Albuquerque Real Estate Talk 464 - Oct 14 2023

Are you in the market for real estate in Albuquerque? Looking for expert advice and insider tips to navigate the process? Then you don't want to miss this episode of Albuquerque Real Estate Talk! Join hosts Tracy and Tego Venturi as they dive into the world of mortgage loans and renovation projects with special guest Joanna Rushing.

In this episode, you'll discover the truth about mortgage loan officers and why a good loan officer is worth their weight in gold. Joanna shares her experiences renovating homes in poor condition, providing valuable insights on prioritizing safety and health issues during the renovation process. She also unveils the hidden gem of renovation loans, explaining how borrowers can finance repairs and renovations as part of a single loan without requiring existing equity.

The discussion delves into qualifying buyers for home purchases and renovations, exploring the concept of total acquisition cost and how down payments are determined. You'll gain valuable knowledge about finding a licensed contractor, obtaining detailed bids, and understanding the importance of considering the total acquisition cost when determining a down payment.

Tracy, Tego, and Joanna also touch on the current state of the market, the impact of COVID-19, and their predictions for future interest rates. With their expertise and guidance, you'll be well-equipped to make informed decisions and find your dream property in Albuquerque.

Don't miss out on this enlightening and informative episode! Listen now to gain valuable insights and take the next step towards your real estate goals.

To get help with your real estate needs in Albuquerque, call the team at 505-448-8888 or visit their website at https://welcomehomeabq.com. Listen to the podcast as a starting point and reach out to Tracy, Tego, and the team for personalized assistance!