Michele Schambough: First Horizon Mortgage NMLS #419373

06/11/2026

5.0 star review received on Experience.com for Michele Schambough by Katherine M R - Michele was always so on-top of everything and always had time for me if I had a question about anything. This was my first time buying a house and I am so happy Michele was there to explain everything and help me through it!

Click to see all 121 reviews of Michele Schambough, Mortgage Loan Officer

06/09/2026

A good banker isn't there to sell you the biggest loan you qualify for, they're there to help you make an informed decision so you can find a home you love and can afford.

A conversation with a First Horizon banker is more than just a discussion about loan products, it's a dialogue about your life.

Contact me today, and I can help you build a mortgage plan that aligns with your life.

06/09/2026

5.0 star review received on Experience.com for Michele Schambough by Koby P - Michele was always available to answer questions and reassure us throughout the process!

Click to see all 120 reviews of Michele Schambough, Mortgage Loan Officer

06/02/2026

Confused by your mortgage preapproval number?

The number is determined by your debt-to-income ratio (DTI). Most conventional lenders approve borrowers with a DTI up to 43%, though some may allow higher.

Your DTI threshold reflects the maximum risk a bank is willing to accept. It’s not financial advice or a recommendation. It’s merely a standardized metric intended to protect the lender's investment.

Unfortunately, this calculation doesn't account for real-life expenses such as, childcare, travel, emergency fund, retirement savings, etc. Your goal is to find the number that actually works for your life.

Read more about how to calculate your SWAN number: https://bit.ly/4u6Tybp

Need some help? Connect with me today.

05/29/2026

5.0 star review received on Experience.com for Michele Schambough by Mary B L - MICHELE is Great!!! She guided us through the entire process...twice! Aquiring this second home was a dream of ours, & through her hard work, professional expertise, & commitment we got there!! There were quite a few hiccups along the way, but Michele walked us through each & every one. My husband & I communicated with her daily, oftentimes more than once, and after hours. She always responded immediately, and provided answers or direction that we needed to proceed with the purchase of the home.
Michele is extremely client focused, dedicated to her work, professional, & personable! We feel very fortunate to have had the opportunity to work with her and definitely plan to reach out to her if we need her services. We also will hoghly recommend Michele to anyone we know who is looking for a loan and an experienced and trusted advisor. Michele is amazing, & we sincerely Thank her for holding our hands to get through the process!

Click to see all 118 reviews of Michele Schambough, Mortgage Loan Officer

05/29/2026

Mortgage rates remain a key factor for homebuyers and homeowners. Recent coverage highlights how rate movement can affect monthly payments, refinancing decisions, and the spring housing market.

If you are considering a purchase or exploring a refinance, now is a good time to review your budget, compare options, and get prequalified so you can act confidently when the right home appears.

What strategies are you using to navigate today’s rate environment, and what information would help you feel more prepared?

The average rate on a 30-year fixed mortgage rose this week to 6.38%, according to the latest Freddie Mac data released Thursday. That is up from last week's reading of 6.22%.

05/29/2026

5.0 star review received on Experience.com for Michele Schambough by Ricky G L - Michele was wonderful . She worked tirelessly to make sure our loan process went as smoothly as possible. Her work ethic is off the charts

Click to see all 117 reviews of Michele Schambough, Mortgage Loan Officer

05/26/2026

Qualifying for a large mortgage doesn't always mean you should take it on.
At First Horizon, we can help you determine your SWAN number, the mortgage amount that ensures you Sleep Well At Night.

Learn more about how to find a payment that will fit within your lifestyle: https://bit.ly/4u1qJgC

Need guidance on calculating your SWAN number? Send me a message, and let's discuss.

05/22/2026

NAHB reports builder sentiment edged higher, signaling cautious optimism in homebuilding. Yet affordability challenges continue to weigh on buyers as rates, costs, and inventory pressures persist.

For clients considering a new build or purchase, staying informed and exploring financing options can make a difference in this evolving market.

What trends are you seeing in your community, and how are affordability factors shaping your plans?

Builder sentiment inched up in March even as builders continue to express affordability concerns stemming from elevated construction costs and shortages of buildable lots and labor.

05/15/2026

Smart tax planning can help you keep more of what you earn.

This CNBC article explores practical ways to maximize wealth through thoughtful tax strategies, from optimizing retirement contributions to tax efficient investing and charitable giving. Reviewing your plan early can uncover new opportunities before year end. Everyone’s situation is different, so consider consulting a qualified tax professional.

What strategies are you exploring this year to make your money work harder?

Building and protecting your wealth is more than just making smart investment decisions. Tax planning is also essential.