Gil Forcade II, Mortgage Loan Originator, NMLS# 318575

🔊EXCITING NEWS!🔊
Conventional Loan limits are INCREASING in 2025!
Effective immediately, we're raising the limit on conforming loan limits for Conventional Loans, granting EARLY ACCESS to higher limits. We are thrilled to be able to offer these higher limits EARLY so buyers don't have to wait until 2025!

Home equity is the difference between what your home is worth and what you owe your lender. In other words, Home Value - Loan Balance = Home Equity. Want to learn how you can access your home's equity? Give me a call!

Did somebody say RATE CUTS? ✂️
This afternoon, the Federal Open Market Committee (FOMC) voted to cut the benchmark interest rate by 0.5% – the first rate cut in four years. What can you expect from the market moving forward? Read here: https://www.tggms.com/mysite/gil-forcade/blog/market-update-fed-cuts-benchmark-interest-rate-by-0-5-marking-the-first-reduction-in-four-years-2024-09-18

RATE ✂️ CUT!
This afternoon, the Federal Reserve announced a 0.5% cut to the benchmark interest rate, marking the first rate cut in 4 years. Stay tuned for today's blog to read more!

Ever noticed that the word “homeowner” has “meow” right in the middle? 🙀 With over 66% of households including at least one pet, buyers are increasingly prioritizing pet-friendly features when choosing homes and making renovations. Here’s how pets are shaping the current housing market: https://www.tggms.com/mysite/gil-forcade/blog/how-pets-are-shaping-home-buying-and-renovation-decisions-2024-09-12

On this day, we honor the lives lost on 9/11 and the heroes who showed incredible courage. Let us remember their sacrifice and continue to stand united in hope and resilience.

While waiting for your loan to close, don't switch jobs or quit your current job. Lenders like to see job stability, so a change in employment could hold up the loan process or jeopardize it altogether. If you're looking to make career moves, wait until after closing day!

As average down payment costs rise to the highest level in over ten years, can you still succeed in the housing market? Here’s what home buyers need to know about down payment assistance: https://www.tggms.com/mysite/gil-forcade/blog/down-payment-costs-rise-by-15-annually-here-s-how-to-keep-yours-low-2024-09-06

Are you financially prepared for an emergency? An emergency fund is money that you set aside to cover unexpected, expensive events—like sudden loss of job or major illness. How much money should you have in an emergency fund? Experts recommend that you should have three to nine months of living expenses set aside.

Happy Labor Day! When it comes to home financing, leave the work to us. Trust the experts to take the labor out of your home buying or refinancing journey!

Imagine finding your dream home on the market… just to learn its way over budget. How can you avoid this waking nightmare? Before you embark on your house hunting expedition, it’s a good idea to meet with a loan officer to set your budget. Here's what loan officers are looking at when determining how much home you can afford

Do you know how to calculate your home equity? It's relatively straightforward-- you simply subtract the amount you owe on your mortgage from the current market value of your home. Ready to take advantage of your home equity? Give me a call today!

Financial independence is a dream for most of us, and homeownership is a key tool to get there. Homeownership means freedom from a landlord, freedom from design that you didn’t choose, and freedom from rent that gives you no equity.

Happy National Dog Day from your friends at [company name]! Need a bigger yard FUR your best friend? Doggone tired of your apartment's strict pet policies? Renting can be RUFF, but your loyal friends at [company] can help finance your FURever home. Give me a call today!

Sell faster without lifting a finger! With our exclusive List & Lock™ program, you can sell your home faster, for a higher profit, WITHOUT lowering the listing price. And, the savings don't stop there! Ask me how our new List & Lock & SAVE advantage can save you up to $5,000 toward your next home purchase!

What does your financial report card show? Your credit report includes details about your credit history, including the number of open and closed credit accounts, your history of on-time and delinquent payments, accounts that are in collections, the number of times you've applied for credit, and more. You're entitled to a free copy of your credit report every 12 months. Go to AnnualCreditReport.com to request your copy!

What do NAR’s upcoming industry changes mean for you? Effective Saturday, August 17th, the National Association of REALTORS® (NAR) is implementing practice changes, including updates to compensation offers, written agreements, and communications with communities and consumers. Here’s what you need to know: https://www.tggms.com/mysite/gil-forcade/blog/effective-august-17th-preparing-for-nar-s-upcoming-industry-changes-2024-08-15

Did you know it's National Day? 🤔
Today we celebrate by reminding ourselves how important it is to achieve financial independence!
Purchasing and owning a home is one of the most common first steps to building wealth. When you own a home, you accumulate wealth in the form of equity as your home appreciates in value over time 💰 Are you ready to take the first step towards financial independence? Contact me today to get started on your preapproval!

Still think 20% down payment is required? Think again! FHA Loans allow down payment amounts as low as 3.5%

Ready to embark on your home buying endeavors? Purchasing a home is a major life decision, and you want to make sure you find a home that checks your most important boxes while avoiding money-draining surprises. Click here to look through home buying green and red flags: https://www.tggms.com/mysite/gil-forcade/blog/key-things-buyers-should-consider-when-purchasing-a-home-2024-08-08

It's back-to-school time! Are you ready for an A+ home buying experience? Now's the time to study up for your home purchase! It all starts with a preapproval, contact me today to take the first step!

"HOA" stands for Homeowners' Association, a non-profit organization that manages and maintains a community's assets, such as homes, properties, and common areas. "CC&Rs" stands for Declaration of Covenants, Conditions, and Restrictions. CC&Rs are the rules of the HOA community, which outline the rights and obligations of the HOA and its members. CC&Rs describe what can and can't be done with a property, and their goal is to preserve and enhance property values

BREAKING: Mortgage rates drop to the lowest level in over a year! Last week's big drop was a result of June's collection of employment reports, which came in below expectations and point to weakness in the jobs market. Consequently, the average 30-year fixed mortgage rate fell to its lowest level since April 2023

Though the Federal Open Market Committee (FOMC) did not cut rates yesterday, mortgage rates still trended lower. In fact, the average 30-year mortgage rate officially dropped to its lowest level since late 2023, according to Mortgage News Daily’s rate index. Read more in the market update: https://www.tggms.com/mysite/gil-forcade/blog/market-update-rates-drop-to-lowest-levels-of-the-year-after-fed-announcement-2024-08-01

When it comes to home financing, you deserve a lender who will bend over backwards for your unique needs! at The Gibraltar Group Mortgage, we have flexible mortgage options for every budget. Whether you're looking to buy, sell, refinance, or renovate, we're here to help you stick the landing!