Starting the process by "just browsing" could set you up for heartbreak. Before you go looking for (and falling in love with) a home, you need a realistic idea of what you can afford, make sure your credit is in good shape, and, most importantly, get pre-approved for a mortgage. If you're unsure where to start, you're in luck! I know some of the best loan officers around, and working with me means my connections are your connections!
0 notes
Rising Interest Rates: A Looming Cloud for the Housing Market?
The potential for rising interest rates has emerged as a key concern in the real estate market, raising questions about its impact on buyers and sellers. While the full impact remains uncertain, understanding the potential consequences can be valuable for navigating this dynamic environment.
How Buyers are Affected:
Reduced Purchasing Power: Higher interest rates translate to higher monthly…
View On WordPress
0 notes
Get Cash Now For Your Note!
Convert your monthly payments to one large lump sum in 3 easy steps.
Visit Now: https://mynotebroker.com
*Request a Free Quote
*Send us documents related to your note
*Receive your money
Request a Quote:
The first step is to send us the terms of your note. The easiest way to do this is to click on the Request a Free Quote button. We will work up an offer for you within 24-48 hours.
Send Us Paperwork:
When you agree to our offer we will provide you with a list of documents that we will need. This includes a copy of your promissory note, a copy of the deed or mortgage, etc. Once we receive the documents then we will do all the due diligence necessary to purchase your note and we pay all closing costs.
Receive Your Money:
As soon as we complete our due diligence we will set up a closing for you at a title company or attorney's office of your choice or we can have a mobile notary come to your home or office.
You just sign the paperwork and receive your money. It's that simple.
Seller Financing Notes|Real Estate Note Buyers|Note Valuation|Private Mortgage Notes|Note Servicing|Investing in Owner Financed Notes|Buy Mortgage Notes|Sell Real Estate Notes
0 notes
Doris Rivera, Realtor® | Real Estate Agent | Mortgage Broker in Inglewood CA
We are your dependable and trustworthy go-to Mortgage Broker in Inglewood CA, helping you find the best mortgage solution for your dream home. With access to a vast network of lenders and loan options, we work tirelessly to secure competitive rates and terms that suit your financial needs. With us, you can make your homeownership dreams a reality. Moreover, we also have a well-earned reputation as the best Real Estate Agent in Pasadena CA. Understanding the local market, we ensure you have access to the best listings that match your preferences. From property showings to negotiating offers, we advocate for your best interests, striving to secure the ideal home at the right price. So, if you need our expert assistance, call us today.
1 note
·
View note
Appreciation: The Secret Weapon in Your Seller Toolbox
When someone is thinking about a move, they aren't necessarily focused on the future - they are thinking about why the home they are living in doesn't meet their needs now.
The challenge in the current market is that sellers want to move, but when confronted with the financial reality of a higher monthly payment due to interest rates, sellers freeze. They are caught between wanting to improve their living situation, but being too uncomfortable with the impact on monthly payment.
There may only be so much that can be done about whether someone can qualify for a certain amount or not. However, if a would-be homebuyer is basing their decision on moving forward or staying put strictly based on their monthly comfort level, then there is one very important tool that you have in your toolbox that can help. That is appreciation!
For example, say a homeowner is weighing staying in their current home valued at $500,000 versus moving to a home that better-suits their needs, but is valued at $650,000. Yes, there is the monthly payment to consider, but how does appreciation factor in? Sure, appreciation doesn't write them a check every month to offset the mortgage payment, but it should be a factor in determining which option makes better financial sense in the long run.
Looking at our $500,000 and $650,000 example, if both homes appreciate at 5% per year, what is the value of those homes after 1, 5, and 10 years?
After 10 years, the $650,000 home would have gained $420,556 in equity while the $500,000 home would have only gained $323,505. That is almost $100,000 more! Unless the homeowner winds up spending more in interest payments over that ten-year period, they would come out ahead AND live in a home that is better-suited to their needs.
Of course, this is a simplified approach. We aren't doing a deep dive on things like as property taxes, insurance, HOA fees, or maintenance at this level. Our goal here is to reframe the conversation. We are giving the homeowner another way to look at their options so they can get out make a decision to move, rather than just focusing on the difference in monthly payments.
Have a seller or buyer on the fence? Give looking at appreciation a try and flex your math muscles. Use your own calculator or Club Zebra Members can download the Future Value Calculator.
By Denise Lones CSP, M.I.R.M., CDEI - The founding partner of The Lones Group, Denise Lones, brings nearly three decades of experience in the real estate industry. With agent/broker coaching, expertise in branding, lead generation, strategic marketing, business analysis, new home project planning, product development, Denise is nationally recognized as the source for all things real estate. With a passion for improvement, Denise has helped thousands of real estate agents, brokers, and managers build their business to unprecedented levels of success, while helping them maintain balance and quality of life.
0 notes
Are Mortgage Rates Making You A Little "Fraidy-Cat"?
Sellers: Don’t Let These Two Things Hold You Back
Many homeowners thinking about selling have two key things holding them back. That’s feeling locked in by today’s higher mortgage rates and worrying they won’t be able to find something to buy while supply is so low. Let’s dive into each challenge and give you some helpful advice on how to overcome these obstacles. Don’t be a…
View On WordPress
0 notes
If you are searching for a Realtor that will give you all you need to buy your home then I am your agent in the Philadelphia area. Contact me: 484-540-5162
Email:
michelle-littlejohnson.weichert.com
0 notes
Home Seller Buy-Down for a Lower Mortgage Interest Rate and Lower Monthly Payments
Many home sellers are now offering to buy down the buyer’s mortgage loan interest rate so that the buyer can afford to purchase the home of their dreams. A buydown is a way for a borrower to obtain a reduced interest rate by paying discount points at closing. Another option, prepaid interest points, are a one-time fee that is paid upfront. For discount points, the interest rate is lower for the…
View On WordPress
0 notes