Here, we shed light on the often underestimated but important homeownership step that can have serious consequences if neglected. Join us as we delve into the hidden dangers of overlooking this vital step and learn how it can impact your beloved home.
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When it comes to safeguarding your investment, understanding the silent threats that lurk in the shadows is imperative.Neglecting this particular task not only jeopardizes the functionality and lifespan of your home but can also put your family's safety at risk.
Throughout this video, we uncover the lesser-known dangers that result from disregarding this crucial responsibility. From plumbing nightmares to electrical hazards and potentially spiraling repair costs, these hidden consequences can quickly escalate if left unchecked.
But worry not! We're here to guide you through the process, providing invaluable insights into effectively tackling this vital homeownership step. Our expert advice and practical solutions will empower you to mitigate risks, save money, and foster a safe and nurturing environment for you and your loved ones.
Stay tuned till the end, as we share bonus tips and actionable advice that will take your homeownership journey to the next level.
Remember, your home deserves the utmost care and attention it needs. Don't let the hidden dangers take you by surprise. Watch our video now and take a proactive step towards securing a prosperous future for you and your home.
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For more info on how we can provide you with a successful home purchase, refinance or home equity loan (HELOC) mortgage experience, please visit our website: http://www.HTXMTG.com=Edward Foy: H Mortgage281-304-6353efoy@HTXMTG.comhttps://www.HTXMTG.com/LTCompetitive Pricing, Quick Approvals, Close On TimeNMLS 310856 / 218762=Subscribe to navigate the homebuying, refinance, or equity loan (HELOC) process with ease: https://www.YouTube.com/@HOMEQNET?sub_confirmation=1
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Reviews: https://www.HTXMTG.com/ReviewsRecommended Playlists:Mortgage Tips:https://www.youtube.com/playlist?list=PLTYsNqndW-uRJwDLF45ZiIMJu6s5JpBKV
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Videos of Interest:Tap Into Your Home Equity with a Home Equity Line Of Credit (HELOC)https://www.youtube.com/watch?v=4CRXq2CF3aU
The Best Recommendations For Purchasing New Construction From A Builderhttps://www.youtube.com/watch?v=PgkPN_-Quak
Getting Your Mortgage Pre-Approvalhttps://www.youtube.com/watch?v=NCKuNG7lK00=About The Home Equity Network, H Mortgage.We pride ourselves on guiding individuals through the intricate world of real estate & mortgage solutions. Our channel showcases satisfied clients who have successfully navigated the homebuying, refinance, and home equity loan (HELOC) process with our assistance. From insights on purchasing to understanding the nuances of VA Mortgages, our videos aim to educate and empower.With content that resonates with both first-time homebuyers and seasoned investors, we believe in the adage, 'Don't Wait to Buy Real Estate, Buy Real Estate & Wait.'
We Provide Real Estate & Mortgage SolutionsSubscribe: https://www.YouTube.com/@HOMEQNET?sub_confirmation=1=Disclaimer: We do not accept any liability for any loss or damage which is incurred as a result of listening to any of our publications. For all videos on my channel: This information is for general & educational purposes only. Always consult with an attorney, CPA, or financial professional for advice based on your specific situation.Copyright Disclaimer: Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational, or personal use tips the balance in favor of fair use.© The Home Equity Network, H Mortgage.
We discuss everything from what you need to get approved to interest rate buydown options.
Preparing you for buying a home, whether it is your first time buying a home or you are a seasoned investor, you'll find value in this information.
Special Thanks To :
Cory "The Real Estate Guy" Grant: EXP Realty(832) 493-3920corytherealestateguy@gmail.com
#MortgageApproval #FirstTimeBuyer #RealEstate #Mortgage #HoustonMortgage #TexasMortgage
Are you curious about the future of mortgage rates?With so many interest rate increases over the last few years, who isn’t?We've analyzed the market trends and predictions to bring you insight into how future mortgage interest rate drops can and will more than likely, impact the housing market, affordability and inflation.Before we dive into it, click the like button for me and, if you haven’t already, subscribe to the YouTube channel so I can keep providing you with valuable real estate and mortgage insight.Thanks for supporting!
Let’s start with the positives:Affordability: Lower mortgage rates will result in reduced interest payments for homeowners, making homeownership more affordable and accessible to a broader range of potential buyers.Increased Demand: Lower mortgage interest rates are likely to lead to a surge in housing demand as more people are inclined to purchase properties, potentially driving up the demand for homes. This is great news for homeowners.
Savings: Existing Homeowners can save money by refinancing their mortgages at the lower rates, which can free up extra cash for other expenses or investments.
Upgrading: with the combined benefit in increased home values and lower mortgage interest rates, existing homeowners may find it easier to upgrade to a more desirable property, allowing them to live in a larger, more comfortable residence without sacrificing financial stability.Here is where things get a little trickyYou may have noticed that most of these benefits apply to existing homeowners.This is important because most people who are planning on purchasing a home but waiting for mortgage interest rates to drop may be overlooking the Very important factor of DEMAND.Right now, a lot of people are sitting on the sidelines, waiting for rates to drop and home prices are continuing to rise even our current rate environment, with interest higher than they have been in 20 years.This is due to low inventory.
IF mortgage interest rates drop, you qualify for a higher purchase price, to spend more, but not necessarily to spend more to get more house because WHEN home prices rise, you’re simply going to pay more, see the difference?Just imagine how much and how quickly home prices will increase with the demand multiplied by a drop in mortgage rates.Also, notice my emphasis on “IF” vs “WHEN”.
There is a possibility, even a likelihood that interest rates may drop.7-8% mortgage rates could be the new normal or mortgage rates could go up.But history shows us that home prices WILL rise.Even just a 1 or 2% drop in interest rates can spark a flood of demand on an already low supply of inventory, which could mean that the $500k home that you were thinking about purchasing increases to $700k or more.If you’re questioning whether or not this can happen, just google 2021 housing data.To sums things up: if you’re thinking about purchasing and can afford to purchase a home now, don’t try to time the market, purchase your home.If or when mortgage rates drop, you can refinance but I promise you that you will not be able to pay a 2023 home price in 2024 and beyond.Contact me with any questions or for a no cost mortgage quote.like and share this video.
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The strong job growth in the United States, adding 336,000 jobs, has both positive and negative implications. On the positive side, it benefits the labor market. However, it also signals a hot economy to the Federal Reserve, potentially leading to measures like interest rate hikes, which, in turn, have caused 30-year mortgage rates to reach a 23-year high of 7.84%. The real estate market is under pressure due to elevated rates, causing economic anxiety, and it's expected to lead to a decline in home sales.
The one bright spot in the job report is that wage growth has slowed, which could help slow inflation. However, the continued high interest rates are damaging various sectors of the economy, and some experts suggest the Fed should consider cutting rates next year to achieve a soft landing. Despite high interest rates, home prices continue to rise due to low housing inventory. This suggests that as long as people need housing, prices will likely keep increasing. While some potential homebuyers are holding off, it may provide opportunities for negotiation in the limited inventory.The advice is to buy a home if you can afford it, with the option to refinance if interest rates drop in the future.
#HowJobGrowthImpactsHomebuyers #JobGrowth #HomeBuyers #HousingSituation #RealEstate #EconomicGrowth #HousingMarket #HTXMTG