As we enter the last quarter of the year, look at the buydown loans if your listing is sitting. These are great, as many of us feel that rates will be lower. There are multiple types of buydowns from three years down to one year.   A 1-year buydown (AKA 1/0 Buydown) is a 1% […]

I had an appraisal come in yesterday where the Septic and the Termite were both called out, but neither was on the contract. When the appraiser went out, she asked about the Septic and Termite, and the listing agent said they would get clearance on both. UGH! As the world turns, the transaction changed, and […]

Fun Market! OK, I lied, and for many of us, this is the most challenging market we have ever seen! Rates have never moved up this quickly in my 33 years in the business, plus adding the insurance issues to that and what’s next? I will tell you what is next and you will like […]

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, […]

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 […]