dead, and “gage” which means a pledge, more so dates back to ancient a pledge to forfeit Promissory Note, which is the borrow- civilization. The something of value if earliest known Law a debt is not repaid. er’s “IOU” to repay Code of Manu from the mortgage and Mortgage literally ancient India, circa outlines the legal means dead pledge. 500 B.C., lists laws contract between Hold on. The borrower and lender. to protect borrowers death by definition from deceptive and These documents does not actually fraudulent mortgage refer to a person’s protect not only practices. the lender from physical death, but A little history borrower default of rather the end of lesson: payment, but also the debt at which Before ink and protect the borrowtime the pledge was paper, promises for er from dishonest considered dead. property were often mortgage practices. The pledge was dead Borrower protection agreed upon by way once the debt was
Mortgage Matters
KENNETH WOHL
paid in full. Also, if the borrower didn’t fulfill the payment agreement, the property would become dead to the borrower. Whew. Almost all debts today do have collateral (valued object) attached to them for the lender to receive repayment if the borrower fails to pay the promised amount. The word mortgage though, describes liens where the collateral is a dwelling. That is why all other liens, like on a car or boat, are not considered a mortgage. When you are at closing signing all the paperwork,
Cooking up a plan to save water in the kitchen By Ed Del Grande
Stillwater NewsPress • Friday, February 16, 2018
Tribune News Service
Q: Dear Ed: My proposed kitchen remodel will include new appliances, countertops, sink and faucet. Since I plan to use efficient appliances, I also want an efficient kitchen faucet. Can you please go over some water-saving kitchen faucet information for me to
think about? – Sasha, Mississippi A: In past years, water-saving kitchen faucets have not received as much attention as water-saving bathroom faucets. The thinking was in the kitchen a lot of the water use was to fill things like pots for cooking and cups for drinking. What difference would it make if the faucet
used less gallons per minute (gpm), since the end goal was to fill up the pot or cup? However, even with a dishwasher, pots, pans, cups and dishes do get washed in the sink as well.
So, since every drop counts, there is a new push to start installing water-saving kitchen faucets. Usually an efficient kitchen faucet uses less than 1.9 gpm. But, don’t be a drip,
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CALL US TO SELL YOURS! 703 Jackson, Perry, OK Beautiful Craftsman Style Home on two lots located in Perry, Oklahoma. Built in 1920, this historic two story home features 3 bedrooms, 1.5 baths, $133,900 2,484 sq. ft. of living space,–unfinished basement $170,000 – SOLD SOLD with pantry and laundry areas, central HVAC and hardwood floors. NEW PRICE $149,900
Personalized Service Personalized Service CALLCALLProfessional Results! ! Professional Results! W O ! N W NO Larry Souders
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Tommie Eberle Broker/Realtor®, GRI Broker/Realtor®, GRI 405-714-2687 405-714-2687
4823 Loper Ave - $485,000
1704 Timber Ridge Trails - Cushing
This four bedroom and 3 bathroom home has it all! In ground pool with slide, pool house, media room, exercise room, gourmet kitchen, formal dining room, second living area, storm shelter, security system, Kirtz shutters and even an elevator! Custom Home built by Gibbs construction in secluded, sought after neighborhood near the golf course. On suite with huge closet, jetted tub and separate tile shower. French doors from master bedroom to pool. Crown molding, wood-burning fireplace with gas starter. Terrific storage throughout. Hickory wood floors with tile pattern accent. Kitchen has gas 4 burner cook-top in the island, granite counter-tops, stainless steel appliances and Butlers pantry. Large eat in breakfast area. See more of this home at www.WeLoveSellingStillwater.com
$190,000
3 Beds | 2 Baths | 2 Car Garage
Fisher Provence, REALTORS®
VIRGINIA CUSSNER 911 S. MAIN ST. (405) 332-5553 kwstillwaterok.com
your individual qualifications, the more satisfying your home buying experience will be. I am here to help, even if you are not an RCB Bank customer. Feel free to call me, Kenneth Wohl, at 405-608-5291 or email kwohl@bankrcb.net.
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check local codes and choose an approved water-saving kitchen faucet for your area.
remember, this is far better protection than our ancient ancestor’s verbal dead pledges. When you decide to buy or refinance a home, first talk to a local lender. The more knowledge you have about the mortgage process, available loan options and
Sales Associate 405-747-7601
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Page Provence, CRS Broker Associate (405) 612-0194
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How much house can I afford? less of my monthly take-home pay? Can I afford to take out a 15-year fixed-rate mortgage? Can I afford ongoing maintenance and utilities for this home? If you answered no to any of the above questions, now may not be the right time to buy a home. Just married? Wait at least a year before buying a home, even if your finances are in order. Don’t add the stress of a home purchase to a brand-new marriage, and never buy real estate with your significant other unless you’re actually married! Step 2: Get the right real estate agent Your search for homes may start online, but it shouldn’t end there. You can do a lot of research
on your own, but you need the help of an expert when it comes to finding and securing your perfect home. A buyer’s agent can help you navigate through the home-buying process. In some cases, they may even be able to help you find a house before it hits the market, giving you a competitive edge. When it comes to making an offer, your agent will negotiate on your behalf so that you don’t pay a penny more than necessary. Step 3: Maximize your down payment The more cash you put down, the less money you’ll need to finance. That means lower mortgage payments each month and a faster timeline to pay off your home loan! A down payment of 20 percent will
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keep you from having to pay private mortgage insurance (PMI). PMI protects the mortgage company in the event you don’t make your payments, and they have to foreclose on you. It usually costs about 1 percent of the total loan value, and that cost is added to your monthly payment. Step 4: Get pre-approved for a mortgage Getting pre-approved takes a little more work, because a lender will need to verify your financial information and submit your loan for preliminary under-
writing. Although it takes some extra time to get preapproved, it pays off when you begin your home search since a preapproval letter shows that you’re a serious buyer. Remember, bad financing can turn your biggest asset into a liability. We recommend always getting a 15-year, fixed-rate conventional loan with monthly payments that are no more than 25 percent of your take home pay. Step 5: Calculate the costs You can figure out how to buy a home that won’t bust your budget by
®
Shanna Grunewald of
NextHome Heartland Realty
Shanna Grunewald GRI, Realtor 907-854-0203
COMMUNITY ESCROW & TITLE CO. 3 Bed / 2 Bath / 2 Car Garage $249,900 Located in Woodlake Villas.
Rhonda Plake Broker, CRS, GRI 405-385-2478
NEW LISTING - 33 Yellow Brick Dr - 4 bed/2.5 bath/ 3 car garage in the SW. Built by Ron Walker. House sits on just under 1 acre lot. Large open living room, dining room, family room. 2 gas fireplaces - family room and master bedroom. Spacious kitchen with storage, 5 burner stovetop, and subzero refrigerator. Large master with huge walk-in closet. Security system, sprinkler system and safe room ...$485,950
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IServing nsurance and real estate Stillwater Since 1950 BARBARA HOUCK BROKER/OWNER
BARBARA HOUCK - REALTOR® - 747-8804 KENT HOUCK - REALTOR® - 372-7060 JOHN GAGE - REALTOR® - 612-6068
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$1,250 a month, including taxes and insurance. Also, remember to factor in home ownership costs and moving expenses. The Final Step Talk with a professional real estate agent about your financial goals for help in finding a home that fits your budget. A good agent with the heart of a teacher will understand how important it is to help you find a home you can afford – and that means one that won’t bust your budget! Courtesy DaveRamsey.com.
NEW LISTING - 1901 N. Glenwood Dr - 3 bed/2 bath/2 car garage/ sunroom on a large shady lot in the northeast area. Open living and dining area. Close to high school and Boomer Lake ..........$184,900
405-385-2478
5810 W. Villas Court
crunching a few numbers. Once you know how much you can realistically spend on a new home, make sure you and your spouse are on the same page about your budget and what you can actually pay. Add up all income you bring home each month, then multiply your monthly take-home pay by 25 percent to get your maximum mortgage payment. If you bring home $5,000 a month, that means your house payment should be no more than
Stillwater NewsPress • Friday, February 16, 2018
Buying a home can be lots of fun. It’s exciting to see all those years of dreaming come to life in a place you can finally call your own. With so many possibilities at your fingertips, it’s easy to get caught up in the excitement before asking yourself the most important question of all: How much house can I afford? It doesn’t matter if the kitchen is fabulous or the backyard is big. If you can’t pay the mortgage each month, or find the cash to fix what’s broken, your home will never be a blessing. Step 1: Start with a solid foundation Before trying to find out how much house you can afford, determine if you’re financially ready to buy a home by asking yourself these questions: Am I debt-free with three to six months of expenses in an emergency fund? Can I make at least a 10 percent (preferably 20 percent) down payment? Do I have enough cash to cover closing costs and moving expenses? Is the house payment 25 percent or
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Stillwater NewsPress • Friday, February 16, 2018
Homes
309 E. Marie Dr. 4 BR/2 BA UPDATED 2045 s.f. Parkview Estates Walk to Richmond or Stillwater Christian School For Sale by Owner $195,000. Owner/Licensee Call (405) 714-0771
PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act, which makes it illegal to advertise “any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status or national origin, or intention to make any such preference, limitation or discrimination.”
This newspaper will not knowingly accept any advertising for real estate which is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.
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11920 S Sangre Rd Single Family, Single family 3 bedroom, 1 bath house west of Perkins on 1.5 acres. Cellar, several outbuildings, garden area, and chicken lot. Perkins school district. $950 per month. 1 month deposit. 950/month, 11920 S Sangre Rd Call (405) 612-2716
First Month Free! Beautiful, huge 3 & 4 bedroom duplexes available 405-707-7277 www.cowboyproperty.com
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Highpoint Apartments walking distance to Boomer Lake. 2 bedroom.1 bath. Open Spacious lay out! Great bedrooms and big closets! Ample parking. $510.00 per month. $300.00 deposit. Call today. Henneberry Properties 405-743-4266
Manufactured Homes
For sale owner finance 2 bedroom 2 bath, 97 mobile home located on 1 acre, 7-9 miles west of Stillwater located 1/2 mile west of Coyle road south side of road mobile 12619 W. 51 Hwy. $450 down $450 month. Needs a little work. Call 405-747-4180. Lot for Rent! Valley Acres Mobile Home Park 2800 West Lakeview $240/month. 2006 or newer and in good condition 405-372-5532
Oak Park Village 2903 Duplexes N. Perkins Rd. 2 bedroom 1 bath University Estates apartments only 1903 State Lane $540.00 per month, 2BD/1.5BA 2CG. $300.00 deposit. Fenced, ref. Swimming Pool and required. Laundry on site. Call $750MO. Henneberry Properties 405-372-8051. 405-743-4266
Lenders who prey on veterans hurt other home buyers as well ers and refinancers. ate past president of chase loans in fiscal it has notified a small `Michael R. Bright, Ginnie Mae. “People 2017, you can begin group of lenders who executive vice presidon’t realize this to grasp how many allegedly have been dent and chief operaffects all borrowers borrowers may have abusing veterans ating officer of Ginnie who are getting a been overcharged on refinancings that THE RE/MAX SIGNATURE EXPERIENCE Mae, estimated in an [government-backed] on their mortgage they face potential Dedicated professionals providing unrivaled service. interview last week home loan.” Given interest. exclusion from Ginthat the abuses in the fact that FHA What’s being done nie’s principal bond to end this scandal? program if they don’t KENNETH R. HARNEY VA refinancings have alone insured caused interest rates 882,000 new sinLast week, Ginnie stop what they’ve on FHA, VA and gle-family-home pur- Mae announced that been doing. atory refinancings, loans into mortgage rural housing recentand some have found bonds, and provides ly to be one-quarter themselves left with a federal guarantee THE RE/MAX SIGNATURE EXPERIENCE little or no equity in of timely payments to of a percent to oneDedicated professionals providing unrivaled service. half of a percent their homes. Officials investors. RE/MAX SIGNATURE 114 W. HALL OF FAME, STILLWATER, OK 74075 405.533.3000 | StillwaterSignatureRealEstate.com higher. estimate that anyThe inevitable What does that where from 12,000 result of the VA lendmean in dollar terms Candy 22 Yundt to 20,000 veterans ers’ predatory activBrooks Thomas SUN. JAN. Gina Killough OPEN HOUSE CandysHomes.com BrooksThomasRealty.com GinaKilloughHomes.com to applicants? Steve have been affected ities is an unusually 1-3 Beth 405.742.4525 405.880.3476 405.612.2210 2618 Lyndsey Ct. Stamets, senior loan by these marketing high number of refi6209 W. Canterbury 1-2:30 Tina officer for The Morttactics during recent nancings within the 5716 W. 9th Court • 1-2 pm ~ Julie 1124 Stoneridge Dr. 12-1:30 Julie years. pools, which disrupts gage Link Inc. in Julie Bahl Ted Newlin Kasey Longan StillwaterHomeTeam.com TedNewlin.Realtor.com www.propertyjustforyou.com 2709 W. 22nd Ave • 2:30-3:30 405.762.3744 pm ~ Julie Rockville, Maryland, All this may sound the expected long405.714.5309 405.880.5569 told me that on a horrible, but it gets term payment flows 4820 S. Wild Turkey Pass • 1-3 pm ~ Beth worse: Abuses in the to investors. That, in $300,000 FHA loan, Cheryl Tina Darr VA mortgage-lending turn, prompts inves- a half a percentage Amanda Meberg Carpenter Martin Stillyhomes.com admeberg@gmail.com point rate increase CherylCarpenterMartinHomes.com arena have spilled tors to lower what 405.697.0045 405.612.2096 405.880.7354 could add more than over onto borrowers they’ll pay for the $1,000 a year to a in the much larger bonds, and has the home buyer’s payVicky Jerome FHA market, which side effect of raising Beth Peterson 2020 E Kelsey Lane VickyJeromeHomes.com BethPetersonHomes.com primarily serves first- lenders’ interest-rate ments. Delphine Heppel - 1-3 p.m. 405.747.7239 405.880.4370 “It’s heinous,” said time home purchasquotes to VA, FHA ers and others who and rural home buy- Ted Tozer, immedilack significant cash for a down payment. OPEN SUNDAY 1-3 PM 3004 W Wellington The linkage is via Paulette Kraybill - 1-3 p.m. Each office independently owned and operated. a little-publicized but exceptionally important agency, the Government 3016 W Wellington National Mortgage Paulette Kraybill - 1-3 p.m. Association or Ginnie Mae. Ginnie connects individual home buyers and refinanc1911 E. Wedgewood ers using federal 3806 W. Eagle Creek $235,000 mortgage programs Connie Stokes - 1-3 p.m. with deep-pocket 3 Beds | 2 Baths | 3 Car Garage investors around the world. Ginnie pools DAVID HEPPEL Realtor 520 S. Knoblock St | 405-372-8326 VA, FHA and U.S. 405.269.6907 405.624.2626 www.teamstillwater.com Department of Agriwww.c21global.com culture rural housing 131 N. MaiN, Stillwater
The Nation’s Housing Column
RE/MAX SIGNATURE 114 W. HALL OF FAME, STILLWATER, OK 74075 405.533.3000 | StillwaterSignatureRealEstate.com
Gina Killough
GinaKilloughHomes.com 405.612.2210
Ted Newlin
TedNewlin.Realtor.com 405.714.5309
Tina Darr
Cheryl Carpenter Martin
CherylCarpenterMartinHomes.com 405.880.7354
Vicky Jerome
VickyJeromeHomes.com 405.747.7239
Candy Yundt
Stillyhomes.com 405.697.0045
CandysHomes.com 405.742.4525
Brooks Thomas
BrooksThomasRealty.com 405.880.3476
Julie Bahl
StillwaterHomeTeam.com 405.762.3744
Amanda Meberg
Kasey Longan
admeberg@gmail.com 405.612.2096
RealtorMomPro.com 405.880.5569
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Beth Peterson
BethPetersonHomes.com 405.880.4370
SUNDAY, FEBRUARY 18
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Stillwater NewsPress • Friday, February 16, 2018
A7
WASHINGTON – Could predatory lending practices affecting veterans also be inflating interest rates paid by thousands of unsuspecting home buyers using FHA loans? The answer appears to be yes – and the underlying abuses in home loans to veterans are prompting action by federal authorities and legislation on Capitol Hill. Here’s what’s happening: According to officials, some lenders active in the Department of Veterans Affairs (VA) home-mortgage program have been inducing borrowers to refinance their loans frequently in order to generate fat fees for the lenders themselves, rather than benefiting veterans with lower costs or better loan terms. The lenders use baiting tactics reminiscent of the housing-boom era – “teaser rates,” promises of zero payments for one or two months, refunds of escrows, switches from longterm fixed rates to short-term floating rates, and a grab-bag of bogus claims about saving money. In fact, many veterans have ended up paying more for their loans after the pred-
Yost Rd.
Yost Rd.
To Cimarron Turnpike
OPEN HOUSEMap
McMurtry Rd.
Hartford
Evergreen
Dr.
rie
mC t.
Perkins Rd.
Jardot Rd. Marine Rd. Burdick St. Manning St. Briarwood St.
Katy
Hightower St.
Henderson St.
S. Westchester St.
Denver Ct. Denver St.
Jardot Rd.
Wedgewood Ct. Wedgewood Dr.
Skyline Ln.
Cedar Ct.
ak
Timbercrest Dr.
Pinewood Cr.
Av.
51
Mockingbird Ln. Collins Ct. Colby Lance
3rd Av. 4th Av.
Villa Dr.
Drury Ln. Oakwood Dr.
9th Av.
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Payne St.
7th Av.
2nd Av. 4th Av. 5th Av.
Crestwood Cr.
Jardot Rd.
4th Av.
Raintree Av.
Eastgate St.
Pos
Timbercrest Cr.
4th Av.
Payne St.
Blair St.
Dr.
Cottonwood Dr.
Crestwood Dr. Crestwood Ct.
tO
Blair St. Payne St.
Eastern Av.
Young St.
4
Matthews Av. Virginia Av.
Denver St. St.
Grandview St.
Stallard St.
Hall St.
Leigh St.
Burdick St.
James Ct.
3rd Av. 4th Av.
Peach Tree Av. Stonegate Av.
Jardot Rd. 16th Av.
Payne St.
Dr.
Ransom Dr.
ott
Aetna St.
Springfield St.
Alc
Pennsylvania St.
Hartford St.
5
Birchwood Ct.
Ct. Wedgewood
Wedgewood Dr.
Stallard St.
Manning St.
Donaldson St.
Hartford St. Dryden St. Benjamin St. Burdick St. Burdick St. Berry St. Arrington St. Marshall St. Doty St. Blair St. Grandview St.
Hartford St.
Lowry St.
Chester St.
Fern St.
Lowry St.
Chester St. Fern St.
Pl.
Young St.
Skyline St.
Canyon Rim Dr.
Skyline St.
Briarwood Dr.
ok
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nn y Ct bro . ok
Su
Dryden St.
Burdick St.
Perkins Rd.
Grandview Ct. Grandview St.
Manning St.
Dr .
Manning St.
Berry Ct. Arrington Ct. Arrington Dr.
Hartford St. Dryden St. Redbud Ct.
Benjamin St.
yb
Park Dr. Lowry St.
Lewis St. Lewis St.
Husband Pl.
17th Av. 18th Av.
Payne St.
Dryden St.
Hartford St.
Benjamin St.
Park
Pa rk Sta Dr. rD r.
Star St.
Lewis St.
Hoke St. Husband St.
Masin St.
Husband St.
Main St.
Duncan St.
West Bl.
Duck St.
West St.
Knoblock St.
Hester St.
Washington St.
Ramsey St.
Walnut St.
15th Av.
Ct.
son
Connell Ct. Connell Av.
12th Av.
13th Av. 13th Pl. 14th Av. 16th Av.
McElroy Rd.
Karr Ct.
er ightow
Park Dr.
Star Dr. Dr. Park Cr.
Keller Dr.
Husband St. r. dD an sb
Crescent Dr. Glenwo od Dr.
Husband St.
Main St.
Duncan St.
West St. Duck St. West St. Duck St.
West St.
Knoblock St.
Hester St.
Ramsey St.
Monroe St. Jefferson St.
Adams St.
Stanley St.
Pine St.
Blakely St. Teal St.
Bluestone St.
22nd Av.
Lydia Ln. 17th Av.
19th Av.
19th Av.
22nd Av.
177
24th Av.
25th Av.
29th Av.
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t. Lew
31st Av. 32nd Av.
Main St.
33rd Av.
Lowry St.
35th Av.
Lowry St.
30th Av.
37th Av.
32nd Av.
34th Av.
35th Av.
Fern St.
Knoblock St.
Cambridge Dr.
Mar Vista St. 28th Av.
Main St.
26th Av.
26th Av.
Husband St.
Willis St.
Silverdale
Wil lia
Pa rk Gr vie ee w C nv r. ale Cr Da . vis Ct. Ma
Knoblock St. Hu
Ramsey St.
Hester St. Knoblock St. Knoblock St.
Washington St. Bellis St.
Hester St.
n St. Monroe St. Jefferson St.
Lincol
Crescent Dr.
Ramsey St.
Ramsey St.
Lincoln St.
Clevelan
Kerr St.
Walnut St. Melrose Dr. Pine St. Redwood St. Gray St. Cleveland St. Stanley St. Garfield St. Gray St.
Orchard St.
McDonald St.
Walnut St.
Western Rd.
t Dr.
Summ erlin Ct. Bridlew ood
Augus
Legendary Ln.
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11
Whitney Ct.
21st Av.
West St.
Murray Ct.
Black Oak Dr.
Duncan St.
Garfield St. Cleveland St.
d St.
McFarland St. . Kings St
Kings St. Orchard St.
Willis St. Willis St. Willis St.
McFarland St. Kings St.
Western Rd.
Dr. Ridge Dr. Ridge Dr.
Ridge Dr. Rid ge
Devon St. Wicklow St. Ln.
Celia
August Dr.
Surrey Dr.
Dr . in
Pioneer St. Quail Ridge Dr. 28th C t.
24th Av.
12th Av.
. Rd
Eagle Summit
21st Av. 23rd Av.
11th Av.
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8th Av.
8th Av.
9th Av. 10th Av.
Redbud Dr.
7th
7th Av.
8th Av.
Sunrise Av.
3rd Av.
4th Av. 5th Av.
5th Av.
er 36th Av.
37th Av.
Jardot Rd.
Perkins Rd.
Husband St.
Western Rd.
Timberline Dr.
Washington St.
Fountain View Ct.
Forest Trail Ct.
Sangre Rd.
Fountain View Dr.
24th Av. August Dr. Cambridge Ct.
4th Av.
5th Av.
19th Av.
22nd Av. 23rd Av.
Cedar Ct.
Han
Maple Av.
3rd Av.
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Arbor Cr.
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12th Av.
11th Pl.
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Elm Av.
Maple Av.
Brooke Av.
McElroy Pl.
Arrington Dr.
Elmwood Cr.
Elm Av.
Krayler Ave.
Will Rogers Dr. Cimarron Pl. Cimarron Dr. Leland Frontier Dr. Linda Av. Willham Dr. Ct. Boyles Ct. Willham Dr. Manning Ct.
Connell Av.
Hanson
51 7th Av.
Will Rogers Dr.
Dryden Cr.
Camden
Virginia Av.
Virginia Av.
University Av.
5th Av.
Krayler Ave. Ridgecrest Av. Brooke Av. Moore Av. Franklin Ln. Knapp St.
Hall of Fame Av.
Miller Av.
Lakeview Rd.
om
Country Club Rd.
Scott Av.
Mathews Av.
Emma Swim Ave.
Bo
Doral Ln.
Cantwell Av.
Scott Av.
Morrill Av.
k Ln.
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18th Ct.
e Roc
st Wood
n St.
Scissortail Dr.
10
Wentz Ln. University Cr.
Knotts Av.
177
Connell Av.
Connell Av.
Farm Av. Olive Ln. Drummond Av. Athletic Av. Monticello Dr.
31st Av.
Woodland Trails Dr.
Pheasant Eagle Creek Ave. Ridge Ave.
Wehr Ln..
Saddl
Deer Crossing Dr.
Black Oak Dr.
r. dge D Fox Le
29th Ct. 30th Av.
Inverness Ln. Fox Ledge Dr.
Ct. . nery ock Ln R dle Sad
Ln.
Fox Ledge Ln.
8
22nd Av.
Quail 25th Av. Ridge Ct.
Shin
k Dr.
erd aV
Lom
18th Av.
20th Av. 21st Ct.
Oxford Dr.
Culpepper
St.
15th Av.
n. eL
Scott Av.
Cantwell Av.
13th Av. 14th Av.
17th Av.
Quartz Dr. Richmond Hill Rd. Duncan
Nancy Lee Dr. Washington St. Ramsey St.
Airport Ln. Lincoln St.
Lincoln St. Lincoln Brooke Lincoln St. St. Hollow Ct. Monroe St. Monroe Monroe St. St. Jefferson St.
Ivy Ct.
Liberty Ct.
McDonald St.
McFarland St.
St.
Franklin Ln.
Pioneer St.
Tanglewood Cr.
Willow Park Cr.
S
Elv
eld
Bristol Rd. Av. 24th Av.
Fox Ledge Ct. 32nd Av.
4th Av. 5th Av. 5th Av.
yP urre
1-2 Black Oak Dr. Countryside Dr.
erfi
Sawgrass St.
Ceda
Fairfield Dr. Mansfield St. r Ridge Ct.
Hillside St.
Davinbrook Ln. Fiddlers Hill St. Berkshire Dr. Dublin Dr.
Fairfield Dr.
Williamsfield
Westridge St. Hillside Ct.
Savannah
pp
wbric
Yello
44th Av.
Dr. Deerfield
177
15
Wild Turkey Pas
Vista Ct.
Cottontail Ln.
9
44th Av.
Hunters Cr.
44th Av.
s
Isabell Pointe Dr.
Wicklow St.
Devon St.
Murphy St.
Shumard Ct. Oak St. W. Shumard Dr.
Pioneer St.
Sangre Rd.
Squires St.
Charles Dr.
Rid lue Sprin B gdal Wo e Dr. odc res t Dr. 11th Ct. Edgemoor Dr.
Iba Dr.
Oak Trail Dr.
Rd . Walking Trail Dr .
ld
Monroe St.
Willis St. Ridge Rd.
Country Club Rd. Windsor Dr. 2nd Ct. Kea ts D r.
Abbey Ln. Windsor Dr.
Oak Ridge Dr. Basin Ridge Dr. r. ge D
Greystone St.
Stoneridge Dr.
Westwood Ln.Westwood Dr.
Stoneyb rook St.
ge
Co
Vista Ln.
A8
Monroe St.
Land Run Dr.
Dr . W rig ht
d. sR ces l Ac tria dus rt In
Preston Liberty Cr. Cr.
Airp o
Valley Dr.
Mark Circle
Charolais Dr.
Warren Drive
Valley View Sangre Rd.
Keely Ct.
Range Rd. Crosswinds reek
er C
ld Bou
Vil la
drid ge
W oo
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Shadow Creek Ln.
Lyndsey Ct.
Range Rd.
19th Av.
ark
Austin Ct.
18th Ct.
t.
Woodlake Dr. Deer Creek Ct.
Shiloh Creek
r. k D r. r. 15th Av. Old Forest D D roo stb hire ar Charleston Cypress Mill We orks alam Y Sh
18th Av.
Persimmo
Stillwater NewsPress • Friday, February 16, 2018
t.
P low
Chapel Hill
18th Av.
yC
Wil
C
try oven
kor
Lou Ct
Loper Billin gslea Ln. Ct.
Summer Hill Ct. Germaine Ct.
10th Av.
3rd Av.
l.
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liff
land Ct . Ja Lind a
Hic
Westbrook Ct. 15th Av.
Eu
Charring Cross
rC
Crestview Ct. Cowboy Ct. High
w
lo Wil
Ct.
Murphy Dr.
Canterbury
Bria
Sunset Av. University Av.
7th Av. 8th Av. 9th Av.
Country Club Dr.
Dr.
D
Crestview Av.
Aggie Dr.
d woo
Ashbury
nd
la od
rfie
St. Tyler Av.
Dells Av.
d Dr.
Scott Av.
Arrowhead Pl.
Arrowhead Av.
5th Av.
Richfield Ct.
. Club Dr . Country Club Ct Country 14th Av. Woodland Ct. Oakfield Ct. 16th Av. Dr.
Wo
Admiral Av. Sherwood Av.
4th Av.
Prescot Dr.
gle Tan
Kenslow Dr.
e
shir evon
11th Av.
8th Av.
Ashton Ave.
ks
Oa
16
VillasCt.
Durham Ct. Ashford Ct.
Frontage Road 7th Av.
Fairway Dr.
ointe en P Gard ill ng H Spri Deer Run Ct.
51
e Dr.
den
Hid
Cr.
5th Av.
Ridg
sa
Me
5th Pl.
Oak
Pecan Lake Av. Trenton Ct. Pecan Trail Ct.
Ga
Lauren Lane
Keller Dr. Lakeview Ct.
woo
Pecan Hill St.
L
W
Mercury Av.
Liberty Dr.
Wild
7
Oakdale
10th Av.
ln inco
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nw
Gle
Osage
t.
dC
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nw
Ct. Av. uita rgia Chiq d Ct. Geo woo Wild Brentwood Dr. n Dr. Peca Redbud Dr. Redbud Dr. Randolph Ct. Eskridge Av. Windrock Hartman Av. Cr. Tyler Av. Tyler Av. Highview Av.
Dr. nett Graham Av. Ben Will Rogers Dr. Eskridge Av. Eskridge Av.
Eskridge Pl.
r.
mD
a illh
Miller Av.
Virgina Av.
9th Av.
Rd.
Tyler Av.
Hall of Fame Av.
2nd Av.
8th Av.
mer
McElroy Rd.
1st Av.
7th Av. 8th Av.
Boo
Reese Landing
Walnut St.
Tyler Av.
r.
le r. G
D od
Swim Av.
Knapp
Oak Crest Rd.
Thomas Av.
rst D
ehu
Marcus Dr.
Harned Av.
Mohawk Av.
Lak
Brooke Brooke Jefferson St. Moore Franklin
Farm Av.
8th Ct. 9th Ct. Trenton Av.
Boomer Lake
oke r. Brollow D Ho
Hereford Dobi Ln.
r.
lD
Eskridge Av.
4th Av.
Parkway Dr.
Osage Dr.
Eastland Dr.
Wiley St.
t.
te S Lakeview Rd.
Airport Rd.
Newman Av.
Hillcrest Av.
Liberty Rd. Preston Av.
Vena Ln.
3rd Pl.
Dr.
Lakeridge Av.
Windmill Ln.
3rd Av.
ore
. Dr
Sta
Lakeview Rd.
177
Harned Av. Madison Ct.
Thomas Av. Frances Av.
Memory Ln. Country Ln.
Airport Rd.
Tobacco Rd.
Preston Ln.
State Ln.
t.
Cheyenne Av.
w illo
Harned Av.
Av.
nC
Arapaho Av.
W
Newman Av. Hillcrest Av. Brown Av.
Dr.
se
Ute Av.
Lake Sh
Liberty
las
Rogers Dr.
Cherokee Av.
age
Richmond Rd.
ers
Rog
Ranch Av.
Os
gate Dr .
Britton Ct. B Dr. ritton Greenbriar Cr. Dr. Au d Ma ene D rieD r. r. Greenvale Ct. Ct. side C rook
Golf Dr.
Hartwood Av.
Lisa Ct. Lori Ct.
Windsor Cr.
Chateau Ct.
Washington St. Garfield St.
Hunters Ridge
Stillwater Municipal Airport
Lynn Ln.
North
Benjamin
Stonecrest Ave.
B
Real Estate Professionals 10. 3705 S. Scissortail 1-2:30 ................................. Tiffany 11. 1003 N. Cimarron Hill 1-3.................................... Amy 12. 414 E. Copper Canyon 1-3 ................................... Ann 13. 1314 S. Chester 1-3 ................................................ Jack
mil
Husband Pl. Northgate Dr.
Falls Dr.
Keller Williams 14. 1001 E. 11th 1-3 CUSHING .................................Edie 15. 11404 S. Churchill Downs 2-4 PERKINS ........ Gary
Park Pl. Tower Park Dr.
Richmond Hill Ct.
nd St. Husba
Richmond Rd.
NextHome Heartland Realty 16. 5810 W. Villas Ct. 1-3 .......................................Rhonda
Ct.
yon
Can
Amethyst Ave.
RE/MAX Signature 7. 5716 W. 9th Ct. 1-2 ................................................... Julie 8. 2709 W. 22nd Ave. 2:30-3:30 ................................ Julie 9. 4820 S. Wild Turkey Pass 1-3................................. Beth
d Win
Topaz Ave.
Chateau Dr.
Stonecrest Ct.
Century 21 Global 5. 1911 E. Wedgewood 1-3 ......................................David 6. 1704 Timber Ridge Trail 1-3 CUSHING....... Virginia
12
Chateau Pl. Peaceable Acres Rd.
• All Open Houses are Sunday unless otherwise indicated.
Coldwell Banker 1. 3016 W. Wellington 1-3 ...................................Paulette 2. 3004 W. Wellington 1-3 ...................................Paulette 3. 3806 W. Eagle Creek 1-3.................................... Connie 4. 2020 E. Kelsey Ln. 1-3..................................... Delphine
Burris Rd.
Burris Rd. 177
Week of Sunday, February 18, 2018
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Jardot Rd.
Perkins Rd.
Yost Rd.
6,14