In this week’s podcast John and Bryan answer looming the question, ‘Should we expect another Housing Bubble in our future?’
By comparing the difference between lending pre-2008 vs. lending now, the gentlemen determine that we are not entering a housing bubble.
Today, we are verifying the ability to repay when lending, homes have equity and there is lesser builder speculation. In the current market, housing is like toilet paper was a year ago – most builders aren’t building enough homes.
The men go on to discuss that that home affordability is at all-time lows, even with increasing home prices.
They ask the question, “What would home appreciation look like if we didn’t have appraiser independence?” And discuss why home appreciation is decreasing the amount of FHA buyers in the market.
Bryan and John share their strategy on why homebuyers should borrow as much as the bank will allow when they are financing a home and why the next 5 to 6 years should be some of the best years Real Estate and Mortgage Lenders could see.
Your co-hosts are Bryan Lovell, National Director of Business Growth at VanDyk Mortgage, and John Jones, Florida Regional Manager at VanDyk Mortgage. Bringing you the latest insights into the home industry! This Podcast is for Brokers, Lender, Realtors, Clients, and those who want to create homebuying success.
Check us out on social media:
• Facebook: www.facebook.com/Contacts2Contracts
• Website: ctcpodcast.co
Bryan Lovell:
• Personal Facebook: www.facebook.com/bryan.lovell.56
• Linkedin: www.linkedin.com/in/bryanlovellteam
John Jones:
• Personal Facebook: www.facebook.com/johnjonescb
• Linkedin: www.linkedin.com/in/johnjonesvandykmortgage/
Disclaimer:
This podcast is sponsored by VanDyk Mortgage Corporation NMLS# 3035 | nmlsconsumeraccess.org | Equal Housing Lender | VanDykMortgage.com | 2449 Camelot Ct. SE, Grand Rapids, MI 49546 | 888-482-6395
