Ever tried to build a fire and it got a little out of hand? Sure, you have. As we exit the heat of summer and prepare for the slowly coming Fall season, you can be sure to continue the quiet nights in front of the fire as the falling leaves grace your presence with peace and the warm colors of Autumn as we see the real estate market seem to make its gradual climb into prosperity, particularly for one aspect of the mortgage loan industry of 2015 –
Fannie Mae – Looks Like Things Are Looking Up for Mortgage Rates
In particular, it’s been reported that the mortgage delinquency rate saw a decline in July from 1.66% to 1.63%. And that’s not even the most impressive metric so far for this real estate market. Fannie Mae’s feelin’ it as this is the lowest level for mortgage delinquency since – wait for it – 2008!
However, It’ll Be a While Before Fannie Mae Sees the Fire Go Out Completely
It’s still good news that Fannie Mae’s mortgage delinquency rate’s going down, but here’s the thing: the “norm” for the mortgage delinquency rate is traditionally under 1%. So Fannie Mae’s getting there, albeit a bit slower and more gradual. The statistics and predictions show that by 2017 Fannie Mae’s delinquency rate will hit the under-1% mark.
So keep fanning away, Fannie Mae. You’ll get there.
That’s the one thing many first-time home buyers stress on the most: the money. “Will we have enough for a down payment? “What about taxes?” “How will we cover closing costs?” You can watch the stress bleed out of their pores and cause hernias without lifting a single piece of furniture during move-in day. And the sad fact is this — they really should be stressed, because the real estate market is cutthroat. It’s deadly. It’s wicked.
But We Have the Secret Tools, the Hidden Resources, the True Real Estate Money-Saving Tips You’ll Need to Actually Make It Easy
And it’s not like a lot of these tips we have are often advertised all over the Google search engine either. Sometimes you might even find your real estate attorney, broker or agent might neglect to mention any of these, not for lack of thinking about it, but because they don’t know you need the help. It’s all about communication.
So this is us communicating with you. You have options. You have possibilities to get into that home with zero down, potentially. You have the ability to work on getting into that RTO home, collaborating with the landlord, and then exercising your lease option-to-buy like a champ. All you need to do is take advantage of these three real estate money saving tips:
Cash Gifts Count for That Down Payment — Yes, your income factors into that down payment, but here’s the thing….
Cash Gifts Also Count for Your Closing Costs! — We know it sounds too good to be true, but who knows: you can ask your lender, and you might get lucky. Just how much could you save? Click here to find out.
And that’s just the start….
Real Estate Money Saving Tips at Its Best
You have to remember that the real estate market is only as healthy as the people who are willing to take the chance and buy those properties out there. Developments rise up; but they’re useless unless someone’s willing to move in.
What makes a guru in the real estate industry? Setting trends? Making deals? Breaking the mold? Innovating? All of the above? Are we focusing on residential, commercial, rent-to-own, or the mortgage market? Anything involving real estate law, perhaps? Who are the real professionals of today in the real estate industry? Here’s where you’ll find out:
There Are Seven Total, and Each Represent a Major Factor in the Real Estate Industry
Jeffery Hayward — Fannie Mae’s making headlines, obviously, and right at the forefront of the home loan giant is the executive VP Hayward. What has he done for the real estate industry? Find out right here.
Surprisingly, Though…. We Don’t See Donald Trump on This List!
That’s obvious, though: the “Donald” is too busy campaigning for his presidential candidacy! Let him work. Till then, why don’t you learn more about these trendsetters and innovators keeping our real estate industry as healthy as possible — they’re the wizards behind the curtain like Oz. And you know there’s no place like home (remember to click the shoes).