Industry Update

Money Doesn’t Come Without Guidence ...

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Summer 2022

Summer 2022 The Federal Reserve continued their fight against inflation and possible recession last week by increasing rates another 75 bps. This affects things like HELOCs, Credit Card APRs, Auto Loans and personal loan. Over the last few months, we’ve seen mortgage rates jump into the high 5’s and, in some cases, 6.0%.  As we

Spring 2022

Spring 2022 Hi Everyone!  Spring is here, COVID is hiding, war in Ukraine and rates are higher.  Sounds like the beginning of an updated We Didn’t Start the Fire!  Yes, fixed rates are in the mid 4s but will they go up more? We have all heard that the Fed will increase their rates another

What Does it Take to Get Pre Approved?

What Does it Take to Get Pre Approved? Especially in this market, it is important that you – the borrower(s)- have your mortgage financing plan in place. A Pre Approval accomplishes two things: confidence while shopping for a home knowing it’s something you can afford and, second, your potential offer is stronger when submitted with

Credit Score: Don’t Pay To Fix It!

Credit Score: Don’t Pay To Fix It! Credit Scores are always a point of concern when it comes time to get pre-approved. If there is one thing to absolutely never do:  pay a company to “fix your credit score.”  It is not possible to change or erase true information from your credit report no matter

On the Go and Looking for a Home

On the Go and Looking for a Home Americans spend an average of 55 minutes per online visit with real estate apps on their phones, according to new research unveiled by Google. Basically, “customers roll over in the morning and start looking at real estate listings [on their phone],” John Thornton, a partner in Google’s

Industry Update

Industry Update: More Millennials Turn to Their Home’s Equity According to a new survey commissioned by Discover Home Equity Loans, older millennials (ages 30 to 34) are twice as likely as baby boomers to take out a home equity loan. Of the 64 percent of older millennials surveyed who own a home, 51 percent have used a home