Eric H Carre Senior Mortgage Loan Originator NMLS: 1881533

11/25/2023

I have reached 600 followers! Thank you for your continued support.
Most importantly, thank you for entrusting me with your mortgage needs.
I could not have done it without each of you. 🙏🤗🎉

09/19/2023

Let me help you strike the perfect balance. Maintain your existing term while adjusting your loan to fit your budget. Don't wait – call today!

05/22/2023

MORTGAGE NEWS

Americans are bench-warming the housing market, creating a game with no winners
Zillow scrolling for a fantasy… Wannabe homebuyers in the US might’ve been encouraged by some news last week: home prices had their biggest annual drop in more than 11 years. Last month, the median existing-home price fell to $389K (down 1.7% from a year earlier), mainly driven by declines in the western half of the country.

The good(ish): It’s the second straight month that home prices fell, a positive sign for prospective buyers. But don’t pop the bubbly yet…

The bad: The median home price is still $100K higher than it was three years ago, while mortgage rates have soared, hitting 6.4% last week for a 30-yr fixed.

The ugly: Housing supply is ridiculously low in part because folks scooped up homes during the pandemic when interest rates were near zero. In 2021, the rate on a 30-yr fixed was ~3% — and folks don’t want to give that up.

THE TAKEAWAY
Both teams are on the bench… as buyers and sellers sit on the sidelines. Home sales have plunged from last year. People who want to move aren’t selling because they feel trapped by the “golden handcuffs” of low mortgage rates. People who want to buy aren’t buying because prices are high while supply’s low. Some experts hope for more activity later this year, as the Fed is expected to pause rate hikes while traders are betting the central bank will even start cutting.

(Source: Sherwood Snacks)

05/04/2023

Association of Independent Mortgage Experts

11/10/2022

Attention REALTORS:
Seller concession cheat sheet

Eric Carré - Sr Mortgage Loan Originator - NMLS 1881533

10/19/2022

https://www.cnet.com/personal-finance/mortgages/what-is-regulation-z/

This law requires lenders to disclose borrowing costs upfront in clear terms so people can make informed decisions. But it does more than that.

08/04/2022

You count on your local go-tos, from the barber who's perfected your cut to the barista who knows your latte. When it comes to your home, count on me, your neighborhood mortgage broker, for the knowledge, options and personal service you trust. Eric Carré - Sr Mortgage Loan Originator - NMLS 1881533

07/07/2022

A year ago, a buyer who put 20% down on a median priced $390,000 home and financed the rest with a 30-year, fixed-rate mortgage at an average rate of 2.90% had a monthly mortgage payment of $1,299, according to calculations from Freddie Mac.
Today, a homeowner buying the same priced house with an average rate of 5.30% would pay $1,733 a month in principal and interest. That's $434 more each month.

Mortgage rates dropped for the second week in a row, notching the largest decline since December, 2008.

07/06/2022

Self-employed borrowers can have a challenging time qualifying for a traditional home loan. But you do not have to worry about there not being a program available to help you qualify for a mortgage. Bank Statement programs are designed specifically for those who do not have the tax documents, W-2’s,or adequate proof of income that clearly indicates their ability to pay. The home that seemed out of reach can now be a reality!

Contact me today for a customized mortgage solution that best fits your circumstances. Eric Carré - Sr Mortgage Loan Originator - NMLS 1881533

06/30/2022

No need to guess – we'll give you the information you need to help you end up in the home you want with the terms that best fit your unique financial situation! Eric Carré - Sr Mortgage Loan Originator - NMLS 1881533