Scott Ellis - Lower, LLC - NMLS #133371

10/24/2024

Another episode of you don’t know what you don’t know……..John works at dispensary and wanted to purchase a home. He went to three banks and they all told him income from the ma*****na industry couldn’t be used to qualify for a mortgage, which is 100% WRONG.

I helped John’s parents refinance, so they strongly advised him to call me for a free consultation. I informed John we have investors who lend to borrowers employed in the ma*****na industry and helped him secure a mortgage on his new home.

If you work within the cannabis industry and have been turned down for a mortgage give me a call NOW to learn how I can help you refinance your existing home or secure a mortgage on a new home like I helped John.

08/28/2024

New Mortgage Program Option Alert!

When interest rates are higher a 2-1 buydown program has been a popular mortgage loan option for people buying homes. Example: If current rates are 6.75%, with a 2-1 buydown the first year rate would be 4.75% and the second year rate would be 5.75%. The 6.75% rate would then kick in in year three and would be fixed for the remaining term of the loan. This applies to loans with as little as 3% down payment.

This program saves a lot on interest paid in years one an two. The drawback to this program is that the seller or the builder has to pay the difference in the payments for the first two years of the program through a credit at closing. Many sellers have been reluctant to pay the cost

UNTIL NOW.

With the new program that has become available, the seller or the builder is not required to pay the buydown. The end investor will pay the cost of the buydown!

Realtors and builders know how big of a deal this is. Please share this information with anyone you know that may be looking to purchase a new home.

NMLS # 133371

08/27/2024

Mortgage rates are dropping, but beware!

Thanks to my realtor partners and past customers, I receive a lot of referrals that have been calling me about interest rates. Many tell me about quotes that they receive or ads that they have read about interest rates below 6%.

While interest rates are falling, they are not below 6%, UNLESS YOU PAY DISCOUNT POINTS. Many lenders quote you a rate but do not tell you what that rate will cost you. This important piece of information could cost you $1000's.

If you want to know how this could affect you feel free to call me or message me for a transparent mortgage analysis with full disclosure and options.

PS. It's always good to get a second opinion if you already are pre-approved with a lender to purchase a home. That lender may not be giving you the best loan terms.

07/11/2024

I have had numerous conversations about the rising cost of homeowners insurance recently. Thought I would share this article that tells about the numerous factors that play a part in determining the cost to insure your most valuable asset.

09/09/2023

According to a recent Gallup poll, real estate has been voted the best long-term investment for 11 years in a row, beating gold, stocks, bonds, and more.

According to a recent Gallup poll, real estate has been voted the best long-term investment for 11 years in a row, beating gold, stocks, bonds, and more.

09/08/2023

If you're having trouble finding a home you like while inventory is so low, it may be time to consider looking into new-home construction. If you'd like to start that conversation, let’s connect so you’re working with an expert on what’s available in our area.

If you’re in the process of looking for a home today, you know the supply of homes for sale is low because you’re feeling the impact of having a limited pool of options.

09/07/2023

If you’re questioning if it still makes sense to buy a home today, remember the incredible long-term benefits of homeownership. If you’re ready to start the conversation, let’s connect today.

Today’s higher mortgage rates, inflationary pressures, and concerns about a potential recession have some people questioning: should I still buy a home this year?

09/06/2023

Context is everything when looking at headlines. While homeowner equity dropped some from last year, it’s still near all-time highs. Let’s connect so you can get the answers you deserve from an expert who’s here to help as you plan your move this year.

You may see media coverage talking about a drop in homeowner equity.

09/05/2023

Before you can start scoping neighborhoods and exploring online listings, take these steps to make sure you can secure a mortgage for a home loan.

First-time home buyers often rush into the homebuying process, excited about securing a mortgage. Buying a home is an exciting experience, requiring a lot of preparation - especially with home financing.

09/04/2023

If you’re planning to make a move, the equity you’ve gained can make a big impact. To find out just how much equity you have in your current home and how you can use it to fuel your next purchase, let’s connect.

If you’re a homeowner, you might be torn on whether or not to sell your house right now.

09/03/2023

If you’re trying to decide if you’re ready to buy a home, these questions can help. But ultimately, your best and more reliable resource is the help of trusted real estate professionals.

If you’re trying to decide if you’re ready to buy a home, there’s probably a lot on your mind.

09/02/2023

If you have questions about what’s happening with home prices in our local area, let’s connect.

If you’re thinking of buying or selling a home, one of the biggest questions you have right now is probably: what’s happening with home prices?