Phil Karam - Senior Loan Officer - NMLS 684452 Movement Mortgage

Phil Karam - Senior Loan Officer - NMLS 684452 Movement Mortgage We exist to love and value people by leading a
Movement of Change in our Industry, Corporate
Cultures and Communities. Phil D. Karam, NMLS #684452

FREEZE! 🥶 (Your rate, that is.) A rate lock freezes your interest rate quote for a specific period (typically 30, 60, or...
02/01/2023

FREEZE! 🥶 (Your rate, that is.) A rate lock freezes your interest rate quote for a specific period (typically 30, 60, or even 90 days) so you can estimate exactly what your closing costs and your monthly payments will be. Let your loan officer know you’re interested in a locked rate so they can proactively call you when they feel the timing is right! 🔒

Buying in a high-priced area? Depending on the price of the home you're looking at, a standard conforming loan limit mig...
01/23/2023

Buying in a high-priced area? Depending on the price of the home you're looking at, a standard conforming loan limit might not offer you enough financing. Jumbo loans are non-conforming and can offer financing options with a higher limit! Talk to a loan officer to find out if a jumbo loan might be a good option for you.

The 3 Cs! You know, cut, color, carat...oh, wait. Wrong Cs. 💎 When you apply for a mortgage, an underwriter will evaluat...
01/20/2023

The 3 Cs! You know, cut, color, carat...oh, wait. Wrong Cs. 💎 When you apply for a mortgage, an underwriter will evaluate your credit and payment history, income and assets, then categorize their findings into the 3 Cs.⁣
⁣
Capacity: Your ability to repay a loan by comparing your monthly gross income against your total monthly recurring debts.⁣
⁣
Credit: A combined credit report from the three national credit reporting agencies.⁣
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Collateral: Here, the lender orders an appraisal to verify the home’s value, and then determines a loan-to-value ratio (LTV).

Yes, you want a good school system for your kiddos. But did you know school districts have an impact on property value? ...
01/10/2023

Yes, you want a good school system for your kiddos. But did you know school districts have an impact on property value? The higher a school district's scores, the higher the home value in that area. An A+ in education means an A+ in home value! 🤓

Don't do it! The length of time you have credit in good standing is a key factor used to calculate your credit score, an...
12/20/2022

Don't do it! The length of time you have credit in good standing is a key factor used to calculate your credit score, and if you close an account, all that credit history is wiped from your report. That'll impact your credit profile, which might change your rate or cause delays.

🔥🔥🔥..Thank you Starr for your kind words. It was my pleasure working with you. I hope you enjoy your new home for many y...
12/15/2022

🔥🔥🔥..Thank you Starr for your kind words. It was my pleasure working with you. I hope you enjoy your new home for many years to come!. 💯❤️

🔥🔥🔥....I have been asked by several business partners for market updates from a rate perspective. I hope this helps with...
12/12/2022

🔥🔥🔥....I have been asked by several business partners for market updates from a rate perspective. I hope this helps with an idea of where the market currently is. Please let me know what else we can assist with. Thank you and make it a wonderful day!!

Address

2800 Corporate Exchange Drive, Suite 120
Columbus, OH
43231

Telephone

+16145193337

Website

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