REILatinx

REILatinx ✊🏽Empowering first-gen Real Estate Investors
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In 2019, only 5% of Latinos reported receiving any type of monetary or estate inheritance, while 26% of non-Hispanic Whi...
09/24/2021

In 2019, only 5% of Latinos reported receiving any type of monetary or estate inheritance, while 26% of non-Hispanic Whites claim such financial background.

Data from the 2020 State of Hispanic Wealth Report

https://hispanicwealthproject.org/downloads/2020-SHWR-Annual-Report.pdf

𝗧𝗮𝗿𝗶𝗳𝗮 𝗽𝗼𝗿 𝗲𝗺𝗶𝘀𝗶ó𝗻 𝗱𝗲𝗹 𝗽𝗿é𝘀𝘁𝗮𝗺𝗼O Cargo por Emisión es una tarifa por emisión de un préstamo es el cobro que hace el pres...
09/22/2021

𝗧𝗮𝗿𝗶𝗳𝗮 𝗽𝗼𝗿 𝗲𝗺𝗶𝘀𝗶ó𝗻 𝗱𝗲𝗹 𝗽𝗿é𝘀𝘁𝗮𝗺𝗼
O Cargo por Emisión es una tarifa por emisión de un préstamo es el cobro que hace el prestamista por tramitar el préstamo hipotecario. La tarifa por emisión podría incluir el procesamiento de la solicitud, la escritura y financiación del préstamo, y otros servicios administrativos. Generalmente, las tarifas de emisión de un préstamo sólo podrían aumentar bajo ciertas circunstancias.

𝗢𝗿𝗶𝗴𝗶𝗻𝗮𝘁𝗶𝗼𝗻 𝗙𝗲𝗲
A mortgage origination fee is an upfront fee charged by a lender to process a new loan application. The fee is compensation for executing the loan. Loan origination fees are quoted as a percentage of the total loan, and they are generally between 0.5% and 1% of a mortgage loan.

𝗖𝗮𝗺𝗲 𝗮𝗰𝗿𝗼𝘀𝘀 𝘁𝗵𝗶𝘀 𝗮𝗻𝗱 𝗶𝘁 𝗷𝘂𝘀𝘁 𝗵𝗶𝘁 𝗵𝗼𝗺𝗲⁠⁠In an industry that can sometimes be cutthroat competitive and shady people aboun...
09/06/2021

𝗖𝗮𝗺𝗲 𝗮𝗰𝗿𝗼𝘀𝘀 𝘁𝗵𝗶𝘀 𝗮𝗻𝗱 𝗶𝘁 𝗷𝘂𝘀𝘁 𝗵𝗶𝘁 𝗵𝗼𝗺𝗲⁠

In an industry that can sometimes be cutthroat competitive and shady people abound, it's important to remember hat our actions have consequences in the lives of other people, not just the building in the transaction.⁠

A few days ago I received a phone call from a friend who needed to make a moral decision regarding a deal he's working on that could net him a lot of money and he became aware that the person on the seller's agent was doing some shady things.⁠

Ironically, I had already passed on this same deal a few days prior when I learned that my friend was also interested.⁠

It would have been easy for me to "claim" the deal since I had seen it first, it would have been easy for my friend to sign the contract and take the property in way that would ultimately hurt the seller but benefit everyone else involved. ⁠

We have to be better, remember to place people before profit, encourage collaboration over competition, community over selfishness. ⁠

There's plenty of food for everyone to eat at this feast.

It's no secret that this pandemic has disproportionately affected our community. Now more than ever it's important we co...
09/04/2021

It's no secret that this pandemic has disproportionately affected our community. Now more than ever it's important we continue to share knowledge and elevate one another as we continue to build wealth.⁠

According to the Pew Research Center, 49% of Hispanics say they or someone in their household took a pay cut or lost a job because of the COVID-19 outbreak, compared with 33% of all U.S. adults.⁠

Read more here: https://www.pewresearch.org/politics/worries-about-coronavirus-surge-most-americans-expect-a-recession-or-worse/

𝗔𝘀𝗼𝗰𝗶𝗮𝗰𝗶ó𝗻 𝗱𝗲 𝗽𝗿𝗼𝗽𝗶𝗲𝘁𝗮𝗿𝗶𝗼𝘀Una “homeowners’ association," HOA, o asociación de propietarios, se forma típicamente para ma...
08/31/2021

𝗔𝘀𝗼𝗰𝗶𝗮𝗰𝗶ó𝗻 𝗱𝗲 𝗽𝗿𝗼𝗽𝗶𝗲𝘁𝗮𝗿𝗶𝗼𝘀
Una “homeowners’ association," HOA, o asociación de propietarios, se forma típicamente para manejar gastos compartidos de un conjunto o comunidad organizada, tales como, jardinería y otros costos de mantenimiento.

𝗛𝗢𝗔
A Homeowners Association sets rules for a community and collects fees from homeowners to maintain the neighborhood. HOA fees pay for maintenance items such as landscaping and elevators

Let go ✌️ of who you are today to become who you want to be ✊💪
08/30/2021

Let go ✌️ of who you are today to become who you want to be ✊💪

According to the Federal Reserve Board, a typical Hispanic family owns $38,000 in wealth, compared to $184,000 of a whit...
08/27/2021

According to the Federal Reserve Board, a typical Hispanic family owns $38,000 in wealth, compared to $184,000 of a white family.

The data from the 2019 Survey of Consumer Finances (SCF) show that long-standing and substantial wealth disparities between families in different racial and ethnic groups were little changed since the last survey in 2016; the typical White family has eight times the wealth of the typical Black family and five times the wealth of the typical Hispanic family.

Check out the full article gere:
https://www.federalreserve.gov/econres/notes/feds-notes/disparities-in-wealth-by-race-and-ethnicity-in-the-2019-survey-of-consumer-finances-20200928.htm

𝗔𝗺𝗼𝗿𝘁𝗶𝘇𝗮𝗰𝗶ó𝗻 💰 🏦 La amortización de un préstamo hipotecario (hipoteca) es un procedimiento por el que se paga el dinero ...
08/24/2021

𝗔𝗺𝗼𝗿𝘁𝗶𝘇𝗮𝗰𝗶ó𝗻 💰 🏦
La amortización de un préstamo hipotecario (hipoteca) es un procedimiento por el que se paga el dinero prestado por un banco (capital) mediante desembolsos parciales y periódicos (cuota). Esta amortización hipotecaria es anticipada, por lo que se refiere a la devolución del capital antes del vencimiento del contrato.

𝗔𝗺𝗼𝗿𝘁𝗶𝘇𝗮𝘁𝗶𝗼𝗻
mortgage payments spread out over time. Usually one monthly payment scheduled over a 15- or 30-year period of time.

🔆It's important to keep moving ⏩towards your goals 🥅
08/24/2021

🔆It's important to keep moving ⏩towards your goals 🥅

33%  of Hispanic women say they have no money saved for emergencies, and 19% say they have less than $500.Data from a re...
08/20/2021

33% of Hispanic women say they have no money saved for emergencies, and 19% say they have less than $500.

Data from a report by UnidosUS.

𝗘𝗻𝗺𝗶𝗲𝗻𝗱𝗮 Modificacion del contrato de compraventa Se utiliza para corregir o clarificar informacion en el contrato origi...
08/18/2021

𝗘𝗻𝗺𝗶𝗲𝗻𝗱𝗮

Modificacion del contrato de compraventa Se utiliza para corregir o clarificar informacion en el contrato original

𝗔𝗺𝗲𝗻𝗱𝗺𝗲𝗻𝘁

Modification to the original purchase agreement. It either corrects something on that initial contract or clarifies it with additional information.

🏆Success doesn't come without education 📓 and hard work⚒️
08/16/2021

🏆Success doesn't come without education 📓 and hard work⚒️

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