Why Refinancing Your Mortgage Before the Year Ends Is a Great Option

December 6, 2024

As the year comes to a close, it’s the perfect time to consider refinancing your mortgage. Whether you’ve been thinking about lowering your monthly payment, securing a better interest rate, or tapping into your home’s equity, refinancing can offer many benefits. However, the timing can make all the difference. Here’s why refinancing before the year […]

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The Role of the Appraisal Contingency in Real Estate Contracts

December 5, 2024

When you’re buying a home, one important component of the real estate contract is the appraisal contingency. This clause protects the buyer in case the property’s appraisal comes in lower than the agreed-upon sale price. While it’s a common part of many real estate transactions, it’s often not fully understood. Here’s why it’s so important […]

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Mortgage Assistance Programs and Government and Nonprofit Options

December 4, 2024

Purchasing a home is a significant financial milestone, but for many potential buyers, the upfront costs and down payment can be a barrier. Fortunately, various mortgage assistance programs are available through government agencies and nonprofit organizations to help low- and moderate-income homebuyers achieve their dream of homeownership. These programs can provide financial assistance, lower interest rates, […]

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Steps to Prepare for Future Home Financing and Year-End Financial Checklist

December 3, 2024

As the year draws to a close, it’s the perfect time to take a step back and review your financial health, especially if you plan to purchase a home next year. Whether you’re a first-time buyer or looking to upgrade, proper preparation can make all the difference when securing a mortgage with favorable terms. Here’s […]

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What’s Ahead For Mortgage Rates This Week – December 2nd, 2024

December 2, 2024

Leading off with the FOMC Minutes, the Federal Reserve has stated once again they will maintain a “gradual” approach to cutting interest rates, which has aligned with their goals of meeting their target 2% inflation goal. The PCE Index release numbers, the Federal Reserve’s preferred inflation indicator, have shown everything is within expectations. So while […]

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What You Can Do Now to Prepare for Mortgage Rate Drops

November 29, 2024

As we move into the last month of 2024, many potential homebuyers are eagerly awaiting a drop in mortgage rates. With inflation numbers looking promising, there’s hope that the Federal Reserve will lower the federal funds rate, which typically drives mortgage rates down as well. If you’re planning to buy a home or refinance when […]

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Thank You for Your Trust and Support This Holiday Season

November 28, 2024

As we gather with family and friends this Thanksgiving, I want to take a moment to express my gratitude to all of my past and potential clients. In this season of reflection, I’m reminded of how thankful I am for the trust and confidence that clients place in me throughout the homebuying journey. Whether you’re […]

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Why Tax Prep is Crucial for Mortgage Applicants

November 27, 2024

When you are preparing to buy a home, tax season should be on your radar as it plays a significant role in your mortgage application process. Whether you’re a first-time homebuyer or a seasoned investor, how you file your taxes can have a direct impact on the mortgage you qualify for. Understanding this connection can […]

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A Deep Dive Into Bank Statement Second Mortgages for Self-Employed Individuals

November 26, 2024

If you’re self-employed or have an income that doesn’t fit traditional molds, securing financing for a home renovation or debt consolidation can seem daunting. However, bank statement second mortgages are designed to provide a viable solution for homeowners who don’t rely on conventional pay stubs, W-2 forms, or tax returns. Let’s break down how these […]

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What’s Ahead For Mortgage Rates This Week – November 25th, 2024

November 25, 2024

Following the election results, the University of Michigan’s Consumer Sentiment Report painted a less-than-stellar picture, reflecting stagnation in sentiment. The prior week was relatively light, aside from the Consumer Sentiment data. However, the S&P PMI Industrial Numbers provided a brighter outlook, indicating some acceleration in manufacturing activity as the holiday season approaches. Looking ahead, the […]

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