by garrick | Sep 19, 2022 | 411
The real estate market is cooling fast! It has been a sellers’ market for a long time. This is when there are a lot of buyers competing for the same house of course, which drives values up. People are bidding and over bidding, especially in areas like California and...
by jessicajones | Sep 13, 2022 | 411
With mortgage interest rates spiking as fast as they did earlier this year, there has been a dramatic shift in the housing market and a lot of sellers are facing price reductions. A great strategy to avoid a price reduction is the seller buydown. How this works is...
by jessicajones | Aug 22, 2022 | 411, Uncategorized
This is the big buzzword right now among in-house lenders, I know. Why not give your sellers and buyers access to lower wholesale rates to begin with? What Is A Seller-Paid Rate Buydown? This is when the seller gives the buyer a credit to help “buy down” the...
by jessicajones | Jul 21, 2022 | 411
The 7/6 ARM is becoming increasingly popular since rates have ticked up. Here are some basics you should know before signing off in a 7/6 ARM. 1. The Adjustable Rate Change After Fixed Period Since the initial interest rate is only fixed for 7 years, the future rates...
by jessicajones | Apr 28, 2022 | 411
Inflation is the big buzz word in 2022 and how quickly times have changes in the mortgage world. We are seeing huge lender like Rocket and Better.com with tremendous layoffs with the new frontier we enter now that rates are up a good 1.5-2% above where they were over...
by jessicajones | Apr 8, 2022 | 411, Reverse Mortgage
There was a time when jumbo reverse mortgages received a bad rap amongst consumers, but over the last decade, jumbo reverse mortgages have evolved to become one of the more popular financing vehicles for borrowers throughout the San Francisco Bay area. Historically,...
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