“Off the Wall” Podcast

Residential Real Estate: Interest Rates, Lending, & Buying/Selling a Home

Sep 01, 2022 FAQs

Is now a good time to buy a house? Do kitchens and bathrooms really sell houses? What will mortgage interest rates do going forward? Should you consider an adjustable-rate mortgage? Tune in to find out!

In this episode of Off The Wall, hosts David Armstrong and Jessica Gibbs welcome Joan Stansfield of Stansfield Signature Real Estate and David Turner of Prosperity Home Mortgage to talk about residential real estate in the current market.

Joan shares her top tips for buyers and sellers in this highly competitive market. For people who are planning to be in their home for the foreseeable future, she gives her perspective on a reasonable long-term rate you can assume your home value will grow.

Dave talks through the notable change in mortgage interest rates since 2021 and where rates could be going in the future. He also gives his take on using adjustable-rate mortgages right now in case rates come back down in the future, and more.

Browse More Episodes

Are you looking for clarity, conviction and unfiltered advice about your wealth?

You’ve come to the right place.

Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures.

Episode Timeline/Key Highlights

Part 1: Buying and Selling a Home

[00:50] Introducing Joan Stansfield.
[03:26] Is now a good time to buy a home? Are home prices going to keep going up?
[07:32] Tips for buyers on how to compete in a competitive market.
[09:51] Waiving contingencies: Good or bad idea?
[11:56] Why people are panic selling real estate & Is it still a seller’s market?
[14:18] Why is the housing market so expensive?
[16:37] Using real estate as a long-term investment.
[21:02] Home improvements and renovations that increase and decrease the resale value of a property.

Part 2: Interest Rates & Lending

[26:12] Introducing David Turner.
[26:45] The current state of mortgage interest rates & Will interest rates keep going up?
[27:40] How federal interest rates affect mortgage interest rates & Should I wait to buy a home until interest rates to go down?
[29:28] Adjustable-rate mortgages (ARM) vs. Fixed-rate mortgages
[36:45] What you need to know about Jumbo Loans.
[39:39] Rules for VA Loans have changed… Here’s how you might benefit!

Relevant Resources Mentioned

Stansfield Signature Real Estate: https://www.stansfieldsignature.com
Prosperity Home Mortgage: https://www.phmloans.com

About Joan Stansfield

Joan Stansfield is the President and Owner of Stansfield Signature Real Estate LLC. Her team, licensed in DC, MD & VA, specializes in residential real estate consultative services, serving both sellers & buyers — from first-time home buyers, to luxury listings, relocations, military families, move-up buyers, renters & investors!

Joan is a Certified Luxury Home Marketing Specialist, Global Property Specialist, e-PRO, GREEN, Short Sale & Foreclosures and Relocation Specialist.

Her team promises to “spoil” you in the process of buying, investing or selling!

Connect with Joan

Visit Joan’s website: https://bit.ly/3caRE7N
Connect with her on LinkedIn: https://bit.ly/3TjM4AW
Listen to the Listed4Love® Podcast: https://apple.co/3zXO9cR

About David Turner

David Turner is a Senior Mortgage Consultant at Prosperity Home Mortgage LLC. He started his career in mortgage banking after graduating from Virginia Tech in 1982. David has lived and worked in Alexandria for over 45 years, giving him the ability to build and maintain lifelong relationships with clients and referral partners. David’s vast industry knowledge and years of experience have given him the privilege of assisting many customers on the road to homeownership. He specializes in VA and low down payment conventional conforming and non-conforming loan products. David sees his role as a mortgage advisor with the goal of guiding clients through the mortgage process delivering a solution that meets or exceeds expectations.

Connect with David

Visit Prosperity Home Mortgage’s website: https://bit.ly/3A9Fbcy
Connect with him on Facebook: https://bit.ly/3Kb62cO

About "Off The Wall"

OFF THE WALL is a podcast for business professionals and high-net-worth investors who want to build wealth with purpose. A little bit Wall Street, a little bit off-the-wall; it’s your go-to for straightforward, unfiltered wealth advice on topics that founders, business owners, and executives care about.

Related "Off the Wall" Podcasts

How is it that we are already heading into Q2 of 2024? In this episode, we deep dive into the first quarter of 2024 with special guest Jordan Jackson, Executive Director and Global Market Strategist with JP Morgan Asset Management's Global Market Insight Strategy team. Tune in for our breakdown of the Q1 2024 market and our optimistic (and pessimistic) views as we head into Q2.

Apr 16, 2024 Investing & Portfolio Strategies

As a philanthropist, how can you do more than just “give back” to a charitable cause? How do you make a real impact with your time, skills, passion, and money? Should you become a board member for a non-profit? Let’s dive into it. In this Off the Wall chat, hosts David B. Armstrong and Jessica Gibbs welcome Meera Pillai, a retired IT professional turned philanthropist, to talk about the ways you can make an impact through philanthropy and board membership.

Mar 11, 2024 Charitable Giving & Philanthropy

With the rising prevalence of cyber-attacks on both individuals and small businesses, it’s more important than ever to learn how to boost your cybersecurity and protect the wealth you’ve worked so hard to grow. In this episode of Off the Wall, you’ll meet Cathleen Phelps, a Client Experience Manager at Monument, and Bill Phelps, a Cybersecurity Expert and Strategist with over 26 years of experience.

Feb 16, 2024 FAQs

Stay up to date!

Subscribe to our “Off the Wall” Blog for articles and videos on all things wealth management, by all members of our Team. Unlike Facebook, we will never share your data with anyone.

Recent “Off the Wall” Blog Posts