John Downs - Mortgage Advisor (@advisorjohn) 's Twitter Profile
John Downs - Mortgage Advisor

@advisorjohn

Real-Time Housing Data & Opinions🏘️ Financial Crisis Survivor 📉 Exercise 🥜🏃‍♂️🚴🏼💪 Spirited Girl Dad

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linkhttps://linktr.ee/downsmortgagegroup calendar_today26-11-2020 17:37:25

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John Downs - Mortgage Advisor (@advisorjohn) 's Twitter Profile Photo

If you are refinancing your mortgage & live in a condominium, I strongly suggest you avoid national call center operations. The condo approval process is very different than when many last refi'd prior to '22. I don't believe refi shops are set up to underwrite condos properly.

John Downs - Mortgage Advisor (@advisorjohn) 's Twitter Profile Photo

Good call! My wife had a meltdown one day and grabbed iPads and TV remotes and threw them in the trash. (I fished them out 😂)…told kids they are gone forever. It took about two days and the kids turned into kids. They built forts, rode bikes, lived outside and we watched their

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How much money did this home seller make? He bought the home 12/22 for $780k and sold it on 12/23 for $850k. I was like, "Good for him...I'm glad he made a profit" as it was a forced sale due to a divorce. But then I did the math. His closing costs to purchase the home was

John Downs - Mortgage Advisor (@advisorjohn) 's Twitter Profile Photo

What a great comment...and so very true! The financialization of housing these past few years has warped the realities of what homeownership is all about!

John Downs - Mortgage Advisor (@advisorjohn) 's Twitter Profile Photo

Very interesting approach!! Everyone says the rich gets richer because of the leverage they get through tax avoidance. This would close that loophole down.

John Downs - Mortgage Advisor (@advisorjohn) 's Twitter Profile Photo

Have you tried buying used books on Amazon for your kids high school? We needed to buy a book for Macro Economics. New $200+ On Sale - $120 Used - $8 We just got the used book delivered. I swear it’s brand new…

John Downs - Mortgage Advisor (@advisorjohn) 's Twitter Profile Photo

#Condo Approvals: I’ve talked about them a lot lately because they are becoming very annoying. Case in point, two underwriters at the same company reviewing two different loans in the same condo project. Both issue completely different opinions and questions for the HOA based on

John Downs - Mortgage Advisor (@advisorjohn) 's Twitter Profile Photo

MBA Update: It looks like 78% of mortgage companies were profitable in the second quarter, with an average income of 17 bps. Unprofitable companies averaged a loss of roughly 27 bps. Nature is healing...

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The world needs more interviews like this. Politicians seek to sensationalize strategically chosen data points to stir up their base. Way to go Joe Kernen - I really appreciate you fighting for the truth on live TV.

John Downs - Mortgage Advisor (@advisorjohn) 's Twitter Profile Photo

While I enjoy seeing all the first day back to school pics on FB this time of year, it also makes me realize the truths in how we are posioning our children. The # of unhealthy/overweight kids I see is truly unacceptable. That is the ultimate parental failure…

John Downs - Mortgage Advisor (@advisorjohn) 's Twitter Profile Photo

Short Term Rentals continue to find unique ways to deceptively advertise their nightly rate. While placing the reservation, the first up charge round is found with the Host and Service fee. Then you get juiced for $59 damage protection avoided by a $1,500 deposit. 🙄

Short Term Rentals continue to find unique ways to deceptively advertise their nightly rate. While placing the reservation, the first up charge round is found with the Host and Service fee. Then you get juiced for $59 damage protection avoided by a $1,500 deposit. 🙄
John Downs - Mortgage Advisor (@advisorjohn) 's Twitter Profile Photo

Dropped my girls off at their high school football game, Spalding vs DeMatha. I’m watching it on YouTube live and the production quality is pro level. High schools sports have come a long way since my day!

John Downs - Mortgage Advisor (@advisorjohn) 's Twitter Profile Photo

I see similar situations in Annapolis, MD & in DC where an out-of-towner buys a home without understanding the micro-community. I agree with Jenn lovelace here in the importance of a good buyer's agent. It's infinitely more important if you are purchasing out of state!