How would a recession affect the value of your home?
Recent tariff news and declining consumer confidence have sparked growing concerns about an economic recession. While this is by no means certain, the odds of a recession occurring this year have significantly increased. Some media stories are surfacing about how a recession could hurt the housing market. In fact, a recent article from Realtor.com warned […]
Fed Rate Cut Really Means
Since the Fed rate cut 50 basis points on September 18, we’ve seen 30-year fixed mortgage rates rise meaningfully. You may be wondering how this can be. The Fed is reducing the Fed Funds Rate, which is not mortgage rates or even a long-term rate. The Fed Funds Rate is a very short-term rate, literally […]
Fed Cut Rates…Now What?
Fed Cut Rates…Now What? The Fed’s new easing cycle began last week, as they cut their benchmark Federal Funds Rate by 50 basis points, bringing it to a new range of 4.75% to 5%. This decision was not unanimous, however, as Fed Governor Michelle Bowman wanted a less aggressive 25 basis point cut. The Fed […]
Will Rates Come Down? Let’s find out!
I’ve heard a Realtor friend of mine tell me before, the best time to buy a home was 5 years ago. For some of us, that doesn’t make sense, but from what we’ve seen, it is always better to jump in than later down the road. There’s a good chance rates may be dropping in […]
Can you use Assets for Income to buy a home?
Over the years of working in the mortgage world, I have come across unique situations that require more thinking involved to help clients with needs regarding home purchases. Everyone is different and the title of this is a great example that sometimes, people have assets, but might not have income to qualify. We have a […]
It’s not a joke! You can buy without income (DSCR Loans)
Thanks for joining me for another blog post, which this is a fun one to talk about. When I came into the industry, I started to hear about loan products that my office had options of but wasn’t a high volume of them coming through the door. Also, what I’ve experienced so far is that […]
Bank Statement Loan Scenarios
Thank you for joining me in another Blog Post, which this one is a great one to read about. Not a lot of people understand the different finances that people handle themselves, especially for self employed clients. We run into this a lot where people may not claim their full amount of income, because of […]
VA One Time Close Construction Benefits
I hope this finds you well, and first off, thank you for visiting this special post. This blog post means a lot to me as myself and family have served in the U.S. Military. It takes a lot to raise your right hand to serve the country and we at Mountain Lake Mortgage have a […]
