American Bancshares Mortgage: Charles Wiley-NMLS No. 1995625

06/22/2026

https://youtu.be/FY7sCq4EI20?is=ZP1CqwXaH9f-Bllf

Do you find yourself asking "Why is this happening to me?" when lif...

06/13/2026

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Feeling mentally overwhelmed? When your thoughts won't stop racing,...

08/01/2024

Hurry the Deadline is August 7th!

Applications for the Miami-Dade County Dream Homes Lottery offers qualified applicants a unique opportunity to secure their dream home through a fair and transparent process.

05/11/2024

As we prepare for Mother’s Day, I wanted to take this moment to say Happy Mother’s Day to all the incredible moms, mother figures, and caregivers out there! We celebrate the unconditional love, strength, and sacrifices you make every day. So whether you’re a biological mom, stepmom, adoptive mom, foster mom, grandmom, aunt, sister, friend, or any other maternal figure, your love and nurturing spirit are deeply appreciated and cherished.

For those who’s moms who are no longer with us but live on in our hearts and memories, we hold you close today and every day. It is that maternal love and legacy that continues to guide and inspire us, and we are forever grateful for the time that was shared.

So join me as we celebrate all the incredible women who have shaped our lives with their love, compassion, and unwavering strength. You are loved, appreciated, and celebrated.

06/12/2023

Yes, been busy closing loans and providing great service. Are you next? Contact me today!

Click to see all 11 reviews of Charles Wiley, Mtg. Loan Originator | NMLS # 1995625

04/22/2023

Home price growth slows but demand remains strong

Annual home price growth increased by its slowest pace in over three years, but not necessarily due to waning buyer demand, according to Fannie Mae.

The government-sponsored enterprise's first-quarter Home Price Index climbed 4.7% on a year-over-year basis, slowing further from a revised 8.6% rise three months earlier. The rate of growth decelerated to a level not seen since late 2019.

Housing costs reached a high in 1Q 2022, before beginning a decline that has now continued four straight quarters coinciding with mortgage rates that are now up more than twofold since early last year.

"As expected, the annual rate of increase in home prices has slowed dramatically in response to the rapid and significant increase in interest rates," Fannie Mae Chief Economist Doug Duncan said in a press release.

On a quarterly basis, prices grew a seasonally adjusted 1% compared to a revised flat outcome of 0% in the final three months of 2022. In the third quarter last year, prices inched up 0.1%.

Growth trends to start the current year show the existence of "pent-up mortgage demand, despite ongoing affordability constraints," which is keeping housing values from pulling back even more steeply, according to Fannie Mae.

"Even though mortgage rates remain elevated compared to the previous few years, the acute lack of housing supply remains supportive of home prices," Duncan said.

Continue Reading…
https://www.nationalmortgagenews.com/news/home-price-growth-slows-but-demand-remains-strong

04/15/2023

Let’s come up with a plan today.…

Why rent when you can own?

Home loan payments may now be less than rent payments. If you don’t intend to stay in your home long, need extra mobility or are unsure about your employment prospects, renting probably makes good sense for you. But if you're planning to stick around, owning may prove to be more rewarding.

Here are five good reasons:
Buying builds equity. On most mortgage loans, you pay down the principal balance with each payment.
Home values rise over time.

Homeownership may bring tax benefits. Deductions for home mortgage interest and real estate taxes save many homeowners thousands every year.

It’s more than just the money. Families become rooted in a neighborhood, school district and community. Homeowners have the freedom to choose paint colors and make modifications. Pets are welcomed. Intangibles like these often formulate the most valuable returns.

Housing is a precious commodity that we all need every day. It's your choice to rent or to own, yet buying a home for yourself usually beats buying one for your landlord. If you want to learn more or find out what you might be able to afford, reach out. We're always happy to help.

📲 833.937.2276
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04/01/2023

Have questions? Give me a call…

Credit Tips – Avoiding Mortgage Late Payments

A good credit score is important for more reasons than just obtaining new credit. These days, it can factor into everything from landing a new job to getting the best deal on your insurance policies. It's more important than ever to avoid late payments on your mortgage!

A 100 point drop for one late mortgage payment? It’s true. A single 30-day-late mortgage payment can cause your score to drop by as much as a hundred points. Credit scoring algorithms vary based on many factors, and in some instances, the damage may be even greater and last for years.

The costs accumulate. At the time, a single missed payment will cost you only a late fee, but the expense really adds up on your next loan or missed opportunity. Low credit scores typically mean a higher rate and cost. Higher rates can mean hundreds or thousands of dollars of extra expense over the life of a loan.

Missed payments are usually unplanned. Usually, events beyond our control lead to late payments, such as an accident, illness, job loss or family issue. At other times, carelessness or a hectic life may result in a forgotten payment.

What can you do?
• Plan for the unexpected. Maintain an emergency cash reserve account equal to at least 3 months of living expenses or more.
• Automate. If you're prone to forgetting or don't have a scheduled time to sit down and pay bills, set up auto payments through your checking account or put a perpetual reminder on your calendar.

Little other than time will decrease the negative impact of a late payment, so prevention is the one sure remedy. If you don't already have a good system in place to assure timely payments and are not sure what's best, reach out anytime. We'll be happy to help set up a plan that's right for you.

📲 833.937.2276
🌐 myabsm.com

01/03/2023

Happy New Year. Contact me today to help you develop your financial strategy.

Facing high interest rates and home prices, some buyers have only a small down payment to offer. But they still have plenty of options.

12/27/2022

You never wait to buy real estate…. You buy real estate then wait!

Mortgage activity increases for second consecutive week.

Mortgage application volumes crept up for a second straight week thanks to a boost in refinances, but purchases remained flat, the Mortgage Bankers Association said in its final release of weekly loan survey results this year.

The MBA's Market Composite Index, a measure of new loan applications based on surveys of association members, increased a seasonally adjusted 0.9% for the seven-day period ending Dec. 16. But volumes were still 64% lower than they were over the same week a year ago.

The Refinance Index jumped 6%, up for a third straight week, with receding mortgage rates drawing in some borrowers after they peaked at over 7% in October. But last week's refinance activity was still 85% under its level from the same week in 2021.

Continue reading..
https://www.nationalmortgagenews.com/news/mortgage-activity-increases-for-second-consecutive-week