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Like a bad fringe in need of a trim, your finances may be overdue for a glow-up this summer. Your financial six-pack isn't just going to manifest itself! Below, we've tackled a few ways you can boost your personal finances during the frenzy of the summer buying season. With these helpful tips, your economic transformation is sure to catch the eye of sellers, agents, and lenders alike.
Accessibility has come a long way in the real estate industry. Whether it's ASL accommodations during the closing process or home loans that can finance mobility renovations, we're committed to providing a smooth home buying experience, no matter what. We're also highlighting our VA Loan options during the Memorial Week, honoring our Veteran home buyers while helping provide accessible homeownership to hard-working families.
Looking forward to hanging up your new diploma? Why not showcase it on the walls of your new home? As you celebrate your educational milestones this season, you can also jumpstart your journey to homeownership through HomeFundIt™, our down payment gifting platform. Instead of cash and checks from relatives, you can funnel that goodwill towards your future home. Curious how that would work?
A lot of buyers hear the term "seller concessions" and immediately think it just means the seller helping with closing costs. That's part of it, but when used correctly, concessions can become one of the smartest financial tools in a real estate transaction.
Seeing as May is National Moving Month, now is the perfect opportunity to share a helpful overview of the home buying process. A roadmap, if you will! First-time home buyers often find the entire experience daunting, especially if they're qualifying with nontraditional income and may need to provide more paperwork than a W2 borrower. Regardless of the loans you're using and the documentation needed, let's set you up with a clear picture of the mortgage process and drop some tips for your big move.
Picture this: sunlight shimmering off of rolling waves, blanketed by blissful heat, sipping a mango lemonade as condensation drips onto the sand, utterly contented and flourishing in your beachfront paradise. Is this just a faraway fantasy or could this be your future vacation home? Worry not, homeowners, your equity might hold the key to this glittery future.
Happy Earth Week to all you home buyers, homeowners, and sellers out there! With Earth Day on April 22 nd , this annual event provides an excellent opportunity to showcase all the ways that homeowners can go green, whether it's by investing in a compost bin, adding solar panels to their home through a HomeStyle® Energy Loan, or simply installing a bird feeder. And depending on how you define homeownership, you could take today to go out in your neighborhood and pick up trash, donate to a little free library, or discover other ways to positively impact your community that benefits the environment.
If you work with condo buyers or sellers, there are some financing changes coming that are worth knowing about now. A few of these changes may actually make some condo deals easier. But overall, condo financing is going to depend a lot more on the project itself, not just the buyer. That is the part people need to understand early. A buyer can be well qualified and the deal may still run into trouble if the HOA budget is weak, reserves are low, insurance is not where it needs to be, or the project has maintenance issues.
Homeowners, are you ready to unlock ADU potential? With Fannie Mae's recent updates, their new ADU financing rules are opening doors and handing keys to homeowners and investors alike. For those looking to bring in extra rental income or adding a space for family to live close by, you may want to take a peek at these changes and decide if an ADU is a worthwhile investment.
Akin to the abundant rainfall this month, we're here to shower you with tips related to Financial Literacy Month. Much like March's National Credit Education Month, April is the time to take a gander at your finances and reflect on important financial wisdom. Financial literacy is more important now than ever, and for future homeowners, it's vital to build upon the four pillars of financial wellness: budgeting, saving, investing, and borrowing.
Here's a thought: what if you could utilize your equity WITHOUT refinancing? For self-employed earners (small business owners, real estate investors, etc.), we now offer two options through our Non-QM Closed-End Second programs: Non-QM Edge and Non-QM Advantage. Through them, borrowers can tap into their home equity with a standalone second lien and withdraw a one-time lump sum. This repayment provides a fixed interest rate, allowing homeowners predictability with their monthly payments.
For a lot of people applying for a mortgage, one of the most frustrating parts used to happen right after the credit pull. The calls would start. Then the texts. Then the emails from lenders they had never heard of. It felt invasive and confusing. A lot of borrowers assumed their lender had sold their information. In most cases, that was not what happened. The issue was trigger leads, and for years they created a bad experience for homebuyers right when they were trying to make an important financial decision.
