Jade Purdy at Broker Brothers Mortgage

❤️🤍💙

Happy Saturday!

If you’re considering buying a home, you’ve probably heard the terms "pre-qualification" and "pre-approval." While they might sound similar, they are quite different and play unique roles in the homebuying process. Here’s a breakdown of both, and why getting fully pre-approved is crucial before going under contract.

🔍 Pre-Qualification:
You connect with a lender and share with them information about your income, assets, and credit history on a mortgage application (1003). While your lender will look over the form and make an informed guess of your financial standing in regards to pursuing homeownership, they will not necessarily verify the information you provided on the form. Basically, a pre-qualification is a decent enough starting point to understand your budget but isn’t a guarantee of financing. It is quick and easy, but not reliable.

📝 Pre-Approval:
As with a pre-qualification, you will complete a 1003 form AND you'll supplement with supporting documentation. Your lender carefully reviews all of your documentation, and provides you with a pre-approval letter. Getting documents together for a pre-approval may be a little more tedious and time-consuming, but it ensures that your financing will hold up down the road.

Full disclosure: as a lender, I personally do not make a practice of issuing pre-qualification letters because I believe homebuyers deserve the very best service and smoothest overall experience possible, and it's simply not possible to provide those things just by skimming a form. Without carefully reviewing each piece of supporting documentation, I don't have the full picture. 🏡

If you have questions or need help with the pre-approval process, you know where to find me 😉🖤

If you're ready to get started, you can find my secure online application at: https://2552976.my1003app.com/2165997/register?time=1726955560927

Take care and have a great weekend!

Happy Fed rate cut day! 〽️🥳🖤

While the Fed rate doesn't directly correlate with mortgage rates, a significant cut (50bps) could signal better pricing in the coming weeks. If you've been on the fence, now is a great time to make a move...You know where to find me 😊

Happy Fed meeting day!
How much will they cut? Stay tuned 👀

Regardless of tomorrow's announcement, we are already finally seeing rate improvement in the market. If you bought a home in the past couple of years, and are still dealing with a higher payment than necessary, I'd love to connect and let you know how much you could be saving. 🏡💰

Reach out to me on my cell 270.399.1818, DM me, or visit my online application at https://2552976.my1003app.com/2165997/register?time=1726585520751

Take care, and talk to you soon! 🖤

Happy weekend, friends! 😁

If you're thinking about purchasing or refinancing a home, it's important to realize the benefits of working with a local mortgage expert over one of the large online lenders. Here are just a few:

🌟 Personalized Service: Local lenders know the area and market conditions, providing tailored advice that fits your unique needs. You’re not just another number—you're a valued client, and we work hard to make sure we are serving you with the professionalism you deserve. Of course, you'll also have the option of working with us face-to-face (and personally, I make it a point to be present for my closings--celebrating with new homeowners is the BEST part of my job!)

🤝 Community Connection: As a local lender, I strive to maintain positive business relationships with my referral partners. Working with partners that I know, like, and trust (and hopefully, vice versa 😉) ensures excellent teamwork--which is the key to a smooth transaction and overall great experience. I also have connections to referral partners outside of real estate, so if you have any other type of need, I got you.

⏱️ Faster Response Times: With a local lender, you’re likely to experience quicker response times and a more streamlined process. In fact, all of my clients have my personal cell phone number and I encourage them to reach out any time they have a question or concern during the mortgage process.

🏡 Support Local Economy: By choosing a local lender, you’re supporting local jobs and small businesses. It’s a win-win for you and your community!

If you're ready to get started, DM me or reach out on my cell: 270.399.1818
or visit my online application: https://2552976.my1003app.com/2165997/register

Take care and talk soon! 🖤

Good evening, friends! 😊 I hope your week has treated you well so far.

If you haven't heard, interest rates have dropped and are at their lowest since February of '23--this is exciting news for hopeful homebuyers, and anyone who purchased a home in the past couple of years that is still stuck paying a higher rate! 📉🏡

Working with a broker affords you access to competitive wholesale interest rates without sacrificing client experience. For example: all of my clients have my personal number and I welcome them to reach out any time if they have any questions or concerns throughout the process.

AND it's a proven fact that working with a mortgage broker saves consumers a lot of 💰 (see my previous post for more info.)

Got questions? Reach out to me on my cell anytime: 270.399.1818 or DM me.
If you're ready to get started, you can find my online application at: https://2552976.my1003app.com/2165997/register?time=1726181661467

Take care, and have a great weekend! 😉🖤

"Study also proves the crucial role brokers play in promoting homeownership to minorities and veterans."

Enough said 😉🖤

New Research Concludes Consumers Save $10,662 Working With a Mortgage Broker PONTIAC, Mich., August 28, 2024--A recent study conducted by Polygon Research, with support from Willow Canyon Advisors and United Wholesale Mortgage (UWM), has concluded that the wholesale channel provides substantial savings for consumers on average across various mortgage verticals and within a s...

Happy Thursday everyone!

Heads up to everyone who purchased a home in the past couple of years and have still been grappling with high interest rates! 〽️🏡 (and homebuyers who have been waiting on pricing improvement)

The Fed is expected to cut rates next month, but here's a little-known fact: this cut is already factored into the market, so the impact might not be as dramatic as you’d expect. That means NOW is the perfect time to act and see how much you could save! 💸

To ensure you get the best deal possible, it's crucial to work with a mortgage broker who can shop around with multiple lenders on your behalf. Don’t miss out on the opportunity to put more money back in your pocket! Reach out your favorite broker today to explore your options and start saving. 😉🖤

Have a great week. 🖤

Happy Friday! 😊

On Wednesday, the Federal Reserve decided to keep its benchmark interest rate steady, as anticipated. However, Chair Jerome Powell indicated that the "time is drawing near" for the central bank to start lowering borrowing costs. This change could potentially happen at the Fed's next policy meeting in September, provided that economic data continues to reflect easing inflation.

In the mortgage industry, we are already starting to see a shift in pricing. When there is a significant rate cut, anyone who purchased a home the past couple of years will likely be flooded with calls and marketing about refinancing their loan.

Please bear in mind that refinancing isn’t just about grabbing the lowest rate—there are closing costs, loan terms, and your long-term financial goals to weigh. So be cautious of the many calls you might receive and remember: not all advice is created equal.

It's crucial to speak with a knowledgeable, honest expert who can guide you through the process with your best interests (pun intended) in mind. I can help you navigate your options and ensure that you're making the best choice for your unique financial situation.🏡💰

Feel free to reach out through DM, call or text at 270.399.1818 with any refinance or other mortgage-related questions.

Take care, and have a great weekend! 🖤

It's a great day to be a broker 🖤

"Recent data from Inside Mortgage Finance shows a significant leap in broker market share, jumping to 24.3% in Q4 2023, the highest number we’ve seen since 2009. This is a true testament to the care, commitment and passion brokers across the country have for their borrowers."

🖤😉

What a 15-year market share high means for the broker industry - HousingWire Learn about the rapid growth in the mortgage broker channel, achieving its highest market share since 2009.

Happy weekend!

Just wanted to share a friendly reminder that I'm here to answer questions, no matter where you are in the process--and it's never too early for a conversation with a mortgage professional. Knowledge is power, so reach out. I'm here to help you build your future! 🖤🏡

If you're not already working with a real estate agent, I can point you to a trusted friend. 😉

Call or text me: 270.399.1818. If you're ready to get started, you can find my online application at: https://2552976.my1003app.com/2165997/register

Take care!

Wishing everyone a safe and Happy 4th! ❤️🤍💙

Calling all hopeful homebuyers:

I'm always available to answer questions no matter where you are in the process. Just reach out or visit my online application:

https://2552976.my1003app.com/2165997/register

Take care! 🖤🏡

Here's your weekly reminder to strive for progress, not perfection. 🖤

Happy Friday!

Friendly reminder that I work all the time 🙃🐸 and I am available over the weekend for hopeful homebuyers with financing questions.

Just text or call me at 270.399.1818, DM me, or click my application link below if you're ready to get started (if you have questions and aren't quite ready for me to pull credit, just leave the box unchecked for now):

https://2552976.my1003app.com/2165997/register

If you aren't already working with a buyer's agent in your area, I'm happy to recommend a trusted friend. 🖤🏡

Take care!

Happy Monday!

You got this. 🖤