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Fall Buyer’s Guide 2023

Cooler weather and cooler housing activity prove to to hold BIG opportunities for buyers.

Getting Started

Hello! Welcome to a completely different approach to your mortgage experience. If we haven't already, I would love to speak with you and find out if we're a good fit to work together. You're welcome to find a convenient time on my calendar by clicking this link: https://calendly.com/timhumphrey/client-discovery If you're ready to start the online mortgage application you can begin here: https://myhome.neohomeloans.com/dr/c/6wj1g On this site, we have consolidated many educational features along with explanations to complex questions which provide you context along the way. You'll find features about: * What determines interest rates. * Important interview questions for interviewing lenders * Access to your Mortgage Readiness App * Home Buyers Guide * Document Checklists * Overview of Discount points * Market Conditions - "Is housing due for a CRASH?" * What is the TRUE cost of waiting longer * What does my cashflow look like if I Buy vs Rent *Available Loan Types/Solutions If you're in the beginning stages and preparing for homeownership, take advantage of our FREE mortgage readiness app available in the iTunes or GooglePlay Store. Sign up here to download: www.MortgageReadinessApp.com Use this access code for FREE access: HUMPHREY I look forward to helping you set a NEW standard for what to expect from a mortgage professional. Respectfully, Tim Humphrey Mortgage Advisor | NEO Home Loans NMLS #1982955 P: 425.354.3302 E: Tim.Humphrey@NEOhomeloans.com

What’s my Rate?

There's more to mortgage rates than meets the eye. But the rate may not be the most important element to consider. I'll tell you why in this video.

Is Housing Crashing? (4 Reasons in 2 minutes)

Original Blog Post: https://timhumphrey.neohomeloans.com/01/26/2023/why-todays-housing-market-is-so-different-from-pre-2008/ Here’s why today’s housing market is NOTHING like 15 years ago. There’s a lot of news chatter about a pending housing crash or bubble but the landscape today in the housing market looks completely different. First, let’s start with jobs. There were 8 million job cuts in the years leading up to the housing crash – and there have been virtually none recently. The jobs market has been very steady and today there are 20 million more jobs than there were 15 years ago. Second, a big reason the housing market crashed in 2008 is because of the huge amounts of subprime loans – mortgages that were given to extremely unqualified borrowers. Mortgage underwriting standards are so strict now that these types of loans are virtually nonexistent. Third, housing inventory – in the 5 years leading up to 2008, U.S. builders built 7.65 million new homes. And they learned from that mistake because in the last 5 years they have only built 4.6 million homes, which is why today we only have 1 to 1.2 million homes on the market – almost half of what there was leading up to 2008. Finally, there are the foreclosures. Foreclosures have gone up since mortgage forbearance ended, but the foreclosure rate is still only at .6% - it was almost 8 times that amount in the years leading up to the 2008 crash. Home prices have cooled off due to mortgage rates increasing, but the rest of the characteristics of the housing market don’t look anything like 15 years ago.

Why Buyers HAVE to pay Discount Points right now. [Q1 2023]

Are we in for a CRASH?

Are we in for another housing crash? Here are 5 tell tale factors that shine a light forward on the path ahead.

Considering Buying in 2023?

2023 might be one of the best markets for buyers in the last 5 years

Considering Selling in 2023?

There are a number of things to consider as you prepare to list your house in today's market.

2023 Housing Forcast

- Open Link here - https://timhumphrey.neohomeloans.com/01/06/2023/2023-housing-forecast/

Pierce County – Real Estate Report Card

This details our the health of the local market with the Real Estate Report Card. The badges at the top of the report show you where the market’s different metrics rank vs the rest of the country. This will allow you to sell the strengths of that market. Our new Real Estate Report Card includes even more accurate forecasts and data for more than triple the amount of markets. Included is the Affordability Index, Median Home Price, Historical Appreciation, Forecasted Appreciation, Total Employment, Median Household Income, and the Unemployment Rate. These metrics will allow you to demonstrate and quantify the opportunity in home ownership.

Snohomish County – Real Estate Report Card

This details our the health of the local market with the Real Estate Report Card. The badges at the top of the report show you where the market’s different metrics rank vs the rest of the country. This will allow you to sell the strengths of that market. Our new Real Estate Report Card includes even more accurate forecasts and data for more than triple the amount of markets. Included is the Affordability Index, Median Home Price, Historical Appreciation, Forecasted Appreciation, Total Employment, Median Household Income, and the Unemployment Rate. These metrics will allow you to demonstrate and quantify the opportunity in home ownership.

King County – Real Estate Report Card

This details our the health of the local market with the Real Estate Report Card. The badges at the top of the report show you where the market’s different metrics rank vs the rest of the country. This will allow you to sell the strengths of that market. Our new Real Estate Report Card includes even more accurate forecasts and data for more than triple the amount of markets. Included is the Affordability Index, Median Home Price, Historical Appreciation, Forecasted Appreciation, Total Employment, Median Household Income, and the Unemployment Rate. These metrics will allow you to demonstrate and quantify the opportunity in home ownership.

Don’t offer a price reduction until you consider THIS Strategy!

Price reductions and listing cancellations are now the trend and negative headlines dominate public information. But there IS a solution that can work for both buyers and sellers and it's hidden in the structure of home financing. This IS the solution for price reductions and listing cancellations.

Reviews

"N/A....,....."

carmen a

"Tim and the team were wonderful to work with! They made the process very clear with financial analysis, market information, and our best options. It was a very fast and seamless experience and we ended up getting our favorite house! Thanks team NEO! - Randy & Yayan"

randy g

"Thank you for the entire support through this purchase. The website and videos provided great insight into all of the details that we needed to know about the loan."

juan manuel r