Patrick Edmondson, Loan Officer, NMLS# 220567

06/19/2025

06/04/2025

Homes hitting the market are move in ready

03/14/2025

What is a DSCR Loan?
A DSCR loan is a type of mortgage for real estate investors that focuses on the property’s ability to make money rather than your personal income. 🏠💸

How it works:

The lender checks how much money the property earns from rent 🏘️💵 compared to how much you owe on the mortgage 💳.
They want to see if the property can cover the loan payments ✅💰.
A higher ratio means the property is doing well at covering the loan 🎯💸.
Key Features:

No need to prove personal income 🛑💼
Great for investors with complex finances 🧑‍💼💡
Might need a bigger down payment 💰
Could have higher interest rates 📈💸

03/09/2025

💸 THE MORTGAGE TRAP COSTING YOU THOUSANDS

🏡 One thing I've noticed buyers get wrong about mortgages: they only focus on the interest rate 📉 but forget about the fees 💵 that come with it.

🔢 Example:

Lender A: Offers 6.750%
Lender B: Offers 6.250%
Looks like Lender B is better, right? 🤔 Your payment could be about $160 lower 💰.

BUT… when you dig deeper 🔍, Lender B is actually charging ‘two points’ (💸 that’s an extra $10,000 in closing costs! 😱).

Now, this might be worth it ✅ or maybe not ❌—especially if you're unsure how long you'll keep the loan ⏳.

03/04/2025

💡 Mortgage Hack That Lowers Your Payment Without Refinancing! 💰

Ever heard of a RECAST? 🤔 The banks don't talk about it, but it can save you hundreds every month without changing your rate! 🏦💵

Here’s how it works:
1️⃣ Make a big payment towards your principal (think $20k+ 💸)
2️⃣ The bank recalculates your payments based on the new balance 🧮
3️⃣ Your interest rate stays the same ✅
4️⃣ Small $250 fee 🔑

Example:

💵 Mortgage: $400k at 3.5%
💰 Pay down $50k towards principal
📉 Monthly payment drops by $225
No credit check ✅, no appraisal ✅, no closing costs ✅.
Perfect if you:

Have a great rate already 🏡
Get a big bonus 💰 or inheritance 🏠
Sell another property 🏠 and want a lower payment 💸
Follow for more mortgage and real estate tips you won’t hear anywhere else! 💡

02/27/2025

When you're a seasoned mortgage pro, but the housing market still throws you curveballs. 🏠💥 "

01/16/2025

Should I buy now? Call me so we can design a customized mortgage plan that fits you and your family's needs.

Today's Market Summary Report

12/28/2022

Start your homeownership journey with a 2% lower interest rate! The 2-1 Buy Down Mortgage Product provides the opportunity for homeowners to temporarily lower the interest rate during the first two years in exchange for an upfront additional fee. This loan program is favorable in a higher interest rate environment because it enables lower monthly payments during the first 2 years. Restrictions apply, contact me to learn more: https://bit.ly/33rN7JE

12/26/2022

Thank you so much, Matthew! I am happy to hear you had such a positive experience working with me!