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McAllen Customer Appreciation Fiesta saw over 150 customers

Over 150 loyal customers attended the McAllen Customer Appreciation Fiesta on Sept. 15! The evening was filled with great food, wonderful customers and fantastic Edwards staff members. Edwards staff would like to extend a special thank you to all that participated. We'll see you next time! 

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Edwards Director of Education and Training awarded NTP designation

A huge congratulations to our very own Marilyn De Luna, Director of Education and Training, who has been awarded the National Title Professional designation by the American Land Title Association. Through her hard work, dedication, knowledge and experience, Marilyn has demonstrated professional integrity and commitment in the ever-changing land title industry. Marilyn is the first title Texas title agent to collect all four designations (CESP, CTIP, CAEP and NTP). We are so proud of you, Marilyn! Congratulations!Marilyn 2014

Edwards Team contributes to hurricane Harvey relief efforts

The Edwards team doesn’t shy away from doing their part in helping fellow Texas communities. All Edwards Abstract and Title Co. locations throughout Cameron and Hidalgo counties contributed in donating items for hurricane Harvey victims in east Texas.

Each Edwards location throughout the Valley collected medical supplies, food items, toiletries, pet food and clothing items for the survivors needing it the most in the areas effected by Harvey.

Staff members worked closely with the City of Edinburg, the Edinburg Fire Department, Greater McAllen Association of Realtors and the Edinburg Police Department to ensure all donated items were sent off at the appropriate collection sites.

Through donations, relief efforts and active volunteering, the families faced with tragedy in east Texas will slowly be able to reshape their lives. The Edwards team helped support these efforts by banding together in a time of need. Way to go, team! 

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Millennial Homebuyers: The Future of the Housing Market

Author: Brianna Gilpin in Daily DoseDataFeaturedNews 
September 6, 2017

Considering they are the future of the housing market, the mortgage industry is becoming increasingly interested in millennials. According to Joe Tyrrell, EVP of Corporate Strategy at Ellie Mae, more millennials are interested in becoming homeowners for the first time, which is leading to continued strength in the purchase market.

In its July Millennial Tracker, which focuses on mortgage applications for applicants born between 1980 and 1999, Ellie Mae reported the average days for millennial borrowers to close on a loan was 44. However, this varied depending largely on their location.

While Millennials in New York averaged 60 days to close on a loan, those in California only averaged 37. Falling in between those, Illinois millennials averaged 39 days while those in Florida averaged 45. The average time to close an FHA loan increased by one day since last month to 44 while VA loans decreased from 46 to 42 days. FHA refinance loans experienced the biggest jump from 45 days to close in June to 50 days in July.

“Between the competitive housing market with limited inventory and the 30-year note rate at a 2017 low, some millennial homeowners may be deciding to stay put and take advantage of the opportunity to refinance,” said Tyrell.

Refinances accounted for 11 percent of all closed loans by millennial buyers, up from 10 percent in June. The most popular loan product, Conventional loans, showed refinances increasing two points to 14 percent.

On average, single millennial men took out loans for $181,568, while single women averaged $170,301. Their average FICO credit score was 724, up from 723 in June and lower than July 2016’s 725. The average score for a conventional loan was 748, FHA loan at 688, and VA loan at 742.

Read the whole article here

Homeownership Remains the American Dream

DAILY REAL ESTATE NEWS | TUESDAY, SEPTEMBER 05, 2017

Homeownership remains the number one accomplishment of achieving the American dream, according to the 2017 Hearth State of the American Dream Report, based on a survey of 2,000 Americans.

The consumers surveyed said the most important elements of the American dream are:
#1. Owning a home I love (19%)
#2. Affording rent and living expenses without hardship (15%)
#3. Starting a family (14%)
#4. Finding a fulfilling career (14%)
#5. Sending my child to college (10%)
#6. Building retirement savings (9%)
#7. Being able to afford luxuries (7%)
#8. Owning a car (5%)
#9. Earning more than my parents (social mobility) (3%)
#10. Owning a pet (2%)

However, Americans fear that portions of their American dream may be slipping away, according to the survey conducted by Hearth, a “fintech” startup that helps homeowners make financial decisions during renovations. Fewer than one in five Americans surveyed say they are fulfilling their American dream. Eighteen percent said they are fully living the American dream, while 36 percent say they are living only parts of it and 28 percent say it’s within reach.

Forty-nine percent of millennials surveyed who were renting their home said that owning a home was crucial to them. Ninety-four percent of the millennials surveyed said that homeownership is important to achieving the American dream, with 55 percent saying owning a home they love is “very important.”

Ninety-seven percent of homeowners surveyed believe renovations are an important part to the American dream. Fifty-five percent of homeowners said owning a home they love is crucial, but only 3 percent believe they could achieve an American dream home without a renovation, according to the survey.

Overall, the top three U.S. states for consumers who say they are living the full American dream are Wyoming (40%), Delaware (38%), and Colorado (36%).

Source: “The State of the American Dream,” Hearth (August 2017)

Edwards sponsors educational training through September and October

 

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Edwards Abstract and Title Co. has been recognized as the Education Sponsor for the Greater McAllen Association of Realtors through September and October. Below are links to trainings and seminars throughout these months to help keep you informed and up-to-date on important information. Click on the links to register or get more information.

 

Sept. 18: DPA & First Time Home Buyer Programs (Broadcast)

Price: $10
CE Credit: 1HR CE 
Instructor: Sue Nance

Click here to register online. 
Click here for detailed information.

 

Sept. 19: Seller Beware: 32 Buyer-outs in a Real Estate Contract (Broadcast)

Price: $90
CE Credit: 8HRS CE 
Instructor: Reba Saxon 

Click here to register online. 
Click here for detailed information.

 

Sept. 20: TREC Legal Update 1 & TREC Legal Update 2 (Live Class)

 Price: $40 each class 

CE Credit: 4 HRS CE each class 
Instructor: Henry McFarland 

Click here to register online. 
Click here for detailed information.

 

Sept. 22: Turbo Charge: Maximize Your CMA (Broadcast Class)

Price: $60
CE Credit: 6HRS CE 
Instructor: Candy Cooke & Robbie English 

Click here to register online. 
Click here for detailed information.

 

Sept. 26: Broker Responsibility - (Live Class)

Price: $60
CE Credit: 6HRS CE 
Instructor: Henry McFarland 

Click here to register online. 
Click here for detailed information.

 

Sept. 27: Real Estate and Facebook 101 - (Live Class)

Price: $20
CE Credit: 2HRS CE 
Instructor: Henry McFarland  

Click here to register online. 
Click here for detailed information.

 

Sept. 27: Buyers Rep Agreement - (Live Class)

Price: $20
CE Credit: 2HRS CE 
Instructor: Henry McFarland  

Click here to register online. 
Click here for detailed information.