Monthly Mortgage Lowdown: October 2022
In the October edition of the Monthly Mortgage Lowdown our main topic of discussion was “Pricing Strategies That Will Win You More Buyers in 2022” We had a great discussion around the following topics: Mortgage Rate Update – October 18, 2022 Year over Year Trends – Rates and Loan Values Loan Limits – Loan limits...
2/1 Rate Buydown Explained
Click here for our rate buydown calculator! In high-rate markets like we are currently seeing, affordability is key to homeowners. The 2/1 rate buydown program can be a great way for homebuyers to save money on their mortgage. This program allows buyers to lock in a lower interest rate for the first two years of...
Monthly Mortgage Lowdown: September 2022
Welcome to our new monthly webinar series where we talk about current market conditions, and showcase different products and strategies that can help save borrowers the most money as possible. For September 2022, our topic was “Finding Unique Programs That Fit Every Buyers Situation” Download the slide deck below!
Home Hunter TV Recap: 6 Month ARM Loan
Andy Price recently went on the Home Hunter TV show to talk about our new 6 Month ARM Loan Program! 6 month ARM loan Priced out of the market? With rates more than doubling since the beginning of the year, our new 6 month ARM program can provide you a much lower payment during this...
Price Mortgage Wins The AIME Visionary Growth Award!
Price Mortgage is pleased to announce that Andy Price has won the AIME Visionary Growth Award for 2022. Hall of AIME, which took place February 10th through February 12th at the Fontainebleau Hotel in Miami Beach, Florida, was hosted by The Association of Independent Mortgage Experts (AIME), a non-profit, national trade membership association created exclusively...
10 Things NOT To Do During The Mortgage Process: Your Mortgage Survival Guide
The mortgage application process is complicated and intimidating. There are many different things to take into consideration before you even start the process, but once you do, it can be a little overwhelming. The good news is that there are plenty of resources out there to help with this process. We’ve compiled 10 things NOT...
Build, Buy Or Fix? The First Time Homebuyer Dilemma
It is no secret that we are in the midst of a housing crisis. Prices for homes have skyrocketed, and interest rates are lower than ever before. With these two factors in mind, it may seem like now is the perfect time to buy a home! But wait – what type should you buy? There...
When Should I Refinance?
Refinancing can help you lower your monthly payment or extract existing equity in your home. Often times this a great way to save money or to pay for home improvements or consolidate high interest debt. But when should you refinance really depends on your current financial situation and your future goals. What Is A Refinance?...
FHFA Dissolves Adverse Market Refinance Fee
Great news for homeowners looking to refinance right now! The Federal Housing Finance Agency(FHFA) is officially removing the 50bps Adverse Market Refinance Fee effective August 1st. This means that lenders will no longer be required to pay Fannie Mae or Freddie Mac a 50bps fee on refinances. The elimination of this fee will help families...
Who Qualifies As a First Time Homebuyer?
You’re probably aware that first time homebuyers get access to special loan programs and assistant programs that current homeowners do not. However, there are a lot of misconceptions around who actually qualifies as a first time homebuyer. You’re probably thinking “anyone who has not purchased a home before, duh…” But that’s not always the case!...