Saturday Strategy
Mortgage FAQ's, did you knows and much more...
New Build Financing Insights
In the current market, some new build lenders offer substantial credits to lower interest rates. While this may seem appealing, it's crucial to evaluate the long-term implications. We recently reviewed a client's loan estimate with nearly $40,000 in credits to reduce interest rates, but the home's price was only $380,000. Essentially, they were paying almost 10% more for the house upfront. Yikes! Check out this weeks Saturday Strategy Video
Check this out... the Annual Percentage Rate (APR) exists to reflect the true interest rate. In some cases, it can be deceptively high, around 11 to 13%+, due to excessive upfront costs.
Don't rush into decisions. The lowest rate with the wrong strategy can cost you thousands.
📈 More Jobs, Higher Wages, and a Shift Toward Buyers 🏡
Inside Lending – For the week of JUNE 30, 2025 QUOTE OF THE WEEK “Those who expect to reap the blessings of freedom, must undergo the fatigue of supporting it.”—Thomas Paine, English-born American Founding Father NATIONAL MARKET UPDATE The National Association of Realtors (NAR) reported Existing Home Sales rose in May, and for the second…
What Every Homeowner Needs To Know In Today’s Shifting Market
Thursday June 26th, 2025 Here’s something you need to know. The housing market is getting back to a healthier, more normal place. And even though it may not sound like it, this shift is actually a good thing. It’s what you should expect. It’s just that our expectations have been skewed by the intense seller’s market over…
Why Homeownership Is Going To Be Worth It
Monday June 23rd, 2025 Life can feel a bit unpredictable these days. What’s happening with inflation? The economy? The housing market? But in the middle of all that uncertainty, there’s one thing a lot of people still crave – a place to call their own. Because when everything else feels up in the air, home…
🎯 Why Your Home’s Asking Price Matters More Than Ever
In today’s real estate market, your asking price isn’t just a number—it’s a strategy. As more sellers enter the market, buyers are gaining options. That means pricing your home correctly right out of the gate is more important than ever. Unfortunately, many homeowners are missing the mark… and the data shows it. 📉 The Return…
Think It’s Better To Wait for a Recession Before You Move? Think Again.
Wednesday June 25th, 2025 Fear of a recession is back in the headlines. And if you’re thinking about buying or selling sometime soon, that may leave you wondering if you should reconsider the timing of your move. A recent survey by John Burns Research and Consulting (JBREC) and Keeping Current Matters (KCM) shows 68% of people are delaying plans to buy or…
🏡 More Listings, Fewer Bidding Wars — The Market Is Shifting 📉📈
For the week of JUNE 23, 2025 QUOTE OF THE WEEK “When my mother had to get dinner for 8, she’d just make enough for 16 and only serve half.”—Gracie Allen, American vaudevillian, singer, actress, and comedian NATIONAL MARKET UPDATE May saw a modest increase in single-family home starts, though starts overall declined (solely from…
3 Reasons To Buy a Home This Summer
Thursday June 19th, 2025 Are you thinking about buying a home, but not sure if now’s the right time? A lot of people are waiting and wondering what the market’s going to do next. But here’s something only the savviest buyers realize: This summer might actually be the best time to buy in years. Here are three…
Why More Sellers Are Choosing To Move, Even with Today’s Rates
Wednesday June 18th, 2025 It’s hard to let go of a 3% mortgage rate. There’s no question about it. It’s the main reason why so many homeowners have delayed their move in recent years. But here’s something to consider. While your low rate might be ideal, it doesn’t make up being too cramped, having a staircase your…
A Win for Borrowers and Lenders: Congress Moves to Curb Abusive Trigger Leads
The mortgage world just took a major step forward in protecting consumers and mortgage professionals alike. In a unanimous 46-0 vote, the House Financial Services Committee approved H.R. 2808, a bipartisan legislation aimed at ending the misuse of mortgage “trigger leads.” This marks a significant win for the industry and an even bigger win for…
📉 Market Stability. Growing Inventory. Buyer Advantage?
QUOTE OF THE WEEK “What’s the use of happiness? It can’t buy you money.”—Henny Youngman, English-born American comedian and musician NATIONAL MARKET UPDATE The Mortgage Bankers Association (MBA) reported “purchase applications were 20% ahead of last year’s pace, continuing to show strength” last week, as “homebuyers seem to be taking advantage of loosening housing inventory.” The MBA…
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!