Pat Rattan - Mortgage Advisor - NMLS ID 2516026 Morty NMLS ID 1429243

Pat Rattan - Mortgage Advisor - NMLS ID 2516026 Morty NMLS ID 1429243 Pat Rattan - Mortgage Advisor - NMLS ID #2516026 Morty NMLS ID #1429243

My commitment to you:
1. Fast closing and transparent process.
2.

Transparent rates, with NO hidden fees.
3. Shop around to find the best rates for you.

09/23/2024

Will a credit pull lower my credit score?

Having your credit pulled for a mortgage should not have a substantial impact on your credit score. Most lenders treat all mortgage inquiries as a single inquiry as long as they are done within a specific time frame (usually 45 days since your first check). This allows you to shop around and get your credit pulled from multiple lenders without hurting your score. Without looking into your credit, a lender cannot approve you for a loan or give you an accurate rate quote. The rate you are given is determined by a myriad of factors, including credit.

We encourage all homebuyers to shop around for a mortgage and get pre–approved with different lenders. Morty’s platform can make this easier, providing you access to loans from multiple lenders with a single credit pull.

Send a message to learn more

09/18/2024

With mortgage rates stabilizing and positive signals from the Fed, is now the time to act? Let’s talk about it.

📉 Mortgage Rates Starting to Fall
Mortgage rates are finally moving in a favorable direction for buyers. Rates have fallen for the fifth week in a row, bringing the average 30-year fixed rate to around 6.35%. While rates remain higher than historical lows, this trend is encouraging if you’re a buyer looking to step back into the market.

🏠 Home Prices Soften, But for How Long?
National home price growth slowed to an annual rate of 3.6% in July, offering buyers more negotiating power. However, with the dip in rates, demand is expected to pick up, which could put upward pressure on prices in the coming months.

💰 Affordability Reaches Its Best Level in Months
August saw the most favorable affordability conditions since February. This improvement is due to both declining mortgage rates and slowing home price growth. Buyers can now expect to pay $145 less per month on the average-priced home compared to three months ago.

🔮 What’s Next?
While this market has shown us that it’s difficult to predict what will happen next, the current conditions indicate the Fed will likely cut rates following their next meeting. For those considering entering the market, the recent improvements in affordability, alongside stable home prices, offer a chance to act before the market becomes more competitive.

🛟 Be Prepared
Considering a home purchase? Let's connect!

Send a message to learn more

🏠 Thinking about buying a new home? 🏠Navigating the world of mortgages can feel overwhelming, but understanding your opt...
07/25/2024

🏠 Thinking about buying a new home? 🏠

Navigating the world of mortgages can feel overwhelming, but understanding your options is key to making the right choice! Whether you're a first-time buyer or looking to refinance, finding the best mortgage can save you thousands in the long run. 💸

From fixed-rate to adjustable-rate mortgages, each option has its pros and cons. Let's chat about what fits your financial goals best! Get pre-approved or reach out for a free consultation with Pat Rattan, our trusted loan officer, at Morty: morty.com/loan-officers/pat-rattan

Drop a comment or send me a message—I'm here to help you make informed decisions about your home financing! 📲💬

Pat Rattan is a knowledgeable and passionate mortgage loan originator at Morty. NMLS #2516026

🏠 Thinking about buying a home? 🏠 Don’t hit the house-hunting trail without getting pre-approved for a mortgage first! H...
07/23/2024

🏠 Thinking about buying a home? 🏠 Don’t hit the house-hunting trail without getting pre-approved for a mortgage first! Here’s why it’s a game-changer:

Getting pre-approved means you’ll know exactly how much you can borrow, avoiding any surprises or disappointments down the road. No one wants to fall in love with a home only to find out it’s out of their financial reach. With a pre-approval letter in hand, you can confidently shop within your budget and show sellers you mean business.

Plus, it streamlines the entire buying process. You’ll already have most of your paperwork sorted when you find your dream home, making the final mortgage application a breeze. And in competitive markets, a pre-approval letter can give you a serious edge—sellers love knowing you’re financially ready to seal the deal.

Ready to take the first step toward homeownership? Getting pre-approved is easier than ever with Morty’s fast and convenient online application. Spend less time stressing about finances and more time planning how to decorate your new place! 🛋️🎨

Get pre-approved or reach out for a free consultation here:
https://www.morty.com/loan-officers/pat-rattan

Pat Rattan is a knowledgeable and passionate mortgage loan originator at Morty. NMLS #2516026

Rates are dropping. Should you refinance?
07/18/2024

Rates are dropping. Should you refinance?

Wondering how soon can you refinance your mortgage? Learn about the factors and variables you need to consider before refinancing.

Why Should I Get Pre-Approved?You should get a pre-approval because it helps you target homes in your price range and ma...
06/25/2024

Why Should I Get Pre-Approved?

You should get a pre-approval because it helps you target homes in your price range and makes it easier for you to shop for a home.

Sellers may also consider you a strong buyer. Having a pre-approval letter in hand offers flexibility when it comes to negotiating. If sellers know the sale will likely go through, they may even make some compromises, such as offering to pay your closing costs.

Get your pre-approval letter now!

Morty’s platform gives you the independence to run your mortgage business your way with the resources, infrastructure and technology you need to be successful in today’s mortgage industry.

Address

Reston, VA
20152

Opening Hours

Monday 9am - 9pm
Tuesday 9am - 9pm
Wednesday 9am - 9pm
Thursday 9am - 9pm
Friday 9am - 9pm
Saturday 10:30am - 6am

Telephone

+17035946245

Website

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