Saturday Strategy
Mortgage FAQ's, did you knows and much more...
Bridge loan comparisons
We know many of you are navigating the tricky waters of selling one house and buying another. Whether you're considering this for your primary residence or investment properties, we have a solution that could be a game-changer.
Here's a quick rundown of the key points:
Bridge Loans Explained: Our Bridge Loan Program allows you to secure a loan on the house you're selling. This means you don't have to worry about leaving your current home or having a mortgage on it.
Investment Properties Included: This isn't just for your primary residence. It's also designed for investment properties, giving you flexibility and options.
Cash Buying Power: With this bridge loan, you can use the secured funds to buy your new property in cash. No need to identify your next home upfront.
Interest Rates Vary: Keep in mind that interest rates may vary based on factors like credit scores, so we'll work closely with you to find the best solution.
Not All Lenders Offer This: While this fantastic program is available, it's not offered by every lender. It's essential to do your homework and work with experts like us who understand the intricacies.
Check out are comparison I ran comparing a new first mortgage, 1st mortgage and HELOC and a bridge loan. -- https://mcedge.tv/46ed8o
P.S. Can I count on you to call us when any friends, family or coworkers are looking to buy, sell or refinance a home? We'd love to help! You can just text/call me at 480.553.8770.
Should You Rent Your House or Sell It?
Kevin Brierton – 2.1.2023 If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of selling it. A short-term rental (STR) is typically offered as an alternative to a hotel, and they’re an investment that’s gained popularity in recent years. According to a Harris Poll survey, 28%…
Lower Mortgage Rates Are Bringing Buyers Back to the Market
Kevin Brierton – 1.31.2023 As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling. Now, however, rates are beginning to come down—and buyers are starting to reenter the market.…
Where Will You Go If You Sell? You Have Options.
Kevin Brierton – 1.30.2023 There are plenty of good reasons you might be ready to move. No matter your motivations, before you list your current house, you need to consider where you’ll go next. In today’s market, it makes sense to explore all your options. That includes both homes that have been lived in before as well…
Why It Makes Sense To Move Before Spring
Kevin Brierton – 1.26.2023 Spring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing it’s the best time to find a home. However, that isn’t always the case when you factor in the competition you could face with other buyers at that time of year.…
Why You Shouldn’t Fear Today’s Foreclosure Headlines
kevin Brierton – 1.25.2023 If you’ve seen recent headlines about foreclosures surging in the housing market, you’re certainly not alone. There’s no doubt, the stories in the media can be pretty confusing right now. They may even make you think twice about buying a home for fear that prices could crash. The reality is, the data shows…
The 3 Factors That Affect Home Affordability
Kevin Brierton – 1.24.2023 If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares: “. . . with slowly improving affordability and…
Want To Sell Your House? Price It Right.
Kevin Brierton – 1.23.2023 Last year, the housing market slowed down in response to higher mortgage rates, and that had an impact on home prices. If you’re considering selling your house soon, you’ll want to adjust your expectations accordingly. As realtor.com explains: “. . . some of the more prominent pandemic trends have changed, so sellers might wish…
Pre-Approval in 2023: What You Need To Know
Kevin Brierton – 1.19.2023 One of the first steps in your home-buying journey is getting pre-approved. To understand why it’s such an important step, you need to understand what pre-approval is and what it does for you. Business Insider explains: “In a preapproval [sic], the lender tells you which types of loans you may be eligible to take out, how much you…
These 3 Tips Can Improve Your Credit Score by up to 30%
Source: Momentifi THESE 3 TIPS CAN IMPROVE YOUR CREDIT SCORE BY UP TO 30% Your balance-to-limit ratio looks at the balance you owe vs. your available credit lines. This has a 30% impact on your score. Keeping your credit balances below 50% of your available limit is very important. Keeping your balances below 30% of your available…
FIVE THINGS THAT IMPACT YOUR CREDIT SCORES
HOW ARE CREDIT SCORES CALCULATED? Your credit scores usually determine the price you pay for your money (mortgages, auto loans, auto leases, credit cards, business loans, etc.). Perhaps the most significant part of your credit report is your credit score. Credit scores range from 350 to 850, with 850 being the best possible credit score,…
P.S. Can I count on you to contact me if you hear that a friend, family or coworker is looking to buy, sell or refinance? Call/Text 480.553.8770 - We'd be honored to help them too!