This is something relevant to the market that could help buyers and sellers in this competitive real estate space… Lower Rates and Payments in this Market? How? By 101 Loan – 101 Loan LLC dtd 10/26/2022 I recently wrote this article (https://101loan.com/blog/2-1-buy-down-to-lower-rate-and-payment/) on 2 to 1 buy downs (or 3 to 2 to 1 buy […]
Want a Lower Payment and a Lower Rate Below Market…A 2-1 Buydown May be the Trick!…(Read Below for More Info) What is a 2-1 Buydown? A Buydown temporarily reduces the mortgage payment for the borrower. This happens because the seller offers a credit that pays the difference between the full P&I payment and the […]
Over the last 30+ years, I have been providing 3 types of financing to clients… Residential Financing, Commercial Financing and Reverse Mortgage Financing. In that time, I have seen all 3 improve and evolve but the one category that has improved the most is Reverse Mortgages. In the past, when a customer applied for one, […]
It’s been some time since I sent out a newsletter on rates, the market and food for thought in the world of real estate… What’s prompted me to send a report now has a lot to do with rising home inventory, rising interest rates and the Dow Jones, down by 11.32% year to date currently […]
This is something I shared with another client making offers. Just some advice to share with you? With listing inventory this low in the bay area, you should ask your agent/Realtor what they think the property/listing will sell for vs what its worth. Many agents list property below market to get multiple offers and higher […]
Are you over 60, own a home and would like to eliminate your monthly mortgage payment and do the following? Pay off the Current Mortgage Pay off Monthly Debts Obtain Monthly Income Pull Cash Out to Invest Pay Medical Expenses Renovate your Home For “Age in Place” Get Cash or a HELOC for a Rainy […]
*Article prepared by Northwestern Mutual with the cooperation of Chris Welton, Wealth Management Advisor for 101 Loan, 101 Loan LLC.* By Carl Engelking, October 06, 2021 Life insurance can be an important part of your financial planning. With permanent life insurance, in addition to a guaranteed death benefit that is typically tax-free, your policy will […]
Do You Want to Buy First and then Sell After ? Bridge Financing May Be the Answer! Bridge Financing or Collateral Based Financing is a form of financing that allows a buyer of property to buy first (and close) and then sell their existing property later. This allows them to make the strongest offer possible […]
One of the Most Important Things Every Family Should Have… As your wealth increases or your family expands, its so important to have an estate plan also known as a living trust that not only reduces your tax liability as life events occur but also dictates what is to occur when a life event happens. […]
