What is a Buydown?
There are two definitions in the mortgage industry for a buydown. One is most common and simply means the borrower pays points to buy the rate down for the life of the loan (a one-time upfront cost for a longer-term benefit). You can refer to my blog post here where I...What is an ARM and is it the Right Loan for You?
A Fixed Rate Mortgage is the most common type of loan: The rate and payment is fixed for the life of the loan, depending on the fixed term you choose, with no opportunity for adjustment. An ARM is fixed for a set period of years (typically 5, 7 or 10) and then...My 21st Year in the Business!
Today is my 21st anniversary in the mortgage business! I’ve been through quite the ups and downs, from rates being 8.0% when I started, going through the credit crunch era/housing bubble burst of 2008, the wildly low 2%/3% rates of 2020 and 2021, and now the...New Program Announcement: “Cash Compete” Loan
Have you lost out on a home because the seller chose an all-cash offer over yours? It can be quite frustrating, but one of my lenders is now offering a solution, called the “cash compete” loan. This will allow you to offer all cash on a property you would like to...Loan Calculator
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