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Will We See 2% and 3% Mortgage Rates Again?
“Do you think we’ll ever see mortgage rates drop back to 2% or 3%?” It’s a question I hear a lot. Right now, mortgage rates are sitting in the 7s, which makes buying a home feel out of reach for many people. Most experts predict that rates might fall by about half a percent by…
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Here’s Why I Told My Borrower Not to Buy a House
I know it might sound surprising, but I recently advised one of my borrowers not to buy a house right away. Instead, I suggested they renew their lease and take a little more time to prepare. Here’s why. They needed to focus on improving their credit score by paying down some debt and saving up…
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Warning: I’ve Had Friends Who Didn’t Ask These Questions and Totally Got Screwed on Their Mortgage
Are you feeling nervous about talking to a lender because you’re not sure what to ask? Maybe you don’t fully trust the process. As a lender myself, I get it. That’s why I’m sharing the essential questions you need to ask when getting pre-qualified for a home. Believe me, I’ve seen friends make mistakes by…
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What Is an Escrow Account and How Does It Work?
If you’re a homeowner or in the process of buying a home, you’ve likely heard the term “escrow account.” But what exactly does it mean, and why is it important? What Is an Escrow Account? When you own a home, you’re responsible for more than just your mortgage. Other home-related expenses like property taxes and…
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Renting vs. Buying: Which Makes More Sense in a High-Interest Market?
One of the most common questions I get is, “With high interest rates, should I still consider buying a home, or is renting a better option?” Let’s break it down. Rent vs. Buy: Where Is Your Money Going? Think about it this way: Would you rather pay into someone else’s retirement fund or your own?…