According to a survey, commissioned by BankRate.com, for the first time in three years, real estate is the best place in which investors want to place their money. 27% of the 1000 investors polled believe real estate is the “best investment”, followed by cash, then the stock market, and minor interest in bonds. Cash ranked #1 for the previous two years (2013-14). This IS good news !! Now is the time to reach out to those borrowers who expressed interest in buying in the past few years, but never stepped up to the plate. I will pre-qualify your borrowers to give assurance they are “willing and able” buyers – just give me a call, even after hours ! (P.S. Here is the link to the article for a more in-depth view: http://www.cnbc.com/2015/07/ 22/survey-says-real-estate-is- the-best-investment.html.)
In the meantime, you may also want to refer www.nmmortgage.expert/ DailyRateLockAdvisory for this week’s thoughts of float/lock strategies. We always advise borrowers to play “safe than sorry”, but are happy to recommend safe “rate float” strategies. Although we send rates out on a weekly basis, rates change daily, and sometimes even more frequently. If you need up-to-the-moment pricing, please call for our latest information, which we will price specifically to your buyer and the property. We always appreciate the opportunity to be your trusted mortgage source. Call with questions or scenarios – for your buyers or sellers – without obligation.
Ginger Bowe Sullivan