Sean McDowell Team

06/28/2022

Should you buy a home right now??

06/26/2022

And he’s off! Boy Scout Camp for a week. He’s super excited and I’m sure he’ll have a great time.

06/19/2022

06/01/2022

Will increasing interest rates cause home prices to drop?

Let's allow history and numbers to reveal the truth so you can make the most informed decision for YOU!

As the chart shows, mortgage rates jumped by at least 1% six times in the last thirty years.

In each case, home values increased.

So again, if you’re a first-time buyer or a repeat buyer, waiting to buy likely means you’ll pay more for a home later in the year (as compared to its current value).

05/27/2022

Did you hear that the Governor of Florida just signed a bill now requiring high school financial literacy classes to graduate?

How cool (and much needed)

Do you agree?

Where do you feel your gaps may be?

Send me a private message and I will work on creating even more financial literacy- type content to help us all learn together!!

05/25/2022

Have you ever wondered what the difference is between a soft credit pull and a hard credit pull on your FICO score?

Soft pulls do not impact your actual score, yet too many hard credit pulls (in a short window) could!

Be sure to limit any additional hard credit pulls once you have started the pre-qualification process as this small change in score might alter your purchasing power.

05/23/2022

Oh, the joys of homeownership right now... Am I right?

I mean... what would you do with $55,000?

Pay off debt?

Invest it?

Buy a rental property?

Truth is - people who own a home are 44x wealthier than people who rent and the biggest reason is because of the appreciation of a home.

If you are renting - maybe you have a good reason, but if you have a stable job and don't plan on moving - then let's chat!

05/20/2022

Big news!

The three largest credit bureaus, TransUnion, Equifax and Experian are removing cleared medical debts from consumers credit reports beginning in July 2022.

This means that if you’ve paid your medical bill in full and the debt is still sitting on your credit report as a negative mark, this negative mark will now be removed.

This is a relief for millions of Americans that are battling an estimated $88 billion in medical debt, according to a report published by the Consumer Financial Protection Bureau last month.

These debts have had significant long-term financial consequences on consumers as these paid debts that were sent to collections remained as a red-mark on their reports, leaving them with fewer options for housing, loans and credit cards.

Woohoo!

05/18/2022

Did you know it costs you $0 to work with a realtor to help you buy a home?

But... wait, how do they get paid?

The seller!

Yep - the seller covers the cost of the buyer's agent so STOP trying to look at homes online and contact a real estate agent to help you find what you're looking for!

OR ask me for a personal referral as we see all sides of the transaction and can refer you to some of the best in our area!!

05/16/2022

1 major component to your interest rate with a conventional loan is your FICO score.

The better the FICO score... the better your interest rate will be.

But - did you know if you have a 740 or an 850 - you are still in the same tier?

Tag a friend that may be shopping for an interest rate and could benefit from this post!

05/13/2022

Posing for my logo. Need to get that mask and tights. 🤣😂

Had to do this before they got too big!