True or False: You Can’t Lock in Unless You Have a Property…FALSE
FALSE! A bank told my client they can only lock in when they find a property. That may be true for the bank that doesn’t want to take the risk, but we PROTECT your buyer. So it’s FALSE. We have lock and shop rates where we can lock in up to 90 days. This is especially...
Mortgage Interest Rates for 8.15.14
Economic news: Again a fairly quiet week, but with a few indicators that the upward pressure is off. We had the highest unemployment figures since late June with 21,000 filings. Retail sales were a downer, disappointing the market. Consumer purchasing is 65-70% of...
True or False: You Can’t Have More Than 1 FHA Loan at a Time…FALSE
FALSE! With homebuyers feeling confident about the real estate market again, they are wanting to “move up”. Problem is, money. So they think they can do FHA 3.5% down. RIGHT. But they already have an FHA loan. WHAT to DO? Well, if their family has grown, or they are...
Mortgage Rates for 8.8.2014
Your Weekend Rate Sheet: Your buyer’s interest rates can be locked in over the weekend, so if you have a client who is close to having an accepted offer and is nervous about rates we can lock in the interest rate. Remember, we also have thefloat down: if rates improve...