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5 People You’ll Meet as a First-Time Homebuyer
June 7, 2022 by The CE Shop Team Let’s Learn About the Professionals Involved in the Homebuying Process For many first-time homebuyers, navigating the real estate industry and the homebuying process can feel overwhelming. That’s totally understandable — after all, a home is often the largest purchase that a buyer will make in their lifetime. But the journey to homeownership can also be incredibly exciting, and the more you learn about the process, the better prepared you’ll be. Today, we’re going to be talking about the various professionals that you’ll encounter on your homebuying journey. Buyer’s Agent Your real estate agent is the person that you’ll be spending the most time…
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Texas Con Duped Dozens in Investment Fraud Scheme
Texas Man Sentenced to Decade in Prison for Swindling $1 Million Created by our partners at the CE Shop, Jun 6, 2022 Shawn Johnson, a 42-year-old man that lives in Dallas, TX has been sentenced to a decade in prison for a scheme in which he tricked victims into investing with him in ventures that did not exist. How Johnson Received Investment from Victims Johnson would lie to victims about his professional background, his contacts with celebrities, and his personal net worth, in order to induce them to invest in the scheme. He would claim to be involved in financing for major events, including a party in Washington for the second…
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First Time Home Buyer, Home Shortage, HomeBuyers, Real Estate, Real Estate Blogs, Real Estate Education
First-Time Homebuyers are Facing a Starter Home Shortage
Lack of “Starter Homes” in the U.S. Makes First-Time Homebuying Difficult Post from our Partners at the CE Shop dated 2/13/2022 It’s hard for first-time homebuyers in this housing market — in recent years, they’ve faced ultra-high home prices, record-low inventory, and more recently, rising mortgage rates. Some first-time homebuyers might be feeling frustrated or discouraged, and as a real estate agent, it’s your job to help them through the process. But how did we get here? In this blog, we’re going to explore what experts say is one of the major barriers to homeownership: the lack of available “starter homes.” What Is a “Starter Home”? There’s no one…
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Property Management, Property Manager, Real Estate, Real Estate Blogs, Real Estate Career, Real Estate Education
How to Become a Property Manager
by The CE Shop Team Becoming a Property Manager A property manager is fully responsible for the maintenance, operation, and marketing of a real estate property or rental property on behalf of the owner. Property managers give the property a competitive edge in the market by conducting mass advertising campaigns, supervising renovations, and adhering to stipulated rental laws. Becoming a property manager is a great option for people looking for a new career as the demand for such specialists is growing exponentially. 34% of Americans opt to rent property rather than purchasing their own, with this figure increasing at nearly twice the speed as the rates for homeownership. Most real estate companies are…
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Home Sellers, HomeBuyers, MLO Education, Mortgage Industry, Real Estate, Real Estate Blogs, Real Estate Courses for most US States
Mortgage Industry Glossary – Terms Everyone Should Know
By the CEShop Team Common Mortgage Terms and Definitions Whether you are a mortgage lender, borrower, or real estate agent, navigating your way through the mortgage loan process can be challenging. Having a list of mortgage terms handy helps everyone benefit during the process. To help you enjoy smooth sailing during the mortgage loan process, we’ve put together a list of the most widely used mortgage term definitions in the industry. Mortgage Terms: Adjustable-Rate Mortgage (ARM) Amortization Annual Percentage Rate (APR) Appraisal Fee Appraised Value Borrower Defaults Borrower’s Credit Borrower’s Closing Costs Closing Disclosure Conventional Loan Conventional Mortgage Credit Report Creditworthiness Debt-to-Income Ratio Deed of Trust Down Payment Earnest Money…
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Loan Officers, Loan Originator Career, MLO Education, MLO's, Mortgage Industry, Mortgage Loan Originators, Mortgage Originator Education, Mortgage Originators
The Top 5 Tech Tools for Mortgage Loan Officers
Feb 23, 2022 by the CE Shop Team These Tech Tools Are Made to Help Mortgage Loan Officers It’s no secret that technology has improved our personal and professional lives, but have you wondered how to utilize different software and digital services to make your job as a Mortgage Loan Originator even more productive? In this guide, we’ll outline the five most important tech tools Mortgage Loan Officers and Originators (MLOs) need to succeed in 2022. These tools can improve your marketing strategy, increase lead generation, and digitally manage paperwork. Not only will this technology help you, but it’ll create an enjoyable experience for your clients, in turn getting you…
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Loan Officers, Loan Originator Career, MLO Education, MLO's, Mortgage Industry, Mortgage Loan Originators
How do MLO’s make Money?
How You Can Expect to be Paid as a Mortgage Loan Officer Before we explain how Mortgage Loan Officers (MLOs) are paid, let’s check out what you stand to earn as an MLO. Not only do Mortgage Loan Officers enjoy excellent job security, but their annual income varies depending on how many hours they dedicate to working, the mortgage rates in their area, and their commission agreement. In other words, MLOs have the unique ability to earn a hefty paycheck. As of 12/7/2021, the average salary of a Mortgage Loan Officer is $73,756 per year before commission. With a near-unlimited earning potential on the horizon, let’s break down the typical pay structure…
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Sorry, Homebuyers: This Seller’s Market Is Sticking Around
From the CE Shop Team – January 17, 2022 As we wrapped up 2021, a year marked by soaring home prices and incredibly low inventory, many prospective homebuyers likely felt frustrated by the state of the ultra-hot housing market. Now, as we look into 2022, many might be wondering: Will the housing market finally calm down? Well, maybe — but it will remain a seller’s market, experts say. Here’s what Realtor.com predicts: “…The market will continue slowing down from the frenzy seen in the spring [of 2021] when prices shot up to new heights. However, prices will stay high, inventory will remain tight, and mortgage rates will rise. “The bottom line: Even as…
