Joel Richardson's (jdrichardson) Blog

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Mortgage and Lending - VeraBank - NMLS#: 136881
The Sitzer | Burnett commission trial in Kansas City, Missouri, is undoubtedly a significant development in the real estate industry, and it has the potential to reshape how agents are compensated. As someone with over 20 years of experience in the real estate industry, I can provide some insight...
I write this twice yearly as many clients ask my opinion on where things are and where they are going regarding mortgages. Top line: The sky isn’t falling! The most significant impact on mortgage rates: inflation and the government selling mortgage-backed securities. The bond market hates inflati...
 Do you have investors who can't qualify for a "full doc" loan? I may have the answer for them and you. A Debt Service Coverage Ratio (DSCR) loan! What is a DSCR?  A DSCR measure a borrower's cash flow against current debt obligations for an investment property. It is a type of mortgage that a re...
With the recent decision by the Supreme Court to strike down Biden's student debt forgiveness program, many younger potential homebuyers may feel discouraged about their homebuying goals. Agree or not with the program or decision, we are all looking for ways to help young homebuyers. To that end,...
With the housing market, as it is today, many of us real estate professionals may be questioning our career choices. I have heard as many as 60,000 have left the industry in 2023. Wow! When the going gets tough, reviewing and recalibrating your business is essential. In The Millionaire Real Estat...
I can’t count how many times per week I have to address client concerns about current rates or rate direction. Then the most obvious reason for this hit me: most homebuyers today have never seen higher rates! Today, over 50% of buyers are  or Gen Z. Millennials weren’t in the market in 2008. With...
 Home renovation can be a great way to add value to your home and make it more comfortable and enjoyable.  There are many different types of renovations that you can do, from minor cosmetic improvements to significant structural changes. Before you get started, it's essential to do some research ...

Joel Richardson

SVP-Central Texas Mortgages, Home Reno Loan "Go-To
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