Carrington Holding Company, LLC’s Post

There's always so many myths around Real Estate.. I remember when my wife and I started looking into buying our first home we were beyond stressed out, when you're working full time, paying rent, utilities making sure the whole family is fed and taken care of it's hard to end up with extra money at the end of each month to save towards a home. When I heard about the FHA loan and it's stipulations the thing that made it sound impossible to us was the 20% down payment.. talk about sticker shock lol We saved a tiny bit here and there and figured why don't we just talk to a lender and see exactly how much we would need to save for a home to fit our family and that's when we first heard about USDA loans. It applies to "rural property" and doesn't require any money down! Even with it being "rural property" we found a home in a neighborhood that had 3 acres in the backyard and it was a dream come true! To sum all this up there can be a lot of fear and myths about how difficult it is to buy a house but often times there's ways to make the process work for you and your family! 👨🏻👩🏻👧🏻👦🏻 #RealEstate #realestateknowledge #Firsttimehomebuying ======================================== Clay Thelin Tim Stout Group at True North Real Estate Advisors 600 N Broadway St Johnson City, TN 37601 TSG-(423)210-4260 O-(423)210-4155

Did you know that Reverse Mortgages Have Been Around for Over Six Decades? The first reverse mortgage was issued in 1961 in Portland, Maine. https://lnkd.in/gygV-TUH Over the years, many safeguards have been established. Increased legislation and protections make reverse mortgages a good option for many borrowers. Here is a list of those safeguards: 1989 - The first FHA insured Reverse Mortgage (HECM) was issued. 2008 - The SAFE Act is passed, enhancing consumer protections, and reducing fraud by setting standards for the licensing and registration of mortgage loan originators. 2012 - Independent counseling requirement updated, ensuring borrowers understand how reverse mortgages work from a government-approved third party. 2013 - HUD creates new safeguards on HECM loans, including max-claim equity limits and limiting the amount of equity borrowers can access in their first year. 2014 - Proprietary products introduced, unlocking more financial options for borrowers and more equity from high-value homes. Not all FHA guidelines and protections apply to proprietary products. 2014 - Non-borrowing spouse (NBS) protection established, allowing non-borrowing spouses to remain in the home after a reverse borrower passes away. 2015 - Financial assessment requirement established, ensuring that reverse mortgages are deemed suitable long-term solutions for borrowers before lending is allowed. 2018 - Second appraisals established, protecting against misappraisals of home values. If you have questions about reverse mortgages or would like to receive a free copy of the booklet “Use your Home to Stay at Home” published by The National Council on Aging (NCOA) give me a call at 510-583-8123 or send me a message on LinkedIn. #reversemortgage #retirement #historyofreversemortgages

Don't let closing costs catch you off guard! 🏡💰 Understanding the typical fees involved in buying a home in Las Vegas is essential for any homebuyer. From loan origination fees to title insurance and escrow fees, being informed helps you budget accurately and avoid surprises .Prepare now and ensure a smooth, stress-free home buying experience. Your dream home in Las Vegas is within reach! #LasVegasRealEstate #ClosingCosts #HomeBuying #RealEstateTips #Budgeting #TitleInsurance #EscrowFees #LasVegasHomes #HomePurchase #RealEstateEducation #HomeBuyersGuide

? Are your buyers tentative about affording a home? We have plenty of cost-saving options they should explore! From down payment assistance to rate buydowns* to first-time buyer incentives, our wide range of loan products and programs is designed to turn clients into homeowners. ? Let’s make homeownership a reality! Contact us today to learn more. *Terms and conditions apply. #HomeBuying #FirstTimeHomeBuyer #AffordableHousing #LoanPrograms #DownPaymentAssistance #RateBuydowns #HomeOwnership #RealEstate #ClientSupport

This fall, what are your homeownership goals? -Start house hunting for your dream space. -Update your kitchen, add a new room, or tackle that DIY project. -Build up your savings to make homeownership more attainable. -Invest in upgrades that reduce utility bills and enhance comfort. -Explore options for expanding your real estate portfolio. Let's make this fall the season of achieving your homeownership goals! #FallHomeGoals #MortgageTips #HomeImprovement #MorganDoesMortgages #PivotalMortgageGroup #AMortgageThatRevolvesAroundYou #PeoplesMortgage #AllAboutThePeople

? Are your buyers tentative about affording a home? We have plenty of cost-saving options they should explore! From down payment assistance to rate buydowns* to first-time buyer incentives, our wide range of loan products and programs is designed to turn clients into homeowners. ? Let’s make homeownership a reality! Contact us today to learn more. *Terms and conditions apply. #HomeBuying #FirstTimeHomeBuyer #AffordableHousing #LoanPrograms #DownPaymentAssistance #RateBuydowns #HomeOwnership #RealEstate #ClientSupport

Have you finally saved enough for a down payment to purchase a home? Don't forget you also need to save money to pay the closing costs as well. Closing costs include many 3rd party fees such as the credit report, appraisal, title fees, property tax, and home owners insurance. But there may also be lender fees like origination, underwriting, and processing fees. If your lender is charging any of these fees, contact me to learn how I can save you money at closing. #brokersarebetter #openhouse #firsttimehomebuyer #realestate #realtor #realestateagent #preapproval #prequalification #prequal #mortgagerates

When buying a home🏡, you are going to encounter the term 'escrow' more than once. What is it? #federaltitle #titlecompany #titleinsurance #escrow #homebuying #dcrealestate #virginiarealestate #marylandrealestate

The path to homeownership can be overwhelming at first, but we've broken it down to six easy pit stops! 1. Organize Your Documents: This will streamline your application process. 2. Pre-Approval: This lets the seller know your home loan request has been reviewed and your offer is more likely to get accepted. 3. Start Home Shopping: Find the perfect place to call home! 4. Processing & Underwriting: The approval process includes review and verification of the information you provided in your loan application. 5. Close On Your Home: Sign the final loan documents and pay any closing costs. 6. Moving Day: Once you've closed, you'll receive the keys and be able to move in! Ready to get started? Give me a call today to get on the path to homeownership!

How do you know when you’re financially set to get preapproved? Here's what lenders look for and what you need to do if you're not quite there. Margo Hattery, Realtor® 📲 515-231-4067 📧 margo@hunziker.com 💻 margo.hunzikerrealty.com #homesweethome #hunzikerrealty #househunting #homeselling #designideas #housingmarket