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Gerald Lucas

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Gerald Lucas

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How Mortgage Buydowns Differ From ARMs & Discount Points?, Demand This Before You Buy Rental Property, US Existing Home Sales Fall By How Much?

January 28, 2025 Gerald Lucas

How Mortgage Buydowns Differ From ARMs & Discount Points?

Real Estate Tip:

Always ask to see any existing leases for any rental property you are considering for purchase. If you buy the property, you will be subject to the terms of those leases. Make sure the leases match the seller’s representations.

Real Estate News:

US existing home sales fell in 2024 to the lowest level since 1995.

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Tags Gerald Lucas, real estate tips, real estate strategies, ARM, adjustable rate mortgage, points, mortgage, mortgage buydown
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What To Do When Your Adjustable Rate Mortgage Increases, First Step BEFORE You Buy Rental Property, US Homeowner Equity Continues Climb

July 16, 2024 Gerald Lucas

What To Do When Your Adjustable Rate Mortgage Increases

Real Estate Tip:

Determine the profitability of a potential rental property BEFORE you make an offer to buy it.

Real Estate News:

Homeowner equity is rising across the United States with New Jersey coming in third highest place among US states with an average increase of $59,000 compared with last year.

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Tags Gerald Lucas, real estate tips, real estate strategies, HARP, ARM, adjustable rate mortgage, mortgage interest rates, HUD
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Are Adjustable Rate Mortgages A Good Idea?, Do This BEFORE You Buy A Rehab, Apartments Rents Finally Fall

September 27, 2022 Gerald Lucas

Are Adjustable Rate Mortgages A Good Idea?

Real Estate Tip:

Confirm contractor availability to work before you commit to buying a property that needs extensive renovations

Real Estate Insight:

Apartment rents are falling from record highs across the US for the first time in almost 2 years.

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Tags Gerald Lucas, real estate tips, real estate strategies, adjustable rate mortgage, ARM, 30 year fixed rate mortgage, variable interest rate, 2008 financial crisis
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