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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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Credit Score You Need To Buy A Home, The Perils Of Renting To Family & Friends, Housing Inventory Continues To Move In Which Direction?

August 20, 2024 Gerald Lucas

Credit Score You Need To Buy A Home

Real Estate Tip:

It's generally not a good idea for landlords to rent to friends and family--mixing business and family can be very painful and costly in many ways.

Real Estate News:

With 36.6% more homes actively for sale than this time last year, July marked the ninth consecutive month of housing inventory growth across the US.

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Tags Gerald Lucas, real estate tips, real estate strategies, credit score, mortgage, conventional loan, USDA loan, VA loan, FHA loan, jumbo loan
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Key First Step Many Home Buyers Miss, Important Landlord Budgeting Tip, Mortgage Interest Rates Drop!

August 13, 2024 Gerald Lucas

Key First Step Many Home Buyers Miss

Real Estate Tip:

Landlords should plan for seasonal property maintenance in their annual budgets for things like leaf and snow removal, tree trimming and air conditioner maintenance and repair.

Real Estate News:

Mortgage interest rates in the US recently hit their lowest level in over a year.

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Tags Gerald Lucas, real estate tips, real estate strategies, mortgage, mortgage loan, mortgage pre-approval
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