Did you know about the Stackable Grants for First Time Homebuyers up to $25,000. All loans are subject to credit approval and other eligibility requirements apply. Tracey Christopher is a great Mortgage Broker with BOK Financial Mortgage company. She can be reach at Tchristopher@bokf.com or her phone is 303-524-3112. Both Tracey and myself would be happy to go to work for you and get you in to the first time home. Call either of us today! … Continue reading...
Buyer Question: pre-approved for a mortgage or pay cash?
Understanding a buyer’s financing situation as early as possible is essential for ensuring a smooth and successful home-buying process. By identifying how a buyer plans to finance their purchase—whether through a mortgage or a cash payment—you can proactively address any potential challenges or contingencies that may arise. This allows you to prepare for additional documentation, lender requirements, or any financial roadblocks that could delay or complicate the transaction. For example, if a buyer is relying on mortgage financing but has not yet been pre-approved, they may face delays in … Continue reading...
Are you looking for a lender, Tracey Christopher is the one to call
Tracey Christopher Connect T303-524-3112M303-324-7591tchristopher@bokf.com 17821 Cottonwood Drive Parker, Colorado 80134Book Time with MeApply now or sign inOur online mortgage lending platform is hosted by Blend Labs, Inc. Whether buying, selling, refinancing, or building your dream home, you have much riding on your loan specialist. Since market conditions and mortgage programs change frequently, you must ensure you're dealing with a top professional who can give you quick and accurate financial advice. BOK Financial has the expertise and knowledge you need to … Continue reading...
When will the next buyers market come
When will the next buyers market come? Predicting the timing of the next buyer’s market depends on various economic, demographic, and market-specific factors. A buyer’s market typically occurs when the supply of homes exceeds demand, leading to more favorable conditions for buyers, such as lower prices and more negotiation power. Here are key factors that could signal the shift to a buyer’s market: 1. Rising Interest Rates Impact: Higher interest rates can reduce buyer affordability, lowering demand and leading to more inventory on the market. Timeline: If rates remain high or … Continue reading...
Interest rates
30 Year Fixed FHA 5.75% (6.539% APR) Discount points to bank of $1473 $500,000 Purchase Price $490,943 Loan Amount 3.5% Down Payment $17,500 720+ credit scores, single family primary home purchase, 45 day lock period 30 Year Fixed VA 5.75% (6.019% APR) Discount points to bank of $1634 $500,000 Purchase Price $511,500 Loan Amount with financed VA funding fee First time VA use Zero down payment, 720+ credit scores, single family primary home purchase, 45 day lock period 30 Year Fixed Conventional 6.375% (6.539% APR) Discount points to … Continue reading...
What to take to a lender when applying for a loan
Homes are selling quickly; not as quickly as this time next year BUT You do need to set yourself up for house-hunting success by being as prepared as possible. It may sound easy but I can tell you it is very frustrating. The look back on this paperwork collection is fairly intense, especially in these days of going paperless. Another tip for success, work with a knowledgeable agent – like me! I'm just a message away. … Continue reading...
Mortgage rates for this week.
30 Year Fixed FHA 6.250% (7.073% APR) Discount points to bank of $2611 $500,000 Purchase Price $490,943 Loan Amount 3.5% Down Payment $17,500 720+ credit scores, single family primary home purchase, 45 day lock period 30 Year Fixed VA 6.3750% (6.374% APR) Discount points to bank of $2487 $500,000 Purchase Price $511,500 Loan Amount with financed VA funding fee First time VA use Zero down payment, 720+ credit scores, single family primary home purchase, 45 day lock period 30 Year Fixed Conventional 6.99% (7.329% APR) Discount points to … Continue reading...
Sellers are looking to sell with interest rates coming down
If you’re looking to buy a home, the recent downward trend in mortgage rates is good news because it helps with affordability. But there’s another way this benefits you – it may inspire more homeowners to put their houses up for sale. The Mortgage Rate Lock-In Effect Over the past year, one factor that’s really limited the options for your move is how few homes were on the market. That’s because many homeowners chose to delay their plans to sell once mortgage rates went up. An article from Freddie Mac explains: “The lack of housing supply was partly driven by the rate lock-in effect. . … Continue reading...
How Do Mortgage Points Cut Your Interest Costs?
Those who are involved in the real estate industry likely know that mortgage rates are at an all-time low. At the same time, nobody wants to pay more for a house than they have to. Some of the most important factors that dictate how much someone is going to pay for a house include points and interest rates. While interest rates are incredibly low, there is a way to make them lower. This comes in the form of points. This is additional money that is paid upfront to get a better deal over the life of the loan. Even though this sounds great in theory this might not be the best option for … Continue reading...
What goes in a Mortgage Payment
Mortgage Payment What Goes into A Mortgage Payment? Understanding Your Home Loan Wondering what goes into your monthly home loan payment but don’t speak mortgage-ese? Our team at Southern Trust Mortgage has you covered. In this article, we’ll share everything you need to know about the two biggest components of your mortgage payments, the principal and interest, help you determine what you owe or will pay, and discuss the other factors that add to your payments. Let’s dive in. What is The Principal Amount? The principal is simply the total … Continue reading...