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Monday News You Can Use - 05.15.2023

coach donna stott coach mike stott monday news monday news you can use May 15, 2023

 FHFA ends debt-to-income ratio mortgage fee. How homebuyers will benefit.
Mortgage demand surged after Fed Signaled potential pause in rate hikes.
How to use a IRA to buy a home 

App of the week:



Gboard, also known as Google Keyboard, is Google's keyboard for smartphones and tablets. Free to use, it doesn't require a Google account, and you can have instant access to Google services such as search, translate, YouTube, Maps, and more. This means you don't have to copy and paste details from another app.


 Conversation Advancer: 

Since Interests went up sellers need to lower their price

 I can understand your thinking. The additional costs associated with a mortgage payment now, however sellers are pricing their homes in accordance with recent active, under-contract and sold comps in a neighborhood. Prices have softened a bit compared to last year, and are not dramatically increasing as rapidly as they were. Sellers understand that their home may not go under contract within hours of it coming on the market, and most are prepared to negotiate within reason. An important focus of a negotiation is not just the purchase price, but also what your monthly payment will be. There are ways to move through a negotiation with a seller where they don’t have to significantly reduce their price, but can give you concessions towards an interest rate buydown and/or your closing costs and prepaids. This can help lower your monthly mortgage payment and save out-of-pocket costs, which can make the home more affordable.  


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Mike Stott
[email protected]

Cell: 678-232-0927

Office: 770-726-1256

International Coach Federation • Certified ACC