What’s an extended rate lock? Instead of the typical 60-day lock-in period, buyers who get an extended rate lock can secure a rate for up to 350 days. If rates go up, they’ve saved some money. If rates drop, buyers have the option to float down if it’s no sooner than 60 days prior to closing. How will my clients save? Usually, there’s a $750 extended rate lock fee, but this month, Richmond American is paying the fee for buyers who contract by 10/31 and…
Clients shopping their mortgage options? Share our helpful infographic! This simplified starting point may clue them into a financing avenue they’ve overlooked—potentially boosting their buying power. Select each section of the infographic to read more about FHA loans, conventional or Jumbo loans, USDA loans or VA loans. Ultimately, the best resource for loan information is a loan officer, but your clients may appreciate a brief overview of the market’s most common home loan types. HomeAmerican Mortgage Corporation’s principal offices are located at 5775 DTC Boulevard,…
Whether you’re reaching out to renters, reassuring first-time homebuyers or giving repeat buyers a refresher on home financing, you may run into some of the following misconceptions. We’ve written a few articles to help you fight back with mortgage facts.
After a fall uptick—and predictions pointing to more interest rate hikes in 2019—mortgage rates have trended down in recent weeks. That spells good news for home shoppers this spring selling season! Even better: Buyers who choose one of our Gold Star homes this month and close by 4/30 can take advantage of new special financing, with FHA rates as low as 3.625% (4.667% APR) while funds last.^ Check out the chart below to see how those savings will affect your clients’ estimated monthly payments. Example:…
Good news: our homebuyer incentives have been extended through February! That means your clients can take advantage of closing cost assistance and exciting financing options from our mortgage affiliate. Are you ready to put these offers to work for you? Money for closing is an easy sell. Who doesn’t want to pay thousands less out of pocket at the closing table? Your clients can read all about our closing cost assistance offer and claim their savings certificate here. The special financing and the extended rate…
Did you know that Richmond American Homes has affiliated mortgage, insurance and title companies? That’s three more reasons for your clients to consider us in their new home search! What’s the advantage of choosing to work with our affiliates? These reputable companies provide a comprehensive range of home services—and a streamlined experience for your customers. In addition to inspired floor plans with designer details, exciting included features and abundant personalization options, your clients will have access to a talented team of professionals who work together…
As a real estate professional, you’re probably well aware of the potential equity and tax benefits renters could be missing out on, but they might not understand them. That’s why some renters who could benefit today from homeownership still remain on the fence. Even when they decide to jump in the market, everything about the homebuying process is entirely new. That’s why first-time homebuyers need professional advocates like you, and we’re here to help put a plan of action together. Here are six points to…
Have clients with mortgage questions? Share our new infographic! It gives a very simple overview of the mortgage process from start to finish and—if your buyers want to dive deeper—a link to get our Mortgage Quick-reference Guide. Knowing what they’ll need to have on hand when they apply and throughout the processing of their loan may help your clients stay on track for a smooth closing. DOWNLOAD AND SHARE
Buying a home presents a few extra challenges for active-duty servicemen and women, but it also offers some unique advantages—the opportunity to build equity while using a tax-free Basic Allowance for Housing (BAH), for example. Armed with a little information, your military client’s experience doesn’t have to be much different from the average homebuyer’s. Here’s what you can do to help: Find out how far from base your clients would like to live. For some military families, the distance from base isn’t just a…
Mortgage rates are making headlines again. With Freddie Mac reporting the highest 30-year fixed rate average in four years and further hikes possible in the next few months, buyers on the fence may be feeling some urgency to make a move. During Richmond American’s Time to Lock Event, house hunters have two ways to keep ahead of rising rates: For a limited time, Richmond American’s affiliate, HomeAmerican Mortgage Corporation, is offering an extended rate lock for up to 350 days—with a one-time option to re-lock…
