Mortgage Blog

RE activity went up since May

May 24th, 2023 11:17 AM by Eric Fang

Recently, there has been a significant increase in the volume of loans I've been handling. Despite the seemingly modest nature of this growth, it's a cause for satisfaction considering the sluggishness of the business and the high interest rates. I am genuinely pleased with the progress of my business.

At present, I have seven loans in my pipeline, and if you're interested, we can discuss pre-approval for a purchase loan. Here is a list of the properties involved:

  1. Purchase of a second home in Miami, FL.
  2. Purchase of a primary residence in Austin, Texas. The remote engineers will be working from home, while their employer is located in the bay area.
  3. Acquisition of a second home in San Diego, CA.
  4. Purchase of a primary residence in Davis, CA.
  5. Refinancing for a rental property in the bay area. The interest rate has increased from 3.x% to 7.5% for an adjustable-rate mortgage (ARM).
  6. Purchase of a rental property in Folsom, CA.
  7. Purchase of a primary residence (condo) in Seattle, WA.

The offer prices for these properties vary, and in some cases, the purchase price exceeds the asking price. If you're interested in discussing the real estate market in California, Washington, Oregon, Texas, Florida, Arizona, or any other related inquiries, please feel free to contact me via email or phone 650-483-9278.

Posted by Eric Fang on May 24th, 2023 11:17 AM



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