mortgage rates: Hard Money Lenders-Predator or Savior?
- 03/11/19 11:26 AM
There are two myths about hard money lending that I like to address today. One, hard money lending is the best way to get funding for a fix/flip. Two, hard money lender prefers to foreclose on your investment rather than collect the high interest payments. Hard money lending is misunderstood by new investor. It's unfortunate because it can be easy to navigate if understood properly. The myth that hard money lending is the only way to go when buying a fix/flip is inaccurate. There are several sources of funding to seek out first and foremost before selecting a hard money lender. However, after … (0 comments)
mortgage rates: A New Approach-Home of the Flat Rate Commission
- 02/28/19 06:59 PM
Here is a somewhat new concept in the real estate industry-Flat Rate Commission! That is the focus of Fierce Realty Corp based in Bala Cynwyd, Pa. The client will know exactly the fee for us to sell their home and it will be a lot cheaper than a percentage of the sale. The minimun commission on the listing side can go as low as $2500. We also incorporate charitable living as we are rooted and grounded in the communities we served! Reach out to us and learn more about how we are stirring the pot in the real estate industry! … (0 comments)
mortgage rates: You want to buy a home? Do this first...
- 02/16/18 03:39 AM
If a buyer is interested in buying a home, they should start the process 6-9 months before the purchase. It should begin with checking their credit. If any issues are found, they can work on that immediately. However, it takes several credit cycles (every 30 days) for the credit report to update. Credit is one of the 3 C's (credit, capacity, collateral) needed with buying a home and it is very important. Having a good to excellent credit score will determine how much you will pay to borrow money-essentially your interest rate. When reviewing their credit reports, they should be looking … (2 comments)
mortgage rates: Real Estate Math (Boring -but extremely important)
- 03/15/17 03:28 AM
Learning basic math as a buyer, seller, and even a new Real Estate Agent is essential in the success of buying, selling, and working with clients. I came across a website, while helping a new agent in a coaching session on basic real estate math, created by Travis of http://www.basictrainingforrealestate.com/ Travis goes over the essential math knowledge needed for the success of a real estate transaction. Below is a clip of the article written by Travis, that I wanted to share. He explains interest rates, LTV, proration, and debt to income ratio. I know, its boring stuff, but its actually very important information to learn … (1 comments)
mortgage rates: Buy Now! Stop Waiting! You may lose or overpay later!
- 12/07/16 05:46 PM
Now is the time to buy your dream home. Stop waiting! A lost opportunity may cost you! Why buy now? Well, I will give you three good reasons. 1. Mortgage rates are increasing. The rate for a FHA, 30 year fixed is currently at 4.75. Just a couple of months ago, that particular rate was at 3.5. The longer you wait and delay your home purchase, will only cause you to pay more in the end. 2. It's a seller's market. This means that inventory is very low in Philadelphia and surrounding suburbs. As a result, your dream home may go to someone … (4 comments)
There are two myths about hard money lending that I like to address today. One, hard money lending is the best way to get funding for a fix/flip. Two, hard money lender prefers to foreclose on your investment rather than collect the high interest payments.
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