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Tag: Business Development

Featured Posts, Real Estate

Home Buyer: Approved!

Once again the voices of the REALTORS® were heard loud and clear on Capitol Hill, and we scored a big win for future homeowners! Thanks to the more than 139,000 REALTORS®,

or 15% of our members, across the nation, the Housing Opportunity through Modernization Act of 2016, or H.R. 3700, passed the U.S. Senate by unanimous consent, and was signed into law

by President Obama on July 29, 2016. 

This legislation:

          1. Solves a number of concerns regarding FHA’s condo rules:Reduces the FHA condo owner occupancy ratio to 35%, unless FHA takes alternative action within 90 days.

          2. Directs FHA to streamline the condo re-certification process.Provides more flexibility for mixed use buildings.Mirrors the Federal Housing Finance Agency’s (FHFA) rules regarding private transfer fees for FHA condo lending.

          3. Provides permanent authority for direct endorsement for approved lenders to approve Rural Housing Service (RHS) loans.

          4. Makes reforms to federally assisted housing programs to streamline the programs.

On behalf of the NAR Leadership Team, we would like to thank you and your colleagues for this amazing grassroots effort and for all your support for this national Call for Action. 

Our state and local association partners did a great job in leading the efforts to get the U.S. Senate to act on this critical legislation.   This victory was made possible by the collective efforts of the

NATIONAL ASSOCIATION OF REALTORS®, and our state and local association partners. When REALTORS® speak in a single unified voice, Congress listens.

 

Should you have a comment, questions or inquiries just reach us 714.493.2657 or email us at  jflores@homeloansondemand.

We are here for you, every step of the way!

Featured Posts, Real Estate

Home Sales Rebounded Sharply!

There is a lot of upbeat news in the September 2016 existing home sales report released by the National Association of Realtors® (NAR) on Thursday.

Sales rebounded sharply and the improvement was seen in all four regions.  More good news, NAR attributed part of that to increased participation from first-time home-buyers, a group that has worried the housing industry by its relative absence.

Total existing home sales during the month, including single-family homes, town homes, condos, and co-ops, rose 3.2 percent to a seasonally adjusted annual rate of 5.47 million.  First-time buyers accounted for 34 percent of sales, the highest portion in more than four years.

Should you have a comment, questions or inquiries just reach us 714.493.2657 or email it us at:  jflores@homeloansondemand.

We are here for you, every step of the way!

Featured Posts

Home Ownership Rate

Home Ownership Rate in the United States increased to 63.50 percent in the third quarter of 2016 from  62.90 percent in the second quarter of 2016 which it was the same as in 1965, when the US Census started tracking the metric.  Home Ownership Rate refers to the percentage of homes that are occupied by the owner.

What factors drive Home Ownership rate?

There are several factors that will drive Home Ownership Rate, here are just some of those:

Income growth

• Higher rents and housing costs

• Constrained credit

• Loss of confidence in wealth through Home Ownership

Nevertheless, owning a home is a financially savvy move because builds wealth over time,  and in general makes “cents”, and indeed there is no place like Home.

 

 

Should you have a comment, questions or inquiries just reach us 714.493.2657 or email us at  jflores@homeloansondemand.

We are here for you, every step of the way!

Featured Posts

Refinancing your Home Loan could benefit more than you think

One of the largest, singular monthly expenses for the average household in the U.S. comes from Home Loan repayments.   A refinancing loan will essentially see you take out a new loan to cover your previous loan, and while this might sound counter-intuitive, it could actually help you manage your current mortgage and monetary needs more efficiently.

Here are some reasons why:

  • Better interest rates
  • Remove Private Mortgage Insurance
  • Extend your loan maturity day to pay lower monthly installments.
  • Debt and need to consolidate
  • Better Home Loan Programs

Refinancing can offer a way out of high interest rates, unaffordable repayments, and a way into more freed cash. Therefore it’s imperative to review your loan commitments periodically and as a result, get more for your money.

The best way to score a good deal on refinancing mortgages is by simply comparing and shopping around. For quick and effective access to the most attractive rates and loan packages.

 

Should you have a comment, questions or inquiries just reach us 714.493.2657 or email us at  jflores@homeloansondemand.

We are here for you, every step of the way!