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FHA Mortgage Rates by Credit Score: 620, 700, 580, 640

Marco Santarelli

As of mid-August 2023, a 700 credit score could secure an interest rate of 6.796% for a 30-year fixed-rate mortgage loan of $300,000. Get pre-approved for a mortgage before you start shopping for a home. The recent decline is good news for home buyers—but be warned: Those rates are just averages.

FHA loan 105
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Top Five: Real Estate Stories Of 2022

Toronto Realty Blog

Not as an investor, or a capitalist, or a home-owner. June 17th, 2022, I wrote: “The Friday Rant: Punishing Good Deeds” This was a blog post about an investor who went out of his way to help his tenant, only to have the tenant completely screw him over. There’s no qualification to be a landlord.

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Tune Up Your Product Knowledge

Patch of Land

Prices in 27 states as of this past March had surpassed peaks reached prior to the housing crisis, and 10 states were within 5 percent of their pre-crisis peaks. Although rising mortgage rates are a concern, low unemployment, improved wage growth and generally strong consumer confidence are working in the mortgage industry’s favor.

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Problems, Solutions, & The Problem With Those Solutions

Toronto Realty Blog

They need a 120-day closing so they can have their money in a Canadian bank account long enough to satisfy whatever rules are in place. They are likely buying in cash, but who knows, they might take a small mortgage because money is cheap. How much is that offer for? My colleague is literally laughing, the price is so outrageous.

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. If you want to work with real estate investor clients, read our own Sean Moudry’s simple, yet thorough run down: “ How to Explain 1031 Exchange Rules to Your Clients.” Got Clients With Interest Rate Questions?