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Proprietary Capital completes acquisition of AFR, hires new COO

Housing Wire

Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S. In AFR, it’s adding the New Jersey-based, full-service independent mortgage bank that has direct, wholesale and correspondent lending divisions. It also has a niche in construction and manufactured home loan programs.

Lending 333
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Transform your real estate career overnight in 8 easy steps

Housing Wire

Who are the developers and what are they developing? • Is there new construction in your market? What are builders in your market offering regarding mortgage loans? Tour new construction models and get a feel for pricing on each product for each builder. Are the schools improving or declining?

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Mortgage rates dip to 6.6% to mark the lowest level since May 2023

Housing Wire

HousingWire’s Mortgage Rates Center showed Optimal Blue’s average 30-year fixed rate on conventional loans at 6.709% on Thursday, up from 6.66% recorded at the same time last week. This is an encouraging development for the housing market and in particular first-time homebuyers who are sensitive to changes in housing affordability.

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LenderPulse Q4 2023 survey: Mortgage pros still see opportunities in the housing market

Housing Wire

The top three opportunities mortgage pros see are new construction (15.3%), first-time homebuyers (14.5%) and cultivating referrals and building new relationships with buyers, builders and agents (13%), according to HousingWire ‘s Q4 2023 LenderPulse survey. Home price gains hit a new high , rising 0.6%

Mortgages 381
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Things Builders Should Know About Spec Home Loans

Realty Biz

From navigating traditional mortgage loans to exploring non-conventional options, various financing solutions are available. Development financing for larger new construction projects and alternative financing approaches should also be considered. What is a Spec House? The definition of a spec house is straightforward.

Loans 108
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Benefits of Investing in New Construction Real Estate

Norada Real Estate

When it comes to investing in residential real estate, there are only two basic types of property you can invest in – new construction and resale. They are typically not purchased from a builder or developer. In short, they are considered brand new. This however is not common in today’s market. for up to two years.

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Opinion: How did homeowners get into home equity prison?

Housing Wire

Even though they have a low mortgage rate on their home loan, the pandemic causes unanticipated financial hardships which lead to a decrease in their annual income as well as the necessity of using credit cards for their basic needs. How could they ever justify walking away from a loan with this low of an interest rate ?

Equity 419