Rockway Mortgage Company NMLS #1235828

May Realtor Highlight:
Meet Julie Cox!

Favorite thing about Cleveland: Lake Erie

Favorite local restaurant:

Pet peeves in the industry: Realtors that do not want to work together to get to the finish line.

Best piece of advice for clients: Have your finances and purchasing power established before searching for a home.

Favorite hobby? Walking in the Metroparks, traveling and happy hours!

How long have you been in the industry? 8 years

Favorite small business to support?

Favorite Ohio team to root for?

What’s your Instagram handle:

Check out Julie’s listings below;
https://juliecox.remax.com/

The more you know!

April realtor highlight:
Meet Sara Kelly!
Sara is an agent at RE/MAX Crossroads.

Sara’s Favorites:

Thing about Cleveland: That my family is local! I grew up in Avon Lake, so my friends and family are all really close.

Restaurant:

Part of selling homes: I love meeting and working with new people all the time. Everyone is so different, so it makes everyday different.

Piece of advice for clients: Take time to explore the area you want to buy in.

Ohio team: Go Guardians! Who doesn’t love a summer night ball game?

Hobby: Traveling!

Small business to support: Rockway Mortgage 😉

Follow Sara on Instagram and see what she’s up to:

Happy Valentine’s Day, to the ‘power behind the throne.’ 💕
Thankful for you!

Congrats on the new home,

Welcome to the Rockway family! pilot

February’s Realtor Spotlight goes to .realtor

Favorite thing about Cleveland:
Living on Lake Erie

Favorite local restaurant:


Favorite part of selling homes:
Forming relationships and helping navigate an exciting- but what can also be a stressful process

Pet Peeves of the Industry:
Bad agents

Favorite Cities to work in:
Lakewood, Cleveland’s Heights, & Ohio City

Favorite Hobby:
Running 🏃🏼‍♀️

How long have you been in the industry:
Six years

Favorite Ohio team to root for:


Favorite sweet treat:


Favorite small business to support:
I always find the best gifts here!

Best advice for clients:
Narrow down your geographic location to 3-4 cities max, and have a solid idea of the type of home you’re looking for. This usually proves for a smooth buying process.

Reach out to .realtor if you’re in the market for a home! [email protected]

Comment below- what are your thoughts?

Visit TikTok to discover videos! Watch, follow, and discover more trending content.

Love to see returning clients, for refinancing and new purchases! thanks for assisting Bill!

Our first realtor spotlight for 2024 goes out to Stacey Burnett
Here’s a little bit about Stacey;

Favorite thing about Cleveland: The number of Clevelanders that are proud of their city, and what it has to offer.

Favorite local restaurant: in downtown Cleveland

Favorite part of selling homes: Working hard for my clients and always looking out for their best interests.

Pet Peeves of the industry: Misconceptions of what real estate professional do daily.

Favorite cities to work in: Starting primarily as a west side agent 10 years ago, I have grown fond of the East side and most of NE Ohio.

Favorite hobby: Showing visitors around our wonderful city.

Instagram handle:

Favorite sweet treat: a slice of pie from

Favorite Ohio team:

Best piece of advice for clients: Align yourself with a trusted agent to help you with possibly one of the biggest decisions of your life.

Click the link below to find out what Stacey’s up to at

https://www.remax.com/real-estate-agents/stacey-burnett-rocky-river-oh/102060021

Happy Halloween! Loved having our favorite Rockway kids in the office to celebrate today.
pilot

Plenty of cozy patio nights still left! ​​​​​​​​
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With rates still staying relatively lower, there are plenty of options to find that perfect backyard…or maybe just that dreamy front porch.

Happy Wednesday Instagram friends!

We’re still working and helping buyers daily, and keep working to help find the best plan for each situation, even with the rates rising a bit after those few lower days 📈

How do you know which home mortgage option is right for you?

With so many mortgage options out there, it can be hard to know how each would impact you in the long run. Here are the most common mortgage loan types:

•Adjustable-Rate Mortgage (ARM)
•Federal Housing Administration (FHA) Loan
•Department of Veterans Affairs (VA) Loan
•Fixed-Rate Conventional Loan
•and of course, Cash

Finding which one is best for your specific situation can be frustrating. We can help you get on the right path!

Repeat after me: “The Fed Doesn’t directly hike or cut mortgage rates”

The fed raised rates today again…
and as they raised them; the mortgage rates slightly fell, helping our buyers a little bit more.

Mortgage Term Tuesday and this beautifully designed kitchen by one of our favorite 💯

What does it mean when my loan is in Underwriting?

Underwriting is the lender’s process of deciding whether to make a loan to a potential borrower based on credit, employment, assets and other factors, and the matching of this risk to an appropriate rate, term and loan amount

How’s your work week going?

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How do you calculate your mortgage payment ?

The best way is to always do the real math or better yet, call us. However, there are plenty of mortgage calculators out there. Just make sure you use a mortgage calculator that considers the entire housing payment, including taxes, insurance, HOA dues, and so forth. Otherwise you’re not seeing the complete picture!

How much should you save for a down payment?

Some loans only require 3% down. While some require less or more. While some will recommend putting down 20%, it’s not always an option for your situation. However, if you can, with 20% down you won’t have to pay private mortgage insurance (PMI). PMI is an extra cost added to your monthly payment that doesn’t go toward paying off your mortgage.

Saving a big down payment takes hard work and patience, but it can be worth it. Here’s why:

You’ll have built-in equity when you move into your home.

You can finance less, which means you’ll have a lower monthly payment.
On the flip side, if you buy a home with little to no down payment and the market dips, you could be stuck until home values recover.

Worried about your down payment? Give us a call and we will help you decide what is the best payment for your individual situation.

Beautiful Photo Credit:

What is the deal with home inspections?

A home inspection is an evaluation of a home’s condition. After you agree to buy a piece of property, you can order an inspection to check for potential problems before closing on a home loan.

During the inspection, a professional inspector will walk through the interior and exterior and check the home’s structural features, plumbing, and electrical systems. They’ll then hand you a report that lists any issues.

Sometimes you can waive the inspection. Find out if it’s possible, AND if it’s in your best interest!

: Mortgage Term Tuesday :

What is Private Mortgage Insurance, or PMI?

PMI or Private Mortgage Insurance, is a type of mortgage insurance that benefits your lender. You might be required to pay for PMI if your down payment is less than 20 percent of the property value and you have a conventional loan. You may be able to cancel PMI once you’ve accumulated a certain amount of equity in your home.

Happy Weekend! We are so grateful to our customers AND the agents that work diligently with them and us!

Media frenzy have you thinking negatively about the housing market still?
Inventory has increased 12.6% from April to 1.16 million homes for sale which is still down 4.1% from last year. This is a normal inventory build for this time of year!

Does this mean it’s the right time to move or buy? Well, that depends on your individual situation. Give us a call and we can help lead you in the right direction!

Yesterday was fun and meaningful, as we gave back to a cause we hold near and dear to us.

But now it’s back to work.

Mortgage Term Tuesday brings you…..

Home Owners Insurance:

Homeowner’s insurance pays for losses and damage to your property if something unexpected happens, like a fire or burglary. When you have a mortgage, your lender wants to make sure your property is protected by insurance. That’s why lenders generally require proof that you have homeowner’s insurance for loan approval.

Happy Monday! Rockway is out supporting and with their 3rd annual Ground Works out drive’s Alzheimer’s golf outing!

Don’t go calling your lender and lock in a rate because you heard the Fed is raising their rates today.

The federal funds rate is completely separate from mortgage rates. Mortgage rates move with mortgage bonds or mortgage backed securities. These bonds are held for 15, 20 or 30 years. So the biggest enemy to mortgage rates is inflation. Because inflation erodes the return on money, overtime investors buying mortgage bonds demand a higher intrest rate to make up for that inflation. 

So, the Fed raising rates should help fight inflation, which should bring mortgage rates down.

::Mortgage Term Tuesday::

Co-Signer or Co-Borrower?

Not every path is perfect; sometimes even when buying a home you need a little help!

A co-signer or co-borrower is someone who agrees to take full responsibility to pay back a mortgage a loan with you. This person is obligated to pay any missed payments and even the full amount of the loan if you don’t pay. Some mortgage programs distinguish a co-signer as someone who is not on the title and does not have any ownership interest in the mortgaged home.

Having a co-signer or co-borrower on your mortgage loan gives your lender additional assurance that the loan will be repaid. But your co-signer or co-borrower’s credit record and finances are at risk if you don’t repay the loan. So, grab someone who you trust and that trusts you, and make them proud!

What shouldn’t I do now that I’m pre qualified for my home loan??

Prequalification can be easy, but it’s after you get preapproved and the loan process progresses that your lender is required to pull a refreshed credit report before closing to check for any new debt. So, any major changes in your finances could delay your loan closing – or even result in a denial despite an earlier approval. Here’s a few basics to follow:

•Apply for a new credit card, auto loan, or other types of credit.
•Co-sign a loan with someone.
•Change jobs, become self-employed, or quit your job.
•Skip payments on existing credit accounts, utility bills, or loans.
•Charge up your existing credit on big-ticket items, like furnishings for a new house.

Beautiful Image by:

➡️ Swipe Right ➡️

With so many media outlets talking about housing bubbles and people waiting till prices drop, seeing these numbers puts it into perspective!

It’s Mortgage Term Tuesday!

:Closing Disclosures:

A Closing Disclosure is a required form that provides final details about the mortgage loan you have selected. It includes the loan terms, your projected monthly payments, and how much you will pay in fees and other costs to get your mortgage.

While the broken down fees and costs may look overwhelming, Rockway thrives on sending personalized videos to help you understand every line of your CD. Our clients love them!