With a significant decline in the stock market, Retirees may have depleted a great deal of their reserves. If over the age of 62 and a Home Owner, why not consider a Reverse Mortgage? This may free up cash, pay off bills, cover future expenditures and provide those reserves that make us all sleep better […]
About Rob McCarthy
This author has yet to write their bio.Meanwhile lets just say that we are proud Rob McCarthy contributed a whooping 11 entries.
Entries by Rob McCarthy
As you know the Federal Reserve lowered rates, specifically the Fed Fund was lowered to 0. This means the bank lending rate has dropped, lowering rates at the street level at tad, but no-where near where they were weeks ago when rates were lower. Rates are still up because of the following… Lenders are slammed […]
Rates dipped a few weeks ago however rates went up for the following reasons: Lack of Real Estate Inventory for Sale (1 month or less inventory in some areas) Low Unemployment (at 3.6%) Lenders took to much business in. Government offices are closed delaying purchases and refinances. Market Volatility – Lenders don’t know how to […]
Recently rates dropped, but that didn’t last long. Numerous economic reports (see report below) came out showing positive signs that the economy will “steam” forward coupled with the Federal Reserve’s statement that they have “no plans on increasing rates in 2019” means one thing in the near future…Higher Values and Higher Rates! (Rates tend to increase when […]
Fed Rates Climb, Interest Rates Drop! For more info, click on this link. http://www.mmgweekly.com/w/index.html?SID=86df7dcfd896fcaf2674f757a2463eba
Just had an interesting question from a client… Does a refi and the appraisal required to do a refi, trigger a re-assessment. It does not. See below for more info.
Many of my clients have been asking why we are recommending hybrids (5/1, 7/1 and 10/1) over fixed rate mortgages (30 year & 15 year fixed loans).
Some lenders provide great rates but lack service. Some lenders provide great service but lack good rates. At 101 Loan, we provide both but when it comes to making an offer on your behalf, we go the extra mile to ensure your offer is the strongest possible in the eyes of the seller. This includes […]
In the last few months, we have been writing and teaching quite a few seminars at local libraries and local companies on the following topics:
There are 99 factors affecting the current housing market, but tariffs ain’t one? Consumers seem to ignore threats of a trade war as consumer confidence soars. But what does that mean for the housing market? This issue answers that question and more, including: