While the gig economy has been around for a while, since COVID hit, it has completely blown up. In 2020, the gig economy grew by 33%, expanding 8.25x faster than the US economy as a whole. The same year, 2 million Americans tried “gig work” for the first time, and 34% of the US workers Read More…
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February Market and Company News!
Jobs report gives Fed green light for more rate hikes The Federal Reserve is almost certainly raising interest rates in March. The only question now is by how much. The strong January jobs report is the last piece of evidence the Fed needs to show that inflation pressures are not going away anytime soon. With Read More…
Demographics are changing for Remote Workers- Including Income Taxes and Lifestyle changes
Where we live has been dictated by where we can find a good job. That truism has defined much of where Americans reside — clustered in and around lucrative job markets. Working remotely isn’t just another perk in a benefits package, it’s the opportunity to move freely and still continue the same career, ideally with Read More…
Considering a Cash-Out? Now is a Great Time as Equity Skyrockets!
Record home price appreciation in the last few years has pushed tappable home equity to new heights! According to a report published by data vendor Black Knight this week, the third quarter of 2021 saw a nearly $250 billion dollar increase in tappable equity—a record. With record high tappable home equity, now is a great time to consider a Read More…
Share of Homes Bought by Investors Keeps Growing as Single-Family Rents Soar
Real estate investors were responsible for 18.2% of the homes purchased in the U.S. during the third quarter of this year — a record-high share, according to Redfin. Investment Property Mortgage Home Loans are available to both new and experienced investors. This new all-time high was up from a revised share of 16.1% in second-quarter Read More…
November News
High home prices could drop in November as mortgage rates increase, economist says Home prices are rising, though not at the same record pace as earlier this year. As a result, economists say both homebuyers and homeowners should expect substantial home value increases annually, but decreases month-over-month toward the end of 2021. “The typical home Read More…
Build a Cash Flow Positive Real Estate Portfolio with One Simple Loan
Griffin Funding offers Investment Property Loans, or DSCR loans. A DSCR loan is a type of non-QM loan for new or seasoned real estate investors. With this particular program, no income or tax return verification is required. You can easily qualify based on the property’s cash flow. As a real estate investor, you can avoid Read More…
Welcome To October!
HOME EQUITY HAS HIT A RECORD HIGH. As home prices continue their rapid rise, many Americans are sitting on a pile of equity in their homes. Homeowners with mortgages gained $2.9 trillion in equity in the second quarter of 2021, a 29.3% year-over-year increase, according to a new report by CoreLogic. This marks an average gain Read More…
What is a better investment, Stocks or Real Estate?
Stock Market Example Invest $160,000 10% annual growth $504,287 at end of 12 years $342,974 at the end of 8 years $2,808,354 at end of 30 years Griffin Funding offers DSCR (debt service coverage ratio) loans at a ratio as low as .75 to allow you to qualify on the cash flow of the property Read More…
Meet Our New COO Evan Kidwell
What’s your professional background? And how did you come to Griffin Funding? I was in the legal industry for about seven years and I was responsible for operations, sales, team management, and culture. Just as I was looking to make a change, I was at a real estate conference and met the owner of a Read More…
