Find Out How Much
Home You Can Afford!
Know exactly what you can afford before you start searching for a home.
Find Out How Much Home You Can Afford!
Know exactly what you can afford before you start searching for a home.
Ready to Buy Your First Home or Next Home?
Mortgage Home Purchase Without the Hassle!
Need financing options on a home, or other real estate? Choosing a purchase loan product that matches your goals and making sure you get a favorable rate doesn’t have to be stressful!
We’re here to make the home loan process easier, with tools and knowledge that will help guide you along the way, starting with a pre−approval letter request.
We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you, whether you’re a first-time homebuyer or a repeat buyer.
Here’s how we find out what your purchase power will be:
- Complete our simple mortgage pre-approval letter request
- Receive options based on your unique criteria and scenario
- Compare mortgage interest rates and terms
- Choose the offer that best fits your needs
Do I Qualify?
To qualify for a mortgage, lenders typically require that you have a debt-to-income ratio of “43/49.” This means that no more than 43% of your total monthly income (from all sources, before taxes) can go toward your new mortgage payment, and no more than 49.99% of your monthly income can go toward your total monthly debt (including your mortgage payment). VA and FHA loans even allow for higher debt ratios on a case by case basis.
- FHA, VA & USDA Loans
- Conforming Loans
- Jumbo & Super Jumbo Loans
- Fixed-Rate Mortgage
- Terms from 5 to 30 Years
- Adjustable-Rates Mortgage (ARM)
Mortgage Home Purchase Without the Hassle!
Need financing options on a home, or other real estate? Choosing a purchase loan product that matches your goals and making sure you get a favorable rate doesn’t have to be stressful!
We’re here to make the home loan process easier, with tools and knowledge that will help guide you along the way, starting with a pre−approval letter request.
We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you, whether you’re a first-time homebuyer or a repeat buyer.
Here’s how we find out what your purchase
power will be:
- Complete our simple mortgage pre-approval letter request
- Receive options based on your unique criteria and scenario
- Compare mortgage interest rates and terms
- Choose the offer that best fits your needs
Do I Qualify?
To qualify for a mortgage, lenders typically require that you have a debt-to-income ratio of “43/49.” This means that no more than 43% of your total monthly income (from all sources, before taxes) can go toward your new mortgage payment, and no more than 49.99% of your monthly income can go toward your total monthly debt (including your mortgage payment). VA and FHA loans even allow for higher debt ratios on a case by case basis.
- FHA, VA & USDA Loans
- Conforming Loans
- Jumbo & Super Jumbo Loans
- Fixed-Rate Mortgage
- Terms from 5 to 30 Years
- Adjustable-Rates Mortgage (ARM)
Get Your Pre-Approval Letter Now!
Get a Rate Quote in Just Seconds!
Mortgage rates change daily and vary depending on your unique
situation. Get your FREE customized quote here!
Construction Starts Falling Rapidly Amid Financing Constraints
Construction Starts Falling Rapidly Amid Financing Constraints
The state of the construction industry in the first half of 2023 is mostly positive, with more normal pricing for materials and increased overall demand, especially from publicly funded projects. However, the sector is facing challenges in hiring and wages, and it is experiencing a slowdown. According to a report from JLL which reported a rapid decline in construction starts in Q2, as financing constraints impacted the previously hot market.
Despite these challenges, there are some positive factors such as strong infrastructure and nonbuilding demand, which have stabilized construction backlogs and architectural billings in the first half of the year. This resilience is providing some support against the softening market.
The report predicts that construction starts will continue to decline throughout 2024. It also notes that different sectors within the construction industry will experience varying levels of activity, with specialization and complexity management playing crucial roles in the success of contractors and regions.
The report forecasts that total construction spending will increase by approximately 6% year-over-year, mainly due to federal support. It is important to note that overall industry sentiment remains positive, as consumer spending and the labor market continue to outperform expectations.
JLL emphasizes the need for talent retention strategies, as job openings remain high and the industry's unemployment rate is unusually low. Wages have increased by 17% since January 2020 nationally, and with just 4% unemployment and 374,000 job openings, addressing the current pipeline is still a top priority. The report expects wages to continue to rise in the coming months, with a total year-over-year growth of 5% to 7%.
In terms of materials costs, finished goods prices have consistently exceeded historical levels, and lead times have remained high in the first half of 2023. The demand for data centers and electrification is outpacing the capacity of mechanical, electrical, and plumbing services.
Inventory and predictability have returned to normal levels, but prices for steel, concrete, glass, and plastic products are still higher than historical averages. However, firms have been able to manage total costs well, with margins facing less pressure from materials. Total costs have stabilized, and in the first half of the year, they have experienced the slowest growth and even some declines since the immediate aftermath of the COVID-19 pandemic.
Building construction starts have significantly declined, leading to a forecasted contraction of active build construction by one-fifth at the start of 2024. However, nonbuilding construction and select building sectors are expected to maintain a healthy industry. Please reach out to me directly if you are looking for private financing for construction and development projects.
If you are in need of an experienced commercial real estate broker I can be reached at 281-222-0433, or you can visit here to schedule a consultation: https://calendly.com/vikingenterprise
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#Commercial Real Estate Broker #Commercial Leasing #Commercial Lending #Structured Finance #Commercial Sales #Commercial Real Estate Investment #Commercial Real Estate Development #eXp Commercial – Viking Enterprise Team #Agent Attraction
If you are in need of an experienced commercial real estate broker I can be reached at 281-222-0433, or you can visit here to schedule a consultation: https://calendly.com/vikingenterprise
https://www.houstonrealestatebrokerage.com/
https://houstoncommercialmortgage.com/
https://www.houstonrealestatebrokerage.com/
https://houstoncommercialmortgage.com/
https://www.tenantbase.com/advisors/bill-rapp/
https://www.billrapponline.com/
https://doctorvideo.billrapponline.com/
https://veteransvideo.billrapponline.com/
https://mortgageviking.billrapponline.com/
https://fha203h.billrapponline.com/
https://renovationvideo.billrapponline.com/
#Commercial Real Estate Broker #Commercial Leasing #Commercial Lending #Structured Finance #Commercial Sales #Commercial Real Estate Investment #Commercial Real Estate Development #eXp Commercial – Viking Enterprise Team #Agent Attraction
Bill Rapp
NMLS # 228246
Popular
Support
Address
11920 Southern Highlands Parkway, Suite 302, Las Vegas, NV 89141
Social
Copyright ©2021 | Mortgage Viking Team
Licensed to Do Business | NMLS # 228246
This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Copyright © 2021 | Medallion Funds
Corporate | NMLS ID NMLS # 1825831
Corporate Address : 11920 Southern Highlands Parkway, Suite 302, Las Vegas, NV 89141
Corporate NMLS NMLS # 1825831 | Company Website: https://medallionfunds.com/bill-rapp/
Get a Rate Quote in
Just Seconds!
Mortgage rates change daily and vary depending on your unique
situation. Get your FREE customized quote here!
Mortgage rates change daily and vary depending on your unique
situation. Get your FREE customized quote here!
Bill Rapp
NMLS # 228246
Popular
Support
Address
11920 Southern Highlands Parkway, Suite 302, Las Vegas, NV 89141
Social
Copyright ©2021 | Mortgage Viking Team
Licensed to Do Business | NMLS # 228246
This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Copyright © 2021 |
Medallion Funds
Corporate | NMLS ID NMLS # 1825831
Corporate Address : 11920 Southern Highlands Parkway, Suite 302, Las Vegas, NV 89141
Corporate NMLS NMLS # 1825831 Company Website: https://medallionfunds.com/bill-rapp/