Nick Torcini Mortgages

02/14/2022

1st Time Homebuyer Equity

02/12/2022

First Time Homebuyers... You need to think about homebuying as a "life changing event", not just a home purchase.

Buying a home is a one of, if not, the best way to begin building wealth. I wish someone had this conversation with me instead of me finding out the hard way and putting myself in "bad" debt buying a bunch of things in my 20's that I don't even remember on credit cards that I spent the next 10 years paying off. (Sorry for the rant, lol)

Look at this example of buying a 350K home with just 3.5% down payment and the equity one would have after 9 yrs (avg time in house). Even in 5 or 6 years it can be a game changer.

08/25/2021

New Home Sales, which measures signed contracts on new homes, were up 1% in July, which was stronger than expectations. New Home Sales are at a 708,000 annualized pace, which is down on a year over year basis off tough comparison, but really not much lower than where we were pre-covid. Looking at in...

07/21/2021

Been busy and that’s good but little time to post. But here we go… just helped this client pull together 200k in equity by refinancing these properties for him. This was not an easy one but we pulled it off! Great terms and client super pleased. Rates are lower now then they have been for a while. Now is the time!!!

06/30/2021

When a client comes to you for a rate/term refi and in the end you show them how to save an additional $400/mo paying off high interest debt!

06/28/2021

EPM assists our clients using a diverse group of mortgage products that cover a wide spectrum of financial and credit situations.

What’s more, our generous satisfaction guarantees apply to every borrower, not just the prime credit consumer.

Also consider this, there is no cost or obligation to apply for a loan or get a custom loan search.

Contact me to see how I/We can help you build wealth through mortgage planning!

06/17/2021

Great people, needed a little help to payoff some CC debt. Fresh start with $0 debt and lowered mortgage payment by a few bucks too!

05/29/2021

Let’s talk about outdoor upgrades! 🌳

Little upgrades such as outdoor appeal can take your home from “for sale” to “sold”. Most homebuyers are looking to purchase a home that looks nice!

By making these small upgrades, you are giving a good impression and more likely to sell your home for a higher value. 🔥

05/27/2021

Northeast seeing the biggest decline.

Pending Home Sales, which measures signed contracts on existing homes, decreased by 4.4% in April. This is all due to a lack of inventory because the demand to buy homes is there. Year over year Pending Sales are up 51%, but that is skewed because last year in April no one was out there singing cont...

05/25/2021

Some Crazy Stats Here:
- Inventory down almost 21% YOY
- Homes on Market Avg 17 Days
- Home Prices up 19% YOY
- Homes Above 1mil Up 212%


https://www.mbshighway.com/gallery/existing-home-sales-5-21-2021-png?fbclid=IwAR2lIf4Q7kNzOzkrYpEjWmuRpc3loH9Tj-sZNGo9N69Q80yqVAmry2NSdso

Existing Home Sales, which measures closings on existing homes, were down 2.7% in April, but are up still up 19% from 2019 and 33%year over year. Inventory 1.16M homes for sale, which is down over 20.5% year over year, which is a 2.4-month supply. Homes were only on the market for 17 days on average...