Quorum Lending’s Post

Here’s where the magic lies: 1️⃣ Many have stepped back due to rates and higher home prices, creating a unique opportunity. You never know what might pop up on the market, and with less competition, now could be the perfect time to find that ideal home! 🏡💫 2️⃣ Explore the array of mortgage products out there right now, each designed to suit different financial situations. We can help you discover a program that best aligns with your current needs, monthly payment goals, and future plans. Ask me about our rate drop protection program! 🌟💰 3️⃣ Homeowners, there’s good news! Rising home prices mean increased home equity for you to tap into. Whether it’s for renovations, debt consolidation, or other financial needs we have options to make it happen! 🏠💸 While these trends are positive, it’s always important to carefully consider your financial situation. Ready to set up a time to discuss your goals? Shoot me a message, and let’s start planning! 📩💬 - #mortgagelender #myrtlebeach #myrtlebeachmortgagelender #mortgageinmyrtlebeach #realestateinmyrtlebeach

🌟 Happy December to all my connections! As we step into the last month of the year, let's reflect on the dynamic changes in the real estate market. 📉 Exciting news in the mortgage sector: Over the past five weeks, we've observed a significant decrease in home loan rates, approximately 1%. This notable shift represents more than just numbers; it's a beacon of opportunity for both buyers and agents. Let’s embrace this positive momentum as we move forward. 📈 In other significant news, the Federal Housing Finance Agency (FHFA) has announced an increase in the Conforming loan limits, now standing at $766,550. It's remarkable to consider the evolution since 2005, when these limits were set at $317,000. This change not only reflects the growth in the housing market but also opens up new possibilities for homeownership and investment. 🔍 As we navigate these changes, it's crucial to stay informed and adaptable. I’m here to provide insights and guidance in this ever-evolving landscape. Let's end this year on a high note and lay a strong foundation for 2023! #RealEstateTrends #MortgageUpdates #MarketGrowth #EndOfYearReflection

Renting vs. Buying: The net worth difference is staggering! 💰 According to the Federal Reserve Board's Survey of Consumer Finances, the average homeowner's net worth is nearly 40X greater than a renter's. 🏠✨ Home equity, fueled by rising home prices, is a key factor. Even with mortgage rates adjusting, buying a home remains a smart investment. Ready to boost your net worth? Connect with us today to explore your options! CALL/TEXT Shasha & Terri Team at 626-893-9617 | 626-315-0025. Email: [email protected] | [email protected]. https://lnkd.in/gejK5Tmv #Homeownership #NetWorth #RealEstateInvesting #rentingvsbuying

2024 just may be the time to unlock the potential of your home! 🏡💰 If you've owned your house for a couple of years or more, it could be time to dive into the world of home equity. As you chip away at your mortgage and home values rise, your equity grows! In the latest Equity Insights Report, Selma Hepp, Chief Economist at CoreLogic, highlights how this upward trend is helping homeowners build wealth. 📊 💡 Ready to turn your home into a wealth-building asset? 📈 I am ready when you are! 💪 #HomeEquity #RealEstateWealth #PropertyInvestment #CharlestonRealEstate #CharlestonRealtor

2024 is shaping up to be a pivotal year in real estate, and I'm here to guide you through it with key insights, including the all-important FOMC meeting dates. Insight # 1: Every global event has a direct impact on the U.S. housing market. Understanding these influences is crucial for making smart home-buying decisions this year. Insight #2: The Federal Reserve's monetary policies are central to housing market dynamics. Keeping track of FOMC meetings is essential for anticipating changes in mortgage rates and market conditions. Insight # 3: Despite uncertainties, 2024 offers unique opportunities for homebuyers. Staying informed on economic trends will be key to navigating the market successfully. Insight #4: Technological advancements and legislative measures are redefining the housing landscape. Being adaptable and informed is more crucial than ever. With LRG, James Tabur, Philip Chavez, our strategic approach and the right information, including FOMC dates, you're well-equipped to conquer the 2024 housing market. #PS: Election seasons bring their own brand of excitement, and while Trump and Biden might provide some prime-time drama, there's no need to fret over their impact on your mortgage rates. Based on Freddie Mac's Primary Mortgage Market Survey, stretching all the way back to 1971, the average influence of U.S. Presidential Election cycles on 30-year fixed-rate mortgages is a mere -0.02%!

Navigating the nuances of the real estate market, the recent discussions centering around the decline in home price appreciation and its ripple effect on negative home equity demand our attention. The market seems to be at a crossroads, grappling with affordability challenges while poised for what experts anticipate to be a purchase-centric era. The optimism around homebuilders benefiting from a scarcity of existing homes for sale and stabilized mortgage rates in the high 6s to low 7s sets the stage for a potential surge in purchase mortgages. However, the recent uptick in yields over the past five weeks poses a cautionary note, potentially dampening the demand for mortgages in this purchase-centric landscape. The delicate balance between mortgage rates and the demand for homes becomes apparent, with the challenge of keeping homes affordable in the face of rising rates. The demographic shift, primarily fueled by the influx of Millennials and Gen-Z into homeownership, acts as a counterforce, providing a strong undercurrent of demand. Yet, the critical question remains: Can the industry find that sweet spot on the balance sheet to ensure an affordable monthly payment for aspiring homeowners? Looking beyond the immediate market dynamics, the discussion extends to the regulatory environment, particularly the potential impact of Basel III endgame capital rules. The foresight that non-bank financial institutions may gain market share, coupled with the strategic advantage some homebuilders have with internal mortgage operations, adds layers of complexity to the industry landscape. As we navigate these intricacies, the real estate market seems poised at the intersection of demographic tailwinds, affordability challenges, and regulatory shifts. The story unfolding in the coming months will undoubtedly be shaped by how these elements interplay, making it a fascinating yet challenging landscape for both industry insiders and aspiring homeowners. #realestateinsights #housingmarkettrends #affordability #Mortgage

Waiting for rates to drop? That decision could COST you! Many real estate experts (including Shark Tank's Barbara Corcoran) are expecting interest rates to drop in 2024. The catch? As soon as rates drop, TONS of buyers just like you who are currently waiting on the sidelines could jump into the market. With more buyers competing for homes, guess what will happen to home prices? That's right: they can skyrocket. Rather than line your landlord's pockets with rent money, each of your monthly mortgage payments actually serves to build YOUR wealth! Real estate is an investment that generally appreciates over time, so the longer you wait, the greater the chance of a missed opportunity to capitalize on growing your equity and secure a lasting financial asset for your future. Why wait to build wealth and invest in your future? Call us today to get started! #Homeownership #HomebuyingAdvice #MortgageTips #YourMortgageAdvisor #BarbaraCorcoran #SharkTank

📣 Important #GenH rate news As we continue on our mission to support more aspiring buyers and those with smaller deposits, we will be making reductions across our higher LTV products. At the same time, we will be making increases to our lower LTV products. If you would like to submit an application using a current rate, the deadline to do this is 8.30 pm on Monday 15th January 2024. All new rates will be live on the Gen H website after 8:30 pm (Monday, 15th January). Here's what you should know: 📉We're making reductions of up to 19 bps across selected 85%, 90% and 95% LTVs 📈Increases of up to 28 bps across our 60%, 70%, 75% and 80% LTVs View current mortgage products here: https://lnkd.in/e-vajdXR Remember: our income booster feature (think JBSP, reimagined) or our deposit booster feature could help support your affordability- or deposit-constrained customers onto the ladder. For intermediary use only. #mortgagerates #HighLTVs #rates #affordability #deposit #Firsttimebuyers #BoMAD

Unlocking March 2024: Economic & Real Estate Insights 🏠💼. 🔍 Dive into the future with us! March 2024 is bringing pivotal changes in the U.S. economy, real estate, and mortgage landscapes. Whether you're planning to buy a home, sell, or simply stay informed, this forecast is your key to understanding what lies ahead. @everyone, let's navigate these opportunities together! #EconomicForecast #RealEstateTrends #MortgageUpdates #March 2024 Insights #FinancialFreedom #InvestSmart #HomebuyersGuide #MarketTrends2024

When preparing to buy a home, saving for the down payment is a priority, but it's equally crucial to make wise financial choices. Here's a concise guide on what to avoid: 💰🚫 Major Purchases New Credit Lines Large Cash Transactions Moving Money Around Late Payments Skipping Bills Draining Savings Co-signing Your financial habits before home purchase are closely examined. Maintain stability, avoid major financial changes, and consult a mortgage professional for guidance. With the right strategy, you can confidently achieve homeownership. 🌟🔑 Tamela Staubs® 📞 561-859-2757 📧 [email protected] #connecthomeowners #homebuyingtips #financialpreparation #mortgageadvice #realestatemarket #housingmarket #yourlocalrealtor #portsaintluciehomes #jensenbeachhomes #floridarealestate #mermaidrealtor