Home » Real Estate

Category Archives: Real Estate

How I Got Started Flipping Houses

Earlier this year I sold my 200th house flip. These are not wholesale deals that I never technically buy or fix up, these are house flips that we buy, renovate and sell. It has been by no means easy to do this many flips and I have had my fair share of problems along the … Read more

Source: investfourmore.com

Don’t Let Your Current Lender Talk You Out of a Mortgage Refinance

What I’ve seen and heard through the years is certain lenders not being so forthcoming with existing customers wanting to refinance their mortgage. For example, when a homeowner goes to inquire about the “awesome low rates,” their first instinct may be to pick up the phone and call the lender who gave them their current [&hellip

The post Don’t Let Your Current Lender Talk You Out of a Mortgage Refinance first appeared on The Truth About Mortgage.

Source: thetruthaboutmortgage.com

Good Debt and Bad Debt: Is There Really a Difference?

Many people think all debt is bad, others think it is okay to have good debt, and still some like all kinds of debt! Is there a difference between good debt and bad debt and what is good debt vs bad debt? Most people will tell you that good debt is debt that is against … Read more

Source: investfourmore.com

When to Refinance a Home Mortgage: Now, Later, or Never?

Mortgage Q&A: “When to refinance a home mortgage.” With mortgage rates at or near record lows, you may be wondering if now is a good time to refinance. Heck, your neighbors just did and now they’re bragging about their shiny new low rate. The popular 30-year fixed-rate mortgage slipped to 2.80% last week, per Freddie [&hellip

The post When to Refinance a Home Mortgage: Now, Later, or Never? first appeared on The Truth About Mortgage.

Source: thetruthaboutmortgage.com

UWM now offering ultra-low mortgage rates on FHA loans

Ahead of its initial public offering slated for mid-December, United Wholesale Mortgage is offering mortgage rates below 2% on FHA loans through its Conquest Program.

UWM, the second-largest lender in the country, is offering rates between 1.99% and 2.5% on FHA loans, the company announced in a statement on Wednesday. The rates will be available on FHA purchase mortgages, FHA rate and term refinances, and FHA streamline refinances.

On Wednesday, the FHA announced new loan limits for 2021, increasing those amounts to $356,362 for much of the U.S. and to $822,375 in high-cost areas.

The Conquest FHA announcement is the latest in a series of UWM product launches in 2020. The lender, led by CEO Mat Ishbia, has offered ultra-low mortgage rates on VA purchase and IRRRL loans, as well as purchase and refinances on both 30-year and 15-year fixed-rate products.

Not all borrowers have qualified for the products, and to obtain the lowest rates borrowers have had to buy points upfront.


5 reasons to refinance your mortgage right now

If you’re thinking about refinancing your mortgage, here are five reasons why you might want to act now and reach out to a loan officer.

Presented by: Citi Mortgage

Like many other mortgage companies, UWM has ridden a wave of record-low mortgage rates and rising home prices en route to its best-ever year in 2020.

As of the end of the third quarter, Pontiac, Michigan-based UWM closed nearly $128 billion in production, eclipsing the $108 billion it originated throughout all of 2019, the firm said. UWM originated $54.2 billion in closed loans during the third quarter, an 81% increase from the $29.9 billion it originated in Q3 2019 (loan volume was up 31.8% from Q2 2020).

According to company statements, net income totaled $1.45 billion in the third quarter, up from $198 million during the same period in 2019. The gain-on-sale margin also inched up to a record 3.18%; a year ago it was 1.29%.

In the summer, UWM announced it was merging with a blank-check company led by businessman Alec Gores. Ishbia, who will control 94% of the company, is seeking a valuation of about $16.1 billion. He’s described the impetus to go public as achieving greater scale, promoting the broker channel, and avoiding having to sell mortgage servicing rights.

The mortgage brokers that UWM bet its future on and championed have also reaped the rewards from low mortgage rates and a boom in mortgage originations over the last few quarters.

According to Inside Mortgage Finance, the wholesale and correspondent channels in the third quarter rose 34.1% from the second to the third quarter. By contrast, there was only a 9.2% increase in retail production and 16.9% growth in total first-lien originations, the publication reported. The third-party-origination share of third-quarter production rose 4.5 percentage points to 35.5% in the third quarter.

The post UWM now offering ultra-low mortgage rates on FHA loans appeared first on HousingWire.

Source: housingwire.com

Mortgage rates decline this week – HousingWire

Mortgage rates decline this week  HousingWire

Source: housingwire.com

Should You Buy A House When You’re In Debt? Things To Consider First

Buying a home is part of the American Dream. These days many people are delaying that dream, due to being in debt. But should they?

The post Should You Buy A House When You’re In Debt? Things To Consider First appeared first on Bible Money Matters and was written by Melissa. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.

Source: biblemoneymatters.com

New Hampshire’s Most Expensive Home Is a Spectacular $19.5M Lakefront Estate

New Hampshire Most Expensive HomeJared Sauliner/ Seacoast Photography

A relatively new house designed to look old is the most expensive home in all of New Hampshire. The Granite State’s priciest place is available for $19.5 million.

“It was designed to look like it had been here for hundreds of years, and it’s designed to last for hundreds of years,” says listing agent Jamieson Duston. “It definitely has a nod to some of the old-school lake houses of the past, back to the grand time on the lake in the 1920s and ’30s where people would literally visit each other by boat.”

Built in 2006, the 17,771-square-foot house is on Springfield Point Road in Wolfeboro. The sprawling house sits on 7 acres on the banks of Lake Winnipesaukee with 841 feet of water frontage.

There are a whopping 37 rooms, including eight bedrooms and 11 bathrooms.

“It’s almost hard to comprehend the scale of the house until you’re in it. The pictures just don’t do it justice. It’s pretty amazing,” Duston says. “I would sort of call it a rustic elegance. It has that sort of old-school lake house feel, but it’s really warm—and despite its size, it feels cozy inside the house.”

Aerial view

Jared Sauliner/ Seacoast Photography

Exterior

Jared Sauliner/ Seacoast Photography

Exterior

Jared Sauliner/ Seacoast Photography

Exterior

Jared Sauliner/ Seacoast Photography

Entry

Jared Sauliner/ Seacoast Photography

Interior

Jared Sauliner/ Seacoast Photography

Great room

Jared Sauliner/ Seacoast Photography

Indoor space

Jared Sauliner/ Seacoast Photography

Designed for multigenerational family use, the house features multiple wings for sleeping and common areas for socializing.

“It’s got a 30-foot vaulted ceiling and a stone fireplace that’s sort of the showpiece of the house and kind of the anchor of the house,” Duston says.

Dining room

Jared Sauliner/ Seacoast Photography

Office

Jared Sauliner/ Seacoast Photography

The great room opens to the kitchen and dining room.

“When you start walking through the house, you realize everyone really has their own space. The house was designed to host family and friends and give everyone a sense that they’re in their own space, so everyone’s not on top of each other,” Duston says. “Every room has a purpose and thought behind it.”

___

Watch: Kansas’ Most Expensive Home Has a Water Feature You Won’t Believe

___

And if your space needs require an adult beverage, there’s a wine area with storage for 900 bottles and a separate tasting area.

Wine storage

Jared Sauliner/ Seacoast Photography

Tasting room

Jared Sauliner/ Seacoast Photography

Doors to tasting room

Jared Sauliner/ Seacoast Photography

The guest wing comes with a separate entrance, which also adds to the spacious feel.

“One of the things that makes the house special is you could really have two large families living in this house, and they’d almost never run into each other unless they wanted to,” Duston says.

The place has so much privacy and separation for guests, former French President Nicolas Sarkozy once vacationed there with the mansion’s former owner.

Entry

Jared Sauliner/ Seacoast Photography

Staircase

Jared Sauliner/ Seacoast Photography

Staircase

Jared Sauliner/ Seacoast Photography

Light fixture

Jared Sauliner/ Seacoast Photography

Staircase

Jared Sauliner/ Seacoast Photography

The main floor features a large entryway where a four-story mahogany spiral staircase plays a starring role. It also showcases the home’s massive scale.

“You only realize when you’re in the space, and you look around, that you’re in this enormous room, and a light fixture you are looking up at is eight and a half feet tall by four feet wide,” Duston says. “You start to wonder what it would have taken to actually produce that sort of a fixture.”

For those who don’t want to climb the stairs, there are two elevators in the house.

Kitchen

Jared Sauliner/ Seacoast Photography

A new owner will also never be far from a snack. Kitchens are located in the main part of the house, on the lower level, in one guest wing, and on the third floor.

“The main kitchen in the house is pretty spectacular. It’s all Wolfe and Viking,” Duston says. There also are two butler’s pantries and an abundance of seating.

Kitchen in the guest wing

Jared Sauliner/ Seacoast Photography

The kitchen in the guest wing is fully equipped with bar seating.

Summer kitchen

Jared Sauliner/ Seacoast Photography

The indoor summer kitchen has a Viking grill and other high-end appliances. It is in close proximity to many of the entertaining spaces.

“The lower level is all about recreation and fun down there. There’s a spectacular custom-built bar with some really beautiful tile work that has some of the most unique tile I’ve ever seen. It has different fish that you can find in the lake, which is a really neat little thing.”

Lower-level bar

Jared Sauliner/ Seacoast Photography

Game room

Jared Sauliner/ Seacoast Photography

Game room

Jared Sauliner/ Seacoast Photography

The custom billiard, poker, shuffleboard, and foosball tables are included in the sale.

“It all is custom-made, and it all matches and was specifically designed for those spaces,” Duston explains.

Bunk room

Jared Sauliner/ Seacoast Photography

Home theater

Jared Sauliner/ Seacoast Photography

On the third floor is a room with eight bunk beds and a home theater, which seats 15.

“I’ve been in a lot of very nice houses, and this is a professionally designed and built home theater. It’s spectacular,” Duston says. “It’s as comfortable a seat as you will ever sit in.”

Sauna

Jared Sauliner/ Seacoast Photography

There is also a hot tub, sauna, and gym, including a crucial perk to make working out a little more bearable.

“It looks out over the lake and has one of the best views in the house,” Duston says.

The house is about two hours from Boston and 45 minutes from Portsmouth, NH.

Barn

Jared Sauliner/ Seacoast Photography

Boathouse

Jared Sauliner/ Seacoast Photography

Boathouse

Jared Sauliner/ Seacoast Photography

Beach

Jared Sauliner/ Seacoast Photography

Near the main house is a barn and a six-car garage.

“If you’re an automobile enthusiast, this is the ultimate garage,” Duston explains. “It is all finished inside. It’s heated, and there are custom-built cabinets and workshop space all the way through.”

The steel and mahogany boathouse has three enclosed boat bays and slips for an additional four.

“Part of this was friends and family can arrive at the property by water, which is a really cool thing to be able to do,” Duston says. “It’s really rare to have a property that can accommodate that much dockage.”

A small beach area is next to the boathouse.

The current owner bought the house in 2019 for $7.75 million and made several updates, including a complete automation system, security and camera system, and theater equipment.

“It’s probably going to go to someone who wants a legacy property,” Duston says of the home. “This is something that most likely someone’s going to want to keep in the family for a very, very long time.”

Bedroom

Jared Sauliner/ Seacoast Photography

Living space

Jared Sauliner/ Seacoast Photography

Living space

Jared Sauliner/ Seacoast Photography

Hot tub

Jared Sauliner/ Seacoast Photography

Bathroom

Jared Sauliner/ Seacoast Photography

Exterior

Jared Sauliner/ Seacoast Photography

The post New Hampshire’s Most Expensive Home Is a Spectacular $19.5M Lakefront Estate appeared first on Real Estate News & Insights | realtor.com®.

Source: realtor.com

Former OPI Exec Lists Italian-Style Villa in Beverly Hills for $33 Million

The ex-wife of OPI founder George Schaeffer is selling a 7-bedroom, 13-bathroom villa right on the popular N. Roxbury Drive.

Source: fancypantshomes.com

Shigeru Ban-Designed Home in Sagaponack, NY is the Prized Architect’s Only Project in the Area

Many million dollar homes come with name-bragging rights. Sometimes, it’s because a celebrity once lived in the house, or because a famous designer left its touch on the home’s interiors; or maybe the address itself is well-known, for one reason or another.

But there’s a whole other level of name dropping that comes with owning a home envisioned by one of our generation’s leading architects. And that’s exactly the case for this modern glass home in Sagaponack, NY, designed by world-renowned architect Shigeru Ban.

In fact, the property is the award-winning Japanese architect’s first and only work in Long Island, and has recently hit the market with a $4,995,000 price tag. Listed with Matt Breitenbach of Compass, the architectural masterpiece was already marked as Contract Signed on the brokerage’s website mere days after it came to market, which means it’s likely that an architect buff has already seized on the opportunity to own a home designed by the Pritzker-prize winner.

outside a Shigeru Ban-designed home in Long Island, NY
Shigeru Ban-designed home in Sagaponack, NY. Photo credit: Compass
Interiors of a Shigeru Ban-designed home in Long Island, NY. Photo credit: Compass
Shigeru Ban-designed home in Sagaponack, NY. Photo credit: Compass

Famous for blending traditional Japanese elements with modern Western architecture, Shigeru Ban was named to TIME magazine’s shortlist of 21st-century innovators, won the 2014 Pritzker prize (the biggest distinction in the architecture world), and left his imprint on structures like the Aspen Art Museum, Centre-Pompidou-Metz in France, and Tainan Art Museum in Taiwan.

Despite the many accolades, the Japanese architect is most known for being a champion for sustainable architecture and has been instrumental in designing disaster relief housing from Rwanda to Turkey.  His design philosophy is centered around creating uniquely free and open spaces with concrete rationality of structure and construction method, and the Sagaponack home is a perfect embodiment of this.

With a design based on Ludwig Mies van der Rohe’s unbuilt Brick Country House (which dates back to 1924), the 8,000-square-foot home boasts unique architectural features, including a row of pillars that line the path to the front door — and that can double as hidden storage.

Shigeru Ban-designed home in Long Island, NY
Shigeru Ban-designed home in Sagaponack, NY. Photo credit: Compass
Shigeru Ban-designed home in Long Island, NY
Shigeru Ban-designed home in Sagaponack, NY. Photo credit: Compass
Shigeru Ban-designed home in Long Island, NY
Shigeru Ban-designed home in Sagaponack, NY. Photo credit: Compass
Shigeru Ban-designed home in Long Island, NY
Shigeru Ban-designed home in Sagaponack, NY. Photo credit: Compass

The 5-bedroom, 5.5-bath home comes with exceptional furnishings by renowned designer Shamir Shah. It has floor-to-ceiling windows, an oversized living room (with a wood burning fireplace and wraparound views of the landscaped lawn), and a massive workout room that is more akin to a private high-end gym — complete with floor-to-ceiling mirrors and every piece of equipment you could think of, including a spin bike, elliptical, treadmill, press machines, and more.

The indoors seamlessly open to the outdoor areas, where there’s a heated in-ground pool and a pool-side terrace with multiple lounging areas — adding to the tranquil zen garden area (with a modern stone fountain) which greets visitors as they enter the property.

Shigeru Ban-designed home in Long Island, NY
Shigeru Ban-designed home in Sagaponack, NY. Photo credit: Compass
Shigeru Ban-designed home in Long Island, NY
Shigeru Ban-designed home in Sagaponack, NY. Photo credit: Compass

More beautiful homes

This Brooklyn Condo Has a Dreamy Backyard that Will Make You Forget You’re in the City
Power Couple Loren & JR Ridinger Selling Palatial Unit in Jean Nouvel-Designed Building
This Stunning Former East Village Synagogue is Seeking Renters
Former Home and Office of Marilyn Monroe’s Psychiatrist Listed for Sale in Manhattan

The post Shigeru Ban-Designed Home in Sagaponack, NY is the Prized Architect’s Only Project in the Area appeared first on Fancy Pants Homes.

Source: fancypantshomes.com