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Things to Know and Consider when Buying a Home (Martini Buyer Guide | Winter 2022)

December 7, 2022 by Kevin Martini

If you are a first-time homebuyer or a repeat homebuyer, there are many things one needs to know and consider when buying a home.  Certified Mortgage Advisor Kevin Martini and Senior Mortgage Strategist Logan Martini curated the Winter 2022 Martini Buyer Guide to simply explain the current real estate and mortgage markets plus vital information about buying a home and the process of getting a mortgage.  The Winter 2022 edition of the Martini Buyer Guide has many informative articles that talk about things one needs to know about the current real estate and mortgage markets. 

winter 2022 martini buyer guide
Winter 2022 Edition of Martini Buyer Guide

If you are buying real estate, if you are selling real estate, if you are refinancing a mortgage or if you work in the real estate arena then the Winter 2022 Martini Buyer Guide would be very helpful since it simply explains the current real estate and mortgage opportunity.

The Winter 2022 Martini Buyer Guide was curated to simply explain what is going on in the real estate and mortgage markets.

Logan Martini, Raleigh Mortgage Broker & Senior Mortgage Strategist

Contents of the Winter 2022 Martini Buyer Guide (things to know and consider when buying a home)

best raleigh mortgage broker logan martini

What is happening in the market?

With everything going on in the housing market right now, you may have a number of questions about what that means for you and your plans to buy a home. Here are three things that are likely top of mind for you.

  • Why did Raleigh mortgage rates rise so much in 2022?
  • What is happening with home prices in Raleigh?
  • Should I buy a home in Raleigh today?
raleigh mortgage lender martini mortgage group what is happening in the housing market page 1 of 2 winter 2022 martini buyer guide
raleigh mortgage lender martini mortgage group what is happening in the housing market page 2 of 2 winter 2022 martini buyer guide

Expert insights for today’s homebuyers

If you want to buy a home today in Raleigh or anywhere for that matter, here are a few things experts say you should know about what to expect and why homeownership is so important.

raleigh mortgage lender martini mortgage group expert insight for todays homebuyers winter 2022 martini buyer guide

Trends that are good news for Raleigh homebuyers

As the Raleigh real estate market has cooled but still remains strong, some of the intensity buyers faced during the peak frenzy of the pandemic has cooled too! Here are four trends that may be beneficial when you go to buy a home today.

  1. More homes to choose from
  2. Bidding wars have eased
  3. More negotiation power
  4. Higher loan limits
raleigh mortgage lender martini mortgage group trends that are good news for raleigh homebuyers winter 2022 martini buyer guide 1 of 3 1
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raleigh mortgage lender martini mortgage group trends that are good news for raleigh homebuyers winter 2022 martini buyer guide 3 of 3

2/1 Buydown

Increasing Raleigh mortgage rates are presenting some challenges and opportunities not just for first-time homebuyers but also to repeat homebuyers too! Leap over the challenges and into the opportunity with a creative mortgage strategy offered by the Martini Mortgage Group called a Seller Paid Buydown.

raleigh mortgage broker kevin martini steer paid buydown winter 2022 martini buyer guide
FREE BUYDOWN CALCULATOR

In most markets in North Carolina, especially in the Triangle, homebuyers will find that sellers are more willing to negotiate on price or other terms more than they have been in recent years.

Logan Martini, Raleigh Mortgage Broker & Senior Mortgage Strategist

5 traps to avoid when buying a home

raleigh mortgage broker logan martini winter 2022 martini buyer guide 5 traps to avoid when buying home 1 of 3
  1. Home shopping before a solid mortgage approval.
  2. Not considering the costs of sale.
  3. Overlooking the costs of improvements, utilities and maintenance.
  4. Using the wrong down payment strategy.
  5. Shopping for a mortgage vs. shopping for the right mortgage professional.
raleigh mortgage broker logan martini winter 2022 martini buyer guide 5 traps to avoid when buying home 2 of 3
raleigh mortgage broker logan martini winter 2022 martini buyer guide 5 traps to avoid when buying home 3 of 3

Top reasons to own your home!

  • Personal Expression
  • Accomplishment
  • Investment
  • Comfort
  • Family
  • Community
  • Privacy
  • Stability

The non-financial benefits of homeownership

While you could see less competition and more room for negotiation, you may be wondering if now’s the best time to buy a home given Raleigh mortgage rates are higher than they were last year. While the financial aspects are important to consider, there are also powerful non-financial reasons it may make sense to become a homeowner. See the full article on page 16 of the Winter 2022 edition of the Martini Buyer Guide.

Things to avoid after applying for a mortgage!

raleigh mortgage broker kevin martini winter 2022 martini buyer things to avoid after applying for a mortgage page 1 of 2
raleigh mortgage broker kevin martini winter 2022 martini buyer things to avoid after applying for a mortgage page 2 of 2 png

Why buying a home makes better sense than renting

If there is a time to rent, that time is not now.

Kevin Martini, Certified Mortgage Advisor and Raleigh Mortgage Broker

The long-term benefit of homeownership

Consider this: if you know people who bought a home 5, 10, or even 30 years ago, you’re probably going to have a hard time finding someone who regrets their decision. Why is that? The reason is tied to how you gain equity and wealth as home values grow with time.

raleigh mortgage broker kevin martini winter 2022 martini buyer benefit of homeownership page1 of 2
raleigh mortgage broker kevin martini winter 2022 martini buyer benefit of homeownership page 2 of 2
Things to Know and Consider when Buying a Home (Martini Buyer Guide Winter 2022)Download

Let’s chat…

I’m sure you have questions and thoughts about securing the proper mortgage with the lowest cost of borrowing and real estate process.

We’d love to talk with you about what you’ve read in the Winter 2022 Edition of the Martini Buyer Guide and help you on the path to buying your new home. Our number is (919) 238-4934 and we look forward to working with you.

logan martini raleigh mortgage lender with martini mortgage group 2

Logan Martini

Senior Mortgage Strategist | NMLS 1591485

Logan@MartiniMortgageGroup.com

    kevin martini best raleigh mortgage broker

    Kevin Martini

    Certified Mortgage Advisor | NMLS 143962

    Kevin@MartiniMortgageGroup.com

      Filed Under: 2-1 Buydown, Affordability, Agency Loan, Appreciation, Buy a Home, buydown, Buydowns, Conforming Loan, Conforming Loan Limits, Conventional Loan, Fannie Mae, Freddie Mac, Home Loan Rates, Home Loans, Home Values, Housing Market, Inflation, Kevin Martini, Loan Limits, Logan Martini, Martini Buyer Guide, Mortgage, Mortgage Rates, Raleigh, Real Estate, Things to Consider when Buying a Home Tagged With: Buying a Home in North Carolina, Kevin Martini, Logan Martini, Martini Buyer Guide, Martini Mortgage Group, MartiniBuyerGuide.com, North Carolina, Raleigh, Raleigh Mortgage, Raleigh Mortgage Broker, Raleigh Mortgage Lender, Raleigh Real Estate, Real Estate, Real Estate Tips, Things to know and consider when buying a home

      What is an appraisal and how do you read it? 

      November 16, 2022 by Kevin Martini

      Comparables (a.k.a. comps), adjustments, appraiser’s estimate of value – OH MY!

      What is an appraisal?

      The Uniform Residential Apprisal Report often referred to as an appraisal provides an estimate of your home’s value. It provides a professional appraiser’s opinion of what he/she thinks your home may be worth. An appraisal must comply with the Uniform Standards of Professional Appraisal Practice and all regulatory requirements. Raleigh mortgage lenders base your home loan amount on the lesser of the appraised value or the purchase price.

      What are the keywords to know in Uniform Residential Apprisal Report?

      Subject Property – the real estate being appraised 

      Comparable Sales – similar properties located in the Subject Property market area

      Adjustments – a line-item addition/subtraction from the value of a Comparable Sale 

      How does an appraiser determine a value? 

      Appraisers are usually required by the lending guidelines to compare your home with similar homes that have sold within the past 6 months. The appraiser then makes adjustments based on the differences in comparable sales. For illustration ONLY:

      Your Purchase Price: Let’s say you sign a contract to purchase a home for $800,000.  Oh by the way, the home you are purchasing is the Subject Property.

      Comparable Sale # 1 sold for $730,000: However, it doesn’t have a finished basement compared to Subject Property which does. So, the appraiser adjusts the sales price up by $80,000 to $810,000. This means the appraiser thinks Comparable Sale # 1 could have sold for $810,000 if it was more like the Subject Property.

      Comparable Sale # 2 sold for $720,000: However, it only has a 1-car garage, compared to the Subject Property which has a 2-car garage. So, the appraiser adjusts the sales price up by $60,000 to $780,000. This means the appraiser thinks Comparable Sale # 2 could have sold for $780,000 if it was more like the Subject Property.

      Comparable Sale # 3 sold for $800,000: However, it’s a little larger than the Subject Property. So, the appraiser adjusts the sales price down by $20,000 to $780,000. This means the appraiser thinks Comparable Sale # 3 could have sold for $780,000 if it was more like the Subject Property.

      Reconciliation (a.k.a. Appriaser’s Opinion of Value): In this example, the appraiser’s opinion is the Subject Property is worth $790,000 based on the Comparable Sales and all the Adjustments outlined above.

      What if you disagree with the Appriaser’s Opinion of Value?

      Everyone is entitled opinion of value however the mortgage guidelines require the loan amount to be based on the LESSER of the appraised value or the purchase price. If the value comes in lower that expected one can appeal the appraisal. Acceptance of an appeal does not mean the opinion of value will or ill not change. For an appeal request to be accepted, one  must provide a written statement along with alternative Comparable Sales.  

      logan martini raleigh mortgage lender with martini mortgage group 2

      Logan Martini

      NMLS 1591485 | Senior Mortgage Strategist

      Logan@MartiniMortgageGroup.com

        kevin martini best raleigh mortgage broker

        Kevin Martini

        NMLS 143962 | Certified Mortgage Advisor

        Kevin@MartiniMortgageGroup.com

          Filed Under: 1004, appraisal, Home Values, Kevin Martini, Logan Martini, Uniform Residential Apprisal Report Tagged With: 1004, Adjustments, appraisal, Appraised Value, Comparable Sales, Kevin Martini, Logan Martini, Martini Mortgage Group, Martini Mortgage Podcast, Raleigh Mortgage Broker, Raleigh Mortgage Lender, Subject Property, Uniform Residential Apprisal Report

          What is going on in Real Estate and Home Loan Rates (October 2022 Edition)

          October 9, 2022 by Kevin Martini

          What is going on in real estate and home loan rates is the name of a new monthly series being produced by the Martini Mortgage Group for the Martini Mortgage Podcast. Episode 161 is the inaugural issue.

          I truly believe episode 161 is one of the most important, if not the most important, that Logan and I have produced to date.

          Kevin Martini, Certified Mortgage Broker

          Video Edition of Martini Mortgage Podcast episode 161 called: What is going on in Real Estate and Home Loan Rates (October 2022 Edition)

          Audio Edition of Martini Mortgage Podcast episode 161 called: What is going on in Real Estate and Home Loan Rates (October 2022 Edition)

          apple podcast mortgage podcast
          spotify mortgage podcast
          iheart radio mortgage podcast

          Transcript of Martini Mortgage Podcast episode 161 called: What is going on in Real Estate and Home Loan Rates (October 2022 Edition)

          1
          00:00:00,620 –> 00:00:04,726
          [kevin_martini]: there’s a lot of scary headlines out
          there right now which are highlight in the

          2
          00:00:04,807 –> 00:00:09,895
          [kevin_martini]: sudden rise of mortgage rates the increase
          in house inventory people are now talking about

          3
          00:00:10,035 –> 00:00:15,012
          [kevin_martini]: the future of real estate and then
          you have inflation two this is a new

          4
          00:00:15,152 –> 00:00:19,645
          [kevin_martini]: special video and audio edition of the
          new monthly series from the markin mortgage group

          5
          00:00:19,725 –> 00:00:26,039
          [kevin_martini]: that we are calling what is going
          on now before i start mixing it up

          6
          00:00:26,921 –> 00:00:33,153
          [kevin_martini]: i need to make those legal folks
          happy so the primary purpose of this podcast

          7
          00:00:33,213 –> 00:00:40,165
          [kevin_martini]: series is to inform entertain and educate
          the information opinions and recommendations presented in this

          8
          00:00:40,285 –> 00:00:46,455
          [kevin_martini]: podcast series do not constitute legal or
          their professional advice opinions or endorsements of any

          9
          00:00:46,615 –> 00:00:53,226
          [kevin_martini]: kind welcome to the martini mortgage podcast
          episode one hundred and sixty one i’m calling

          10
          00:00:53,287 –> 00:00:58,973
          [kevin_martini]: it what is going on in october
          twenty twenty two inaugural issue my name is

          11
          00:00:59,073 –> 00:01:04,983
          [kevin_martini]: kevin martini and i am a certified
          mortgage advisor and producing branch manager and i’m

          12
          00:01:05,103 –> 00:01:08,629
          [kevin_martini]: less one four three nine six two
          with the martini mortgage group back gold star

          13
          00:01:08,870 –> 00:01:16,377
          [kevin_martini]: gage financial group corporation and les three
          four four six equal house seen lender with

          14
          00:01:16,477 –> 00:01:21,811
          [kevin_martini]: all that said let’s dive into the
          news on friday october seventh the bureau of

          15
          00:01:21,931 –> 00:01:29,558
          [kevin_martini]: labor statistics reported that two hundred and
          sixty three thousand jobs were created in september

          16
          00:01:29,658 –> 00:01:36,473
          [kevin_martini]: twenty twenty two and this was above
          the expectations the unemployment rate decrease from three

          17
          00:01:36,574 –> 00:01:42,724
          [kevin_martini]: point seven to three point five per
          cent to the data from these reports spook

          18
          00:01:42,864 –> 00:01:48,934
          [kevin_martini]: the markets because it provides an unofficial
          signal that the fad will continue on its

          19
          00:01:49,115 –> 00:01:55,306
          [kevin_martini]: tightening journey and it is likely to
          be very aggressive to get inflation under control

          20
          00:01:55,427 –> 00:02:02,926
          [kevin_martini]: moving forward let me be clear the
          fan needs tightening because they need to reduce

          21
          00:02:02,966 –> 00:02:10,218
          [kevin_martini]: demand in the market place and this
          reduced demand should be the thing that teams

          22
          00:02:10,278 –> 00:02:15,824
          [kevin_martini]: the beast and that beast is inflation
          it is my opinion the fed will raise

          23
          00:02:15,984 –> 00:02:22,195
          [kevin_martini]: rates in the november and december meetings
          i also believe the fed fung rate could

          24
          00:02:22,255 –> 00:02:30,295
          [kevin_martini]: be increased by one and a half
          point it is an undisputable fact we have

          25
          00:02:30,396 –> 00:02:35,865
          [kevin_martini]: not seen inflation at this level for
          decades and the fens actions to be transparent

          26
          00:02:35,945 –> 00:02:43,097
          [kevin_martini]: have helped but they’ve helped incrementally but
          inflation is still persistent and high this is

          27
          00:02:43,257 –> 00:02:49,668
          [kevin_martini]: critical because inflation is the nemesis or
          the arch enemy to mortgage rates you see

          28
          00:02:50,820 –> 00:02:55,934
          [kevin_martini]: mortgage rates are not controlled by the
          federal reserve nor do mortgage rates come from

          29
          00:02:56,015 –> 00:03:02,653
          [kevin_martini]: the stock market mortgage rates live in
          the bond market inflating a road the return

          30
          00:03:03,075 –> 00:03:08,185
          [kevin_martini]: of a bond just because there is
          inflation it does not mean the markets will

          31
          00:03:08,285 –> 00:03:14,515
          [kevin_martini]: stop in the simplest of examples market
          makers will offer a higher yield to a

          32
          00:03:14,616 –> 00:03:22,748
          [kevin_martini]: mortgage bond investor when more gage bond
          yield is increased that means mortgage rates will

          33
          00:03:22,948 –> 00:03:28,823
          [kevin_martini]: go higher now i feel that the
          feds actions will get inflation under control in

          34
          00:03:28,883 –> 00:03:34,468
          [kevin_martini]: the first quarter of twenty twenty three
          it’s critical that i share this based on

          35
          00:03:34,628 –> 00:03:40,517
          [kevin_martini]: history the fact has always been late
          to the party and they stayed too long

          36
          00:03:40,597 –> 00:03:45,305
          [kevin_martini]: to the party they were clearly too
          late to this party because they thought inflation

          37
          00:03:45,405 –> 00:03:54,367
          [kevin_martini]: was transiatory not sticky the developing story
          is what will they do when inflationary pressures

          38
          00:03:54,728 –> 00:04:02,437
          [kevin_martini]: are east stay tuned i think they
          will stay after the party is over and

          39
          00:04:02,517 –> 00:04:10,841
          [kevin_martini]: then they will promoting growth rapid massive
          growth and this growth will provide a sharp

          40
          00:04:11,242 –> 00:04:17,019
          [kevin_martini]: drop in mortgage rates by the way
          that’s just not me fan may has said

          41
          00:04:17,080 –> 00:04:24,192
          [kevin_martini]: that too let’s talk about mortgage rates
          for a hot second for some the current

          42
          00:04:24,273 –> 00:04:29,682
          [kevin_martini]: rate environment was not possible however for
          a long term fans of the martini mortgage

          43
          00:04:29,742 –> 00:04:35,176
          [kevin_martini]: podcast they were advised that this was
          likely to happen and for those new fans

          44
          00:04:35,297 –> 00:04:41,786
          [kevin_martini]: let me be clear it is probable
          that mortgage rates will get worse before they

          45
          00:04:41,846 –> 00:04:48,752
          [kevin_martini]: get better it is not unthinkable that
          mortgage rates could start with an eight sooner

          46
          00:04:49,154 –> 00:04:56,289
          [kevin_martini]: than later there are advanced strategies offered
          by myself and fellow morgan strategist logan martine

          47
          00:04:56,349 –> 00:05:02,279
          [kevin_martini]: to help today and in the future
          too if home ownership is right for you

          48
          00:05:02,459 –> 00:05:07,227
          [kevin_martini]: as first time home buyer or as
          a repeat home buyer one of the many

          49
          00:05:07,488 –> 00:05:14,900
          [kevin_martini]: options is the martini mortgage group no
          contract lock program with a free flow down

          50
          00:05:15,561 –> 00:05:22,993
          [kevin_martini]: up to ninety days this is a
          very simple program but it is very powerful

          51
          00:05:23,775 –> 00:05:29,003
          [kevin_martini]: here’s how it works a future home
          buyer ken lock their mortgage rate at to

          52
          00:05:29,084 –> 00:05:35,334
          [kevin_martini]: day’s price and that price can be
          protected for up to ninety days in the

          53
          00:05:35,414 –> 00:05:39,782
          [kevin_martini]: event there’s an improvement in the rate
          when the future home buyer goes under contract

          54
          00:05:40,183 –> 00:05:44,815
          [kevin_martini]: for their new home they will have
          the option to float the right down to

          55
          00:05:44,856 –> 00:05:53,546
          [kevin_martini]: the improved right how cool is that
          this unique no contract lock program can be

          56
          00:05:53,586 –> 00:05:59,275
          [kevin_martini]: combined with a seller paid by down
          program offered by the martini mortgage group for

          57
          00:05:59,335 –> 00:06:04,504
          [kevin_martini]: more information about the seller paid by
          down check out episode one five nine of

          58
          00:06:04,544 –> 00:06:12,057
          [kevin_martini]: the martini mortgage podcast since it explains
          it in great detail the benefits of a

          59
          00:06:12,157 –> 00:06:18,903
          [kevin_martini]: seller paid by down just give you
          a glimpse if that’s okay real belief fly

          60
          00:06:18,983 –> 00:06:23,990
          [kevin_martini]: there are three types of by downs
          there’s a one one by down there’s a

          61
          00:06:24,371 –> 00:06:30,040
          [kevin_martini]: two one by down and there’s a
          three to one by down for illustration only

          62
          00:06:30,161 –> 00:06:35,670
          [kevin_martini]: let’s assume your rate you lock with
          our no contract lock program at six per

          63
          00:06:35,730 –> 00:06:42,560
          [kevin_martini]: cent and let us assume you negotiate
          or two one seller paid buy down this

          64
          00:06:42,700 –> 00:06:47,027
          [kevin_martini]: would mean in the first year your
          rate would be four per cent and in

          65
          00:06:47,068 –> 00:06:50,914
          [kevin_martini]: the second year your rate would be
          five per cent and then it would go

          66
          00:06:51,114 –> 00:06:57,733
          [kevin_martini]: to six for your three through thirty
          seller paid buy downs are a win win

          67
          00:06:58,396 –> 00:07:06,462
          [kevin_martini]: since this program benefits both the seller
          and the buyer too it’s not just me

          68
          00:07:06,783 –> 00:07:16,610
          [kevin_martini]: but it is many experts believe that
          the mortgage rates will significantly improve towards the

          69
          00:07:16,731 –> 00:07:22,039
          [kevin_martini]: end of twenty twenty three to the
          beginning of twenty twenty four the experts that

          70
          00:07:22,140 –> 00:07:26,447
          [kevin_martini]: our bullets she that could be as
          soon as the second quarter of twenty twenty

          71
          00:07:26,487 –> 00:07:31,242
          [kevin_martini]: three to be transparen i think the
          bulls are being a little bit too aggressive

          72
          00:07:31,302 –> 00:07:36,603
          [kevin_martini]: and running too fast here is the
          punch line the home loan rate you get

          73
          00:07:36,683 –> 00:07:40,190
          [kevin_martini]: today is not likely going to be
          the home loan rate you will have in

          74
          00:07:40,230 –> 00:07:45,891
          [kevin_martini]: a couple of years because when the
          thed gets inflation under control again when not

          75
          00:07:46,071 –> 00:07:51,736
          [kevin_martini]: if and while they are staying at
          the party too long which they will there

          76
          00:07:51,876 –> 00:07:57,876
          [kevin_martini]: are going to be re finance opportunities
          according to fanny may as i said earlier

          77
          00:07:58,156 –> 00:08:04,515
          [kevin_martini]: they expect rates to start with the
          four sometime in twenty twenty three this is

          78
          00:08:04,635 –> 00:08:11,869
          [kevin_martini]: why the phrase marry the house and
          date the rate is being said so frequently

          79
          00:08:11,949 –> 00:08:20,737
          [kevin_martini]: by myself my fellow mortgage strategist logan
          martini and others let me break it down

          80
          00:08:21,770 –> 00:08:28,080
          [kevin_martini]: it is very probable that mortgage rates
          will increase over the next three to six

          81
          00:08:28,280 –> 00:08:34,497
          [kevin_martini]: months to levels that millennials have never
          seen and even some folks that are generation

          82
          00:08:34,800 –> 00:08:42,117
          [kevin_martini]: exerts mortgage rates are not the only
          thing going up rents are going up to

          83
          00:08:43,090 –> 00:08:48,900
          [kevin_martini]: don’t believe me well let me share
          the facts in rale north carolina from july

          84
          00:08:49,100 –> 00:08:54,589
          [kevin_martini]: twenty twenty one to july twenty twenty
          two rents for one bedroom apartment went up

          85
          00:08:55,250 –> 00:08:59,657
          [kevin_martini]: two point one per cent and a
          two bedroom apartment went up forty four point

          86
          00:08:59,838 –> 00:09:05,848
          [kevin_martini]: eight per cent in durham the bull
          city of north carolina for the same period

          87
          00:09:05,928 –> 00:09:11,250
          [kevin_martini]: of time to every apartment went up
          fifty four point two per cent you know

          88
          00:09:11,310 –> 00:09:17,861
          [kevin_martini]: what else is going up home values
          did you know that three point eight four

          89
          00:09:18,122 –> 00:09:24,574
          [kevin_martini]: per cent is the average annual growth
          in home prices from ten eighty nine to

          90
          00:09:24,735 –> 00:09:32,198
          [kevin_martini]: two thousand nineteen check it out i
          took out the eighteen point five per cent

          91
          00:09:32,338 –> 00:09:38,068
          [kevin_martini]: of annual appreciation per year for the
          last two years of this calculation because the

          92
          00:09:38,730 –> 00:09:46,075
          [kevin_martini]: home christ growth during the presence of
          the eagle pandemic was a typical so three

          93
          00:09:46,155 –> 00:09:52,880
          [kevin_martini]: point eight four per cent is the
          past what about the future it is my

          94
          00:09:53,001 –> 00:09:58,890
          [kevin_martini]: opinion what one person says about the
          future of home values is irrelevant for me

          95
          00:09:59,491 –> 00:10:04,239
          [kevin_martini]: and for the families the martini mortgage
          group serves the gold standard of future home

          96
          00:10:04,520 –> 00:10:10,791
          [kevin_martini]: uses the home price expectation survey done
          every quarter by pullsnomics and that is because

          97
          00:10:10,871 –> 00:10:17,091
          [kevin_martini]: it’s not one person’s opinion it is
          the opinion of over one hundred experts oh

          98
          00:10:17,191 –> 00:10:23,201
          [kevin_martini]: by the way the home price expectation
          survey is expecting a five year cumulative appreciation

          99
          00:10:23,762 –> 00:10:30,739
          [kevin_martini]: of over twenty four percent closer to
          twenty five actually let me get granular for

          100
          00:10:30,800 –> 00:10:37,347
          [kevin_martini]: a hot second let me not use
          the current forecast from the home price expectation

          101
          00:10:37,487 –> 00:10:43,959
          [kevin_martini]: survey data nor the data from the
          past twenty years prior to the evil pandemic

          102
          00:10:45,400 –> 00:10:51,792
          [kevin_martini]: let me be super conservative and let
          me just say three percent appreciation a year

          103
          00:10:52,293 –> 00:10:59,012
          [kevin_martini]: for the next five years what would
          this mean simply put a fifteen thousand dollar

          104
          00:10:59,072 –> 00:11:05,478
          [kevin_martini]: down payment on a three hundred thousand
          house could grow to sixty two thousand dollars

          105
          00:11:05,558 –> 00:11:12,033
          [kevin_martini]: over five years twenty five thousand dollar
          thou payment on a five hundred thousand dollar

          106
          00:11:12,114 –> 00:11:19,370
          [kevin_martini]: house could grow to a hundred and
          four thousand dollars in over five years a

          107
          00:11:19,590 –> 00:11:25,600
          [kevin_martini]: forty five thousand dollar down payment on
          a nine hundred thousand dollar home could grow

          108
          00:11:25,801 –> 00:11:33,723
          [kevin_martini]: to a hundred and eighty eight thousand
          dollars over five years not owning a home

          109
          00:11:34,364 –> 00:11:42,005
          [kevin_martini]: could not just cost you thousands but
          tens of thousands it’s in we all have

          110
          00:11:42,065 –> 00:11:46,902
          [kevin_martini]: to have a roof over our head
          some will rent it and when you rent

          111
          00:11:47,222 –> 00:11:52,716
          [kevin_martini]: you pay a mortgage you’re not paying
          your mortgage you’re just paying for your landlords

          112
          00:11:52,816 –> 00:11:59,365
          [kevin_martini]: mortgage for them others will own that
          roof and logan martini and myself help them

          113
          00:11:59,525 –> 00:12:05,734
          [kevin_martini]: secure the proper mortgage strategy for that
          roof let me say this another way for

          114
          00:12:05,814 –> 00:12:13,037
          [kevin_martini]: the people the back the growth in
          home appreciation has decelerated in twenty twenty two

          115
          00:12:13,398 –> 00:12:19,288
          [kevin_martini]: but just because home prices have decelerated
          it does not mean homes are going to

          116
          00:12:19,368 –> 00:12:27,025
          [kevin_martini]: depreciate in the aggregate poets are going
          to continue to appreciate and grant it in

          117
          00:12:27,245 –> 00:12:34,970
          [kevin_martini]: some markets that were extra frothy we
          may see a decline from their peak key

          118
          00:12:35,151 –> 00:12:43,426
          [kevin_martini]: word is some markets right now home
          buyers can still find opportunities and i believe

          119
          00:12:43,506 –> 00:12:52,690
          [kevin_martini]: that today a home buyer has the
          proper conditions to secure more buying power if

          120
          00:12:52,730 –> 00:12:56,817
          [kevin_martini]: you’re thinking of buying a home for
          the first time or as a repeat home

          121
          00:12:56,837 –> 00:13:02,486
          [kevin_martini]: buyer simply give a mortgage strategist with
          a martini mortgage group a jingle by dialing

          122
          00:13:02,546 –> 00:13:08,784
          [kevin_martini]: nine one nine two three eight forty
          nine thirty four because it should always be

          123
          00:13:08,885 –> 00:13:15,885
          [kevin_martini]: home long first and then go find
          your home okay okay okay let me talk

          124
          00:13:16,025 –> 00:13:21,185
          [kevin_martini]: about this elephant that’s in the room
          many good people were hurt during the housing

          125
          00:13:21,265 –> 00:13:26,734
          [kevin_martini]: crisis in two thousand eight if you
          are not directly impacted is likely that someone

          126
          00:13:26,794 –> 00:13:33,524
          [kevin_martini]: you cared about was negatively impacted is
          sad what happened during the housing crisis but

          127
          00:13:33,604 –> 00:13:39,553
          [kevin_martini]: the events that caused it are not
          present today sure the housing crisis caused the

          128
          00:13:39,633 –> 00:13:45,523
          [kevin_martini]: great recession however the great recession did
          not cause the housing crisis let me be

          129
          00:13:46,004 –> 00:13:56,492
          [kevin_martini]: crystal clear recession does not housing crisis
          today i am reminded by a quote from

          130
          00:13:56,852 –> 00:14:04,850
          [kevin_martini]: warren buffet be fearful when others are
          greedy and greedy when others are fearful i

          131
          00:14:04,890 –> 00:14:10,199
          [kevin_martini]: would like to add get educated and
          make an educated decision and was right for

          132
          00:14:10,339 –> 00:14:16,289
          [kevin_martini]: you and your family based on the
          facts not based on the headline or what

          133
          00:14:16,369 –> 00:14:22,623
          [kevin_martini]: you heard the backyard barbecue there is
          never a substitute for education and armed with

          134
          00:14:22,704 –> 00:14:29,862
          [kevin_martini]: a proper knowledge you can find right
          now it is time to be greedy because

          135
          00:14:29,963 –> 00:14:39,130
          [kevin_martini]: i have confirmation more millionaires are made
          when people are fearful inclosing home ownership is

          136
          00:14:39,311 –> 00:14:43,874
          [kevin_martini]: not right for everyone and the only
          way you can truly know if home ownership

          137
          00:14:43,954 –> 00:14:49,042
          [kevin_martini]: is right for you and your family
          is by searching for is not by searching

          138
          00:14:49,102 –> 00:14:55,070
          [kevin_martini]: for homes on line or by driving
          all over town to visit but houses the

          139
          00:14:55,230 –> 00:15:00,952
          [kevin_martini]: first step is always a home loan
          and then once you have clarity of the

          140
          00:15:01,032 –> 00:15:06,758
          [kevin_martini]: cost and the certainty that you can
          secure the proper financing for yourself and your

          141
          00:15:06,819 –> 00:15:12,174
          [kevin_martini]: family then you can make an educated
          decision if home ownership is right for you

          142
          00:15:12,756 –> 00:15:20,539
          [kevin_martini]: and your family if not it’s totally
          fine but you’re making a decision based on

          143
          00:15:20,719 –> 00:15:25,914
          [kevin_martini]: education not got but if it’s right
          for you then you can go find your

          144
          00:15:25,954 –> 00:15:32,423
          [kevin_martini]: home being lager focused and with certainty
          my name is kevin martini and my fellow

          145
          00:15:32,503 –> 00:15:37,171
          [kevin_martini]: morgan strategist is logan martini and we
          are here to help you if you have

          146
          00:15:37,251 –> 00:15:41,739
          [kevin_martini]: questions about what was in this episode
          episode one sixty one of the martini morte

          147
          00:15:41,799 –> 00:15:48,049
          [kevin_martini]: podcast no we are here our number
          is nine one nine two three eight forty

          148
          00:15:48,130 –> 00:15:55,314
          [kevin_martini]: nine thirty four we both look forward
          to help oh by the way our website

          149
          00:15:55,374 –> 00:16:02,366
          [kevin_martini]: has fresh and real information about securing
          the proper mortgage strategy along with relevant information

          150
          00:16:02,687 –> 00:16:09,994
          [kevin_martini]: on what one needs to know if
          they thinking of buying or need additional resources

          151
          00:16:10,676 –> 00:16:19,500
          [kevin_martini]: check it out by going to w
          w w martini mortgage group dot com thank

          152
          00:16:19,520 –> 00:16:24,213
          [kevin_martini]: you for tuning into this new monthly
          series called what the heck is going on

          153
          00:16:24,273 –> 00:16:29,904
          [kevin_martini]: in october twenty twenty two and thank
          you for sharing this episode with someone you

          154
          00:16:29,965 –> 00:16:33,941
          [kevin_martini]: care about peace and blessings

          Filed Under: 1-1 Seller-Paid Buydown, 2-1 Seller-Paid Buydown, 3-2-1 Seller Paid Buydown, Appreciation, Buy a Home, Buydowns, Deprecation, Fannie Mae, Fed Funds Rate, Federal Reserve, Home Loan Rates, Home Loans, Home Price Expectation Survey, Home Values, Housing, Housing Market, Inflation, Kevin Martini, Logan Martini, Martini Mortgage Podcast, Mortgage, Mortgage Podcast, Mortgage Rates, Raleigh, Real Estate, Real Estate Podcast, Recession, Wake County Tagged With: Buying a Home in North Carolina, Buying a Home in Raleigh, Kevin Martini, Logan Martini, Martini Mortgage Group, Martini Mortgage Podcast, Mortgage Podcast, Mortgage Tips, Raleigh, Raleigh Mortgage Broker, Raleigh Mortgage Lender, Real Estate, Real Estate Markets, Real Estate Podcast

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