Inflation and Homebuying
We know this is a tough market with extremely low inventory and to make things more uncertain we are also in a rising mortgage interest rate environment. The Federal Reserve is changing its fiscal policy to help slow and reduce inflation which in turn causes mortgage rates to climb.
We know this is a tough market with extremely low inventory and to make things more uncertain we are also in a rising mortgage interest rate environment. The Federal Reserve is changing its fiscal policy to help slow and reduce inflation which in turn causes mortgage rates to climb.
If you’re a Real Estate Agent out showing homes OR if you’re a buyer out looking at homes, please check in with your Loan Officer immediately to confirm you are still qualified and comfortable with the new updated mortgage terms.
Inflation and Homebuying
Someone who was pre-approved last year when the rates were in the 2s or 3s might no longer qualify for the price range they want when rates climb up into the 4s and 5s. Even buyers who were pre-approved last month may not qualify as rates have risen almost 1% again over the last two weeks!
Likewise if you are listing a home and accepting an offer from a buyer using financing, be sure to verify that the pre-approval has been updated within the last week so you know the potential buyer still qualifies for their mortgage terms.
Thorough Mortgage Consultation
At Applied Mortgage we complete a thorough Mortgage Consultation for each buyer to review maximum price range, monthly budget, costs to close, and loan programs available. Every preapproved customer has had their credit check and financials reviewed and information run through our automated underwriting system. We check in weekly with our preapproved customers who are out searching to address any potential change to their needs while they are home searching.
Please keep an eye on out for educational market updates by following us on
Live Budget Workshop
Are you struggling to sort out your finances in a shifting time? Are you adjusting to less money coming in every week with the same bills? Do you want to understand how to make a budget and stick to it? That's exactly what we are going to focus on in this workshop
Applied Mortgage presents Facebook LIVE: create your own budget workshop.
FB Live Budget Workshop with Lindsay
Are you struggling to sort out your finances in a shifting time? Are you adjusting to less money coming in every week with the same bills? Do you want to understand how to make a budget and stick to it? That's exactly what we are going to focus on in this workshop
What: Facebook LIVE Create your budget workshop
When: April 9th from 5-5:45pm (30 minute presentation followed by a 15 minute Q&A)
Where: Facebook LIVE
Host: Lindsay Barron LaBonte - Loan Originator, Applied Mortgage from Applied Mortgage
Full Description:
Join Lindsay LaBonte from Applied Mortgage on Thursday 4/9 at 5pm for a 30 minute LIVE Facebook event.
Learn some real life budget hacks including:
💵 Where your money is actually going
💵 Trim expenses you might not even know you were paying
💵 Create a budget worksheet
💰 Maintain a savings goal
This presentation will include an opportunity to ask Lindsay questions LIVE during the presentation!
Here's a great video from our online resources that will help you to be prepared for this LIVE workshop: https://www.appliedmortgageteam.com/planning-phase/gathering-financial-documents
Other online resources that will be helpful:
Budget worksheet (will be used during the presentation) - http://appliedmortgageteam.com/s/BudgetingSpreadsheet.xlsx
Funds to close worksheet - http://appliedmortgageteam.com/s/Know-Your-Budget.docx
Know your Budget fact sheet - http://appliedmortgageteam.com/s/Calculating-Funds-to-Close.docx
If you would like support right away with your budget or homebuying process, click the button below to get started!
Planning Phase Introduction
In this section of our educational blog we cover the entire planning phase of buying your home from what documents you need to start gathering to what the credit check process looks like. Click the read more to watch our educational video!
Planning phase introduction.
Welcome to the Planning Phase of Home Buying
In this section of our educational blog we cover the entire planning phase of buying your home from what documents you need to start gathering to what the credit check process looks like.
Someone you can trust
We know that it can be difficult sometimes to share your financial information with a person you are meeting for the first time, so we take this time to set your mind at ease with our professional staff who has over 60 years of mortgage experience.
Someone you can trust.
Someone you can trust
We know that it can be difficult sometimes to share your financial information with a person you are meeting for the first time, so we take this time to set your mind at ease with our professional staff who has over 60 years of mortgage experience.
Gathering Financial Documents
In this section we discuss what financial documents you will need to gather in order to start the application process for your future home loan.
Gathering financial documents.
Gathering Financial Documents
In this section we discuss what financial documents you will need to gather in order to start the application process for your future home loan.