The Everest Equity Company, Inc.

✨ As the candles glow, may your home be filled with happiness, light, and the joy of shared moments.

Sending heartfelt greetings for a radiant and joyous Chanukah! 🕎🕯

What’s your perfect investment strategy? 💸 🏢

For people who dream about breaking into commercial real estate, the strategic side of the deal can be intimidating. 

Some investors stick with stabler property types (think: residential housing), while others prefer the higher end of the risk profile (think: hotels and offices). 

No matter where you fall on the spectrum, an ideal investment strategy should always point to the same results: meet your individual financial goals, grow your wealth over time, and never make you lose too much sleep! 

Over the past two decades, our team has helped close thousands of deals in the multifamily space. If you’re an investor just starting out or trying to grow your real estate portfolio, an Everest commercial loan officer can help talk you through some strategic options. 

We care about the level of involvement you’re expecting to put into a project, as well as the kind of risk profile you’re comfortable with. 🙂

Today, we’re taking a look at the popular value-add or BRRRR strategy. 

Have you heard of this one? You may even use it yourself. 

Let us know in the comments! 💬

Here’s a question we’re hearing a lot lately: 

Should I buy now, or wait until 2024? 🤔 🏡

Higher interest rates, higher home prices, and other economic factors have many would-be homebuyers sitting on the sidelines. But if you’re serious about wanting to move or buy, waiting until next year may prove disadvantageous.

In fact, there are some very compelling reasons why making your purchase sooner could actually be the BETTER choice. However, as always, the golden rules are: Do your homework and consult with industry experts.

Since it’s impossible to time the market, our Everest mortgage professionals prefer a personalized approach to determining the best moment to buy.

Reach out to our team for some constructive guidance. We’ll give you an honest rundown of all the pros and cons of sealing the deal today!

And while you’re here, check out our list of the best reasons to buy in 2023. 

We bet #3 will surprise you! ⛰️

Great news for commercial investors! 🏫

With the 2023 back-to-school season in full swing, recent headlines point to promising opportunities in cities and towns near colleges. 

From Forbes: “No room at the dorm…as college begins, some students are scrambling for housing.” 

The combination of high rents and even higher housing demand has made it difficult for students to find off-campus apartments. States like New York and Pennsylvania also have a greater concentration of students in general, making the situation even more dire. 

Universities may be worried, but real estate investors are pleased! 😊

With post-pandemic enrollment on the rise, now is the perfect time to turn your investment dreams into reality! Reach out to your friends at Everest Equity for the full insider scoop on the student housing sector, commercial real estate financing, and beyond. 

From single-family residences to multifamily apartments, your college cash cow awaits! ⛰️

A little encouragement for Everest borrowers out there! 🏘️

When you’re house-hunting in a competitive market, it’s easy to stress over the mortgage contingency. You may worry that an all-cash buyer is going to swoop in and steal the listing. 

Sure, that happens sometimes. 😑

But by using a little strategy, you can still win the battle! When going up against the almighty dollar, you just have to be savvy. 

Check out our quickstart guide to beating all-cash offers in a hot market. 

What have you done to sweeten the deal? Let us know in the comments! ⛰️

Looking to expand your multifamily portfolio? 🏢

As a New York-based investor, you may find yourself sticking to the same “tried and true” neighborhoods.

But as housing in Manhattan and Brooklyn continues to boom, more and more renters are looking outside the city for more affordable (and available!) housing.

In particular, commuter towns in the states of New York and New Jersey house some of the most profitable multifamily properties in the nation. And there’s room to grow! 💸

See Rentberry’s latest list of the most “rentable” places to live outside of NYC. Your friends at Everest have the full scoop, so be sure to reach out for more investor news.

Remember—if renters are loving it, so are we.

Location, location, location! 🌍

Is the housing market at a stalemate? 🏘️ 

Not at all! 🙂

Sure, some sellers may be trying to hold on to their low mortgage rates, and some wishful buyers may still be thinking they can wait for prices to go down. But despite some challenges, today’s market is alive and kicking! ☀️

Whichever side of the situation you’re on, it’s important to recognize the many myths and misconceptions about the state of the market in 2023. 

Don’t let media buzz negatively impact your housing journey! 
 
Everest is here to squash the rumors with a little help from our friends at Realtor.com. 

Do any of these truths surprise you? Read on to find out! 🏔️

Are you a landlord or dream of becoming one? 🏘️

Your friends at Everest have rounded up a handful of the most intriguing (and enticing!) landlord statistics sure to get you excited about the job. 

Owning rental properties is not only a great source of passive income. It also helps diversify your investments and offers excellent appreciation potential (among other benefits). 

Check out these fascinating facts! 

And when you’re ready to take the plunge…

You know who to call! 🏔️ 😉

Ever think about tapping into your home equity? 🏠 💸

For people who are currently locked into a rock-bottom Covid mortgage rate, the decision might be difficult. Give up that amazing rate? Never! 

(We know it’s a scary thought!)

But for people who find themselves sitting on a small fortune in equity from the astounding increase in home values the past few years, why not tap into this mound of cash to make car payments, pay off high-interest credit cards, cover wedding expenses, build a home addition, or remodel your kitchen and bathrooms? A cash-out refinance might be the smartest way to harvest a huge chunk of money. 

Sometimes borrowers will take on a higher mortgage rate than before because it’s more responsible than juggling other debt with high or floating rates. It all depends on the specific situation. 

The important lesson is…

You don’t have to be a prisoner of your pandemic mortgage! 🙂

The same goes for people who outgrow their starter home or have to move for a new job. Even if your new rate is higher than the rates we enjoyed during Covid, rest assured that you can always refinance down the road. Most of the time, there are no prepayment penalties on residential mortgages.

And remember—historically speaking, rates aren’t that high now at all! 

Bring us your dream and we’ll show you the smartest way to achieve it. ⛰️

Calling all commercial property owners! 📢 🏢

Some quick words of encouragement. 

In times of economic downturn, you probably worry about the state of your investments. That’s completely normal! No matter what is happening in the world, we want to remind you that, as history shows, your properties are probably safe, secure, and primed for a prosperous future. 

When market conditions turn turbulent, just remember to stay the course.

There are a few proactive moves you can make to enhance the profitability of your investments. Let Everest show you the way! 

And if you’re ready for another project, reach out to our commercial division soon. We’ll get you up to speed on all that’s happening! 😉

Great news on the national home front! 🏠

If you’re a potential buyer, we just came across a hopeful headline.

U.S. home prices are cooling! ❄️

Sources report that the median existing-home price for all housing types nationwide was $388,800 in April—down 1.7% from last year. That’s the biggest drop since January 2012!

But, of course, regional markets vary greatly across the United States. In the Northeast, for instance, competition remains fierce. Even if the numbers are on your side, the hunt for fresh listings rages on!

Be sure to touch base with your loan officer to talk further details. If you want to stand out in a bidding war, have your preapproval letter in hand! 📃

And since house hunting is like a full-time job, your friends at Everest have a few tips below. 

Happy shopping! 😀

Commercial investors! 📢

Have you considered expanding your portfolio outside the city? 

Many multifamily moguls keep their buildings within the confines of whatever urban market they target. But recent rental housing challenges have motivated savvy investors to check out the suburbs. 

For example, take New York City. 🗽🍎 🏢

Real estate experts say The Big Apple’s lack of affordable housing (or any kind of housing, for that matter) won’t be solved from the mayor’s office. In fact, the answer won’t even be found within the five boroughs!

Do a little research, and you’ll see dozens of headlines echoing the following sentiment: 

The suburbs will play a key role in fixing the city’s housing crisis.

In the last decade, areas that saw little to no rental activity are now considered some of the most sought-after income-generating locales in the nation! 

Everest clients have landed some amazing deals over the past year. We’ve helped finance investment opportunities in and around New York City and beyond.

Never thought you could survive in the suburbs? Think again!

We know you can! 😉 ⛰️

The 2023 spring real estate season is underway! 💐 

Isn’t it great seeing all those signs go up? 🏡

And since the best part of spring is getting outside and enjoying the sunshine, we want our friends to share some beautiful sights of the season!

Post a picture of what spring means to you in the comments below. 

Whoever posts our favorite image will win a $100 Home Depot e-gift card! It’s the perfect way to help get your yard back into shape and ready for summer. 
 
How to Enter:
 
☀️ Get outside and enjoy the season.
🌳 Snap a pic and post below. 
🌷Only one entry per person! 🗳️
🌅 Everest employees can’t play. 😔
🕛 Make sure you post by June 21 at 9:00 am
 
Can’t wait for some spring inspiration! 
 

Do asset classes make your head spin? 🫤

Commercial real estate lingo is intimidating at first, but investors soon realize it’s actually pretty simple!

Let’s tackle the most obvious kind of classification. When pursuing a commercial investment opportunity, your first consideration is property type. 

Will you invest in…

🏘️ Multifamily housing? 
🏭 Industrial buildings? 
🏨 Hotels and hospitality?
🛒 A retail establishment?

There are countless types, and each comes with its own set of unique advantages, disadvantages, and strategies for successful return. Your commercial loan officer can walk you through everything! 

For today’s lesson, let’s explore one key area popular among Everest clients: multifamily residences. 🏢

Check out our image gallery below for the rundown on Class A, Class B, and Class C buildings. What’s the difference—and which is right for your investment goals? 

Read on to see! ⛰️

We have a win-win for mortgage professionals! 🗞️🏡

A recent headline from National Mortgage News reads: 

“Home price growth slows, but demand remains strong.” 

Despite economic uncertainty, hopeful homebuyers are still coming out in droves as the spring real estate season officially kicks off. 

Realtors, loan officers, and other industry insiders will be keeping busy over the next few months. But there’s another group of people finding comfort in the news these days. 

Homebuyers will be happy to hear that annual home price growth is increasing at its slowest pace in 3+ years! This deceleration could mean some serious savings in your future. 

And no matter the market situation, team Everest is always standing by with the very best financing solutions. If you’re feeling the itch, the time to buy is now! 

Reach out to our trusted team to talk about all things housing this spring. We’re looking forward to sharing more good news soon! 🙂

Wish you could afford to remodel? 🏡 ⚒️

Whether you’re looking to buy a fixer-upper, upgrade an existing space, or stake your claim in the commercial sector, a home renovation loan may be the answer!

There are many ways to make this financing happen, whether it’s part of a purchase mortgage, a refinance with cash payout, or home equity loan. Team Everest assesses your situation from all sides before suggesting the smartest, most affordable option to support your renovation dreams (and ROI)!

Sit down with one of our experienced loan officers to talk numbers. And in the meantime, consult with this handy home remodel timeline inspired by our friends at Realtor.com. 

If you have hopes of renovating any of these rooms or structures, here’s what you’re in for! And remember—there’s always room for improvement. 

Have fun! 🚧

WANTED: Motivated Mortgage Professionals! ⭐

Everest Equity is searching for experienced licensed loan officers to join our growing team. If you’re looking for a new home base, this could be a perfect fit.

And by home base, we mean workplace—but if you need a house, we can do that too! 😀 

We are a fun, dynamic team of professionals with a reputation for exceeding clients’ expectations, upholding the highest industry standards, and flourishing through every market economy for 20+ years.

Climb with us and discover all the advantages of a career with Everest:  

⛰️ Supportive environment where you can grow and thrive.
⛰️ Competitive compensation, benefits, and incentives. 
⛰️ Knowledgeable team committed to education and collaboration. 
⛰️ Vibrant office culture with all the best perks and comforts.  
⛰️ A credible, reputable brokerage that’s with you to retirement. 

If you have licensed credentials, past mortgage experience, a passion for people, and a hustling heart, let’s talk terms! 🙂

“Renting is trending!” 🔥

This line couldn’t be truer as we head into the second quarter of 2023. 

A recent report from Multifamily Insiders explores some of the latest renting stats, as well as the top resident experiences trending this year. 

When it comes to multifamily amenities, here are some of the buzzwords we’re seeing: 

🔵 “Convenience.” Managed deliveries, package rooms, smart technologies. 
🔵 “Flexibility.” Unique floor plans, work-from-home spaces, creative leasing. 
🔵 “Wellness.” Onsite fitness centers, juice bars, virtual healthcare clinics. 
🔵 “Sustainability.” Energy-efficient appliances, community gardens, recycling.
🔵 “AI.” Virtual leasing assistants, tenant management, trash monitoring. 

The future of multifamily housing is really exciting!

Now, on to the numbers. How is the multifamily sector faring in this crazy market? The data from Pew Research Center is in. 

See the good news below! 😀

Do you know about USDA loans? 🏠

Being able to purchase a home with no money down and at the lowest interest rate possible—well, that’s a buyer’s dream scenario! And it’s exactly what a USDA loan offers low to moderate income borrowers.

Guaranteed by the U.S. Department of Agriculture, USDA loans are designed for rural and suburban homebuyers in the low-to-moderate income range. These mortgage holders also save by not having to pay private mortgage insurance (PMI). 

Sounds amazing—but it’s not exactly simple. 

In order to qualify for a USDA loan (through a partner lender), borrowers must meet a number of eligibility requirements. For instance, income limits vary by household size and where the home is located. The property must be an owner-occupied primary residence in an approved area, among other stipulations. Borrowers are also subject to a small annual fee. 

To find out if you (and the property you’re interested in) qualify, it’s best to work with an experienced loan officer to walk you through the process. ⛰️

They may seem complicated at first, but USDA loans are a fabulous financing tool! Let us tell you more in the pictures below. 

Did you know? 🤯

A 2022 PrimeLending poll put Americans in the hot seat, asking them…

Do you know what a mortgage is?

Shockingly, over half of respondents did not know the definition of the term! Only 49% of people chose the correct answer, despite many of them being homeowners and others looking to buy in the next 3 to 5 years.

In addition, 18% of respondents had no idea how much a down payment should be.

So, why does it matter?

Even when people think they are knowledgeable about the housing market, many basic aspects of the industry are still a complex mystery. It’s not about shaming homebuyers but advocating for their best interests knowing mortgages can be downright stupefying.

Let Everest lead the way! ⛰️

Oh, and not so fast—we’re not letting you off the hook!

What’s the true definition of a ‘mortgage’?

Let us know in the comments which of these definitions is the correct answer (No cheating!) 💡

1. A legal agreement between you and a money lender that allows them to take your property if you can’t repay your loan.

2. A federal grant program enabling borrowers to purchase a home if they agree to pay a certain amount of interest.

3. A line of credit extended to eligible borrowers, which helps them finance the purchase of a home at a fixed cost with interest.

Positive news for our commercial investors. 💸 🤗

A recent headline from Globe St. reads, “Little Distress Likely for Multifamily as 2023 Continues.” While buyers and sellers have been cautious the last few months, a sluggish period doesn’t necessarily mean your investment is in trouble (or that you shouldn’t invest!).

In fact, multifamily buildings are thriving all across the U.S. with strong demand and a host of new, exciting trends emerging. If you’re looking to take advantage of lucrative opportunities in today’s market, Everest has the best tips to give you that competitive edge.

See what’s popular for multifamilies in 2023! 🏢

How many of these trends have you taken on?

Did you catch us at the 2023 Homeowner’s Show? 🏘️

What a fantastic day!

A few of our finest were in attendance repping Everest Equity. Local vendors got together to show their products, swap stories, and discuss all things ‘home.’

As the only mortgage company, our team had an awesome time sharing their expertise and educating the public about the breadth of loan products available today. We met new homebuyers, home improvement hopefuls, real estate investors, and more!

Great connections were formed—and warm memories were made! 💙

Relive the show in our photo gallery below. And if you were one of the people we met, let’s talk soon!

See you all next year! 🏠 🤝

Calling all licensed loan officers and mortgage professionals! 👋

We’re still hiring for our residential and commercial divisions.

Why join Everest Equity? ⛰️

We could talk about our supportive leadership, amazing growth opportunities, or even our beautiful new office space! But today, we’re promoting work-life balance.

As a mortgage company, we appreciate your hard work and commitment. But we’re also family people! We want our team members to have time to relax, recharge, and spend quality time with loved ones on a regular basis.

Maintaining an equilibrium between work and home is one of our top priorities and a key reason we are so productive as a company.

If this is something you’re missing in your current career, we’d love to have you.

Reach out if you’re ready for a change! 📲

Winter home improvement projects are in full swing! ⚒️ ❄️

If you’ve been thinking of embarking on a big renovation, our team deals in all kinds of construction loans. All you have to do is bring us your vision and dream, and we’ll help make it happen!

Wouldn’t a swimming pool be nice for next summer? How about that finished basement you’re always talking about? Or a new, modern kitchen?

Remodeling projects are an excellent way to add value to your property while greatly enhancing your quality of life. But keep in mind—they also take time.

Everest loves a good renovation! These projects are so fun (and oftentimes easy) to fund. It all starts with a simple conversation—so reach out to us soon!

While you work out a budget, check out our top tips for increasing square footage without an addition. These remodels are some of our favorites! 🏠

A borrower once told us…

“It was like working with family.” 💙

What a pleasure to hear!

At Everest, every borrower is treated like a brother or sister. Even when the market is shaky, we do everything in our power to steer clients in the right direction and secure the absolute best products—just like we would for family.

In a recent review, a repeat client mentioned, “This latest mortgage was so phenomenal. The rate could not be beat. We checked!”

We care deeply about our people—and also the accuracy of our numbers.

Our loan officers work tirelessly to strategize with hopeful buyers and ensure they qualify for (and lock in) the lowest rates possible. Keeping our finger on the pulse of the mortgage market is just one way we help fulfill your dream. 🏠

If you’re gearing up for a big purchase soon, check out our top tips for getting a fabulous deal in any market. 💸

The Everest team is expanding. Welcome Fraidy to our Miami team!

A little update for our investors! 📢

Over the years, commercial real estate has grown to become a highly profitable—and popular—sector for Everest borrowers.

Our team knows the market through and through, and their expertise is what keeps many of our commercial clients coming back for more. But today, we want to extend a helpful hello to anyone considering this exciting prospect! 🏢

Maybe you’ve always dreamed of becoming a landlord, getting into multifamily investment, starting a warehousing business, or flipping houses. With everything going on in the housing market, perhaps you’ve put your plans on hold.

Everest is here to assure you:

GREAT deals are still going down! 🔥 💸

If you’re a first-time commercial real estate investor and need someone to show you the ropes, let’s connect! We’d love to talk you through the various options available, what’s trending, and how you can break into this rewarding market.

Let your dreams take flight—and check out Everest Equity’s Top 5 Tips for first timers!

Hello Lakewood! We got someone special for you. Welcome Rifki Steinmetz to the Everest team. As a seasoned and trustworthy loan officer, Rifki can help you secure the smartest mortgage option.