Michael Ribas: First Horizon Mortgage

09/22/2026

Trying to figure out how much mortgage you can afford with a $75,000 salary? $100,000 salary? $150,000 salary? The key in understanding isn't just about what you earn, it's about what you owe and what you've saved.

Check out this article on First Horizon's website that breaks down what you may afford based on different salary levels: https://bit.ly/46EL2ar

09/15/2026

A seemingly small change in the interest rate can have a significant impact on your homebuying budget.

According to the 1% Rule, a 1% interest rate increase reduces your purchasing power by about 10%.

Knowing how interest rates affect affordability can help you plan strategically instead of reacting emotionally.

Learn more about the 1% Rule: https://bit.ly/3SZakNn

Need help understanding the current interest rate environment and navigating the homebuying process?

Message me today.

09/08/2026

Looking for ways to manage or eliminate debt before retirement? The most effective strategy is to start planning while you're earning a steady income.
Key areas to focus on:
- Pay off high-interest debt.
- Consider refinancing or consolidating loans.
- Make adjustments to your lifestyle expenses.
- Build a budget that aligns with your anticipated retirement income.

If you're feeling overwhelmed, you don't have to figure it out alone. Send me a message, and I can help you assess and manage your debt before retirement.

09/05/2026

5.0 star review received on Experience.com for Michael Ribas by Elizabeth C G - Easy to work with

Click to see all 223 reviews of Michael Ribas, Mortgage Loan Officer

09/01/2026

The difference between anxious buyers and confident buyers? Strategy.

Rate volatility is a factor, but it shouldn't stop you from securing the home you love.

Use these 3 frameworks to shift your mindset:

1. 1% Rule: Understand how rate changes impact your budget.

2. Rate locks: Help protect your purchasing power during the shopping phase.

3. "Date the Rate" philosophy: Helps guide your timing decisions with clear criteria.

Working with a First Horizon loan officer can help you navigate uncertainty with strategy. Contact me today to talk.

08/25/2026

Shopping for a home in an uncertain market? A rate lock is a guarantee that your interest rate won't increase during a set period, helping protect your budget from rate volatility while you look for a home.

When considering a rate lock, be sure to ask your lender about:

1. Lock periods and which timeline fits your situation.

2. Costs or fees associated with locking or extending.

3. Float-down options if rates decrease.

4. The rate lock process, from application to closing.

Contact me to discuss the rate lock options available in your area. We can work together to help you choose the right strategy for your timeline.

08/18/2026

Forget the outdated guideline of buying a home that costs roughly 3x your annual income.

Modern home affordability isn't about a multiplier. It's about finding a monthly payment that fits comfortably within your overall budget, while ensuring you have flexibility for other expenses and the enjoyable things in life.

Ready to find a mortgage plan tailored to your life? Let's connect, and I can walk you through your options.

08/16/2026

5.0 star review received on Experience.com for Michael Ribas by Brian R - Wellness to tailor experience to my needs. Thanks.

Click to see all 222 reviews of Michael Ribas, Mortgage Loan Officer

08/11/2026

Refinancing is typically worth considering based on two main criteria:
1. Whether current interest rates are lower than your existing rate.
2. How long you plan to stay in your home.

Unsure if you should refinance? Send me a message and we can work together to review your options.

08/04/2026

Understanding your homebuying power involves more than a simple calculation. It requires an assessment of what your income could realistically support when you factor in debt, savings, where you want to live, and interest rates.

To explore what mortgage affordability could look like at various income levels, check out our guide: https://bit.ly/3TSfJ8U