Zachary Schell - Statewide Mortgage

Zachary Schell - Statewide Mortgage Loan Advisor @ Statewide Mortgage
Licensed in KY, IN, FL, & OH
Educate | Empower | Execute

Most buyers think wiping out debt before talking to a lender is the responsible move. And the intention? Absolutely righ...
08/24/2026

Most buyers think wiping out debt before talking to a lender is the responsible move. And the intention? Absolutely right. The ex*****on? Not always.
Here’s what many people don’t realize:
Your debt isn’t always the problem. How you manage it is.
Before you use your savings to pay off a balance, a mortgage advisor needs to look at the full picture, because that money sitting in your account? It matters too.
Lenders look at:
- Your debt-to-income ratio (not just the debt itself)
- Your cash reserves after closing
- Your credit utilization, and yes, paying off the wrong account at the wrong time can actually shift your score in ways you didn’t expect
Paying off a balance might feel like a win. But arriving at pre-approval with less savings than you started with can quietly work against you.
Talk to your mortgage advisor before you move any money.
That one conversation could be the difference between a strong offer and a missed opportunity.
💾 Save this before your next buyer consultation or share it with someone who’s about to start their home search.
NMLS: 2190453
📲 502.593.2131

Most people don’t realize that a Conventional Loan with 10% or more as a down payment may be eligible for an appraisal w...
08/21/2026

Most people don’t realize that a Conventional Loan with 10% or more as a down payment may be eligible for an appraisal waiver and in a competitive market, that detail can make a meaningful difference.
Here’s why it matters:
✅ Fewer contingencies can make your offer more attractive to sellers
✅ It can speed up the closing timeline
✅ It removes a common sources of deal uncertainty
For buyers, this is worth a conversation with your mortgage advisor before you submit an offer.
For realtors if this is new information, it may be worth keeping in your back pocket.
The most competitive offers are often built on details like this one.
NMLS # 2190453
📲 502.593.2131

I was scrolling through IG a few weeks ago and one of Teddie Baker posts popped up where he was training a client. It ha...
08/18/2026

I was scrolling through IG a few weeks ago and one of Teddie Baker posts popped up where he was training a client. It has crossed my mind at least a couple times each week since.
Most people don’t realize that the best mortgage conversations have very little to do with mortgages.
They start somewhere different.
“What are you actually trying to build?”
“What does the next five years look like for you?”
“What would make this feel like the right decision, not just a good deal?”
Here’s what I’ve found, and I’d be open to bet you’ve felt this too, when someone understands your goals before they ever look at your numbers, the whole process feels different. Clearer. Less like paperwork and more like a plan.
The application is easy.
The conversation is what actually moves you forward.
If you’re thinking about buying, whether that’s this month or sometime next year, the best first step is a goals based conversation.
NMLS: 2190453
📲 502-593-2131

The $10,000 Rule of Thumb: the quickest way to turn “that’s out of my budget” into a real conversation.Most buyers see a...
08/17/2026

The $10,000 Rule of Thumb: the quickest way to turn “that’s out of my budget” into a real conversation.
Most buyers see a home listed $10–20K above their target and assume it’s off the table. But when you know that every $10,000 in purchase price moves your monthly payment by roughly $65–85, you stop guessing and start making informed decisions.
And before you pour every dollar of savings into a larger down payment it’s worth asking whether that money works harder paying off existing debt, sitting in your emergency fund, or even being invested.
There are two types of buyers in this market: those who react to list prices, and those who understand what those numbers actually mean for their monthly life.
Save this for your next house hunt and share it with your agent, or anyone you know who’s trying to make sense of what they can truly afford.
As always, if you or someone you know is thinking about buying or refinancing I would love to set up a discovery call with them to discuss their goals & options.
NMLS: 2190453
📲 502-593.2131

Let me start by saying this is not me attempting to state that every single person needs to buy a home. For some people ...
08/13/2026

Let me start by saying this is not me attempting to state that every single person needs to buy a home. For some people renting now or for a period of time best fits their goals.
However, across most conversations I have had the last couple years clients have a misconception of what a lower rate will save them. Most people usually think its 1.5-2x more than it actually is.
The recurring number I hear from people waiting is wanting to see a rate that starts with a 5...and to be honest we have had pockets of time where we have been able to accomplish that. But the average rate in 2024, 2025 and thus far in 2026 has been somewhere in the mid 6s.
In this scenario I used $250,000 as the loan amount as that is close to the average loan amount in Kentucky for 2026.
This is why educating clients is so important. It is why a "fees sheet" isnt enough, and asking questions to understand first not just to sell should be our true point of emphasis. We owe it to the people we talk with to help them truly understand the full picture.
If you or someone you know is thinking about or has thought about buying a home and would like to have a goals based conversation to better understand what is available to them I would love to connect!
The rates show in the chart are purely for educational purposes and are not a commitment to lend.
NMLS: 2190453
📲 502-593-2131

In 2026, a pre-approval text and a basic closing costs worksheet isn’t enough.Clients are making one of the largest fina...
08/06/2026

In 2026, a pre-approval text and a basic closing costs worksheet isn’t enough.
Clients are making one of the largest financial decisions of their lives and they deserve to understand every option in front of them before they choose.
That’s why I provide every buyer and homeowner with a Total Cost Analysis. A clear, side-by-side comparison of their loan options that doesn’t just show the numbers, it explains what those numbers mean for their life.
Educated clients make confident decisions.
Confident decisions lead to better outcomes for them, and for the real estate professionals they trust.
If you’re a buyer, a homeowner thinking about refinancing, or a real estate professional who wants their clients genuinely taken care of this is the standard you should expect.
The bar has been raised. Let’s meet it together.
📲 502-593-2131 or shoot me a DM
NMLS: 2190453

Before I ever talk numbers, I want to know your goals. I want to know where you’re headed, what matters most, and what t...
08/03/2026

Before I ever talk numbers, I want to know your goals. I want to know where you’re headed, what matters most, and what timeline you’re working with. That conversation shapes everything that comes after.
From there, you won’t just get a rate and a monthly payment. You’ll get a total cost analysis. Multiple options, laid out clearly, so you can make a decision that actually makes sense for your life.
Because you deserve to know every number, every fee, and every option available to you. Not just the one that’s easiest to present.
My approach is built on three things:
Educate. Empower. Execute.
For my realtor partners this is the same level of care I bring to every client you trust me with. Your relationship with them doesn’t end at the contract. Neither does mine.
If you or someone you know is thinking about buying or refinancing I'm just a call/text/or DM away!
📲 502-593-2131
NMLS: 2190453

Let me be clear any rate can be a great rate if it best fits your goals as a buyer!Most people spend considerable time c...
08/02/2026

Let me be clear any rate can be a great rate if it best fits your goals as a buyer!
Most people spend considerable time comparing interest rates and almost no time asking about the fees attached to them.
Here’s what a lot of lenders wont educate you on: two lenders can offer the same rate, and one can cost you thousands more to close.
Closing costs aren’t just a footnote. They’re part of the real price of your mortgage.
So before you decide, ask this one question:
“What are the total costs that come with this rate?”
That single question separates a good deal from one that only looks like a good deal. One that could support your goals, or one that is only trying to get you with shock and awe.
I’m here to help you understand the full picture, not just the headline number.
📩 Drop your questions below or send me a message. No pressure, just clarity.
📲 502-593-2131
NMLS: 2190453

Taking a break from the usual mortgage content to wish a very Happy Birthday to my wife, best friend, and biggest suppor...
04/03/2026

Taking a break from the usual mortgage content to wish a very Happy Birthday to my wife, best friend, and biggest support system .schell thank you for loving me, believing in me, supporting me, and always understanding when my phone rings randomly and I have to break away for pre-approval calls. The pets and I are incredibly lucky to have you in our lives, we are better each and everyday because of you, and I can’t wait to see what this next year has in store for you/us!!

If you need help exploring your goals & options with a purchase or a refinance reach out anytime!!
03/02/2026

If you need help exploring your goals & options with a purchase or a refinance reach out anytime!!

Address

10140 Linn Station Road
Louisville, KY
40223

Telephone

+15025932131

Website

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