Client discussion!
GOOD DEBT! Create a 52% return. Speaking to a client this week about financing an expansion of their income property to generate more monthly income! They say they will get a 52% return on their HELOC loan expansion construction…
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Highly rated by Google Reviews. Real estate loans purchase FHLMC mortgage loans property loan loan FNMA financing knowledge cash out FHA home loans estate financing no income loans stated income loans flexible guidelines experience credit loan modification loan counseling This is not tax or legal counsel, see your advisor for details. Interest rates subject to market conditions. Equal Housing Lender. Walter Brown Jr NMLS ID 256927 wb lending solutions wblendingsolutions walter brown jr #wblendingsolutions #finance #money #realestate #taxwriteoff #divorce #downsizing #excellentrates #interestrate #cosigner #heloc #jointventure
Homebuyer climate today…
… Hot Homebuyer market Intelligence! …
https://www.cnbc.com/2024/01/17/mortgage-demand-surges-more-than-10percent-as-lower-interest-rates-lure-homebuyers.htmlREAL ESTATEMortgage demand surges more than 10% as lower interest rates lure homebuyersPUBLISHED WED, JAN 17 20247:00 AM ESTUPDATED WED, JAN 17 2024AT 7:29 ESTDiana Olick@IN/DIANAOLICK@DIANAOLICKCNBC@DIANAOLICKWATCH LIVEKEY POINTS*
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.75% from 6.81%.* Applications for a mortgage to purchase a home rose 9% for the week.* Applications to refinance a home loan increased 11% compared with the previous week.Another drop in mortgage interest rates caused a run on loans last week.
Total mortgage application volume jumped 10.4%, compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.75% from 6.81%, with points increasing to 0.62 from 0.61 (including the origination fee) for loans with a 20% down payment. That was the lowest rate in three weeks.“Mortgage rates declined across all loan types as Treasury yields moved lower last week on incoming inflation data, which helped to support a rise in mortgage applications,” said Joel Kan, vice president and deputy chief economist at the MBA.Applications for a mortgage to purchase a home rose 9% for the week but were 20% lower than the same week one year ago.
Mortgage rates were about half a percentage point (52 basis points) higher one year ago.
Buyers, however, appeared to be enticed by the recent drop in rates.At an open house in Detroit on Saturday, buyers braved the cold and snow to tour a renovated home that had just gone on the market. The four-bedroom, three-bathroom home was listed at $254,500, a little more than half the national median price but more than twice the Detroit median price. Nakita Bell, who is currently renting in Detroit, said the recent drop in rates prompted her to consider buying.“I know I’m never going to get 4%, but what I don’t want is 9,10, 11 and 12%. It is not a credit card, it’s a house,” said Bell.Lower rates are also giving some current homeowners an opportunity to save money.
Applications to refinance a home loan increased 11% compared with the previous week and were 10% higher than the same week a year ago. While the vast majority of current borrowers have rates lower than those offered today, the recent drop is still having some effect on those whose loans carry higher rates.
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Real estate loans purchase FHLMC mortgage loans property loan loan FNMA financing knowledge cash out FHA home loans estate financing no income loans stated income loans flexible guidelines experience credit loan modification loan counseling This is not tax or legal counsel, see your advisor for details. Interest rates subject to market conditions. Equal Housing Lender. Walter Brown Jr NMLS ID 256927 wb lending solutions wblendingsolutions walter brown jr #wblendingsolutions #finance #money #realestate #taxwriteoff #divorce #downsizing #excellentrates #interestrate #cosigner #partnership #jointventure
Credit report tips…
✅INSIDER CREDIT REPORT INFO:
We were just having a conversation with a client who was concerned about their credit score dropping due to multiple inquiries.
We assured them that inquiries within a 14 day period only count as one.
Here is the industry reference:
CALL US ABOUT YOUR mortgage Plan!
Highly rated by Google Reviews. Real estate loans purchase FHLMC mortgage loans property loan loan FNMA financing knowledge cash out FHA home loans estate financing no income loans stated income loans flexible guidelines experience credit loan modification loan counseling This is not tax or legal counsel, see your advisor for details. Interest rates subject to market conditions. Equal Housing Lender. Walter Brown Jr NMLS ID 256927 wb lending solutions wblendingsolutions walter brown jr #wblendingsolutions #finance #money #realestate #taxwriteoff #divorce #downsizing #excellentrates #interestrate #cosigner #partnership #jointventure
Flashback Friday-
Flashback Friday
CALL US ABOUT YOUR Financial Plan!
Highly rated by Google Reviews. Real estate loans purchase FHLMC mortgage loans property loan loan FNMA financing knowledge cash out FHA home loans estate financing no income loans stated income loans flexible guidelines experience credit loan modification loan counseling This is not tax or legal counsel, see your advisor for details. Interest rates subject to market conditions. Equal Housing Lender. Walter Brown Jr NMLS ID 256927 wb lending solutions wblendingsolutions walter brown jr #wblendingsolutions #finance #money #realestate #taxwriteoff #divorce #downsizing #excellentrates #interestrate #cosigner #partnership #jointventure
Dr. King
Many people today don’t understand how serious Dr. King’s hard hitting non violent justice work was. It was so powerful, that it provoked violent responses. How does that apply to you and I? Read. Think. Act.
Homebuyer workshop. 1/25/24! RSVP now!
RSVP NOW!
HOMEBUYER WORKSHOP EVENT! 1/25/24 – Urban Financial Services Coalition Member Walter Brown, Jr. DE will be one of the panelists for this event!
RSVP IN THE LINK BELOW!
https://www.mysanleandro.community/home_buyers_workshop
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-URBAN FINANCIAL SERVICES COALITION-
Vision
To ensure the full and equitable participation of people of color at all levels in the financial services industry.
Mission
To be the pre-eminent financial services organization that provides professional development programs, supports educational advancement and promotes economic empowerment for its members and minority communities at large.
Chill time
☀️Chill time. Michael and I were out relaxing with a group and had a great conversation about Sausalito and the amazing drop in mortgage interest rates. Michael is a great Attorney.
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Part Two-
PART TWO: Urban Legend: Wealthy people pay cash for their homes. They never use financing. They don’t need financing. (✅PART TWO- SMART ESSENTIALS)
Ans: FALSE
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Highly rated by Google Reviews. Real estate loans purchase FHLMC mortgage loans property loan loan FNMA financing knowledge cash out FHA home loans estate financing no income loans stated income loans flexible guidelines experience credit loan modification loan counseling This is not tax or legal counsel, see your advisor for details. Interest rates subject to market conditions. Equal Housing Lender. Walter Brown Jr NMLS ID 256927 wb lending solutions wblendingsolutions walter brown jr #wblendingsolutions #finance #money #realestate #taxwriteoff #divorce #downsizing #excellentrates #interestrate #cosigner #partnership #jointventure
Urban Myth…
Urban Legend: Wealthy people pay cash for their homes. They never use financing. They don’t need financing.
Ans: FALSE
CALL US ABOUT YOUR Financial Plan!
Gathering “Intel”
Real estate people and properties today. -Visiting in Southern California. Who is on YOUR TEAM? We should be. Contact us to discuss your Financial Plans!
Highly rated by Google Reviews. Real estate loans purchase FHLMC mortgage loans property loan loan FNMA financing knowledge cash out FHA home loans estate financing no income loans stated income loans flexible guidelines experience credit loan modification loan counseling This is not tax or legal counsel, see your advisor for details. Interest rates subject to market conditions. Equal Housing Lender. Walter Brown Jr NMLS ID 256927 wb lending solutions wblendingsolutions walter brown jr #wblendingsolutions #finance #money #realestate #taxwriteoff #divorce #downsizing #excellentrates #interestrate #cosigner #partnership #jointventure
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walter 