The Double Comma Club
Episodes

4 days ago
4 days ago
What is an adjustable-rate mortgage? and the bigger question is should you get an adjustable-rate mortgage? Inquiries regarding Adjustable Rate Mortgages are picking up steam! An ARM can help buyers expand their qualifications because they tend to have lower interest rates when we are in a rising interest rate market... like today. But with a lower interest rate comes a bit more risk. So before buyers jump in and say that this is their "golden ticket," let's break down what an ARM is, highlight the pros and cons and discuss who can benefit from ARM financing. Have questions? Feel free to reach out to my team and we'd be happy to answer them for you :) -------------------- Glossary moment: A couple of terms covered in this episode: SOFR and LIBOR. The main difference between SOFR and LIBOR is how the rates are produced. While LIBOR is based on panel bank input, SOFR is a broad measure of the cost of borrowing cash overnight collateralized by U.S. Treasury securities in the repurchase agreement (repo) market.

6 days ago
6 days ago
If you talk to two different real estate agents in the Denver real estate market, you will get two different stories. However, the theme remains the same, the housing market is in a constant state of flux. Just when we think we know where it's heading, it flips a 180! This episode is about a tale of two markets - Tips and Strategies to Get Under Contract. I know buyers and agents are frustrated, but we are here to help you gain a competitive advantage and WIN your deal.

Monday May 16, 2022
Monday May 16, 2022
What will housing look like in a recession? A recession will be good for housing. Recessions usually bring lower interest rates which will bring on strong demand. Strong demand on top of birth rates 30-33 years ago and high liquidity brought on by the Fed. Lower interest rates when supply is challenged by "interest rate lock", aging in place, investor buyers, and builder backlog. Headlines want you to be worried. I want you to jump in. From my seat, the sooner you get in before a recession comes, the more opportunity for equity growth, when demand spikes and home prices rise. Want to know what you can do? Let's talk!

Wednesday May 04, 2022
Wednesday May 04, 2022
Homebuyers should hear this... NOW IS THE TIME! You do not want to be on the other side of a recession because when interest rates fall, demand will spike again! We simply do not have enough inventory to satisfy that demand once it comes. So while your rate may be lower, the competition will ramp up, the probability of bidding over ask will be higher and there won't be as many homes to choose from. Listen to this episode of The Double Comma Club, "Interest Rates are Increasing, is a Recession Looming?".

Friday Apr 29, 2022
Friday Apr 29, 2022
It's one thing for an expert to tell you what you should do when investing in a home, refinancing, and selling. But when you have an opportunity to hear a real start to finish story from a home buyer to held out for the full must-have list and then successfully purchased a home in the Denver market, you will be riveted. Kara Palffy is Nicole's guest. She's the Business Development Manager at The Rueth Team. Buying her second home, selling the first, and all of the hours required make for the best kind of story. Nicole asks Kara about what she had to do to prep her home, how much they actually got over asking, why they decided to NOT add to their real estate empire and sell their first house instead, and how their goal of staying in this home for many years affected several decisions.

Wednesday Apr 27, 2022
Wednesday Apr 27, 2022
So how old do I have to be, to take advantage of a reverse mortgage? Generally speaking, we say 62 years old because the FHA product, which is the most commonly used program today requires one of the homeowners to be 62. However, we also have non-FHA programs that will allow clients as young as 55 years old to get into a reverse mortgage. Nicole asked Gabe Bodner, Retirement Mortgage Specialist on The Rueth Team, "What's the biggest benefit to a homeowner to want to look into this further? And, what is the advantage to me and why should I look into this right now? If I'm 55 to 65 years old?" I think that we're finally starting to see the transition and the mentality shift between our realtor partners and our financial advisor partners, where they're starting to see that, WOW!, this is such a powerful tool that it shouldn't be utilized and viewed as if I'm running out of money. Then I should look at doing a reverse mortgage. It is now being viewed as a smart financial strategy where we're seeing clients with millions of dollars of assets under management, look at doing a reverse mortgage because of the tax benefits. It is no longer the loan of last resort. This is a smart cash flow tool for anybody looking at tapping into their home equity to preserve their assets under management. Tune in to this 9-minute episode to learn more.

Thursday Apr 21, 2022
Thursday Apr 21, 2022
And do you know which is better for you? I don't believe that one of these loan programs is 'better' than the other. However, I do believe that one may work better for YOU. FHA and Conventional Loans each bring something different to the table, thus working better for one type of buyer over the other. You don't need to know the hyper-specifics of each program, that's what we're here for. But it can be helpful to have a basic knowledge and ask your mortgage lender the right questions. Listen to this 7-minute episode of The Double Comma Club, "What is the difference between FHA and conventional loans?"

Wednesday Apr 20, 2022
Wednesday Apr 20, 2022
It's no secret that the real estate market, ESPECIALLY in Denver, has seen a dramatic increase in home prices. According to CoreLogic, the national median home price grew at an all-time high 18.8% year-over-year in December 2021. Homebuyers are feeling the rise in costs of EVERYTHING, and the increased home prices are not going away anytime soon. The cost of waiting is extreme! It's time to get off the fence and into a home. Be sure you give my team a call and let's come up with a strategy that begins building long-term wealth through real estate. Nicole goes into details in this 14-minute episode about each of the reasons: 1) Artificially low mortgage rates during the pandemic 2) Low housing supply 3) Millennial household growth 4) Inflationary actions by the FED 5) Building costs & inflation 6) FOMO

Friday Apr 15, 2022
Friday Apr 15, 2022
You just spent a lot of time, effort, and money getting into your new home... but what's next? There are some important things to take note of in the months following closing day such as: Your first mortgage payment HOA Payments Utilities Home renovations

Wednesday Apr 13, 2022
Wednesday Apr 13, 2022
Buy NOW to have options later. Real estate is still the number one hedge against inflation and the potential to build long-term wealth is still there! Although the real estate market is tough right now, you have to get in in order to build long-term wealth, earn appreciation, use the equity you've built for a renovation or a move up and you can always refinance once things calm down. Your long-term goals can be achieved through owning a home and we want to help you get there. As always, don't hesitate to reach out if you're ready to start or complete your homebuying journey.