Is it easier to buy today vs. just 6 months ago?
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Is it easier to buy today vs. just 6 months ago?

A real estate market correction or a crash could keep you from buying, but is sitting on the sidelines really right for you? None of us can predict the future, but looking at the past is a great way to better understand what could happen in the future. While there’s a lot of mixed data making it hard to predict what will happen, there’s a silver lining to a market cool down. Last year, buyers had to put in an average of 5️⃣ offers until they were able to get a 🏡. Even then they may have had to pay thousands of 💵 over what it was listed for. Fast forward to today, and while I don’t have all the answers on what will happen, I do know it’s easier to buy now than it was 6 months ago. So, whether you think a crash is coming, a correction or things will just keep going the way they are for a while, the first step in any housing search is to speak with a mortgage professional. My team and I are always ready to assist you in your home buying needs. 🏠 Useful Resources 🏠 → https://www.rebeccarichardsonmortgage.com/resources 📱 Book a FREE 15-min call! 📱 → https://calendly.com/rebeccarichardson/15min 👀 POPULAR PLAYLISTS 👀 Choosing a Lender → https://bit.ly/33iGNo1 The Loan Process → https://bit.ly/33jkVJ3 Choosing a Mortgage Strategy → https://bit.ly/3uNSe2q Shopping Your Loan → https://bit.ly/3LuQp04 Homebuyer FAQs (Shorts) → https://bit.ly/3sAyvAj First Time Home Buyers → https://bit.ly/3gEbx61 Separation & Divorce → https://bit.ly/3Luv6Md 🏡 MUST WATCH Videos 🏡 Starting the Loan Process → https://youtu.be/aiPIcCSQdIU What Documents Do You Need? → https://youtu.be/lb6Tx_XNVYs How to Make a Strong Offer → https://youtu.be/zceO2RiFKkc Preapproved for a Payment, Not a Price → https://youtu.be/SzZ77D9Px4g How Mortgage Rates Work → https://youtu.be/MqfhHOJ5Ti0 💥 Follow me on Social Media 💥 → Tiktok: https://bit.ly/34VUTMB → Instagram: https://bit.ly/3rLy5rS → LinkedIn: https://bit.ly/3oJLuyq _________________________________ As The Mortgage Mentor, I'm here to help translate industry jargon into everyday language so you can confidently choose a mortgage strategy that saves you time and money. Rebecca Richardson, AMP Mortgage Loan Officer team@themortgagementor.co NMLS #91445
Crash vs. Correction
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Crash vs. Correction

Crash or Correction? That is the question. Home sales are ⬇️, inventory is ⬆️ and so are rates. It’s easy to understand why you might worry that this is 2008 all over again and the market will crash. But what if this is just a correction? And more importantly, how do you know the difference? While a housing market crash is when home prices quickly decline by more than 20%, a more gradual decline in home values by more than 10% is considered a correction. Since 2019 the median home price has gone from $322,000 to $440,000. That is more than a 25% increase. The polar opposite of a crash. Talk about market mania! But if for some reason home values suddenly are lower than they were just 3 years ago, we’d be considered in a housing crash. That’s a big IF because historically homes get more expensive over time. Now you know the difference, does that affect your thoughts on if it’s a good time to buy? If you are waiting for prices and rates to come down or at least remain steady, now is always the right time to talk to a mortgage professional to learn your options. 🏠 Useful Resources 🏠 → https://www.rebeccarichardsonmortgage.com/resources 📱 Book a FREE 15-min call! 📱 → https://calendly.com/rebeccarichardson/15min 👀 POPULAR PLAYLISTS 👀 Choosing a Lender → https://bit.ly/33iGNo1 The Loan Process → https://bit.ly/33jkVJ3 Choosing a Mortgage Strategy → https://bit.ly/3uNSe2q Shopping Your Loan → https://bit.ly/3LuQp04 Homebuyer FAQs (Shorts) → https://bit.ly/3sAyvAj First Time Home Buyers → https://bit.ly/3gEbx61 Separation & Divorce → https://bit.ly/3Luv6Md 🏡 MUST WATCH Videos 🏡 Starting the Loan Process → https://youtu.be/aiPIcCSQdIU What Documents Do You Need? → https://youtu.be/lb6Tx_XNVYs How to Make a Strong Offer → https://youtu.be/zceO2RiFKkc Preapproved for a Payment, Not a Price → https://youtu.be/SzZ77D9Px4g How Mortgage Rates Work → https://youtu.be/MqfhHOJ5Ti0 💥 Follow me on Social Media 💥 → Tiktok: https://bit.ly/34VUTMB → Instagram: https://bit.ly/3rLy5rS → LinkedIn: https://bit.ly/3oJLuyq _________________________________ As The Mortgage Mentor, I'm here to help translate industry jargon into everyday language so you can confidently choose a mortgage strategy that saves you time and money. Rebecca Richardson, AMP Mortgage Loan Officer team@themortgagementor.co NMLS #91445
The Upcoming Housing Market Shift and How to Prepare
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The Upcoming Housing Market Shift and How to Prepare

All aboard the real estate 🎢 roller coaster! While there has been constant speculation that there could be a real estate crash looming, today's market is different than it was in 2008. But, the concern is real for many buyers and sellers because there is little doubt that the market has shifted from just a year ago. But what does this all mean if you are looking to buy now? To find that answer, look a little closer at some of the key numbers 👉 inventory 👉 sales price A housing crash is classified as a sudden ⬇️ in home prices by more than 20%. Right now, home values are holding steady and are ⬆️ 18% over where they were this time last year. While that is a long way off from a 20% drop, we don't know what the future holds. The best thing you can do to prepare is lock in your housing expenses for as long as you can. That may mean a longer lease or maybe buying now with a fixed interest rate. Even if the unlikely happens and the market crashes, or inflation continues, this helps protect you by stabilizing your housing costs. For a personalized market assessment and learn what rates you could qualify for, contact us to get the process started. 🏠 Useful Resources 🏠 → https://www.rebeccarichardsonmortgage.com/resources 📱 Book a FREE 15-min call! 📱 → https://calendly.com/rebeccarichardson/15min 👀 POPULAR PLAYLISTS 👀 Choosing a Lender → https://bit.ly/33iGNo1 The Loan Process → https://bit.ly/33jkVJ3 Choosing a Mortgage Strategy → https://bit.ly/3uNSe2q Shopping Your Loan → https://bit.ly/3LuQp04 Homebuyer FAQs (Shorts) → https://bit.ly/3sAyvAj First Time Home Buyers → https://bit.ly/3gEbx61 Separation & Divorce → https://bit.ly/3Luv6Md 🏡 MUST WATCH Videos 🏡 Starting the Loan Process → https://youtu.be/aiPIcCSQdIU What Documents Do You Need? → https://youtu.be/lb6Tx_XNVYs How to Make a Strong Offer → https://youtu.be/zceO2RiFKkc Preapproved for a Payment, Not a Price → https://youtu.be/SzZ77D9Px4g How Mortgage Rates Work → https://youtu.be/MqfhHOJ5Ti0 💥 Follow me on Social Media 💥 → Tiktok: https://bit.ly/34VUTMB → Instagram: https://bit.ly/3rLy5rS → LinkedIn: https://bit.ly/3oJLuyq _________________________________ As The Mortgage Mentor, I'm here to help translate industry jargon into everyday language so you can confidently choose a mortgage strategy that saves you time and money. Rebecca Richardson, AMP Mortgage Loan Officer team@themortgagementor.co NMLS #91445
Closing Costs vs. Prepaids
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Closing Costs vs. Prepaids

This industry is full of confusing terms and concepts. But one that’s at the top of the list is closing costs vs. prepaid costs. They are both paid at the time of closing but are categorized differently for the sake of figuring out your monthly mortgage payment. 👉 Prepaid costs – the money set aside to cover taxes and insurance 👉 Closing costs – lender and title fees Prepaid costs are the same regardless of the lender you choose, and title fees are determined by the title company. But they all are paid at closing. If these and a few other terms you’ve been reading about seem a little confusing, stick around, follow me and I’ll help you understand this home buying stuff and help get you into your dream home. 🏠 Useful Resources 🏠 → https://www.rebeccarichardsonmortgage.com/resources 📱 Book a FREE 15-min call! 📱 → https://calendly.com/rebeccarichardson/15min 👀 POPULAR PLAYLISTS 👀 Choosing a Lender → https://bit.ly/33iGNo1 The Loan Process → https://bit.ly/33jkVJ3 Choosing a Mortgage Strategy → https://bit.ly/3uNSe2q Shopping Your Loan → https://bit.ly/3LuQp04 Homebuyer FAQs (Shorts) → https://bit.ly/3sAyvAj First Time Home Buyers → https://bit.ly/3gEbx61 Separation & Divorce → https://bit.ly/3Luv6Md 🏡 MUST WATCH Videos 🏡 Starting the Loan Process → https://youtu.be/aiPIcCSQdIU What Documents Do You Need? → https://youtu.be/lb6Tx_XNVYs How to Make a Strong Offer → https://youtu.be/zceO2RiFKkc Preapproved for a Payment, Not a Price → https://youtu.be/SzZ77D9Px4g How Mortgage Rates Work → https://youtu.be/MqfhHOJ5Ti0 💥 Follow me on Social Media 💥 → Tiktok: https://bit.ly/34VUTMB → Instagram: https://bit.ly/3rLy5rS → LinkedIn: https://bit.ly/3oJLuyq _________________________________ As The Mortgage Mentor, I'm here to help translate industry jargon into everyday language so you can confidently choose a mortgage strategy that saves you time and money. Rebecca Richardson, AMP Mortgage Loan Officer team@themortgagementor.co NMLS #91445
How Do Escrow Accounts Work?
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How Do Escrow Accounts Work?

You found your dream 🏠. It is under your budget. At least you think it is. You looked at the asking price, plugged it into an online calculator using the latest advertised interest rates with the desired loan term and came up with a solid number for the mortgage. It’s $1,950 which is below your $2,000 budget. But look closer. That $1,950 is just for principal and interest for the mortgage. That doesn’t factor in your escrow. Yep, a mortgage is actually more than the principal and interest you pay for the home. It also includes what is called escrow – the part of your payment that’s for property taxes and homeowner’s insurance. You can call it PITI for short. Escrow payments are calculated by taking the total annual costs of those two things, divided by 12 and added to your monthly principal and interest. The cool thing about these costs is that your mortgage company then pays your taxes and insurance when they come due. Another quirk no one tells you about, though, when buying your first home – your mortgage payment could change if your property taxes and insurance changes. Follow me for more mortgage tips. Looking to buy, contact us to get the process started. 🏠 Useful Resources 🏠 → https://www.rebeccarichardsonmortgage.com/resources 📱 Book a FREE 15-min call! 📱 → https://calendly.com/rebeccarichardson/15min 👀 POPULAR PLAYLISTS 👀 Choosing a Lender → https://bit.ly/33iGNo1 The Loan Process → https://bit.ly/33jkVJ3 Choosing a Mortgage Strategy → https://bit.ly/3uNSe2q Shopping Your Loan → https://bit.ly/3LuQp04 Homebuyer FAQs (Shorts) → https://bit.ly/3sAyvAj First Time Home Buyers → https://bit.ly/3gEbx61 Separation & Divorce → https://bit.ly/3Luv6Md 🏡 MUST WATCH Videos 🏡 Starting the Loan Process → https://youtu.be/aiPIcCSQdIU What Documents Do You Need? → https://youtu.be/lb6Tx_XNVYs How to Make a Strong Offer → https://youtu.be/zceO2RiFKkc Preapproved for a Payment, Not a Price → https://youtu.be/SzZ77D9Px4g How Mortgage Rates Work → https://youtu.be/MqfhHOJ5Ti0 💥 Follow me on Social Media 💥 → Tiktok: https://bit.ly/34VUTMB → Instagram: https://bit.ly/3rLy5rS → LinkedIn: https://bit.ly/3oJLuyq _________________________________ As The Mortgage Mentor, I'm here to help translate industry jargon into everyday language so you can confidently choose a mortgage strategy that saves you time and money. Rebecca Richardson, AMP Mortgage Loan Officer team@themortgagementor.co NMLS #91445
One Time Close Process
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One Time Close Process

It’s got a nice ring to it but just what is OTC? Well, for those who want to buy a piece of land then build on it, they can use a loan termed as a one-time-close (OTC) loan. That is one way you can go from a vacant lot to your dream home. But how does it work? Let’s look at the two elements of the deal – the lot and the home. 👉 Start with preapproval and set a budget 👉 Decide on the floor plan 👉 Choose a builder 👉 Get build costs 👉 Find land and put under contract 👉 Loan process begins with both the buyer and builder underwritten 👉 Loan approved and close on land 👉 Construction can begin It definitely is more complex and not for everybody. But if it’s something you’re considering let’s talk, I have done this myself and helped homeowners like you figure out their best options. So reach out to me today to get started. 🏠 Useful Resources 🏠 → https://www.rebeccarichardsonmortgage.com/resources 📱 Book a FREE 15-min call! 📱 → https://calendly.com/rebeccarichardson/15min 👀 POPULAR PLAYLISTS 👀 Choosing a Lender → https://bit.ly/33iGNo1 The Loan Process → https://bit.ly/33jkVJ3 Choosing a Mortgage Strategy → https://bit.ly/3uNSe2q Shopping Your Loan → https://bit.ly/3LuQp04 Homebuyer FAQs (Shorts) → https://bit.ly/3sAyvAj First Time Home Buyers → https://bit.ly/3gEbx61 Separation & Divorce → https://bit.ly/3Luv6Md 🏡 MUST WATCH Videos 🏡 Starting the Loan Process → https://youtu.be/aiPIcCSQdIU What Documents Do You Need? → https://youtu.be/lb6Tx_XNVYs How to Make a Strong Offer → https://youtu.be/zceO2RiFKkc Preapproved for a Payment, Not a Price → https://youtu.be/SzZ77D9Px4g How Mortgage Rates Work → https://youtu.be/MqfhHOJ5Ti0 💥 Follow me on Social Media 💥 → Tiktok: https://bit.ly/34VUTMB → Instagram: https://bit.ly/3rLy5rS → LinkedIn: https://bit.ly/3oJLuyq _________________________________ As The Mortgage Mentor, I'm here to help translate industry jargon into everyday language so you can confidently choose a mortgage strategy that saves you time and money. Rebecca Richardson, AMP Mortgage Loan Officer team@themortgagementor.co NMLS #91445
Easy Way to Pay Off Your Loan Faster
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Easy Way to Pay Off Your Loan Faster

People love to talk about the power of biweekly payments to pay off a loan faster. What they don’t tell you is not every loan or lender allows it and if they do there are some extra steps and sometimes fees involved. For example, some lenders want you to pay an entire monthly mortgage payment ahead before they will let you start paying biweekly. Here’s another thing to try that’s easier to do: Pay extra to your principal (no, not the one at your kid’s school) The principal on your loan. When you make your mortgage payment, you’re paying principal and interest. Those payments stay the same, but the allocation slowly shifts from interest to principal. Yes, you are paying mostly interest in the early years of the loan. Most loan companies will apply any extra funds above the set payment to principal. Which makes that shift happen even faster and the impact can be huge. This builds your equity faster and lowers the overall amount you pay for your mortgage. You don’t have to set up anything formally and you can even adjust what you send based on your budget. It’s crazy what even an extra $100 month 💵 can do. If you are looking to buy a home now, reach out to me and my team at team@themortgagementor.co and we can get you started today. 🏠 Useful Resources 🏠 → https://www.rebeccarichardsonmortgage.com/resources 📱 Book a FREE 15-min call! 📱 → https://calendly.com/rebeccarichardson/15min 👀 POPULAR PLAYLISTS 👀 Choosing a Lender → https://bit.ly/33iGNo1 The Loan Process → https://bit.ly/33jkVJ3 Choosing a Mortgage Strategy → https://bit.ly/3uNSe2q Shopping Your Loan → https://bit.ly/3LuQp04 Homebuyer FAQs (Shorts) → https://bit.ly/3sAyvAj First Time Home Buyers → https://bit.ly/3gEbx61 Separation & Divorce → https://bit.ly/3Luv6Md 🏡 MUST WATCH Videos 🏡 Starting the Loan Process → https://youtu.be/aiPIcCSQdIU What Documents Do You Need? → https://youtu.be/lb6Tx_XNVYs How to Make a Strong Offer → https://youtu.be/zceO2RiFKkc Preapproved for a Payment, Not a Price → https://youtu.be/SzZ77D9Px4g How Mortgage Rates Work → https://youtu.be/MqfhHOJ5Ti0 💥 Follow me on Social Media 💥 → Tiktok: https://bit.ly/34VUTMB → Instagram: https://bit.ly/3rLy5rS → LinkedIn: https://bit.ly/3oJLuyq _________________________________ As The Mortgage Mentor, I'm here to help translate industry jargon into everyday language so you can confidently choose a mortgage strategy that saves you time and money. Rebecca Richardson, AMP Mortgage Loan Officer team@themortgagementor.co NMLS #91445
What Happens If Rates Drop?
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What Happens If Rates Drop?

Not all rates are created equal. Therefore, not all “rate drops” are created equal. Let’s say that last week’s rate was at 5.5% and that you didn’t have to pay anything extra – like points – to get that rate. Now let’s say that this week rates got better. Does that mean that your rate is now 5.0%? Probably not. What it probably means is it’s the same rate, but maybe you’re getting a credit from the lender or if you were paying points, fewer points need to be paid. Interest rates are based off mortgage-backed securities, which go up and down throughout the day and even change day to day. Most lenders will require that the market moves enough that the difference is equal to a quarter in rate or about one point or 1% of your loan. Today’s fluctuations typically won’t result in your terms improving because there’s normally just not that much variance. However, if you do see big shifts, talk to your loan officer. You don’t lose anything by them at least taking a look. It could just lead to a lower mortgage payment. To check on what rates you can qualify for or more mortgage tips follow me. 🏠 Useful Resources 🏠 → https://www.rebeccarichardsonmortgage.com/resources 📱 Book a FREE 15-min call! 📱 → https://calendly.com/rebeccarichardson/15min 👀 POPULAR PLAYLISTS 👀 Choosing a Lender → https://bit.ly/33iGNo1 The Loan Process → https://bit.ly/33jkVJ3 Choosing a Mortgage Strategy → https://bit.ly/3uNSe2q Shopping Your Loan → https://bit.ly/3LuQp04 Homebuyer FAQs (Shorts) → https://bit.ly/3sAyvAj First Time Home Buyers → https://bit.ly/3gEbx61 Separation & Divorce → https://bit.ly/3Luv6Md 🏡 MUST WATCH Videos 🏡 Starting the Loan Process → https://youtu.be/aiPIcCSQdIU What Documents Do You Need? → https://youtu.be/lb6Tx_XNVYs How to Make a Strong Offer → https://youtu.be/zceO2RiFKkc Preapproved for a Payment, Not a Price → https://youtu.be/SzZ77D9Px4g How Mortgage Rates Work → https://youtu.be/MqfhHOJ5Ti0 💥 Follow me on Social Media 💥 → Tiktok: https://bit.ly/34VUTMB → Instagram: https://bit.ly/3rLy5rS → LinkedIn: https://bit.ly/3oJLuyq _________________________________ As The Mortgage Mentor, I'm here to help translate industry jargon into everyday language so you can confidently choose a mortgage strategy that saves you time and money. Rebecca Richardson, AMP Mortgage Loan Officer team@themortgagementor.co NMLS #91445
Removing PMI Without Refinancing
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Removing PMI Without Refinancing

Is your budget getting a little tight with all of these costs ⬆️? ⛽️. 🥛. 💡. You name it. It’s not like your salary is going up immediately or at the same rate, so how can you get a raise by ⬇️ some bills? Dropping the PMI on your mortgage is one way. And it can be done without doing a complete mortgage refinance. In some cases, the PMI – or private mortgage insurance – can’t ever be removed or you have to pay your loan on time for a few years. But in some cases, like if you have a conventional loan and home values have gone up, all you may need is a new appraisal. My team and I are available to help. Follow me or reach out to us to start the process. 🏠 Useful Resources 🏠 → https://www.rebeccarichardsonmortgage.com/resources 📱 Book a FREE 15-min call! 📱 → https://calendly.com/rebeccarichardson/15min 👀 POPULAR PLAYLISTS 👀 Choosing a Lender → https://bit.ly/33iGNo1 The Loan Process → https://bit.ly/33jkVJ3 Choosing a Mortgage Strategy → https://bit.ly/3uNSe2q Shopping Your Loan → https://bit.ly/3LuQp04 Homebuyer FAQs (Shorts) → https://bit.ly/3sAyvAj First Time Home Buyers → https://bit.ly/3gEbx61 Separation & Divorce → https://bit.ly/3Luv6Md 🏡 MUST WATCH Videos 🏡 Starting the Loan Process → https://youtu.be/aiPIcCSQdIU What Documents Do You Need? → https://youtu.be/lb6Tx_XNVYs How to Make a Strong Offer → https://youtu.be/zceO2RiFKkc Preapproved for a Payment, Not a Price → https://youtu.be/SzZ77D9Px4g How Mortgage Rates Work → https://youtu.be/MqfhHOJ5Ti0 💥 Follow me on Social Media 💥 → Tiktok: https://bit.ly/34VUTMB → Instagram: https://bit.ly/3rLy5rS → LinkedIn: https://bit.ly/3oJLuyq _________________________________ As The Mortgage Mentor, I'm here to help translate industry jargon into everyday language so you can confidently choose a mortgage strategy that saves you time and money. Rebecca Richardson, AMP Mortgage Loan Officer team@themortgagementor.co NMLS #91445
Building a Team You Trust
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Building a Team You Trust

You know that feeling of you don’t know what you don’t know? Kinda like what it could feel like the whole time you’re buying a home. Besides anyone you are buying the home with, there are two people who are as big a part of any home purchase as anyone else – your lender and your real estate agent. But how do you know they are teammates you can trust? Start with a few basic questions. Ask your Lender: When will you be available for questions or info needed for closing? What is your experience with my particular situation and how should we expect to communicate and share documents? What are your rates and fees and will you help me understand them so I can make apples-to-apples comparisons? Ask your Realtor: What areas or type of homes do you specialize in? What will the research and selection process look like? What specific things should I know about the market? As for choosing a lender, communication is the key. You should be comfortable they are experienced and can help you no matter your needs. As your Mortgage Mentor, I’m licensed in dozens of states and helped thousands of homebuyers. Reach out to us today to get the process started. 🏠 Useful Resources 🏠 → https://www.rebeccarichardsonmortgage.com/resources 📱 Book a FREE 15-min call! 📱 → https://calendly.com/rebeccarichardson/15min 👀 POPULAR PLAYLISTS 👀 Choosing a Lender → https://bit.ly/33iGNo1 The Loan Process → https://bit.ly/33jkVJ3 Choosing a Mortgage Strategy → https://bit.ly/3uNSe2q Shopping Your Loan → https://bit.ly/3LuQp04 Homebuyer FAQs (Shorts) → https://bit.ly/3sAyvAj First Time Home Buyers → https://bit.ly/3gEbx61 Separation & Divorce → https://bit.ly/3Luv6Md 🏡 MUST WATCH Videos 🏡 Starting the Loan Process → https://youtu.be/aiPIcCSQdIU What Documents Do You Need? → https://youtu.be/lb6Tx_XNVYs How to Make a Strong Offer → https://youtu.be/zceO2RiFKkc Preapproved for a Payment, Not a Price → https://youtu.be/SzZ77D9Px4g How Mortgage Rates Work → https://youtu.be/MqfhHOJ5Ti0 💥 Follow me on Social Media 💥 → Tiktok: https://bit.ly/34VUTMB → Instagram: https://bit.ly/3rLy5rS → LinkedIn: https://bit.ly/3oJLuyq _________________________________ As The Mortgage Mentor, I'm here to help translate industry jargon into everyday language so you can confidently choose a mortgage strategy that saves you time and money. Rebecca Richardson, AMP Mortgage Loan Officer team@themortgagementor.co NMLS #91445
Will There Be Unexpected Fees?
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Will There Be Unexpected Fees?

Confused about closing costs? Mortgage pros see all kinds of different closing documents and can help decipher those estimates for you. Luckily for you, you don’t have to worry because mortgage regulations require lenders disclose estimates of these costs upfront as accurately as is reasonably possible. Even though some costs are disclosed upfront, they can and do change. Here’s a quick rundown of what can and can’t change: 👉 Can’t – Costs tied to program lender and rate 👉 Can - 3rd party fees charged by the lender could change by ~10% . 👉 Can - 3rd party fees based on which provider you choose & taxes and insurance Follow me for more mortgage tips. Looking to buy, contact us to get the process started. 🏠 Useful Resources 🏠 → https://www.rebeccarichardsonmortgage.com/resources 📱 Book a FREE 15-min call! 📱 → https://calendly.com/rebeccarichardson/15min 👀 POPULAR PLAYLISTS 👀 Choosing a Lender → https://bit.ly/33iGNo1 The Loan Process → https://bit.ly/33jkVJ3 Choosing a Mortgage Strategy → https://bit.ly/3uNSe2q Shopping Your Loan → https://bit.ly/3LuQp04 Homebuyer FAQs (Shorts) → https://bit.ly/3sAyvAj First Time Home Buyers → https://bit.ly/3gEbx61 Separation & Divorce → https://bit.ly/3Luv6Md 🏡 MUST WATCH Videos 🏡 Starting the Loan Process → https://youtu.be/aiPIcCSQdIU What Documents Do You Need? → https://youtu.be/lb6Tx_XNVYs How to Make a Strong Offer → https://youtu.be/zceO2RiFKkc Preapproved for a Payment, Not a Price → https://youtu.be/SzZ77D9Px4g How Mortgage Rates Work → https://youtu.be/MqfhHOJ5Ti0 💥 Follow me on Social Media 💥 → Tiktok: https://bit.ly/34VUTMB → Instagram: https://bit.ly/3rLy5rS → LinkedIn: https://bit.ly/3oJLuyq _________________________________ As The Mortgage Mentor, I'm here to help translate industry jargon into everyday language so you can confidently choose a mortgage strategy that saves you time and money. Rebecca Richardson, AMP Mortgage Loan Officer team@themortgagementor.co NMLS #91445
Which Rate Quote Can You Trust?
01:01

Which Rate Quote Can You Trust?

The mortgage process can be a little confusing for those who buy a home once every few years or less often. Understanding two of the biggest factors that make what you pay – rates and lender fees – takes a partner you can trust. But can you believe them if different lenders advertise different rates? One may have lower rates while the other may have lower fees. And while both may come highly recommended, you may not be sure how to select the right one for you. But why would they be so different? Well, it’s not like there’s one rate. Beyond factors that impact rates like your credit score and loan type, there’s the lender margin, which is how much lenders make on a particular loan. There are many factors that impact the profit margin like operational costs. Some of those costs can include things like expensive commercial buildings, expensive prime time TV ads, lots of managers with big salaries, and more. It all adds up. And it all can cost you. If you are looking to buy a home now, reach out to me and my team at team@themortgagementor.co and we can get you started today. 🏠 Useful Resources 🏠 → https://www.rebeccarichardsonmortgage.com/resources 📱 Book a FREE 15-min call! 📱 → https://calendly.com/rebeccarichardson/15min 👀 POPULAR PLAYLISTS 👀 Choosing a Lender → https://bit.ly/33iGNo1 The Loan Process → https://bit.ly/33jkVJ3 Choosing a Mortgage Strategy → https://bit.ly/3uNSe2q Shopping Your Loan → https://bit.ly/3LuQp04 Homebuyer FAQs (Shorts) → https://bit.ly/3sAyvAj First Time Home Buyers → https://bit.ly/3gEbx61 Separation & Divorce → https://bit.ly/3Luv6Md 🏡 MUST WATCH Videos 🏡 Starting the Loan Process → https://youtu.be/aiPIcCSQdIU What Documents Do You Need? → https://youtu.be/lb6Tx_XNVYs How to Make a Strong Offer → https://youtu.be/zceO2RiFKkc Preapproved for a Payment, Not a Price → https://youtu.be/SzZ77D9Px4g How Mortgage Rates Work → https://youtu.be/MqfhHOJ5Ti0 💥 Follow me on Social Media 💥 → Tiktok: https://bit.ly/34VUTMB → Instagram: https://bit.ly/3rLy5rS → LinkedIn: https://bit.ly/3oJLuyq _________________________________ As The Mortgage Mentor, I'm here to help translate industry jargon into everyday language so you can confidently choose a mortgage strategy that saves you time and money. Rebecca Richardson, AMP Mortgage Loan Officer team@themortgagementor.co NMLS #91445
Don't Assume, Look It Up
00:55

Don't Assume, Look It Up

A mistake I see too many lenders make that costs buyers 💰 or even the 🏡 they want is to assume instead of actually knowing the facts. It’s not out of malice. Mortgages are ruled by guidelines. There’s a rule for everything – how debts are calculated, what income can be used and why a seller can’t entice a buyer by throwing in a golf cart on the side. There is a lot to keep up with. My dad was a real estate attorney, so he had a lot to remember, too. When he graduated from law school, my grandmother gave him a gift that read, “Don’t assume, look it up.” Now I use it as a reminder that while it’s fun to talk shop and share all the random knowledge I have stored in my brain from years of helping homebuyers, it is important to remember it’s for an actual client’s scenario. It’s not trivia, or information to be used just to settle arguments, it’s somebody’s hopes, dreams and money. So don’t assume. Look it up and follow me so you can buy a home the smart way. 🏠 Useful Resources 🏠 → https://www.rebeccarichardsonmortgage.com/resources 📱 Book a FREE 15-min call! 📱 → https://calendly.com/rebeccarichardson/15min 👀 POPULAR PLAYLISTS 👀 Choosing a Lender → https://bit.ly/33iGNo1 The Loan Process → https://bit.ly/33jkVJ3 Choosing a Mortgage Strategy → https://bit.ly/3uNSe2q Shopping Your Loan → https://bit.ly/3LuQp04 Homebuyer FAQs (Shorts) → https://bit.ly/3sAyvAj First Time Home Buyers → https://bit.ly/3gEbx61 Separation & Divorce → https://bit.ly/3Luv6Md 🏡 MUST WATCH Videos 🏡 Starting the Loan Process → https://youtu.be/aiPIcCSQdIU What Documents Do You Need? → https://youtu.be/lb6Tx_XNVYs How to Make a Strong Offer → https://youtu.be/zceO2RiFKkc Preapproved for a Payment, Not a Price → https://youtu.be/SzZ77D9Px4g How Mortgage Rates Work → https://youtu.be/MqfhHOJ5Ti0 💥 Follow me on Social Media 💥 → Tiktok: https://bit.ly/34VUTMB → Instagram: https://bit.ly/3rLy5rS → LinkedIn: https://bit.ly/3oJLuyq _________________________________ As The Mortgage Mentor, I'm here to help translate industry jargon into everyday language so you can confidently choose a mortgage strategy that saves you time and money. Rebecca Richardson, AMP Mortgage Loan Officer team@themortgagementor.co NMLS #91445