tag:blogger.com,1999:blog-23360523133920234222024-03-06T13:02:55.978-07:00PRMI-MartyQuallsProfessional mortgage services for over 27 yearsMarty Qualls 801-540-5108http://www.blogger.com/profile/04105224633936163430noreply@blogger.comBlogger567125tag:blogger.com,1999:blog-2336052313392023422.post-53181080336685913562019-01-09T17:07:00.001-07:002019-01-09T17:07:11.380-07:00All the financial advice you’ll ever need fits on a single index card<iframe allowfullscreen="" frameborder="0" height="270" src="https://www.youtube.com/embed/JdUKhgW1gOo" width="480"></iframe><br />Marty Qualls 801-540-5108http://www.blogger.com/profile/04105224633936163430noreply@blogger.comtag:blogger.com,1999:blog-2336052313392023422.post-7940155352855540282018-12-18T18:03:00.001-07:002019-03-26T21:11:18.098-06:00A way to improve credit scores!<div class="separator" style="clear: both; text-align: center;">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOGN8LQNIuApF7zklHFwh_DuBLvc5vtHAV3qxkj-JEp-VoDpbd-fnZa469MhVUdMINfmB-h9Uq94MlbFgX5gzP2_HEZ9JCT_xVKtDJQ6y9r1f9WFV1QHD7VADvJO8dM3FSzUTyCTldsPk/s1600/mortgage-qualification_800.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><img border="0" data-original-height="535" data-original-width="800" height="133" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOGN8LQNIuApF7zklHFwh_DuBLvc5vtHAV3qxkj-JEp-VoDpbd-fnZa469MhVUdMINfmB-h9Uq94MlbFgX5gzP2_HEZ9JCT_xVKtDJQ6y9r1f9WFV1QHD7VADvJO8dM3FSzUTyCTldsPk/s200/mortgage-qualification_800.jpg" style="margin-left: auto; margin-right: auto;" width="200" /></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Call Marty Qualls at<br />
801-540-5108<br />
"More Mortgages With Marty"</td></tr>
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</a><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOGN8LQNIuApF7zklHFwh_DuBLvc5vtHAV3qxkj-JEp-VoDpbd-fnZa469MhVUdMINfmB-h9Uq94MlbFgX5gzP2_HEZ9JCT_xVKtDJQ6y9r1f9WFV1QHD7VADvJO8dM3FSzUTyCTldsPk/s1600/mortgage-qualification_800.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="font-size: large;"></span> </a><br />
<span style="color: blue;">P</span><a href="https://www.housingwire.com/articles/47738-experian-offering-potentially-higher-credit-scores-in-exchange-for-access-to-peoples-bank-accounts#.XBmU8pdBEFQ.blogger"><span style="color: blue;">otentially</span> higher credit scores in exchange for access to people’s bank accounts</a>: Access to consumers’ bank accounts as part of an effort to help people boost their credit scores. Announced Tuesday that it is launching a new program called<span style="background-color: yellow;"> “Boost.”</span> Through the program, consumers grant access to their bank accounts to allow to use utility and telecommunications payments in the calculation of their credit score.<br />
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Call me and with <span style="background-color: yellow;">MonitorBase</span> (I'll explain about how MonitorBase works overtime to let me know when you are ready to go), we can get your credit scores where they need to be to purchase a home!<br />
<strong><span style="font-size: large;"> Marty Qualls</span></strong><strong><span style="font-size: large;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQMHD3UZTUebm7QrFGKxErmQqhqN3Kxhko-5aw3PuonkYHkqF5vK2AtWoLoMp8nBVHrFmCHedDJCWzn1HpfQ8hptsopz06wyaRXN_7ATpyCn3YySYZKx5Da1pQFl7zbYrOsRB_8WWxDYg/s1600/Marty+cursive.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="583" data-original-width="628" height="185" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQMHD3UZTUebm7QrFGKxErmQqhqN3Kxhko-5aw3PuonkYHkqF5vK2AtWoLoMp8nBVHrFmCHedDJCWzn1HpfQ8hptsopz06wyaRXN_7ATpyCn3YySYZKx5Da1pQFl7zbYrOsRB_8WWxDYg/s200/Marty+cursive.png" width="200" /></a> </span></strong><br />
PRMI<br />
801-540-5108Marty Qualls 801-540-5108http://www.blogger.com/profile/04105224633936163430noreply@blogger.comtag:blogger.com,1999:blog-2336052313392023422.post-17558447407279959102018-12-14T17:46:00.001-07:002018-12-14T17:46:22.560-07:00FHA raises reverse mortgage loan limits for the third year in a row<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhjJfELPAgoHHosGX3X6396CN9zGhfOOToc46KuJIbrvRVCW6y0FJ7fgPROkhJHoD1HCMjYhcOMQ9U55ggxiMaYwJKXqkKMJw-4fJP23oBfYqtwBZrGEpIMtSMxPk_9ZqOSmbyQ-6KUYJM/s1600/Home+prices+increasing.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="278" data-original-width="370" height="150" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhjJfELPAgoHHosGX3X6396CN9zGhfOOToc46KuJIbrvRVCW6y0FJ7fgPROkhJHoD1HCMjYhcOMQ9U55ggxiMaYwJKXqkKMJw-4fJP23oBfYqtwBZrGEpIMtSMxPk_9ZqOSmbyQ-6KUYJM/s200/Home+prices+increasing.png" width="200" /></a><a href="https://www.housingwire.com/articles/47710-fha-raises-reverse-mortgage-loan-limits#.XBRBneCIYD4.blogger">FHA raises reverse mortgage loan limits</a>: The Federal Housing Administration has increased the maximum claim amount for reverse mortgages for the third consecutive year, announcing Friday that it will raise HECM claim amounts to $726,525 in 2019. <br />
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What does this mean for the HECM? MORE HECM loans will be made in 2019 because of the increase! Proprietary Reverse Mortgages, which target borrowers with higher value homes will now be able to consider the HECM loan!<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg9wbkzgyir3m_i0_irVtn2ee8o4B3qQLyH0q53sB9RHek7KDdYfMtUe5AtFtyfxqsJJdCNX2fQHfoBUqMPrY3aRJCz6_rmvtFxcCk7IGjs6Vi41hRyJQb8USOWAEgyV7s62LbSJINxXyg/s1600/Mortgage+agmt.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="187" data-original-width="300" height="124" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg9wbkzgyir3m_i0_irVtn2ee8o4B3qQLyH0q53sB9RHek7KDdYfMtUe5AtFtyfxqsJJdCNX2fQHfoBUqMPrY3aRJCz6_rmvtFxcCk7IGjs6Vi41hRyJQb8USOWAEgyV7s62LbSJINxXyg/s200/Mortgage+agmt.png" width="200" /></a>I did a quick analysis of what this does for a 73 year old and they could receive $20,000 MORE equity from their HECM loans when compared to last years claim limit of $675,650.<br />
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If you are 62 years or older and want to explore "Equity Options", give me a call! <br />
<strong><span style="font-size: large;">Marty</span> </strong><br />
801-540-5108Marty Qualls 801-540-5108http://www.blogger.com/profile/04105224633936163430noreply@blogger.comtag:blogger.com,1999:blog-2336052313392023422.post-59137199172776977032018-11-08T09:22:00.000-07:002019-03-26T21:18:54.266-06:002nd of 10 clever ways to save money on your mortgage!<b><span style="font-size: large;">2. Cut Out the PMI</span></b><br />
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<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgRlRHnnVA-HxFaxok5bvPFIEdYndjNPcWaQWsaXnk0e7u9qMDr-KRDdN9akoz3yzYxk2nzIE1iEUjp95VUzoBU7OX0h7fi1WBWbJcZkzVwAaXhyYFjancN3mB3tcUun1LrAmzKvjeIOPs/s1600/pmi+protects+the+lender.jpg" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" data-original-height="225" data-original-width="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgRlRHnnVA-HxFaxok5bvPFIEdYndjNPcWaQWsaXnk0e7u9qMDr-KRDdN9akoz3yzYxk2nzIE1iEUjp95VUzoBU7OX0h7fi1WBWbJcZkzVwAaXhyYFjancN3mB3tcUun1LrAmzKvjeIOPs/s1600/pmi+protects+the+lender.jpg" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">PMI protects the lender in case of loan default</td></tr>
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If you borrow more than 80% of the value of your home, you normally have to pay for private mortgage insurance (PMI) to <span style="color: blue;">protect the lender</span>.<strong><span style="color: #a864a8; font-size: medium;"> </span></strong><br />
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<strong><span style="color: #a864a8; font-size: medium;"><span style="color: black;">I</span></span>f your loan balance is around $140,000, you could be typically paying $720 and as much as $1,400 for PMI <i>just this year</i>. </strong>You can "buy out" the PMI with an up front premium paid to the PMI company and you don't have a monthly PMI payment associated with your mortgage payment. <br />
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There is another new feature that also allows for partial up front payment and a monthly payment amount. Each has its benefit and requires analysis to see if it makes sense to do it and if you need help with the analysis, <span style="color: blue;">call me at 801-540-5108</span> and together we can find out which is the best way to go.<br />
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<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhqx4tUEZYD3Ck6gTifNM8k7nR-UlV7hDFm0HFRFeumtCPrID9VTU0_QS7-dtRLaMr1OmCgS47IIB-0S-VZ5XKEz3C6IHtGfG6bKi7wd7mQoah5XttrnRrhyMRLRVDLveW8_F8TWIOgZTk/s1600/pmi-avoid.jpg" imageanchor="1" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" data-original-height="561" data-original-width="374" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhqx4tUEZYD3Ck6gTifNM8k7nR-UlV7hDFm0HFRFeumtCPrID9VTU0_QS7-dtRLaMr1OmCgS47IIB-0S-VZ5XKEz3C6IHtGfG6bKi7wd7mQoah5XttrnRrhyMRLRVDLveW8_F8TWIOgZTk/s320/pmi-avoid.jpg" width="213" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Avoid PMI!</td></tr>
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A down payment is the most obvious way to avoid paying for PMI. If this amount is more than you have in savings or gift from relatives with the homes you're considering, <strong><span style="color: black; font-size: medium;">Realtor.com </span></strong>suggests simply shopping for lower-priced homes for which you <i>can</i> make a down payment. For all the <strong>Dave Ramsey fans</strong>, he suggests down payment great enough to avoid PMI AND 15 year conventional loan financing as the ONLY way to go! Whether you go with 30 or 15 year financing, avoiding PMI SAVES thousands of dollars annually!<br />
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If you've already bought your home, you can speed up those payments to get the balance below 80%, and then request that the PMI payments be dropped. The process of having your private mortgage insurance dropped EARLY is a process and I can go over the best way to approach this with your loan servicer. <span style="color: blue;">Give me a call at 801-540-5108</span> and I can go over the best way to be successful getting your PMI dropped EARLY! Lenders do not always agree to drop the insurance requirement, but at that point you could also refinance to get rid of the PMI.<br />
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<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhciDwH9tgCFmCx7oihvN7ecKwfhy4VZrCULkLEq1YE-KIvXry6G8G_MjSLtr5Jd4XUzSzVwwG6otTlJPIpym_MglN0lRKyw3CJQROm6F8a3XOgcCyYs_oAZy8iAufFNxmf8gsLms3W5JI/s1600/pmi-cancellation-private-mortgage-insurance-waterstone-mortgage.jpg" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" data-original-height="410" data-original-width="750" height="172" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhciDwH9tgCFmCx7oihvN7ecKwfhy4VZrCULkLEq1YE-KIvXry6G8G_MjSLtr5Jd4XUzSzVwwG6otTlJPIpym_MglN0lRKyw3CJQROm6F8a3XOgcCyYs_oAZy8iAufFNxmf8gsLms3W5JI/s320/pmi-cancellation-private-mortgage-insurance-waterstone-mortgage.jpg" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Check for PMI cancellation at 78% loan to value!</td></tr>
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<b>The law says a lender </b><b><i>has</i></b><b> to drop the PMI at the point when you are scheduled to reach a balance of 78% of the home’s value at the time of purchase</b>, as long as you're making the payments on time. If you are at that point, check to <span style="color: black;">make sure the PMI has been dropped. </span><br />
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<span style="color: black;">Highlighting the balance you need to pay down to on the amortization schedule that you receive at closing from you lender is one of the best ways to REMEMBER when to check to make sure that your PMI is no longer part of your payment. </span><br />
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHh29iIe9lwIcc9951mKYM1m0dEgvlwbYyZe26u0SrISht11i2IBwDx81PlFQiJtsQyg85JoTWqPl3fkUD9qaujoBHoA9SrWX3VYhK2f2Oh-W8FwUMAxEl99Z91WDqAFp4ZFtkRkfA5bo/s1600/Top+Mortgage+Lenders+2017-Scotsman+Guide.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="518" data-original-width="561" height="184" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHh29iIe9lwIcc9951mKYM1m0dEgvlwbYyZe26u0SrISht11i2IBwDx81PlFQiJtsQyg85JoTWqPl3fkUD9qaujoBHoA9SrWX3VYhK2f2Oh-W8FwUMAxEl99Z91WDqAFp4ZFtkRkfA5bo/s200/Top+Mortgage+Lenders+2017-Scotsman+Guide.png" width="200" /></a><br />
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<span style="color: blue; font-size: large;">Marty Qualls</span><br />
<span style="color: black;">801-540-5108</span><br />
Professional Loan Services since 1991<br />
<a href="https://socialsurvey.me/pages/marty-qualls">My surveys</a><br />
<a href="https://primaryutah.com/apply-now/">Payment Calculator and Convenient Online application</a>Marty Qualls 801-540-5108http://www.blogger.com/profile/04105224633936163430noreply@blogger.comtag:blogger.com,1999:blog-2336052313392023422.post-20891697296140273952018-11-05T17:56:00.001-07:002018-11-09T13:07:02.977-07:00Watch for 10 clever ways to save money on your mortgage!What's your biggest expense? If you’re like most people, it’s putting a roof over your head. And it's getting more expensive.<br />
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In fact, the cost of housing is rising faster than incomes for the middle class, according to a <a href="http://www2.nhc.org/media/Losing-Ground-2012-Release.html" title="The Struggle of Moderate-Income Households to Afford the Rising Costs of Housing Transporation"><strong><span style="color: #a864a8; font-size: medium;">National Housing Conference report</span></strong></a>. Renters may have the worst of it; the <a href="http://www.wsj.com/articles/apartment-rents-are-rising-steadily-and-quickly-1412220601" target="_blank" title="Apartment Rents Are Rising Steadily and Quickly"><strong><span style="color: #a864a8; font-size: medium;">Wall Street Journal</span></strong></a> reports that <em><strong>rent has been rising for 23 consecutive quarters.</strong></em><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZIK67LrvoQqxAKwPa-ZazyVCavlBPLlSoxlbhTKhJRMKrJM7QZRpVZX3Ia4ZYemLDBT6ohe-icL-P7bxJLYb7qhLSeoeLg5Iks2Ju2zw6rJeGtq1n09noABPCbov5s6a0cFPvO9qMlHc/s1600/Mortgage+agmt.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="187" data-original-width="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZIK67LrvoQqxAKwPa-ZazyVCavlBPLlSoxlbhTKhJRMKrJM7QZRpVZX3Ia4ZYemLDBT6ohe-icL-P7bxJLYb7qhLSeoeLg5Iks2Ju2zw6rJeGtq1n09noABPCbov5s6a0cFPvO9qMlHc/s1600/Mortgage+agmt.png" /></a>By <a href="https://www.thepennyhoarder.com/how-to-sell-your-house-zillow-new-rules-of-real-estate/?aff_id=2&aff_sub2=buying-a-house-ways-to-save-money-on-mortgage" target="_blank" title="The New Rules of Real Estate: What You Need to Know about Buying, Selling and Renting"><strong><span style="color: #a864a8; font-size: medium;">buying a house</span></strong></a>, you have more control over rising housing costs. You won’t have to worry about a landlord raising the rent, and a fixed-rate mortgage loan guarantees the same principle-and-interest loan payment for the next 30 years.<br />
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Yes, borrowing for a home is expensive. Fortunately, with a few smart strategies, <b>you can</b> <b>reduce your monthly mortgage payments and cut the overall cost of paying for your home</b>. <br />
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<span style="background-color: white;">Watch for the upcoming "10 Clever ways to save money on your mortgage"!</span><br />
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Here's the link to the 1st of 10:<br />
<span style="background-color: yellow;"><span style="font-size: large;"></span></span><br />
<a href="https://www.blogger.com/blogger.g?blogID=2336052313392023422#editor/target=post;postID=4240021368739140107;onPublishedMenu=allposts;onClosedMenu=allposts;postNum=3;src=postname"><span style="font-size: large;">In a pinch? Save money on your mortgage-modify your loan</span></a><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi3iPpu1J_RP37CXDrsK_dmuG5_mNowhO0-WBMZEMlUe7RNAqy-5x_6YI7_TtQZGBcdK3gk5YjxmGqwqZ1ligqxg9Wf7jJeHYdc9OsiuNXVzof-qyF9HdpgGL9TDjkIBovWS7K1nZhbPLU/s1600/Top+Mortgage+Lenders+2017-Scotsman+Guide.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="518" data-original-width="561" height="184" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi3iPpu1J_RP37CXDrsK_dmuG5_mNowhO0-WBMZEMlUe7RNAqy-5x_6YI7_TtQZGBcdK3gk5YjxmGqwqZ1ligqxg9Wf7jJeHYdc9OsiuNXVzof-qyF9HdpgGL9TDjkIBovWS7K1nZhbPLU/s200/Top+Mortgage+Lenders+2017-Scotsman+Guide.png" width="200" /></a><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiCaQPwhlfc5EIQC6XRDCtXLHKgOja-6DOw9l8kgSsX3B1-cyciun45MDtiMKXGM21JMF6VCQgaoK-gsE7OpATOzmUwKmU6B9Fq3bGRfTYlSgKRacB0fmu4J0gSSEn4KstBJPcllXIEmHo/s1600/Marty+cursive.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="583" data-original-width="628" height="185" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiCaQPwhlfc5EIQC6XRDCtXLHKgOja-6DOw9l8kgSsX3B1-cyciun45MDtiMKXGM21JMF6VCQgaoK-gsE7OpATOzmUwKmU6B9Fq3bGRfTYlSgKRacB0fmu4J0gSSEn4KstBJPcllXIEmHo/s200/Marty+cursive.png" width="200" /></a><span style="font-size: large;"></span><span style="color: blue; font-size: large;">Marty Qualls</span><br />
<span style="color: blue; font-size: medium;">801-540-5108</span><br />
<a href="https://socialsurvey.me/pages/marty-qualls">My reviews</a><br />
<a href="https://primaryutah.com/apply-now/">Convenient Online Application</a><a href="https://primaryutah.com/apply-now/"> </a><br />
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<br />Marty Qualls 801-540-5108http://www.blogger.com/profile/04105224633936163430noreply@blogger.comtag:blogger.com,1999:blog-2336052313392023422.post-81005724075702140122018-11-01T16:00:00.000-06:002019-03-26T21:19:50.364-06:00Breaking News! Release of 2019 and 2020 mortgage rate predictions<h1 itemprop="headline">
<span style="font-size: large;">October 2018 forecast: Mortgage rate at 5.6% in 2020</span></h1>
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<time content="2018-10-29T21:34:54Z" itemprop="datePublished">Oct. 29, 2018 5:34 PM ET</time><span class="sep">|</span>About: <span class="sep">|</span>By:<span itemprop="author" itemscope="" itemtype="http://schema.org/Person"> <a href="https://seekingalpha.com/user/49447318/profile" itemprop="url" rel="author" sasource="news_3402374"><span itemprop="name">Liz Kiesche</span></a></span>, SA News Editor </div>
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<strong><span style="font-size: large;">Predicted Mortgage Rates</span></strong>: <strong>30-year fixed-rate mortgage rates</strong> to rise to 5.1% in 2019 and 5.6% in 2020, up from expected average rate of 4.5% this year, according to the October Forecast.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSFsF_Sw-YmCC6rkMXak5BVVEkIR_BfTv1OQ8Ezq5Z3qNeSzAmsfURXaWO2pIoyqnHrUQq9NxKlw2QZadbSh2ALMvtydTZzi1G_1vRmw6RqiyC1XSEz92Sn3zkD2Q8w2Ob2zovi74t2pA/s1600/Home+sales+and+recessions.PNG" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="710" data-original-width="1070" height="424" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSFsF_Sw-YmCC6rkMXak5BVVEkIR_BfTv1OQ8Ezq5Z3qNeSzAmsfURXaWO2pIoyqnHrUQq9NxKlw2QZadbSh2ALMvtydTZzi1G_1vRmw6RqiyC1XSEz92Sn3zkD2Q8w2Ob2zovi74t2pA/s640/Home+sales+and+recessions.PNG" style="cursor: move;" unselectable="on" width="640" /></a><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTqM7kYfGMqy89RYPeBPXqQsclq9K2-XEPzWqzU3KuH0GxZgefqJguEtRFqxAaibGu7JVU3qbF0dQWjeFXrXsHXNtDkiby_GxX2yssxFe1iRb3ZiUwO7Fdr49SW6CyWHSX-PaaMuGVy_s/s1600/Rate+increase+ahead.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="232" data-original-width="254" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTqM7kYfGMqy89RYPeBPXqQsclq9K2-XEPzWqzU3KuH0GxZgefqJguEtRFqxAaibGu7JVU3qbF0dQWjeFXrXsHXNtDkiby_GxX2yssxFe1iRb3ZiUwO7Fdr49SW6CyWHSX-PaaMuGVy_s/s1600/Rate+increase+ahead.jpg" /></a></div>
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<span style="font-size: large;"><strong>How high will payments go with the higher rates?</strong></span><br />
<span style="font-size: small;">4.50% was the Average rate for 2018</span><br />
<span style="font-size: small;">5.1% in 2019 (+$49/month on a $300,000 Loan Amount)</span><br />
<span style="font-size: small;">5.6% in 2020 (+$143/mo. on $300K LA)</span><br />
<strong><span style="font-size: small;">If take into consideration the increase in value (see below)</span></strong><br />
<strong><span style="font-size: small;">the payment increase in 2020 is estimated to be +$153 higher.</span></strong><br />
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<strong><span style="font-size: large;"></span></strong><br />
<strong><span style="font-size: large;">Home prices</span></strong> are expected to increase 5.4% in 2018 with the growth rate slowing to 4.6% in 2019 and 2.9% in 2020.</div>
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<u><span style="font-size: small;">Home price increases on a home valued at $331,100 (Dec 2017):</span></u></div>
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<span style="font-size: small;">Value at the end of 2018=+5.4%= $350,000</span></div>
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<span style="font-size: small;">Value at the end of 2019= +4.6% = + $16,100= $366,100 </span></div>
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<span style="font-size: small;">Value at the end of 2020= +2.9%= +$10,600= $376,700 home</span></div>
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<strong><span style="font-size: small;">Total of a $45,600 increase in value in THREE years!</span></strong></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJZZGrPb1-coBNXh_O3ZJ4JBhYHTwY0cQvDN1xwHPxgkl1xOwi3QOc9Bdfvdd6QpUUt3lneeP2yhNRICf7cmoB7dKqKKhRNEj6R4HRTtghgoWvE1fjQND1ZSQXw9Cj_chDT2JwFaZF4Xg/s1600/Home+prices+increasing.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="278" data-original-width="370" height="150" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJZZGrPb1-coBNXh_O3ZJ4JBhYHTwY0cQvDN1xwHPxgkl1xOwi3QOc9Bdfvdd6QpUUt3lneeP2yhNRICf7cmoB7dKqKKhRNEj6R4HRTtghgoWvE1fjQND1ZSQXw9Cj_chDT2JwFaZF4Xg/s200/Home+prices+increasing.png" width="200" /></a><strong><span style="font-size: large;">Total home sales</span></strong>--new and existing--are now forecasted to decline modestly this year to 6.07M, and then increase 1.8% to 6.18M in 2019 and rising 1.1% to 6.25M in 2020.</div>
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<span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"> </span></span></span><br />
<span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"> </span></span></span><br />
<span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: large;"><strong>Summary statement:</strong></span> </span></span></span></span></span></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjgOlEj-w9UOz2FE1knK1bEMaqrgFE3oTnCJ1nmS3q69lUoFhzdk_Z8s7LglUTd5LWDWCOvn_Ch2Nok-trsCeNbey_HLE5w6iqxPyOTiSFqkyKx0DR_M3ddhPpMNUGfNOP03-_KA2o2st0/s1600/Millennial+on+a+lawnmover.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="997" data-original-width="1600" height="124" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjgOlEj-w9UOz2FE1knK1bEMaqrgFE3oTnCJ1nmS3q69lUoFhzdk_Z8s7LglUTd5LWDWCOvn_Ch2Nok-trsCeNbey_HLE5w6iqxPyOTiSFqkyKx0DR_M3ddhPpMNUGfNOP03-_KA2o2st0/s200/Millennial+on+a+lawnmover.jpg" width="200" /></a></div>
"While we expect the weakness in housing activity to extend the next few months as the market absorbs the recent uptick in mortgage rates, <em><u>the combination of <strong>strong economic growth</strong> and <strong><a href="https://martyqualls.blogspot.com/2018/10/be-influencer-be-real-estate-agent-be.html">millennials</a> moving toward homeownership</strong> should help home sales regain momentum and rise modestly in 2019</u></em>," says Chief Economist Sam Khater.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhsRhh7IGj4mIM6rVPKtu1uuJGWKUghyphenhyphenEzETex3wc5A-i4FAJ4ZwCY0T1bGsBJXvpPoAV65aB8VaJChD6Y9SaOR8IQRayyDYeIrgmL-75QEKHrL3Jy4kNGvhVkAtmwDst0x_uz0WPBG-fc/s1600/Top+Mortgage+Lenders+2017-Scotsman+Guide.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="518" data-original-width="561" height="184" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhsRhh7IGj4mIM6rVPKtu1uuJGWKUghyphenhyphenEzETex3wc5A-i4FAJ4ZwCY0T1bGsBJXvpPoAV65aB8VaJChD6Y9SaOR8IQRayyDYeIrgmL-75QEKHrL3Jy4kNGvhVkAtmwDst0x_uz0WPBG-fc/s200/Top+Mortgage+Lenders+2017-Scotsman+Guide.png" width="200" /></a> </div>
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgMmzCYF7yAfwX7Z7wYVClXJYQv10AgXMltU-DWsBZJ3jkPgQCbi4myOuAoYWNkVZDorjiUSuxNMgObd3cmtjWP2HpgzZ_kYjWX_ZyWZMD-ATzyNXOL9wQtEHZlH-Bqu3L3gSnEOO3r8e8/s1600/Marty+cursive.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="583" data-original-width="628" height="185" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgMmzCYF7yAfwX7Z7wYVClXJYQv10AgXMltU-DWsBZJ3jkPgQCbi4myOuAoYWNkVZDorjiUSuxNMgObd3cmtjWP2HpgzZ_kYjWX_ZyWZMD-ATzyNXOL9wQtEHZlH-Bqu3L3gSnEOO3r8e8/s200/Marty+cursive.png" width="200" /></a><span style="font-size: large;"><strong>Marty Qualls</strong></span><br />
Cell 801-540-5108<br />
email: <a href="mailto:mqualls@primeres.com">mqualls@primeres.com</a><br />
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<a href="https://socialsurvey.me/pages/marty-qualls">My reviews</a><br />
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<a href="https://primaryutah.com/apply-now/">Convenient Online Loan Application</a><br />
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Marty Qualls 801-540-5108http://www.blogger.com/profile/04105224633936163430noreply@blogger.comtag:blogger.com,1999:blog-2336052313392023422.post-2832184051190767252018-10-30T21:32:00.000-06:002019-03-26T21:52:04.436-06:00Study says: Be an Influencer AND a Real Estate Agent and 80% of Millennials will want you!<h1 class="entry-title" itemprop="headline">
<span style="font-size: large;">A majority of millennials said they would consider hiring an "influencer" as a real estate agent, according to a new study.</span></h1>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEidVvJks10kljLc_wLXB6HPY8rL9mMtQSiNhI1BrCzXbOGuqglUYe7i6XA5XYwMyWBSLW8r1Yc4POc39t2gOEg2Ai1fjyYXVcdn9mUS2JcgKSaSafFfiMAOuLZc8ikNsq9h0qa9eF6aoUA/s1600/Influencer-2.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1067" data-original-width="1600" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEidVvJks10kljLc_wLXB6HPY8rL9mMtQSiNhI1BrCzXbOGuqglUYe7i6XA5XYwMyWBSLW8r1Yc4POc39t2gOEg2Ai1fjyYXVcdn9mUS2JcgKSaSafFfiMAOuLZc8ikNsq9h0qa9eF6aoUA/s320/Influencer-2.jpg" width="320" /></a></div>
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A survey of 1000 millennials born between 1982-1999, with income greater than $100,000 per year, found that 84% of these "High Earners, Not Rich Yet" or "HENRY's" confirmed that, "<u>Influencers impacted their decision to make purchases and 80% would consider hiring one as a Real Estate Agent</u>".<br />
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To be an influencer, we hear the phrase ‘be a digital mayor’ often in the real estate industry, but that’s not enough anymore,” said Engel & Völkers Americas President and CEO Anthony Hitt. <br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAD0BFj-h19ICon0vihZyL7DcUXzakypK4A04V9DiZpHs5cF3I0ze-Kjum4L3jXmo7FEU0EU_AY4NcOP-yAy1BI4caywGxL0KSSxCuLKzQArHSfmnaFcNNu-pUisZdxJHCs6k58ePOUeE/s1600/influencers1.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="320" data-original-width="640" height="159" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAD0BFj-h19ICon0vihZyL7DcUXzakypK4A04V9DiZpHs5cF3I0ze-Kjum4L3jXmo7FEU0EU_AY4NcOP-yAy1BI4caywGxL0KSSxCuLKzQArHSfmnaFcNNu-pUisZdxJHCs6k58ePOUeE/s320/influencers1.jpg" width="320" /></a>While you have to have the neighborhood knowledge, social presence, work for the right company, have the reputation that precedes your interaction with buyer's and seller's, you also have to have a <strong><span style="color: blue;">niche or distinguishing factor</span> that blends this knowledge with entertainment or aspirational value that will make you a center of influence</strong> — building your following and referral base as a result.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrx057slgWvyGDrd6RBi5s7qcpE3kDxF03OFus5f1haUGEBb1d_qdJo7in3v-9IMGbNHHrQh5LjMcbSRh1JDmZ8Tism0ANHZJuLzrxKGNriGv6rJ-FGdUSsnhrlfcgSPAdKWDZs2kvDI4/s1600/influencers2.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="525" data-original-width="1024" height="164" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrx057slgWvyGDrd6RBi5s7qcpE3kDxF03OFus5f1haUGEBb1d_qdJo7in3v-9IMGbNHHrQh5LjMcbSRh1JDmZ8Tism0ANHZJuLzrxKGNriGv6rJ-FGdUSsnhrlfcgSPAdKWDZs2kvDI4/s320/influencers2.jpg" width="320" /></a>The survey also found that 98% of HENRY's rely on social media or reviews based on websites like Yelp. With HENRY's poised to become the next generation of wealth, Realtor branding must set out specifics on how they plan to serve this distinctive generation. <br />
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Here are the top three factors for HENRY's choosing a Real Estate Agent:<br />
1) Referral from Friends and family 59%<br />
2) Reputation in the local neighborhood 53%<br />
3) Local neighborhood expertise 50%<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlGs3zySPQWaQeVG44yxu72svun53sr9SZ3FhsXbIei9kttpIW-pgl4iMOH-Y3SB_MnDXknFvdr2xUxvIlg5lOAtaqxBRzlnH3IDtdXUVEkhUlLNBXoirgCMa4FGWncPjJrgfsnx2R1JE/s1600/influencers-3.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="1056" data-original-width="1274" height="165" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlGs3zySPQWaQeVG44yxu72svun53sr9SZ3FhsXbIei9kttpIW-pgl4iMOH-Y3SB_MnDXknFvdr2xUxvIlg5lOAtaqxBRzlnH3IDtdXUVEkhUlLNBXoirgCMa4FGWncPjJrgfsnx2R1JE/s200/influencers-3.jpg" width="200" /></a>Authenticity has never been more important, and real estate agents should position themselves as trusted advisors and sources of insider information before, during and after the transaction.<br />
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These consumers are going to seek out agents they feel are knowledgeable and trustworthy — and ones that they can relate to or even aspire to on certain levels.<br />
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<a href="https://www.inman.com/2018/10/30/bye-bye-agents-millennials-want-influencers-to-handle-real-estate/?utm_source=referral&utm_medium=email&utm_campaign=sharedarticle">Source of information from Gabriela Barkho, Inman News</a><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgqnX9irAy_2XS6E8pBQxDyXs1YvYRV_RTHU3off5Yt0d9NN4rHyWdBdcXSQoSOAEz17_rExdKl3md3vfHNidTjGu6XmWBTuR2CVmlxoz9V5sihlZuIt3XgTK0i9MU59dmcNP2d9rwEoPs/s1600/Top+Mortgage+Lenders+2017-Scotsman+Guide.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="518" data-original-width="561" height="184" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgqnX9irAy_2XS6E8pBQxDyXs1YvYRV_RTHU3off5Yt0d9NN4rHyWdBdcXSQoSOAEz17_rExdKl3md3vfHNidTjGu6XmWBTuR2CVmlxoz9V5sihlZuIt3XgTK0i9MU59dmcNP2d9rwEoPs/s200/Top+Mortgage+Lenders+2017-Scotsman+Guide.png" width="200" /></a><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhLk-xSMAB8awgT8ZH-zPeCoYvtq1dBeIecrrMn_Wc2vOaOJNTGlvxOnHIlj0Pk1z8IWrhkQ8HE40zvEazo-kKofJjUWj-o8PGz6Xnfc-ruK8y1bk-NMJuGZuhsb9uWEzbjHb2vhfwGgHA/s1600/Marty+cursive.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="583" data-original-width="628" height="185" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhLk-xSMAB8awgT8ZH-zPeCoYvtq1dBeIecrrMn_Wc2vOaOJNTGlvxOnHIlj0Pk1z8IWrhkQ8HE40zvEazo-kKofJjUWj-o8PGz6Xnfc-ruK8y1bk-NMJuGZuhsb9uWEzbjHb2vhfwGgHA/s200/Marty+cursive.png" width="200" /></a><span style="font-size: large;"></span><br />
<span style="font-size: large;"><strong>Marty Qualls</strong></span><br />
<span style="font-size: small;">PRMI Mortgage-Ogden Office</span><br />
<strong>801-540-5108</strong><br />
email: <strong><a href="mailto:mqualls@primeres.com">mqualls@primeres.com</a></strong><br />
<br />
<a href="https://socialsurvey.me/pages/marty-qualls">For my reviews</a><br />
<br />Marty Qualls 801-540-5108http://www.blogger.com/profile/04105224633936163430noreply@blogger.comtag:blogger.com,1999:blog-2336052313392023422.post-42400213687391401072018-10-25T16:33:00.000-06:002019-03-26T21:53:00.034-06:001st of 10 Clever ways to save money on your Mortgage!<h3>
Save money on your Mortgage with your Mortgage Loan Servicer </h3>
<span style="font-size: large;">Modify your loan:</span><br />
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj4O50OJO4IkIUo_29RW4s7AZ5sGg2l21S008M9MzIWmi2eCjS5KcY24ry7DGMf8iLAsYyk1L-txjcIzRqqz7zdgp5WA4Dik-A7EuwyEad_6o_xpy65mlldGuEhSa5y7Rp9A3Ol9fnZwUc/s1600/Expect+to+pay+it+back.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="168" data-original-width="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj4O50OJO4IkIUo_29RW4s7AZ5sGg2l21S008M9MzIWmi2eCjS5KcY24ry7DGMf8iLAsYyk1L-txjcIzRqqz7zdgp5WA4Dik-A7EuwyEad_6o_xpy65mlldGuEhSa5y7Rp9A3Ol9fnZwUc/s1600/Expect+to+pay+it+back.jpg" /></a>If you are late on payments or going through <strong><span style="color: #a864a8; font-size: medium;">tough times</span></strong>, you might qualify for a loan modification through various programs. Whether PRMI is your loan servicer, or if you make your payments to someone else, loan modification is an excellent opportunity for you to work out a program to enable you to stay in your home! <br />
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Depending on the program, you could qualify for a reduced interest rate, forgiveness of part of the principal, or an extended loan period and lower monthly payment. Check out various programs on <strong><span style="color: #a864a8; font-size: medium;">MakingHomeAffordable.gov</span></strong> or contact your mortgage servicer.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-buRfWo22Mq-W5A8pBqH3KdBbERcsW3i_HomLLerSWWUOgyBlcJvIZEpUgPAF5iQ9fcG3oi7TH61RGGwpA1J_I3F8pui1w_i8FzTKpXz_ZrXBiNNaZXehewvECWF8vyLUaChnR4-RaMs/s1600/Marty+cursive.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="583" data-original-width="628" height="185" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-buRfWo22Mq-W5A8pBqH3KdBbERcsW3i_HomLLerSWWUOgyBlcJvIZEpUgPAF5iQ9fcG3oi7TH61RGGwpA1J_I3F8pui1w_i8FzTKpXz_ZrXBiNNaZXehewvECWF8vyLUaChnR4-RaMs/s200/Marty+cursive.png" width="200" /></a><span style="color: blue; font-size: large;"><strong></strong></span><br />
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<span style="color: blue; font-size: large;"><strong>Marty Qualls</strong></span><br />
Visit on the phone: <strong><span style="color: blue;">801-540-5108</span></strong><br />
Questions? send me an email: <a href="mailto:mqualls@primeres.com"><strong>mqualls@primeres.com</strong></a><br />
Click here for my client reviews: <a href="http://socialsurvey.me/pages/marty-qualls">Marty's Report Card</a><br />
<br />
<span style="color: blue;">Mortgages with Marty Qualls in Utah since 1991!</span><br />
<h2>
Click here for <a href="http://martyqualls.net/">Mortgage tips and guidance!</a></h2>
Marty Qualls 801-540-5108http://www.blogger.com/profile/04105224633936163430noreply@blogger.comtag:blogger.com,1999:blog-2336052313392023422.post-66239284549372870802018-02-27T15:46:00.001-07:002018-11-01T15:44:43.702-06:00What can cause mortgage rates to go up?Federal Reserve Chairman Jerome Powell testified in front of the House Financial Service Committee on the State of the U.S economy. Wages have increased 2.9% year over year in January (after a dismal 2.5% average in 2017) and as wage growth continues, businesses will need to fund this growth with higher product prices. This will contribute to inflation. Inflation hurts bond values and when bond prices go down, rates go up. <br />
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The Mortgage Bankers Association (MBA) continues to predict that there will be four short term borrowing rate increases this year (what the government charges banks for overnight loans). These rate changes will create ongoing volatility in mortgage rates. The MBA has also predicted an average rate of 4.80% in the 4th quarter, 2018. <br />
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According to S&P Case Shiller, December saw home prices increasing and February consumer confidence hit the highest level since November, 2000. Wage increases, higher product prices, home value increases and consumer confidence at a multi year high predict increasing mortgage rates. <br />
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Here's where all of this information took me this morning:</h3>
This morning, I calculated an increase of $47/mo in house payment at a future 4.8% interest rate versus what we have available today. My client this morning was wondering if buying now or waiting until the end of the year made the most sense considering they are locked into a rental contract until year end? <br />
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Something else to consider would be home value appreciation and a higher sales price of $15,600 (considering a 6% home value appreciation per year).<br />
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With higher rates and higher sales prices at year end, my client is now wondering if it makes sense to break their lease early and purchase now?<br />
<h3>
If you would like to review your options to purchase or refinance, give me a call at 801-540-5108. </h3>
<a href="https://socialsurvey.me/pages/marty-qualls">My reviews</a><br />
<a href="https://primaryutah.com/apply-now/">Convenient Online Application</a>Marty Qualls 801-540-5108http://www.blogger.com/profile/04105224633936163430noreply@blogger.comtag:blogger.com,1999:blog-2336052313392023422.post-61000732029573253762018-01-03T16:25:00.000-07:002019-03-26T21:53:45.927-06:00Today's rates and what it means for January 2018?<br />
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<span style="mso-fareast-font-family: "Times New Roman";"><span style="font-size: large;"><span style="color: #444444;"><span style="font-family: "helvetica";">Today's Rates<o:p></o:p></span></span></span></span></h3>
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<span style="color: grey; font-family: "helvetica" , sans-serif;">Mortgage rates today
have opened unchanged, as investors ignored this morning's financial
reporting and continued to wait for Friday's Employment Report.<o:p></o:p></span></div>
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<span style="color: grey; font-family: "helvetica" , sans-serif;">The Institute For
Supply Management released its <strong><span style="font-family: "helvetica" , sans-serif;">ISM
Manufacturing Index</span></strong> for December. The index tracks where
production managers in the US feel their business is heading -- anything over
50 means business is increasing. Experts anticipate that the index will drop
slightly from last month's 58.2 to 58.0. We got a rise, however, to 59.7.
This could hurt rates if anyone pays attention to it -- the report is known
to be volatile<span style="font-size: large;">.</span></span></div>
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Manufacturing and production output (as well as the feeling business has about the future of the economy) is a predictor or WHEN inflation will start. In my experience over the years, I have seen this increase in the ISM a preview of increasing rates (inflation). <br />
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<a href="https://primaryutah.com/apply-now/">Purchase or Refinance:online application</a><br />
<br />
<strong>Marty Qualls</strong><br />
801-540-5108<br />
<a href="mailto:mqualls@primeres.com"><strong>mqualls@primeres.com</strong></a><br />
<a href="https://primaryutah.com/apply-now/"></a><br />
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<a href="https://primaryutah.com/apply-now/">click to apply</a><a href="https://primaryutah.com/apply-now/">Secure Online Application with Marty Qualls</a>Marty Qualls 801-540-5108http://www.blogger.com/profile/04105224633936163430noreply@blogger.comtag:blogger.com,1999:blog-2336052313392023422.post-5633479668734545792018-01-03T16:07:00.000-07:002019-03-26T21:54:35.055-06:00Rate forecast for January 2018<table align="left" border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; mso-padding-alt: 0in 0in 0in 0in; mso-table-anchor-horizontal: column; mso-table-anchor-vertical: paragraph; mso-table-left: left; mso-table-lspace: 2.25pt; mso-table-rspace: 2.25pt; mso-yfti-tbllook: 1184; width: 100%px;"><tbody>
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<a href="https://primaryutah.com/apply-now/"><img alt="Click on Buy or Refinance" border="0" data-original-height="168" data-original-width="271" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-vwj3v2WsDQJSJvrhrEByxLieseE9xB_r7CbDT1nWL9mVMJ6LtKAzkyLacWUiKniA66yxe6NnW6IXCP6VRvt1MiAJTo_j8DT3dFMW6wIf-aVDvU9JqNKNAWNFX-JMaIBHKWU9AP7LRMY/s1600/Buy+or+refinance.jpg" title="Buy or Refinance: Online application" /></a></div>
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<tr style="mso-yfti-firstrow: yes; mso-yfti-irow: 0; mso-yfti-lastrow: yes;"><td style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; background-color: transparent; border: rgb(0, 0, 0); padding: 0in; width: 6.25in;" valign="top" width="600"><table align="left" border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; border-collapse: collapse; max-width: 100%; min-width: 100%; mso-padding-alt: 0in 0in 0in 0in; mso-table-anchor-horizontal: column; mso-table-anchor-vertical: paragraph; mso-table-left: left; mso-table-lspace: 2.25pt; mso-table-rspace: 2.25pt; mso-yfti-tbllook: 1184; width: 100%px;"><tbody>
<tr style="mso-yfti-firstrow: yes; mso-yfti-irow: 0; mso-yfti-lastrow: yes;"><td style="-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; background-color: transparent; border: rgb(0, 0, 0); padding: 0in 13.5pt 6.75pt;" valign="top"><span style="color: grey; font-family: "helvetica" , sans-serif;"><span style="font-size: large;">It's a new year, but a similar story from years past is on repeat. Mortgage rates are low, but not for long.<o:p></o:p></span></span> <br />
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<span style="color: grey; font-family: "helvetica" , sans-serif;">Just about every analyst out there is calling for higher rates in the new year. The economy is breaking records, and a freshly minted tax code could induce economic expansion, but also inflation.<o:p></o:p></span></div>
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<span style="color: grey; font-family: "helvetica" , sans-serif;">All these factors are bad for mortgage rates.<o:p></o:p></span></div>
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<span style="color: grey; font-family: "helvetica" , sans-serif;">The good news, though, is that rates are surprisingly steady in the face of overarching changes like the new tax law. A golden opportunity still exists for those who are looking to buy or refinance a home in 2018.</span></div>
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Marty Qualls 801-540-5108 <a href="mailto:mqualls@primeres.com">mqualls@primeres.com</a></h3>
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Marty Qualls 801-540-5108http://www.blogger.com/profile/04105224633936163430noreply@blogger.comtag:blogger.com,1999:blog-2336052313392023422.post-49967796231481348082017-11-30T20:50:00.000-07:002019-03-26T22:01:26.786-06:00Conforming Mortgage Loan Limits for 2018 increasing!<br />
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<b><span style="color: #021262; font-family: "arial" , sans-serif; font-size: 18pt;">New
Conforming Loan Limits in 2018</span></b><span style="color: #021262; font-family: "arial" , sans-serif; font-size: 18pt;"> <o:p></o:p></span></div>
<span style="color: #5b5b5b; font-family: "arial" , sans-serif; font-size: 11.5pt;">The Federal Housing
Finance Agency (FHFA) announced new maximum loan limits effective January 1,
2018 for conforming loans. <br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgRC-_2zfeNO4AtIcPs68TL_8GVtBoWNcJvEwPBN0EbwPt27eK8RGVBlMNES5IPZKRdxJVIyO4rUh6zxJk-k0MFAthcTEGy_1ZDFVQnVvKWceAVNaE7-Pn9s2Tc1NvoLb5paOVIFuQiVaU/s1600/PRMI+Blue%252BSilver_hori2+PREFERRED+PNG.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="1280" data-original-width="1600" height="160" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgRC-_2zfeNO4AtIcPs68TL_8GVtBoWNcJvEwPBN0EbwPt27eK8RGVBlMNES5IPZKRdxJVIyO4rUh6zxJk-k0MFAthcTEGy_1ZDFVQnVvKWceAVNaE7-Pn9s2Tc1NvoLb5paOVIFuQiVaU/s200/PRMI+Blue%252BSilver_hori2+PREFERRED+PNG.png" width="200" /></a></div>
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<u>In most of the U.S., the 2018 maximum conforming loan limit for one-unit
properties will be $453,100</u>, an increase from $424,100 in 2017. Higher loan
limits will be in effect in higher-cost areas. New loan limits, however, will
not take effect in 71 counties or county equivalents around the country. <br />
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<b><i><span style="color: #021262; font-family: "arial" , sans-serif; font-size: 11.5pt;"><span style="color: red;">What
prompted this change?</span></span></i></b><span style="color: #5b5b5b; font-family: "arial" , sans-serif; font-size: 11.5pt;"> The Housing and Economic Recovery Act (HERA) requires that the baseline
conforming loan limit be adjusted each year to
reflect the change in the average U.S. home price. <br />
<br />
On November 28, FHFA published its third quarter 2017 House Price Index report,
which included estimates for the increase in the average U.S. home value over
the previous four quarters. According to the report, house prices increased 6.8
percent, on average, between the third quarters of 2016 and 2017. Therefore,
the baseline maximum conforming loan limit in 2018 will increase by the same
percentage. <br />
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</span><b><i><span style="color: #021262; font-family: "arial" , sans-serif; font-size: 11.5pt;"><span style="color: red;">With
home prices on the rise, the conforming loan limit increase opens up
opportunities and helps keep home loans more affordable for more Americans.</span></span></i></b><span style="color: #5b5b5b; font-family: "arial" , sans-serif; font-size: 11.5pt;"> <br />
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If you'd like to learn more about these new loan limits or other loan products,
please get in touch with me today. I'm happy to help! </span><br />
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<!--[endif]--></span>Marty Qualls 801-540-5108http://www.blogger.com/profile/04105224633936163430noreply@blogger.comtag:blogger.com,1999:blog-2336052313392023422.post-56094245406749402442017-02-10T12:51:00.000-07:002017-02-13T10:51:46.216-07:00When are mortgage rates going to go up?<div data-block="true" data-contents="true" data-editor="b1u4j" data-offset-key="2gf88-0-0">
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<span data-offset-key="24lgr-0-0"><span data-text="true">For the fourth straight month, the Rasmussen Reports Consumer Spending Update shows confidence in the economy trending upward - with an amazing 25-point overall increase in economic confidence and a 26-point increase in confidence in the direction of the economy since the 2016 presidential elections. </span></span></div>
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<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2ChU5ZTqtvqVumf8P68vveJx0Plrg_ovxG8ClyARKDNP68oNJbfoPkmm2d5bws4mSCfUc2-Zz_rmMbi7-F4UWsZvKwKefJTSP1DjQXtVvjzjCP-K73tcaWEy6G1pwMPMjhuZQPsUKODc/s1600/1952.png" imageanchor="1" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2ChU5ZTqtvqVumf8P68vveJx0Plrg_ovxG8ClyARKDNP68oNJbfoPkmm2d5bws4mSCfUc2-Zz_rmMbi7-F4UWsZvKwKefJTSP1DjQXtVvjzjCP-K73tcaWEy6G1pwMPMjhuZQPsUKODc/s1600/1952.png" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">#1 wealth accumulator in America is to own real property!</td></tr>
</tbody></table>
<div class="_1mf _1mj" data-offset-key="furmv-0-0">
<span data-offset-key="furmv-0-0"><span data-text="true">What does this mean for interest rates? Are they <u>REALLY </u>on the way up like everyone is talking about? </span></span></div>
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<div class="_1mf _1mj" data-offset-key="6bbg7-0-0">
<span data-offset-key="6bbg7-0-0"><span data-text="true">Because the economic cycle predicts what will happen with interest rates relative to growth of wages, consumer confidence, Wholesale price escalation, etc., we have data which supports what will be happening in the future of the mortgage industry in 2017. </span></span></div>
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<span data-offset-key="1k0c1-0-0"><span data-text="true">Okay, so what is going to happen? </span></span></div>
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<div data-block="true" data-contents="true" data-editor="b1u4j" data-offset-key="5miq2-0-0">
<div class="_1mf _1mj" data-offset-key="5miq2-0-0">
<span data-offset-key="5miq2-0-0"><span data-text="true">As <u>consumer confidence increase</u>s, our economy is expanding and workers (consumers) will buy more products, increasing demand which at a certain point, creates inflationary pressure (From our old days in Econ 101-Demand and Supply lecture). </span></span></div>
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<span data-offset-key="d2t73-0-0"><span data-text="true"><u>Mortgage bonds HATE inflation!</u> So, If bond prices go down, because they don't like inflation, rates go up. Really, from my vantage point and from what I read from experts that are a whole lot smarter than I am, it's just a matter of time before the rates go up. </span></span></div>
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<span data-offset-key="5gd25-0-0"><span data-text="true">Then you might be wondering by how much will the rates be increasing? That's for another post. </span></span></div>
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<div class="_1mf _1mj" data-offset-key="4llm8-0-0">
<span data-offset-key="4llm8-0-0"><span data-text="true"><b>But for now</b>? Our rates continue to hover at historic lows. <b>Great news</b> for purchasing, building and refinancing. </span></span></div>
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<span data-offset-key="3d8ij-0-0"><span data-text="true">I look forward to helping with mortgage questions and needs! </span></span></div>
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<h3 class="_1mf _1mj" data-block="true" data-contents="true" data-editor="b1u4j" data-offset-key="ebhdb-0-0">
<span data-offset-key="ebhdb-0-0"><span data-text="true"><span style="color: #45818e;">Marty 801-540-5108</span></span></span></h3>
<b></b><i></i><u></u><sub></sub><sup></sup><strike></strike><br />Marty Qualls 801-540-5108http://www.blogger.com/profile/04105224633936163430noreply@blogger.comtag:blogger.com,1999:blog-2336052313392023422.post-86363861164791827862017-02-07T20:42:00.000-07:002017-02-13T10:54:46.000-07:00Home Values Increasing Along With OwnershipIt was an exciting time for home ownership growth in 1992 as Bill Clinton became our 42nd President. President Clinton PUSHED for homeownership in America! It made sense for America because there would be less public assistance needed because there would be fewer divorces because that's the good thing about owning a home, it provides stability. Statistics supported family formation AND home ownership to stop the drain on financial assitance. <br />
President Clinton knew his numbers. <br />
He knew his facts.<br />
He knew that welfare and other public assistance costs associated with a single parent home would decrease, IF he could get what he wanted... <br />
<strong>His goal was that 67%</strong> of American households would be home owners!<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTDBY3lSxaSmQ4gyykN_zd0qP1opr3Ygxj9KuywJYOedejUgYb84NaB37OpHlsqRPyj7_LcmS1RGTdHm1Eo4bf_bqETNyK53QzvwLHZi9SZGv8jTsGM6fJqUxe3QvAy7_oJv82FsYvvdA/s1600/America+House.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="135" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTDBY3lSxaSmQ4gyykN_zd0qP1opr3Ygxj9KuywJYOedejUgYb84NaB37OpHlsqRPyj7_LcmS1RGTdHm1Eo4bf_bqETNyK53QzvwLHZi9SZGv8jTsGM6fJqUxe3QvAy7_oJv82FsYvvdA/s200/America+House.jpg" width="200" /></a></div>
<br />
President Clinton came close to reaching his wishes of American homeownership as the housing industry BOOMED! But it wasn't until June, 2004 when then President #43, George W Bush, reaped the rewards of a fully engaged economy working WITH mortgage rates and home ownership to create a country where...<br />
<strong>69.2%</strong> of American Households owned a piece of the rock!<br />
<br />
Agenda's change, the economy lags, goals for homeownership fall away and twelve years go by and on July 28, 2016 American household home ownership FELL to the lowest level since 1965...<br />
<strong>62.9%. </strong>:( Boo! <br />
<br />
19 months later we now see the percentage of American Households owning their own home increasing, ever so slightly, but increasing every quarter! :) Yay!<br />
As we closed out 2016 and were on the verge of swearing in our 45th President, we now see...<br />
<strong>63.24% of American's OWNING! </strong><br />
<br />
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjalPp99hNFkOGeaHzzsn9Gsg9a1fF0ZUjMUnYKW9zciJ7gPGnaUOISruDFAVhhpQUMiiyAhaSO1O6-r8s1-whCgRCG00DUgwF0bcml2Jmj4TmcV5BPZ3h5PiXkn7pzxilZSXf-595ad6w/s1600/Keys+to+Home.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="165" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjalPp99hNFkOGeaHzzsn9Gsg9a1fF0ZUjMUnYKW9zciJ7gPGnaUOISruDFAVhhpQUMiiyAhaSO1O6-r8s1-whCgRCG00DUgwF0bcml2Jmj4TmcV5BPZ3h5PiXkn7pzxilZSXf-595ad6w/s200/Keys+to+Home.jpg" width="200" /></a>These are households who are not<strong> </strong>renting or living with relatives and are enjoying the current home value appreciation of 3-7% annually (depending on the state you live in and/or the neighborhood you live in-YES, the neighborhood in UTAH makes a 3% difference in annual home value appreciation, just ask your Realtor!).<br />
<br />
<strong>Marty Qualls</strong><br />
Professional Mortgage Services since 1991<br />
<a href="https://www.facebook.com/mortgageswithmarty/">Click here to "like" or follow "Mortgages with Marty!" on Facebook!</a><br />
801-540-5108<br />
<br />
<br />
<br />Marty Qualls 801-540-5108http://www.blogger.com/profile/04105224633936163430noreply@blogger.comtag:blogger.com,1999:blog-2336052313392023422.post-12654428130529116522016-06-29T12:45:00.003-06:002016-06-29T12:45:44.317-06:00When is the "perfect" time to lock your mortage rate?<h2>
Know How To Recognize A Good Mortgage Rate</h2>
Mortgage lenders are often asked if there is a best time of day, day
of the week, or period of the year when a prospective borrower should
lock in a mortgage interest rate. <a href="http://themortgagereports.com/14919/current-mortgage-rates-today"><br /></a><br />
<u>The truth is</u>, no one can tell with any degree of accuracy what rates will do.<br />
In fact, the best time to lock a mortgage is when the unexpected happens.<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjsgPMAgNVcCzYlRCvwt2k7wDP4rorstoz_CnVfG5uK9iMwqlXQAPO5vjiHoZp23fcp-gU7Ezx0TC6qUn1_LfjXXIqZjzAEajlzY-1nIpBdZaHfTS78DDCKvqy3U0m551H43XOM4Nk6T6g/s1600/Interest+Rate-Question.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjsgPMAgNVcCzYlRCvwt2k7wDP4rorstoz_CnVfG5uK9iMwqlXQAPO5vjiHoZp23fcp-gU7Ezx0TC6qUn1_LfjXXIqZjzAEajlzY-1nIpBdZaHfTS78DDCKvqy3U0m551H43XOM4Nk6T6g/s200/Interest+Rate-Question.jpg" width="122" /></a></div>
<br />
<br />
Case in point: <b>Brexit</b><br />
Recently, Britain voted to exit the European Union. “Brexit,” as it
is known, caused an international "flight to quality," meaning investors
worldwide sought perceived safe assets like U.S. mortgage bonds.
Mortgage rates fell dramatically.<br />
<u>These unforeseen shifts are the best time to lock a mortgage.</u> But
what if you’re not fortunate enough to be rate shopping during a period
of mortgage rate upheaval?<br />
Then, you go into the process knowing how to recognize a good rate, and being ready to lock it in.<br />
<h2>
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhj9uSJN_ahujE10HMVneIb7Wn9CMvDRlEkin0veMiBWQagBq_jElSGvv-4zD1NbRA6fvtTiqH8GU9hmJF6Kw-E1naMg-9fYDe2-PzlfGj2t7nSzru0Fx4lcthIrBcLGHTyHQGh7GkNxzM/s1600/Interest+Rates+Rising.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="118" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhj9uSJN_ahujE10HMVneIb7Wn9CMvDRlEkin0veMiBWQagBq_jElSGvv-4zD1NbRA6fvtTiqH8GU9hmJF6Kw-E1naMg-9fYDe2-PzlfGj2t7nSzru0Fx4lcthIrBcLGHTyHQGh7GkNxzM/s200/Interest+Rates+Rising.jpg" width="200" /></a>
Locking The Perfect Rate Is Like Hitting A Moving Target</h2>
Purchasing a home could be the most impactful financial decision you
will make in your life. You want to capitalize on the lowest possible
rate.<br />
In an ideal world, you would know when to pull the trigger on a rate
lock with perfect timing -- assured in the knowledge that rates have hit
their relative lowest point. But with interest rates subject to change
daily and even hourly, choosing the right time to pull the trigger on a
rate lock can be difficult.<br />
This is a matter best discussed with experienced mortgage expert who
can review your unique situation and suggest relevant options.<br />
<br />
<a name='more'></a><br />
There are
certain dates on the calendar and other factors that can help guide
your decision.<br />
Data suggests that mortgage rates are most stable on Monday's versus Wednesdays and Fridays, when rates are most skittish -- per research from mortgage market analysis website MBSQuoteline.<br />
<br />
However, many professionals agree that there are certain dates of the
year on or immediately after which you should be watching the market.<br />
These include the first Friday of every month, when the U.S. Bureau of Labor Statistics releases its <u>jobs reports </u>and days when the <u>Federal Reserve holds its policy meetings</u>.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhH4wW0KEf07l_tkjQ30KwpYRcc0lLHzxAy12rMWKSSPGHI2OGh1XpB3KyPk92bX2ABNeR87USp_4XWhhr-8RSix7Thzf8R7se89SrS-nMw0c97aJ5KBq6Ljzue4kXthlNyt9-1IPnE0ps/s1600/percentage+teeter+totter.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhH4wW0KEf07l_tkjQ30KwpYRcc0lLHzxAy12rMWKSSPGHI2OGh1XpB3KyPk92bX2ABNeR87USp_4XWhhr-8RSix7Thzf8R7se89SrS-nMw0c97aJ5KBq6Ljzue4kXthlNyt9-1IPnE0ps/s1600/percentage+teeter+totter.jpg" /></a></div>
Fed meetings last two days, and consumers should be ready to lock
after the meeting adjourns on the second day. At meeting’s end, the
group releases its statement. Rate-favorable news found therein can
drive down rates dramatically.<br />
Meetings for the remainder of 2016 are as follows.<br />
<ul>
<li>July 26-27</li>
<li>September 20-21</li>
<li>November 1-2</li>
<li>December 13-14</li>
</ul>
Although it can be smart to pay attention to events that can affect
the interest rate market and seek advice from your chosen mortgage
professional, deciding when to lock in your rate is ultimately up to
you.<br />
<br />
<u>KEY QUESTION</u>: Ask yourself-would you be more uncomfortable if you
locked in and rates went down, or if you didn’t lock-in and rates went
up?”<br />
<br />
My golden rule is to lock in as soon as you have a scenario that
works for you.<br />
But don’t second-guess yourself. When you have made a decision to lock, LOCK AND DON'T LOOK BACK is what I tell my clients. We have done the best we can with the information available to make a decision about locking. <br />
<br />
Determine your risk
tolerance and decide on your strategy about when to lock prior to
making a decision to lock. Determining your risk tolerance is key!<br />
Marty Qualls 801-540-5108http://www.blogger.com/profile/04105224633936163430noreply@blogger.comtag:blogger.com,1999:blog-2336052313392023422.post-34063890554289405472016-06-28T14:36:00.000-06:002019-03-26T21:57:55.819-06:00Condo Certs are difficult to obtain!<!--[if gte mso 9]><xml>
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<span style="color: black; font-family: "georgia" , "serif"; font-size: 10pt; line-height: 140%;">Is it any wonder nobody wants to
originate a mortgage for a condo these days? Not only are there exceptionally
stringent guidelines to adhere to as far as whether the project is eligible
for financing, but it costs the donation of your left kidney to obtain the
documents required to determine this.</span></div>
<div style="line-height: 140%;">
<br />
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhZtMLJqvTrL56AdZP0vbP2aIiec0roFvvUL7dvuGkVBfD19pFJCwnpubie8Es51mIZmxYDxg8AN4vc94cTcVaYz0jBMDmDSPMj-qUqNOf7xT41aBZ4moZaE0uriXWZSGW4NzQ5lggV3dM/s1600/00401415.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhZtMLJqvTrL56AdZP0vbP2aIiec0roFvvUL7dvuGkVBfD19pFJCwnpubie8Es51mIZmxYDxg8AN4vc94cTcVaYz0jBMDmDSPMj-qUqNOf7xT41aBZ4moZaE0uriXWZSGW4NzQ5lggV3dM/s200/00401415.jpg" width="133" /></a><span style="color: black; font-family: "georgia" , "serif"; font-size: 10pt; line-height: 140%;">For a good while the trend has
been for Property Management companies to steer us to an automated website in
order to obtain the elusive condo questionnaire, Master Insurance Policy,
Budget, CCRs, Litigation Information, and Bylaws. In order for one to gain
access to these all important items, it is required to pay upwards of $250!
After waiting a few days, time that can barely be spared, the documents are
available to download, at which point you discover the Master Insurance
Declaration Page is expired, or the project is non-warrantable, which sees
your $250 go up in flames as your money was spent on a project that is not
worthy of a regular loan.</span><br />
<span style="color: black; font-family: "georgia" , "serif"; font-size: 10pt; line-height: 140%;"></span><br />
<a name='more'></a></div>
<div style="line-height: 140%;">
<span style="color: black; font-family: "georgia" , "serif"; font-size: 10pt; line-height: 140%;">I have a number of issues with
this entire process.</span></div>
<div class="MsoNormal" style="line-height: 140%; margin-bottom: 12pt; margin-left: 48pt; text-indent: -0.25in;">
<span style="color: black; font-family: "georgia" , "serif"; font-size: 10pt; line-height: 140%;"><span style="mso-list: Ignore;">1.<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "times new roman";"> </span></span></span><span style="color: black; font-family: "georgia" , "serif"; font-size: 10pt; line-height: 140%;">Why is the listing
agent not obtaining these items prior to listing the property for sale? It’s
a gross misrepresentation if the listing doesn’t indicate the
possibility that it cannot be financed. And, what kind of service are they
offering the seller without this information in hand </span></div>
<div class="MsoNormal" style="line-height: 140%; margin-bottom: 12pt; margin-left: 48pt; text-indent: -0.25in;">
<span style="color: black; font-family: "georgia" , "serif"; font-size: 10pt; line-height: 140%;"><span style="mso-list: Ignore;">2.<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "times new roman";"> </span></span></span><span style="color: black; font-family: "georgia" , "serif"; font-size: 10pt; line-height: 140%;">Why are the condo cert
online services allowed to charge, indiscriminately it seems, for each item,
or to fill out a lender specific questionnaire, and then add on rush fees of
varying amounts as they know we have little to no time to get the official
condo approval from our lenders </span></div>
<div class="MsoNormal" style="line-height: 140%; margin-bottom: 12pt; margin-left: 48pt; text-indent: -0.25in;">
<span style="color: black; font-family: "georgia" , "serif"; font-size: 10pt; line-height: 140%;"><span style="mso-list: Ignore;">3.<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "times new roman";"> </span></span></span><span style="color: black; font-family: "georgia" , "serif"; font-size: 10pt; line-height: 140%;">Why should the buyer
pay out at least $250, and likely more, only to discover that they can’t
actually buy the home – different than obtaining a home inspection that lists
repairs that can actually be fixed </span></div>
<div style="line-height: 140%;">
<span style="color: black; font-family: "georgia" , "serif"; font-size: 10pt; line-height: 140%;">To address the first item, I’m
appalled that when a client of mine is home shopping, they happen upon a nice
condo, and their knowledgeable agent asks me what specific questions they
need to request of the listing agent to determine the eligibility for
financing, that the majority of listing agents have absolutely no idea, and
neither have they tried to find out, unless some unfortunate individual had
already been in contract to purchase and found out the hard and expensive way
that it could not be financed. Do your fiduciary duty to your seller and buy
the information before you list it!</span></div>
<div style="line-height: 140%;">
<span style="color: black; font-family: "georgia" , "serif"; font-size: 10pt; line-height: 140%;"><a href="http://thenationalrealestatepost.com/wp-content/uploads/2016/06/condo-quest.jpg" target="_blank"><b><span style="color: #cc0000; text-decoration: none;"></span></b></a>For
my second issue, I honestly have a difficult time believing that in this post
TRID era, where I am basically chastised if I mistakenly misquote a tiny fee
of any kind, that I cannot obtain the fees for the condo documents in order
to disclose them, until we are in escrow, I am given the project name, and
have the correct website to go to. And, once I do receive the fees, I can be
indiscriminately charged for different rush levels, specific forms, and
whether I need a hard copy, so that my original $190 bill becomes $390 in a
nanosecond. That’s almost the same cost as an appraisal, and I feel there is
vastly less skill or elbow grease gone into the electronic mailing of documents
that never change. How is this allowed to happen?</span></div>
<div style="line-height: 140%;">
<span style="color: black; font-family: "georgia" , "serif"; font-size: 10pt; line-height: 140%;">Finally, I don’t agree that the
buyer of a property should have to wait to find out if a loan can even be
originated on their dream home after going through the rigmarole of writing a
contract, being accepted, getting earnest money deposits into escrow,
starting their inspections, which is more money out of their pocket, and
usually all because the agents want a super quick close, so there is no time
to waste. The whole thing just stinks!</span></div>
<div style="line-height: 140%;">
<span style="color: black; font-family: "georgia" , "serif"; font-size: 10pt; line-height: 140%;">So, while my rant is partially at
the automated services that are now predominantly controlling the
documentation we need and charging a small fortune in the process, I am
equally upset that Realtors are not offering the right level of service to
their sellers by feigning ignorance of lending requirements, or indifference,
and are not willing to do their due diligence when accepting their seller as
a client. And, to top it all, are then rude in their correspondence when the
Loan Originator breaks the news that the property can only be financed by a
higher rate, higher down payment portfolio loan.</span></div>
<div style="line-height: 140%;">
<span style="color: black; font-family: "georgia" , "serif"; font-size: 10pt; line-height: 140%;">It’s about time more Realtors were
better educated on the nuances of lending, and cared more about the service
they offer, than a quick close leading to their pay check…or in this case, no
pay check. And, in this age of over-regulation there should also be more
rules in place that determine allowable costs for obtaining necessary
information that is hidden away under lock an key until passage is paid.</span></div>
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</span><br />
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</span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJMy1zWostUSlIaAI_B-r6OdhwW-M5ZF29vjZhcBv8yD2hHapapXgvNrPYS-1GRywCF8GtAoX_uKFMRUP6lgL6YdY7aji1oO8aEMMtHswlyVRiFGgWvh1tJQmJz_-wxSBxhennQvikmy4/s1600/Thank+you%2521.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJMy1zWostUSlIaAI_B-r6OdhwW-M5ZF29vjZhcBv8yD2hHapapXgvNrPYS-1GRywCF8GtAoX_uKFMRUP6lgL6YdY7aji1oO8aEMMtHswlyVRiFGgWvh1tJQmJz_-wxSBxhennQvikmy4/s1600/Thank+you%2521.png" /></a></div>
<div style="line-height: 140%;">
<span style="color: black; font-family: "georgia" , "serif"; font-size: 10pt; line-height: 140%;">Thank you to Suzanna Ravin <span style="font-family: "georgia" , "serif";">for th<span style="font-family: "georgia" , "serif";">is excellent article. </span></span>Suzanna has been
working in the lending industry for the last twelve years<span style="font-family: "georgia" , "serif";"> and<span style="font-family: "georgia" , "serif";"> I agree with her comments. </span></span></span></div>
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<span style="color: black; font-family: "georgia" , "serif"; font-size: 10pt; line-height: 140%;"><img border="0" height="1" id="_x0000_i1029" src="https://feeds.feedburner.com/~r/TheNationalRealEstatePost/~4/ZeNZYxrr00k?utm_source=feedburner&utm_medium=email" width="1" /></span></div>
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Marty Qualls 801-540-5108http://www.blogger.com/profile/04105224633936163430noreply@blogger.comtag:blogger.com,1999:blog-2336052313392023422.post-19580932634037250372016-02-12T10:35:00.004-07:002016-02-12T10:35:59.253-07:00It's fast and furious when deciding to Lock or Float <div class="BlogArticleDateline">
Mortgage Rates at 3.5 Percent, until Noon yesterday</div>
<div class="BlogArticleDateline">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhnhux5bfMuoIG8nMQsLwuOV0JJyqsMzevOnFcLpJhny4mZb4rptXP12F6MSaVh9sANJ87ZQrwur6HoWLiPtfStnQhnpAO1xb5UIWSdPPXawYFYLVO0G6skORBwd5892CV6__T4ES-yzqE/s1600/Interest+Rate-LOW.jps.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhnhux5bfMuoIG8nMQsLwuOV0JJyqsMzevOnFcLpJhny4mZb4rptXP12F6MSaVh9sANJ87ZQrwur6HoWLiPtfStnQhnpAO1xb5UIWSdPPXawYFYLVO0G6skORBwd5892CV6__T4ES-yzqE/s1600/Interest+Rate-LOW.jps.jpg" /></a></div>
<span style="font-size: small;"><strong>Mortgage rates were widely available at 3.5 percent</strong><span> for some of the day yesterday. At any other time from the middle of 2013
through the end of 2015, that's not something that very many people
thought they'd be able to say (or read, or think!). </span></span><br />
<br />
<br />
<span style="font-size: small;">As is often the case with financial markets, the biggest, <b>quickest moves demand an occasional pause</b>. The bounce
prompted most lenders to revise rate sheets higher in the afternoon. </span><br />
<br />
<span style="font-size: small;">
</span><span style="font-size: small;">Still, it's a good wake-up call as to the potentially temporary
nature of the long-term lows we have been enjoying. Markets run hard. Sometimes they can
surprise you as to how hard and how fast they change. And
then at some point, the running is over, <b>or worse</b>: we run in the other
direction. </span><br />
<br />
<span style="font-size: small;">There's <b>no telling</b> whether that's the case with yesterdays intraday bounce, but it's always a risk that can factor into
one's decision-making process when it comes to<b> locking or floating.</b></span><br />
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg2i0tI9ad7J2cRKD4524Nv9yJhxzgEyLi1GeCk-DD22RAreNJMD1o0MN0fe3INT6OLEmIbI5VbeVt9Yt0YsehadMx8qG0EF2Q0fBV17PBJhjUSu_3w8AktQBk7WekSMkgq6PmaE6otuVQ/s1600/Thank+you%2521.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg2i0tI9ad7J2cRKD4524Nv9yJhxzgEyLi1GeCk-DD22RAreNJMD1o0MN0fe3INT6OLEmIbI5VbeVt9Yt0YsehadMx8qG0EF2Q0fBV17PBJhjUSu_3w8AktQBk7WekSMkgq6PmaE6otuVQ/s1600/Thank+you%2521.png" /></a><span style="font-size: small;"><b> </b></span><br />
<span style="font-size: small;"><b> Call me </b>for help with your purchase or refinance mortgage questions. </span><br />
<span style="font-size: small;"> <b> </b></span>Marty Qualls 801-540-5108http://www.blogger.com/profile/04105224633936163430noreply@blogger.comtag:blogger.com,1999:blog-2336052313392023422.post-31694064276094073672015-12-09T11:16:00.001-07:002015-12-09T11:16:16.806-07:00Grant money is available!<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj4-aKC1ebwIfqFF_4HFrAlGssMup7wPs7fBN3GhSDAGH62fqlCa9SUudl0Xhh8Ngldu9rt99ufIxOhq_bmgqTAV9Nl_uVXg2-CXCvXU7Rx2Fn2REHx9zjFhjugLlN-lLkfkHA07PzJzmM/s1600/Dollar+B%2526W.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj4-aKC1ebwIfqFF_4HFrAlGssMup7wPs7fBN3GhSDAGH62fqlCa9SUudl0Xhh8Ngldu9rt99ufIxOhq_bmgqTAV9Nl_uVXg2-CXCvXU7Rx2Fn2REHx9zjFhjugLlN-lLkfkHA07PzJzmM/s200/Dollar+B%2526W.jpg" width="106" /></a></div>
Purchasing a home in Clearfield city limits and also in all of Davis County just got a whole lot easier! Grant money for 2015 (loan closing must happen before December 31, 2015) is currently available and on January 1, 2016, MORE grant money will be announced and available. <br />
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<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgwGhent-Rc682TrhfjeKWHZfUFjCgiQ9x4r_4ZXVDCLoSHJHnRg3xiugd0nxZrLyG0lfDhvX-_NQJ2DJ4kLbjRVH0uOpWDsGr3W7C7AN8wgwk6K8pFUSoq-lg3PHUUztuY0lMC6jmATZk/s1600/Thank+you%2521.png" imageanchor="1" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgwGhent-Rc682TrhfjeKWHZfUFjCgiQ9x4r_4ZXVDCLoSHJHnRg3xiugd0nxZrLyG0lfDhvX-_NQJ2DJ4kLbjRVH0uOpWDsGr3W7C7AN8wgwk6K8pFUSoq-lg3PHUUztuY0lMC6jmATZk/s1600/Thank+you%2521.png" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Grant Money available!</td></tr>
</tbody></table>
Income limits are generous and the Grant money is forgiven (doesn't need to be paid back) after 7 years! FREE money to be used for down payment or closing costs in conjunction with any fixed rate mortgage loan program! <br />
<br />
I have the Grant application forms, reserve your Grant money today by calling me today!Marty Qualls 801-540-5108http://www.blogger.com/profile/04105224633936163430noreply@blogger.comtag:blogger.com,1999:blog-2336052313392023422.post-28560318806451250912015-10-29T17:02:00.000-06:002019-03-26T21:59:41.322-06:00Rate Lock recommendation continues after Fed announcement<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: right; margin-left: 1em; text-align: right;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhtiF149kOfqfQqbHznc93MUBjXGTQnyaTKXXyGUw8gstEMUVaQS9PxFYT5yVno-y88-Z0Hwru66ocZPGb8BL79TK1r2hBozI3Xz9FV0-Ed4ei4PF0iAoD0Liwd3IUfZVRBb56ndx1ag2c/s1600/percentage+teeter+totter.jpg" imageanchor="1" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhtiF149kOfqfQqbHznc93MUBjXGTQnyaTKXXyGUw8gstEMUVaQS9PxFYT5yVno-y88-Z0Hwru66ocZPGb8BL79TK1r2hBozI3Xz9FV0-Ed4ei4PF0iAoD0Liwd3IUfZVRBb56ndx1ag2c/s200/percentage+teeter+totter.jpg" width="191" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Lock!</td></tr>
</tbody></table>
<span style="font-family: Georgia; font-size: x-small;"></span><br />
Rates moved up quickly today causing lenders to increase rates by .125%-.25% (FHA and Conventional loans respectively). Much of the information released today was misleading because what happens on Thursday and Friday isn't reflected in their reports.<br />
<br />
<div style="text-align: left;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhNXizsgg-igT-QwvtxAICiZgThMbk1gLoWyTGp925knywtOmdLlhl0um-phOuaOYWzydzgsmnsDipOrUmuXE6kEcAyLclnaDNnhXLSGM9eT6ISFn0wetbt1oQ8SEs84fSZ9RrgP7FW0H8/s1600/Key+with+Dollar.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="185" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhNXizsgg-igT-QwvtxAICiZgThMbk1gLoWyTGp925knywtOmdLlhl0um-phOuaOYWzydzgsmnsDipOrUmuXE6kEcAyLclnaDNnhXLSGM9eT6ISFn0wetbt1oQ8SEs84fSZ9RrgP7FW0H8/s200/Key+with+Dollar.jpg" width="200" /></a></div>
For options and rates call me. The move up could be something temporary and as the markets settle, December's most likely target identified by the Fed yesterday could be the new line in the sand and best rates in 28 weeks could still be available for awhile longer. :)<br />
<br />
Here's the link to the excellent article to explain more about why it's important to have a close relationship with your loan originator who can call you BEFORE rates go up and you can lock your rate BEFORE the markets change: <a href="http://www.mortgagenewsdaily.com/consumer_rates/524376.aspx">Reports are too slow, too late</a>Marty Qualls 801-540-5108http://www.blogger.com/profile/04105224633936163430noreply@blogger.comtag:blogger.com,1999:blog-2336052313392023422.post-35721461310598144092015-10-28T16:12:00.000-06:002015-10-28T18:08:38.884-06:00Why home ownership makes sense financially<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjfPoakQdg2cV64zfJ7LZTnVCcNkzyA7GpBFO1bwTjfafo7bybB56EvJ9Dwe973iiUIW3xjkbPu219YLEXWpfSHxX-LyJvYT0XdLDi5n5Mess4k_M6v0kabiToHo_ZU0dbQI2oyoVqPPKA/s1600/Apartment.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="133" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjfPoakQdg2cV64zfJ7LZTnVCcNkzyA7GpBFO1bwTjfafo7bybB56EvJ9Dwe973iiUIW3xjkbPu219YLEXWpfSHxX-LyJvYT0XdLDi5n5Mess4k_M6v0kabiToHo_ZU0dbQI2oyoVqPPKA/s200/Apartment.jpg" width="200" /></a></div>
A recent Harvard Study (<a href="http://www.bloomberg.com/news/articles/2015-09-21/the-rent-crisis-is-about-to-get-a-lot-worse">The rent crisis is about to get a lot worse</a>) conducted to explore the cost and benefit of renting vs buying found that the number of households which could be spending at least half of their income on rent could increase 25% (increasing to 15 million households) over the next decade.<br />
<br />
Eric Belsky is <b>Managing Director</b> of the Joint Center
of Housing Studies at Harvard University. He also currently serves on
the editorial board of the Journal of Housing Research and Housing
Policy Debate. Last year he released a paper on homeownership - <a href="http://jchs.harvard.edu/sites/jchs.harvard.edu/files/w13-1_belsky_0.pdf">The Dream Lives On: the Future of Homeownership in America</a>. In his paper, Belsky reveals five financial reasons people should consider buying a home.<br />
<br />
Here are the five reasons, each followed by an excerpt from the study:<br />
<br />
<b>1.) Housing is typically the one leveraged investment available. </b><br />
<br />
<br />
<i>“Few households are interested in borrowing money to buy stocks
and bonds and few lenders are willing to lend them the money. As a
result, homeownership allows households to amplify any appreciation on
the value of their homes by a leverage factor. Even a hefty 20 percent
down payment results in a leverage factor of five so that every
percentage point rise in the value of the home is a 5 percent return on
their equity. With many buyers putting 10 percent or less down, their
leverage factor is 10 or more.”</i><br />
<i></i><br />
<a name='more'></a><br />
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_Hp6ldgxKcmDfcAV5fpkCT8bhsAqPWSACqS552PhdUMhN2E9Ru_y2_Pgw_vbFL4LP_Nz69DGk2w2P-23Iow9fQoQOkPWoPqn3xAPB1G_0KQK-Y3ZaJMeUdruXIpr5A4vy66dT71Mx9gk/s1600/For_Rent.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_Hp6ldgxKcmDfcAV5fpkCT8bhsAqPWSACqS552PhdUMhN2E9Ru_y2_Pgw_vbFL4LP_Nz69DGk2w2P-23Iow9fQoQOkPWoPqn3xAPB1G_0KQK-Y3ZaJMeUdruXIpr5A4vy66dT71Mx9gk/s1600/For_Rent.jpg" /></a><b>2.) You're paying for housing whether you own or rent. </b><br />
<i>“Homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord.”</i><br />
<b>3.) Owning is usually a form of “forced savings”.</b><br />
<i>“Since many people have trouble saving and have to make a housing
payment one way or the other, owning a home can overcome people’s
tendency to defer savings to another day.”</i><br />
<b>4.) There are substantial tax benefits to owning. </b><br />
<i>“Homeowners are able to deduct mortgage interest and property
taxes from income...On top of all this, capital gains up to $250,000 are
excluded from income for single filers and up to $500,000 for married
couples if they sell their homes for a gain.”</i><br />
<b>5.) Owning is a hedge against inflation.</b><br />
<i>“Housing costs and rents have tended over most time periods to go
up at or higher than the rate of inflation, making owning an attractive
proposition.”</i><br />
<h3>
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi-l1ImPEQstSGkwZPAwcn2tes-SY-UkzpZKSWm5ULHUvHCavhTSLuZjlXnmvT7XoBiAhqaSE4iiF4gHVunbcoWIOWGe5iG0LVYWSr3AdsKlAUNfz4UAPLhvr4Tk37CjuWLn16KpOph-Nk/s1600/Home+3.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="149" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi-l1ImPEQstSGkwZPAwcn2tes-SY-UkzpZKSWm5ULHUvHCavhTSLuZjlXnmvT7XoBiAhqaSE4iiF4gHVunbcoWIOWGe5iG0LVYWSr3AdsKlAUNfz4UAPLhvr4Tk37CjuWLn16KpOph-Nk/s200/Home+3.jpg" width="200" /></a><b>Bottom Line</b></h3>
We realize that homeownership makes sense for many Americans for many
social and family reasons. It also makes sense financially.<br />
<br />
Call me and we can visit about your purchase options. Marty Qualls 801-540-5108http://www.blogger.com/profile/04105224633936163430noreply@blogger.comtag:blogger.com,1999:blog-2336052313392023422.post-7440056813305721692015-10-26T12:37:00.002-06:002015-10-28T18:09:08.291-06:00Rate lock recommendation and increases in home value benefits<br />
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhUuYtBXi-Y6hmUonoREaeLimsXYAT-AGV4auTZatIk0Clac9qhc4orJWLQCUz8Rxpx-MM-QkyY0gsmnaNA2SaY2vymnwSZV9lf-rfoeFKv2KiWJdoUm9OgoASAg_hI7Qz-HlrLWWtgPXU/s1600/Percent+on+top+of+a+box.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhUuYtBXi-Y6hmUonoREaeLimsXYAT-AGV4auTZatIk0Clac9qhc4orJWLQCUz8Rxpx-MM-QkyY0gsmnaNA2SaY2vymnwSZV9lf-rfoeFKv2KiWJdoUm9OgoASAg_hI7Qz-HlrLWWtgPXU/s1600/Percent+on+top+of+a+box.jpg" /></a>Investors should not be too quick to write off an interest rate hike by the Federal Reserve
in December, despite market expectations increasingly looking to early
next year as more likely, the former executive vice president at the New
York Fed said today. <br />
<br />
<br />
<br />
Rates continue to hover at a 28 week low and best execution for 30 year fixed rates at 3.75%-3.875% for borrowers with top tier scenarios. I am recommending locking at these current rates for purchase and refinance as the market weighs in on China and other world economies to predict the direction the Federal Reserve will take in timing of the anticipated rate hike. <br />
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjt_nLL4RUu-fzxeJ5zgLmdwQmwLmix2152oMFflOQrvlbf-J5yQbypnWWwPd0e5P2pEKL5Nei10Yec5ZBLFwWB9qox5rV8KGR4XSpjv53oaVWcjd7y-rj8-BDPJUBIr9MHHktFNp_byQ0/s1600/House+on+the+corner.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjt_nLL4RUu-fzxeJ5zgLmdwQmwLmix2152oMFflOQrvlbf-J5yQbypnWWwPd0e5P2pEKL5Nei10Yec5ZBLFwWB9qox5rV8KGR4XSpjv53oaVWcjd7y-rj8-BDPJUBIr9MHHktFNp_byQ0/s320/House+on+the+corner.jpg" width="320" /></a><br />
Home values continue their steady upward climb and my experience with multiple offers on correctly priced homes in the purchase market continues. The highest success of offer acceptance in a competitive home sale market which we currently have is for clients who have a FULL credit approval letter, backed by a 3 bureau merged credit report, an Automated Underwriting System approval and supported with my underwriting teams review of income and asset documentation.<br />
<br />
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiiMj8UsrUEoA6FsQQtudU3qxz4tF-2RjZiVKzBdwQWtK2ujdazdGtDBcrzKA1TCTG4x-scf6h8GdzLR8xKB424yEJT63QUzr3S5LzwP7DtK9p2kSer2NoHrJRUdMwfF-VPxUTSFwY6avg/s1600/00356600.gif" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiiMj8UsrUEoA6FsQQtudU3qxz4tF-2RjZiVKzBdwQWtK2ujdazdGtDBcrzKA1TCTG4x-scf6h8GdzLR8xKB424yEJT63QUzr3S5LzwP7DtK9p2kSer2NoHrJRUdMwfF-VPxUTSFwY6avg/s1600/00356600.gif" /></a>Mortgage rates and home values are also helping borrowers drop Private Mortgage Insurance on their conventional loans with a refinance to a new loan at lower 15 year rates and FHA borrowers convert their FHA loans to a new conventional loan with lower rate and no monthly mortgage insurance.<br />
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh6FaAxtgf2VM6s6Ye3S1XpRMVWHrODZ1rXoBUf4AhzQxLTVddxICcZHS_IFcnMQOB7YspZAhugY4iEcZp7kvhNKBfcfwjm4UhbebPXi4OTR3fChXswpA_vYvdxYnPDaTw_aCnqZUZoKXc/s1600/Thank+you%2521.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh6FaAxtgf2VM6s6Ye3S1XpRMVWHrODZ1rXoBUf4AhzQxLTVddxICcZHS_IFcnMQOB7YspZAhugY4iEcZp7kvhNKBfcfwjm4UhbebPXi4OTR3fChXswpA_vYvdxYnPDaTw_aCnqZUZoKXc/s1600/Thank+you%2521.png" /></a><br />
Call me at 801-540-5108 and we can review your purchase or refinance options!Marty Qualls 801-540-5108http://www.blogger.com/profile/04105224633936163430noreply@blogger.comtag:blogger.com,1999:blog-2336052313392023422.post-18012843812845105312015-07-23T19:28:00.001-06:002015-07-23T19:28:58.211-06:00Rents are going through the roof!<br />
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><img border="0" height="133" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjPko_JYeDgw_pDwzcwYWl6GKFULPIBm1rYnQ5tvKA7j4-GbElON0q2VUmhJW7xW5kLowyG2OwVprRyOy6j06-0T6EOas04qOoZsV6OBMaf74mgL6itlGZuca3DynOenA-6bXUN7upnQFo/s200/00414065.jpg" style="margin-left: auto; margin-right: auto;" width="200" /></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Rent costs are rising quickly!</td></tr>
</tbody></table>
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Single family rentals account for 13% of the overall housing stock (up from 9% in 2005) and rents are heating up! Rents are higher than they should be given the underlying real estate values. <br />
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As a result of the higher cost of rent relative to overall household income, first time home buyer's who have now entered the market (first time home buyer home purchases are the highest this year since 2009) are discovering the value of purchasing rather than renting. <br />
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With appreciation in home values ticking along at 4% per year nationally (and regionally 6-8% and higher in some hot selling neighborhoods), coupled with historically low interest rates, and home financing is once again available to home buyer's with good credit, reasonable debt obligations and little or no down payment. <br />
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<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjRel-q96rEdjeV-qZSQkyahVoRr246ysBrG8clXiCvEiuM6w-x7C0vnLDsUHLw_TL_IS6Pm1bZFP_guj_4dWOmzWaX5SWuJDtD_Rg4LQmUQsc4VEFCDrAMmZRieCt1XNBdrEeW9nIcACk/s1600/Keys-3+Skeleton+keys+from+heart.jpg" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjRel-q96rEdjeV-qZSQkyahVoRr246ysBrG8clXiCvEiuM6w-x7C0vnLDsUHLw_TL_IS6Pm1bZFP_guj_4dWOmzWaX5SWuJDtD_Rg4LQmUQsc4VEFCDrAMmZRieCt1XNBdrEeW9nIcACk/s200/Keys-3+Skeleton+keys+from+heart.jpg" width="184" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Purchase a home today because all the stars are lining up!</td></tr>
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With after tax rates for home financing in the 3% range, home buyer's today are using their home purchase as a financial leveraging tool and will payoff debt that has a higher interest rate, like credit cards, student loans, department store cards and car loans, and paying off their mortgage LAST.<br />
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If a home purchase can again be viewed as an investment (steady appreciation) and as a financial leverage tool (payoff higher interest rate debt first and your mortgage last), the only thing we need to add to the equation is a beautiful house to buy for fun and financial success to begin!<br />
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgCKnRw_LPTooIPqi41qldPYr2skNYRO-F2FsedQ1WY_RyHFd8xVDppWit5nBaQ8uzEV1bfZiWCQiQqhR_EaYN2PTLONZk_zSyuVEp-S7mYRf879DXZXySI-dqQqyXRXz1IhgARQgWHlok/s1600/Thank+you%2521.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgCKnRw_LPTooIPqi41qldPYr2skNYRO-F2FsedQ1WY_RyHFd8xVDppWit5nBaQ8uzEV1bfZiWCQiQqhR_EaYN2PTLONZk_zSyuVEp-S7mYRf879DXZXySI-dqQqyXRXz1IhgARQgWHlok/s1600/Thank+you%2521.png" /></a><br />
Call Marty Qualls at 801-540-5108 for help with any of your mortgage questions. <br />
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<br />Marty Qualls 801-540-5108http://www.blogger.com/profile/04105224633936163430noreply@blogger.comtag:blogger.com,1999:blog-2336052313392023422.post-7012888075285789102014-10-30T15:16:00.000-06:002014-10-30T15:16:43.047-06:00What are Japanese Candlesticks? Why are they important?I watch the bond market, stock market, futures, inflation, unemployment, housing demand, refinance and home purchase activity, world news, national news, political developments, gas prices and yes, I even watch the weather for signs of what the market will be doing in the future. <br />
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Giving reliable advice to my clients as to whether they should LOCK or FLOAT their interest rate when they have a mortgage application with me is a major goal of mine. Their decision (based on my advice) has long term consequences and if they (and I) choose wisely so that they can maximize their investment return on their mortgage.<br />
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A mortgage is another form of investment strategy, but this is a whole blog post to come in the future. I look forward to talking about the value of a "Big FAT 30 year mortgage" in a future Blog Post. <br />
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But today, what I want to talk about is what I use to gauge what is going on in the market TODAY, right this moment, and is something available to me and it's called "Japanese Candlesticks". I would like to explain why this is valuable and important to me AND to my clients who are relying on my expertise and guidance, <br />
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What you see below is <u>today's</u> Japanese Candlesticks Chart (4%, 30 year bond yields) and it is showing lots of green "candles". <u>Green is Good</u>! It means that mortgage rates are improving or the market is favorable. The last green candle on the far right of the chart (right next to the S1 in the blue box) is today's market activity. <br />
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Tomorrow's rates should (unless the market changes dramatically overnight or in the early hours of trading in New York tomorrow morning) be about the same, possibly better than they were today. <br />
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Yesterday's rates were worse than today's (the red candle shows a lower price, higher mortgage rate than today's), and so forth backwards. Over the past 17 trading days the rates have been close to, above or just below the <u><b>best rates in 17 months (best since May 8, 2013).</b></u><br />
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The S2 line, below the candlesticks, is the FLOOR of SUPPORT and with the rates close to this floor, if the bond prices begin to break below this floor, like happened yesterday for two hours, we COULD see the mortgage bond prices begin to deteriorate and we could see these great rates go away (go up!) and this could be forever or temporarily, that is the gamble of NOT taking advantage of rates today. <br />
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Call me today if I can help with analysis for your mortgage refinance or purchase. :)<br />
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<img src="http://mmg.vantageproduction.com/__membersonly/__logic/candle.perl?interval=30&rs=on&tl=off&stochastics=showSlow&ma=25&&chart=four" /><br />
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Marty Qualls 801-540-5108http://www.blogger.com/profile/04105224633936163430noreply@blogger.comtag:blogger.com,1999:blog-2336052313392023422.post-2464505417415603812014-10-29T13:04:00.000-06:002014-10-29T13:04:05.767-06:00What's FHA financing all about?<u>FHA loans in 1991:</u><br />
When I became a mortgage loan originator in 1991, I couldn't believe that there was a loan product which allowed all of the down payment to be gifted! "Are you sure this is true?", I asked my mortgage lender buddy who had come over to the mortgage department at the bank we were with just 6 months before. "It's true! Can you believe how great of a program it is?" That was my first impression of how great the FHA loan was because it lowered the barriers to home ownership for first time buyers.<br />
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<u>FHA loans today: </u><br />
The FHA loan is a great fit for first time home buyer's and others with specific lending needs. Since 1991 I have learned much about lending and about FHA. I now know that FHA is a loan insurer not a lender, and that the loan is available to both first time home buyer's needing 100% financing (Utah Housing Loans/State Bond Programs), and it's a great alternative for buyer's who have less than perfect credit (my company, Primary Residential Mortgage, has a 580 credit score FHA loan program!). FHA offers streamline loans to allow homeowners to lower their interest rate with NO COST (ZERO will be added to their existing loan balance, no appraisal required). <br />
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With FHA rates at their lowest in 17 months ( June, 2013), this is a great time for buyer's and current FHA loan holders to utilize purchase and refinance options! Call me today for a more thorough analysis and discussion about what program's fit your needs the best. Marty Qualls 801-540-5108http://www.blogger.com/profile/04105224633936163430noreply@blogger.comtag:blogger.com,1999:blog-2336052313392023422.post-83022338580705415122014-10-28T16:59:00.000-06:002014-10-28T16:59:48.369-06:00Lots of buyer activity for Q4, 2014<div style="background-color: white; color: #444444; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 13px; line-height: 18.2000007629395px; margin-bottom: 14px; padding-top: 0px;">
The fall months are no longer a real estate dead zone, and there is still plenty of action happening after Labor Day through Christmas. An article in the October 18, 2014 Ogden Standard Examiner said that Davis County home sales were up 7% and Weber County were up 4% when compared to the same August time in 2013. Pending sales (homes under contract which will close in October) were up 22%, showing significant momentum for home sales as we enter into the beginning of Q4. </div>
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<a href="http://holbrookrealtyutah.com/wp-content/uploads/2014/10/fall-sellers.jpg" style="-webkit-transition: color 200ms ease-in-out, background; color: #ab812d; text-decoration: none; transition: color 200ms ease-in-out, background;"><img alt="fall sellers" class="alignnone wp-image-1543" height="192" src="http://holbrookrealtyutah.com/wp-content/uploads/2014/10/fall-sellers-300x116.jpg" style="border: 0px; height: auto; max-width: 100%; vertical-align: middle;" width="497" /></a></div>
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By <a href="http://www.zillow.com/blog/author/brendondesimone/" style="-webkit-transition: color 200ms ease-in-out, background; color: #ab812d; text-decoration: none; transition: color 200ms ease-in-out, background;">Brendon DeSimone</a> on 26 Sep 2014</div>
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Fall officially began Sept. 23, but that doesn’t mean you should scrap plans for selling your home this year. In fact, October, November and December can actually be good months to sell. Now is the time to plan for it if you’ve even considered putting your home on the market.</div>
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<a name='more'></a>For decades, the conventional thinking was that if you missed the spring selling season, you missed the boat. Once summer rolls around and school starts shortly after that, families are more settled, the thinking went, and therefore less inclined to pick up and move (unless a job change or other circumstance forced them).<br />
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Also, Thanksgiving, Christmas, New Year’s and the January cold snaps follow the start of school. In the past, no one wanted to take time to drive around looking at homes when all of this was happening.</div>
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Things have changed. Today’s buyers aren’t necessarily timing a home purchase or sale around school schedules because people tend to settle down later in life and live longer. The result is urban expansion; more single, first-time and millennial buyers as well as baby boomers looking to buy (and sell). Also, a lot of home shopping, at least initially, happens online and via apps. Buyers don’t have to take time out of their busy schedules to drive around — they can just sit down with a tablet on the couch.</div>
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As a result of the Internet, our hectic schedules and mobile lifestyles, the fall months are no longer a real estate dead zone. True, spring is still the busiest time overall. But there’s plenty of action happening after Labor Day through Christmas, enough to make it worth your while to put up the ‘For Sale’ sign.</div>
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Here’s why.</div>
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<strong>Buyers are still out there</strong></div>
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As mentioned, buyers never stop looking. A serious buyer is looking at new homes online 24/7, even through the holidays. If the right home appears, they’re ready to move. In fact, it could be that buyers in the early winter months are even <em>more</em> motivated than buyers in warmer months because there is less going on. They have fewer distractions and are laser focused on finding a home.</div>
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<strong>There’s less competition</strong></div>
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A lot of people still buy into the old thinking that real estate slows to a crawl by October and virtually stops from Thanksgiving until, say, Valentine’s Day. As a consequence, many potential sellers figure there’s no reason to go on the market during these months. So they wait for spring. And that’s good news for you, because less inventory on the market = less competition for you.</div>
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<strong>Even January can be a good time to sell</strong></div>
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By now you’re probably thinking about all the disruptions to your life that selling a home during the holidays might cause. For instance, you’re in the middle of wrapping Christmas gifts when your agent calls. She wants you to leave the house right away so she can bring a motivated buyer by for another look.</div>
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If the potential for disruptions concerns you, put your home on the market in January. Inventory will still be very tight, and there will still be buyers out there looking. In fact, with the holidays over, there may even be more buyers out in January than in December. Also, January buyers may be more motivated. They’ve started doing their taxes and realize they need to buy. Or they’ve set a New Year’s resolution to buy a home within the next 12 months.</div>
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Ultimately, as we enter the final quarter of 2014, there will no doubt be plenty of motivated buyers in the market, searching for just the right home at a time when there’s less inventory. Doesn’t that sound like a good time to sell?</div>
Marty Qualls 801-540-5108http://www.blogger.com/profile/04105224633936163430noreply@blogger.com