Reine Ray NMLS 215973

🏡 Statewide active listings climbed by 40.8% compared to last June, increasing our inventory from 3.1 months in 2023 to 4.6 months this year!

📈 View more market details: https://bit.ly/3hj2pTd

Real estate agents — we have access to many options to help your first-time homebuyers save. Let's partner up. Call today!

Did you know that media reports often cite mortgage rates that are more than a week old?! If you're wondering how rates look today, reach out. I can give you up-to-the-minute answers.

Interest rates for home loans are improving today. We can put buyers in a "cash buyer" position with lending options. Send me a DM and lets look at options

Were You Affected by the Recent storms? Apply today for assistance through the Texas REALTORS® Disaster Relief Fund!

https://apps.texasrealestate.com/modules/legal/emergencyRelief/DisasterReliefApplication/?disasterid=34

Realtor and Builder Question🚨
Let’s say there is a new Cardinal Financial- Colleyville, TX loan program that is 100% financing on an FHA LOAN (easier qualifications than conventional) with NO income limitations, no area of town limitations, qualifying credit scores down to a 600, loan amounts all the way to just short of 500k, new build or existing stick built, yes to manufactured as well, no first time buyer requirement, AND has traditional FHA pricing (not increased like DPAs).
Who would be interested in hearing more about it for their borrowers?
We got you. And yes, it’s as great as it sounds.
Drop us a 🙋🏼‍♂️🙋🏼‍♀️ and we’d love to tell you all about it!

What's my interest rate? Only a licensed mortgage professional can have an informed conversation to assist in picking the right loan program, down payment, cash to close.

Loan level pricing adjustments are here to stay. We have tools to help you choose your interest rate.

Thank goodness our industry has evolved away from manual calculations.



Choose a licensed professional who guides and informs.

This looks fun... Ready to kick off the wonderful season

The Lord speaks of peace to his people.
I will hear what God proclaims;
the LORD–for he proclaims peace
To his people, and to his faithful ones,
and to those who put in him their hope.
R. The Lord speaks of peace to his people.
Kindness and truth shall meet;
justice and peace shall kiss.
Truth shall spring out of the earth,
and justice shall look down from heaven.
R. The Lord speaks of peace to his people.
The LORD himself will give his benefits;
our land shall yield its increase.
Justice shall walk before him,
and salvation, along the way of his steps.
R. The Lord speaks of peace to his people.
Alleluia

Ps 85:9, 11-12, 13-14

What makes you cheerful? And go

Banana splits for breakfast..I love this quick & easy recipe and it’s a treat for Beginners.... Must express something to keep getting my recipes.... Thank youRecipe in (c.o.m.m.e.n.t).

It's time to tackle your ! 🌱 Our checklist outlines the seasonal repairs and improvements you should follow to better protect your home and prevent costly problems. https://bit.ly/3JWvRyU

Should You Buy a House With Bad Credit? Your credit score can affect your mortgage—here's what to know.

CONGRATULATIONS! Reine Ray
You are officially a CMA Certified Mortgage Advisor™!

Have you been wondering if you can buy a house? Here are some tips to help to find your financing
1) Determine how much house you can afford.
• Your income and debt are the two most important factors when deciding how much house you can afford.
• Take into consideration your monthly and yearly expenses associated with a house like utilities, taxes and insurance.
• Contact me for our extensive list of loan programs that may fit your current situation.
• Take a look at the loan process. I can walk you through it.

2) Save for a down payment and/or closing costs.
• Decide if you want to make a down payment or not
• Third party closing costs such as appraisal, survey (if necessary), title company fees
• Moving expenses – everything from paying movers
to new appliances

3) Get a pre-qualification/pre-approval letter.
• Call me. Let’s discuss a path to home ownership.
• You can apply online so we can get a pre-qualification letter. This letter will put you in the drivers seat on the road to home ownership. You are telling the seller they can take their house off the market to sell it to you.
• A pre-qualification letter will give you approval for the amount you need to purchase a home in your price range. I can provide the details of the difference between pre-qualification and pre-approval.

Lagging Fort Worth home prices rebounded in December Although the holiday season isn’t usually a busy time for home-buying, the median sales price of a home in Fort Worth reversed the decline of previous months

A DSCR loan is the perfect solution for the real estate investor!

This is a great option for borrowers who may not qualify for a traditional loan, and it offers the opportunity to expand their portfolios.

PROGRAM HIGHLIGHTS
* FICO 660
* Loan amounts up to $2.5 million
* Eligible for Non-Permanent Residents and Foreign Nationals
* No income or employment verification

Existing Home Sales, which measures closings on existing homes, showed that sales were down 1.5%% in December at a 4.02M annualized pace, which was better than expectations looking for a 3.4% decline. On a year over year basis, sales are down 34%.

Inventory continues to move lower after peaking at 1.3M in August, as it does every time this year after the normal seasonal build, and declined for the fifth straight month to 970k. This is a decline of 13.4% from the previous report. This will continue to limit the downside in home prices and sets up for a reacceleration in appreciation once hibernating buyers come back when rates fall further.

There is a 2.9 Months’ supply of homes, which is tight, because 4.6 months is considered normal. But if you look at active listings, there are only 690,000, which means that 29% of the “inventory” in the Existing Home Sales report is under contract and not truly available. This speaks to demand, as a normal market has 25% of inventory under contract. When looking at the month’s supply of available homes for sale, it’s really 2 months.

The median sales price of $366,900 is down 1% on the month but up 2.3% year over year.

Homes remained on the market on average for 26 days, up from 24 days, but they are still moving fast. 57% of homes were on the market for less than 30 days.

First Time Home Buyers have accounted for 31% of sales, which was up from the previous report of 28%. Cash buyers accounted for 28% of sales, which was up from 26%.

I’m so grateful that we’re signing off with Living BIG. It’s a topic near and dear to my heart.

Thank you to my sisters, to the best damn podcast team in the world, and to all of you. You can continue to find all of our podcasts on Spotify.

Stay awkward, brave, and kind. ❤️

https://bit.ly/3CJW1kz

Peace be with you.

I flew to Albuquerque to spend the day with Father Richard Rohr. We laughed, I cried a little, we laughed some more, and I told him why his work pi**es me off sometimes. He thoroughly delighted in that last part.

We talked about my favorite quotes from two of his books that have been an important part of my recovery: “Breathing Under Water: Spirituality and the Twelve Steps” and “Falling Upward: A Spirituality for the Two Halves of Life.”

This quote from “Breathing Under Water” is so simple yet so hard: “All mature spirituality, in one sense or another, is about letting go and unlearning.”

I also love what he writes about religion: “When religion does not move people to the mystical or non-dual level of consciousness it is more a part of the problem than any solution whatsoever. It solidifies angers, creates enemies, and is almost always exclusionary of the most recent definition of ‘sinner.’ At this level, it is largely incapable of its supreme tasks of healing, reconciling, forgiving, and peacemaking. When religion does not give people an inner life or a real prayer life, it is missing its primary vocation.”

I’m grateful to share this with you. I’m grateful for my time with Father Richard and the loving staff of the Center for Action and Contemplation. Listen at the link below.

Peace be with you.

https://bit.ly/3Pp5RgK

We loved having a group from BNSF Railway Labor Relations Department out volunteering recently. We are grateful for our volunteers, especially when they brave the cold to help make our neighborhood of homes a special place for the youth at Christ's Haven to live.