Has This Ever Happened to You? You’re buying a car at a dealership. They tell you that your Fico score is 800+ and you will get the lowest rate possible. You order your credit report on Credit Karma and your Fico Score is 820. Then its time to apply for a home loan and after […]
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 […]
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). We don’t recommend locking into long term fixed loans when rates are high. Instead we recommend locking into shorter term fixed loans that still provide stable payments, but […]
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:
Last week I posed the question to financial planners and tax planners if the market we are now in, is similar to 1999 or 2008 and if you remember your history, the following year we had big corrections in the stock market and the real estate market…
