Mortgage Rate Roller Coaster

What’s going on with mortgage rates?!? The past year has been an emotional roller coaster of rate drop promises, for those trying to afford to buy a home, as well as those of us who make a living in the mortgage and real estate industries. 2024 was off to a good start, with a lot…

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Mortgage-Related Income Tax Deductions

don't miss out on these tax deductions!

If you made a home purchase in the last year, odds are you paid some little bit of something in discount points. Or maybe you weren’t confident rates would drop or didn’t want to worry about refinancing anytime soon, so you paid more. Discount points and prepaid interest are both tax-deductible items that will NOT…

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Tracking Down the BEST Realtor for YOU!

Yes, you need a realtor! A professional realtor is so much more than someone who shows you houses – they are acting as your representation in what will likely be the largest financial investment of your life. As a mortgage lender, I cringe when one of my clients says they don’t need a realtor (or…

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Applying for Your First Mortgage: What to Expect

If you’ve never been through a mortgage application process, or maybe it’s been a long while, you may be approaching it with some trepidation. The very idea of a stranger digging through details of your life history and finances can feel a bit invasive. While the process (and hence, your experience) will vary greatly depending…

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New Construction: What to Know Before You Buy

FULL DISCLOSURE up-front: No loan officer who is not in a “preferred lender” relationship with a builder can compete with new construction. Builders mark-up the sales price of their homes so that they can entice buyers with a rebate (which can be used to buy down the rate or cover some closing costs) in exchange…

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Pre-Qualification vs. Pre-Approval

In recent pre-COVID times, a simple pre-qualification letter was enough to start your home search with and was the only letter most lenders would issue until you were under contract, but in today’s competitive, multiple-offer market (driven by lack of inventory), you had better be armed with a pre-APPROVAL from your lender of choice. What’s…

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How to Best Today’s Mortgage Rates

how to best today's mortgage rates

  I hate to break it to you, but barring another global disaster or pandemic, we are unlikely to see mortgage rates drop to the 3% playing field again in our lifetime. The COVID-19 pandemic shutdowns seemed to last an eternity, so mentally and emotionally what happened during those times seems like the way things…

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