26 Sep 2023 9/26/23 – How to calculate hourly workers th... The studio workers are returning to work, and I am happy for them, assuming everything starts soon now that the strike is over. What does that mean if they are getting a loan? The strike was 146 days, 40% of the year, making it difficult for many workers to qualify for a mortgage. Oh, […] Share on Facebook Share on Twitter
21 Sep 2023 9/21/23 – Reverse Mortgages and why They Mak... I spoke with a potential client yesterday, and everybody tells her that a Reverse Mortgage is not a good idea! I always get this, and I have been arguing this with people for over 33 years. A Reverse Mortgage is a tool to get you from retirement to the end of life, and it keeps […] Share on Facebook Share on Twitter
19 Sep 2023 9/19/23 – Free and Clear homes may be the an... I mentioned this a few months ago, but it is time to do it again. The 42% of the homeowners who own their primary residence free and clear are not interest rate sensitive. I mention this because these things move the market, and people willing to buy and sell have to find the house they […] Share on Facebook Share on Twitter
14 Sep 2023 9/14/23 – Payment Per $1,000 I think we can all agree that interest rates will start to drop at some point next year. We have yet to determine when that will be, but I have moved my guess from the spring to the fall. With higher interest rates 7% ish, higher insurance rates, and higher prices, we have to give […] Share on Facebook Share on Twitter
12 Sep 2023 9/12/23 – Commercial and Cap Rates I have been speaking with many agents lately who are expanding their market and taking listings of units or small commercial properties. Then they are asking me how to price it! LOL! I have been asked three times this month, so I wanted to share information about the commercial markets and what a CAP Rate […] Share on Facebook Share on Twitter