Key Takeaways: – The national average of homes with a second mortgage has declined over the last decade. – In Hawaii, nearly one-fifth of homes have a second mortgage or a home equity loan, the highest rate among all states. – A second mortgage is a secondary loan taken out on a property that already…
Key Takeaways: – Real estate firm RLTY is expanding its services for agents to include assistance in navigating health insurance as an independent contractor. – RLTY has partnered with UnitedHealthcare to create a landing page where agents can connect with a representative who will explain the different health insurance policies available to them. – The…
Key Takeaways: – Survey shows that a significant net share of banks have tightened standards on various types of loans, including non-QM jumbo residential loans, QM jumbo loans, and HELOCs. – Moderate net shares of banks have tightened standards on non-QM non-jumbo loans, subprime loans, and QM non-jumbo, non-GSE eligible loans. – Only modest net…
Key Takeaways: – Renovating a bathroom, kitchen, or entire house can be a complex process that requires professional expertise. – Hiring a professional ensures that the renovation project is easier to manage and execute smoothly. – Professionals have the knowledge and experience to guide homeowners through the renovation process, helping them make informed decisions. –…
Key Takeaways: – Rachael Hite recommends five podcasts for a frightful escape. – Taking breaks and giving your brain a rest is important in a busy sales life. – The recommended podcasts have fiction, lore, and magic elements. – Some of the podcasts mentioned are No Sleep Podcast, Campfire Radio Theater, Cabinet of Curiosities, Lore,…
Key Takeaways: – Homeowners with a mortgage rate above 5% are more likely to plan to sell their home compared to those with a rate below 5%. – The majority of mortgage holders have rates below 5% or 6%, with almost a third having rates below 3%. – Mortgage rates have been low during the…
Key Takeaways: – Ohio is a diverse state, with a mix of deindustrialization and emerging sectors – The richest city in Ohio is Hunting Valley, with a population of just over 760 people and a median household income of $163,333 – Coldstream is the second richest city in Ohio, with a median household income of…
Key Takeaways: – Candice Milano and Malessa Rambarran are millennial co-leaders of The Milano Rambarran Team at Brown Harris Stevens. – They launched The Organization by Women in Real Estate (TOWRE) in 2017 to help women and others learn about real estate investing. – TOWRE initially focused on in-person events but shifted to online platforms,…
Key Takeaways: – Drywall is important for providing a smooth surface for walls and ceilings in modern interior construction. – Common types of drywall damage include cracks, holes, water damage, sagging, and bubbling. – To assess the extent of damage, look for visible cracks, holes, or water stains on the walls. – Repairing small holes…
Key Takeaways: – HUD has proposed a new rule that would allow mortgage servicers to use electronic means to communicate with distressed borrowers. – The current face-to-face meeting requirement is outdated and does not account for modern methods of communication. – The proposed rule would expand the meeting requirement to all borrowers in default, regardless…
