Rory Anderson - Branch Manager - NMLS 114247

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Biloxi manufactured trade show

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10/19/2023

Did you know it's "Get Smart about Credit Day"? If you're thinking about buying a home, here are 10 simple yet crucial credit facts to help you on your homeownership journey:

1️⃣ Credit Scores Matter: Lenders use your credit score to determine your loan eligibility.
2️⃣ Pay Bills on Time: Timely payments boost your credit score.
3️⃣ Credit Utilization: Keep your credit card balances low for a better score.
4️⃣ Diverse Credit Mix: A mix of credit types can be beneficial.
5️⃣ Avoid Too Many Credit Applications: Multiple inquiries can lower your score.
6️⃣ Length of Credit History: Longer histories can mean a better score.
7️⃣ Errors Happen: Regularly check your credit report for inaccuracies.
8️⃣ Debt-to-Income Ratio: Keep your debts manageable compared to your income.
9️⃣ Closing Accounts: Be cautious when closing credit accounts.
🔟 Patience Pays Off: Building good credit takes time.

Understanding these credit basics can lead you to your dream home! 🏠💙

10/18/2023

Mortgage Speak: Unraveling the Mystery of 'Recasting'. Stumbled upon the term "Recasting" and felt a bit lost? No worries, we're here to clarify!
What It Sounds Like 👀: Sounds complex, like you're reshooting a movie or something.
What It Actually Means 🤗: Recasting is when you make a large payment on your mortgage and then adjust, or 'recast,' your remaining monthly payments to be lower.
Why Should You Care? 💡:
✅ Lower Monthly Payments
✅ No Need to Refinance
✅ Keep the Same Loan Term
So, if you hear "Recasting," think: "Hey, that's a way to lower my monthly payments without redoing my whole mortgage!" 🙌 Stay tuned for more Mortgage Speak decoded! 📖

10/13/2023

📈 Market Update for Friday, October 13th: The Mortgage-Backed Securities (MBS) market has had its ups and downs recently, and the Federal Reserve's watchful eyes remain on inflation and labor conditions. This week, market volatility is expected to rise.

🔍 Inflation Watch: The Federal Reserve is not easing its focus on inflation. The Core CPI metric is under close scrutiny, especially during this cycle of rising interest rates. Although inflation saw a dip since the peak in June '22, it hasn't continued to decline, which could trigger further rate hikes.

💪 Labor Market Resilience: Contrary to typical downturns during fiscal tightening, the labor market is holding strong. Recent non-farm payroll numbers further emphasize this.

🌍 Geopolitical Factors: Recent global events, including the conflict in Israel, have also influenced the market. This has led to a rise in the U.S. Bond Market and increased the chances of a freeze in rate hikes to 92.3%.

🔮 What to Expect: As we head into November, be prepared for larger market swings due to unfolding geopolitical events and upcoming economic data releases.



🖋 Author: Casey Delinsky, SVP Capital Markets
Disclaimer: The following information is not financial or investment advice. Consult a professional advisor before making any investment decisions. For informational purposes only and is not the opinion of Go Mortgage, LLC.

10/12/2023

🚫 Mortgage Myths: Busting the 20% Down Payment Myth 🏠 There's a long-standing myth that you need a 20% down payment to buy a home. Today, we're setting the record straight!

The Myth
🔮: You must save 20% of a home's value for a down payment.
The Reality 🌈: Not true! There are several loan types that require far less, or none at all! Plus, many states and local governments offer down payment assistance programs.

Why Should You Care? 💡:
✅ Lower initial cost
✅ Faster path to homeownership
✅ More money for renovations or emergencies Don't let the 20% myth keep you from your dream home. Explore your options!

🌟 For more Mortgage Myths busted, stay tuned!

10/11/2023

🏠 Market Update 🏠 Real estate agents, swipe right to get the latest trends that'll give you the edge in the game. From home values to mortgage equity, let’s dive in!
Data sourced from Zillow’s "Housing Report" & Black Knight's "Mortgage Monitor Report". 📊📈

10/09/2023

🔥 Fire Prevention Day: Keep Your Home Safe and Sound! 🏠
Today is Fire Prevention Day, and there's no better time to make sure your home is as fire-safe as possible. Follow these simple steps to protect your family and property:
Prevention is Key 🔑
1️⃣ Smoke Alarms: Install smoke alarms on every level of your home. Test them monthly!
2️⃣ Be Kitchen-Wise: Never leave cooking unattended. Keep flammable items away from the stove.
3️⃣ Electrical Safety: Don’t overload sockets. Keep cords away from water and heat sources.
Be Prepared 🎒
1️⃣ Fire Escape Plan: Have a plan and make sure everyone knows it.
2️⃣ Emergency Kit: Prepare an emergency kit with essentials like water, food, and important documents.
3️⃣ Fire Extinguisher: Know where it is and how to use it.
A few simple steps can make a big difference in keeping your home safe. 🔒
Thank you to all the brave fire fighters and first responders!

10/06/2023

🤓 Mortgage Speak: Decoding 'Appraisal Waiver' into Plain English 🏡 Ever heard the term "Appraisal Waiver" and wondered what it means? Let's break it down!

What It Sounds Like 👀:
A fancy term that might make you think you're waiving something important.

What It Actually Means 🤗:
An Appraisal Waiver means your home's value is determined without an appraisal.

Why Should You Care? 💡
✅ Faster Loan Process
✅ Save Money on Appraisal Fees
✅ Less Paperwork

So, next time you hear "Appraisal Waiver," you can say, "Ah, that means I can skip the formal home value check and save some cash!" 💵

For more Mortgage Speak Unlocked, stay tuned! 📚

10/05/2023

Fall is more than just pumpkin spice lattes and cozy sweaters—it's the perfect time to get your home winter-ready and give it a seasonal makeover! Here's how:

Winterize Your Home ❄️
1️⃣ Seal Gaps: Keep the cold out by sealing windows and doors.
2️⃣ Check Insulation: Make sure your home is well-insulated to save on heating costs.
3️⃣ Gutter Cleanup: Remove leaves and debris from gutters to avoid ice dams.
4️⃣ HVAC Check: Schedule a heating system check-up to ensure it's running efficiently.

Fall-Themed Décor 🍁
1️⃣ Pumpkin Accents: Add mini pumpkins and gourds to your living room.
2️⃣ Leafy Centerpiece: Create a centerpiece using colorful fall leaves.
3️⃣ Cozy Throws: Place warm throws on your sofas and beds for added comfort.
4️⃣ Seasonal Wreath: Welcome guests with a beautiful fall wreath on your front door.

Don't wait for the first frost to start your fall preparations. Get ahead of the game and make your home cozy and efficient this season! 🎃

10/04/2023

🏗️ Turn Your Dream Home Into Reality with Construction-to-Permanent Loans! 🏠 Building a home tailored to your needs may seem daunting, but it doesn't have to be. With our Construction-to-Permanent loan, you can fund your custom home build from start to finish with just one loan and one closing.