Traci Stephens Mortgage Loan Officer

Realtor Luncheon today from 11-1 in Republic! Come see us.

🏡📉 Rates have dropped!!📉🏡

Have you been considering buying a home? Now might be the perfect time! Current mortgage rates are on the decline, and staying informed can help you make the best decision for your future.

Here is what you need to know: As a mortgage broker I am able to shop multiple lenders to make sure we secure the absolute best mortgage for your needs and long term goals. This also allows me to be very competitive on rates and offer a wide variety of products.

Let’s talk about a couple of loans I have recently had with no points fees to the borrower or seller paid buy downs:

15 Year Fixed Rate FHA 3.5% down with 672 credit at 6.219% (APR 7.141%)!!

30 Year Fixed Rate Conventional 20% down with 803 credit at 5.99% (APR 6.325%)!

30 Year Fixed Rate FHA 3.5% down with 599 credit at 7.25% (APR 8.165%)!!!!

30 Year Fixed Rate Conventional 3% down with 650 credit at 6.625% (APR 7.945%)!!

*These scenarios are for illustrative purposes only and do not constitute an advertisement or offer for a mortgage. Mortgage rates change frequently and you should contact a mortgage professional for the most accurate and personalized information.*

Everyone’s situation is unique and I am here to listen to your needs. What questions do you have about getting a mortgage?

I just locked a 30 yr fixed FHA purchase with a credit score under 700 at 6.033% interest rate with NO POINTS FEES to the borrower or seller paid buydowns!! Having a lower interest rate increases your buyers purchasing power and saves them thousands of dollars over the life of the loan. Give me a call and let’s get your buyers into their dream home!!

With Movement Boost, FHA borrowers who qualify can receive full down payment assistance! Movement Boost could cover your entire FHA down payment plus 1.5% to put toward closing costs via a repayable second lien with a 10-year amortization term and a rate at 2% above the first lien rate. So small down payment savings won’t hold your homeownership dreams back anymore! Contact me to get started. For qualified borrowers. Additional restrictions apply.

The first step to purchasing a home is to make sure you can!
Reach out and let's see if we can get you pre-approved.

Do you have a morning routine? If yes, what does it look like?

Purchasing your first home can be one of the greatest accomplishments ever!🏡

How long does it take to get pre-approved for a home?

The first step to purchasing a home is to get pre-approved so you have a budget and know you can secure a home mortgage. The process can take as little as a single day, but usually takes a few days.

Throw pillows or blankets as decor?

Which living room are you choosing? 🤩

What was your favorite house warming gift? 🕯

What kind of business do you dream of starting? 😍

Where do you get your home decor inspiration from?

Overcoming Home-buying Anxiety

1. Build a realistic budget.
2. Build a “wants and needs” list.
3. Am I ready for a new lifestyle?

Happy Thanksgiving!

I hope everyone has a great day with friends and family🥧

What is your least favorite household chore?

Where do you go to get inspired?

Did you know that you are probably being offered a conventional home loan when you go to your bank or most other lender options?

A Conventional loan is the most popular loan type but doesn't always offer the best benefits for you.

GOOD NEWS!!
There are more loan products available for you out there that have special perks that could help aid you in owning a home.

If you'd like to learn more about the different loan products and what options are right for you, let me know.

Are you looking at buying a home? 🏡

I've got all the answers you are looking for!!😄

What's something on your bucket you want to check off this year?😄

What is your favorite tool for organization?

I could not live without a timer⏳

Are you new to the mortgage industry?

Here's a piece of advice that I found helpful when I was first starting out👇🏼

Get involved with your community!🤩

Future homebuyers are all around you, join them! In your neighborhood, your kid's schools, etc. If they know and trust you, your name is more likely to come up when talking about a mortgage!🙌🏼

3 mortgage products you should know about!

The three main types of mortgages are fixed-rate, conventional, and standard adjustable rate.

A fixed mortgage rate allows you to make a continuous payment worth the same amount throughout the life of the mortgage

A conventional loan is the most common loan in the U.S. This type of loan is great for those with a good credit score and debt to income ratio.

An adjustable rate is a rate that is tied to the national market interest rate and fluctuates with the market.

What do you imagine your dream home will look like?☀️

If you find yourself getting distracted on social media every 5 minutes while working maybe try turning off your notifications or putting on do not disturb 📱

How do you stay focused?⭐️

Where does underwriting take place?👇🏼

🔹Underwriting occurs once you finish your mortgage application and all of your required documents have been turned in for the underwriter to review.

Here at Gershman we offer in house underwriting!🙌🏼

For business owners, it's more difficult to secure a home loan due to being categorized as a higher risk. 📈

Having a good credit score is extremely important for both your home and business. It will allow the lender to know you are good with your finances and give you a leg up when securing your future mortgage.😄

How I feel after thinking it was Friday all day and realizing it's only Tuesday. 🙃

Anybody else feel like this with this weather?!

Where do you think you will be in the next five years?🏡

Decor can be what shapes your house together🤩

What is the most important piece of furniture you own?