The BIG catch to infinite 100% VA Loan Amounts in 2020!

In June of 2019, President Donald Trump signed a bill into law allowing the VA to guarantee loans that exceed the county loan limits.  Borrowing over the county limit has always been a thing, but there currently exists a formula calculating the maximum you can borrow.  With the new law, this will CHANGE!  

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Culture and Trust

The Elmendorf Chronicles, August 20, 2019

I’m on a plane. I’m sitting next to Jim the restructure guy. That’s all I know about him after trying to start up conversation. I normally keep to myself but thought I overheard the word "securitization" before he hung up on the conference call he was taking on the plane. He briefly told me that he “restructures businesses” and promptly went back to the 300-page paper manifesto he was reading. Paper, sheesh. But it got me thinking… I’m trying right now to restructure. Patch up, rebuild, improve, whatever you want to call it, I AM in restructure! I think all our businesses should be in a constant state of restructure. Constantly improvising, improving, innovating… growing better day by day.

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Are interest rates going up?

We may be in for an Interest Rate crash

Rates have been going in the right direction for quite a while and I don't see the air leaking out of the tires just yet; however as I'll explain, the charts make me nervous! 

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February Home Sales Jumped to an 11-Month High

It’s good to get data from all over. But somehow when you get it from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, it seems even more official.

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A MORE BALANCED REAL ESTATE MARKET MAY BE IN OUR FUTURE!

The real estate tide is turning, according to Fortune Magazine’s Chris Morris. What was once a seller's market, complete with frenzied offers and multiple bidding, is beginning to smooth a bit, becoming what Realtors refer to as a “balanced market” where homes stay on the market a tad longer, and buyers actually have a chance to negotiate.

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MANUFACTURING, FED, TRADE WAR, AND OTHER FACTORS HANG OVER RATES

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CHINA TRADE AND FED COULD PUSH VOLATILITY INTO RATE MARKETS

TODAY'S MORTGAGE RATE SUMMARY

HOW RATES MOVE:

Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day in the bond market. This means rates or loan fees (mortgage pricing) moves throughout the day, being affected by a variety of economic or political events. When MBS pricing goes up, mortgage rates or pricing generally goes down. When they fall, mortgage pricing goes up. 

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Sellers Beware!  Statistics show that over 10% of your Buyers won't follow through.

It's a real problem

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How Do You Know If You Should Refinance Your Mortgage?

Many lenders talk about the benefits of refinancing, but how do you determine if refinancing your mortgage is the right decision in the context of your personal and financial situation?

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6 Factors that prove buying is better than renting

Making The Right Decision

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