September 30th, 2013 by admin
Posted in Real Estate |
How will the government shutdown affect your Real Estate business? For one thing it could take longer to close on clients loans if they are getting a federally backed mortgage such as VA or USDA. The USDA program will be frozen during the shutdown. The last shutdown in the 90’s lasted 21 days. That could…
June 5th, 2013 by admin
Posted in Cost vs Price, Interest Rates, Mortgage Interest Rate Deduction, Real Estate, Uncategorized, VA loans |
Tags: bank loan, best mortgage rate, charleston home purchase, charleston investment properties, charleston mortgage broker, interest rates, low rates, mortgage, rising rates
As interest rates begin to rise buyers lose purchasing power. Here is another opportunity to educate your buyers or fence sitters to help them understand the cost of waiting. Simply stated, for every 1% interest rates rise, a buyer will lose 10% purchasing power. With a rate of 4.25% on a 200,000 loan, the payment…
August 4th, 2011 by admin
Posted in Interest Rates, Real Estate |
4% rates are here! Make sure to tell all your buyers they should act quickly before the 4% rates disappear. The passing of the debt ceiling increase has driven rates down over the last few days and we are seeing 4% rates for many qualified buyers. I would be happy to help any buyers get qualified. Also…