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Home Buying, Mortgage

Buying a Home with 1099 Income

By Eric Jeanette | July 23, 2023
Buying a Home with 1099 Income: A Comprehensive Guide for US Buyers Buying a Home with 1099 Income can present unique challenges for self-employed individuals. Understanding the implications of 1099 income on mortgage loans is crucial. Lenders carefully assess tax returns and stable income to determine eligibility. Strategies such as maximizing chances of approval and […]
Editorial Insider

The Complex Relationship Between Inflation and Real Estate: Positive Property Values Vs. Negative Borrowing Costs and Rental Market

By RealtyBiz News | April 13, 2023
Inflation can have both positive and negative impacts on real estate. On one hand, inflation can lead to an increase in property values, as the cost of goods and services rise, so too does the value of tangible assets like real estate. This is because people need to pay more for the land, materials, and […]
US Real Estate

Mortgage, Mortgage, Mortgage: What First-Time Home Buyers Need to Know

By Catherine Tims | March 31, 2023
Homes in the United States now cost over $350,000. For many people, rising home prices have served to be an obstacle. For others, they have proven to be a great investment opportunity. Regardless, there are many things that first-time home buyers aren't aware of when it comes to getting a mortgage. We've put together a brief […]
Chris Nevada
Realtors

This Week's Top Agents Focus - Reno, Nevada

By Phil Butler | February 1, 2023
Reno, like almost every other real estate market in the U.S., is experiencing a cooling off following the Federal Reserve's recent rate hikes strategy to combat the recession. As a result, once skyrocketing, prices are on the decline rapidly. However, the falling prices have not positively affected demand. This is large because the interest rates […]
Housing

How to Pay Off Your Mortgage in Less Than 30 Years

By RealtyBiz News | January 18, 2023
Did you know that mortgage rates have been climbing since 2021? In 2021, the average interest rate for 30-year fixed-rate mortgages was lower than 3%. However, the rate briefly touched 7% in late 2022 and has been between 6% and 7% since the beginning of 2023. That means that the lifetime cost of a mortgage has […]
Mortgage

How Rising Mortgage Interest Rates Are Influencing Home-Buying Decisions

By RealtyBiz News | January 3, 2023
Anybody who’s thinking about buying a home might be interested in knowing the average mortgage rate. As of January 2023, the average mortgage rate sits right around 6.59%. That’s more than double the rate that borrowers were getting in early 2021. With mortgage interest rates rocketing upwards, many potential home-buyers are looking for advice on what […]
Broker
Agents/Brokers

How Does a Mortgage Broker Get Paid?

By RealtyBiz News | November 16, 2022
In the first half of 2022, Mortgage lenders gave out 2.7 million loans! Are you considering becoming a part of this thriving industry as a mortgage broker? Becoming a mortgage broker can be one of the most exciting careers you can start.  However, you may be wondering what kind of compensation you will get for doing […]
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