@jonbrooks Hey Jon, I know the Nvidia scandal really has you down. Third mistress who knew? we can get back to your factually incorrect post tomorrow provided there’s not a fourth affair. This week’s not looking good for you buddy. Stay strong 🙌
Veterans, don’t let bad advice or common VA loan myths keep you from using the benefits you’ve earned! 🇺🇸
Zero down, no monthly mortgage insurance, competitive rates, and so much more.
I break it all down in my newest YouTube video! Go watch the full video — linked in my bio!
@jonbrooks Jon, let me be honest I thought today we would get to talk about your housing doom however once again Nvidia is still the topic of conversation. You’re going have to hope a third affair doesn’t come out tomorrow. Stay strong friend
@antoniosells305 The buyer got a lower price as well. I’m seeing sellers open to buy downs, closing costs and lower prices. You just have to ask and negotiate.
Buyers Market in Action: 1.6 million dollar home in Coral Gables Fl just agreed to 72k in seller concessions to help buyer buy down rate and pay closing costs. VA loan. Very happy veteran indeed!
@J695091 Seller can pay all closing costs, rate buy down AND up to 4% towards Va allowables which can be used to pay off debt, break a lease etc… so YES a veteran could be asking for 7%+ and it could be totally ok with guidelines. The key is the and in my first sentence 🙌
@JohnMeus@arc_ark Yeah it’s wild to watch. Like the comparisons in looks is so broken. Even supermodels get cheated on. It’s just a way to blame the wife when she is the true victim.
Homebuyers winning across America 🎉1.375 purchase price, seller giving 20k to cover buyers closing costs and rate buydown. Conventional loan in California.
Buying a house with a friend vs. buying with your spouse… is one more expensive or harder than the other? 👀
There’s more to consider than you might think!
I break it all down in my NEW YouTube video, LIVE TODAY—🎥 Go watch the full video! Link in bio!
@mortgagetruth The new trend is to get the massive buy down and use any lender you want. That’s the way to get it true credit from the Builder. A lot of builders when you push back now don’t even force you to use their lender. It’s a beautiful moment and the way it should be.
OK, so get this. Our client found a dream home. It’s new construction and they went straight to the builder no real estate agent involved and offered a price for the house. Our client also wanted the builder to pay all their closing costs and to pay off some of their debt, which, since it’s a VA loan, they can totally do that. The builder said no they would only give them money towards closing costs, no debt and they HAD TO work with the builders lender. The client said OK I’ll talk to your lender. They talked to the lender they got numbers from the builders lender and compared them. The builders lender was higher on the interest rate and the fees to get the loan. Same loan, same day, but the builders lenders fees and rate were higher. The client said they would pass on the house if they couldn’t pick the lender and they wanted the closing cost to be able to be used towards all VA allowables which includes paying off debt A week later the client is in contract on the house they wanted at the price they wanted, and with the Builder paying all their closing costs, a rate buy down and debt being paid down all with the lender of their choice. Many parts of the country are buyers markets, and you can get what you want. You just have to draw the line in the sand. Don’t let someone push you into a deal that’s not favorable to you. If you’re getting concessions from the seller, you should be able to use them with any lender you want. Congrats to our very happy veteran buyer:)
#veterans
Can we talk more about lot size? I think you should really go down how the lot size of homes has decreased over the last 15 years. It’s a great rabbit hole. To sum it up builders completely misread the market after Covid. Americans want bigger yards not less yard and they’ll pay more for an older home with a large yard than a new home with a cookie cutter side yard and a 3.99 rate.
@ShawnRealty I am so glad you are warning about these. I think they are beyond predatory and they’re going to get a lot of people into trouble. Many of them have balloon payments and can force a homeowner to sell their home. I would recommend avoiding.
Beyond the fact that $50,000 protects their comps $50,000 can make a house more affordable by covering closing costs and lowering the rate. You get a lot more of a payment relief with rate buy down than you do with the price reduction. However, it’s important to know if you’re getting new construction make sure if you’re negotiating for money that you can use any lender you want. Don’t get trapped using their lender.