https://www.mortgageswithchace.com/

Chace Cobb NMLS #2391720, Monroe, GA (2026)

04/08/2024

As someone who is currently buying and selling homes, this is HUGE.

As a seller, having the peace of mind that whoever is buying my home is already a Certified Homebuyer lets me rest easy and know that there shouldn't be any unexpected problems later!

As a buyer, knowing that I'm already certified and pre-underwritten means I'm not worried about issues with underwriting down the road that'll affect my ability to get into our new home!

Realtors, this makes a big difference for your clients no matter what side they're on. There's nothing crazy or difficult about this process - it's just how we do things at Churchill. If you want to explore what this could look like for you and your clients, send me a message!

04/05/2024

Mortgage and homeownership questions? I'm all ears.

As a mortgage professional, I truly enjoy breaking things down in an easy-to-understand way. There are no bad questions here – only opportunities to learn and grow. Whether you need clarity on interest rates, down payments, or the overall process, I'll patiently explain it step-by-step! Leave a comment or message me directly.

My role is to be a supportive guide, ensuring you grasp every detail before making this major financial decision. I believe knowledge empowers, and I'm happy to share my expertise!

This life milestone can feel overwhelming, but you don't have to navigate it alone. Let's work through this together.

04/03/2024

Homeownership is more than shelter and a roof over your head — it's a strategic investment with long-term benefits.

Home prices are consistently rising, making homeownership a key way to build equity and wealth over time.

Understanding the nuances of homeownership is crucial. It's not just about buying a home; it's about securing your financial future. You are building equity.

Yes, a part of your payment goes to the bank in the form of interest. But part of it essentially goes back in your pocket, too!

Discover the wealth-building potential of homeownership—a cornerstone of financial stability and growth. Reach out and let's see what kind of home you can get in!

04/02/2024

🖍️Ready to challenge your crafty side? Get creative this spring with these easy and budget-friendly decor ideas! (Even the kids can help!) 👉Click the link to check them out - https://hubs.la/Q02ryWNd0

03/26/2024

Rate update! In the recent Federal Reserve meeting, the Fed decided to maintain the federal funds rate for the fifth consecutive time. As a prospective buyer, here are three key takeaways that may impact your decision-making process:

First, the federal funds rate has remained steady within the range of 5.25% to 5.5%. It's important to note that this rate isn't directly correlated with mortgage rates, which can vary based on other factors.

Second, there's been a gradual decrease in inflation, albeit with occasional bumps along the way, with a target of around 2%. This trend suggests a relatively stable economic environment.

Last, although the job market is cooling down slightly, it continues to exhibit signs of resilience and strength. This factor contributes to the overall stability of the economy.

If you're considering purchasing a home, it's essential to stay informed about rate fluctuations. Despite occasional changes, home prices are still projected to rise. Experts recommend taking advantage of the current market conditions and purchasing sooner rather than later, especially before inventory becomes more limited.

Home prices are pretty much always going to keep rising, but interest rates move around – that's just what they do. Don't wait to buy a home in hopes that the "market will crash" or that interest rates will hit 2% again. We may never see rates that low again. Buy now while prices are where they are, and then if rates plummet, you could just refinance.

To help you stay updated on rates and potentially save money, check out Churchill's Rate Watch program. We'll monitor rates closely and provide valuable insights tailored to your needs! https://tinyurl.com/26b4rfe3

Stay informed, stay proactive, and let us support you on your home buying journey!

03/25/2024

Saving for a down payment is often the biggest obstacle to buying a home. I mean, it's a ton of money! If you're wanting to buy a home but feeling overwhelmed, check out this quick article for some valuable tips on saving for a down payment and gaining insights into down payment assistance programs that could make your home buying journey smoother.

Saving for a down payment can seem daunting, but with the right strategies, it's achievable! The article dives into practical advice, like setting a savings goal and creating a budget that works for you. It also sheds light on various down payment assistance programs available to help eligible buyers get closer to their dream home.

I get that navigating the financial aspects of buying a home can be challenging, which is why I'm here to support you every step of the way. My goal is to provide you with the resources and guidance you need to make informed decisions and move forward confidently.

Ready to tackle that down payment challenge? Click the link to read the article and start your journey towards homeownership: https://tinyurl.com/3ys8446d

03/20/2024

If you're looking into buying a home in the next 6-12 months, these 6 steps are a great place to start. And yes, all of this comes BEFORE you start actually looking for a house! This process is supposed to take a little while. A house is the biggest purchase you'll probably ever make, and you should go slow with this big of a decision! Let's break down the 6 essential steps you should take before starting your journey:

Step 1: Determine your budget: Know what you can comfortably afford to spend on a home. Reaching out to a home loan specialist is a great way to figure this out, or you can run some numbers on your own! As a rule of thumb, try to get your monthly payment to be 25% of your monthly take-home pay (the most it should ever be is 1/3)!

Step 2: Get Churchill Homebuyer Certified: It's like having a golden ticket in this competitive market! We get you pre-approved, and you'll have our Homebuyer Edge, making your offer stand out!

Step 3: Make a wants and needs list: What are your must-haves and nice-to-haves in a home? For us, a huge non-negotiable was a garage after parking under trees for a few years. I'm sure there are things you're willing to budge on, and things you can't go without.

Step 4: Research neighborhoods: Consider commute times, schools, amenities, and overall vibe. How close are your in-laws? How close do your friends live? Actually drive some of the routes and see what it's like!

Step 5: Hire a real estate agent: Find someone you trust to guide you through the process. I have agents I'd love to recommend to you, or you can go out on your own and find someone you like!

Step 6: Begin your home search: Get ready to explore and find your dream home! Your agent will help with this step, and this is the most fun part! Get ready to walk through a bunch of homes, and be picky! It's your money, after all.

As always, I'm here to answer any questions you have along the way!

03/19/2024

Quick break from your normally scheduled mortgage and finance content for a fun announcement:

Churchill Mortgage's Spring Sweepstakes has officially begun! From March 18th until April 11th, 2024, you will have a chance to win either $1,000 cash or a $250 gift card every week!

That’s right, 2 winners every week for 4 straight weeks! Plus, find out how to maximize your chances with multiple entries. 👀 Click the link to learn more and enter to win! https://tinyurl.com/3x56vz5f

Terms & Conditions: https://hubs.ly/Q02pNzhw0

03/16/2024

Hey! I know everyone's been thinking (and probably stressing) about the housing market lately, and I totally get it. Interest rates can be all over the place. But let me tell you: when rates are low, home prices tend to go up, and it seems like everyone's looking for a new place. BUT you can absolutely get a home now and then lock in a lower rate later through refinancing. Sometimes, you're even able to refinance for little or even no cost. Plus, you'll be building up some serious equity along the way!

I know it seems like interest rates are really high right now, but they're nothing compared to what they used to be. Ask someone in their 50's what the interest rate was on their first home, and you'll throw up in your mouth a little. In the 80's, the average interest rate was 12.9%! That makes today's average of around 7% look great! So yes, 3% in 2020 was insane, but don't wait to buy until they get back down there because it may be a long time before we get anywhere close to that. And hey, if I'm wrong, you buy a house this year, and then interest rates drop all of a sudden, just refinance! Date the rate; marry the house.

If you've been thinking about owning your own place, let's grab a coffee and chat about it. Seriously, I've got your back, and together we can figure out what works best for you and your wallet, and if this is the right time for you to buy.

Don't worry about timing things just right. Shoot me a text or give me a call, and let's chat about making your homeownership dreams come true!

03/15/2024

Your DTI (Debt-To-Income) Ratio dictates how much house you can afford. Because of that, it's a HUGELY important factor if you're looking to buy a house!

THIS is why I'm always yapping on about becoming debt-free! If you're debt-free, your DTI is 0%. That means 100% of your money is yours to use, and you can use more of that money to get a better house! This all plays right into each other, and makes a huge difference in what kind of home you're able to buy.

But let's say you're very far from being debt-free. You've got some debt, and you want to buy a house soon. Generally, a DTI of 43% is workable, but 35% or less is considered "good", and could give you much better options when it comes to home loans! That means if you're making $3,000/month, that Ford Raptor with a $1,200 monthly payment probably ain't the car for you right now if you want to move too.

It can be frustrating, but that's ultimately just the way Fannie Mae and Freddie Mac see things, and so that's the rules we play by. It's much better than the way things were in 2006, trust me.

If you've got questions about DTI or want help figuring yours out to see how much home you can afford, reach out! Or check out www.mortgageswithchace.com to learn more!

03/14/2024

We're in the middle of a crazy homebuying market. Bidding wars, cash buyers, rising home costs, constantly shifting interest rates – it all makes it really hard to find a home you like, that you can afford, and then actually close on that house. People are constantly getting outbid or just straight up undercut by a cash buyer (where are these people getting $400,000 in cash??)

To help alter the paradigm in your favor, Churchill Mortgage has what we call the Homebuyer Edge. If your loan doesn't close for financing reasons, the seller will receive $10,000 on us! As the buyer, you don't get any cash, BUT this does make your offer way more attractive to sellers and offers them some peace of mind about accepting your offer!

Click here (https://tinyurl.com/3rz7vssd) to learn more become a Churchill Certified Homebuyer! "Pre-approved" sounds great, but "Certified" is even better.

Chace Cobb NMLS #2391720

04/08/2024

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