“How wonderful it is that nobody need wait a single moment before starting to improve the world.” Anonymous
We are experiencing an unusual real estate market convergence of robust home sales, the highest home values we have ever seen, and the lowest mortgage rates we have ever seen. These three factors, rarely ever seen operating together, are like walking into a master design studio full of problem-solving tools and innovative ideas hanging on every hook. As a result, you can redesign your home, your finances, and your lifestyle. Don’t wait too late to get started, though.
The market is always moving. This week we were surprised by mortgage rates dipping lower than we have seen since February. The Federal Reserve assured investors they would give plenty of notice before tapering off on the mortgage-backed security bond buying. The Fed’s aggressive bond-buying has been a critical reason mortgage rates have remained artificially low for over a year.
Inflation metrics have been running hot. We are seeing strong economic numbers and the lowest number of Covid-19 cases since the beginning of the pandemic. Usually, these factors would send mortgage rates spiking higher.
Here are some common customer goals we see in the mortgage office:
1. First-time homebuyers are slamming the door on rising rents and opening the door to buying their first home.
2. Home sellers are taking their profits to leverage up to a larger house. The low interest rate still makes this a good deal even though the person selling their home will need to buy another home which has also gone up in price.
3. Homeowners are refinancing to pay off their mortgage sooner, eliminating years of payments.
4. Homeowners are refinancing with a cash-out to get rid of other high-interest rate debt, freeing up money each month to apply to paying down more debt quicker at a lower interest rate. Many times the client is remodeling the home or investing in a business or other endeavor.
Homeowners, home buyers, and home sellers are moving quickly in this market. They are looking for home repair pros, realtors, mortgage lenders, closing attorneys, and more as they redesign their finances, home, and lifestyle. As a real estate or mortgage professional, when you are already well-connected to these knowledgeable professionals, you become a more valuable resource. You are like a one-stop shop for your customer.
NMLS# 757308 (currently working with Sierra Pacific Mortgage, Inc Cordova, TN NMLS # 1788 An Equal Housing Lender)
“Whatever YOUR personal priorities are, my job is to help you get the mortgage terms that will give you bragging rights when you talk about it and help you score on hitting your goals .”
As a mortgage loan officer, my job is to help you get to the benefits you want from your financing terms. What is most important to you? I can help you find the financing terms that will help you get to what you want. What is your comfort level on a house payment? How much are you comfortable paying down,? What type of financing do you need to get the house you want to buy or refinance?
Different clients have different priorities in life—some are buying their first home with very little down payment funds. Some are recovering from medical challenges, divorces or preparing to send children to college and some are embarking on a long term goal of buying properties to build rental income.”
Jo Garner is a mortgage officer with extensive knowledge in tailoring mortgages to her customers who are refinancing or purchasing homes all over the country. She offers conventional, FHA, VA or other loan programs for refinancing and purchases.
Jo can help you look at rent vs buy, when it makes sense to refinance, how to get the best deal on your home purchase financing.
Jo Garner has been in the real estate/financing business for over 25 years. She got her start in Portland, Maine where she first began her real estate career. She received her real estate education from the University of Southern Maine and was personally mentored in San Diego, California by Robert G. Allen, author of Nothing Down, Creating Wealth and The Challenge.
On moving back to West Tennessee in 1987, she went into business buying and selling discounted owner-financed notes secured on real estate. In 1990 Jo went to work for a residential mortgage company and has been a mortgage loan officer for over 25 years. Her goal is to offer excellent, affordable service to her customers, tailoring the loan programs to the specific needs of her clients.
In addition to her work in the mortgage field, Jo Garner is the primary sponsor and founder of Talk Shoppe in Memphis. www.TalkShoppe.com
Jo Garner also host the radio show Real Estate Mortgage Shoppe airing on News Radio AM 600 WREC and iHeart Radio with podcasts and show notes published on www.JoGarner.com.
Pick up her book “Choosing the Best Mortgage-The Quickest Way to the Life You Want on Amazon.com and BarnesandNoble.com .
www.JoGarner.com
Email Jo Garner about this article
