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Noel Veitia

NMLS ID 277729

305-851-5225 nveitia@dgpinnacle.com

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Existing Home Sales Slowed by a Lack of Listings [INFOGRAPHIC]

Some Highlights: Existing home sales are currently at an annual pace of 5.22 million, which is up 1.4% over last month. This reverses the six-month trend of dips in sales every month. The inventory of existing homes is still below the 6-month supply needed for a normal market and is now at a 4.3-month supply. NAR’s Chief Economist, Lawrence Yun, had this to say: “After six consecutive months of decline, buyers are finally stepping back into the housing market. As more inventory enters the market and we head into the winter season, home price growth has begu...

November 28th, 2018 | For Buyers, For Sellers, Housing Market Updates, infographic, Existing Home Sales Slowed by a Lack of Listings [INFOGRAPHIC]

4 Documents You Need for Mortgage Pre-approval

Getting pre-approved for a mortgage is a smart step before you go out looking for a home. A pre-approval letter shows sellers that you have already proven to a lender that you have the income and down payment to qualify for a mortgage loan. This allows sellers to take you seriously, especially in a hot seller’s market. Pre-approval can be quick and painless, if you have the right documents lined up. While each lender may require slightly different paperwork, there are at least 4 documents that almost all lenders will need. Income & Employment Documents – All lenders want ...

November 28th, 2018 | Purchasing a Home, 4 Documents You Need for Mortgage Pre-approval

Females Are Making It a Priority to Invest in Real Estate!

Everyone wants a place to call home; a place that gives them a sense of security. We are currently seeing major interest from females who want to achieve this dream, and the numbers are proving it! In 2018, for the second year in a row, single female buyers accounted for 18% of all buyers. In 2017, 60% of millennial women listed as the primary borrowers on mortgages were single. According to the 2018 Home Buyer and Seller Generational Trends Report by the National Association of Realtors, one in five homebuyers in the U.S. were single females (most of t...

November 26th, 2018 | First Time Home Buyers, For Buyers, Housing Market Updates, Millennials, Move-Up Buyers, Females Are Making It a Priority to Invest in Real Estate!

Home Sellers in Q3 Netted $61K at Resale

According to a recent report by ATTOM Data Solutions, home sellers who sold their homes in the third quarter of 2018 benefited from rising home prices and netted an average of $61,232. This is the highest average price gain since the second quarter of 2007 and represents a 32% return on the original purchase prices. After the Great Recession, many homeowners were left in negative equity situations but home price appreciation in the recovery period since then has given homeowners something to smile about. The results from ATTOM fall right in line with data from the lates...

November 23rd, 2018 | For Sellers, Move-Up Buyers, Home Sellers in Q3 Netted $61K at Resale

The Cost of Renting vs. Buying a Home [INFOGRAPHIC]

Some Highlights: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (28.4%) vs. the percentage needed to buy a median-priced home (17.5%), the choice becomes obvious. Every market is different. Before you renew your lease again, find out if you can put your housing costs to work by buying this year!

November 21st, 2018 | Buying Myths, First Time Home Buyers, infographic, Rent vs Buy, The Cost of Renting vs. Buying a Home [INFOGRAPHIC]

Happy Thanksgiving from DG PINNACLE FUNDING, LLC

Thanksgiving is a time to express gratitude to those who make a difference in our lives. Thank you for your continued support of our business; it’s always a pleasure to help you and your family with your mortgage. All of us at DG PINNACLE FUNDING, LLC  would like to wish you a safe and Happy Thanksgiving. All the Best, DG PINNACLE FUNDING, LLC

November 21st, 2018 Happy Thanksgiving from DG PINNACLE FUNDING, LLC

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