{"id":4179,"date":"2021-10-08T18:46:02","date_gmt":"2021-10-08T18:46:02","guid":{"rendered":"https:\/\/griffinfunding.com\/?p=4179"},"modified":"2026-03-22T15:24:59","modified_gmt":"2026-03-22T15:24:59","slug":"october-news","status":"publish","type":"post","link":"https:\/\/griffinfunding.com\/blog\/mortgage\/october-news\/","title":{"rendered":"Welcome To October!"},"content":{"rendered":"<table class=\" alignleft\" role=\"presentation\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td class=\"hs_padded\">\n<div id=\"hs_cos_wrapper_module_16312205875341\" class=\"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module\" data-hs-cos-general-type=\"widget\" data-hs-cos-type=\"module\">\n<div id=\"hs_cos_wrapper_module_16312205875341_\" class=\"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_rich_text\" data-hs-cos-general-type=\"widget\" data-hs-cos-type=\"rich_text\">\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-4180 size-full alignleft\" src=\"https:\/\/griffinfunding.com\/wp-content\/uploads\/2021\/10\/Oct-Newsletter1.png\" alt=\"\" width=\"1200\" height=\"400\" srcset=\"https:\/\/griffinfunding.com\/wp-content\/uploads\/2021\/10\/Oct-Newsletter1.png 1200w, https:\/\/griffinfunding.com\/wp-content\/uploads\/2021\/10\/Oct-Newsletter1-300x100.png 300w, https:\/\/griffinfunding.com\/wp-content\/uploads\/2021\/10\/Oct-Newsletter1-1024x341.png 1024w, https:\/\/griffinfunding.com\/wp-content\/uploads\/2021\/10\/Oct-Newsletter1-768x256.png 768w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<h2>HOME EQUITY HAS HIT A RECORD HIGH.<\/h2>\n<p align=\"left\">As home prices continue their rapid rise, many Americans are sitting on a pile of equity in their homes.\u00a0\u00a0Homeowners with mortgages gained $2.9 trillion in equity in the second quarter of 2021, a 29.3% year-over-year increase, according to a new report by CoreLogic.\u00a0 This marks an average gain of $51,500 per borrower since the second quarter of 2020.\u2060<\/p>\n<p align=\"left\">\u2060The states with the greatest average year-over-year equity gain per borrower include the very hot Western markets of California, Washington, Hawaii, Idaho, Utah and Arizona, with the greatest equity gains being recorded in California ($116,000 per borrower). \u2060<\/p>\n<p align=\"left\">Meanwhile, mortgage rates have jumped in the days since the Federal Reserve announced late last month that it would scale back its buying of mortgage-backed securities and Treasury bonds.<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2 style=\"text-align: left;\" align=\"center\"><strong>Debt Service Coverage Ratio: No-Income Mortgage Loans<\/strong><\/h2>\n<p style=\"text-align: left;\">Griffin Funding offers\u00a0<a href=\"https:\/\/griffinfunding.com\/non-qm-mortgages\/dscr-loans\/\" target=\"_blank\" rel=\"noopener\" data-ps2id-offset=\"\" data-hs-link-id=\"0\">DSCR<\/a>\u00a0(debt service coverage ratio) loans at a ratio as low as .75 to allow you to qualify on the cash flow of the property\u00a0<strong>only<\/strong>, and we even have no-ratio DSCR loans where the DSCR isn\u2019t taken into account for vacant properties that have yet to be rented out. Since the majority of real estate investors typically flip homes quickly or use rental income to repay the mortgages of their investment properties, these loans exclude investors from the rules of repayment that are typically required.\u00a0 No tax returns or your personal income is required. We look at:\u00a0 Credit score, rental income, appraisal (to ensure you have at least 20% equity), and verification it\u2019s to be used as a rental property and not primary residence.<\/p>\n<p style=\"text-align: left;\">See an example of this type of loan in action\u00a0<a href=\"https:\/\/griffinfunding.com\/blog\/mortgage\/what-is-a-better-investment-stocks-or-real-estate\/\" target=\"_blank\" rel=\"noopener\" data-hs-link-id=\"0\">HERE<\/a>.<\/p>\n<table role=\"presentation\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td class=\"hs_padded\">\n<div id=\"hs_cos_wrapper_module_16336543084395\" class=\"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module\" data-hs-cos-general-type=\"widget\" data-hs-cos-type=\"module\">\n<div id=\"hs_cos_wrapper_module_16336543084395_\" class=\"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_rich_text\" data-hs-cos-general-type=\"widget\" data-hs-cos-type=\"rich_text\">\n<h2 align=\"left\"><a href=\"https:\/\/info.griffinfunding.com\/realestatereportcard?utm_campaign=Newsletters&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-8brVe1xNMnVnr1jklZpkmfBxe0IgNpgWADR_emfGnhHzfFBPYoug_GCbUO5cpkNzN1jWo0\" target=\"_blank\" rel=\"noopener\" data-hs-link-id=\"0\"><img decoding=\"async\" class=\"alignleft\" src=\"https:\/\/cdn2.hubspot.net\/hub\/3972732\/hubfs\/Neighborhoods_subdivision-2.jpg?upscale=true&amp;width=1000&amp;upscale=true&amp;name=Neighborhoods_subdivision-2.jpg\" alt=\"Neighborhoods_subdivision-2\" width=\"500\" align=\"middle\" \/><\/a>GET YOUR REAL ESTATE REPORT CARD<\/h2>\n<p>With this powerful tool you can see important information regarding the health of a specific address&#8217;s real estate market.\u00a0 Some of the amazing features of this report are:<\/p>\n<p>Affordability Index, Median Home Price, Historical Appreciation, Forecasted Appreciation, and Much more!<\/p>\n<p align=\"left\"><a href=\"https:\/\/info.griffinfunding.com\/realestatereportcard?utm_campaign=Newsletters&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-8brVe1xNMnVnr1jklZpkmfBxe0IgNpgWADR_emfGnhHzfFBPYoug_GCbUO5cpkNzN1jWo0\" target=\"_blank\" rel=\"noopener\" data-hs-link-id=\"1\">Request your Real Estate Report Card today!<\/a><\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div class=\"cta_banner gold_cta\" style=\"background:url(https:\/\/griffinfunding.com\/wp-content\/uploads\/2024\/02\/gold-background-1.png)\"><h3>Download the Griffin Gold app today!<\/h3><p>Take charge of your financial wellness and achieve your homeownership goals <br><br>\r\nUse invitation code: <b>GRIFGOLD<\/b> to register.<\/p><div class=\"stores\"><a href=\"https:\/\/apps.apple.com\/us\/app\/griffin-gold\/id6460034387\"><img decoding=\"async\" src=\"https:\/\/griffinfunding.com\/wp-content\/uploads\/2024\/02\/apple-icon.svg\" \/><\/a><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.griffinfunding.gold\"><img decoding=\"async\" src=\"https:\/\/griffinfunding.com\/wp-content\/uploads\/2024\/02\/google-store.svg\" \/><\/a><\/div><\/div>\n<h2>Griffin Funding Review Highlight:<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-4181 size-full aligncenter\" src=\"https:\/\/griffinfunding.com\/wp-content\/uploads\/2021\/10\/Review-for-newsletter.png\" alt=\"\" width=\"1200\" height=\"200\" srcset=\"https:\/\/griffinfunding.com\/wp-content\/uploads\/2021\/10\/Review-for-newsletter.png 1200w, https:\/\/griffinfunding.com\/wp-content\/uploads\/2021\/10\/Review-for-newsletter-300x50.png 300w, https:\/\/griffinfunding.com\/wp-content\/uploads\/2021\/10\/Review-for-newsletter-1024x171.png 1024w, https:\/\/griffinfunding.com\/wp-content\/uploads\/2021\/10\/Review-for-newsletter-768x128.png 768w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<div id=\"hs_cos_wrapper_module_16297595040342\" class=\"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module\" data-hs-cos-general-type=\"widget\" data-hs-cos-type=\"module\">\n<table class=\"hse-image-wrapper\" role=\"presentation\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\" align=\"center\" valign=\"top\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft\" src=\"https:\/\/cdn2.hubspot.net\/hub\/3972732\/hubfs\/GF%20OCT%205.png?upscale=true&amp;width=600&amp;upscale=true&amp;name=GF%20OCT%205.png\" alt=\"GF OCT 5\" width=\"257\" height=\"257\" align=\"middle\" \/><\/p>\n<p>The 12-month rise in U.S. Home Price Index reached a record-setting 18.1% in August, the highest in the 45-year history of the index.\u2060\u00a0 Ongoing affordability challenges within the supply-constricted market have also been exacerbated by an influx in homebuying activity from investors. \u2060\u00a0 At the state level, Idaho and Arizona again led the way with the strongest price growth at 32.2% and 29.5%, respectively.\u2060\u00a0 Griffin Funding is licensed in 14 states across the nation, and growing! We can help you take advantage of all the equity in your home! Contact us today if you have any questions!\u2060<\/p>\n<p><a class=\"_ps2id\" href=\"https:\/\/www.instagram.com\/p\/CUq6NwfJjD0\/\" data-ps2id-offset=\"\">CONNECT WITH US ON SOCIAL MEDIA FOR THE LATEST MORTGAGE UPDATES!<\/a>\u2060<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>HOME EQUITY HAS HIT A RECORD HIGH. As home prices continue their rapid rise, many Americans are sitting on a pile of equity in their homes.\u00a0\u00a0Homeowners with mortgages gained $2.9 trillion in equity in the second quarter of 2021, a 29.3% year-over-year increase, according to a new report by CoreLogic.\u00a0 This marks an average gain<a class=\"moretag\" href=\"https:\/\/griffinfunding.com\/blog\/mortgage\/october-news\/\">&#8230;<\/a><\/p>\n","protected":false},"author":2,"featured_media":4184,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[100],"tags":[],"class_list":["post-4179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mortgage"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Welcome To October! - Griffin Funding<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/griffinfunding.com\/blog\/mortgage\/october-news\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Welcome To October!\" \/>\n<meta property=\"og:description\" content=\"HOME EQUITY HAS HIT A RECORD HIGH. As home prices continue their rapid rise, many Americans are sitting on a pile of equity in their homes.\u00a0\u00a0Homeowners with mortgages gained $2.9 trillion in equity in the second quarter of 2021, a 29.3% year-over-year increase, according to a new report by CoreLogic.\u00a0 This marks an average gain...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/griffinfunding.com\/blog\/mortgage\/october-news\/\" \/>\n<meta property=\"og:site_name\" content=\"Griffin Funding\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/griffinfunding\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/griffinfunding\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-08T18:46:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-22T15:24:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/griffinfunding.com\/wp-content\/uploads\/2021\/10\/pumpkins.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Bill Lyons\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/x.com\/griffinfunding\" \/>\n<meta name=\"twitter:site\" content=\"@griffinfunding\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bill Lyons\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/blog\\\/mortgage\\\/october-news\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/blog\\\/mortgage\\\/october-news\\\/\"},\"author\":{\"name\":\"Bill Lyons\",\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/#\\\/schema\\\/person\\\/83571cd7f738a7f95cae1a44ad0b7ef1\"},\"headline\":\"Welcome To October!\",\"datePublished\":\"2021-10-08T18:46:02+00:00\",\"dateModified\":\"2026-03-22T15:24:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/blog\\\/mortgage\\\/october-news\\\/\"},\"wordCount\":441,\"publisher\":{\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/blog\\\/mortgage\\\/october-news\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/griffinfunding.com\\\/wp-content\\\/uploads\\\/2021\\\/10\\\/pumpkins.png\",\"articleSection\":[\"Mortgage\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/blog\\\/mortgage\\\/october-news\\\/\",\"url\":\"https:\\\/\\\/griffinfunding.com\\\/blog\\\/mortgage\\\/october-news\\\/\",\"name\":\"Welcome To October! 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