Greg King

Greg King

Realtor ® S.0070665.LLC Short Sales & Foreclosure Resource®, Zillow English
5550 Painted Mirage Rd. Ste 140 Las Vegas NV 89149
(702) 767-3454

Blog

4 Major Reasons Households in Forbearance Won’t Lose Their Homes to Foreclosure

By Greg King - May 05, 2021
      There has been a lot of discussion as to what will happen once the 2.3 million households currently in forbearance no longer have the program's protection. Some assume there could potentially be millions of foreclosures ready to hit the market. However, four reasons won’t happen. 1. Almost 50% Leave Forbearance Already Caught Up on Payments According to the&nb

Homeownership Is Full of Financial Benefits

By Greg King - May 03, 2021
  A Fannie Mae survey recently revealed some of the most highly-rated benefits of homeownership, which continue to be key drivers in today’s power-packed housing market. Here are the top four financial benefits of owning a home according to consumer respondents: 88% – a better chance of saving for retirement 87% – the best investment plan 85% – t

Your Tax Refund and Stimulus Savings May Help You Achieve Homeownership This Year

By G.King - April 28, 2021
    If you’re planning to buy a home this year, saving for a down payment is one of the most important steps in the process. One of the best ways to jumpstart your savings is by starting with your tax refund's help. Using data from the Internal Revenue Service (IRS), it’s estimated that Americans can expect an average refund of $2,925 wh

How a Change in Mortgage Rate Impact Your Homebuying Budget

By G.King - April 26, 2021
  Mortgage rates are on the rise this year, but they’re still deficient compared to the historical average. However, anytime there’s a change in the mortgage rate, it affects what you can afford to borrow when you’re buying a home. As Sam Khater, Chief Economist at Freddie Mac, shares: “Since January, mortgage rates have increase

Is Homeownership Still Considered Part of the American Dream

By G.King - April 23, 2021
  Since our nation's birth, homeownership has always been considered a major piece of the American Dream. As Frederick Peters reports in Forbes: “The idea of a place of one’s own drives the American story. We became a nation out of a desire to slip the bonds of Europe, which was still in many respects a collection of feudal societies. Old rich families, or

Buyer and Seller Perks in Today’s Housing Market

By G.King - April 21, 2021
  Right now, the housing market is full of outstanding opportunities for both buyers and sellers. Whether you’re thinking of buying your first home, moving up to a bigger one, or selling so you can downsize this spring; there are perks today that are powering big moves for people across the country. Here are the top two to keep on the radar this season. The Biggest Perk fo

Should We Fear the Surge in Cash-Out Refinances?

By G.King - April 16, 2021
  Freddie Mac recently released their Quarterly Refinance Statistics report, which covers refinances through 2020. The report explains that the dollar amount of cash-out refinances was greater in 2020 than in recent years. A cash-out refinance, as defined by Investopedia, is: “a mortgage refinancing option in which an old mortgage is replaced for

What Credit Score Do You Need for a Mortgage?

By G.King - April 12, 2021
  According to Ellie Mae's most recent Origination Insight Report, the average FICO® score on closed loans reached 753 in February. As lending standards have tightened recently, many are concerned over whether their credit score is strong enough to qualify for a mortgage. While stricter lending standards could be a challenge for some, many buyers may be surprise

What Is the #1 Financial Benefit of Homeownership?

By G.King - April 09, 2021
    There are many financial and non-financial benefits of homeownership, and the greatest financial one is wealth creation. Homeownership has always been the first rung on the ladder that leads to forming household wealth. As Freddie Mac explains: “Homeownership has cemented its role as part of the American Dream, providing families with a place that is their

Will the Housing Market Bloom This Spring

By G.King - April 02, 2021
  Spring is almost here, and many wonder what it will bring for the housing market. Even though the pandemic continues, it’s certain to be very different from the spring we experienced at this time last year. Here’s what a few industry experts have to say about the housing market and how it will bloom this season. Danielle Hale, Chief Economist, realtor.com: &ldquo

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