Saturday Strategy
Mortgage FAQ's, did you knows and much more...
How Realtors and Clients Are Benefiting from Renovation Second Mortgage
Here’s the big idea:
Imagine helping your clients unlock renovation funds without touching their ultra-low first mortgage rate. Using a special second mortgage product, they can tap into future appraised value — not just current value — after they close.
✅ No need to delay closing for contractor bids or architectural plans.
✅ Helps buyers get into homes that might need future updates (think growing families!).
✅ Great reason to reach out to your database and re-engage past clients.
Action Steps for You:
- Identify buyers who love a home but wish it had “one more bedroom” or “bigger kitchen.”
- Reach out to past clients sitting on home equity who might want upgrades.
- Share this video with anyone you think could benefit!
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.
What a Fed Rate Cut Could Mean for Mortgage Rates
The Federal Reserve (the Fed) meets this week, and expectations are high that they’ll cut the Federal Funds Rate. But does that mean mortgage rates will drop? Let’s clear up the confusion. The Fed Doesn’t Directly Set Mortgage Rates Right now, all eyes are on the Fed. Most economists expect they’ll cut the Federal Funds Rate at…
Patience Won’t Sell Your House. Pricing Will.
Waiting for the perfect buyer to fall in love with your house? In today’s market, that’s usually not what’s holding things up. And here’s why. Let’s be real. Homes are taking a week longer to sell than they did a year ago. According to Realtor.com: “Homes are also taking longer to sell. The typical home spent…
Mortgage Rates Just Saw Their Biggest Drop in a Year
You’ve been waiting for what feels like forever for mortgage rates to finally budge. And last week, they did – in a big way. On Friday, September 5th, the average 30-year fixed mortgage rate fell to the lowest level since October 2024. It was the biggest one-day decline in over a year. What Sparked the Drop? According to Mortgage News…
Why 50% of Homes Are Selling for Under Asking and How To Avoid It
If your selling strategy still assumes you’ll get multiple offers over asking, it’s officially time for a reset. That frenzied seller’s market is behind us. And here are the numbers to prove it. From Frenzy to “Normal” Right now, about 50% of homes on the market are selling for less than their asking price, according…
Affordability Improves, Rates at 11-Month Low
Inside Lending – Week of September 8, 2025 QUOTE OF THE WEEK “I installed a skylight in my apartment… the people who live above me are furious!”—Steven Wright, American stand-up comedian, actor, writer, and film producer NATIONAL MARKET UPDATE The Mortgage Bankers Association notes, “Affordability conditions have now improved for two consecutive months,” as the…
Big News for Homebuyers: Privacy Protection Is Here
On September 5, 2025, President Trump signed into law the Homebuyers Privacy Protection Act (H.R. 2808). For too long, homebuyers have been hit with a flood of calls, texts, and emails from competing lenders immediately after applying for a mortgage — all because of a practice called “trigger leads.” That ends now. Here’s what the…
What Mortgage Delinquencies Tell Us About the Future of Foreclosures
You may be seeing headlines about how foreclosures are rising. And if that makes you nervous that we’re headed for another crash, here’s what you should know. According to ATTOM, during the housing crash, over nine million people went through some sort of distressed sale (2007-2011). Last year, there were just over 300,000. So, even with…
Home Prices Cool as Buyers Gain Leverage
Inside Lending For the week of SEPTEMBER 2, 2025 QUOTE OF THE WEEK “Two things are infinite: the universe and human stupidity; and I’m not sure about the universe.”—Albert Einstein, German-born American theoretical physicist NATIONAL MARKET UPDATE The Pending Home Sales measure of signed contracts on existing homes posted a small year-over-year gain in July,…
Thinking About Renting Your House Instead of Selling? Read This First.
If your house is on the market but you haven’t gotten any offers you’re comfortable with, you may be wondering: what do I do if it doesn’t sell? And for a growing number of homeowners, that’s turning into a new dilemma: should I just rent it instead? There’s a term for this in the industry, and it’s called…
Bank Statement Loans: Avoiding the Gotcha’s in Non-QM Mortgages
When it comes to Non-QM mortgages, bank statement loans can be a great solution for self-employed borrowers who don’t qualify with traditional tax returns. But these loans also come with their own set of “gotcha’s”—details that, if overlooked, can derail the deal late in the process. Here are some of the most important questions to…
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!