Drew Ryan - Mortgage Loan Advisor

09/24/2024

Who’s looking for a 5 bedroom, 3 bath in Temecula with awesome views?

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Make every day a holiday and wake each morning to beautiful views of the hot air balloons rising over Temecula wine country. Discover the perfect blend of luxury and tranquility in this single-level 4-bedroom (two primary bedrooms), 3-bathroom home offering ample space and privacy. This beautiful ho...

09/21/2024

With mortgage rates hitting their highest levels in decades, you might wonder why homeowners are still refinancing—and where it’s happening the most. The data might surprise you!
According to recent data, South Dakota, Montana, and Nebraska led the nation in refinancing activity during the first quarter of 2024. In South Dakota alone, half of all mortgage applications were for refinancing, while Nebraska and Montana followed closely behind with 44.5% and 42%, respectively.

So, why the spike? Early in 2024, mortgage rates that had soared to around 8% in late 2023 began to decline, settling in the mid-6% range. This drop created an opportunity for homeowners to adjust their loan terms, despite the overall rate environment remaining challenging.

The mortgage market is incredibly sensitive to even slight changes in rates, and this trend highlights just how much of an impact they can have on homeowners' decisions.

Curious if refinancing is right for you? Let’s explore your options together at Groves Capital! 📲 🏡 🤝

07/30/2024

With a 3% down payment loan, you could own your own place sooner than you think. Message me for details.

07/29/2024

Got a case of home improvement fever? A cash-out refinance could be just the remedy you need! It can help you transform your home into the palace you've always dreamed of. Contact our team today to find out more about the cure.

07/26/2024

First-time homebuyer? Get familiar with the term debt-to-income ratio (DTI). Your DTI is used by mortgage lenders to determine whether your loan application will be approved. Pro Tip: Aim for 50% DTI or less for the best options and rates.

07/22/2024

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07/21/2024

Did you know paying for mortgage points can impact your interest rate over the life of your loan? Contact me to get the details.

07/16/2024

Don't let a long appraisal process stand between you and your dream home. With an appraisal waiver, we can skip this step and get you closer to your new home faster. Contact us today to find out if you qualify.

07/12/2024

Navigating the world of home loans? Not to worry. Mortgage insurance could help you buy a home with a lower down payment. If you want to learn more, don't hesitate to reach out.

07/08/2024

Your Loan-to-Value ratio (LTV) can influence your ability to qualify for certain loan programs. Lower LTV ratios are often seen as less risky, which can open up more favorable lending options. Let's discuss how managing your LTV can improve your borrowing power.