How to Sell Loans in a Rising Rate Market

It’s no secret that rates are on the rise this year. Now is the time to pivot towards other strategies that are not focused on low interest rates. Many consumers are only familiar with refinancing to a lower interest rate, but it is our goal as loan officers to show them the bigger picture. Data […]

$600 Credit on Home Purchase Appraisals

For a limited time, we’re offering homebuyers up to $600 toward their appraisal. Homeownership may seem very elusive right now, especially for first-time homebuyers. Appraisal costs are hefty so offering a $600 credit should help take off some of the pressure during the homebuying process. In addition to the appraisal credit, we’re here to make […]

2022 Real Estate Market Forecast

Interest Rates We anticipate mortgage rates to rise along with inflation during the first part of the year. With Fed action, softer stock market, and slowing economic conditions, interest rates should head lower in the second part of the year. Housing Housing will remain strong in 2022 but not as strong in 2021. Demand may […]

What are Tax-Deductible Closing Costs?

First-time home buyer Albert is a very detailed oriented client that doesn’t miss many details and wants to know exactly which closing costs are tax-deductible and which ones aren’t… what (if anything) should you say? In general, Albert can deduct “points” (“loan origination” or “discount” points) used to obtain a mortgage when buying a home, […]

Can You Buy Down the Interest Rate in a Purchase?

Katelyn and Nicholas are first-time home buyers who are very nervous about a potentially large mortgage payment.  They wish to negotiate with the seller to credit them a few points to “buy down” the interest-rate so that they are more comfortable with their monthly payment.  Does that make sense? “Buying down”  the interest rate is […]