September | Agave Newsletter

Good Morning! This edition is running a little late, but good things come to those who wait This will be a shorter post with October updates to be released soon. We hope you like tips for getting lower interest rates on your mortgage and saving money during tax time! Can you say “Ka-Ching?” 🤑

Performance Stats

• $27,464,469 total funded volume

• 86 Families helped close on a loan!

1. Mortgage Interest Tax Write off

First and foremost, we are not certified tax accountants and we encourage you to speak with your trusted tax professional.

Interest rates being at record highs is enough to scare anyone. We see it everyday how people are sidelined and fearful of purchasing or refinancing a home, unsure if the market will correct anytime soon.

Without going into the weeds, yes it is possible to deduct your mortgage interest on your home!

This video (from a tax professional) helps explain the advantages that homeowners receive during tax time. To hop right into the interest tax savings, fast forward to 6:30

To read more in depth about mortgage interest write offs on your home and even on HELOCs/Home Equity Loans, check out this page from the IRS!

IRS https://www.irs.gov/publications/p936.

2. Markets Rundown

If you want to find out what discounted rates are based on your personal profile, please fill out this form .

Rates are up from June, July, and August according to Freddie Mac

3. Interest Rate Prediction Tool

Wondering if the federal government will raise interest rates again? Keep an eye on what analysts are predicting with Fedwatch Tool.

We came across this fancy tool to help keep tabs on where the market may be potentially headed.

Make sure to bookmark into your favorites so you never miss an opportunity to prepare 👇

4. Top Mortgage News

• New 5% down option for Multifamily units starting Nov. 18th (Mortgage Reports)

• Best 2 Days For Mortgage Rates Since March (Mortgage News Daily)

(Articles are not endorsed in any matter by Agave Home Loans)

5. Sticky Media: Founders

This sticky media is one for the books or should we say podcasts…. I know, I know, telling jokes may not be our strong suit, but learning from others successes in life is. We often think how can we get better within our industry? Why would people want to work with us over someone else? How can we provide a white glove service that people would want to experience themselves? Through this self reflection is how we stumbled across this fantastic listen: Founders - by David Senra.

"The only source of knowledge is experience." - Albert Einstein

In this podcast, David reads a biography from history’s greatest entrepreneurs and finds ideas you can use within your work. From each of these lifetimes are stories in which an entrepreneur figured out how to find success in their fields. David Senra takes the legwork of reading these for you and curates the experience, mindset and work ethic each person had in each episode. We encourage you to take a listen to your favorite entrepreneur and implement something new into your day to day life!
 
“You could productively spend your time reading experiences of great people who have come before and you learn every time." —Marc Andreessen

Take a listen to the podcast here 👈

6. 2% Lower Rates and Tax Write offs?

This short clip explains it all! Let us know in the comments if this was helpful 🙏

@agave_home_loans

HOUSE HACK! (part 2) #househack #mortgage #homeloans #fyp #azrealtor #tiktok

Want to read more about the 2-1 buy-down program? Check out complete guide to learn how you can get qualified for these programs!

7. Sweet Visuals: Credit Card Interest Rates

Average Interest Rates on Credit Cards Over Time

Source: Mortgage News Daily

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AGAVE HOME LOANS

MORTGAGE BROKERAGE

PHONE 888.300.3440
EMAIL [email protected]
WEB www.agavehomeloans.com
AGAVE NMLS #1951574

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