What to Consider When Buying a Second Home | Check out our latest videos. Please follow us on
Buying a second home today is more challenging due to rising property values and higher interest rates. Decide whether the second home will be for personal use or rented, impacting financial returns significantly.
Read MoreTips for Managing Rental Properties Remotely
Managing rental properties remotely has become more efficient due to technology. Landlords can utilize property management software, online rent collection services, and virtual communication tools to streamline operations. Smart home technology and automated accounting software further enhance management capabilities. While technology aids remote management, hiring a property manager offers local expertise, tenant screening, maintenance handling,…
Read MoreRates must come down by ‘a lot’, says Fed official
Central bank is expected to continue cutting rates in the months ahead Federal Reserve Bank of Chicago President Austan Goolsbee reiterated interest rates need to come down over the next year by “a lot.” Goolsbee emphasized how the central bank’s narrow focus on inflation has expanded to the jobs market, adding he’d like to keep…
Read MoreFed Rate Cut: Will Prices Ever Go Back To ‘Normal’?
Inflation may have (nearly) returned to normal. But prices don’t feel normal. The Federal Reserve cut the federal funds rate by 50 basis points in September as inflation has moved closer to its 2% target. This was the first rate cut since the onset of the pandemic and might be a turning point in the Fed’s years-long battle to…
Read MoreHow the 2024 Election Could Impact Homebuilder Stocks | Check out our latest videos. Please follow us on
The 2024 election could influence homebuilder stocks through potential zoning reform and housing policies.Some candidates propose relaxing restrictive zoning laws to boost new construction and address the housing shortage.
Read MoreJacksonville Tops Florida for Most Homes for Sale | Check out our latest videos. Please follow us on
Fed seen cutting rates another 50 bps in November
On November 7, the Federal Open Market Committee is expected to again lower interest rates after an initial cut on September 18. Markets currently expect a 0.25% reduction in interest rates to 4.5% to 4.75%. However, a larger 0.5% reduction is possible depending on reported economic data over the coming weeks. Meeting Timing The FOMC…
Read MoreWhat are Non QM Mortgages?
Non-QM (non Qualified Mortgage) mortgages are loan products that do not meet the standard criteria established by the Consumer Financial Protection Bureau (CFPB) for qualified mortgages. These standards are designed to protect borrowers by ensuring that loans are affordable and that lenders have verified the borrower’s ability to repay. Non-QM mortgages can include a variety…
Read MoreFreddie Mac recently made a change to their rules as it pertains to minimum self-employment.
I am not referring to the rule where you only need one year tax returns if you have been in business for five years. That still exists for both Fannie and Freddie. I am referring to the rule where you only need to be Self-Employed for one year and still get conventional financing. HERE ARE…
Read MoreEssential Tips for Selecting Mortgage Brokers | Check out our latest videos. Please follow us on
Research mortgage brokers by reading reviews, seeking referrals, and ensuring they are licensed in your state.Mortgage brokers assist borrowers by providing access to exclusive mortgage products and guiding them through the process.
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