Author: Lending Agent
Key takeaways A chattel loan is a loan used to buy movable property — including manufactured homes. You can get a chattel loan from a lender to purchase a manufactured home, but you’ll need to figure out how to buy or rent the land to put it on separately. These manufactured home loans often come with looser borrower requirements but higher interest rates than traditional mortgages. What is a chattel mortgage? A chattel mortgage is a loan used to buy movable property, like manufactured and mobile homes, rather than fixed real estate. They are sometimes referred to interchangeably as manufactured home…
President Donald Trump’s shifting tariff policy has the stock market on pace for a down week, but some defensive stocks could still help investors see gains in their portfolios. Stocks extended their losses on Friday from the previous session, with the S & P 500 and Nasdaq Composite on pace for their biggest weekly declines since September. The latest sell-off comes on the heels of a weaker-than-expected February jobs report and continued uncertainty regarding U.S. trade with Canada, Mexico and China. The week’s multi-session declines began Monday, when President Trump announced he would impose 25% tariffs on Tuesday on Canada…
President Donald Trump on Thursday night officially established the widely anticipated U.S. strategic bitcoin reserve , fulfilling a major re-election campaign promise to the crypto industry. The market didn’t seem to care much, however. Cryptocurrencies have recovered most of their initial losses after a quick drop following the news. Bitcoin was hovering at $88,000, the same level at traded at before Trump signed the executive order. Ether and the Solana token inched slightly higher, while XRP and the coin tied to Cardano were lower. While many praised the executive order as being a good and reasonable approach, especially given how…
Home prices in New Mexico did something unusual at the beginning of this year: They dropped. Compared with one year earlier, median sales prices ticked down by about half a percent, according to Redfin. That may not sound like much, but when prices almost everywhere else are going up, it’s a welcome signal to first-time homebuyers in the state. Still, with a median sales price of $344,400, saving enough for the upfront costs of homeownership can be a challenge. Assistance is available — especially for first-time buyers — through Housing New Mexico. New Mexico housing market statistics Median home price…
Broadcom ‘s blowout first-quarter earnings seem to have assuaged analysts’ recent fears toward the battered artificial intelligence trade. Rising market uncertainty and trade tensions have weighed down the semiconductor stocks as of late. AI poster child Nvidia is on pace to end the week 10% lower, and on Tuesday the tech-heavy Nasdaq Composite entered correction territory . These fears were stoked further on Thursday after chipmaker Marvell Technology issued revenue guidance that fell short of some elevated buyside expectations. But on Friday, Broadcom’s blockbuster earnings report seemed to have righted the ship. The semiconductor manufacturer popped 6% after posting first-quarter…
Investor sentiment has drastically changed in recent weeks as tariffs — or the threat of tariffs — have been introduced to the markets. Last month’s discussion of awakening animal spirits and multiple analysts racing to readjust their 2025 S & P 500 targets served as a warning, as the Cboe Volatility Index (VIX) crashed under 15. The Invesco QQQ Trust , which tracks the Nasdaq-100, and the S & P 500 have been dropping precipitously — even dipping under their 200 day moving averages for the first time in roughly 400 trading days. I believe now is the time to…
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Despite Tesla ‘s volatility, the stock remains one of the best ways to play trends across the electric vehicle market, according to TD Cowen. The firm upgraded the stock to buy from hold. Its price target of $388 per share implies around 47.3% upside potential from Thursday’s close. And while shares trade at around 90 times forward earnings, analyst Itay Michaeli is still confident in their potential. “While we are valuation-/sentiment-minded when recommending stocks, we agree with the underlying notion that Tesla cannot be compared to other automaker stocks, not because it isn’t an ‘auto company’, but because it’s arguably best…
Key takeaways VA loans offer many benefits such as no down payment or mortgage insurance, easier qualifications and lower interest rates. However, they also have drawbacks such as a required funding fee, property restrictions and potentially less equity to start. Alternatives to VA loans include conventional loans, FHA loans and USDA loans. If you’re an eligible active-duty military member, veteran or surviving spouse, you can use a VA loan — guaranteed by the U.S. Department of Veterans Affairs (VA) — to buy a new property or refinance an existing mortgage. There are plenty of benefits of a VA home loan…
Recent pullbacks in Amazon and Goldman Sachs may provide a golden opportunity for investors, according to Jay Woods of Freedom Capital Markets. The firm’s chief global strategist appeared on CNBC’s ” Power Lunch ” on Thursday, offering his takes on some of the day’s biggest market stories. Here is what he had to say during “Three-Stock Lunch.” Amazon Shares of the dominant e-commerce platform fell almost 4% Thursday, leaving it off 5.5% for the week and on pace for its fifth straight weekly loss on the heels of President Donald Trump’s tariff developments . “We’re afraid of tariffs. We know…