28 Nov 2024
By noelkelman

Thank You for Your Trust and Support This Holiday Season

Holidays, ,
As we gather with family and friends this Thanksgiving, I want to take a moment to express my gratitude to all of my past and potential clients. In this season of reflection, I’m reminded of how thankful I am for the trust and confidence that clients place in me throughout the homebuying journey. Whether you're a first-time buyer, refinancing, or working on a new home project, it's an honor to help make your dreams of homeownership a reality. Your decisions, your hopes, and your goals inspire me to work harder every day to guide you through the process with care…
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27 Nov 2024
By noelkelman

Why Tax Prep is Crucial for Mortgage Applicants

Taxes, ,
When you are preparing to buy a home, tax season should be on your radar as it plays a significant role in your mortgage application process. Whether you're a first-time homebuyer or a seasoned investor, how you file your taxes can have a direct impact on the mortgage you qualify for. Understanding this connection can help streamline the process and potentially save you money on your loan. How Tax Returns Impact Your Mortgage Application The income reported on your tax returns is one of the most important factors in determining how much you can borrow for a home. For traditional…
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26 Nov 2024
By noelkelman

A Deep Dive Into Bank Statement Second Mortgages for Self-Employed Individuals

Mortgage Application, ,
If you're self-employed or have an income that doesn’t fit traditional molds, securing financing for a home renovation or debt consolidation can seem daunting. However, bank statement second mortgages are designed to provide a viable solution for homeowners who don’t rely on conventional pay stubs, W-2 forms, or tax returns. Let’s break down how these unique loans work and how they can benefit self-employed individuals. What is a Bank Statement Second Mortgage?A bank statement second mortgage is a specialized loan that allows you to tap into your home’s equity without the usual income verification documents. Instead of relying on tax returns…
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25 Nov 2024
By noelkelman

What’s Ahead For Mortgage Rates This Week – November 25th, 2024

Financial Reports, ,
Following the election results, the University of Michigan's Consumer Sentiment Report painted a less-than-stellar picture, reflecting stagnation in sentiment. The prior week was relatively light, aside from the Consumer Sentiment data. However, the S&P PMI Industrial Numbers provided a brighter outlook, indicating some acceleration in manufacturing activity as the holiday season approaches. Looking ahead, the coming week is expected to deliver more significant data on inflation, including the Federal Reserve's preferred inflation indicator, the PCI Index. PMI Services Index The economy sped up in November and kept the U.S. on track for another strong quarter of growth, fueled by optimism about…
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22 Nov 2024
By noelkelman

Key Professionals to Know When Building Your Homeowner Network

Homeowner Tips, ,
Owning a home is a rewarding milestone that symbolizes stability and personal achievement. It also comes with its fair share of challenges and responsibilities. Maintenance, emergencies, and long-term property planning require having the right professionals in your network to ensure a smooth homeownership experience. Here are the key individuals every homeowner should connect with early on. 1. Insurance AgentYour home is likely your biggest investment, making a dependable insurance agent one of your most crucial allies. Homeowners' insurance protects your property against risks like fire and theft, but additional coverage may be necessary for natural disasters such as floods or…
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21 Nov 2024
By noelkelman

Why Regular Home Maintenance Is More Than Just a Chore

Around The Home, ,
Owning a home is huge and one of the most valuable investments many of us will ever make. Like any valuable asset, your home requires care and upkeep to ensure it stays in great condition, retains value, and remains a safe, comfortable haven. Here’s why making regular home maintenance a priority pays off in the long run: 1. Preserve Property ValueA well-maintained home can significantly enhance curb appeal and preserve, or even increase, property value. Regular upkeep such as painting the exterior, maintaining landscaping, and fixing minor issues as they arise helps prevent wear and tear. If you ever decide…
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20 Nov 2024
By noelkelman

Top 5 Mortgage Types for Homebuyers

Home Mortgage Tips, ,
When you're preparing to buy a home, choosing the right mortgage is one of the most important decisions you’ll make. With so many options available, it can be challenging to know which type best suits your needs. Each mortgage type comes with unique advantages and understanding them can help you achieve your homeownership goals in a financially sustainable way. Below, we outlined the five of the most common mortgage types and how they differ. 1. Conventional Fixed-Rate MortgageOne of the most popular options for homebuyers, the conventional fixed-rate mortgage offers consistency and predictability. With this loan, the interest rate remains…
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19 Nov 2024
By noelkelman

Tips for a More Productive and Comfortable Home Office Space

Homeowner Tips, ,
As remote work continues to progress, having a well-designed home office is more than just a luxury, it has become a necessity. A thoughtfully created workspace can increase productivity, boost creativity, and promote overall well-being. As a mortgage originator, I’ve seen how creating a productive environment impacts work-from-home efficiency and comfort. Whether you’re setting up a corner nook or dedicating an entire room, here are six practical ideas to transform your home office into an ideal place to get things done. 1. Pick the Perfect SpotThe location of your home office can greatly affect your ability to concentrate and stay…
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