Purchase Volume Has Another Strong Week

Jennifer Jerina blog, Home Buying Tips, Title, Escrow & Mortgage, Uncategorized Leave a Comment

Purchase Volume Has Another Strong Week By: Jann Swanson Wed, May 11 2022, 9:28 AM Mortgage application volume continued its recovery last week driven by a second strong increase in purchasing activity. The Mortgage Bankers Association said its Market Composite Index, a measure of that volume, gained a seasonally adjusted 2.0 percent and increased 3.0 percent on an unadjusted basis from …

ANNUAL ‘RE/MAX VS. THE INDUSTRY’ REPORT REINFORCES BRAND ADVANTAGES FOR AGENTS, BUYERS, SELLERS

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The new report displays RE/MAX leadership in agent productivity, brand awareness and global presence. The results are in, and RE/MAX continues to be a real estate industry leader around the world. The 2022 RE/MAX vs. The Industry report shows that RE/MAX affiliates continue to lead the industry in productivity, with more closed transaction sides per U.S. agent than all other …

IS IT A GOOD IDEA TO TAKE AN ADJUSTABLE RATE MORTGAGE NOW THAT RATES ARE GOING UP?

Jennifer Jerina blog, Home Buying Tips, Title, Escrow & Mortgage, Uncategorized Leave a Comment

As interest rates are climbing I’ve been getting questions from prospective borrowers if now is a good time to look at Adjustable Rate Mortgages. Even though there is uncertainty as to how high interest rates will go, most Adjustable Rate Mortgages are locked for a period of time.  Typical lock periods are 5, 7, or 10 years.  That means that …

REMAX.COM IS NO. 1 MOST VISITED REAL ESTATE FRANCHISOR WEBSITE

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In 2021, remax.com was visited more than 105 million times. With more than 105 million site visits in 2021, remax.com is the No. 1 most visited real estate franchisor website. The site shows all of the listings in thousands of cities and towns and helps connect homebuyers and sellers with real estate agents. When compared to other franchisor brands, the nearest …

Time Is Running Out To File Your Homestead Exemption

Jennifer Jerina blog, Home Buying Tips, Homeowner Information Leave a Comment

March 1st , 2022 is the last day for people who purchased their primary Florida residence in 2021 or earlier to file for homestead exemption. What exactly is a homestead exemption? The Florida homestead exemption is an exemption that can reduce the taxable value of your home by as much as $50,000. It’s offered based on your home’s assessed value and offers …

COVID Financing Restrictions Placed On Self Employed Borrowers Begin To Loosen Up

Jennifer Jerina blog, Home Buying Tips, Title, Escrow & Mortgage, Uncategorized Leave a Comment

Starting February 1, 2022, two of the largest COVID-19 loan restrictions have finally been loosened by Fannie Mae and Freddie Mac. The mortgage giants rescinded the rules put in place back in June 2020 that required self-employed borrowers to provide a year-to-date profit and loss statement that reported revenue, expenses, net income, as well as a few months of their …

Dinosaurs Around the World

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If you’re looking for something different to do this weekend, McKee Botanical Garden has an exhibit that will take you on a globetrotting expedition around the world to discover the Age of Reptiles! This exhibit is a specially constructed outdoor version of the popular Dinosaurs Around the World exhibition and runs through Sunday, May 1, 2022. You’ll be whisked back …

RE/MAX RECOGNIZED AS A TOP FRANCHISOR FOR 38TH STRAIGHT YEAR

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The global real estate franchisor earns a spot on the prestigious 2022 Franchise 500 list. The growing global franchisor has done it again. For the 38th year in a row, RE/MAX is ranked among the top-rated franchise brands, according to Entrepreneur’s 2022 Franchise 500® survey.  With sights set on growth, RE/MAX also announced late last year nearly 1,000 franchise agreements were signed or …

Changes to Second or Vacation Home Conventional Loans

Jennifer Jerina blog, Home Buying Tips, Title, Escrow & Mortgage, Uncategorized Leave a Comment

ATTENTION TO THOSE LOOKING TO PURCHASE A SECOND HOME IN THE NEAR FUTURE… If you were considering buying a second home/vacation home, you may want to do it NOW. Conventional loans on second homes closing in April 2022 and later will have a SIGNIFICANT pricing hit of as high as 4.125 points! In a lot of cases, Second Home rates have …