Putting The Home Loan Pieces Together

Putting The Home Loan Pieces Together

There aren’t too many endeavors in life where totally opposite strategies can be equally as sound. But consider these two approaches to real estate investing: – You can buy your home, live in it for decades, raise your family, and end up with a piece of real estate that has greatly appreciated in value over the years. And during those years when its value is increasing, you’re busy enjoying your life. When the time is right, if you want, you can cash in on that value. – In the second approach, you purchase a property that needs a little work. You...
Home Loans and YOUR Credibility

Home Loans and YOUR Credibility

An old friend, on various occasions, was known to say, “I’ve been kicked out of better clubs than this before!” The line never failed to get at least a chuckle from someone within ear shot. Frankly, I don’t know if it was a true statement for my friend, but the phrase often comes to mind when a prospective borrower applies at Evoque Lending after having been turned down for a loan from a “conventional” lender. Banks and other mortgage providers give the thumbs down to a lot of great people. People, in fact, who pose very little risk for a loan. The problem is...
Your Personal Credit And Getting A Hard Money Loan

Your Personal Credit And Getting A Hard Money Loan

All too often, with accepted offer in hand, buyers and real estate agents are forced to play the waiting game while a conventional lender or bank goes through the process of final loan approval. Needless to say there are several differences between these lenders and hard money lenders, but for now, let’s address this one. One of the most fundamental elements in approving a conventional loan is of course the borrower’s credit rating. If you’ve been following the real estate industry over the last several years, you’ll know that regulations have essentially...
Rent Buy Rent Buy Rent Buy Rent Buy…

Rent Buy Rent Buy Rent Buy Rent Buy…

At what point does it make more sense to own a home rather than rent? It’s a question that of course crosses the minds of those who feel that they’re simply throwing their hard-earned money away each month on rent, with nothing more to show for it other than a place to put their stuff and a temporary roof over their head. Feeling like they have no other option, the one thing they lack, and that you and I probably take for granted, is market knowledge. It is our hope that you may be able to take this information, originally published in the OCR, and...
Survey Says Little Mouths Have The Loudest Voice In Real Estate!

Survey Says Little Mouths Have The Loudest Voice In Real Estate!

Children today have more of a say than ever in home buying decisions according to a survey by SunTrust Mortgage released on Monday. The survey, which was conducted by Harris Poll between April 18 and April 20, 2018, among 2,047 adults, found that 55 percent homeowners with a child under the age of 18 at the time when they purchased their home said that the opinion of their offspring played a major role in their home buying decision. For millennial parents, their child’s influence and opinion while buying a home mattered even more. The survey revealed that 74...
How Do  I Get The  Best Rate?

How Do I Get The Best Rate?

Here Is What Your Client Needs To Know We’ll make this short and sweet. It is never about the best rate. It is about the best MATH, period. There is NO other answer than that. So why isn’t the lowest rate the best deal? First, lower rates come with more points and fees. That is not the real issue, however. There is a break-even point to contend with when paying points and fees, tax deductions to figure out. In the case of a purchase loan, points are tax deductible in the year that you pay them. That is good, but then again, so is the interest you think you...