29 Oct 2024 10/29/2024 – Can you sell before 2 years? Thank you to those of you who made it to Oktoberfest this year! It was another great turnout, and we had lots of fun. We have been doing Oktoberfest for nine years, and we hope you can make it to celebrate 10 years of Oktoberfest and 30 years at Augusta Financial. Yesterday, I got […] Share on Facebook Share on Twitter
24 Oct 2024 10/24/24 – Some info on Fix and Flips I have been getting requests for fix and flip or fix and rent properties lately, so I wanted to let you know how they work. I will start with each of these loans being unique and based on the home’s ARV (After Repair Value). Once we have a home in place, we look at […] Share on Facebook Share on Twitter
22 Oct 2024 10/22/24 – American Debt I was looking for some inspiration this morning and I looked over what I wrote two years ago! People believe that interest rates will fall in the next 6-24 months. Inflation is no longer the big story, and the economic news is coming in strong, but I really don’t understand why rates are again at […] Share on Facebook Share on Twitter
17 Oct 2024 10/17/24 – Golden Handcuffs with 2.75% rate A client recently expressed frustration about being “stuck in Golden handcuffs” because I helped them secure a 2.875% loan in 2020. They’re in a four-bedroom home but feel cramped with three kids aged 12, 14, and 16 – mainly since Dad works from home and the boys share a room. Here’s the financial situation: […] Share on Facebook Share on Twitter
15 Oct 2024 10-15-24 – Co-Signors We often get clients who can’t qualify for a mortgage for some reason, and the question is asked, “Can they get a co-signor?” The answer is yes sometimes, and then the question is, will the co-signor take them over the top, and what is the effect on a co-signor? A co-signor only works […] Share on Facebook Share on Twitter