Brian Adkins, Loan Officer NMLS#2063628-Movement Mortgage

G-Dawg got to see .04 in action tonight! Bubs even came along to cheer sissy on!

Rates are moving in the wrong direction, but a positive rule change could save you hundreds on your monthly mortgage costs.

We break it down in our latest Market Update: https://blog.movement.com/2023/02/24/silver-lining-fha-buyers-rates-slowly-creep-higher/

Take the guesswork out of building your wealth! Set up an automated transfer that deposits money from each paycheck into a savings account to go toward your down payment goal. It’ll add up quicker than you think! 💸

Huge news in the lending world. Contact me today to ask how this could help more borrowers qualify for a mortgage loan!

Your loan-to-value ratio (or LTV) is a figure lenders use to assess risk and match you with the right loan and terms. It essentially shows how much of a property you’ll own versus how much of it the bank will own. TLDR: Lower LTV = YAY! 🎉 Here are a few tips on how to lower yours.

Simmering inflation has pushed mortgage rates back up for now. Keep an eye on the volatile economy with our weekly Market Update so you can be informed on your homebuying journey.

https://blog.movement.com/2023/02/17/inflation-still-simmering-rates-rise/

YOU. ARE. SO. CLOSE — to becoming a HOMEOWNER! 🤩 Once the contract is signed, there are just a few key steps left for everything to be officially official. Then...⁣
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It's the final countdown!⁣
Dun dun dun dun!
Dun dun dun dun dun!
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Sorry. We just can't help ourselves sometimes. 🎸

Demand is making a comeback as mortgage rates remain relatively stable. If you’re in the hunt for home, check out our Market Update to get the latest ⬇️

https://blog.movement.com/2023/02/10/fed-remains-hawkish-2023-rates-remain-mostly-stable/

Having no credit can make lenders a bit hesitant. You want to show a track record of good credit decisions! If you're thinking of buying a home soon and haven't started building your credit, consider opening a credit card or two. Make a few purchases, then pay the cards off in full each month. 💳

You know what's more fun than playing 21 Questions? Preparing to become a HOMEOWNER! And look — getting started requires way fewer than 21 questions. 🤓

We are a direct reflection of who we surround ourselves with so I ask you…is your circle of influence pushing you to growth, or anchoring you to stagnation?

Mortgage rates are down almost a full point from last November. So why are you still waiting to jump into the homebuying game?

Check out our latest Market Update for details: https://blog.movement.com/2023/02/03/mortgage-rates-continue-trend-lower/

Thinking of building instead of buying?! 🔨 Financing for new homes works a bit differently than it does for conventional loans. For example, construction loans generally have a shorter term than traditional mortgages, and a higher interest rate applied to them. Visit blog.movement.com to learn more — and happy building! 👷

Escrow is a fancy term for a third-party holding onto the money involved in purchasing a home until it’s time to be paid. It’s a way to protect both the buyer and seller in the home loan process. Now go use your fancy new word and begin your journey to homeownership!

Have you been waiting out interest rates and home prices? Yeah, so, now is your time. Check out our latest Market Update and start pulling those documents together.

Market Update: https://blog.movement.com/2023/01/27/recession-not-mortgage-market-starting-come-back-strong/

FREEZE! 🥶 (Your rate, that is.) A rate lock freezes your interest rate quote for a specific period (typically 30, 60, or even 90 days) so you can estimate exactly what your closing costs and your monthly payments will be. Let your loan officer know you’re interested in a locked rate so they can proactively call you when they feel the timing is right! 🔒

Class is in session! 📝 What are the benefits of owning in a good school district, whether you have school-age kids or not? Here are some things to consider.

Average mortgage rates decreased again week-over-week, sparking pent up demand. But is there an answer for supply strain? We break it down inside our latest Market Update: https://blog.movement.com/2023/01/20/economy-flux-mortgage-market-sees-positive-activity/

Buying in a high-priced area? Depending on the price of the home you're looking at, a standard conforming loan limit might not offer you enough financing. Jumbo loans are non-conforming and can offer financing options with a higher limit! Talk to a loan officer to find out if a jumbo loan might be a good option for you.

The 3 Cs! You know, cut, color, carat...oh, wait. Wrong Cs. 💎 When you apply for a mortgage, an underwriter will evaluate your credit and payment history, income and assets, then categorize their findings into the 3 Cs.⁣
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Capacity: Your ability to repay a loan by comparing your monthly gross income against your total monthly recurring debts.⁣
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Credit: A combined credit report from the three national credit reporting agencies.⁣
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Collateral: Here, the lender orders an appraisal to verify the home’s value, and then determines a loan-to-value ratio (LTV).

Buyers are taking advantage of the volatile market and dips in rates, but are we past the peak? Dive into the details with our latest Market Update: https://blog.movement.com/2023/01/13/2023-housing-market-spurred-mixed-bag-economic-data/

Planning to buy in 2023? There might be some hope on the horizon. Check out our Market Update to learn more: https://blog.movement.com/2023/01/06/volatility-continues-theres-hope-housing-2023/

Yes, you want a good school system for your kiddos. But did you know school districts have an impact on property value? The higher a school district's scores, the higher the home value in that area. An A+ in education means an A+ in home value! 🤓

Happy New Year! 🎉 We wish you an abundance of new adventures, good fortunes, and happy memories in the coming year.

Lighting the tree 🎄swapping gifts 🎁 and meals with family 🍗…you do A LOT on Christmas. But there’s one place that brings everyone together – HOME 🏡 . So wherever you find yourself this Christmas, I hope it’s in a home filled with warmth, joy and togetherness.

Don't forget step 4: Give an enormous bear hug to the person who contributed to your new home! 🐻

Rates may have peaked, but don’t expect to see 2021 levels again…probably ever. So what can you expect? Read up on the latest inside our Market Update: https://blog.movement.com/2022/12/16/feds-rate-increase-mean-good-news-mortgage-rates/

Don't do it! The length of time you have credit in good standing is a key factor used to calculate your credit score, and if you close an account, all that credit history is wiped from your report. That'll impact your credit profile, which might change your rate or cause delays.

If y’all want some delicious home/local made donuts, stop by Rory’s Mini-Donuts in Powdersville at the corner of Brushy Creek and Old Pendleton. Wonderful folks and the donuts are DELICIOUS!! Try the Vanilla Glaze, Cinnamon and Powdered!