In the current market of high demand and low inventory, it’s common practice to be outbid numerous times when trying to purchase a home. Therefore, lots of homebuyers are opting to forgo the bidding wars and simply build a house. This can be an attractive option on paper but not necessarily simple. Labor shortages andContinue reading “Rising Mortgage Rates While You’re Waiting For Your Home to Be Built”
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One of the Things that Really Has Annoyed Me About this Market
There’s an old sales adage that states, “The confused mind says ‘no’”. Nothing could be truer when it comes to VA home loans. This has been truly one of the most disappointing things about this two-year run we have had in the market. VA loans seem to be thrown aside as substandard or “risky”. AsContinue reading “One of the Things that Really Has Annoyed Me About this Market”
Why a Bank Statement Loan Could be the Answer to Your Prayers
Not common but a less known type of financing is the bank statement loan. What are they? I got this question from a small business owner recently who was trying to purchase a home. They are essentially a type of loan that allows a buyer to get a mortgage without the traditional documents (taxes, paystubs,Continue reading “Why a Bank Statement Loan Could be the Answer to Your Prayers”
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