From “Someday” to “Soon”: How Aspiring Buyers Are Making Homeownership Work
Homeownership remains a cornerstone of the American Dream. The Coldwell Banker State of the American Dream Report* finds 71% of aspiring homeowners (defined as those who don’t currently own a home but want to someday) are delaying major life decisions, such as marriage, career moves, even pets, until they own a home. For Gen Z, the majority […]
What Do Historical Mortgage Interest Rate Trends Tell Us About What’s Coming Next?
If you didn’t take advantage of the historical low mortgage interest rates over the past several years, you may think you missed the proverbial home buying boat and decide to wait in hopes the market will become more favorable again. Taking a look at trends over the past 50 years as well as understanding why […]
How a Surge in Interest Rates May Actually Benefit You
With the national inflation rate climbing faster than we have seen in over 50 years, the Federal Reserve recently made efforts to curb the upward pace by raising interest rates for the first time in over 2 years. Where this is designed as a positive move to help inflation woes within the next year, it […]
Could Renting Be Your Best Option? The Answer May Surprise You
In 2021 the average rent increase for apartments, duplexes and single-family dwellings was a whopping 14% and even double or more than that amount in the hottest markets…Austin, Texas went up a jaw dropping 40%. Prior to that, from 2017-2019, the average rent increase hovered around 3.4%. Unfortunately, industry professionals say we should prepare for […]
What crypto, NFTs and the rest mean for real estate
Where will you live when we’re all in the metaverse? Putting the ‘real’ back in real estate. Real estate agents are selling property in the metaverse. Buyers are purchasing traditional homes with cryptocurrency. Companies are creating non-fungible tokens (NFTs) as digital titles for real properties. How can you wrap your head around all of these […]
Tips for finding private money lenders to completely fund your investments
To leverage more deals than you have cash for, you can obtain capital from private money lenders. Unlike a traditional mortgage loan, hard money lenders care more about your real estate track record than your credit score. They want to be protected by having a first deed of trust—or the primary mortgage—on the property. That […]
Should You Raise Private Capital for Your Next Investment Project?
Just like private investments are not for everyone, raising private capital is not for every company. However, compared to other funding options, raising private capital is appealing to many small companies looking to take their business to the next level. There are a few reasons for this. Private capital doesn’t cost as much or take […]
HARD VS. SOFT CREDIT INQUIRIES
When you get a copy of your credit report, you’ll see more than just your current and historical credit accounts. You’ll see your payment history, including any payments made more than 30, 60, and 90 days past the due date, along with your account balances and credit limits. You’ll also see credit inquiries. A credit […]
4 Creative Ways To Save For A Down Payment
Your down payment is a huge part of determining your overall home budget. The more you’ve saved for a down payment, the easier your house hunt will be. Here are a few creative ways to save for a down payment: Reduce current expenses — even just temporarily. If you must drop Starbucks for a few […]
Multi-Family Lending Is Set To Hit A New Record Of Over $400 Billion In 2021
Based on a new forecast by the Mortgage Bankers Association, commercial and multifamily mortgage bankers are expected to close $578 billion of loans backed by income-producing properties in 2021, a 31 percent increase from 2020’s volume of $442 billion in the U.S. Total multifamily lending alone, which includes some loans made by small and midsize […]
Something To Look Forward To: Tax Deductions
Sure, your dream home will be its own reward — but the IRS rewards people for home ownership, too. Here are some of the tax breaks that may be available to you once you’ve purchased your home (all tax matters should be reviewed with a tax professional): Purchase Costs Deduction In most cases, you can […]
GEARING UP TO BUY A HOME? 6 FOOLPROOF WAYS TO IMPROVE YOUR CREDIT
Look, we’re not going to sugar coat it: your credit score is important if you want to buy a home. That 3-digit number carries a pretty big weight in the mortgage process. It’s used to help determine your rate, not to mention your eligibility for a home loan in the first place. The good news […]