Check out this blog by Keeping Matters Current. As the current forbearance mortgage relief options come to an end, many are wondering if we’ll face a foreclosure crisis next year. This is understandable, especially for those who remember the housing crisis that began in 2008. The reality is, plans have been put in place through forbearance to ensure history doesn’t repeat itself. This year, homeowners are able to request 180 days of mortgage relief through forbearance. Upon expiration of that timeframe, they’re also entitled to request 180 additional days, bringing the total to 360 days of deferred payment eligibility. As forbearance expires, homeowners should stay in touch with their lender, because creating a plan for the deferred payments is a critical next step to avoiding foreclosure. There are multiple options for homeowners to pursue at this point, and with the right planning and communication with the lender, foreclosure doesn’t have to be one of them. Many homeowners are concerned that they’ll have to pay the deferred payments back in a lump sum payment at the end of forbearance. Thankfully, that’s not the case. Fannie Mae explains: “You don’t have to repay the forbearance amount all at once upon completion of your forbearance plan…Here’s the important thing to remember: If you receive a forbearance plan, you will have options when it comes to repaying the missed amount. You don’t have to pay the forbearance amount at once unless you are able to do so.” When looking at the percentage of people in forbearance, we can also see that this number has been decreasing steadily throughout the year. Fewer people than initially expected are still in forbearance, so the number of homeowners who will need to work out alternative payment options is declining (See graph below):This means there are fewer and fewer homeowners at risk of foreclosure, and many who initially applied for forbearance didn’t end up needing it. Mike Fratantoni, Senior Vice President and Chief Economist at the Mortgage Bankers Association (MBA), explains: “Nearly two-thirds of borrowers who exited forbearance remained current on their payments, repaid their forborne payments, or moved into a payment deferral plan. All of these borrowers have been able to resume – or continue – their pre-pandemic monthly payments.” For those who are still in forbearance and unable to make their payments, foreclosure isn’t the only option left. In their Homeowner Equity Insights Report, CoreLogic indicates: “In the second quarter of 2020, the average homeowner gained approximately $9,800 in equity during the past year.” Many homeowners have enough equity in their homes today to be able to sell their houses instead of foreclosing. Selling and protecting the overall financial investment may be a very solid option for many homeowners. As Ivy Zelman, Founder of Zelman & Associates, mentioned in a recent podcast: “The likelihood of us having a foreclosure crisis again is about zero percent.” Bottom Line If you’re currently in forbearance or think you should be because you’re concerned about being able to make your mortgage payments, reach out to your lender to discuss your options and next steps. Having a trusted and knowledgeable professional on your side to guide you is essential in this process and might be the driving factor that helps you stay in your home. The post Why the 2021 Forecast Doesn’t Call for a Foreclosure Crisis appeared first on Keeping Current Matters.

Check out this blog by Keeping Matters Current. As the economy recovers from this year’s health crisis, the housing market is playing a leading role in the turnaround. It’s safe to say that what we call “home” is taking on a new meaning, causing many of us to consider buying or selling sooner rather than later. Housing, therefore, has thrived in an otherwise down year. Today’s high buyer demand combined with low housing inventory means we’re seeing home prices appreciate at an above-average pace. This demand is being driven by those who want to take advantage of historically low mortgage rates. According to Freddie Mac: “The record low mortgage rate environment is providing tangible support to the economy at a critical time, as housing continues to propel growth.” These factors are driving a positive impact on the economy as a whole. According to the National Association of Realtors (NAR), the real estate industry provided $3.7 billion dollars of economic impact to the country last year. To break it down, in 2019, the average newly constructed home contributed just over $88,000 per build to local economies. Across the country, real estate clearly makes a significant impact (See map below):In addition, last week, the Bureau of Economic Analysis announced the U.S. Gross Domestic Product increased at an annual rate of 33.1% in the 3rd quarter of this year, after decreasing by 31.4% in the second quarter. There’s no doubt the growing economy is being fueled in part by the soaring housing market. Experts forecast this housing growth to carry into 2021, continuing to make a big impact on the economy next year as well. Bottom Line The American Dream of homeownership has continued to thrive in the midst of this year’s economic downturn, and “home” has taken on a new meaning for many of us during this time.  Best of all, the housing market is making a significant impact as the economy recovers. The post Real Estate Is a Driving Force in the Economy appeared first on Keeping Current Matters.

Check out this blog by 719Lending You may have heard blips on the news about the federal interest rate. It can go up, down, or stay flat. While the immediate impact of these changes are not of interest to most consumers, the fed rate can have a long-term effect on the mortgage industry and your future home purchase. What is the fed rate and what impact does it have on your mortgage? Understanding the Fed Rate The federal interest rate is set by the Federal Reserve Bank and is the interest rate that banks use to lend to each other from within their reserves. It is set by the Federal Open Market Committee (FOMC) and potentially adjusted eight times each year. When the economy slows down or experiences a recession, the fed rate tends to be adjusted down. This is meant to encourage banks, lenders, and ultimately consumers to spend more and put more money into the economy. On the other side, when the economy is on a rapid upswing, the Fed will raise the fed rate in an attempt to slow and stabilize the economy. The Fed Rate and your mortgage The impact of the fed rate raising or lowering can generally be seen in credit card interest rates pretty quickly. Because credit card interest rates are linked to the prime rate (the lowest interest rate that banks offer to their customers with the best credit), which is linked to the fed rate, these rates go up and down with the fed rate. Mortgages, however, are longer-term products and many have fixed rates over their 30-year term. The interest rate that you are able to get for a fixed 30-year mortgage will not change in those 30 years. So even if the fed rate goes up or down within that time, your mortgage is not impacted. While the fed rate does not impact the mortgage industry as much as others, a healthy economy will have an impact on lenders willingness to loan money to home buyers. If rates decrease during your mortgage term, you may be able to refinance to the lower rate. Many factors go into that decision, including how much longer you have to pay off your current loan, the equity that you have in your home, and your overall financial stability and credit. The post The Impact of the Fed Rate on Your Mortgage appeared first on 719 Lending.

Check out this blog by Keeping Matters Current. According to the U.S. Census Bureau, median rent continues to rise. With today’s low mortgage rates, there’s great opportunity for current renters to make a move into homeownership that stretches each dollar a little bit further. While the best timeline to buy a home is different for everyone, the question remains: Should I continue renting or is it time for me to buy? The answer depends on your current situation and your future plans, so here are some thoughts to help you decide if you’re ready to own a home of your own. 1. Rent Will Continue to Increase This is one of the top reasons why renters decide to move because in most cases, rent will continue increasing each year. As noted above, the U.S. Census Bureau recently released its quarterly homeownership report, and as the graph below shows, median rent is climbing year after year. When you own a home, you’ll lock in your monthly payment for the life of your loan, creating consistency and predictability in your payments. 2. Freedom to Customize This is a big decision-making point for many people who want to be able to paint, renovate, and make home upgrades. In many cases, landlords determine all of these selections and prefer you do not alter them as a renter. As a homeowner, you have the freedom to decorate and personalize your home to truly make it your own. 3. Privacy When renting, your landlord has access to your space in case of an emergency. If you own your home, however, you’re the one to decide who can come inside. Given today’s health concerns around the pandemic, this may be a growing priority for you. 4. Flexibility for Relocation If you’re renting, it may be easier to move quickly should you have a job transfer or simply decide it’s time for a change. When you’re a homeowner and need to sell your house, this might take a little more time. Today, however, with the housing market’s low inventory, this may no longer be the case. Homes are selling at a record-breaking pace, so you may have more flexibility than you think. 5. Building Equity When you pay your rent, your landlord earns the equity the property gains. If you own your home, the benefits of your investment go directly toward your net worth. This is savings you’ll be able to use in the future for things like sending children to college, starting a new business, buying a bigger home, or simply downsizing to save for retirement. 6. Tax Advantages When you own your home, there are additional advantages that work in your favor as well. You can deduct things like your property taxes and mortgage interest (Always make sure you check with your accountant to see which tax-deductible benefits apply to your situation). When you rent, however, the tax benefits are directed to your landlord. Bottom Line It’s up to you to decide if you’d prefer to rent or buy, and it’s different for every person. If you’d like to learn more about the pros and cons of each, as well as resources to help you along the way, contact a local real estate professional to discuss your options. This way, you can make a confident and informed decision with a trusted expert on your side. The post Rent vs. Buy: How to Decide What’s Best for You appeared first on Keeping Current Matters.

It’s that time of year again. Yes the infamous time of year for all business owners to sit down, assess what happened with their business this past year and to look to the future direction of their businesses. For real estate professionals it’s a time to also celebrate our clients, our preferred partners and all of the people that have referred us business. We look forward to breaking bread, saying cheers and seeing what everyone is up to. This year will have a different feel to it all around as we go into our Holiday Season with a little less party preparation and little more figuring out how we’re going to celebrate from a distance. And yet.. the show will go on. We will continue. 2021 Social Business Planning – Franke Johle Fearlessly Authentic Coaching Leads a 4 part coaching series webinar Over the past month at EXIT Realty Mountain View we’ve been hard at work putting together or 2021 Vision Boards, Path to Profitability Worksheets and working through each associates individual plan for 2021 business development and growth. Vision Boards 2021 “As the Owner of the Company I have the incredible opportunity to sit with each and every associate and feel their passion for what they do. It’s an honor that I take very seriously and I am incredibly grateful to each of these individuals who give me their time and focus, to make dreams come true not only for their clients, but themselves and their families. When I am business planning for the company, I can’t imagine not having a little part of each of their plans incorporated into the huge things that EXIT Realty Mountain View will do in 2021.” Brandy Brown, Broker/Owner Writing an effective business plan can be a daunting task. We’ve added a few things we think you need to know when formulating your plan. We’ve gathered different pieces from all around the industry including Brian Buffini, Tom Ferry, NAR and our very own EXIT Realty Corp. International. Writing Your Plan STEP 1: Find a place away from disruptions to focus. Some people book time away from home to work on their plan. STEP 2: Define your Company Mission Statement. For real estate professionals that could be anything from your niche, to real estate you specifically sell to location you sell in. STEP 3: SWOT Analysis: Oh yes every business owner needs to know their strengths, weaknesses, Opportunities and Threats in order to plan for anything that comes their way. This gives each business owner the opportunity to grow the strengths, and handle the threats internal and external to their business. For example we know time blocking is an important part of a real estate professionals day. We also know that this is an area that a vast majority of real estate professionals struggle with. STEP 4: Set Goals and what you are going to do to implement the goals. Specific procedures to make them happen. STEP 5: Set a Marketing Plan and Business Budget. One of the single most overlooked and overshot parts of a business are it’s marketing budget and it’s overhead budget. Overhead should be close to fixed and shouldn’t change month to month typically. The marketing budget needs to be in line with your goals and your bank account. STEP 6: Get an accountability partner or a coach or a mentor to help you review and implement your plan. STEP 7: Review your plan at least once a month to check targets and adjust if necessary. If you’d like to learn more about developing your business plan or you are interested in opportunities with EXIT Realty Mountain View please call Brandy Brown, Broker/Owner directly at O: 719-375-3864 | C: 719-373-9864 or click here for your confidential interview. Here are some of our favorite resources for business planning: https://www.nar.realtor/writing-a-business-plan#section-166103 https://pages.tomferry.com/goal-setting-guide-offer/ https://buffinico.blob.core.windows.net/downloads/documents/resources/WinTheDay_Resource.pdf

Check out this blog by Keeping Matters Current. Tomorrow, Americans will decide our President for the next four years. That decision will have a major impact on many aspects of life in this country, but the residential real estate market will not be one of them. Analysts will try to measure the impact feasible changes in regulations might have on housing, the effect of a possible first-time buyer program, and any number of other situations based on who wins. The housing market, however, will remain strong for four reasons: 1. Demand Is Strong among Millennials The nation’s largest generation began entering the housing market last year as they reached the age to marry and have children – two key drivers of homeownership. As the Wall Street Journal recently reported: “Millennials, long viewed as perennial home renters who were reluctant or unable to buy, are now emerging as a driving force in the U.S. housing market’s recent recovery.” 2. Mortgage Rates Are Historically Low All-time low interest rates are also driving demand across all generations. Strong demand created by this rate drop has countered other economic disruptions (e.g., pandemic, recession, record unemployment). In addition, Freddie Mac just forecasted mortgage rates to remain low through next year: “One of the main drivers of the strong housing recovery is historically low mortgage interest rates…Given weakness in the broader economy, the Federal Reserve’s signal that its policy rate will remain low until inflation picks up, and no signs of inflation, we forecast mortgage rates to remain flat over the next year. From the third quarter of 2020 through the end of 2021, we forecast mortgage rates to remain unchanged at 3%.” 3. Prices Continue to Appreciate The continued lack of supply of existing homes for sale coupled with the surge in buyer demand has experts forecasting strong price appreciation over the next twelve months. 4. History Says So Though it’s true that the market slows slightly in November when it’s a Presidential election year, the pace returns quickly. Here’s an explanation as to why from the Homebuilding Industry Report by BTIG: “This may indicate that potential homebuyers may become more cautious in the face of national election uncertainty. This caution is temporary, and ultimately results in deferred sales, as the economy, jobs, interest rates and consumer confidence all have far more meaningful roles in the home purchase decision than a Presidential election result in the months that follow.” Ali Wolf, Chief Economist for Meyers Research, also notes: “History suggests that the slowdown is largely concentrated in the month of November. In fact, the year after a presidential election is the best of the four-year cycle. This suggests that demand for new housing is not lost because of election uncertainty, rather it gets pushed out to the following year as long as the economy stays on track.” Bottom Line There’s no doubt this is one of the most contentious presidential elections in our nation’s history. The outcome will have a major impact on many sectors of the economy. However, as Matthew Speakman, an economist at Zillow, explained last week: “While the path of the overall economy is likely to be most directly dictated by coronavirus-related and political developments in the coming months, recent trends suggest that the housing market – which has basically withstood every pandemic-related challenge to this point – will continue its strong momentum in the months to come.” The post 4 Reasons Why the Election Won’t Dampen the Housing Market appeared first on Keeping Current Matters.

EXIT Realty Corp. International is on the cutting edge of all things real estate. Please enjoy these blogs available exclusively from EXIT Realty Corp. International. Over the course of six months, Kirk Groombridge, Broker/Owner of EXIT Realty CK Elite, Brokerage, in Chatham, Ontario, and the associates of the office put […] The post EXIT Realty CK Elite, Brokerage and the Spirit of EXIT Helping to Make Dreams a Reality appeared first on Real Estate Industry Leaders.

Check out this blog by 719Lending The spookiest time of year is a great opportunity to show your spirit with your home décor. Here are a few frightfully fun ways to haunt your home inside and out this Halloween. Cobwebs: Welcome real or fake eight-legged friends with cobwebs draped over your bushes, front porch, or garage. You can find white webbing at most craft stores and pull them apart to customize a large or small spider web. Make sure to clean up once the season has finished to keep your decorations environmentally-friendly. Spooky lighting: Changing out your normal porch light with a festive purple, green, or orange light can make your Halloween sparkle. Pumpkins: Nothing says Happy Halloween like a cheery jack o’lantern smiling back at you. You can go traditional with a toothy grin or get more creative using a stencil. Don’t limit yourself to Halloween-themed pictures. You can also carve the logo of your favorite sports team, a beloved character, or your family’s monogram. If you can imagine it, you can carve it! Paint and cardboard: You can use leftover paint and cardboard to create all kinds of décor for your yard. Fake tombstones, monsters, and ghosts are all popular choices. Attach a paint stir stick or board to the back to prop them up. If you have a saw, you can make your shapes out of plywood and use them year-after-year. Decorating your home for the holidays is a fun way to celebrate for many homeowners. You can customize your décor to fit your tastes, space, and traditions. You don’t need to have a ghost in residence to bring the Halloween spirit to your neighborhood. But if you do have a ghost nearby, these decorations will make them feel right at home. The post Haunting Your House for Halloween appeared first on 719 Lending.

We work up an appetite, even working from home right? I know 2020 has not gone as planned for most of the world. Working from home can be just as stressful as commuting to work daily. Pajamas are definitely a plus though. If you are social distancing, why not bring the best of Colorado Springs home? Here are the top 5 local places to eat in 2020. Lake Terrace Dining RoomCarlos BistroPenrose RoomUrban EggUchenna Lake Terrace Dining Room is located at 1 Lake Ave, Colorado Springs, Co 80906. Offering American cuisine, they feature a classic breakfast menu Monday through Saturday, the Lake Terrace Dining Room is the perfect place to start your morning. The restaurant’s elegant ambiance is complemented by an a la carte menu designed to satisfy every appetite. Their enticing selections range from traditional European breakfasts to Colorado specialties and mouth-watering griddle selections.  Carlos Bistro is located at 1025 S 21st Street, Colorado Springs, Co 80904. Carlos’ Bistro and Wine Bar showcases the formidable creativity and passion of Chef-Proprietor Carlos Echeandia. As a native of Peru, Chef Carlos infuses each classic bistro dish with a signature playful twist, much to the delight of our patrons. Each of our internationally-inspired dishes is lovingly prepared using only the finest artisanal, sustainable and organic products available. Our commitment to superior quality ingredients is evident in each bite. Penrose Room is located at 1 Lake Avenue, Colorado Springs, Co 80906. Savor contemporary European cuisine inspired by the seasons at the Penrose Room, Colorado’s only Forbes Five-Star, AAA Five-Diamond restaurant. A classically elegant ambiance with enchanting mountain views and gracious service provides the perfect atmosphere to indulge in artful entrees crafted with the finest seafood, meats, and local produce available.  Urban Egg, a daytime eatery is located at 28 S Tejon St Ste A, Colorado Springs, CO 80903. Locally owned and operated, they has been serving fresh flavors and local favorites to the Front Range since 2002 and continues to lead the way in providing the freshest and healthiest menu items for our guests. They offer the traditional American cuisine for breakfast and lunch. The fruit topped streusel pancakes are very a must try! Uchenna is located at 2501 W Colorado Ave Ste 105 Colorado Springs, Co 80904. They offer a ethiopian cuisine. Prices range from $10-$32. Uchenna was born offering healthy, organic and gluten-free foods inspired by the traditions and history of Ethiopia, Israel and the Mediterranean. Now after 8 years, they continue to prepare their amazing food for lifelong customers and serve everyone they can with nourishment for both their bodies and souls.

EXIT Realty Corp. International is on the cutting edge of all things real estate. Please enjoy these blogs available exclusively from EXIT Realty Corp. International. Brian Fraser, Sales Representative at EXIT Realty Town & Country of New Minas, Nova Scotia, participated in a 40km EXIT Valley Wounded Warriors Training Ride […] The post Riding 40 km, EXIT Realty Town & Country and the Spirit of EXIT Raise Funds for Wounded Warriors Canada appeared first on Real Estate Industry Leaders.

EXIT Realty Corp. International is on the cutting edge of all things real estate. Please enjoy these blogs available exclusively from EXIT Realty Corp. International. By Suzi Ford, Sales Representative, EXIT Inspired Real Estate, Middelburg, FL My affiliation with MOMS for Sight, Inc. and Foundation Fighting Blindness (FFB), stems from […] The post Suzi Ford and the Spirit of EXIT on a Mission to Fight Blindness appeared first on Real Estate Industry Leaders.

Check out this blog by 719Lending One of the first questions that potential homebuyers have about a property for sale is the purchase price. If you have done your research and are ready to buy a home, you likely have a budget in mind. Considering homes within your budget is crucial to being a successful homeowner. What does it mean when a property is listed without a sales price? Residential Real Estate Homes that buyers will live in almost always come with a sales price attached. The most common type of residential real estate transaction is the purchase and sale of single-family homes. Residential real estate also includes the sale of condominiums, vacation homes, and duplexes. When a residential property does not have a price listed, it is likely a high-end property with a steep asking price. You can do some research of nearby listings that are similar size and features (also called comparable properties) to get an idea. Keep in mind that if the property has unique amenities, like extravagant grounds or luxury finishes, it may increase the price even more. The tax assessment is another valuable place to get more information about the value of the home. Commercial Real Estate Real estate that is purchased and sold by people or companies other than the occupants is called commercial real estate. This includes multi-family properties, retail properties, and even land for development. Unlisted prices are more common in commercial real estate for a variety of reasons. Commercial real estate is often valued by how much profit the property generates, which can vary from year-to-year. If the seller is unsure of how much the property is worth, they may list it without a sales price. It may also be a negotiating tactic to get potential buyers to begin sales negotiations at a (potentially) higher price than the seller may have planned. If you see a property that meets your criteria, you can always work with your real estate agent or broker to find out more about the price. The seller likely has a price in mind but may need the negotiations to begin to solidify. You can always ask and move forward after learning more. The post What Price Unlisted Means in Real Estate appeared first on 719 Lending.

EXIT Realty Corp. International is on the cutting edge of all things real estate. Please enjoy these blogs available exclusively from EXIT Realty Corp. International. Craig King III, Owner of EXIT River Rock Realty in Millbrook, Alabama, joined Susan Harrison, SVP with EXIT Realty Corp. International, for a conversation about […] The post Building Homes, Building an Office and Building People Part 1 appeared first on Real Estate Industry Leaders.

EXIT Realty Corp. International is on the cutting edge of all things real estate. Please enjoy these blogs available exclusively from EXIT Realty Corp. International. Craig King III, Owner of EXIT River Rock Realty in Millbrook, Alabama, continues his conversation with Susan Harrison, SVP, EXIT Realty Corp. International, about building […] The post Building Homes, Building an Office and Building People Part 2 appeared first on Real Estate Industry Leaders.

Check out this blog by 719Lending Buying a home is a big step. Once you have a purchase contract in hand, the process turns over to your lender. You will work with your loan officer to get approved for the home loan, called a mortgage. You will likely hear about the underwriters and what they need. What is underwriting and what role does it play in approving a home purchase? What is underwriting? Underwriting is a loan term for the detailed process of collecting and evaluating your financial history to determine your ability to pay back the loan. Each lender can determine individually how much information they need, but it is often dictated by the underwriting process. Common required documents include: Bank statements, usually a few months W-2 or 1099 to show income history Tax returns Investment income records Liabilities, such as car loan, student loans, or credit card statements Should I contact the underwriters? As the buyer, you will likely work directly with your loan officer or processor, who will turn all of your documents over to the underwriters on your file. The underwriters are financial experts and analysts you will look over the information that you provide, as well as evaluate independent information such as your credit score. It is best to communicate directly with your loan officer or the person who is the lead on your file. Keeping all communication through one person can keep things flowing smoothly. Make sure to respond to their inquiries as quickly as possible and provide all documentation in a timely manner to make their job easier. Applying for new lines of credit or moving large sums of money around in your accounts during the underwriting process can slow things down. As the underwriters try to get an accurate, detailed picture of your financial situation, you should try to keep things simple. Keep up with paying your routine bills and payments, but try to avoid making significant changes to your financial picture. If you do (such as making a large payment to an existing loan), be prepared to explain the action and provide new statements. The post What is Underwriting and Why Does My Home Purchase Need It? appeared first on 719 Lending.

We love fall time in Colorado Springs! Anytime of year nothing beats our mountain views, but especially in the fall our mountain range is front and center. You’ll see tree colors changing, showing us that winter is on it’s way and you may notice a slight dusting of snow on Pikes Peak. You’ll know fall is here, the crisp morning air will take your breathe and make you feel like you need a sweater. By high noon, you’ll want to change right into a t-shirt and by 5pm when the sun begins it’s decent behind our Front Range Mountains you’ll want that sweater back. You can sleep with the windows open, but be comfortable all day long without AC. There’s Pumpkin Patches to visit, Haunted Houses to escape from, Garden of the Gods to escape to. So much to do, so much to see, who wouldn’t want to live right here in the most beautiful city in the country. But don’t take our word for it… check it out yourself, and remember #nothingbeatsamountainview

Check out this blog by 719Lending If you have purchased a home, you have likely taken out a loan called a mortgage to pay for the house. Most mortgages have four main components: 1.Principal: This is the amount of money you are borrowing.2. Interest: This is the amount of money you are paying to borrow, usually a percentage of the overall sales price.3. Taxes: This goes to your local and state government to pay for public services and utilities. Taxes can vary by state, city, and even neighborhood.4. Insurance: Almost all lenders will require that you have homeowner’s insurance. These four things combine to make up your monthly mortgage payment. But what if you don’t want to pay as much monthly? This is where an interest-only mortgage becomes an option. An interest-only mortgage eliminates the principal. So your monthly payment will be less. Sounds great, right? It can be, but you should consider your financial position and plan before deciding on an interest-only mortgage. With a traditional mortgage, your monthly payments reduce the amount remaining on your loan. At the end of your mortgage term (often 15 or 30 years), you will own your home, owe nothing to the lender, and have a tangible asset to show for your years of payments. An interest-only loan is usually available for much shorter terms, such as five or ten years. You will still need to pay the principal balance at the end of the loan term. So interest-only loans are great for those who have a lot of cash available to pay off the principal in one lump sum or who plan to refinance or sell their home before their interest-only loan term is complete. In general, a traditional mortgage will be a safer, more reliable way for most homebuyers to purchase a home. The monthly payments will be a little bit higher, but the payments go toward actual home ownership, without the bill of the principal balance looming at the end of 5 or 10 years. Talk with your lender to learn about the various paths to homeownership. The post Pros and Cons of Interest-Only Loans appeared first on 719 Lending.

EXIT Realty Corp. International is on the cutting edge of all things real estate. Please enjoy these blogs available exclusively from EXIT Realty Corp. International. Once again, EXIT Realty Advantage’s top producer, Pam Doak, donated a portion of her commission to Habitat for Humanity Fredericton Area and applied to the […] The post Pam Doak and the Spirit of EXIT Support Habitat in Fredericton appeared first on Real Estate Industry Leaders.

EXIT Realty Corp. International is on the cutting edge of all things real estate. Please enjoy these blogs available exclusively from EXIT Realty Corp. International. Earlier this year, Broker/Owner, Heather Driscoll, and the sales professionals at EXIT Realty Home Partners in Lansing, MI, set aside a portion of their processing […] The post Haven House in Lansing and the Spirit of EXIT Provide Support to Homeless Families appeared first on Real Estate Industry Leaders.

EXIT Realty Corp. International is on the cutting edge of all things real estate. Please enjoy these blogs available exclusively from EXIT Realty Corp. International. By Tami Bonnell, CEO, EXIT Realty Corp. International There are an awful lot of people who are afraid to jump out and try something new […] The post Fear is a feeling, not a fact appeared first on Real Estate Industry Leaders.