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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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3 Ways To Get Lower Interest Rate When You Buy A Home, Neighbor Intelligence In Property Due Diligence, Multifamily Parking Demand Changes

October 17, 2023 Gerald Lucas

3 Ways To Get A Lower Mortgage Interest Rate When You Buy A Home

Real Estate Tip:

Talk to neighbors before you buy a home-the more information you have the smarter your buying decision will be.

Real Estate News:

Demand for parking at multifamily properties in New Jersey is well below what state guidelines require, according to a new study, highlighting the potential to reduce construction costs and improve housing affordability by easing state mandates.

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Tags Gerald Lucas, real estate tips, real estate strategies, interest rates, mortgage rates, mortgage interest rates, adjustable rate mortgage, builder
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