Bock Mortgage Group - Michael Bock and Theresa NeSmith

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

Michael Bock October 10, 2024

What Is A Home Loan Offset Account And How Does It Work?

Looking for ways to reduce the amount of interest you pay on your mortgage and shorten its lifespan? A home loan offset account might be the solution.

Michael Bock October 9, 2024

Does Your Home Loan Have a Prepayment Penalty?

Buying a home is a huge milestone, and the excitement of closing can lead many buyers to quickly accept any mortgage offer without fully understanding its terms. One important detail to watch for is whether your mortgage includes a prepayment penalty.

Michael Bock October 8, 2024

Consolidate Credit Card Debt with a Cash-Out Refinance

If you’re feeling overwhelmed by credit card debt, a cash-out refinance may be an effective way to manage it. This type of mortgage allows you to utilize your home’s equity to pay off high-interest credit cards, consolidating them into a single, lower-interest mortgage payment.