How Increased Mortgage Interest Rates Affect You

There is SO MUCH in the news about rising mortgage interest rates lately. It seems like just a moment ago we were seeing mortgage rates hovering around 3.75%. Those days are very likely behind us as we approach 5% and beyond on a more regular basis. While this might seem catastrophic to some, the reality is that rates below 5% are NOT the norm. The average interest rate over the last 50 years is somewhere between 8% and 9%. Regardless of that fact, increased mortgage interest rates will affect … [Read more...]

Trust Your Realtor® To Refer A Mortgage Lender

Wouldn't it be great if we had a money tree we could go to when wanting to purchase a home? The 18 inch high stack of paperwork to sign before closing would be reduced to a few pages. It might take a week  for the sale to finalize instead of the 30-45 day close of escrow that is required when financing a transaction. Most of us don't have the resources to pay cash for a home and a mortgage lender is a large part of a successful home purchase. Read on to find out why you should trust your … [Read more...]

Shadow Savings of Home Ownership

I just finished sending out closing statements to all of my clients who bought or sold a home in 2015, requiring me to go back into each file and pull the final settlement sheets and send each one individually. Why would I go to that trouble? Because part of my job as my client's Realtor, is to help them save money. Whether it's negotiating hard for them on their home sale or purchase, protecting their earnest money if they're buying a home, helping them choose the offer with the best chance of … [Read more...]

October rollout of TRID: Don’t Let It Scare You Out Of Buying A Home

If you have a pulse, you've probably heard about changes to the mortgage approval process that may be making you wonder if it's become too difficult to purchase a home. Especially with some lenders and real estate agents quaking in their boots about the changes and "government intervention" it's easy to feel like there are too many forces working against  you. The fact is that the TRID changes were designed to, and in fact DO simplify the disclosures that you as a buyer must read, and make the … [Read more...]