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Mortgage Minute

Mortgage Minute

Benefits of Using a Local Lender

Talk mortgages with almost any seasoned Realtor® in Steamboat and you will undoubtedly hear a cautionary tale of a deal that blew up because of an out-of-town lender. If it were only a few Realtors with a few stories, one could chalk it up to bad luck.  With such a […]

Mortgage Minute

STOP THAT ANNOYING RINGING

With lower mortgage volumes and increased competition for business, many lenders have resorted to purchasing leads from the credit bureaus to contact any borrower who has their credit pulled by a mortgage company. This has led to consumers receiving upwards of a reported 60 calls immediately after having their credit […]

Mortgage Minute

RESURGENCE OF AN OLD MORTGAGE HACK

After years of dormancy, with interest rates remaining stubbornly high, the temporary buydown has resurfaced as a useful tool to make the first two or three years of a mortgage more affordable. Optimally, a temporary buydown provides borrowers with lower payments until they can refinance to a permanently lower rate […]