The housing market is an enormous market and absolutely brimming with opportunity and a lot of competition. It takes a creative, prepared, and industrious real estate agent to pull ahead of the pack! Here are some tips to help you stay on your A-game. Team up with other real estate agents. Work together for a … Continue reading "Tips to Help You Become a More Successful Real Estate Agent￼"
There’s a common misconception among potential homeowners that a 20% down payment is required to purchase a home—in fact, about one in three would-be homeowners believe this according to Freddie Mac. This misconception causes many future homeowners to believe that it will be years before they can purchase a home, or that homeownership will always be out … Continue reading "How Lenders Can Grow Millennial Homeownership"
In 2019, the US Federal Reserve issued a report stating that homeowners had a median net worth of $255,000. Renters, on the other hand, had a median net worth of $6,500. This staggering difference in wealth represents an enormous advantage for some homeowners—and possibly their children. “You enter the middle class through homeownership, right? That’s … Continue reading "Building Generational Wealth Through Homeownership"
CBC Mortgage Agency is excited to be part of the MBA’s Annual Convention & Expo 2021 event that is hosted by Mortgage Bankers Association on October 17th – 20, 2021 at the San Diego Convention Center in San Diego, CA. At the event, CBC Mortgage Agency will be in attendance to discuss Chenoa Fund and … Continue reading "CBC Mortgage Agency’s Chenoa Fund™ To Exhibit At MBA’s Annual Convention and Expo 2021"
Interest rates are starting to rise making refinances for homeowners more of a challenge. Last year’s unprecedented low interest rates created a huge demand that helped many lenders access a large amount of refinance opportunities, but as refinances start to slow down lenders will need to shift their focus towards home purchases. In this article … Continue reading "4 Tips Lenders Can Use to Prepare for the Upcoming Refinance Dry Spell"
41%. That number represents the homeownership rate of the black community in the United States. It’s among the lowest of homeownership rates in the nation—and it has been going down for years. Homeownership rates improve slightly for other minority groups, but they still aren’t good (45–55%). From this, it is clear that many underprivileged Americans … Continue reading "The Cleveland Realtist Association, Minority Homeownership, and Chenoa Fund"