Baskett Mortgage Services

Mark your calendar! Always such a fun filled family event to get you in the holiday spirit and to help get some of your shopping done early. 🎄🎅

Fall days and temperatures are getting closer which can only mean the Holiday Market is nearing 🍂🎄

Come check out the abundance of indoor and outdoor shopping/merchant vendors, delicious food trucks, pictures with Santa, and so much more on the first weekend of November. Event dates are Friday, November 3 and Saturday, November 4 at the Recreation Hall in Stephenville, Texas.

Stay tuned for the official event schedule, along with more announcements and excitement that we will have at the Holiday Market.

Wish to be a vendor? We are looking for unique and handmade items to fulfill our vendor spots. Click the link below to register as a shopping vendor:
https://app.amilia.com/store/en/city-of-stephenville/shop/programs/90640

‼️Please note, spaces are limited. Register early to guarantee your spot‼️

For more information and questions, contact Houston Folmar at [email protected].

2023 SABC Golf Tournament ⛳️

Last month it was her brother and this month, she got her a house!! 💖🏠 Congrats to my clients on your 1st home! A huge thanks to David Baskett - Mortgage Lender for stepping in half way through and completing this transaction when another lender couldn’t!

Please enjoy this quick update on what happened this week in the housing and financial markets.
THE ECONOMY:
Consumer confidence jumped in June, reaching its highest level since January 2022. A strong labor market and economy helped. The 3rd and final estimate of 1st quarter GDP showed economic growth at 2.0%, up from the previous estimate of 1.3%. Unemployment applications fell last week by the most since October 2021. Despite the drop, demand for workers has slowly eased.
HOUSING NEWS:
House prices rose slightly in April, up 0.7% from March, according to the FHFA. Prices rose 3.1% year over year. New home sales surged in May, up 12%. Buyers turned to new construction due to the low inventory of existing homes for sale. Purchase mortgage applications rose 3% for the week. Apps were 21% lower year over year due to lack of inventory rather than demand.

Today we recognize Flag Day and all that our flag represents as we honor the anniversary of the Stars and Stripes.
Baskett Mortgage Services is an Equal Housing Lender.

Please enjoy this quick update on what happened this week in the housing and financial markets.
THE ECONOMY:
Last week's jobless claims came in higher than expected at 261K, up 28K for the week. Claims reached their highest level since October 2021. A resilient labor market saw payrolls rise 339K in May, much better than expected. However, unemployment increased to 3.7% from 3.5%. Cooling demand in the services sector in May pushed prices the businesses paid to a 3-year low. Slower services inflation could be good for rates.

HOUSING NEWS:
Though mortgage rates fell back from recent highs, mortgage applications dropped for the 4th straight week. Purchase apps fell 2%. Black Knight reported slower home sales in April, as a lack of affordability and inventory continued to create major market headwinds. The P&I payment on a 20% down, 30-year mortgage for a median priced home now accounts for 34.2% of the median household income.

It was a pleasure getting to partner with Tyler Chandler, Realtor - Clark Real Estate Group to get another happy client funded and into the home of their dreams. Thank you, Tyler, and to everyone at Cross Timbers Title for your help during this process.

How much of a down payment do you need?
Are you looking to buy a home but struggling to come up with the down payment? Needing a 20% downpayment to buy a home is one of the most common myths about home buying. Contact me, your local lender, and I can show you many programs that are available to assist with your purchase.
The Baskett Branch Location is an Equal Housing Lender.

Lance Griswold
Mortgage Loan Officer NMLS #245217
817-980-1702
[email protected]

Renters can crunch the numbers with the Buy Now vs. Wait Calculator. This unique tool realistically explores their options by providing a detailed comparison of the financial benefits of buying a home now against the costs associated with waiting.

How it works:
With a few simple inputs, the Buy Now vs. Wait Calculator instantly computes:
-Feasibility of buying, or not
-Down payment options and monthly payment snapshots
-Years to save 20% down payment
-Costs of waiting: rent paid and home price appreciation

Buy Now vs. Wait Calculator:
https://lnkd.in/gm2Hw6kY

Are you looking at properties that have potential but need a little TLC, some home improvements, or a major renovation? I can help you turn that potential into reality.
A renovation loan may be a good fit if you’re:
- A first-time homebuyer looking for an affordable home that needs repairs or updating
- A buyer purchasing a home that needs a major renovation
- An investor purchasing a one-unit second home or investment properties
Learn more about the renovation process and financing options by giving us a call today.
Lance Griswold
817-980-1702
[email protected]

It's Tax Day—a day we love to hate! If you or someone you love is getting a refund and would like to talk about putting that money toward a home purchase, please let us know. We would love to help!

It's Monday - time for some Motivation. 🎯

For many people, buying a house is a complex and often a stressful experience. But for the Baskett Mortgage Team direct-to-consumer mortgage business, the experience will be as fun and friendly as a game of baseball. We will cover all the bases with everything you need to understand about the mortgage application process.
Call us or swing by today! ⚾️

Here's a strategy that could help you get in a home faster. A 2/1 Buydown can give you a lower rate for the first two years of your loan. Please reach out if you'd like to learn more. If you're ready to make a move, we have tools to help, even when rates are rising. The Baskett Mortgage Team is an Equal Housing Lender.


#2/1buydown

Seeking to build FINANCIAL LEGACY for your family through investment real estate?
You can purchase investment properties and finance them via agency fixed loan programs, provided these homes are closed in your personal name. Program Highlights include: fixed rate terms, 20% Down Payment Requirement minimum, and Retain your current primary home. The Baskett Mortgage Team regularly finances these loan types so please connect with us before you begin the home search.

Cell 254-413-8315
[email protected]