1st Class Mortgage Group, LLC

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Louisville, KY
1st Class Mortgage Group, LLC

Mortgage Broker serving Kentucky, Indiana, Georgia, Florida, Virginia, Colorado, Tennessee & North Carolina. NMLS's 1789100/1580128.

NMLS Consumer Access: www.nmlsconsumeraccess.org

09/02/2026

🏠 MORTGAGE TERM OF THE WEEK: MORTGAGE RECAST

Have you ever wondered if there’s a way to potentially lower your monthly mortgage payment without refinancing your entire loan?

That’s where a mortgage recast may come in.

A recast generally happens when you make a substantial payment toward your mortgage principal. Your remaining balance can then be re-amortized, which may result in a lower required monthly principal-and-interest payment.

💡 But here’s the important part: A recast is not available for every loan, and whether it’s an option depends on your specific mortgage, loan program, and lender/servicer requirements.

So if you’ve recently received a large sum of money, sold another property, received an inheritance, or simply have extra funds you’d like to put toward your mortgage, it may be worth asking whether a recast is an option for you.

Mortgage terms don't have to be confusing. Save this post for later!

📍Serving Kentucky homebuyers and homeowners, including Louisville, Lexington & Bowling Green.

09/01/2026

🚩 4 things that can cause extra questions during mortgage underwriting

Underwriting is all about verifying the information used to qualify you for your mortgage.

Sometimes, something that seems completely normal to you can lead to additional questions or documentation.

Here are 4 common examples:

🚩 1. Large or unexplained deposits
Your lender may need to verify where the money came from.
🚩 2. Taking on new debt
A new car loan, credit card balance, or other debt can affect your overall financial picture.
🚩 3. Changes in employment or income
A job change, reduced hours, or other income changes may require additional documentation.
🚩 4. Making a large purchase
Buying a car or making another major purchase before closing can affect your available assets and debt obligations.

So how do you clear the red flags?

👉 Don't hide them. Communicate with your loan officer.

If something changes during your mortgage process, tell your mortgage professional before making assumptions about whether it will be a problem.

A question early is usually better than a surprise later. 🏠

Every borrower and loan program is different. Specific documentation and requirements vary based on your situation.

08/27/2026

Happy International Dog Day! 🐾

Today we're taking a break from mortgage talk because let's be honest...
A house feels like a home when your best friend is there to greet you at the door. ❤️

Whether your pup loves running around the backyard, going on neighborhood walks, or claiming the best spot on the couch, they make every home a little more special.

📸 Drop a picture of your dog in the comments and tell me their name! I can't wait to meet them.
(Yes, office dogs and grand-dogs count too! 🐶)

08/26/2026

One of the biggest misconceptions about buying a home is that it's just you and your lender.

In reality, there's a whole team working behind the scenes to help move your loan from application to closing.

Knowing who does what can make the process feel much less overwhelming—and you'll know exactly who to reach out to when questions come up.

💬 Before today, which role were you least familiar with?

08/25/2026

When you're choosing a mortgage professional, you're choosing more than someone to help with paperwork.

You're choosing someone to guide you through one of the biggest financial decisions you'll make.

These are the four values that guide every conversation and every recommendation we make:

🤍 Honesty – We'll always be upfront, even when the answer isn't what you expected.
📚 Education – We want you to understand your options so you can make confident decisions.
💬 Communication – You'll never have to wonder what's happening next. We're here to answer your questions along the way.
🤝 Integrity – Your goals come first. If the right move is to wait, we'll tell you. If you're ready now, we'll help you move forward with confidence.
Our goal isn't just to help you get to closing day—it's to make sure you feel supported throughout the journey.

💬 Which of these values matters most to you when choosing someone to work with?

08/24/2026

Sometimes we only celebrate the big moments.

Getting the keys.
Moving in.
Closing day.

But the small wins matter too.

The first time you check your credit.
The first time you create a budget.
The first time you ask a lender a question.

Those moments are part of the journey.
Take a second today and recognize how far you've come.

👇 What's one win you're celebrating this month?

08/20/2026

Nashville is known around the world as Music City, but there's so much more to love than just the live music.

Whether you're visiting for the weekend or thinking about putting down roots, it's a city full of energy, unique neighborhoods, incredible food, and beautiful parks.

Here are just a few reasons people love Nashville:
🎶 Live music around every corner
🍗 Iconic local food
🌳 Gorgeous parks and outdoor spaces
🏡 Neighborhoods with their own personality
✨ A city that's constantly growing while keeping its Southern charm

Helping families find the right place to call home means getting to know the communities they want to be a part of—and Nashville is definitely one worth exploring.

👇 If you've been to Nashville, what's one place you'd recommend everyone visit?

08/19/2026

🎒 Class is in session!
No Googling! 😄
Let's see how well you know the homebuying process.
✅ ANSWER KEY
1️⃣ Fact
Changing jobs during the mortgage process isn't always a deal breaker, but it can affect your loan depending on your situation. Always talk to your lender before making a career change.
2️⃣ Fact
Gift funds can often be used toward your down payment, but there are guidelines for documenting where the funds came from. Every loan program is a little different.
3️⃣ Fiction
Even if you're approved, financing a new car (or taking on other new debt) before closing can affect your loan. Always check with your lender before making a major purchase.
4️⃣ Fiction
Loan programs, interest rates, fees, and service can vary from lender to lender. It's worth understanding your options instead of assuming they're all the same.

🎓 How many did you get right? Let me know your score below! And if there's a mortgage topic you'd like to see in our next lesson, drop it in the comments.

08/18/2026

If I could tell every future homebuyer one thing, it would be this:

You don't have to be "ready" to start asking questions.
A lot of people wait because they think they need:
✔ A perfect credit score
✔ A huge down payment
✔ The perfect interest rate
✔ Every document organized

The truth?
Sometimes the smartest first step is simply having a conversation.
Whether you're planning to buy in three months or two years, understanding your options today can help you prepare for tomorrow.

There's no obligation to ask questions—and sometimes one conversation can give you the clarity you've been looking for.

💬 If you could ask a mortgage broker anything, what would it be?

08/17/2026

One of the biggest things I hear from future homeowners:
"I need to get everything perfect first."
Perfect credit.
Perfect savings.
Perfect timing.

But here's the thing:
Most homeowners didn't start with perfect circumstances. They started with a plan. A conversation. A goal. A first step.

The best way to know where you stand is to understand your options.
Knowledge creates confidence.

👇 What is one thing you've been waiting to feel ready for?

Address

9920 Corporate Campus Drive Suite 2600
Louisville, KY
40223

Website

http://www.1stclassmtg.com/

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