Roy Sperr’s Post

During last night's historic presidential debate, housing issues made a brief appearance! President Biden highlighted the need to reduce housing costs, promising to build 2 million new units and cap rents to combat corporate greed. He also mentioned a $10,000 tax credit for first-time homebuyers and a proposal to cut title insurance requirements on some loans. Former President Trump, however, did not address housing in the debate, and it’s not currently listed on his campaign website. What are your thoughts on the housing plans discussed? Do you think these proposals will effectively address the housing crisis? 🏠💬 #PresidentialDebate #RealEstate #HousingCrisis #LPshares #CommercialRealEstate #MarketTrends #RealEstateNews #multifamily #invest #entrepreneurship101 #limitedpartner #generalpartner #businessquotes #realestate #businessadvice #businessminded #businessowners #Trump #Biden

💰 Don’t you just love tax season? With tax season here, and all those refunds being given out, a homebuyer can use their return as an acceptable source of funds for downpayment and closing costs. This can be a nice addition to your home fund and get you closer to homeownership. We also have affordable lending products that can help with borrowers who have limited funds. DM for more details! #taxes #taxseason #downpayment #homebuying #loanofficers

Last Friday, Commissioner Karima Woods spoke at the DC Housing Finance Agency Homeownership Conference on the impact credit has on overall financial health.   As Commissioner Woods emphasized to the audience, "Having good credit is like having a good reputation. It follows you everywhere you go."   🔍 Ready to build #financiallyfit habits, understand loan and mortgage terms and achieve homeownership? DISB has you covered! Explore our resources and start your journey to financial empowerment at DISB.dc.gov.

Looks like the Home Loan bank executives are putting the ball back in Congress's court when it comes to increasing affordable housing contributions above the current 10% threshold. 🏡💸 • As if the housing crisis isn't pressing enough already, now it seems legislative action is the magic key to opening the door to more affordable housing solutions. • Does this mean we have to wait on lawmakers to secure more support for those in need of affordable housing options? 🤔 • With the spotlight on this issue, will Congress pass the necessary laws to pave the way for a more equitable housing market? • You'd think there would be more urgency to address the affordable housing crisis, but alas, it seems like the onus is on lawmakers to make the change. • Let's hope this serves as a wake-up call for legislative action to prioritize affordable housing initiatives for the greater good. 🌟

Delving into President Biden's State of the Union on housing affordability reveals a comprehensive strategy. Among the highlights, his proposed $5,000 annual tax credit for middle-class, first-time homebuyers for two years stands out, aimed at easing the financial burden of mortgages for over 3.5 million families. Additionally, the initiative offering up to $25,000 in down payment assistance for first-generation homebuyers could benefit approximately 400,000 families, breaking down barriers to homeownership. On the rental front, Biden's plan addresses the issue of rent gouging with the Strike Force on Unfair and Illegal Pricing, targeting behaviors like information sharing and price fixing. Stay tuned as we unpack how these proposals aim to make housing more accessible. 🏡 #HousingAffordability #StateOfTheUnion

Texas Trinity Team wants you to know . . . If you’re thinking about buying a home soon don't forget - your credit score is key and boosting it might be easier than you think. Start by reducing debt, staying on top of your payments, and fixing any errors on your credit report, like closed accounts that are reported as open. When you're ready, DM me so we can start the homebuying process. #homebuyingtips #creditscorematters

😱 Sticker shock on home prices? Sky-high interest rates? Low inventory got you down? 🏠 Don’t worry, you’re not riding this rollercoaster alone! But hey, guess what? There’s a treasure chest of first-time homebuyer programs waiting to be your financial miracle. Here’s what’s in store for you: 🔸 Down Payment Assistance: Think of it as a fairy godmother for your down payment! 🔸 Government-Backed Loans: Like having a financial guardian angel! 🔸 Non-Repayable Grants: It’s practically free money – no strings attached! 🔸 Tax Advantages: Who doesn’t love a good tax break? 🔸 Closing Cost Aid: Like finding a pot of gold at the end of the rainbow! But remember, these programs can vary by location and current market conditions. Do your homework to find out which option is right for you before starting your home search. Message me to start your exciting journey to homeownership 🏠 #FirstTimeBuyerTips #HomebuyingHero #FinancialSuperpowers #RealEstateAdventure #HouseHuntingFun #MarketMysteries #HomebuyerTreasures #realestatejourney #tharprealestategroup #dentoncountyrealtor #collincountyrealtor #tarrantcountyrealtor #dfwrealtor

The #FederalReserve's on an interest rate reduction roll. So maybe it's time to put your home's wealth to work for you, with a #homeequityloan or #HELOC. Here's how to decide whether you should tap your #homeequity now: https://lnkd.in/evt54cW9

Taking a home loan can be a smart financial move, especially when it comes to income tax. Did you know that there are several tax benefits that you can avail of when taking a home loan? Here are some of the key benefits: 1. Tax Deduction on Interest Payment 2. Tax Deduction on Principal Repayment 3. Additional Deduction for First-Time Homebuyers 4. Tax Benefits for Joint Home Loans 5. Tax Benefits on Under-Construction Properties 6. Tax Benefits for Affordable Housing 7. Tax Benefits on Second Home Loans 8. Tax Benefits on Joint Property Ownership These tax benefits can help in reducing your overall tax liability and make homeownership more affordable in the long run. As a potential homebuyer, it's crucial to understand these benefits and take advantage of them. #homeloan #taxbenefits #homeownership #reducetaxliability

Attention single-family professionals! Here are the top things you need to know for this week, 8/5: 1) Federal Reserve Keeps Rates Unchanged; Rate Cut in September? 2) MBA Responds to the CFPB’s RFI on Mortgage Closing Costs 3) MBA Updates Building Generational Wealth Through Homeownership and Affordable Housing Update White Paper 4) MAA Update: Senate Procedural Vote on Bipartisan Tax Bill with LIHTC Fix Falls Short 5) Participate in the MAA “Advocacy in August” Campaign Read MBA’s latest residential legislative and policy update: https://bit.ly/3Yv7YpK.