2022’s Loan Limit Increase on Reverse Mortgages and Its Potential Impact
No matter what stage of life you’re in, there’s usually a neighborhood you’ve got your eye on. One that’s a bit too expensive for you right now, but you’d love to live there. Except here’s the thing, there IS a way you can possibly get into that neighborhood TODAY, without waiting, using a 203k home
You may now be able to purchase property in New Orleans or along the MS Gulf Coast without having the perfect tax returns or debt to income ratio using what’s called a Non-QM (or non-qualifying mortgage)! Whether you are self-employed and prefer to use bank statements to qualify for a loan, are looking to purchase
Breaking News in Louisiana: You may be eligible for a grant of up to $10,000 to upgrade your roof to a Fortified Roof and improve your home insurance options at the same time! Introducing: Fortified Roofing As locals know, Louisiana faces more than our fair share of natural disasters every year such as hurricanes and
2023 will be off to a great start for homebuyers with the news that the Federal Housing Association (FHA) is increasing the loan limit for certain mortgage loans. That means more buying power for you, and a better chance at being able to buy your dream home in the new year. But what exactly does
Buying a “move-in ready” home these days is not as simple as it used to be. Sellers are fielding multiple offers on almost every listing and usually getting topdollar. Even if you sell your home for a great price, you still become a buyer on the next transaction. So how do you find a great
Summer is finally here. And since summer is when many people take a bit of a breather, I thought it would be a good time to address the elephant in the room: Affordability While our seller’s market seems to be cooling just a bit, we’re seeing the combination of inflation, rising prices, rising insurance and
2022’s Loan Limit Increase on Reverse Mortgages and Its Potential Impact
For the fifth year in a row, the Federal Housing Administration (FHA) is increasing its loan limits; this time, to $970,000 for reverse mortgages in the new year. The proposed increase will reflect on areas that typically have higher-than-average home values. In the public statement above, the average home value, in this case, would surpass
New Year, New Goals, Bigger Loans in 2022
If you’re like me, you’ll be looking forward to a little rest and relaxation time this holiday season. Everyone I know in the real estate space has been working long hours to help clients buy, sell or refinance property this year. While celebrating records or personal bests are fun, this is the time of year
This year we REALLY celebrated the beginning of a New Year, even without fireworks in the French Quarter. Yes, 2020 is finally behind us. But are the real estate market conditions created in 2020 staying put despite the calendar change, or will 2021 be a year of change? Here are 3 key areas we’re watching,
This Unexpected Group Is Boosting the Post-COVID Housing Market
Millennials are labeled a lot of things. Entitled, assertive, frank, picky, socially conscious, choosy consumers, achievement-driven, masters of work-life balance, tech-savvy, foodies, impatient, and intellectual, to name a few. But there’s one label in particular they’re about to lose since the onset of the pandemic and its overhaul of Americans’ lifestyles – perpetual renter. Eight