Have you ever wondered how much you can actually borrow with a VA loan? Knowing your maximum loan amount is key, whether it’s your first home or your next. Today, I’m excited to walk you through five easy steps to figure out just that, plus three important factors that affect how much you can get…
Have you ever questioned what it really takes to get a VA loan? Has anyone ever laid it out step-by-step so it actually makes sense? Well, today’s your lucky day because I’m going to walk you through the seven main steps to securing a VA loan. Who am I? I’m Rick Elmendorf, a mortgage loan…
Today, I want to discuss a topic that’s really important to many of us: how to refinance your home as a veteran or military member. With over 30 years of experience as a mortgage loan officer, I’ve dedicated my career to helping our nation’s heroes like you get the best deals on home loans. I’m…
Buying a home with a VA loan offers unique advantages, so I wanted to discuss five crucial things every veteran and military member should know before buying a home. As you start looking to buy a home using your VA home loan benefits, let me tell you, these benefits are game-changers. I’ve seen so many…
Maybe never. The Fed says inflation may be too low which just might cause mortgage rates to stop falling all together. Let’s take a look at what was said and how this will affect the economy and mortgage rates. Federal Reserve Governor Waller Speaks Out Fed Governor Waller released a statement. “I just think that…
On the heels of the highest mortgage rates in years, late 2024 saw the largest interest rates drop since the financial crisis. The REFINANCES are coming and with mortgage interest costs expected to tumble in 2025, the big question is… when should I refinance my mortgage and is now a good time? You don’t have…
When the Federal Reserve announces a rate cut—especially a 50-basis point (or half point) cut—many people immediately assume mortgage rates will follow suit and fall significantly. The reality is that they normally get worse. This may seem counter-intuitive, but when the Federal Reserve drops rates, it’s rather inflationary which is the enemy of low mortgage…
You are about to read a story about a travesty of justice with VA Homebuyers. Too dramatic? I don’t think so. Credit unions along with other inexperienced underwriters and loan officers around the country are giving out wrong information and bad advice to our Service-members and Veterans. These have cost our military families more money…
My mortgage rates forecast 2024 may not be what you’d expect, so buckle in. This is information coming directly from someone with boots on the ground experience along with some valuable insights and undeniable data. But how did we get here? In October of 2021, the mortgage markets tanked. I mean, it really hit the…
Whether purchasing or refinancing, everyone wants to know how to get a low mortgage payment and interest rate. In this article I give you my 10 favorite strategies that I use to ensure clients get the lowest possible mortgage payment. The coolest thing is when you combine them!
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