Get ready for the latest updates on loan rates that will empower you to make informed decisions in the dynamic world of real estate financing.
No matter if you’re a homeowner, a first-time buyer, or a savvy real estate investor, staying up-to-date with current loan rates is essential. In this week’s update, we turn our focus to rates specifically tailored for primary residences in California, featuring a 20% down payment, $500,000 purchase price, a 30-year fixed term, LPC. The DSCR rate is tailored for an investment in California, featuring a 20% down payment, a 30-year-fixed-term, BPC. Are you ready to dive into the details? Let’s explore the rates for conventional, FHA, VA, and DSCR Investment loans, providing you with the insights you need to navigate the financing landscape effectively.
Conventional: 7.250%
FHA: 6.125%
VA: 6.125%
DSCR Investment: 8.000%
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.
Let’s discuss a dilemma that often pops up in pricier neighborhoods: the classic choice between building an ADU or snagging a new house. Here’s the tricky part— if you have no financing for the build.
If it were that simple, the answer would be a no-brainer: improve what you’ve got. But, and it’s a big but, you’re looking at a hefty capital outlay. To make sense of it all, I like to break it down to the essentials. I ask myself, “For the capital I’m about to invest, how much cash flow am I looking at? What’s the ROI on that? And let’s not forget, how much equity am I building? What’s the return on investment on that?” It’s all about making those apples-to-apples comparisons.
Join me on January 17th at 6:00 PM ET for an invaluable webinar tailored specifically for real estate agents, where we’ll delve into the strategies crucial for thriving in the real estate landscape of 2024.
From navigating market fluctuations to positioning yourself for success, we’ll explore the key insights and tactics that can make all the difference in your career. Whether you’re a seasoned pro or just starting, this session is designed to empower you with the knowledge and tools needed to not just survive but thrive in the evolving real estate market.
Don’t miss out on the insights that can elevate your business in the year ahead!
In today’s market, many have equity and are at a crossroads. Do you use it to buy more or enhance what you have?
Now, I’ve got a soft spot for this because I see folks tapping into HELOCs, but the question is, scale up or spruce up?
My take? If you’ve got a short-term rental, beautifying it with that equity is a fast track to ROI. Improve the property, add some flair, better photos, and voila—capital that rolls back to pay down that HELOC. I’m not a fan of stacking up debt in a high-rate market. Think jet ski, not battleship. Grab equity, upgrade, boost revenue, pay off the loan, and then ask, “How can I do it again?”
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