Blog Profitable Outcome

Looking To Buy A Home In A Competitive Market? Here’s How To Win…

July 7, 2022 by David Rigney

Obtain Preapproval…

Make a Strong Initial Offer…

Don’t Rush into a Purchase…

Now that interest rates and home values are increasing at a somewhat steady rate, you might think that market conditions would start favoring the buyer. Despite recent changes, the market remains highly competitive among buyers because of the low inventory in the market nationwide. When market conditions are favorable for buyers as inventory rises, you likely won’t encounter much competition while you search for a new home.

Credit Score Requirements For Home Loan…

May 26, 2022 by David Rigney

Worried About Your Credit Score…

Lower Credit Score Requirements…

Have you heard? Lowering credit score requirements. If you are applying for a government loan but think your credit score isn’t high enough, think again! Take a look at the qualifications and see if one of these loans is right for you…

Developers Are Building Homes To Rent Not Own…

May 4, 2022 by David Rigney

Rents Are Up…

The American Dream Is Unattainable…

Household incomes aren’t coming anywhere near keeping pace with rising home prices. According to the United States Department of Housing and Urban Development, the average household income in 2021 will be $79,900, up just 2.4% from 2020. Quickly escalating home prices combined with modest income increases are squeezing people out of the market.

Host Income Is On The Rising…

March 29, 2022 by David Rigney

Best Locations To Host…

Best Time of The Year To Host…

Airbnb shared new data about host income that paints a promising picture. This new data reveals that the average US Airbnb host managed to generate an income of more than $13,800. This is an increase of a whopping 85%, compared to 2019.

No More Appraisers Visting Your Home When Selling???

March 3, 2022 by David Rigney

Desktop appraisals into Selling Guides for many new purchase loans…

Fannie Mae’s and Freddie Mac’s Refinance Programs for Low- and Moderate-Income Borrowers and Restores Desktop Appraisal Flexibility…

The Federal Housing Finance Agency (FHFA) announced two measures to sustainably advance the affordability of homeownership for mortgage borrowers across the nation, especially those in underserved communities…

Fannie Mae and Freddie Mac will be incorporating desktop appraisals into their selling guides for new purchase loans. Is this a good thing that an appriser is just going off of tax bills and the internet and not seeing the inside of your home…

7 Ways Good Credit Can Make Life Easier — and Save You Money…

February 2, 2022 by David Rigney

There’s no way around it: Good credit is important…

Good credit can help you borrow money more cheaply, qualify for credit cards, have lower insurance costs and more.

A good credit history shows potential lenders that you have a track record of repaying borrowed money as agreed. That can reassure them that you’re likely to do so in the future and are a desirable customer. Solid credit history can also be important to potential landlords, employers, and, in many states, insurers. Here’s a look at how good credit can benefit you…

You’re invited to earn money as an Airbnb host…

January 29, 2022 by David Rigney

Hosting in 3 steps…

We’ve got you covered…

Huge amount of equity in your home…

January 26, 2022 by David Rigney

Due to covid-19 there are rapidly rising home values, many Americans are now equity rich…

In fact, a recent report from data firm Black Knight found that the average U.S. homeowner has $153,000 in “tappable” home equity — an all-time high…

That pent-up wealth can be put to work making home renovations, paying off debts, buying new properties, investing, and more…

Having equity means you have cash value built up in your home. Your equity will grow year by year as you pay off your mortgage and as your home (likely) increases in value.

Of course, equity isn’t liquid cash. The wealth built up via home equity is tied into your property’s value.

That means you can’t just spend your home equity. To put the money to work, you first have to convert home equity into liquid cash. This is typically done via a cash-out refinance loan or a second mortgage (more information on this below).

But first, here’s how you can determine whether you have equity available to cash out…