C. Ray Brower
MEDICAL PERSONAL, TEACHERS,
HOME SELLERS, HOME BUYERS,
C. Ray Brower is a man with a wide range of interests and talents. He is an avid golfer, traveling to different courses and competitions to hone his skills. He is also a wine connoisseur, enjoying the finer things in life and indulging in delectable cuisine during his leisure time. In addition, he and his wife both enjoy hiking and enjoy exploring the mountains together, taking in the beautiful scenery and getting some exercise at the same time. He also has a keen interest in home renovation and property flipping, as demonstrated by his frequent viewing of TV shows on the subject. This interest has led him to learn more about the industry and he is always looking for ways to apply this knowledge to his real estate transactions.
With several years of experience in real estate transactions, C. Ray has recently become an Associate Broker at Your Perfect Home, a company powered by eXp Realty of California, Inc. He boasts an impressive list of accomplishments, including the titles of Certified Express Offers Agent, Certified Probate Expert, Certified Home Buying Expert, Certified Home Selling Expert, Certified Real Estate Mentor/Trainer, New Home Directory Contributor, and Public Speaker. This long list of certifications, training and accomplishments reflect his extensive knowledge in the field and his commitment to stay up-to-date with the latest trends and best practices.
Prior to his career in real estate, C. Ray managed transmission shops, and also worked in construction for a decade after completing high school. Despite suffering a back injury while working in construction, C. Ray feels fortunate to have found a career path where he can thrive. His experience in the construction industry has given him a deep understanding of the mechanics and technicalities of buildings, which he applies to his work as a real estate professional.
C. Ray is a man of few words, but his wisdom and advice is well-regarded. He holds the belief that God puts individuals in our lives for one of three reasons: to learn, to teach, or to learn and teach simultaneously. He values the freedom that comes with serving others and experiencing the fruits of his labor. He is always eager to learn and grow, which is one of the aspects of life he cherishes most. He is a lifelong learner and is always looking for opportunities to expand his knowledge and skills, in order to better serve his clients and colleagues.
An expert at understanding the needs of others, C. Ray is a master of communication and is dedicated to helping others. He is able to communicate effectively and understand the needs of his clients, which allows him to provide them with the best possible service. He can often be found assisting others on weekends or attending industry events with colleagues, as his passion for his work never wanes. He is dedicated to his clients and is always looking for ways to improve and expand his services.
C. Ray's guiding principle is to always strive to be the sunshine in someone else's rainy day. He believes in the power of positivity and is always looking for ways to make a difference in the lives of others. He is a natural leader and is respected by his colleagues and clients for his wisdom, integrity and dedication. He is a true professional and is committed to helping others achieve their goals and dreams.
If you are interested in investing in Residential real estate don’t hesitate to reach out!
Whether you are interested in leasing, buying, or selling, we can help you find your property.
Buying your first home should be a rewarding and exciting time in your life, and one that you look back on with fond memories.
If you’re selling your home right now, or thinking about doing it soon, you should know that today’s housing market is unlike anything.
When buying or selling a home, there are so many options…which can also present a lot of obstacles. Laws change, forms change, and practices change all the time in the real estate industry. Because it’s our job to stay on top of those things, hiring a realtor reduces risk, and can also save you a lot of money in the long run.
When you work with me as your Realtor, you’re getting an expert who knows the area; knows how to skillfully guide your experience as a seller or buyer; can easily spot the difference between a good deal and a great deal. My job is to translate your dream into a real estate reality, and I work hard to earn and keep my business. This also means earning your trust: When you work with me, you’ll be working with a realtor who looks out for your best interests and is invested in your goals.
There are two different types of loans conventional loans and government-backed loans. The main difference is who insures these loans:
1 - Government-backed loans (FHA, VA and USDA):
(a) - Are, unsurprisingly, backed by the government.
(b) - Include FHA loans, VA loans, and USDA loans.
(c) - Make up less than 40 percent of the home loans generated in the U.S. each year.
2 - Conventional loans:
(a) - Are not backed by the government.
(b) - Include conforming and non-conforming loans (such as jumbo loans).
(c) - Make up more than 60 percent of the loans generated in the U.S. each year.
1 - FHA LOANS:
FHA loans, which are insured by the Federal Housing Administration, are typically designed to meet the needs of first-time homebuyers with low or moderate incomes. FHA loans can be approved with a down payment of as little as 3.5 percent and a credit score as low as 580.
FHA loans are often called “helper loans,” because they give a leg up to potential borrowers who may not be able to secure one otherwise. For this reason, FHA loans have maximum lending limits, which are determined based on housing values for the county where the for-sale home is located.
Because the agency is taking on more risk by insuring FHA loans, the borrower is expected to pay mortgage insurance both at the time of closing and on a monthly basis, and the property must be owner-occupied.
2 - VA LOANS:
VA loans are backed by the Department of Veterans Affairs and they are guaranteed to qualified veterans and active-duty personnel and their spouses. VA loans can be approved with 100 percent financing, meaning VA borrowers are not required to make a down payment.
Unlike FHA loans, borrowers do not have to pay mortgage insurance on VA loans.
3 - USDA LOANS:
You may also hear about USDA loans, which are backed by the United States Department of Agriculture mortgage program. USDA loans are intended to support homeowners who purchase homes in rural and some suburban areas. USDA loans do not require a down payment and may offer lower interest rates; borrowers may have to pay a small mortgage insurance premium in order to offset the lender’s risk.
Buyers who have a more established credit history and a larger down payment may prefer to apply for a conventional loan. These loans may offer a lower interest rate and only require the home buyer to purchase monthly mortgage insurance while the loan-to-value ratio is above a certain percentage, so a conventional loan borrower can typically save money in the long run.
Conventional loans are divided into two types: Conforming loans and non-conforming loans.
1 - CONFORMING LOANS:
Conforming loans are those that meet (or conform to) predetermined standards set by Fannie Mae and Freddie Mac — two government-sponsored institutions that buy and sell mortgages on the secondary market. By selling the loans to "Fannie and Freddie," lenders can free up their capital and return to issue more mortgages than if they had to personally back every loan that they approve.
The main standard for conforming loans is that the amount borrowed must be under a certain amount; in Alaska, a single-family home loan must be under $647,200 in order to be considered conforming.
Properties with more than one unit have higher limits.
2 - NON-CONFORMING (JUMBO) LOANS:
But what happens if a borrower wants to borrow more than the Freddie- and Fannie-approved loan amount? In this case, they would have to apply for a “jumbo loan,” which is the most common type of non-conforming loan.
Because the lender cannot resell the jumbo loan (or any non-conforming loan) to Freddie Mac or Fannie Mae, jumbo loans are considered to be riskier than a conforming loan. To protect against this risk, the bank will typically require a higher down payment; the interest rate on a jumbo loan may also be higher than if the same borrower applied for a conforming loan.
Rate types: Fixed-rate vs. adjustable-rate mortgages.
In addition to the loan type you choose, you’ll also have to determine if you want a fixed-rate mortgage or an adjustable-rate mortgage (ARM). A fixed-rate mortgage has an interest rate that does not change for the life of the loan, so it provides predictable monthly payments of principal and interest.
An adjustable-rate mortgage typically offers an initial introductory period with a low-interest rate. Once this period is over, the interest rate adjusts periodically, based on the market index. The initial interest rate on an ARM can sometimes be locked in for different periods, such as one, three, five, seven, or 10 years. Once the introductory period is over, the interest rate typically readjusts annually.