31 Dec 2024
By Tawnya King

Looking Ahead to a New Year of Helping You Achieve Your Homeownership Dreams

Holidays
As we approach the end of this year, we can’t help but reflect on the incredible journey we’ve had together with all of you. This year has been filled with growth, new opportunities, and the realization of long-held dreams, whether it’s buying a new home, refinancing to secure a better rate, or exploring the best mortgage options available. We are honored to have played a part in helping so many of you achieve your homeownership goals. As we look forward to the new year, we are excited to continue guiding you through the ever-evolving landscape of home financing. With the…
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30 Dec 2024
By Tawnya King

What’s Ahead For Mortgage Rates This Week – December 30th, 2024

Financial Reports
With Christmas concluding the prior week, there were few reports other than Consumer Confidence, which had come in slightly below expectations. This should prove to have little impact, especially in the following week. With the New Year on the horizon, there are no reports other than the Chicago Manufacturing output report for the entire week. Happy Holidays! Consumer Confidence A post-election pop in consumer confidence fizzled at the end of the year, owing to worries about the U.S. stock market and a potentially higher cost of living as a result of new tariffs. The index of consumer confidence dropped 8.1…
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27 Dec 2024
By Tawnya King

How to Buy a Home if You Owe Taxes

Tax Debts
If you're considering buying a home while dealing with unpaid taxes, you might be wondering how your tax debt affects your mortgage approval. The good news is, it is possible to buy a home even if you owe taxes. Here’s what you need to know about how owing taxes can impact your homebuying process. How Owing the IRS Affects Buying a Home You might not need to wait until your tax debt is completely paid off to apply for a mortgage. It’s important to speak with a loan officer who can guide you through your options based on your specific…
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26 Dec 2024
By Tawnya King

Steps to Secure a Mortgage After Bankruptcy

Bankruptcy History
Experiencing bankruptcy can feel like a significant setback, but it doesn’t mean the end of your dream to own a home. With time, effort, and careful planning, you can rebuild your financial foundation and secure a mortgage. Here are some key steps to guide you through the process of buying a home after bankruptcy. Step 1: Get a Professional Credit Assessment After your bankruptcy is discharged, there is typically a waiting period before you can apply for a mortgage—usually two years for Chapter 7 bankruptcy and as little as one year for Chapter 13, depending on the loan type. Use…
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25 Dec 2024
By Tawnya King

Looking Ahead with Gratitude and Hope

Holidays
As the holiday season surrounds us with its warmth and cheer, we reflect on the incredible connections we’ve made this year. To our valued clients, whether we’ve worked together already or you’re considering partnering with us—thank you for trusting us to be part of your journey. This season is not only a time for celebration but also a moment to appreciate the opportunities ahead. We’re truly grateful for the chance to help you achieve your dreams, whether it's finding the perfect home or planning for a brighter financial future. As we step into the new year, we’re filled with hope…
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24 Dec 2024
By Tawnya King

When Will Refinancing Pay Off? Calculating Your Break-Even Point

Mortagage Tips
Refinancing can help homeowners save money, but it’s essential to determine if the potential savings outweigh the upfront costs. One key tool in making this decision is calculating the refinance break-even point. This simple calculation reveals how long it will take for your monthly savings to cover the costs of refinancing. Here’s everything you need to know about determining when refinancing will pay off. What Is the Refinance Break-Even Point? The refinance break-even point is the time it takes for the savings from lower monthly payments to equal the total costs of refinancing, such as closing fees and other expenses.…
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23 Dec 2024
By Tawnya King

What’s Ahead For Mortgage Rates This Week – December 23rd, 2024

Financial Reports
The rate cut by the Federal Reserve was hotly anticipated, and as predicted, they proceeded with the reduction, signaling the possibility of further cuts depending on inflation data. Although markets were generally receptive to the positive news, other government-related issues had dampened the high spirits temporarily. Outside of the rate decision, the PCE Index (the Federal Reserve’s preferred inflation indicator) has performed positively by beating the forecast. In addition, the Consumer Sentiment was exactly where it should be as expected. PCE Index The PCE index increased a scant 0.1% last month, the government said Friday. That’s the smallest rise in…
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