September 2020 Pending Home Sales Report
The National Association of Realtors (NAR) recently released a pending home sales report recorded in September. From the report, pending home sales pace experienced a minor decline in September after four consecutive months of contracting activity growth. Moreover, all four major U.S. regions showed notable year-over-year growth, while only the Northeast region attained month-over-month gain […]
State of the Commercial Real Estate Market in the Pandemic Economy
With Steve Peterson Like the general real estate market, the commercial real estate market has been through its extreme records in 2020. At The Power Is now, we continue to lead the conversation about real estate for home ownership, wealth building, and financial literacy for all. Regarding this, we bring you the newest show on […]
November 2020 Mortgage Forecast
The 2020 mortgage market and the real estate market, in general, has been very interesting so far. Its level of uncertainty is something we have never seen before. So far, mortgage rates have hit all-time low 11 times this year alone. And with the countdown of the general election almost over, we don’t know what […]
Converting your 401K to a Self-Directed IRA
Did you know that you can convert your 401k savings into a self-directed IRA? Most people don’t understand nor know how much home purchasing power they have with their 401k. In the second West Coast Homebuyer Townhall show on The Power Is Now online radio and T.V for October, we had a special guest Donnell […]
August Pending Home Sales Report
Even with the coronavirus pandemic in our midst, the housing market was a beehive of activities. Inventories were low, while the demand was insatiable due to the historically low mortgage rates. Since the reopening of the economy, the housing market has been at the forefront, leading the economy towards recovery. Data from all around the […]
How to buy a 4 Unit Property as a FTHB
Let’s admit it; everyone has a dream of owning a property. The lure of owning a real estate property, any real estate property, is too huge to pass on and that is why the majority of us work our asses off so that we may be able to say that we are also proud owners […]
October 2020 Mortgage Rates Forecast
The 2020 mortgage market has experienced a volatile environment with rates hitting historic record lows more than nine times. With the impacts of the COVID-19 pandemic crippling the economy, the rates dropped to previously unimaginable levels as the Federal Reserve strives to spur the economy. As of now, September recorded the lowest rates of all time. […]
What is Credit Scoring Model?
Lenders will use a credit scoring system to measure how likely you are to make payments on the money you borrow. A credit scoring system is created by assigning scores to various attributes associated with the borrower’s creditworthiness. A credit score is very different from the credit scoring model. In a credit scoring model, the […]
Every Veteran and Active Military Should Keep in Mind These Important Considerations Before Buying A Home
VA home loans provide the active military members with a unique opportunity to buy a home at a competitive rate, and often with no money down. In most cases, the VA loans present the best way for the military members to own a home, but it does come with conditions. As such, familiarizing yourself with […]
Backing larger home loans now: What’s the game plan here Freddie Mac, Fannie Mae and FHA?
The Federal Housing Finance Agency during the third quarter of 2019 announced the maximum conforming loan limits for the mortgages to be acquired by Fannie Mae and Freddie Mac during this year. For the one-unit properties in 2020, the maximum conforming loan limit will be $510,400, an increase from $484,350 in 2019. This marks the […]
