Jason R Doughty - Mortgage Planner

Who is planning to look at homes on the weekend? 🏡

But first... have you clarified your financing strategy?

For those who have already talked to a lender (or are preparing to) ... here are some great questions to ask them so you are most prepared:

✨ What types of loans do you offer?

Make sure they have a variety of loan options to fit your needs.

✨ What are the interest rates and fees for each loan type based on my credit/asset profile?

Get a clear understanding of the total cost, including interest rates and fees.

✨ What are the qualifying criteria for these loans?
Know the eligibility requirements to gauge your approval chances.

✨ Can you explain the offer submission strategy and what to expect once under contract?

Understand the steps and timelines involved.

✨ What is my cost over time, net-worth, and tax advantages per loan program offered?

✨ What happens if interest rates change before I close on my home?

Learn how rate changes could affect your loan, especially in a fluctuating market.

✨ How will you help me find the best finance strategy (not just interest rate)?

Ensure they are committed to tailoring options to your specific needs.

We’re here to help you navigate the mortgage process and find your dream home.

Reach out to us this weekend with any questions or if you need assistance.

Happy house hunting!

Thinking about buying a home?

Here's some insightful data on mortgage interest rates that might help you understand the current market landscape. 📊

From Q1 2013 through Q1 2024, we've seen significant changes in mortgage rates.

The percentage of loans with rates under 4% surged during the pandemic, peaking at 65.2% in early 2022. Today, that number stands at 57.3%.

Similarly, loans under 5% peaked at 85.5% and are now at 76.0%.

These historically low rates have made it challenging for current homeowners to sell, leading to lower existing home inventory levels.

However, the percentage of loans over 6% has increased from 7.2% in mid-2022 to 14.3% by the end of 2023.

Despite these shifts, owning a home is still a valuable and achievable goal.

If you're ready to explore your options and navigate this market, let's connect and find the best path for you.

Your dream home is within reach!

Let's be real - packing and moving is the not-so-fun part when relocating... and can be even harder with kids. 👩‍👩‍👧‍👦

So, here are 6 creative ways to involve them in the process:

1. Treasure Hunt

2. Moving Day Party

3. Create a Scrapbook

4. Decorate Moving Boxes

5. Room Design Planner

6. Goodbye and Hello Letters

Please share with someone you know who may be relocating this Fall!📦🏡

Wondering how a cash-out refinance can help with credit card debt? Then [SAVE] this post!

💳 Consolidate Debt:

Pay off high-interest credit cards with a lower-interest mortgage loan, saving money on interest payments.

💳 Lower Interest Rates:

Mortgage rates are usually lower than credit card rates, so you’ll save on interest costs.

💳 Single Monthly Payment:

Combine multiple debts into one monthly payment, making it easier to manage and budget.

Want to learn more about a cash-out refinance? Message us today!