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Millennials Seem to Like Adjustable Rate Mortgages

March 31, 2023 by Brett Tams

It’s not just avocado toast. A new anecdotal report from the WSJ reveals that Millennials who are buying homes are increasingly choosing adjustable-rate mortgages to get the job done. While the data isn’t definitive by any stretch, John Walsh, the chairman of a large mortgage lender by the name of Total Mortgage Services, told the… Read More »Millennials Seem to Like Adjustable Rate Mortgages

The post Millennials Seem to Like Adjustable Rate Mortgages appeared first on The Truth About Mortgage.

Posted in: Mortgage News, Renting Tagged: 2017, Adjustable Rate Mortgages, ARM, ARMs, avocado toast, balance, borrowers, Buy, buyer, buyers, Buying, Careers, choice, condo, Crisis, data, decades, equity, Financial Wize, FinancialWize, first home, first-time buyers, fixed, gift, Giving, good, home, home buyer, home buyers, home equity, home prices, Homeowner, homes, interest, interest rate, job, Life, LOWER, Make, millennials, mobile, money, More, Mortgage, mortgage lender, Mortgage News, Mortgage Rates, Mortgages, Move, needs, new, or, Other, panic, place, plan, pretty, price, Prices, principal, Promotion, property, rate, Rates, Real Life, Refinance, Rent, right, rise, risk, safe, Salary, save, Saving, saving money, Sell, Side, simple, the balance, time, will, work, young

Tranquil Desert Oasis Mesmerizes the Market Near Palm Springs for $1.55M

March 30, 2023 by Brett Tams

The current owners of the minimalist Artesia Residence in Desert Hot Springs, CA, have reimagined the 1,609-square-foot dwelling.
Posted in: Moving Guide Tagged: 2, ad, agent, bathroom, bedroom, Bedrooms, Built, buyer, ca, ceilings, Credit, custom, dining, dream, environment, Financial Wize, FinancialWize, gpt, great, home, homes, hot, hot tub, house, id, Income, kitchen, Land, market, Minimalist, Move, natural, neighbors, News, Oasis, Original, outdoor, outdoor dining, outdoor space, palm springs, pool, property, quiet, ready, realtor, Realtor.com, Rent, rental, simon, solar panels, space, springs, Style, transformation, unique, vacation, wants, wood

Buying a Home While Yours is for Sale? Here’s What You Should Know

March 30, 2023 by Brett Tams

Shopping for a new home when you already have a home can be a nail-biting process, as you work to decide how you’ll time things so that you don’t have to pay two mortgages. Even if you could afford to swing the extra expense for a few months, lenders may be hesitant to loan money… View Article

The post Buying a Home While Yours is for Sale? Here’s What You Should Know first appeared on Total Mortgage.

Posted in: Refinance, Renting Tagged: action, author, before, Blog, borrowers, bridge, build, Buy, buyer, buyers, Buying, Buying a Home, choice, contingency, country, Debt, down payment, event, existing, expense, Family, Finance, Financial Wize, FinancialWize, home, Homeowner, homes, house, id, Income, items, lenders, Living, loan, loan money, Make, market, Massachusetts, money, Mortgage, mortgage payments, Mortgages, Move, Moving, new, new home, or, payments, percent, Purchase, Rent, renting, right, save, Save Money, search, Sell, seller, selling, shopping, storage, time, timing, town, under, will, work, working

Save thousands on your home loan: one in four rates cost 40% more than the cheapest – The Property Tribune

March 30, 2023 by Brett Tams

Save thousands on your home loan: one in four rates cost 40% more than the cheapest  The Property Tribune

Posted in: Savings Account Tagged: 2, 2021, 2022, 2023, ABS, advice, All, appreciation, Bank, banks, before, Benefits, big, Big Four, borrowers, borrowing, Broker, buyer, buyers, CEO, color, cost, couple, data, decisions, earning, expensive, Fees, Finance, Financial Wize, FinancialWize, first home, good, great, green, habit, home, home buyer, home loan, home loans, household, id, Insurance, interest, interest rate, interest rates, investment, investment advice, lending, list, loan, loan interest, Loans, LOWER, Make, making, market, money, More, Mortgage, Mortgage Insurance, Moving, opportunity, or, Other, payments, Personal, points, present, principal, property, rate, Rate Hikes, Rates, Refinance, refinancing, repayment, Research, right, rise, save, Saving, savings, second, settlement, statistics, under, variable, will

Tips of How to Buy a Foreclosed Home in 2023

March 30, 2023 by Brett Tams

Who doesn’t dream of nabbing a really good deal when shopping for a home? Maybe you’re even considering a fixer-upper, a property that would allow for some sweat equity and would, over time and with work, help you grow your wealth. If you have been studying the real estate listings, you have probably seen some […]

The post Tips of How to Buy a Foreclosed Home in 2023 appeared first on SoFi.

Posted in: Financial Advisor, Home Ownership, Mortgage Tagged: 2, 2023, 457, affordability, agent, agents, All, analysis, ask, asking price, assessment, auctions, Bank, banks, before, Benefits, bidding, bills, blue, bonus, Borrow, borrowers, budgets, Buy, buy a home, buyer, buyers, Buying, calculator, clear, color, company, comps, Conforming loan, Connecticut, cons, contractors, court, data, Deals, Debt, deed, deed in lieu of foreclosure, Department of Housing and Urban Development, deposit, Development, display, Down payments, dream, earnest money, equity, estate, expensive, Family, Fannie Mae, faq, FDIC, FHA, FHA loan, FHA loans, Finance, financial tips, Financial Wize, FinancialWize, financing, First-time Homebuyers, fixed, fixer-upper, foreclosure, Foreclosures, foundation, Freddie Mac, Free, funds, General, good, government, great, Grow, guide, HLGen, hoa, home, home affordability, home buyers, home buying, home buying process, home inspection, Home Ownership, home purchase, homebuyer, Homebuyers, Homeowner, homeownership, homepath, homes, homes for sale, house, Housing, How To, HR, HUD, hudhomestore, HVAC, inspection, investors, InvestY, irs, job, Law, Learn, Legal, lenders, liens, Links, Listings, Live, loan, loan modification, Loans, Local, low, Main, maintenance, Make, market, Media, money, MoneyHL, More, Mortgage, mortgage lender, mortgage loan, mortgage loans, mortgage payments, Mortgage Rates, Mortgages, Move, Multi-Family, multiple listing service, multiple offers, needs, negotiate, new, new home, NMLS, offer, offers, office, or, Original, Other, ownership, paint, party, payments, place, Planning, plumbing, points, poor, pre-approval, pre-foreclosure, pre-foreclosures, pressure, price, Prices, products, programs, property, property taxes, pros, Pros and Cons, Purchase, Rates, Real Estate, real estate agent, Real Estate Agents, Real Estate Attorney, Real Estate Listings, real estate market, realtor, Realtor.com, Rent, repair, Research, Reverse, reverse mortgage, right, risk, safe, sales, sc, search, searching, Sell, selling, shopping, Shopping for a mortgage, short, Short Sale, simple, Sites, smart, sofi, states, Strategies, studying, Style, Tally, tax, taxes, time, timeline, tips, title, traditional, Treasury, trustee, U.S. Department of Housing and Urban Development, under, upgrades, USDA, VA, value, wealth, Websites, white, will, work, youtube

13 Tips for First-Time Homebuyers in Chicago

March 30, 2023 by Brett Tams
Chicago neighborhood

If you’re a first-time home buyer in Chicago, our expert guide can help you navigate the complex process of purchasing your dream home in the Windy City.

The post 13 Tips for First-Time Homebuyers in Chicago appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

Posted in: Market News, Paying Off Debts Tagged: 2, 2023, advice, advice for first-time homebuyers, affordability, agent, agents, al, All, ask, Bank, before, Blog, Broker, brokerages, Budget, building, building wealth, Buy, buy a home, buyer, buyers, Buying, Buying a Home, calculator, checklist, chicago, Chicago agents, Chicago real estate, Children, city, closing, Coldwell Banker, commute, commuting, company, Competition, condo, condos, conventional loan, decision, decisions, diversity, down payment, dream, dream home, driving, earnest money, estate, experience, Family, Fees, FHA, FHA loan, Financial Wize, FinancialWize, financing, first home, first time homebuyer, first-time home buyer, First-time Homebuyers, get started, good, great, guide, home, home buyer, home buyer tips, home buyers, home buying, home search, homebuyer, Homebuyers, Homeowner, homeowners, homes, hot, house, Housing, il, Illinois, interest, interest rate, inventory, investment, Learn, lenders, list, list price, LLC, loan, Local, Local Insights, low, Low inventory, LOWER, Make, making, market, money, More, Mortgage, Mortgage Financing, mortgage lender, Mortgage Rates, Mortgages, neighborhoods, new, offers, opportunity, or, Other, park, pre-approval, price, Prices, Professionals, programs, property, property tax, Purchase, questions, rate, Rates, Real Estate, real estate agent, real estate market, real estate tips, realtor, Redfin, Redfin.com, Research, restaurants, right, rise, risk, room, running, schools, search, Sell, seller, selling, shopping, single, single-family, single-family homes, space, Style, suburbs, tax, tax rates, theme park, time, tips, title, tools, traditional, walk-through, wealth, weather, will, work

Newport Beach battles a new breed of luxury party houses: fractional ownership

March 29, 2023 by Brett Tams

Newport Beach has joined a host of destination cities in California moving to regulate fractional home ownership, in which multiple people own a small share of a neighborhood home that’s used as a vacation property.

Posted in: Spending Money Wisely Tagged: 2, 2023, ad, Administration, Advertising, airbnb, All, art, at home, Austin, beach, bedroom, before, Benefits, beverly hills, boats, business, Buy, buyer, buyers, Buying, ca, california, cape, Cape Cod, Cities, city, cleaning, clear, commission, company, condos, country, couple, court, data, decades, deck, Development, dream, Encompass, estate, existing, experience, Family, Financial Wize, FinancialWize, Fraction, fractional, fractional ownership, front, good, Google, history, home, Home Ownership, homeowners, homeownership, homes, horror story, hours, house, hunting, Income, industry, interest, irvine, lake, lake tahoe, Leaders, Legal, Lifestyle, Live, LLC, LOS, Luxury, maintenance, making, man, manage, market, markets, marriott, mess, mistake, model, modern, Monterey County, More, Move, Moving, neighborhoods, neighbors, new, or, Original, Other, outdoor, ownership, pacaso, paint, palm springs, pandemic, party, place, Planning, president, price, property, Purchase, quality, quiet, Real Estate, real estate industry, Regulation, rental, Rentals, Research, Residential, rich, right, safety, san francisco, second, second home, second homes, Secondary, secondary home, Sell, selling, shares, short, short-term rentals, single, single-family, springs, stake, stories, story, Style, The Neighborhood, time, timeshare, town, traditional, Travel, trend, trust, tv, vacation, vacation rentals, vacations, Video, walking, war, will

1081: Facebook Advertising Tips for Real Estate Agents With Andrew Dunn

March 29, 2023 by Brett Tams

Imagine spending $2,500 and earning $250,000 worth of business as a result; that’s the power of Facebook. On today’s podcast, real estate marketing expert Andrew Dunn discusses his strategies for generating low-cost, high-quality leads with Facebook. In addition to breaking down ad costs, he covers ad copy and who to target for best results. Andrew also shares the simple secret to maximizing online-lead conversion. Don’t miss it!

Posted in: Small Business Tagged: 2, 2022, ad, Advertising, agent, agents, All, ask, Beauty, big, brokers, business, buyer, Career, cost, Deals, digital marketing, earning, estate, facebook, Facebook ads, Financial Wize, FinancialWize, great, guests, How To, id, Income, Instagram, job, Learn, Links, Local, low, Marketing, mindset, More, new, one year, or, podcast, property, quality, questions, Real Estate, Real Estate Agents, real estate leads, Real Estate Marketing, Revenue, Review, sales, secrets, shares, short, simple, space, Spending, Strategies, target, tips, tricks, Twitter, value, versus, working

Mortgage rates fall for fourth week in a row – CNN

March 29, 2023 by Brett Tams

Mortgage rates fall for fourth week in a row  CNN

Posted in: Renting Tagged: 2, 2022, 2023, 30-year, 30-year mortgage, affordability, All, Applications, assets, average, Bank, before, betting, bonds, borrowers, borrowing, buyer, buyers, clear, color, Consumers, cost, country, Credit, data, down payment, Economy, expectations, Fall, fed, Federal Reserve, Financial Wize, FinancialWize, first-time buyers, fixed, floor, forecasting, Freddie Mac, George Ratiu, growth, home, Home Price, Homebuyers, homebuying, homes, homes for sale, Housing, Housing market, Housing markets, id, index, Inflation, interest, interest rate, interest rates, investors, job, jobs, Joel Kan, labor market, lenders, loan, low, LOWER, market, markets, MBA, median home price, Mike Fratantoni, money, More, Mortgage, mortgage applications, Mortgage Bankers Association, mortgage market, MORTGAGE RATE, Mortgage Rates, Mortgages, Move, News, or, Other, president, price, Prices, Purchase, rate, Rate Hikes, Rates, ready, realtor, Realtor.com, Research, Sam Khater, short, soaring, Spring, summer, survey, the fed, time, Treasury, Treasury bonds, trends, under, will

Database Mgt., Pre-Funding and Post-Closing QC Tools; NMLS Change? Ag, Non-QM, DSCR, Reverse, Lock Program News

March 29, 2023 by Brett Tams

John F. Kennedy has been gone nearly 60 years, and Jackie Kennedy (Onassis) nearly 30, but the couple still resonates with people. The first home that they owned as a married couple is for sale in Washington DC. If you’re ever in a guessing game about the most expensive places to live in the United States, stick with the safe bets: New York and anything California. Seems the press has latched on to declining home sales, but declining due to high prices, lack of inventory, or lack of buyer’s interest? Other stories indicated increasing home sales, but in certain price ranges, more builder inventory, or continued Millennial first-time home buyer interest? Take your pick. Meanwhile, lenders and originators have their continued regulatory speedbumps. Orrick reports that, “The Conference of State Bank Supervisors (CSBS), on behalf of the NMLS Policy Committee, issued a request for public comments on proposed uniform state licensing standards for mortgage companies. The Proposal: Mortgage Business-Specific Requirements would create a national standard for mortgage industry licensing to help improve uniformity within the state system and streamline the licensing process for mortgagees seeking licensure in multiple states.” (Today’s podcast can be found here and this week it’s sponsored by MGIC. Since 1957, MGIC has insured more than 13.5 million mortgage loans with innovative products, tools and strategies that help customers solve problems and fuel growth. Explore tools and solutions to boost your business here. Listen to an interview with Townstone Financial’s Barry Sturner and Garris Horn LLP’s Richard Horn on the CFPB’s recent judicial failures.)

Posted in: Refinance, Renting Tagged: 1099, 2, 2022, 2023, 30-year, active, actual, advisor, agents, AI, All, allowance, android, app, apple, Applications, Apps, auctions, author, Bank, bank statement, bank statement loans, Banking, banks, Barry Sturner, bedroom, before, Benefits, borrowers, bridge, Broker, brokers, build, builder, builders, Built, business, Buy, buyer, buyers, california, Capital markets, Career, career paths, CFPB, chance, choice, closing, Commentary, Commercial, company, Compliance, condo, correspondent, couple, Credit, Credit risk, credit score, Customer Engagement, Debt, decisions, Delinquencies, Deposits, design, double, dream, DTI, Economy, education, engagement, equity, estate, excellence, expensive, experience, facebook, Fannie Mae, FDIC, fed, Federal Reserve, FHFA, fico, Financial Wize, FinancialWize, first home, first time home buyers, first-time home buyer, floor, Free, funds, gap, Georgia, get started, gift, Google, government, growth, Guaranteed Rate, HELOC, hold, home, home builders, home buyer, home buyers, home loans, Home maintenance, Home Sales, home value, homebuyer, Homebuyers, homeowners, homeownership, homes, house, Housing, Housing market, id, Income, index, indiana, industry, Inflation, interest, interest rate, interview, inventories, inventory, Investor, investors, iOS, iPhone, job, job market, jobs, Land, Learn, legacy, lenders, lending, liquidity, Live, loan, loan officers, loan programs, Loans, locks, low, maintenance, Make, making, manufacturing, market, Marketing, markets, married, MBS, md, Media, meta, millennial, Misconceptions, mobile, Mobile App, model, Monetary policy, More, Mortgage, mortgage loans, Mortgage News, mortgage professionals, Mortgage Rates, mortgage servicing, Mortgages, Most Expensive, Move, MSR, needs, new, new technology, new york, News, NMLS, non-QM, offer, offers, Opinion, opportunity, or, Originations, Other, pa, percent, Personal, podcast, points, poor, portfolio, portfolios, premium, present, price, priced in, Prices, proactive, products, Professionals, programs, projects, property, protect, QC, quality, rate, RATE LOCK, Rates, reach, ready, Real Estate, Real Estate Agents, realtor, Refinance, Regulatory, Relationships, Rent, rental, Rentals, Residential, Revenue, Reverse, reverse mortgages, Review, right, rise, risk, routine, running, safe, sales, Sales Boomerang, second, self-employed, Sell, Senate Banking Committee, Servicing, shares, short, short-term rental, Silicon Valley, silicon valley bank, simple, single, social, Social Media, sofi, Software, states, storage, stories, Strategies, Technology, the fed, time, title, tools, Townstone Financial, traditional, Treasury, Twitter, under, Underwriting, unique, united, united states, update, vacation, value, washington, Washington DC, Webinar, white, will, work, working
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