It’s a good time to be in the mortgage business, with shockingly low interest rates, record home equity, and thriving – if not spectacular – real estate markets nationwide. However, we all know that these halcyon days won’t last forever.
In fact, with about 300,000 mortgage lenders (between banks, brokers, and LOs) in the U.S. all fighting for the same shrinking ... Continue Reading →
If we had to characterize the Las Vegas metro housing market (encompassing both Las Vegas and Henderson, NV) in one over-simplified description, it would probably be that the market was moving like a speeding racecar and someone just tapped the brakes for the first time in a while.
But while the luxury side of the real estate market (and those who price ... Continue Reading →
California is known for many things, including beautiful coastline, amazing peaks and parks, wine country, and plenty of sunshine. But there’s another thing that the Golden State is known for – high housing prices. While we usually think of San Francisco, Los Angeles, or even San Diego first when luxury real estate comes up, it’s another city – San Jose – ... Continue Reading →
A brawl has erupted, and everyone’s circling around to watch. But instead of being schoolyard fisticuffs, this imbroglio is over which credit score lenders will use for home loans.
For as long as we can remember, lenders used FICO scores to decide whether a borrower qualified for a mortgage loan, which was then sold to the credit giants Fannie Mae or Freddie ... Continue Reading →
If you’re a real estate agent, loan officer, or work in sales in any capacity, then prospecting is a way of life. Cold calling, door knocking, social media posts, email newsletters, mailing postcards, prospecting phone calls, and even open houses are the tools of the trade. In fact, you probably spend the ... Continue Reading →
Conventional wisdom states that the winter is the worst time to buy or sell a house. After all, no one wants to go out looking for homes or move when it’s cold, dark, and rainy, fewer homes are for sale, and people don’t want to unsettle their family during the holidays, right?
Not at all. In fact, the winter months are some ... Continue Reading →
For millions of first-time homebuyers and other homeowners, the Federal Housing Administration (FHA), is the best resource they’ll ever find. Originated back in 1934, the FHA is a government agency that facilitates access to home ownership for more Americans. They do that in an ingenious way, since the FHA doesn’t actually lend their ... Continue Reading →