Here is a mistake people make when buying a home👇🏼:
You’d be surprised how many people overlook this simple thing.
A lot of buyers skip up for home inspection or they get one done, but don’t read the entire report.
Make sure you get a proper home inspection from a reputable company.
Look for major issues; don’t worry about cosmetic items.
Be sure to address any major structural or safety items.
You can either have the seller fix these or have them pay for the repairs to be made.
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NMLS 1036393
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#homebuyingtips
#homeinspection #mortgagelender #realestatetips
Will The Fed rate cut also lower mortgage rates?
The Fed lowered the rates for consumer loans, like credit cards and car loans. They will also buy $200 billion in mortgage-backed bonds, which should help lenders offer lower rates once they are able to handle the volume.
In short, The Fed is opening up credit and the amount of money banks can lend. This is a great move. Rates should come back down in the coming weeks. Let us know when you have any questions. Stay safe!
#johnnyloans #thefed #ratecut #valoans #federalreserve #mortgagebroker #mortgagerates #remotevideo #economicdevelopment
