Earnest-Will Borthwick Mlo-1831678

Earnest-Will Borthwick Mlo-1831678 Earnest Borthwick
Mortgage Loan Originator
NMLS #: 1831678

770 S Burlington Blvd
Burlington, WA 98233
(360) 474-3911

Corporate NMLS ID # 338923 (http://www.nmlsconsumeraccess.org)
https://annie-mac.com/pages/licensing
AnnieMac Home Mortgage is an Equal Housing Lender.

07/12/2023

Did you know that right now, around one-third of all home purchases involve offers higher than the asking price? This number keeps going up because homes are selling really fast, spending an average of just 18 days on the market. So if you're looking to buy a house, you might wonder if it's a smart move to bid more than the listed price. To figure that out, you need to know the break-even point and consider how the value of the house will grow in the future.

But hey, no worries! We have all the historical data and future predictions for every market. When we work together, we can give you a clear idea of how long it'll take for the house's value to match your bid and also predict its future appreciation. This way, you can make an informed decision based on solid facts instead of just going with your gut. And the best part? We can get all this done in just a few minutes.

So why wait? Reach out to me today, and I'll help you secure the home you've always dreamed of.

06/14/2023

What interest rate are you paying? If you have a mortgage with a low rate, that’s great. But what if you have other debts?

You might think your interest rate is low, but when you average the rates on your debts overall, it may be significantly higher.

Credit cards, car loans, HELOCs and others have all seen their rates drastically increase.

The good news is that you probably have a lot of equity in your home that can be used to consolidate all those debts. And while your new mortgage rate might be higher, your blended rate may actually decline.

Remember, Albert Einstein said “compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.”

Call me today to discuss a cash-out refinance strategy to free up an enormous amount of savings that could add to cash flow or be used to shave many years off the remaining balance of your loan.

05/30/2023

Do you know what drives mortgage rates? It’s not the Fed…it’s inflation. And inflation has been improving, which has been helping mortgage rates improve. On May 10, we had an encouraging drop in the Consumer Price Index or CPI inflation report. But the good news is expected to continue!

Over the next two months, inflation is expected to improve further, which should help mortgage rates even more. Improving mortgage rates will increase buyer demand into a very tight inventory environment. It might be wise to get ahead of this positive news and act sooner than later on purchasing a home.

One of the biggest misconceptions for renters is the amount of down payment needed. Only 11% realize that a home could b...
04/25/2023

One of the biggest misconceptions for renters is the amount of down payment needed. Only 11% realize that a home could be purchased with just 5% down, and about 45% believe that a down payment of around 20% is needed. This is according to the latest survey from the National Association of Realtors.

Additionally, two-thirds of millennial renters say they don’t have enough saved for a down payment, but that's because many felt they needed to save 20% of the purchase price according to Apartment List.

If you are renting, you are getting left behind. The average homeowner has a net worth 40 times higher than that of a renter. Many millennials are already seeing this. For the first time ever, 50% of millennials are now homeowners.

Rents will likely continue to rise! Don’t miss your chance to start building wealth through homeownership today. Reach out to me so I can share more about the benefits of owning a home.

02/09/2023

Mortgage rates have declined from the highs reached late last year. You may be wondering if you should wait for them to drop further before making a home purchase. Let me explain why it may be more beneficial to act now instead.

We recently received December’s Pending Home Sales data, which measures signed contracts on existing homes. This number came in better than expected. We’re also starting to see other housing sales figures improve like New Home Sales. This rebound means activity is picking up and will likely only increase from here.

Instead of waiting, a better tactic would be to purchase that home today while there is less competition and more room for negotiation. This will help you get the best deal, and if rates do move lower, you can likely refinance your loan, while benefiting today from the price savings.

11/19/2022

If you’re struggling in your real estate business with getting leads…
Stop and look at what you’re doing.
Now, compare it with the top agents and teams in the country.
Are you actually doing what the most successful agents are doing?
If not, follow a path that’s proven to work.
There’s no need to reinvent the wheel. 🛞
Learn what works and apply it in your business. 💯💪

10/25/2022

During the past couple of years, the housing market has been red hot and buyers often had to pay well above the asking price to have their offer accepted. Additionally, the transaction was all on the seller's terms. And while the housing market is still strong today, it has cooled off, giving buyers the opportunity to negotiate better price and terms.

Although buyers have more negotiating power today, mortgage rates have risen. One way to navigate through this time is to use a program called a 2/1 buydown, which offers lower interest rates for the first couple of years. Instead of negotiating a lower price from the seller, you can request the seller to pay the cost of a 2/1 buydown. This gives you the opportunity to get the home of your dreams at a payment that is much more affordable, with the opportunity to refinance in the future to a very attractive rate.

If you’re thinking about purchasing a home or in the process of doing so, reach out to me today to learn more about the 2/1 buydown.

Address

770 S Burlington Boulevard
Burlington, WA
98233

Telephone

+14253226726

Website

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