Dori Lundgren - Academy Mortgage

You can take out a home loan for one of three property types: a primary home, a second residence, or an investment (rental) property. The type of property you purchase can influence the interest rate you qualify for—impacting how much you pay for your mortgage. You can read all about it here: https://tinyurl.com/dny38kae

Which property type is right for you? Contact me for a personalized assessment, and I can help you explore your options.

The Federal Reserve just increased rates for the 5th time this year. This is another step in the continued fight against inflation. Usually, we see higher mortgage rates in times of inflation, while an economic slowdown or recession can have the opposite effect, potentially triggering a mortgage rate decline.
So, what’s going to happen to mortgage rates? Keep reading to find out - "https://tinyurl.com/2p8eff3d"

Americans keep voting real estate as the “best investment”—even above stocks, gold, bonds, and CDs. But why? It’s likely because owning a home is how most people in the U.S. build their prosperity. If you’re ready to become a homeowner: Take a look at this infographic, and then contact me to find out if the time is right - https://tinyurl.com/2eejmpwa

Consolidate your finances with your mortgage thanks to an Accessory Dwelling Unit (ADU) Loan!
An ADU Loan gives homeowners the chance to consolidate their construction loans and their mortgage into one loan, as well as use the rental income of the ADU to qualify for more home when purchasing. Call me today, and see if an ADU Loan is right for you.

NEW! $715,000 Conventional Loan Limit!
Have you heard about the new conforming loan limit of $715,000? ($1,073,000 in Alaska and Hawaii.) You don’t have to meet the higher requirements of a Jumbo Loan! CALL ME today about this great opportunity to buy!

Great news for homebuyers: We’re shifting out of a seller’s market, so asking a seller to pay part of your closing costs (also called seller concessions) is once again possible. Seller concessions could also cover lender fees, discount points to buy down your rate, appraisals, and any other expenses, except for your down payment.

Could seller concessions make it easier for you to buy a house? Get in touch to find out.

Are you trying to figure out the right time to list? This season has some unique opportunities. Here are the top 5: https://tinyurl.com/ywacvywa

If you have questions about selling, I’d love to help. I can present you with the pros and cons based on your unique market and help you determine when the time is right. Just give me a call or shoot me a message.

What happens if we enter a recession? Housing prices probably won’t drop—but mortgage rates might. Take a look at the historical data to see how the housing market has fared in past recessions. It’s not as bad as many people think. In fact, if rates decline again, homebuyers could see some benefits: https://tinyurl.com/42swzxkx

The market is always changing. Contact me if you need personalized guidance.

Is it still a good time to buy a house? Homebuyers who purchase this fall have at least 5 advantages. 1) More listings are becoming available. 2) In the fall, you’re likely to see less buyer competition. 3) You can purchase at today’s rate; next year’s mortgage rates may be higher. 4) You could take advantage of seasonal price drops. 5) You can start building your prosperity—through home equity.

Click here to read the full article: https://tinyurl.com/ywacvywa

Does buying this fall make sense for you? I’d love to help you find out. If you have time for a quick chat, send me a message.

Your credit score affects the mortgage rate you qualify for—which affects your monthly payment. If you want to keep your mortgage affordable, it can help to get acquainted with these 5 factors.

Got questions? I’m here to help. I can also share some short-term credit-boosting tips you can start using right away.

With interest rates rising, you may be looking for a way to get into your new home with a lower interest rate. A Temporary Buydown lets you do exactly that! By having a lower introductory interest rate that scales to your locked interest rate after a set period of time, you can enjoy lower monthly payments during the initial term of your loan. A Temporary Buydown could be the difference in getting your dream home—give me a call!

A flipped house makes a strong impression, but is it really your smartest choice? Oftentimes, flippers are concerned with maximizing profit. This can come at the expense of a job well done. You can read all about this here: https://tinyurl.com/yckbchnm

The other option is to buy and customize your own house, an option that many of today’s homebuyers are considering so they can ensure they find a home they love. Contact me to learn how you could use an all-in-one Renovation Loan to bring your dream home to life.

Here’s what’s really mind-blowing about this mortgage myth: The avg. down payment is actually much lower than you’d expect, and some loans don’t even require one. Let’s set up a call to see what you qualify for.

Don't be held back by FOBO. Bid fearlessly, knowing your offer has already been reviewed by an underwriter and can close more than twice as fast as other offers with Pre-Approval+. Contact me today to take advantage of Pre-Approval+, the next step to the future.

When mortgage rates increase, as they currently are, demand for ARMs also increases. That’s because ARM payments typically start out cheaper, before rising after a set, fixed period of time.

Wondering if an ARM is right for you? I’d love to help: Let’s go over the pros and cons and help you make your smartest decision.

There’s a lot going on right now, and your homebuyers are bound to have concerns. I’d love it if we could work together to ease their minds about the potential impact of inflation. Feel free to share this graphic with your database and also let your buyers know that they can message me any time with any questions.

Americans are on the move. According to recent Redfin stats, a record number of homebuyers—more than 30%!—are looking to relocate. (Redfin, 2022) Contact me if you want to find out why.

*Please share this with your buyers!* It’s important to remember that: 1) The longer you wait to buy a house, the more it may cost you. 2) If you’re ready and able to become a homeowner, you can count on the fact that your home value is likely to increase, helping to build your prosperity. Reach out to me to find out if buying a house this summer makes sense.

*The Federal Reserve just announced another benchmark rate increase.* If you’re thinking about buying a house, it’s helpful to keep in mind that: 1) These rate hikes have a purpose—to curb inflation. 2) Mortgage rates are still historically low. 3) A 0.75% Fed rate hike doesn’t mean a 0.75% mortgage rate increase. 4) The Fed rate hike may have already been “baked in” to current mortgage rates (because lenders knew it was coming).

Amazingly, mortgage rates have actually *decreased* since the Fed made its announcement. This rate drop may only be temporary, however—and it could present a great opportunity to find the affordable mortgage you’ve been looking for. Contact me to discuss your options.

In a recent study, 63% of people said they want to own because they’ll gain more flexibility over their space. (LendingTree, 2022) Can you relate? Contact me to learn more about your homeownership options.

Do your buyers need a little help putting together a down payment? These ideas can help them to achieve their dream of homeownership—fast. Your buyers can reach out anytime to discuss these options.

Are you getting questions about a housing bubble? Here’s some information you could share with your clients to help address some of their concerns.
Leading up to 2008, mortgage lending standards were a lot more lax. As a result: Many buyers weren’t properly qualified and prepared to take on a mortgage. This caused an unprecedented number of foreclosures to flood the market. Right now, the same crisis just isn’t possible. Your clients can contact me directly for personalized guidance.

Ask these unexpected questions: How do you handle bidding wars? Do you specialize in certain neighborhoods? How quickly do you respond to texts/emails? What did you do before you became an agent?

Reach out to me if you haven’t found the right Realtor yet. I’d be happy to refer you to a great one.

This summer is a great season to be a home seller. But the *real* reason you want to sell can often supersede the financials and tell you if it’s worth the wait.

Maybe you’re hoping to move to a new neighborhood, city, or state. Maybe it’s time to find the right house to better accommodate your pets and family. Whatever you’re dreaming of, get in touch so we can make your next chapter possible.

Wishing you a safe and happy 4th of July celebration!

A Non-Qualifying Mortgage could be the answer.
No matter the situation, we are here to help. If you are looking to buy your new house but would rather wait to sell after the purchase, we can help you do just that. If you’d like to learn more about our Non-QM loans, give me a call!