The main topic of today: the uncertainty of what is happening with the economy and everything that is happening right now. The combination of COVID plus the news that is coming out of Ukraine is adding even more uncertainty to our situation. Oil Sanctions and Inflation Pressures Interestingly, many of the things that are happening, […]
Uncertainty is the Name of the Game
The main topic of today: the uncertainty of what is happening with the economy and everything that is happening right now. The combination of COVID plus the news that is coming out of Ukraine is adding even more uncertainty to our situation. Oil Sanctions and Inflation Pressures Interestingly, many of the things that are happening, […]
The Fed Says They’re Only Increasing Rates by 25%. It’s Not What It Seems…
Earlier today, The Fed was in front of congress and talking about the direction we are going with rates. One thing they said seemed to be great news on the surface – regarding a small increase in rates. Note: remember that we are talking about the Fed funds rate. Assumptions About Rates Going Up It’s […]
Does Your Credit Score Really Matter?
Today’s topic is all about credit. When you are getting a mortgage, it’s common to wonder if a credit score really matters? The answer: absolutely yes! Credit is the one thing that will make the biggest difference in your rate, program, and approval. Income, employment, and down payment are all factors that influence your offer. […]
Significant Changes for Self-Employed Clients Looking to Get a Mortgage
Today, I’m sharing news about big changes that just rolled out regarding conventional loans for people who are self-employed. Are You Self Employed? If you are running a company or are a member of a corporation, LLC, or a partnership (holding 25% or more as an owner of the company), it means that you are […]
Conventional Loans: Taking the Average of the Mid Scores for Two Borrowers
This topic isn’t new, but I think it’s worth mentioning since I haven’t shared about it on these videos before. It’s an important topic, especially for people who looking for mortgage options. Low Credit Score Borrowers Conventional loans, specifically Fannie Mae, actually allow for an averaging of two client’s low middle scores. Historically speaking, you […]
Jumbo Rates Still Very Strong
We’ve talked a lot about how interest rates are going up. January of this year was definitely a tough one for interest rates. Conventional rates went up three quarters of a point in the first month. The increases have settled down at this point, but we’re trending at a higher band. Jumbo vs. Conventional Interest […]
Borrow Money When You Don’t Need It!
Today’s topic is important – something that I can’t emphasize enough. Right now, there are record amounts of home equity. In the last year, there has been a good 20% increase in home values, which means equity continues going up. Borrowing Money When You Don’t Need It People are also flush with cash right now. […]
What’s Really Happening with Interest Rates?
In today’s video, I’m sharing some geeky charts so we can what is happening to interest rates and where we stand right now – and where I think we are heading (based on my opinion). Breaking Down Interest Rates In this chart, we are looking at the Fannie Mae bond – the actual source where […]
How Do the Numbers for a Home Purchase Compare to Renting?
It’s been a while since I shared a video on a rent vs. buy scenario. In the real estate business, there is always a mindset: you need to live somewhere – might as well be smart with your spending. If you are going to rent or buy, then let’s look at the numbers and see […]