The days of multiple above list price offers are slowing down and a whole new potential group of homebuyers are emerging – those wanting to use FHA financing. But what if the home is marketed “as is” – does that leave potential offers out in the cold? Does this mean the seller has to take […]
Divorced Clients and Ways You Can Help
Helping a client sell or buy a home while going through a divorce can be tricky. As their agent, there are several things you can do to assist them in this process. First, they have to want to sell. One spouse may want to sell quickly, and will accept any offer. The other may be […]
Mortgage After Bankruptcy
A bankruptcy to real estate agents is often synonymous with a four year wait, finding a co-signer or a dead deal. At Key Mortgage, we have financing options for your buyers in as little as two years post-bankruptcy dismissal or discharge. There are limitations as to the chapter of bankruptcy, loan type, current credit and […]
Mortgage Rates & The Fed Rate Bump
As anticipated, the Federal Reserve raised the Fed Funds Rate again yesterday by .75 basis points. The purpose is to slow down borrowing, which in turn slows down spending and ultimately the economy – all with the intent of curbing inflation. Although this increase was expected, we’ve received questions and concerns from agents and clients […]
Purchasing a Home in 2023? Esther Phillips Provides Insight
https://www.cryptocompass.com/ought-to-you-purchase-a-home-now-or-in-2023/ […]
Esther Phillips Explains How Rising Interest Rates Affects Mortgages
https://www.housebeautiful.com/design-inspiration/real-estate/a40325606/interest-rate-spike-buyers-market/ […]
Turn Renters into Buyers
The myth that buyers need 20% down to purchase a home may still be preventing renters from entering the home buying market. Even with rising interest rates, now is still the time for renters to become homeowners. Afterall, rents are rising at an alarming pace, so that new mortgage payment may still be less expensive […]
3% Down Program Makes Housing Affordable
Borrowers may qualify for 3% downpayment financing with Key Possible – and it’s not just limited to first-time homebuyers. Some of the highlights of this special financing are: Your borrowers can have additional financed properties. A non-occupant co-borrower may help the buyers qualify for a one-unit property. Downpayment sources are less limited – including family […]
The Short Term & Long Term Impact of Increasing Interest Rates
Two weeks ago, the federal reserve board voted to raise the fed funds interest rate .75% and there’s talks of another hike at the end of July to slow down inflation. One of the strategies the federal reserve can use to tame inflation is to increase interest rates to drive down consumer demand for big […]
What have we learned 6 months into condo financing changes?
Since Fannie Mae and Freddie Mac updated condominium safety and soundness requirements and rules in December 2021, we’ve learned a lot. We wanted to share the ways we can help navigate this topic as well as best practices for you to use to help make you the experts that consumers gravitate towards when it comes […]
