The central bank’s Federal Open Market Committee has made its decision. The Federal Reserve is cutting the benchmark federal funds rate by 50 basis points amid progress in the fight against inflation. Inflation slowed to 2.5% in August based on the Labor Department’s consumer price index (CPI). This figure is still above the Fed’s 2%…

A year of expectations that 2024 would herald a major rebound for commercial real estate and at least three rate cuts from the Fed has given way to the cold reality that it’s time to stop making predictions. The double gut-punch of a stubbornly high inflation rate and a strong signal from the Fed that…

A new federal funding opportunity of $225 million will support owners of manufactured homes though an update in Title I of the Fair Housing Act. Manufactured homes are the “largest form of unsubsidized affordable housing in the country” and a type used by more than 22 million Americans. The White House initiative is looking to…

Are you thinking about buying a home that may need some repairs and upgrades? FHA 203K loans can allow potential homeowners to purchase a property and finance renovations or repairs in a single home loan. If you are located in Conyers, Georgia, and interested in buying a home that requires some reconstruction or fixing up,…

If you are interested in investing in a property, but are concerned that you may not be able to meet the standard mortgage eligibility requirements or if you require a loan that exceeds traditional conforming loan limits, you may want to consider a portfolio loan. Portfolio loans provide financing for borrowers who are not  typically…

Buying a home is an endeavor that involves making many significant financial decisions. A major factor that determines the overall amount of money you will ultimately spend on your home and what your monthly mortgage payment will be is the mortgage rate that you obtain. One common type of mortgage rate is an adjustable rate…

Are you currently a small business owner interested in renovating or buying commercial real estate in order to further expand your business? If so, you may want to consider financing this endeavor with an SBA loan. A Small Business Administration (or SBA) loan has beneficial terms and rates and is partly backed by the U.S.…

If you can afford to save for a down payment on a new home, this is a great way to get better mortgage interest rates. The team at Preferred Capital Funding in Conyers, GA is here to help you find your dream home and save up for your down payment. In this week’s blog post,…

Many entrepreneurs, contractors, and other self-employed households have enormous potential to buy a home. The problem is, some of their income may be more difficult to show in the mortgage underwriting process. Some lenders offer non-traditional underwriting using less common financial documentation. It is important to gather and review your financial documents for any business…

If you are not happy with some of the features in your home or need energy upgrades, then research the Inflation Reduction Act for ways to save. You will need to look at what you need to do to save on energy bills. For instance, do you want solar on your home to save on…