Aaron Lease- Skyline Properties

11/30/2023

Whether you're riding some equity or wanting more space I can help answer your questions about today's market.

11/01/2023

Did you know Wrap Mortgages have advantages to Buyers and Sellers? 40% of recent closings through Ticor Title and Escrow have been Wrap Mortgages and Assumable Loans.
They work as follows:

1. For buyers:
- Financing options: Wrap mortgages can be an alternative financing option for buyers who may not qualify for traditional bank loans or prefer more flexible terms. It allows them to purchase a property without going through a conventional lender.
- Lower down payment: Buyers may benefit from a wrap mortgage by offering a lower down payment compared to a traditional mortgage. This can help make the purchase more affordable.
Secondary financing is available when needed. I have resources to get Buyers the financing they need to make a purchase.

2. For sellers:
- Increased marketability: By offering a wrap mortgage, sellers can attract a larger pool of potential buyers who may have difficulty obtaining traditional financing. This can make their property more marketable and increase the chances of a sale. Most cases it allows Sellers a stronger position in valuing their property.
- Steady cash flow: Sellers who provide a wrap mortgage can receive regular monthly payments, which can provide a steady income stream. Sellers can obtain a down payment upfront from the Buyer and avoid CAPITAL GAINS tax on the full amount of equity. Buyers report the income received at closing and defer the capital gains until the end of the Wrap Mortgage contract. That's a big advantage for most Sellers. Sellers can offer a higher interest rate than they carry on their existing loan resulting in more cash flow.
Ticor has the closing process for these types of transactions simplified. Please contact me for further details.
There are always slight variances to every contract. Please contact me with any questions.

10/31/2023

10/13/2023

Did you know there are still some advantages dealing with higher rates? Cup is half full.

09/23/2023

Did you know you can potentially save thousands by finding or selling an assumable mortgage?Any FHA or VA loan is assumable. Here are some key points that benefit buyers and sellers. You would assume the balance and rate given for the original loan. This is the link to my website which includes a mortgage calculator at the bottom of the page if you'd like to compare rates.
https://www.skylineproperties.com/aaronlease/

1. Lower Interest Rates: Assumable mortgages often have lower interest rates than current market rates, providing an opportunity for your client to save money on their monthly mortgage payments.

2. Transferable Benefits: Assumable mortgages allow the buyer to take advantage of the remaining term and interest rate of the original loan, potentially saving them thousands of dollars over the life of the mortgage.

3. Avoid Closing Costs: By assuming an existing mortgage, your client can potentially avoid paying origination fees, appraisals, and other closing costs associated with obtaining a new mortgage.

4. Faster Process: Assuming a mortgage can be a quicker process compared to applying for a new loan, as it eliminates the need for extensive paperwork and financial documentation.

5. Sellability: An assumable mortgage can also make the client's home more marketable and attractive to potential buyers in the future, as they can offer the assumption of their low-interest-rate mortgage.

6. Good for Credit: If your client has a less-than-perfect credit history, assuming a mortgage can be a good option as they do not have to go through a rigorous credit check process.

7. Potential Equity: By assuming a mortgage with a low-interest rate, the client will have more disposable income, which they can use to build equity or invest in other ventures.

Contact me for more details. Always happy to advise and discuss options that add benefits to any real estate transaction.

Aaron Lease - Real Estate Broker

07/19/2023

Do you know all the benefits of Multi Family investing? Cash flow, equity and tax benefits are a few. There are a few properties recently listed that I would consider as entry level investments. Message me for more details.

Outside of cash flow, the build-up of equity is where all the value is created and money is made in multifamily real estate.

07/18/2023

Did you realize that buying your rate down can make buying in today's market more affordable? There is a calculator attached if you'd like to see some numbers.

Primelending

07/12/2023

A few steps that can make all the difference in preparing your home to hit the market.

Follow these recommendations of things to do before listing your home to attract stronger offers and get ahead of closing delays.

07/08/2023

I'm very excited to be riding in this event. Supporting cancer research by biking with a great group of riders.
Please consider a donation and a quick read for all the details. Message me with any questions.
Thank you

Pelotonia is a community that is determined to see an end to cancer. Together, we've saved countless lives. Help us save more.

07/06/2023

Do you know the advantages of Wrap mortgages to Seller and Buyer? With current rates this is another option to consider for both parties. Seller gets a tax advantage and more. Buyer gets to negotiate terms that work best for them. Message me with any questions.

Learn about wraps and structure better deals. This post explains wrap-around mortgages, which can be used in large commercial loans and in single family real estate investments.