Posts made by author 'Wes Atiyeh'
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15
Lender Minute: Low Interest Rate - What to look for.
1. Rates - Yes they are still historically low, however, many lending institutions are either
- Artificially inflating rates to control capacity issues, or;
- Aren't allowing you to lock until after you have been thru underwriting
I recommend you be quick about providing your lender with that they need so your loan officer can get you thru the system and locked. Please note some turn times out there are over 120 days long from application to close, so choose wisely with or without a lock allowed.
2. Rates- LOOKOUT- Some lending institutions are charging for those lower rates. They should be making you aware of it, however, we have seen some don't.
- Look at your Loan Estimate - It will say "points" and then provide an amount. If it does that i...
12
Ways to Liven up Your Time at Home
Spending a day without leaving the house may have sounded like fun three months ago, but now that it's our new normal, it's a different story. By now, you and your family might be feeling a bit jumpy at home all day. If that's the case, check out the information below — you'll find five ways to liven up your time social distancing with games, crafts, and cooking. These outside-of-the-box ideas will keep you and your family entertained at home, and even lead to a few positive memories.
2
Looking to the Future: What the Experts Are Saying
As our lives, our businesses, and the world we live in change day by day, we're all left wondering how long this will last. How long will we feel the effects of the coronavirus? How deep will the impact go? The human toll may forever change families, but the economic impact will rebound with a cycle of downturn followed by economic expansion like we've seen play out in the U.S. economy many times over.
Here's a look at what leading experts and current research indicate about the economic impact we'll likely see as a result of the coronavirus. It starts with a forecast of U.S. Gross Domestic Product (GDP).
According to Investopedia:
"Gross Domestic Product (GDP) is the total monetary or market value of all the finished goods...
20
A Message to My Community
To My Valued Clients and Friends,
In light of recent developments surrounding the spread of COVID-19, it has become clear that the world is facing an unprecedented event. I understand you will continue to have housing needs, but the health and well being of my clients, friends, occupants, families, and community will remain my top priority.
I pray for the many friends I have with businesses that rely on patrons visiting their establishment. If you can order a To-Go meal, do so! Here are some great places to get your TO-GO meal:
Richmond:
20
A Recession Does Not Equal a Housing Crisis
Some Highlights
- The COVID-19 pandemic is causing an economic slowdown.
- The good news is, home values actually increased in 3 of the last 5 U.S. recessions and decreased by less than 2% in the 4th.
- All things considered, an economic slowdown does not equal a housing crisis, and this will not be a repeat of 2008.
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