Bock Mortgage Group - Michael Bock and Theresa NeSmith

Michael Bock November 21, 2023

How Will A Short Sale Affect Your Ability To Buy Another House In The Future?

One of the most immediate consequences of a short sale is its impact on your credit score. When you sell your home for less than the amount owed on your mortgage, the lender reports the debt as “settled” or “paid less than the full amount,” which can significantly lower your credit score.

Michael Bock November 20, 2023

What’s Ahead For Mortgage Rates This Week – November 20, 2023

There’s a consistent trend of inflation slowing down which brings a greater potential for the end of any rate hikes from the Federal Reserve, signaling a soft-landing for the economy which has been touted by Jerome Powell. With a soft landing, it does also signal a strong potential for the Federal Reserve to begin lowering rates in the coming future.

Michael Bock November 17, 2023

Financing Your Oasis with a Construction Loan for Swimming Pools and Spas

Installing a swimming pool, hot tub, or water feature in your backyard can significantly enhance your home’s value and your quality of life. Financing these projects through construction loans provides a practical and structured way to fund your dream outdoor oasis.

Michael Bock November 16, 2023

Comparing Temporary and Permanent Mortgage Buydowns

t’s important to note that while a temporary buydown can lower monthly payments during the buydown period, it does not reduce the total amount of interest paid over the life of the loan. In fact, the total interest paid over the life of the loan may be higher due to the upfront fee paid to fund the buydown.

Michael Bock November 14, 2023

Speed Your Mortgage Approval up by Following This Checklist

Being unprepared and not having your finances in order will make it even more stressful. Here are a few quick ways if you’re looking to speed up your mortgage approval process, here’s a checklist to help you prepare.

Michael Bock November 13, 2023

Which Big Tax Breaks Are Available From Home Credits

Property Tax Deduction: Homeowners can deduct the amount they pay in property taxes on their primary residence and any other real estate they own. The property tax deduction is an itemized deduction and can help reduce your taxable income.