Home Loan Logics

04/02/2024

Hey mortgage shoppers! I get the response a few times per year from a potential client- "I'm just going to use my bank" when talking about mortgage options and rates.

95% of the time buyers or those looking to refinance are going to get a better program from a wholesale broker. Better rates, better pricing, and a lot of the time better service. If you're looking for a broker to work with, then look no further. All brokers are not the same and I can help you to find the best to suit your needs. PM for more information and to set up a quick call.

What arecsome additional benefits to working with a broker?

1️⃣ Options Galore: Brokers aren't tied down to one lender. They've got a deck stacked with options, giving you more flexibility to find the perfect fit for your financial situation.

2️⃣ Save Time, Skip Hassle: Say goodbye to endless applications! Brokers handle the legwork, tapping into their network to find the best rates and terms, saving you precious time and headaches.

3️⃣ Expert Guidance: Brokers are your personal mortgage gurus. They'll guide you through the process, decode the jargon, and help you navigate the maze of mortgage options with ease.

4️⃣ Negotiation Ninjas: Brokers are seasoned negotiators, wielding their expertise to snag you the sweetest deals. Whether it's lower rates or waived fees, they've got your back.

5️⃣ Tailored Solutions: Your financial situation is unique, so why settle for a one-size-fits-all approach? Brokers craft custom solutions tailored to your needs, ensuring a mortgage that fits like a glove.

03/19/2024

Hello NC and HELLO 1st day of Spring!

On Friday The National Association of Realtors (NAR) reached a settlement in a lawsuit regarding agent compensation policies and home listing requirements.

The settlement is subject to court approval. If approved, changes will go into effect in mid-July 2024.

What are current practices?

The NAR currently requires home sellers to pay commissions to both their own agent and their buyer's agent, using a model of 5% to 6% total commission paid.

Selling agents must list homes on the NAR's Multiple Listing Service (MLS) and show the amount the buyer's agent will earn from the sale.

The major changes include:

* The seller will no longer automatically pay both agents, though they can choose to do so.
* The amount the buyer's agent will make from a sale will no longer appear in MLS descriptions.
* Sellers and buyers will have more flexibility in their negotiations, which could result in lower commission costs and lower home prices.

How will the changes impact the process?

Sellers can still negotiate the commission they pay, and they may be able to secure a lower cost. They can agree to pay commission for the buyer's agent, but it's not required.

Buyers can negotiate both the commission they will pay and how they will pay it, whether out of pocket or through other avenues.

The bottom line is that buyers and sellers will still compensate agents for the many services they provide, and these fees will be negotiable, like always.

Your agent and I will stay up on any changes that may occur before court approval. Please reach out with any questions or concerns, and we'll be happy to assist.

03/15/2024

Hey NC! Rates are creeping higher again and there’s new data suggesting that we may stay in the 7’s for quite a while this year.

🌟🌟It pays to shop around🌟🌟

🔍 Why? Because not all mortgages are created equal! Interest rates, fees, and terms can vary widely from lender to lender. Taking the time to compare offers can save you thousands of dollars over the life of your loan. Don’t go with the first lender recommended to you (even if it’s me!).

💡 Tips for Shopping Smart:

🌟 Compare Rates: Don’t just look at the interest rate. Consider the APR, which includes fees and other loan costs.

🌟 Understand Terms: Fixed or adjustable? 15 years or 30? Make sure you know what works best for your financial situation.

🌟 Check Reviews: A lender’s customer service can be as important as their rates. Read reviews and ask for recommendations.

🌟 Negotiate: Yes, you can negotiate your mortgage terms. It never hurts to ask for a better rate or lower fees.

🏡 Services you can shop for when buying a home 🏡

1. Real Estate Agent

2. Lending Options

3. Title Company

4. Neighborhood

5. Homeowner’s Insurance

6. Home Inspector

7. Movers

Bring me 2 or 3 quotes from other lenders and if I cannot beat them then I’ll be the first to tell you who is putting your best interest ahead of their own. Call, Message, or Email to get the ball rolling!

03/13/2024

Good morning NC! If you're tired of being told that you don't qualify for a mortgage because of your "non-traditional" income, give me call and lets dive into the bank statement only mortgage program.

We believe in you and your unconventional success. Now let's get you home!

03/06/2024

Attention North Carolina renters and first time home buyers! There are many programs available to help you with a new home purchase.

Why pay someone else’s mortgage when you can pay your own and start building equity for yourself and family? Message me with your email to receive a free link to my “rent vs. own” calculator. When we get you pre-approved I can even set you up with a reputable local realtor.

02/24/2024

If you're in the market for a new home near Fayetteville check out this new listing from Brittany Mitchell with Townsend Real Estate.

Nestled in the heart of Hope Mills, this stunning 3-bedroom, 2-bathroom home offers the perfect blend of comfort, style, and convenience, just a stone’s throw from Fayetteville. Boasting a generous living space, this property is an ideal haven for families or anyone looking for a blend of modern living with the charm of Southern hospitality.

Listed at $219,900 Hope Mills is 29% lower than the national average for housing expenses. Excellent opportunity for a first home, empty nesters interested in downsizing, and even investment property opportunities.

If you'd like to check into financing please feel free to PM or email me. Our pricing is rarely undercut, and we'll cover the appraisal.

Email: [email protected]

🚨𝗡𝗲𝘄 𝗟𝗶𝘀𝘁𝗶𝗻𝗴🚨
🏡Brightmoor
📌5715 La Costa Drive - Hope Mills, NC 28348
🛌3 Bedrooms 🛁2 Bathrooms 📐1,300+ Sq Ft.

**SHOWINGS START SATURDAY 2/24/24** Welcome to this meticulously maintained 3-bed, 2-bath ranch-style home, where modern convenience meets timeless charm. Nestled in a serene neighborhood that offers easy access to shopping, dining, and entertainment, with the added advantage of being close to Fort Liberty and a quick drive to Raleigh. The interior boasts an updated living space with elevated finishes, a kitchen equipped with newer appliances replaced in 2021, and luxurious bedrooms, including a master suite with a private bath and ample closet space. The thoughtful layout & large windows ensure each room is bathed in natural light, creating a warm and inviting atmosphere throughout. Step outside to enjoy the newly constructed deck, perfect for entertaining or relaxing evenings under the stars. The home is equipped with a brand new HVAC system: 2/17/2024, roof is 2 years old, hot water heater replaced 2021, & the windows have been replaced as well. Schedule your showings today!

For more pictures & information:
https://bmitchell.townsendrealestate.com/p/5715-La-Costa-Drive-Hope-Mills-NC-28348/dmgid_167027630?oid=64400000&

Listed by:
Brittany Mitchell
(901)-574-9821

02/22/2024

The cost of homeownership is lower than it looks! Today’s higher rates mean higher payments, but there’s a lot more to consider. Watch the video to see how homeowner benefits can offset the price of payments. We have programs to help you into a home in any rate environment, so please let me know if you’re ready to make a move. Lendmire is an Equal Housing Lender.

See how the cost of owning your home is lower than the payment you make!

02/17/2024

There's two things I'm sure of here on the Outer Banks (and all of NC)-

#1 if you want the best mortgage pricing and service you reach out to me.

#2 if you want the best ramen (sushi & Thai too) you go to Bangkok Thai-Sushi Duck, NC in Duck.

02/16/2024

Hello friends near and far. Just stopping in to share some beach time this morning and to let you know that I'll be available all weekend if you're mortgage shopping and need a quick quote. We are NC centric and can assist with all things mortgage related and will not be beat by retail lenders (your bank) or credit unions. Message or call to get the conversation started!

02/15/2024

Good morning friends,

Two prime lots open and ready for construction in Nags Head. Costal Villas looks to strike a great balance with it's proximity to the ocean and convenience of being close enough to all the action. Choose your own builder, and let Lendmire Mortgage help you from inception to settlement. We have amazing construction loans with pricing and programs that you'll not find with the banks or credit unions. I also have connections with some of the top builders and contractors on the beach.
Pm me for more information!

Edith Rowe is a Real Estate agent for Brindley Beach Vacations & Sales in Corolla, NC

02/13/2024

Good morning everyone,

📈 Today's CPI Report Unpacked 📊 - 2/13/24

The latest CPI report is stirring up quite the conversation around inflation and what it means for us moving forward.

Here's the scoop:
Inflation isn't slowing down as much as expected which signals to the Fed that easing up on interest rates might not be on the immediate horizon. What does this mean for you and me? Well, for starters, those dreaming of lower mortgage rates might have to wait a bit longer. 😬

The Fed's cautious approach suggests that they're not rushing to slash interest rates aggressively. This is crucial because lower interest rates can stimulate spending and investment but can also fuel inflation if done too hastily.

So, what about buying a home or refinancing? 🏠 With the Fed taking a slow-and-steady approach, mortgage rates might hold steady or even inch up before they come down. It's a bit of a waiting game.

For those in the market, it's essential to stay informed and prepared. Rates are still relatively low in a historical context, but timing will be everything as we navigate this uncertain financial landscape. Keep in mind that in most markets home values are not coming down. Even though rates may tick up the price of homes is doing the same. We can always get you into a new home and monitor the market as rates improve and refinance if and when the time comes and it make sense.

Call or email me today if you're shopping around and would like a quote. Certainly reach out to me if you're just starting out and haven't spoken to a realtor yet! We lend all over North Carolina.

📱 PH: 252-722-2578
📧 Email: [email protected]
📲 Apply: https://www.lendmire.com/denniswalter

US consumer prices rose in January. The core consumer price index increased by 0.4% from December, more than expected and the most in eight months. Bloomberg...