With renters seeing steeply increasing rents and homebuyers presented with a mix of both housing affordability challenges and opportunities, how much home can you truly afford in today’s market? Knowing how much home you can afford is really the first step toward homeownership in today’s market. Although interest rates and prices may be bringing some […]
Making Home Ownership a Reality for All
Making home ownership a reality for all is possible. Buying a home is a symbol of the American dream, both as place to live and raise children and as an asset that can grow in value, provide future economic opportunities and grow generational wealth. Yet for many people, escalated home prices, increasing mortgage rates, inflation, and […]
Building Wealth Through Real Estate and Closing the Generational Wealth Gap
It is reported that in the U.S today 10% of the population holds 76% of the country’s wealth, and a major reason for that disparity is the transfer of wealth from generation to generation. In this blog we will look at how to build wealth through real estate and close the generational wealth gap. Generational […]
How Can Realtors Use Creative Lending to Grow Their Business?
As the market changes, how can Realtors use creative lending to grow their business? Winston Churchill once reportedly stated, “Never let a good crisis go to waste.” These words have never been more important than in today’s real estate market. As all highly successful realtors know, great challenges can present amazing opportunities. As the market […]
Uncovering the Hidden Advantages of Higher Interest Rates
Toward the end of last year, the Federal Reserve announced that borrowers could expect a series of rate hikes throughout the year in an effort to fight inflation and prevent the economy from expanding at an unsustainable rate. Although interest rates are key considerations for most borrowers, there are actually a number of advantages to […]
How to Compare Offers from Different Mortgage Lenders
Individual mortgage lenders may offer a variety of different loan rates, terms, and qualifications, which can make shopping for a mortgage seem confusing, stressful and time-consuming without expert help. The type of loan you obtain can affect not only the affordability of the monthly payment, but often how quickly you build equity in your property […]
Selecting the Right Mortgage Professional to Work for Your Best Interests
Buying real estate can be intimidating, and as a borrower, it can be difficult to know all the details and options about mortgages including the availability of different lending products, rules and regulations, and the qualifications and documentation required for obtaining a loan. Therefore, it is beneficial for many buyers to find a mortgage professional […]
How the Recent Federal Reserve Meeting Could Impact New Mortgage Rates
Although it may be a widely-held misconception that the Federal Reserve sets consumer mortgage rates, it can, in fact, have a significant effect on them. During the COVID pandemic, the Fed bought billions of dollars of consumer mortgages to help keep rates extremely low and thereby encourage spending. Typically, the Federal Open Market Committee (FOMC) […]