Behind the Shine 5/17/24

    Are you a real estate investor (or an aspiring one) and looking for the right group to help you on your journey? Spartan league is a RE university designed for those with five properties or less-and our female component is strong! If you’ve been looking for the right spark to get you further into the game, comment Spartan below.

    And if you’re a female investor, we have one of the strongest female components in the space. Check us out and start making progress today! Email for more information!

    Conventional: 7.375%

    VA: 6.5%

    FHA: 6.375%

    DSCR: 7.625%

    If you’re in the market for a loan and need assistance, our team at The One Brokerage is here to help. ​Visit our website here​ to explore our loan options and find the right financing solution for your real estate goals and email us at to speak to one of our loan officers.

    For the 2024-25 school year, federal student loan interest rates are set to reach record highs, making college borrowing more expensive than it has been in 16 years. Undergraduates can expect a 6.53% interest rate, up from 5.50%, while graduate and professional students will face an 8.08% rate, up from 7.05%. Parents and graduate students taking out PLUS loans will see a 9.08% rate, up from 8.05%. These fixed rates will apply to new federal student loans starting July 1, affecting millions of borrowers. The increase may drive more students towards private loans, which can have higher interest rates and fewer borrower protections. Higher rates will make college more expensive, with the potential for students to accumulate significant debt. The article recommends minimizing borrowing by exploring scholarships, grants, and work-study programs, and emphasizes the importance of submitting the FAFSA early to access available aid. What do you think this means for the rest of the economy?

    When navigating your real estate transactions, always remember not to immediately accept the first opinion or option presented to you, whether it’s from a contractor, property manager, engineer, or anyone else. Recently, I encountered a situation where a contractor claimed that a certain task couldn’t be accomplished because “that’s what the city said.” This led us to contemplate demolishing a feature on one of my favorite properties because the city deemed it unacceptable. While it’s natural for contractors to want to start a job quickly and begin earning, a simple phone call to the appropriate city contact could have provided us with a different outcome.

    After speaking with the city inspector, she confirmed that she had conveyed the information to our contractor. However, she was willing to consult her superior to explore if there was any flexibility. Following this short process, she informed us that we could proceed as planned, without the need for demolition, and only required a minor adjustment. Though this adjustment would involve revisiting our engineers, it ultimately saved us a significant amount of money that would have otherwise been spent on demolition.

    The lesson here is to never hesitate to ask questions and ensure they are the right ones. Often, the individuals we hire will opt for the quickest and easiest solution that serves their interests. Taking the time to inquire and clarify can lead to more favorable outcomes.

    Alxxmendiola asks “What should I do to buy my first home?”

    Great question! Start by saving up a down payment. Primary residences allow for anywhere from 3.5-5% down. Next email to get preapproved. After that, have us connect you with a RE agent from my network to help represent you finding a property. If you buy a house hack, you’re good. If you buy an investment property, email or DM me to see if I know anyone in the area to help you manage it!

    Last week, mortgage rates hit their lowest point since April, yet homebuyers are still finding it challenging to afford homes in the current market. Consequently, mortgage demand remained stagnant at a sluggish pace, with total application volume increasing by just 0.5% from the previous week. The average contract interest rate for 30-year fixed-rate mortgages decreased to 7.08%, prompting a 5% increase in applications to refinance home loans. However, applications for mortgages to purchase homes dropped by 2% for the week, largely driven by a 9% decline in FHA applications, which are popular among first-time or lower-income buyers due to their smaller down payment requirements. Despite the slight decrease in rates, mortgage rates are still considerably higher than they were a year ago, and the tight inventory of homes for sale continues to impact the market. Looking ahead, all eyes are on the upcoming consumer price index report, as another read on inflation could influence the Federal Reserve’s next move on interest rates.

    If you’re curious about what kind of rates you can get, email us at

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