Bock Mortgage Group - Michael Bock and Theresa NeSmith

Michael Bock October 18, 2024

Is a Cash-Out Refinance the Answer to High Credit Card Bills?

If your credit card debt is piling up, a cash-out refinance could be the solution you need to manage your financial situation. By leveraging the equity in your home, you can consolidate your high-interest debts into a lower-interest mortgage, potentially giving you relief from hefty monthly payments.

Michael Bock October 17, 2024

Shared Equity vs. Traditional Loans

When it comes to purchasing a home, most buyers tend to opt for traditional financing methods like Conventional, FHA, or VA loans. These tried-and-true options have been the cornerstone of home financing for decades.

Michael Bock October 16, 2024

Understanding the Financial Power of Mortgage Points

In the world of home financing, mortgage points are a powerful yet often misunderstood tool that can significantly impact your long-term financial outlook.

Michael Bock October 15, 2024

Where Does the Money for Your Mortgage Loan Really Come From?

If you’re considering a mortgage loan, you might wonder where the money actually comes from. It’s not as simple as walking into your neighborhood bank and getting a loan directly from their vault, like it used to be decades ago.

Michael Bock October 14, 2024

What’s Ahead For Mortgage Rates This Week – October 14th, 2024

The CPI and PPI reports delivered their data, showing inflation figures slightly below expectations. However, the positive impact of these reports was tempered by hawkish comments from Federal Reserve members during recent meetings. Despite this, the overall outlook remains optimistic, as further rate cuts are anticipated. Lending partners have also responded positively, significantly lowering their lending rates over the past month.

Michael Bock October 11, 2024

Are You In A Position to Cosign on a Loan?

As home prices continue to rise, some buyers may struggle to qualify for a mortgage on their own. In these cases, a mortgage cosigner can be a helpful solution