Toronto Realty Blog

AUGUST 8, 2024

Now, think back to Monday’s blog post where I talked about the “replacement value” of downtown condos in 2024, aka the cost of construction. But also think back to Monday’s blog post where I showed you a pre-construction assignment that was purchased for $1,625 per square foot. ” Who cares? per month.

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Principal Investor Construction Fixed-rate mortgage 103

Toronto Realty Blog

SEPTEMBER 8, 2022

But let’s leave interest rates off the list, even though the Bank of Canada increased the overnight lending rate by 0.75% on Wednesday, because we knew that was going to happen. I want to talk about three things: trigger rates, variable vs. fixed spread, and alternative lenders.

Marketing 111

Marketing Fixed-rate mortgage Banks Principal 111

Realtor.com

DECEMBER 27, 2022

Since starting in 2013, AHV manages nine communities in Colorado, Texas, and Washington, with six more under construction in Texas, Alabama, and California. The company is one of the first developers, builders, and operators of luxury, single-family, and attached home rentals.

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Fixed-rate mortgage Branding Development Principal 92

Toronto Realty Blog

JANUARY 6, 2022

I mean, have you seen the “CAT Construction” trucks? Today, most of us, especially myself, see a mortgage as a payment plan. If you bought a house for $900,000, with a $400,000 down payment, your monthly payments under a 5-year, fixed-rate mortgage at 2.59%, on a 30-year amortization, would be $1,596.56.

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Fixed-rate mortgage Banks Mortgages As-is 119

Redfin

JULY 14, 2023

As you make regular mortgage payments, a portion goes towards reducing the principal amount owed, effectively increasing your equity. So, if you’re looking for a new construction or move-in ready home, you won’t necessarily find what you’re looking for in every neighborhood of Birmingham.

Equity 58

Equity Fixed-rate mortgage Closing costs Inspection 58

Marco Santarelli

AUGUST 18, 2022

Data presented by the NH Housing report and echoed by the NH Association of Realtors indicates that the lack of sufficient inventory, both existing homes listed for sale and new units under construction, continues to sustain record high housing prices, which have been augmented by rising financing and construction costs.

Marketing 52

Marketing Fixed-rate mortgage Sales Days on market 52

Marco Santarelli

JULY 30, 2020

2018’s FRM interest rate increase decreased the principal amount homebuyers can borrow while making the same sustainable mortgage payment. Last week, the average rate on 30-year fixed-rate mortgages dipped below 3% for the first time on record and this week stood at 3.01%, down from 3.75% a year ago, according to Freddie Mac.

Marketing 139

Marketing Investor Sales As-is 139

The Close

DECEMBER 29, 2022

How else would you and your clients understand how much is being paid in principal and interest over the years? Annual percentage rate (APR). Clients may be confused about the difference between an interest rate on their mortgage loan and an APR. Construction loan. Got Clients With Interest Rate Questions?

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Purchase and sale agreement Title Pre-approval Proof of funds 98

Marco Santarelli

FEBRUARY 14, 2025

As of February 14, 2025, mortgage rates have slightly increased. The average rate for a 30-year fixed-rate mortgage is now 6.92%, a small uptick of 0.01% from the previous week. This slight increase in rates is just one aspect of a complex and evolving housing market.

Fixed-rate mortgage 52

Fixed-rate mortgage Mortgages Debt-to-income ratio Loans 52

Marco Santarelli

DECEMBER 15, 2024

The Inventory Shortage While lower mortgage rates could make housing more affordable, inventory remains a significant roadblock. Many homeowners locked in fixed-rate mortgages before 2022 with historically low rates of 34%.

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Mortgages New Construction Construction VA loan 93