Fed Meeting Today Could Effect Mortgage Rates...

Good Morning!
Fed meeting today at 2pm.  Many are expecting the Fed to announce a drop in the Fed lending rate.
If this happens it could cause a drop in mortgage rates.
The Fed rate is different from mortgage rates, but the Fed announcement should effect the bond markets which, in turn effects the mortgage rates.
We'll see today...
That's it for today!
Thanks for reading!

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Buying A House From A Relative...

Good Morning!

I had this situation come up again last week, and I wanted to address it again with you…

Did you realize that when buying a house from an immediate family member – the buyer doesn’t have to come out of pocket for a down payment? (As long as it’s a owner occupied residence for seller and buyer.)
…this is because the guidelines allow the seller to “gift” equity to the buyer.

So, the down payment can be a gift from the seller. …in addition to this, the seller can also pay the buyers closing costs, and pre paid expenses (taxes and insurance).

That's it for today!

Have a good day today! …and thanks for reading.

Get Pre Approved For A Loan Here
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Summer Vacation

Good Morning!

Just got back from taking the family to the Caribbean for a week.

We had a great time.  This is us…

I’m the bald one in case you were having trouble figuring that out.

I hope you were (or are going to be) able to make some good memories with your families this summer.

Thanks for reading my emails!

Have a great day!

Brett