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rates are coming down for purchases
houses are starting to stay on the market
when the government pivots and prints trillions will inflation take off again?
is it time now to buy and get into a home

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So, the bottom line is that the line of credit reverse mortgage shares some of the features of the HELOC. It is a line of credit that borrowers can use to borrow against the equity in their home and they only accrue interest on the funds they borrow.
Unlike a HELOC, there are no payments due, the loan can never be closed by the lender because they made the arbitrary decision to stop making a line of credit loans (borrowers do have to occupy the home, pay taxes and insurance on time and maintain the house in a reasonable manner) and the amount available to borrowers grows over time based on a growth rate of the unused portion of the line.
Didier Malagies nmls#212566
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Rates dropped this past week is the Gov't going to change course on the rates going up?

The Gov't has an agenda and until they accomplish what they need to do, nothing will change until they achieve the goal of  lowering inflation

It will not happen until sometime next year when they do change course and we will be able to refinance the HELOC, Credit card debt, student loans, and auto

it will be an excellent opportunity  to get the house in order and get one low monthly mortgage payment

I am getting calls consistently daily on refinancing, but we do not want to touch the low rate you got a year ago. we want to do it when we have that low rate again

so nothing is changing until sometime next year

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Didier Malagies nmls3212566
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need to get an interest only no closing costs loan on your home
you have a great low rate on your first mortgage now but could use some money to 
consolidate debt and get some cash with all the equity you have in your home
HELOC may be the answer until the rates come back down again
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Doing a 5-year or 7-year arm to help lower your mortgage payment
as well as the 2/1 buydown
there are options to help offset the higher interest rates we are experiencing at this time
With the intention of refinancing in the following year to a 30-year fixed-rate mortgage
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Those that have a lower rate from the past, may refinance and consolidate debt at the time rate
Did you get an equity line and need to consolidate next year
what happens when the gov't pivots and prints more money?

for those that are buying in the higher range today, will get to refinance it next year

what also happens when you print more money, will that create hyperinflation?

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Didier Malagies nmls#212566
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Fall out from SBA loans available
no tax returns or cash flow may be the option
12 months of business bank statements may work as well
there are many options for you that may not be what your Bank can offer you

stepping outside the boundaries to find a home for you
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0% down payment
Good for 1 year after the Disaster
Flexible underwriting for credit events caused by the disaster

Purchase of a single-family home or unit in an FHA-approved condominium project

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After a major hurricane and Fema puts you in the county several things must happen
you need to get a re-inspection of your home
most will require the appraiser to go out and visit the house inside and out
some will require photos, and letters from the buyer and seller that no damage has happened
bound insurance
everyone seems to have their own requirements from FHA/VA/FHMC/FNMA to the nonqm lenders
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Didier Malagies nmls#212566
DDA Mortgage nmls#324329

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Shop your interest rates
don't pay points
the least amount of closing costs
government will pivot
refinancing next year

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DDA Mortgage nmls#324329

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