How to Navigate the Real Estate Market with New American Funding (Video)
In this video, Carmen highlights the latest real estate trends and introduces some useful programs for realtors to use with their clients. Additionally, we will explore the benefits of New American Funding's products, such as the five-year pledge, the one-time free float down, and the NAF Cash program.
Key Points:
Introduction to New American Funding
The Importance of Taking Advantage of Current Market Conditions
The Five-Year Pledge: A Peace of Mind for Homebuyers
The One-Time Free Float Down: Flexibility and Security for Borrowers
NAF Cash Program: Becoming a Cash Buyer in a Competitive Market
New American Funding is a privately owned bank and one of the top private lenders in the nation. Carmen, a representative from New American Funding, has been with the company for six years. Her expertise and experience make her a valuable resource for clients and realtor partners.
With market volatility and increasing interest rates, buyers often consider waiting for rates to drop before making a purchase. However, Carmen advises against this approach. She explains that waiting can result in more competition and difficulty in getting offers accepted. It is better to buy now and marry the home rather than wait for rates to potentially increase.
A Peace of Mind for Homebuyers: New American Funding offers a unique program called the five-year pledge. This program aims to provide peace of mind to buyers by guaranteeing a refinance option if rates go down within the next five years. Homeowners can save on closing costs and fees by taking advantage of this program.
Flexibility and Security for Borrowers: Previously, once a loan was locked in, borrowers were unable to adjust the interest rate. However, New American Funding now offers a one-time free float down option. This allows borrowers to adjust their rate to a lower one if market rates decrease during the escrow period. It provides flexibility and security for borrowers, protecting them from potential rate drops.
Becoming a Cash Buyer in a Competitive Market: New American Funding's NAF Cash program helps buyers become cash buyers, increasing their chances of getting offers accepted in a competitive market. Through this program, New American Funding purchases the home on behalf of the buyer and sells it back to them. This enables buyers to make strong offers and potentially save up to 11% compared to those using a mortgage.
In conclusion, working with New American Funding provides realtors and buyers with a range of innovative programs and products that can give them a competitive edge in today's real estate market. From the five-year pledge to the buy-down program and the cash buyer program, there are options available to help buyers secure their dream homes and navigate market volatility. To learn more about these programs and hear directly from Carmen Meraz, watch the video below.
