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Monday 9am - 5pm Tuesday 9am - 5pm Wednesday 9am - 5pm Thursday 9am - 5pm Friday 9am - 5pm

BARRONs Mortgages

As a mortgage loan originator, I work hard to shop and compare competitive home loan options.

07/17/2023

🏡𝐇𝐎𝐔𝐒𝐈𝐍𝐆 𝐂𝐑𝐀𝐒𝐇 🚨

𝐃𝐎 𝐍𝐎𝐓 wait for a housing crash like 2007-2011

𝟳𝟯 years of the last 81 home prices have gone UP

LOOK at this data 👀

🟢Green means Home Values went up
🔴Red means Home Values went down

It’s that simple.

2007-2011 crash was due to anomalies:
🔘Poor Lending Standards – If you could breath you could get a loan
🔘Too much inventory – not enough demand
🔘Demographics – low amount of families being created

Don’t listen to the media’s negativity. They say Median home sales are falling

Median = Middle ; They are comparing apples to oranges

Every indicator says home values are accelerating

Case-Shiller; Feb up .2%, Mar up .4%, Apr up .5%
FHFA; Feb up .9%, Mar up .5%, Apr up .7%
CoreLogic; Feb up .8%, Mar up 1.6%, Apr up 1.2%
Black Knight; Feb up .4%, Mar up .5%, Apr up .5%
Zillow; Feb up .1%, Mar up .9%, Apr up 1.4%

‼️𝗛𝗢𝗠𝗘 𝗣𝗥𝗜𝗖𝗘𝗦 𝗧𝗨𝗥𝗡𝗜𝗡𝗚 𝗛𝗜𝗚𝗛𝗘𝗥‼️

07/16/2023

🏡𝐁𝐈𝐃 𝐎𝐕𝐄𝐑 𝐀𝐒𝐊‼️

We are in a multi-offer situation in real estate. Meaning you have to educate your clients why it is 𝗢𝗞𝗔𝗬 to bid over the asking price

The question you have to ask is: "How long will it take for the value of the home to appreciate💹 to get a return on the money you bid over ask or to break even. AND what happens after that"

🅴🅰🆂🆈:

Est. current value = $459,000
Current asking price = $459,000
Bid above asking = $10,000
Total Bid = $469,000

We have appreciation data in every zip code. So let's say it's 3.82% 1-yr forecasted appreciation 💹 on this home

➡️ 6 months ‼️ That's the short amount of time it will take for you to recoup your $10K on this home just off of appreciation alone. Now consider it takes an Avg. of 1 month to close, so in 5 months you break even.

What about after I break even?? In 5 years the Avg. FCST might be 3.66%. So in 5 years that's almost $84K in appreciation.

𝗬𝗼𝘂𝗿 𝗖𝗹𝗶𝗲𝗻𝘁 𝘄𝗶𝗹𝗹 𝘀𝗮𝘆:

"You know I don't want to spend $10K over asking but I don't mind spending $10K if I only have to wait 5 months to break even." 💥

07/11/2023

𝐑𝐄𝐀𝐋𝐓𝐎𝐑 𝐒𝐎𝐋𝐔𝐓𝐈𝐎𝐍: Sellers don't want to give up my 3% rate for a 6.75% rate📢

When they were paying 3% on $400K
Vs
Now they're paying 6.75% on $545K

❌Their monthly payment will increase by $2,572 👎

But guess what, most people have other debts with insane interest rates today!

🔘𝘿𝙊 𝙏𝙃𝙄𝙎: Sell the $400K house with a low rate, instead of taking the proceeds and dumping it all into a down payment for the $545K house

✅Put less money down to buy the next house and pay off the other debts. 👍

Now you’re 𝗱𝗲𝗯𝘁 𝗳𝗿𝗲𝗲 👀, you have no other debts and you’re now paying a blended monthly payment increase of only $286 VS $2,572

So selling your house to pay off debts and upsize into a new house is a great thing to do

07/07/2023

🛑𝐒𝐓𝐎𝐏🛑 Buyers want lower interest rates ‼️

If your home or listing is not selling, do this 👀

𝘿𝙊 𝙉𝙊𝙏 jump right into lowering your purchase price

𝙊𝙁𝙁𝙀𝙍 seller concessions instead for a 𝐭𝐞𝐦𝐩𝐨𝐫𝐚𝐫𝐲 𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐫𝐚𝐭𝐞 𝐛𝐮𝐲 𝐝𝐨𝐰𝐧

⭕️ This is just as attractive as lowering the purchase price in today's market

⭕️ You will keep more money in your pocket

⭕️ You're realtor gets to keep a higher commission

⭕️ This could save you tens of thousands! 𝐒𝐄𝐑𝐈𝐎𝐔𝐒𝐋𝐘

⭕️ Buyers want a lower interest rate, give it to them!

ＦＯＲＥＸＡＭＰＬＥ：
Let's say on a $𝟒𝟎𝟎𝐊 listing you're thinking about dropping the price to $𝟑𝟕𝟓𝐊. Today's rate based on assumptions might be 7.3%. A 2-1 temporary buydown gives the buyer a 5.3% rate the 1st year and a 6.3% rate the 2nd year, effectively lowering their monthly payment year 1 and 2. Seller concessions needed would be 2.910% which is $11,639. Versus just lowering the purchase price by $25K. You'll keep in your pocket ~$14K of equity!! The seller gets a lower interest rate year 1 & 2 , lowering monthly payments, plus will re-finance once interest rates come back down probably at the end of year 1!

It's a win win

07/07/2023

💰 Has your home equity increased over the years? A cash-out refi could let you replace your current mortgage loan with a new one — and pocket some cash in the process.

You can start daydreaming about that bathroom renovation now. No judgment here.

➡️ Message me for a cash-out estimate. No cost. No commitment. No joke. ⬅️
P.S. Cash-out refinances can be used to fund other things too! Think home renovations, a new financial investment, and more.

07/06/2023

𝐇𝐄𝐑𝐄 𝐖𝐄 𝐆𝐎: Summer in Florida is upon us. AND it is HOT 🔥

Tell your tradesman in your network (𝑨𝒊𝒓 𝑪𝒐𝒏𝒅𝒊𝒕𝒊𝒐𝒏𝒊𝒏𝒈 , Roofing, Plumbers, Contractors)

If a client needs a new 𝐀/𝐂 and doesn't have the funds, then have the tradesman tell them about the option to use Equity from their home to help pay the bill.

Tap into equity with a fixed rate HELOC and get cash in as soon as 3 days‼️ It's completely automated 👀

07/06/2023

💰⛽️ 💰 Sorry to be the party pooper around here, but gas is EXPENSIVE! Lucky for you, my technology lets me support you through every loan application step while you chill in the comfort of your own home.

So, pocket that gas cash and message me for your mortgage loan quote — there’s no cost and no commitment.
Not a homebody? I'm just down the street in your local Motto Mortgage office.

07/05/2023

𝐁𝐑𝐄𝐀𝐊𝐈𝐍𝐆: 𝐇𝐨𝐦𝐞 𝐄𝐪𝐮𝐢𝐭𝐲 𝐋𝐨𝐚𝐧𝐬 𝐚𝐫𝐞 𝐛𝐞𝐭𝐭𝐞𝐫 𝐭𝐡𝐚𝐧 𝐂𝐚𝐬𝐡-𝐎𝐮𝐭 𝐫𝐞-𝐟𝐢𝐧𝐚𝐧𝐜𝐞𝐬 𝐫𝐢𝐠𝐡𝐭 𝐍𝐎𝐖‼️ 👀

🔘You don’t need to change your current interest rate

🔘No closing costs

🔘Funded in 3 days generally

🔘No mortgage? Okay! 1st liens allowed

🔘2nd homes and investment properties allowed

07/05/2023

🌠 🏡 😴 Ready to make your dream home happen? Lucky for you, your house might have been saving up for its own makeover.

A home equity line of credit (HELOC) can help you tap into the value your house may have accrued since you bought it. Here’s what you need to know:

• If your home is worth more than you owe on your mortgage loan, you have home equity
• A HELOC may allow you to borrow, then use that home equity like cash, any way you’d like
• Using a HELOC to update your home can be an investment that improves your quality of life, while potentially improving the value of your home at the same time

07/04/2023

🚨 𝐄𝐗𝐂𝐋𝐔𝐒𝐈𝐕𝐄: 𝐇𝐄𝐋𝐎𝐂 𝐰𝐢𝐭𝐡 𝐚 𝐟𝐢𝐱𝐞𝐝 𝐫𝐚𝐭𝐞 👀💲

Get fast access to 🅒🅐🅢🅗 by tapping home equity, closing in as few as 5 days . ACH transfer straight to your account.

🔴Lower rates, compared to alternatives such as personal loans and credit cards

🔴No out-of-pocket costs

🔴Pay for other expenses, such as home renovation, debt consolidation, ADUs, travel, medical expenses, and more!

🔴100% online application. No need to go to the bank.

07/04/2023

Make lending easier with robust support when you join our Motto Mortgage office. Message me today to increase your transparency and decrease your stress.

07/04/2023

Thinking about hosting a patriotic party in your backyard? While firing up the grill is a no-brainer, we’ve rounded up other tips for hosting an Independence Day celebration at home. Get the scoop on our blog.

https://www.mottomortgage.com/blog/tips-celebrating-4th-july-home

Wishing you a festive, memorable, and safe Fourth of July! 🇺🇸 💥

Address

Saint Petersburg, FL

Opening Hours

Monday	9am - 5pm
Tuesday	9am - 5pm
Wednesday	9am - 5pm
Thursday	9am - 5pm
Friday	9am - 5pm

Telephone

+18133637763

Website

https://www.mottomortgage.com/offices/summit-castle-rock/barronokeefe/

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