The Patt Drawe Mortgage Team

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Your credit report is the cornerstone of your loan and mortgage rate, with a higher score possibly yielding a lower rate. Here are 6 easy-to-follow ways to maintain good credit standing and show lenders your adept debt-handling skills:

1. Keep an eye on your credit score and report
2. Promptly dispute any discrepancies
3. Always pay bills timely
4. Ensure credit usage stays below 30%
5. Work on paying off existing debt
6. Steer clear from opening/closing credit accounts frequently

Remember, your credit health is essential. Keep it fit!

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You may be wondering...

If you decide not to continue about a property, that is okay. Sometimes, you may want to go in a different direction.

When you make an offer on a house, you typically provide earnest money as a deposit to show your commitment to the purchase. If you back out without a valid reason, you may forfeit this deposit to the seller.

RATE ALERT! Mortgage Rate DROP: The average 30-year fixed mortgage rate slips to 6.34%, the lowest since April 2023! Get ready to save money on your purchase today, prequalify now! If you've purchased a home in the last few years, call me about your refi!

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As the school season approaches this month, our team is wishing everyone a smooth transition and a wonderful school year ahead! 🍎

You’re not alone if you feel like saving for a down payment is a considerable challenge.

You might need help with roadblocks on your journey to saving for a down payment. But seeing these roadblocks does not mean that you’ll never be able to buy a home!

Knowing and being prepared for roadblocks will help ensure you’re able to build your down payment fund.

Creating an action plan is critical for saving your down payment. Here are some things to consider including in your action plan:

- Set up an automatic payment each month to your savings account.

- Look at your budget and cut where you can to have more money to save

- Pick up a side hustle to bring in some extra income and send it straight to your savings account.

Renting but dreaming of homeownership? Here's how to save for that down payment:

Set a savings goal: Determine how much you need and when you want to achieve it.

Create a budget: Track your expenses and identify areas where you can cut back.

Automate savings: Set up automatic transfers to your savings account each month.

Increase income: Look for opportunities to earn extra money through side gigs or freelance work.

Reduce housing costs: Consider downsizing to a more affordable rental or finding roommates to share expenses.

Minimize debt/expenses: Pay down debt and avoid unnecessary expenses to free up more money for savings.

Ready to turn your renting days into homeownership? Let's get started today!

Today's Mortgage Rates : Daily Index View today's current mortgage rates with our national average index, calculated daily to bring you the most accurate data when purchasing or refinancing your home. Follow our daily market analysis with Mortgage Rate Watch and we'll tell you where and why rates are moving.

After we have you pre-approved for your loan remember that it's a good idea to have a professional real estate agent on your side!

Embarking on the home-buying journey? Let a professional mortgage broker be your beacon of calm in the sea of real estate. 🏡💼

We're not just securing loans; we're building relationships, advocating for your best interests, and guiding you toward financial success. With honesty, efficiency, and a deep commitment to finding you the best rate, a great lender simplifies the path to your dream home.

Ready to make the complex feel effortless? Reach out today and simplify your life.

It's crucial you speak with a lender before jumping into the home-buying process.

Understanding your financial options and knowing the expectations that lie ahead are necessary to help move the process along faster.

Are you ready to start your home-buying journey? Reach out today!

I have to say, I work with the Sweetest group of Agents & Clients! Happy National Donut Day everyone!

MYTH!

When you pre-qualify for a home loan, you’re getting an estimate of what you might be able to borrow, based on information you provide about your finances, as well as a credit check.

Pre-approval is as close as you can get to confirming your creditworthiness without having a purchase contract in place.

Both require a separate set of personal documents.

If you are ready to start the home buying process, reach out and we can begin together!

Get outside and have a Happy World Bicycle Day!

Your mortgage may reset soon if you purchased a home in 2019 with a 5/1 ARM. Call me to review your loan options today!

Knowing how impactful teachers can be on the lives of their students and being the proud parent of the most wonderful teacher, I'd like to wish my beautiful daughter, Saylor, and all the other educators a Happy Teachers Day and Appreciation Week next week and recognize them for all their hard work!

Dreaming of financial freedom? Slash your mortgage interest by sneaking in just one extra payment a year. It's an effortless strategy to save cash for that next home project or a much-needed getaway. Keep following for more savvy tips to make your life better.