Edan Gelt – Last week as I’m listening to the radio (yes, I’m old-fashioned and don’t stream), I heard an ad for a low mortgage rate that captured my attention. “Looking to buy or refinance your home? Rates are still historically low and you can lock in your loan at 5.25%, call (Not to Be … Read more
Eden Gelt – with interest rates rising, more and more buyers are hesitant to enter the real estate investment market. At the same time, old 401K investments or IRAs are taking a hit as the market continues to plummet with estimates of 20-30% drops. If you have buyers that are looking to become real estate … Read more
Eden Gelt – A bankruptcy to real estate agents is often synonymous with a four-year wait, finding a co-signer or a dead deal. At Key Mortgage, we have financing options for your buyers in as little as two years post-bankruptcy dismissal or discharge. There are limitations as to the chapter of bankruptcy, loan type, current … Read more
Eden Gelt – The Federal Housing Finance Agency (FHFA) just increased buying power for conforming loan limits. The changes go into effect starting in 2023 and some limits have increased by nearly $100K. Here are the changes for the Chicagoland market and some other numbers you should know to help guide your client in selecting … Read more
Eden Gelt – Guiding your clients through the process of investing in multi-family real estate can be a valuable way to help them build wealth. Here are some things to know about buying and financing these types of properties. ● Homes with up to four units are considered residential for the purpose of financing. ● … Read more