MortgageRight- Scott Phillips

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MortgageRight- Scott Phillips Your one stop local mortgage shop for all things mortgage related. Let see how we can help YOU! Mortgage Right Corporation is an Equal Housing Lender
NMLS #12007

NMLS 2239
Personal NMLS 1023362
727-244-1963
Equal Housing Lender
https://nmlsconsumeraccess.org/
https://scottphillipsmortgage.com/ With 9+ years' experience, Multi-Platinum and Multi Diamond producer awards for 2018-2022, we can help either get you the home of your dreams, vacation home, or refinance your existing mortgage to better your needs. We strive to make the process as smooth as possible and plan on building lasting relationships with not just our clients, but our referral partners as well.

Here’s something I see trip up buyers all the time: the monthly payment you’re picturing usually doesn’t include propert...
10/15/2026

Here’s something I see trip up buyers all the time: the monthly payment you’re picturing usually doesn’t include property taxes.

Taxes vary a lot depending on where you buy, and they can go up after you’ve moved in. So before you fall for a house, look up what the taxes are. It can change what you’re comfortable paying each month.

Thinking about buying in the next few months? Call or text me and we’ll figure out your real number.

Scott Phillips | Branch Manager
MortgageRight | NMLS #1023362
📲 727-244-1963
đź“§ [email protected]

Tuesday Mortgage Tip: Don’t Wait for the Perfect Rate!Waiting for lower rates may seem smart, but if rates drop, more bu...
10/13/2026

Tuesday Mortgage Tip: Don’t Wait for the Perfect Rate!

Waiting for lower rates may seem smart, but if rates drop, more buyers could enter the market, increasing competition and home prices!

Buying now may give you more negotiating power, including opportunities for seller-paid closing costs or a temporary rate buydown. And while you may be able to refinance later, you can’t change the price you paid for your home.

The right time to buy is when the numbers fit your goals…not necessarily when rates are at their lowest.

📲 Let’s run the numbers and explore your options!

Scott Phillips | Branch Manager
MortgageRight
📞 727-244-1963
NMLS #1023362

We love what we do because it’s about so much more than mortgages.Every day, we get the opportunity to help families fin...
09/20/2026

We love what we do because it’s about so much more than mortgages.

Every day, we get the opportunity to help families find a place to call home, build equity, create stability, and invest in their future through homeownership.

But building a stronger community goes beyond the front door.

We recently had the opportunity to sponsor Mayhem Baseball out of Decatur, Tennessee, for their Fall/Spring season, and we couldn’t be more excited to support these young athletes!

Sponsorships like this help provide uniforms, cover team and tournament fees, and give these kids opportunities to compete, grow, and learn lessons that extend far beyond the baseball field.

Teamwork. Discipline. Accountability. Hard work. Leadership.

These are the same values that help build strong families, successful communities, and bright futures.

For us, it’s not just about helping people buy homes. It’s about investing in the families who live in them and supporting the next generation who will shape our communities for years to come.

We’re proud to support Mayhem Baseball, proud to support our local communities, and grateful that what we do gives us the opportunity to give back.

⚾ Building homeownership today. Supporting tomorrow’s leaders.

The Right Mortgage, the Right Way.

Mortgage myths you should know!
09/19/2026

Mortgage myths you should know!

09/04/2026

🏠 Heads up if you're counting on rental income to qualify for a mortgage as Fannie Mae just changed the rules.

I wanted to get this in front of you before you start house hunting, because it could impact your numbers.

Fannie Mae is tightening up how rental income can be documented and used when you're qualifying for a conventional loan. Here's the breakdown:

Short-term rentals: If you're using income from a short-term rental (think Airbnb-style), expect more documentation and a more conservative approach to how that income gets calculated.

Turning your current home into a rental: Planning to buy a new primary residence and rent out your current one? A signed lease alone may not cut it anymore. Lenders will likely also look at market rent data, your reserves, and there may be caps on how much of that rental income can offset your existing mortgage payment.

Recently bought investment properties: If you picked up an investment property within 45 days of financing your home, there are now standardized requirements you'll need to meet.

Lease requirements got stricter: Minimum lease terms, proof the lease is actually in effect, and tighter restrictions if you're leasing to family or anyone else with a personal connection to you.

What this means for you: Rental income can still work in your favor — but the property type, your rental history, lease terms, reserves, and paperwork are all going to matter more than before.

If you currently own a rental, or you're thinking about renting out your existing home after your move, let's talk before you make an offer.

****Some lenders may already be applying these guidelines, and they become mandatory for any loan application dated November 1, 2026 or later****

Not sure how this affects your buying power? Reach out — let's map out your specific situation before you start shopping.

Scott Phillips
Branch Manager | MortgageRight
📱 727.244.1963
đź“§ [email protected]
NMLS #1023362 | Company NMLS #2239

Let’s tap into that equity! Got debt? Want a pool? Don’t want to lose your low rate? We have options!
08/28/2026

Let’s tap into that equity! Got debt? Want a pool? Don’t want to lose your low rate? We have options!

I can say not every transaction is a breeze. A lot of deals have hurdles and unexpected surprises that can come from all...
08/25/2026

I can say not every transaction is a breeze. A lot of deals have hurdles and unexpected surprises that can come from all different angles, but sometimes it’s a simple process!

When you hear “mortgage payment,” it’s easy to think it’s simply the price of the house divided into monthly payments. T...
08/20/2026

When you hear “mortgage payment,” it’s easy to think it’s simply the price of the house divided into monthly payments. There’s actually a little more to it.

Your monthly payment can include principal, interest, property taxes and homeowners insurance. Depending on the type of loan, mortgage insurance may also be part of the equation. That’s why two homes with the exact same purchase price can have two very different monthly payments.

When I’m helping someone look at financing, I want them to understand the whole number, not just the interest rate or purchase price. The goal isn’t simply to qualify for a house. It’s to find a payment that makes sense for you.

Have questions about what your payment could look like? Give me a call. I’m always happy to run the numbers.

Scott Phillips
MortgageRight
727-244-1963
NMLS #1023362

I hear it all the time: “I’m waiting for rates to come down before I buy.”But here’s the thing—the housing market isn’t ...
08/15/2026

I hear it all the time: “I’m waiting for rates to come down before I buy.”

But here’s the thing—the housing market isn’t waiting.

Homes are still selling, buyers are still making moves, and there are opportunities in today’s market. You don’t necessarily need the lowest rate to make buying a home a good decision. You need the right home, the right payment, and a mortgage strategy that makes sense for you.

And if rates improve down the road? We can always look at whether refinancing makes sense.

If buying a home has been on your mind, your first step isn’t finding a house—it’s finding out what you qualify for and what the numbers actually look like.

Let’s get you preapproved and ready when the right house comes along.

A common misconception is that you need perfect credit to buy a home. The reality? Different loan programs have differen...
08/14/2026

A common misconception is that you need perfect credit to buy a home. The reality? Different loan programs have different credit requirements, and your credit score is just one piece of the puzzle. Lenders may also consider your income, debt, employment history, down payment, and overall financial picture when evaluating your loan options. Have questions about your situation? Send me a message. I’m happy to help you understand your options!

Address

Services Available In:
Chattanooga, TN
37402

Opening Hours

Monday 8:30am - 7pm
Tuesday 8:30am - 8pm
Wednesday 8:30am - 8pm
Thursday 8:30am - 8pm
Friday 8:30am - 8pm

Telephone

+14234647131

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