Kalyan Nepal - Sr. Loan Expert NMLS: 1984027

06/17/2025

Need a pre-approval but don’t want a hard credit check? We’ve got you covered. Contact us today for a soft-pull pre-approval. 614-596-8360

01/25/2025

01/23/2025

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09/19/2024

Mortgage rates are influenced by a combination of macroeconomic factors, borrower-specific criteria, and the type of mortgage product. Here’s a breakdown of the key influences:

1. Macroeconomic Factors:
Federal Reserve Policy: The Fed doesn’t directly set mortgage rates, but its actions influence the overall interest rate environment. When the Fed raises or lowers the federal funds rate, it impacts the broader economy, including mortgage rates.
Inflation: Higher inflation typically leads to higher mortgage rates, as lenders demand higher returns to offset the loss of purchasing power over time.
Economic Growth: Strong economic growth can push rates higher as increased demand for loans and competition for capital drives up borrowing costs.
Bond Market: Mortgage rates are closely tied to the yields on long-term government bonds, especially the 10-year Treasury note. When bond prices fall and yields rise, mortgage rates tend to increase.
Global Events: Geopolitical events, financial crises, or changes in global economic conditions can impact mortgage rates as investors move money between safer and riskier assets.
2. Borrower-Specific Criteria:
Credit Score: Higher credit scores generally qualify for lower mortgage rates because they represent lower risk to lenders.
Down Payment: A larger down payment can result in a lower interest rate because it reduces the lender's risk.
Loan Amount & Type: Jumbo loans, which exceed conforming loan limits, often have higher rates. Different loan types (e.g., conventional, FHA, VA) may also have different rates.
Debt-to-Income Ratio (DTI): Lower DTI ratios can lead to better mortgage rates, as they indicate more financial stability.
3. Type of Mortgage Product:
Fixed-Rate vs. Adjustable-Rate: Fixed-rate mortgages have stable interest rates, while adjustable-rate mortgages (ARMs) can vary based on market conditions after an initial fixed period.
Loan Term: Shorter-term loans (like 15-year mortgages) generally have lower rates than longer-term loans (like 30-year mortgages) because they are less risky for lenders.
4. Lender-Specific Factors:
Lender Policies: Different lenders may offer different rates based on their business models, operating costs, and profit margins.
Discount Points: Borrowers can "buy down" the rate by paying points upfront, which reduces the interest rate over the life of the loan.
Overall, a combination of these factors determines the specific mortgage rate a borrower will receive at any given time.

09/02/2024

01/29/2024

Microaggression is indirect, subtle, or unintentional discrimination against members of a marginalized group. Examples of microaggressions:

Asking a person with an accent where they are from, complimenting their English, or using statements such as, “You’d never know you’re not from here,” have the effect of pointing out that someone is or is assumed to be an immigrant and in so doing, subtly reminding them that they are not “from here,” i.e., not American

A white person palming their wallet or clutching their purse more tightly when in close proximity to a person of color; a white employee following people of color around a store and monitoring their doings without clear reason; or complimenting a person of color on how “articulate,” “athletic,” or “well-spoken” they are, particularly in statements ending with phrases such as “for someone of your race,” “for someone of your background,” or similar, are microaggressions that discredit a person’s intelligence, integrity, and trustworthiness based only on the color of their skin

Asking a woman about her childbearing plans, asking whether she plans to stay home with her children, or questioning her ability to balance parenting and work; talking down to or interrupting women in professional settings; questioning women (but not men) on their knowledge of and/or experience with topics; and instructing women on their tone and facial expressions (e.g., “why aren’t you smiling?”) are sexist microaggressions that make sweeping assumptions about women based only on their gender

Statements such as “I need to keep my desk very neat, I’m kind of OCD,” “you just need to cheer up,” “can’t you calm down?” and similar can downplay and invalidate mental illnesses and demonstrate a disregard for the actual symptoms, consequences, and lived experiences of people who deal with mental health issues. Comments on mental and emotional stability are also more often directed toward women than men, reflecting an unjustified social stereotype that women are more emotionally fragile.

01/25/2024

A reliable Loan Officer can guide you in preparing a strong loan application, improving your credit scores, recommending suitable loan products, ensuring loan approval, and assisting with post-closing situations. It's crucial to understand that closing the loan isn't the end goal; the aim is to close the loan correctly. This ensures that if any issues arise after closing, they can be addressed because of the meticulous work done throughout the loan closure process.

01/24/2024

Mortgage King is hiring Loan Leaders and Loan Officers in various markets as a part of our team expansion. We're licensed in 11 states , and currently, we have openings for LO who originates or interested to originate in Pennsylvania, Colorado and Florida.
Please reach out to myself at 614-596-8360 or Rabin Adhikari at 413-867-8881 to discuss more.

01/19/2024

Mortgage rates have dropped significantly, and according to analysts, they are expected to continue going down. However, waiting for the rates to drop further might not be the best strategy for buyers. Historically, when more people enter the housing market, competition intensifies, and any potential savings from lower rates could be offset by higher prices.
The key is to seize the opportunity to buy a house even during less favorable times, securing a good price. As the saying goes, "you marry the house and date the rate." This principle holds true not only in real estate but also in stock markets, where the advice is to buy when everyone is selling and sell when everyone is buying.
While the current housing market may not have a large inventory of houses, there are still opportunities to find properties at decent prices. Let's connect today at 614-596-8360 to explore how we can help you navigate the housing market, ensuring you stay ahead of the crowd.

01/16/2024

Mortgage applications increased 9.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 5, 2024. The results include an adjustment to account for the New Year’s holiday.

Mortgage applications increased 9.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 5, 2024.