Kris Waters - SWBC Mortgage

Homeownership just got easier with our latest program offering up to $10,000 in down payment assistance! 💸 This program aims to make owning a home more accessible than ever. Don’t let the down payment hold you back—explore your options and take the first step toward homeownership today!

Don't miss out—reach out to us to see how you can qualify! 🏡🔑

A cash-out refinance lets you tap into the equity in your property. It replaces your existing mortgage with terms of a new mortgage. Curious if a refinance would make sense for your specific financial goals? Give me a call today to talk through your options!



*Refinancing an existing loan may result in higher total finance charges over the life of the loan.

How Refinancing a Home Loan Works. And Is It Right For You? Refinancing a home loan means replacing your current mortgage with a new one to potentially save you money. But breaking even takes time after upfront costs.

Today we celebrate the nation's workers and their contributions that keep our nation moving forward. Happy Labor Day!

Curious what a monthly mortgage payment would look like for you? Use this calculator to get an estimate as a starting point. Reach out and we'll be happy to run an exact scenario for you!

FHA Loan Calculator If you’re a first-time homebuyer who hasn't saved enough to make a large down payment or are concerned you might not qualify for a conventional home loan, a Federal Housing Administration (FHA) loan could be ideal. Loans that are insured by the FHA have lower down payment requirements than conven

Great news! USDA has increased the PITI Housing Ratio to help make homeownership more achievable. The ratio has increased from 29% to 34%.

Curious how this could open more doors for you to achieve your dream of homeownership? Give me a call today!

The National Association of Realtors (NAR) reached a settlement which made changes to the way broker compensation is handled, effective August 17, 2024.

- Both buyers and sellers are now required to sign a written agreement with their agent before the agent shows them a property or assists with a transaction
- Agents can no longer list any sort of compensation when they put a house on Multiple Listing Services

Buyers still have the same options when it comes to compensating their agents and can negotiate to determine how that compensation will be paid.

interested in learning more about these changes? Let’s chat!

Did you know that mortgage interest rates play a big role in your home purchase or refinance? 📉 Lower rates mean smaller monthly payments, which can make your dream home more affordable or save you thousands over the life of your loan.

Conversely, higher rates can increase costs, so it's essential to stay informed and act when rates are favorable. Whether you’re buying or refinancing, a small change in interest rates can have a big impact on your finances! 💰🔑

With the recent dip in interest rates, and more projected for later this year... it is a great time to discuss your financial and lifestyle goals. Let's schedule some time to chat.

A temporary buydown is a financing tool where the seller or builder reduces the buyer's interest rate for the first few years of the mortgage. This makes the home more affordable initially 🏡

These programs can be a game-changer, making your path to homeownership smoother and more affordable. If you're in the market for a new home, ask your Loan Officer about this option!

Interested in learning more? Let's schedule some time to talk through your goals.

Completely renovated home. At this price point it wont last long. Open House Saturday 11am - 2pm.

"The average rate on the 30-year fixed-rate mortgage fell to 6.84% in the week ending June 13, according to rates provided to NerdWallet by Zillow, a decrease of five basis points from the previous week."

Read more in the article below and reach out with any questions!

Weekly Mortgage Rates Dip, Hopes of Multiple Rate Cuts Wane - NerdWallet Fixed mortgage rates dropped slightly in the week ending June 13.

Grab your sunglasses and flip flops, it’s time to enjoy the heat of the summer! 😎🩴

Many have voiced concern over how the National Association of Realtors’ (NAR) commission lawsuit settlement agreement will be handled by the VA and veterans looking to use their VA loan benefits to purchase a home.

The VA’s deputy director Michelle C. Corridon made an announcement at the MBA Secondary conference recently that they will roll out a temporary fix to the buyer agent commission problem. Read more about it here:

https://bit.ly/3wXbu0U

Today we honor the brave heroes who made the ultimate sacrifice for our freedom.

Spring is often the busiest season in the housing market. Historical data shows that the highest prices for sellers are in May, more specifically on May 27th! If your house is currently on the market, we're only 5 days away from seeing if history will repeat itself!

Sellers Get More For Their Home On The Upcoming 'Best Day' In the Housing Market New data from real estate data company ATTOM shows that May is the best month to sell your home, and one day in particular has generated the highest prices.

Today, we celebrate the women who inspire us, support us, and love us unconditionally. Happy Mother's Day 🌷

Exciting new enhancements to Florida’s State Housing Initiatives Partnership (SHIP) Program have been released!

We’re excited to offer The City of Pensacola and Escambia County’s SHIP program, which is designed to assist first-time homebuyers achieve their dream of homeownership in the community.

New enhancements include:
- Down payment assistance (DPA) has increased to up to $45,000
- DPA in the form of a 2nd lien has increased from 5-years to 10-years
- DPA amount based on Area Median Income (AMI) - ask me for details

Want to learn more? Let's schedule some time to talk through your home purchasing goals!

A credit score is a compilation of information about your debt and payment history, converted into a number that helps a lender determine the likelihood that you will repay the loan in a timely manner. It is typically based on your payment history, outstanding obligations, the length of time you have had outstanding credit, the types of credit you use, and the number of recent inquiries from other lenders about your credit history.

Your credit score, along with other factors about the loan and property, is considered as part of the underwriting process and plays a critical role in determining your mortgage qualification.

Hello friends and Business Partners, Full house yesterday at Re/Max Infinity for another Realtor Safety Class. This class is presented by licensed instructors and is full of useful information. If you would like to schedule a class at your office let me know and we can set up a date. REMAX Infinity SWBC Mortgage PensacolaSWBC Mortgage CorporationShe wolf tactical

Considering a new home? Homeownership is more than just a financial investment - it’s an investment in your future 🏡 This guide will help you know what to expect, and:

• Understand the value of having an experienced real estate agent and lender team on your side
• Know what to expect during the mortgage process
• Determine how much home you can afford
• Understand the basics of credit scores
• Review the Do’s and Don’ts before and during the application process
• Find a home that fits both your goals and your lifestyle

Your first home is possible! Let me know if you'd like to talk about your homeownership goals. Download the ebook here https://swbc.me/YourFirstHome

Many of us have been waiting to discover how the recent NAR lawsuit would unfold in our industry and how it would impact different parties in the typical real estate transaction. We've just received updates:

- Fannie Mae and Freddie Mac, two government-sponsored enterprises (GSEs) that buy and guarantee mortgages, have just issued notices that if a seller or seller’s real estate agent continues to pay the buyer’s real estate agent commission in accordance with local common and customary practices, then those amounts are not required to be counted towards the IPC limits for the transaction.

- FHA has issued a similar statement indicating that they will not consider the IPC limit as long as the practice of the seller paying these fees remains common practice.

-VA has indicated that they are still evaluating the impact of the NAR settlement agreement and their current policy, which does not allow the buyer/Veteran to pay these fees, remains in place.

I'll keep you updated on any further developments in the coming months. If you have any questions or concerns, feel free to reach out, and we'll be happy to assist.

Want to know more about mortgages? In honor of Financial Literacy Month, our local, trusted lenders are here to answer all of your questions!

The cost of hiring a real estate agent to buy or sell a home may soon change. This article discusses how this could impact buyers and sellers.

Like any big change, there will be a lot of questions and concerns. I am here to talk anything through with you - please do not hesitate to reach out!

Rules that helped set real estate agent commissions changing. What you need to know The cost of hiring a real estate agent to buy or sell a home may soon change, along with decades-old rules that have helped determine broker commissions

🍀 Happy St. Patrick's Day 🍀

There are many real estate strategies to consider. And the answer to whether you should take on the strategy is "it depends" - it depends on your unique financial situation and goals. We're here to talk through your options with you!

Should You Buy a Second Home First? As home buying in popular areas becomes increasingly more expensive, some people are buying vacation homes first. Learn more about this strategic investment.

Prospective homeowners could potentially afford a more expensive house now than they could just a few months ago, thanks to a drop in mortgage rates.

Want to know about your personal purchasing power? Give us a call today to get started!

With 1% Drop In Mortgage Rates, Home Buyers Get $40K More In Purchasing Power, Redfin Says Prospective homeowners can now afford a more expensive house than they could just a few months ago, thanks to a drop in mortgage rates. An analysis by real estate brokerage site Redfin finds that a buyer with a $3,000 monthly housing budget and a 6.7% mortgage rate can afford to buy a $453,000 ho

Coming up with a down payment is often cited as one of the primary barriers for those considering homeownership. Our new down payment assistance program offers up to $7,500 for your down payment and closing costs. Whether you're a first-time buyer or need a boost to make that next move, our program is here to help you take those crucial steps towards homeownership.

Don't let financial barriers hold you back - seize this opportunity and unlock the door to your new home today!