by luxretail | Feb 25, 2020 | Home Buying, Market News, Refinancing
In the mortgage world, there are qualified mortgages and non-qualified mortgages. While qualified mortgages meet specific lender and borrower standards set forth by federal regulations, non-qualified, aka non-QM loans have greater flexibility and can be a great...
by luxretail | Jan 6, 2020 | Home Buying, Market News
Last year, the Federal Housing Administration (FHA) announced it would be increasing the limits they set on their home loan products. In other words, if you got approved for an FHA loan in 2019, you probably got to take advantage of more borrowing power. Fast forward...
by luxretail | Dec 14, 2017 | Market News
The United States Prime Rate has increased to 4.50% effective December 14, 2017. What is the Prime Rate? The U.S. Prime Rate is an index rate that lending institutions use when setting the pricing for short-term and medium-term loans. For example, a mortgage lender...
by luxretail | Jan 27, 2017 | Home Buying, Market News
As 2017 begins, many people are making resolutions to get in shape, quit bad habits or finally achieve their most longed-for goals. One such goal may be to own a home. Year after year, millions of Americans hope to make the American Dream of owning property a reality,...
by luxretail | Aug 1, 2016 | Market News
The metro areas on Forbes’ 2016 Fastest Growing Cities in the U.S. are diverse in landscape, climate, cultural experiences, and inhabitants. With a powerful collision of fast-growing populations and economies ablaze, these cities offer plentiful job opportunities for...
by luxretail | Jul 25, 2016 | Market News
In the luxury home market, sales in the $750,000 to $1,000,000 range have increased by 15 percent in 2016 over 2015 sales. In the over $1,000,000 category, the increase is smaller at 12% but still significant. While home prices for lower priced homes are going up at...
