Category Archives: Financing

Why Should I Get Pre-Approved BEFORE Finding THE Home I Want? 

Why Should I Get Pre-Approved BEFORE Finding THE Home I Want? If you’re like many clients we speak with, going through the process of getting pre-approved, having your credit pulled, and supplying documentation, seems like too much work until you find THE home you want to buy. In a buyer’s market, where the number of sellers exceed the number of buyers, you can delay pre-approval, and in many cases write an offer and gets accepted by a seller without an … Read more

This Real Estate Bubble – Likely Isn’t a Bubble (11 Data-Driven Reasons Why You Should Buy Your Dream Home Immediately)

This Real Estate Bubble – Likely Isn’t a Bubble (11 Data-Driven Reasons Why You Should Buy Your Dream Home Immediately) If you’re like many clients I speak with, you probably believe we are on the brink of a real estate crash and you are asking yourself if you should try to time the market or buy now.  Here are a few of the common myths about the current real estate situation that many people believe: Prices are at an all-time … Read more

The Behind the Scenes of how Mortgage Lenders , Brokers, and Realtors get Paid – What you Don’t Know Might Surprise You! 

If you are like many of the clients we work with, you’re likely unclear how mortgage and real estate professionals are paid.  You might even assume that because you are a doctor, the eyes get big and the real estate or mortgage person you are working with only sees dollar signs, and since this is not your area of expertise, you may have some concerns. Here are a few comments we hear from clients regularly: “I’m not going to use … Read more

This Real Estate Bubble – Likely Isn’t a Bubble

This Real Estate Bubble – Likely Isn’t a Bubble: 11 Data-Driven Reasons Why You Should Buy Your Dream Home Immediately Earlier this year I sat as an attendee at the WCI conference, also known as the Physician Wellness and Financial Literacy Conference in Park City, UT.  I was approached by a physician attendee who recognized me and asked: “Josh – when will the real estate bubble pop?” He went on to explain that his young family had outgrown their home and were … Read more

Americans Sitting on Trillions of Tappable Equity

Like many of our clients, you are likely sitting on a substantial amount of equity in your home after the last few years of near record appreciation.  Maybe you’re asking yourself if there is a way to tap that equity and use it in a more economically productive way (more on that below).  Black Night just reported that Americans are sitting on a record amount of tappable equity, currently estimated to be in excess of $5,420,000,000,000 ($5.42 Trillion in tappable … Read more

Can I Use My Home Equity for a Down Payment?

“Can you use a home equity line of credit as a down payment to purchase a new home or a new investment property?” That’s a question we get all the time, and the simple answer is yes. That is absolutely an allowable source of funds. Most mortgage underwriting guidelines will allow you to borrow money to be used for a down payment, provided that that money is securitized or collateralized by an asset. If you have a free and clear … Read more

17 Day Close Guarantee!

It’s no secret that there is a massive shortage of housing across the country. As a partner, we think it’s our responsibility to help you get your offer accepted in a really competitive real estate market. We work very closely with your real estate agent to make sure that we craft the most competitive offer humanly possible. The question we ask ourself is, if we put ourselves in the seller’s shoes, what could we do to make them feel the … Read more

Rent Vs Buy, What’s Your Best Option in Today’s Market?

I just had a phone call with a client who asked the question: “Josh, we have about 10% to put down and we’re trying to figure out should we wait another year so that we have saved up 20% for a down payment, or should we go ahead and buy now?” I said, “Well that’s a great question. Before I answer the question, let’s think about what kind of a market we’re in and what might change between 2018 and … Read more

History of Mortgage Interest Rates & Why We Shouldn’t Worry

History of Mortgage Interest Rates & Why We Shouldn’t Worry As I write this in March 2018, interest rates are rising and may hit the 5 percent* mark this year. This trend is not slowing down and the days of 3 percent mortgage rates, which we have enjoyed since 2012, are likely gone for a very long time. When examining historical interest rates, the 5 to 6 percent range is actually a good deal! Starting back in the early 1970’s, … Read more

Five Mistakes to Avoid When Purchasing Your New Home.

You may be ready to take the next step in your life and purchase your first home. You may even be ready to move on to a newer home. No matter the case, there are several things that you must do before you move into that beautiful new home. Things like finding a realtor, finding the home, securing financing, saving for a down payment, and many others. With all of those variables, there are some roadblocks and potential mistakes to … Read more

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