Recently, I’ve been spending a lot of time traveling, meeting new people, and speaking at different events. I just wrapped up speaking in Tulsa, Oklahoma to a mixed crowd of real estate agents, property managers, and investors alike. We did a a VIP session with some special investors followed by the main event where I was able to speak, share knowledge and answer questions from the local investor community. I enjoy doing these events, meeting new people and learning new markets. If you’re interested in having me speak with your local investor group, REIA or real estate agents in your market email help@davidgreene24.com to see if we can work it out!
In April, pending home sales dropped 7.7% from the previous month due to rising home prices and mortgage rates, marking the lowest activity since April 2020. This decline, reported by the National Association of Realtors, fell short of Wall Street expectations and highlights the double challenge of higher mortgage rates and limited housing inventory. The national median mortgage payment increased to $2,256 in April, and experts anticipate better conditions later this year with an expected rate cut by the Federal Reserve.
What happens when you have a rock star agent from the David Greene Team and the best lending brokerage around? You make dreams come true and save loans that would have otherwise been squashed!
Cathy and Ellie are first-time homebuyers. Not only did they purchase their first house, but they also bought a 4-bedroom home with a converted JrADU to offset their mortgage costs. They hit the lottery purchasing their first property, beating out 8 other offers and closing in 21 days with the help of Lindsey Iskierka from the David Greene Team and Christian Bachelder from The One Brokerage.
On day 4 of a 21-day escrow, Lindsey contacted Christian to let him know their current lender had gone dark. Within two hours, The One Brokerage had the loan pre-approved, the loan estimate sent out with actual fees collected from the title, and the appraisal ordered on rush with no additional cost to the client. They had a clear to close in 14 days and honored the 21-day escrow with a day to spare. This was a huge win for the client, not needing to extend escrow or potentially put their deposit at risk.
All the reasons above are why you want to go with an experienced agent and a seasoned lender. We have seen everything and will do anything in our power to get your loan approved and closed on time. Have you been told no or had frustrations with your current lender? Reach out to The One Brokerage and let us show you how we can help! Email us at intake@theonebrokerage.com.
I want to answer your questions! I want to hear the questions you have about real estate, being an agent, saving money, markets to invest in, where to invest, how to invest, how to get started, joining Spartan League, etc. We’ve created a place for you to submit your most burning real estate questions. If you’re feeling adventurous, you can even submit a video question. Soon, I’ll be launching a new podcast where I’ll be answering your questions live. CLICK HERE to submit your questions and see them on a future podcast episode!
Have you been on the fence about joining a real estate mastermind? Have you been curious about Spartan League? Spartan League has recently been transformed into a real estate university of sorts. If you’re an aspiring real estate investor, an agent who has hit a wall, a seasoned investor looking to scale, or wanting to learn a new asset class, we’ve got something for everyone. This includes everything from creative financing calls, to guest speakers to even ensuring that you’ve got the right mindset to get where you’re going.
Check out this clip from Jesse Wig who was recently a guest speaker on Spartan League. Every week, we have speakers like Jesse who are happy to share their knowledge with the group. If you’re interested in more information, let’s chat! Email mastermind@davidgreene24.com to learn more and even join us for a call to see what we’re about.
United Wholesale Mortgage (UWM) has introduced a zero-down-payment program for first-time home buyers and individuals earning up to 80% of the median income in their area. This initiative offers eligible buyers a second-lien loan up to $15,000 for down-payment assistance, which does not accrue interest or require monthly payments, but must be paid off upon refinancing, selling the house, or paying off the first mortgage. UWM emphasizes that current underwriting guidelines differ significantly from those of the subprime mortgage crisis era. The program aims to simplify homeownership access, although experts caution buyers to fully understand the loan terms to avoid potential foreclosure risks.
Conventional: 7.625%
VA: 6.625%
FHA: 6.625%
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 intake@theonebrokerage.com to speak to one of our loan officers.
