What Is a Hard Money Loan? Hard money loans are short-term secured loans that use the property you’re purchasing as collateral. You won’t find one from your bank. Hard money loans are offered by alternative real estate lenders such as individual investors and private lenders that don’t use borrower credit scores and other individual factors…

Expectations of a larger Fed rate cut than first thought likely have surged in light of a slowing economy The eyes of the mortgage industry are squarely set on government inflation data scheduled to be released this morning, with speculation growing that a weaker-than-expected reading could spur a jumbo September interest rate cut by the…

When you know you are going to be tight on cash to close one of the tricks of the trade you can use on conventional loans is putting upfront costs on a credit card to keep more in their bank accounts. This will help in reducing their cash to close as well as maintain higher…

There are a lot of questions regarding the NAR Settlement and real estate commissions, so I wanted to provide some of the information previously sent out to you again and allow you to have it all in one place.   Additionally, this email provides information about what the agencies consider to be closing costs (see way below).   Please…

GENERAL – ABOUT THE SETTLEMENT What is the NAR Settlement? On March 15, 2024, the National Association of Realtors (NAR) reached an agreement with plaintiffs that would endlitigation of claims brought on behalf of home sellers related to broker commissions. On April 24, 2024, the courtgranted preliminary approval of the settlement. The settlement is still…

Big changes came into effect on August 17 Sweeping changes to the way realtors conduct business came into effect across the US on Saturday (August 17) – and that adjustment could have a significant knock-on impact on the mortgage and housing markets, according to a leading mortgage executive. As part of a much-discussed National Association…

There are a lot of questions regarding the NAR Settlement and real estate commissions, so I wanted to provide some of the information previously sent out to you again and allow you to have it all in one place.   Additionally, this email provides information about what the agencies consider to be closing costs (see way below).  Please note,…

Why get A Home Inspection When Buying A Home Getting a home inspection when buying a home is a crucial step in the home-buying process. Here’s why it’s so important: Identify Hidden Issues: A home inspection can uncover problems that aren’t immediately visible, such as structural issues, electrical or plumbing problems, or signs of mold…

Starting a mortgage application involves several key steps. Here’s a general guide to help you get started: 1. Check Your Credit Score – We can help you with this. Our credit reports are good for 90 days.  We keep all you information Safe and Secure. Why: Your credit score significantly impacts your mortgage rates and terms.…