pensacola-real-estate-agent

[pensacola-real-estate-agent]

Plans are great until you get punched in the face.----- Mike Tyson #stayflexible #dontbesorigid #trainyourself #success #warriorweek #warriorway

[pensacola-real-estate-agent]

WASHINGTON – June 9, 2017 – Government-sponsored financing giant Fannie Mae will ease its requirements next month, raising its debt-to-income ceiling from 45 percent to 50 percent on July 29. The move could pave the way for a larger number of new buyers to qualify for a mortgage, particularly millennials who may be saddled with student loan debt. The debt-to-income ratio compares a person's gross monthly income with his or her monthly payment on all debt accounts, including auto loans, credit cards, and student loans. It also factors in the projected payments on the new mortgage. Lenders see applicants with lower debt-to-income ratios as less at risk of defaulting. Fannie Mae, Freddie Mac, and the Federal Housing Administration have exemptions that allow them to buy or insure loans with higher ratios than the federal rules, which are set at a maximum of 43 percent. The FHA allows debt-to-income ratios of more than 50 percent in some cases. In a recent study, Fannie Mae researchers looked at more than a decade and a half of data from borrowers with debt-to-income ratios in the 45 percent to 50 percent range. They found that a significant number of these borrowers had good credit and were not prone to default. "We feel very comfortable" with the increased debt-to-income ratio ceiling, says Steve Holden, Fannie Mae's vice president of single-family analytics. "What we're seeing is that a lot of borrowers have other factors" in their credit profiles that reduce the risks associated with slightly higher debt-to-income ratios. For example, these borrowers may make higher down payments or have cash reserves of 12 months or more. Many lenders say they're happy to see Fannie loosen up their debt-to-income guidelines a bit. Joe Petrowsky, owner of Right Trac Financial Group in Hartford, Conn, calls the move "a big deal" for potential buyers who are currently being rejected for mortgages: "There are so many clients that end up above the 45 percent debt ratio threshold." But that doesn't mean that anyone with a debt-to-income ratio of below 50 percent will be approved. Borrowers will still be closely vetted by Fannie's underwriting system to examine their complete app

[pensacola-real-estate-agent]

The Impact Your Interest Rate Makes [INFOGRAPHIC]. Some Highlights: Interest rates have come a long way in the last 30 years. The interest rate you secure directly impacts your monthly payment and the amount of house that you can afford if you plan to stay within a certain budget. Interest rates are at their lowest in years… RIGHT NOW! If buying your first home, or moving up to the home of your dreams is in your future, now may be the time to act! #success #realestate #advisor #notjustanagent #expert #adviser #pensacola

[pensacola-real-estate-agent]

There are two kinds of people in this world. The first looks at others who have accomplished things and thinks: Why them, Why not me? The other looks at those same people and thinks: If they can do it, why can't I? One is zero-sum and jealous (if you win I lose). The other is non-zero-sum (there is plenty to go around) and sees the success of others as an inspiration. Which attitude will propel you onward and upward. Which will drive you to bitterness and despair? Who will you be? #success #inspiration #lifebydesign #choice #plentiful #happiness #jealous #envy #dothework #Actions #notexcuses #actionsorexcusescanthaveboth

[pensacola-real-estate-agent]

Mortgage Interest Rates Reverse Course in 2017 To start the year, housing experts all agreed on one thing: 2017 was going to be the year we would see mortgage interest rates begin to rise. After years of historically low rates, and an improving economy, the question wasn’t if they would increase but instead how much they would increase. Some thought we could see rates hit 5-5.5% by the end of the year. However, the exact opposite has happened. Instead of higher rates as we head into the middle of 2017, we now have the lowest rates of the year (as reported by Freddie Mac). Here is a graph of mortgage rate movement since the beginning of the year: TO READ FULL ARTICLE VISIT........ http://bit.ly/mortgage-rates-crazy #Success #Realestate #advisor #notjustanagent #expert #adviser #pensacola #mortgage #loans

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69% of Buyers are Wrong About Down Payment Needs According to a recent survey conducted by Genworth Financial Inc. at the Annual Mortgage Bankers’ Association Secondary Market Conference, 69% of mortgage professionals say that first-time buyers still believe a 20% down payment is necessary to buy in today’s market. Nearly 40% of mortgage industry professionals surveyed believe that a lack of knowledge about the home-buying process is keeping potential buyers on the sidelines. Saving for a down payment is often cited as a huge barrier for first-time homebuyers to make the leap into homeownership. If homeowners believe that they need a 20% down payment to enter the market, they also believe that they will have to wait years (in some markets) to come up with the necessary funds to buy their dream homes. The greatest source of confusion cited in the survey results centered around down payments. The results are broken down in the chart below: TO READ THE FULL ARTICLE VISIT........ http://bit.ly/Buyers-wrong-info #realestate #success #advisor #notjustanagent #expert #adviser #Pensacola

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Can Your Real Estate Agent Answer These Important Questions? Whether you are selling or buying a home, the real estate agent you hire is critical to guaranteeing your family makes the right decision. Most agents can walk you through the process and explain the industry 'lingo,' but you should expect so much more than that. The housing crisis made everyone aware that truly understanding the real estate market is more complicated than it seems. Today, there are many questions your real estate agent must be able to answer to ensure your family is making the right decision. Here are just a few: To View The Full Article Visit........... http://bit.ly/questions-for-your-agent #success #realestate #advisor #notjustanagent #expert #adviser #buyer #seller #stayinformed

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Why Working with a Local Real Estate Professional Makes All the Difference If you’ve entered the real estate market, as a buyer or a seller, you’ve inevitably heard the real estate mantra, “location, location, location” in reference to how identical homes can increase or decrease in value due to where they’re located. Well, a new survey shows that when it comes to choosing a real estate agent, the millennial generation’s mantra is, “local, local, local.” CentSai, a financial wellness online community, recently surveyed over 2,000 millennials (ages 18-34) and found that 75% of respondents would use a local real estate agent over an online agent, and 71% would choose a local lender. Survey respondents cited many reasons for their choice to go local, “including personal touch & handholding, longstanding relationships, local knowledge, and amount of hassle.” Doria Lavagnino, Cofounder & President of CentSai had this to say: “We were surprised to learn that online providers are not yet as big a disruptor in this sector as we first thought, despite purported cost savings. We found that millennials place a high value on the personal touch and knowledge of a local agent. Buying a home for the first time is daunting, and working with a local agent—particularly an agent referred by a parent or friend—could provide peace of mind.” The findings of the CentSai survey are consistent with the Consumer Housing Trends Study, which found that millennials prefer a more hands-on approach to their real estate experience: TO VIEW FULL ARTICLE VISIT........... http://bit.ly/work-with-expert #realestate #success #adviser #notjustanagent #expert #adviser #pensacola #lovefl

[pensacola-real-estate-agent]

#1 Reason to List Your House for Sale, NOW! Buyer Demand Continues to Outpace the Supply of Homes for Sale The National Association of REALTORS’ (NAR) Chief Economist Lawrence Yun recently commented on the inventory: “Last month’s dip in closings was somewhat expected given that there was such a strong sales increase in March at 4.2 percent, and new and existing inventory is not keeping up with the fast pace homes are coming off the market. Demand is easily outstripping supply in most of the country and it’s stymieing many prospective buyers from finding a home to purchase”. The latest Existing Home Sales Report shows that there is currently a 4.2-month supply of homes for sale. This remains lower than the 6-month supply necessary for a normal market, and 4.6% lower than a year ago. The chart below details the year-over-year inventory shortages experienced over the last 12 months: TO SEE FULL ARTICLE VISIT......... http://bit.ly/list-now #success #realestate #adviser #notjustanagent #expert #advisor #pensacola #home

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Did I agree with all of this man's decisions while he was in office? No! Do I think him creating a book and donating all proceeds to wounded veterans is a good cause and this action is pure at heart? Yes! #happymemorialday #veterans #neverforget #dothework #success #president #georgebush #goodatheart #woundedveterans #smallsupport

[pensacola-real-estate-agent]

Do the work or make excuses. Your choice #success #dothework

[pensacola-real-estate-agent]

Well this little one sure is getting comfortable #dog #shitzu #nexttomom #shethinksshesahuman #guarddog

[pensacola-real-estate-agent]

Inventory Challenges Continue! INFOGRAPHIC Some Highlights: After a surge in March, existing home sales and new home sales slowed due to a drop in inventory available for sale in the start-up and trade-up categories. Median existing home prices surged for the 62nd straight month, up 6.0% over last year to $244,800. New home prices slowed as builders have started to turn their focus toward single family, smaller homes. #realestate #success #advisor #notjustanagent #expert #adviser #pensacola #lovefl #happymemorialday #happymemorialdayweekend

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How's the Real Estate Market? Find Out What the Experts Are Saying As we head into summer, it is a great time to review how the 2017 real estate market is doing so far. Here is what the experts are saying: Doug Duncan, Fannie Mae Chief Economist “Positive demographic factors should continue to reshape the housing market, as rising employment and incomes appear to be positively influencing millennial homeownership rates.” Diana Olick, CNBC TO READ THE FULL ARTICLE VISIT........... http://bit.ly/how-is-the-market #advisor #notjustanagent #expert #realestate #adviser #success #pensacola

[pensacola-real-estate-agent]

More Americans Chose to Own a Home Than Rent in Q1 According to the latest report from the US Census Bureau, more Americans chose purchasing a home over signing a lease to rent in the first quarter of 2017. This marks the first time since 2006 that the number of new homeowner households outpaced the number of new renter households. Of the 1.22 million new households that were formed in the first quarter, 854,000 were new-owner households making the jump straight to homeownership rather than renting first. That means that the homeownership rate amongst new households was 70%! This is huge news as the national homeownership rate is currently 63.6% and has only ever come close to this figure in the second quarter of 2004 when the homeownership rate reached an all-time high of 69.2%. A recent Wall Street Journal article pointed to the uptick in first-time homebuyers coming to market as a reason for the jump: To READ THE WHOLE ARTICLE VISIT.........http://bit.ly/buy-first #realestate #homebuyer #advisor #notjustanagent #expert #adviser #success #pensacola #lovefl #millennial

[pensacola-real-estate-agent]

Know anyone looking to acquire a turnkey #realestate rental portfolio in the #pensacola area? Let me know

[pensacola-real-estate-agent]

Is Now a Good Time to Rent? People often ask if now is a good time to buy a home, but nobody ever asks when a good time to rent is. Regardless, we want to make certain that everyone understands that today is NOT a good time to rent. The Census Bureau recently released their 2017 first quarter median rent numbers. Here is a graph showing rent increases from 1988 until today: To Read Full Article Visit ......... http://bit.ly/time-to-rent #realestate #advisor #notjustanagent #expert #adviser #pensacola #wealthbuilder #wealthmanagement