💰Let’s Talk About Jumbo Financing💰
For those million dollar homes, a mortgage is much more achievable than you may think. Conforming Loan Limits have just increased, and nonconforming products are as competitive as ever!
📲 Give me a call to find out more 🏠 Listing: 100 Raymond Street, RVC 💵 Asking: $1,199,000
4033616 March, 2019
+32 Point Increase
Deleted Time Warner Collection Bal $941
Man Caves have had a lot of attention over the years, but we are now seeing a turn towards the feminine side with the introduction of She Sheds - a unique space dedicated to the individual needs and preferences of each woman, be it for recreation, rest or fun.
#AnotherClosing // 🏠
. @pshank31 — congrats on buying your first home bro! We appreciate you using #HomeTownMortgage ! .
Also- @juliaasykes is a rock star real estate agent. Holler at her if you’re looking for a home in the Atlanta area! PS- She’ll bring you your favorite beer at closing!
Business is always more fun when you work with great friends.
When a client with multiple real estate revenue streams tells you this was the easiest home purchase and mortgage application process he has ever gone through.......10 is the name of the game folks!! Want to know how me and my team always tee up our clients for success? Link and phone number in bio .
📱 312-888-6359, if you are buying a home this year let’s talk!
Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as part of attaining the American Dream.
Millennials have taken longer to obtain traditional milestones than the generations before them, such as getting married, having kids, and buying a home. However, that does not mean that they do not still aspire to achieve those things.
History shows that people tend to buy their first home around age 30. Nearly 5 million millennials will turn 30 in the next two years. This will continue to fuel demand for housing.
This is also one of the many reasons why the millennial homeownership rate has continued to grow over the past few years. 48.4% of Americans between the ages of 30-34 now own a home.
There are over 46 million millennials (33% of the generation) who are considered “Mortgage Ready”,meaning they meet the qualifications to be approved for a mortgage today!
• a FICO Score ≥ 620
• a Back-End Debt to Income Ratio ≤ 25%
• no Foreclosures or Bankruptcies in the last 7 years
• no severe delinquencies in 1 year
Rob Chrane, CEO of Down Payment Resource, commented on the findings of the report,
“We now know there are millions of buyers with the income & credit necessary to qualify to buy a home. The biggest question is:
Do they know it? …Unfortunately, many renters don’t investigate homeownership simply because they don’t believe it’s an option.”
The good news is that more and more millennials are realizing that they can afford a home now. Even so, more can be done to increase awareness of low down payment programs to attract even more of this generation.
New data from realtor.com shows that in December, millennials accounted for 42% of all new home loans originated in the month. This is more than any other generation.
If you are one of the many millennials who may be “Mortgage Ready” but are unsure what your next steps should be, contact a local real estate professional who can help guide you on your path to homeownership.
Megamerica Mortgage Market Guide 3/20/2019:
Mortgage Bonds are flat to modestly higher ahead of this afternoon’s 1 P.M. CT release of the Fed Statement. The Mortgage Bankers Association reports that mortgage rates continue to hover near 13-month lows. Ahead of the Fed Statement release we are recommending floating to see what the Fed has to say.
Call us today at 210-494-7293 or visit our website www.megamerica.com to save time, money and hassle on your mortgage loan!
Finding gems in our own backyard is the best part of community. Our Villa Fiore project is nestled in the vineyard area of California’s Lodi-Woodbridge wine region. Warmed by the valley sun during the day and cooled by the Delta breezes in the evening, this thriving area has attracted employment, recreation and shopping. Lodi’s vibrant downtown welcomes residents and visitors alike with farmers’ markets, street fairs, art galleries, craft breweries and wineries, shops, bistros and restaurants. So swing by Villa Fiore and visit our friends @rippeyfamilyvineyards too! #ElliottAdvantage 🏡 ⠀
1016 minutes ago
#FactFriday // CONFORMING v. JUMBO
. @stevebeecham and I explain the high-level difference between Conforming and Jumbo loans.
I know, I know...We ain’t right.
For Sale : Stunning two bed bungalow located within Head of Muir , Denny. The property offers stunning kitchen , conservatory and beautiful garden.
For viewings please contact our Larbert office on 01324 552211. Leith Place, Head of Muir
Are you a First Time Home Buyer?
The Canadian Government may take on part of the cost.
This is the gist of the boldest proposal that Budget 2019 puts forth to help more middle-income Canadians fulfill their homeownership dream. •The money would go to first-time home buyers applying for insured mortgages. Borrowers would still have to pony up a down payment of at least five per cent of the home purchase price. On top of that, though, they would receive an incentive of up to 10 per cent of the house price, which would lower the amount of their mortgage.
•For example, say you’re hoping to buy a $400,000 home with the minimum required five per cent down payment, which works out to $20,000. With the new incentive, you could receive up to $40,000 through the CMHC. Now, instead of taking out a $380,000 mortgage, you’d need to borrow only $340,000. This would lower your monthly mortgage bill from over $1,970 to less than $1,750.
•Home owners would eventually have to repay the incentive, possibly at re-sale, though it’s unclear yet how that would work.
•Also, mortgage applicants still have to qualify under the federal stress test, which ensures that borrowers will be able to keep up with their debt repayments even at higher interest rates.
#AnotherClosing // 🏠
Congrats to @jdcarr2011 and @mrosedarr on the purchase of your first home! Thanks again for using #HomeTownMortgage !
One of the most rewarding parts of our job is getting a chance to sit down with people and educate them on the entire home-buying process. We sat down with John and Mary Rose back in February to do this and we had an absolute blast doing so!
We’ll educate YOU on the Home-Buying process too! Just give us a call!
4113 minutes ago
Part of the family dynamics changing is finding a new home for you and your kids. We can help, Plus rates have dropped!
Time to take advantage! Special just for our Vets! Do Not miss out again! Let's talk!
Jon Lam #TheHonestLender
NMLS # 393986
Despite some early setbacks, we remain determined to sell your property. As your real estate professionals, we're prepared to listen to your thoughts on how we can effectively sell your home. After all, YOU know your home better than anyone. Then we’ll apply your input to our overall strategy for the listing. While ultimately the decisions are yours to make, if you allow me the opportunity, we’ll get your home sold.
As your millennial real estate professional, I rely on the Internet and other devices to get the latest market data. If you’d like, I can apply my tech-savvy to help you sell your home for the maximum amount in the minimum amount of time.
Call or email and let’s collaborate on marketing your home!
Phae Dvorin, REALTOR®
🔸License #1862931 NJ
🔸License #RS347390 PA
🔸RE/MAX ONE Real Estate Specialist
🔸☎ Cell 856-359-4783