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Skyrocketing inflation is raising mortgages, putting first homes out of reach

Skyrocketing inflation is raising mortgages, putting first homes out of reach

by Third Party | Oct 19, 2022 | Mortgage Information, Real Estate Agent Tools, U.S. Housing Market

Source: The Hill —  A new report showing inflation rising again in September is just the latest bad news for new homebuyers, who are increasingly seeing the cost of a first home pushed out of their reach.  The latest news puts lenders, already on edge amid a...
Dave Ramsey Warns of a Dangerous ‘Plot Twist’ You Could Face With Rent-to-Own Homes. Here’s What It Is

Dave Ramsey Warns of a Dangerous ‘Plot Twist’ You Could Face With Rent-to-Own Homes. Here’s What It Is

by Third Party | Oct 19, 2022 | Industry Updates, Mortgage Information, Real Estate Agent Tools

Source: The Motley Fool —  Rent-to-own is one approach to buying a home, but it’s not a conventional approach. Basically, if you opt for a rent-to-own arrangement, you enter into an agreement with a property owner that enables you to purchase the property...
Mortgage rates could continue rise to 8.5%: NAR

Mortgage rates could continue rise to 8.5%: NAR

by Third Party | Oct 18, 2022 | Industry Updates, Mortgage Information, Real Estate News

Source: The Real Deal —  Mortgage rates could climb another 1.5 percentage points, according to a leading economist. National Association of Realtors chief economist Lawrence Yun predicted that interest rates could be on their way to 8.5 percent if they pass a...
Inside Meryl Streep’s Stunning Real Estate Portfolio

Inside Meryl Streep’s Stunning Real Estate Portfolio

by Third Party | Oct 17, 2022 | Mortgage Information, Real Estate News

Source: Architectural Digest —  Because of Meryl Streep’s star power, it may come as a surprise just how relatively normal and low-key her personal life is. The prolific actor, who has been married to sculptor Don Gummer for 43 years and counting, holds the...
Some Real Estate Agencies Are Scrambling To Find Alternative Sources Of Revenue

Some Real Estate Agencies Are Scrambling To Find Alternative Sources Of Revenue

by Third Party | Oct 17, 2022 | Mortgage Information, Real Estate News

Source: Yahoo —  In an effort to boost its revenue, real estate listings giant Zillow Group Inc. started a home-flipping business that it believed would create an alternative revenue stream to just marketing properties online. That strategy didn’t last long...
Wraparound Mortgage: What Is It And How It Works

Wraparound Mortgage: What Is It And How It Works

by Third Party | Oct 16, 2022 | Mortgage Information, Real Estate Agent Tools, U.S. Housing Market

Source: Forbes —  If you’re having trouble qualifying for a traditional mortgage, there may be another financing option available. A wraparound mortgage is a form of seller financing that’s designed to benefit both parties in the purchase. Buyers may have a...
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