Bock Mortgage Group - Michael Bock and Theresa NeSmith

Team Mortgage Mikes April 22, 2020

Disruptive Technology And The Real Estate Market

Recent advancements in technology continue to disrupt the real estate market. This includes the use of “Big Data” for data mining, artificial intelligence combined with machine learning, augmented and virtual reality, use of drones, blockchain technology, and the ongoing deployment of 5G.

Team Mortgage Mikes April 21, 2020

How Do Mortgage Points Cut Your Interest Costs?

Those who are involved in the real estate industry likely know that mortgage rates are at an all-time low. At the same time, nobody wants to pay more for a house than they have to. Some of the most important factors that dictate how much someone is going to pay for a house include points and interest rates.

Team Mortgage Mikes April 20, 2020

What’s Ahead For Mortgage Rates This Week – April 20th, 2020

Last week’s scheduled economic reporting included readings on home builder sentiment, housing starts and building permits issued. Weekly reports on mortgage rates and initial jobless claims were also released

Team Mortgage Mikes April 17, 2020

The Narrowing Gap Between Renting And Buying A Home In The US

According to data compiled by Realtor.com in the fourth quarter of 2019, it is still more affordable overall to rent versus buy a home — but just barely. The median monthly mortgage payment at the end of 2019 was $1,600, while the median monthly rent payment was $1,319. This is largely due to steadily-increasing rates, rising home prices, and near-record-low mortgage rates.

Team Mortgage Mikes April 16, 2020

What Should I Consider Most When Buying A Home This Year?

There are two times when it is best to buy a home. When you have to buy one and when you can afford to buy one. In general, owning a home is better than renting one because you are building up equity for yourself, instead of throwing your money away by helping the landlord buy the property with your rent money.

Team Mortgage Mikes April 15, 2020

Mortgage Relief Refinance Programs For 2020

There are lots of people out there who are searching for options for mortgage relief. A quick search will reveal options for programs such as FMERR and HARP; however, many of the articles regarding these programs are a bit outdated. This makes them misleading. Sometimes, people might think they can apply for these programs when, in reality, they cannot. These programs have expired. Fortunately, there is another option for HIRO.