by Brian Johnson | Feb 20, 2019 | Finance, General
You oftentimes hear on the news: “The Federal Reserve raised (or lowered) rates by 25 basis points”. But what does that mean exactly for you as a consumer trying to get a loan on a house? TLDR There’s little to no correlation with mortgage rates. A better proxy to...
by Brian Johnson | Feb 19, 2019 | Finance, General
Loans, and all of their complexity, play a critical role in the home buying process, both for investors and non-investors. While the terminology may seem overwhelming, you can take comfort in the fact that it’s all pretty standard. In fact, all FannieMae loans...
by Brian Johnson | Feb 18, 2019 | Construction
Absolutely, but it’s different than with re-sales. Most builders won’t budge on base price, as it lowers the Average Selling Price (ASP) of the neighborhood, which can devalue the community. Most new communities have an HOA, which will oftentimes impose restrictions...
by Brian Johnson | Feb 12, 2019 | Construction
The whole process of new construction can seem intimidating. While there is definitely a bit more work involved than buying a re-sale home, it is generally pretty straightforward. Additionally, the contract process is simpler, and in the end you get a brand-new home,...
by Brian Johnson | Feb 12, 2019 | Construction
As an investor, you have a few additional due diligence items you need to do to properly introduce yourself to a builder’s sales agent. Tell them that you’re working with a real estate agent (you do have an agent, right?)Tell them that you’re an...
