I had a purchase referral from one of my family friends here in New Jersey. The borrower was purchasing a home in Essex County, and it was a beautiful house at $1,200,000. The Loan amount was $850,000 which put the loan type in an elite high balance. The borrower shopped around with other lenders, and …
One of the primary drivers of rising mortgage interest rates is the state of the economy. When the economy experiences robust growth and a low unemployment rate, it often leads to higher inflation expectations. In response, central banks may tighten monetary policy by raising short-term interest rates. These actions aim to curb inflation and keep …
Do you want to get a mortgage, but don’t know how? In this article I will go through the process for you to be able to get a Mortgage. The process seems very complicated because borrowers are unaware of where to start, but once they become aware of the process they can do much better. …
1. Recent Interest Rates will Become the Norm You might be shocked to hear that 30 Year Mortgage Rates are not inflated. Despite what the news coverage says about the rates, they aren’t as high as you expect. January of 2019, the 30 year fixed rate was at 5.04% according to Mortgage News Daily. As …
Top 5 Reasons Why Mortgage Rates Don’t Mean much For Home Buyers (2022) Read More »
This article is meant for both loan originators and borrowers. As a loan originator this will give you longevity in the business. As a borrower this will help you decide if your current loan originator is right for you. This article will be informative because I have spent countless hours with clients to perfect their …
