Dave King, SWBC Mortgage

01/25/2024

Fannie Mae now predicts mortgage rates dipping below 6% in 2024, anticipating a stronger housing market rebound than originally anticipated!

"The outlook for both short term rates and mortgage rates is now decidedly lower than what we had previously forecast."

11/14/2023

🏡 Have you been dreaming of owning a home, but need help coming up with the down payment? With the Homeownership Expansion Loan Program (HELP), SWBC Mortgage will provide a grant for 2% of your down payment and you contribute only 1% of your down payment! 🎉

09/14/2022

I am thrilled to announce that for the 12th consecutive year, I have earned the President’s Club honor for 2022! The President’s Club designation is reserved for loan officers who achieve the highest level of excellence with SWBC Mortgage. Our company has been lending in local communities for over 30 years, and their solid foundation has allowed me to build more meaningful relationships with my customers and referral partners. Even in uncertain times, we stand strong and continue to thrive. Thank you to my team members and my customers for being a part of this journey and helping me earn this honor!

09/14/2022

I have BIG news for buyers and homeowners! The Federal Housing Finance Agency (FHFA) typically announces the new conforming loan limits each year around Thanksgiving. This year is no different. However, in anticipation of the increase in the conforming loan limits, we will begin accepting loan applications and closing loans up to $715,000 starting NOW!! Buyers may be able to borrow more money through a conventional, typically lower-rate loan and homeowners looking to refinance their jumbo loan to a lower rate conforming loan have options! Reach out if you, or anyone who know, can take advantage of this higher loan limit!

08/13/2022

Offering a quick closing is our last tip for homebuyers shopping in a competitive market. Getting to closing quickly is usually an attractive offer for sellers. An increasingly common practice for buyers is to waive an initial appraisal. In this case, if you’re financing the property and you offer more than the eventual appraisal, you, as the buyer, will agree to pay the difference in cash at closing. It can be a valuable move but it's not for all buyers. So contact our branch today to understand this and other tactics that could better help your offer get accepted.

08/11/2022

Our next tip for home buying in a hot market is to sweeten your offer beyond just the asking price. For example, some sellers are also waiving contingencies, like home inspections. Waiving or creating contingencies can be complex, so it’s important to work with experienced loan officers and realtors. Contact our SWBC Mortgage branch today to learn more or to receive an agent referral.

08/09/2022

As we continue to help you navigate the hot housing market, consider this: if you’re unable to make an offer higher than the asking price, consider more flexibility in your search. Most competition for properties occurs in a just few neighborhoods. If you're flexible and can live a little further away, you may probably find more affordable housing selling at or below asking prices. Our branch will be glad to recommend several experienced agents who can help you refine your search. So contact us soon.

08/07/2022

As we continue our series on “Navigating the Hot Housing Market”, here’s our next tip: work with an experienced real estate agent. The current competitive housing market is unfolding too quickly for do-it-yourself homebuyers. Need an agent referral? Contact our branch and we’ll be glad to provide you with a list of realtors who know your target neighborhoods and the inventory.

08/05/2022

Preapproval is the next in our series on “Navigating the Hot Housing Market”.

Supply and demand continue to create a very competitive purchase market. So, before you ever consider making an offer, get preapproved for a mortgage, which is more important than ever. Preapproval helps you better understand your current financial status with no requirement to purchase a home or use a particular loan program. A preapproval helps all homeowners get better prepared for their house search. SWBC Mortgage can help you begin the preapproval process, so contact our branch today!

08/03/2022

The current housing market is a challenge for buyers. With low interest rates and pent-up demand, inventory of existing and new homes has created a challenging market. Follow our series of posts as we help you “Navigate a Hot Housing Market." A great place to begin is to use our mortgage calculator to determine how much home you can afford. Visit this website and in a matter of minutes, you’ll have a snapshot of your homebuying budget before you get preapproval. https://bit.ly/2SD2Znq

08/02/2022

I am excited to announce that I have been recognized as one of Scotsman Guide’s Top Originators for 2022! Big thank you to my team, clients, realtors, and partners! Without you this wouldn’t have been possible!

05/04/2022

Your mortgage rate is safe with our Lock & Shop program! Today’s real estate market is extremely competitive, but you shouldn't fear rising interest rates. Our Lock & Shop program allows you to lock in today’s rate with peace of mind while you shop for that perfect home. So don't lose anymore sleep, contact me to lock your rate today! &Shop