Madison Peterson
Mortgage rates should drop below 7% as housing demand picks up!
We have already seen 4 positive weeks on purchase apps with rates above 7%Mortgage rates almost fell below 7%, the 10-year yield is below 4.25% again, and people are seriously talking about Fed rate cuts in 2024.Check...
Jon Puente
New Fannie/Freddie Guidelines Coming May 1, 2023
VERY important factors to consider for home buyers coming soon are the LLPA adjustments coming on Fannie/Freddie Conventional loans. Here are some things to watch out for -
1. Credit scores less than 679 with 5% do...
Simon Hernandez
How are these terms on a commercial multifamily loan?
Hello everyone. I'm in the hunt for a commercial multifamily under $525k and I've been offered 7.99%, 30 year fixed with 25% down. Is this in line with what you all are seeing out there? Thanks!
Ashley England
Rehabs and property taxes?
How are property taxes calculated?I understand it’s partially determined by the value of the home. When turning rehabs into rentals, how can I plan for what the property taxes will be after the rehab is complete?If yo...
Martin Z.
catch 22 apt rental issue
Tenant of Unit A is leaving, so i intend on renovating with recarpeting and new paint and leaseing it out. Now, Tenant of Unit B tell me they want to move into Unit A. The problem is in this scenario, i'd have to ren...
Michelle Phimmasone
DSCR loan question and help
We are purchasing a beach condo STR purposes. Our broker had offered us these loan options:
20% down at 8.5% interest, $65000 down, $1999 monthly
25% down at 7.5% interest, $81500 down, $1704 monthly
We wanted to k...
Jose Bernard
New Fannie Mae cash-out Refinance seasoning Requirement.
As we all know, in the recent weeks Fannie Mae changed their seasoning period requirement for conventional cash-out refinances. It changed from 6 months to 12 months. I'm wondering, what is your take on how these chan...
Dee Ambler
Sell primary residence or Keep as Rental
Sell or rent, that’s the question.
We have a single family home in a small town outside of Charleston, SC that we bought a year ago.
The house is not a great rental. It is very big. 6 bedrooms, 3400 sq ft and 3 stor...
Ahmed Alswaiti
Mortgage Rate Fluctuations
Today, two key points in the market caught my attention.
Mild Decline in Mortgage Rates:
The national average for a 30-year, fixed-rate mortgage has seen a slight dip to 6.87%. This change, though small, could be th...
Mitchell Roadruck
Mortgage Rates Dropping
Seeing a big drop in rates (1% over the last few weeks). In your opinion could this steep drop lead to an increase in new purchases leading to higher inflation, in turn raising rates? In short, if you had to guess wha...