Bock Mortgage Group - Michael Bock and Theresa NeSmith

Team Mortgage Mikes October 18, 2023 Leave a Comment

How Do Mortgage Lenders Decide How Much You Can Borrow?

When it comes to buying a home, one of the most critical factors to consider is how much you can borrow through a mortgage.

Team Mortgage Mikes October 17, 2023 Leave a Comment

3 Important Tips When Making a Down Payment for a Home

When it comes to purchasing a home, one of the most significant financial decisions you’ll make is how much to put down as a down payment. Your down payment not only affects the amount you need to borrow but also plays a vital role in determining your mortgage interest rate and overall financial stability.

Team Mortgage Mikes October 16, 2023 Leave a Comment

What’s Ahead For Mortgage Rates This Week – October 16, 2023

Last week’s economic report schedule included notable reports with the CPI & Core CPI in addition to PPI and Core PPI. Many markets are keeping a close eye on the inflation numbers for the U.S. as well as many other parts of the world to help guide their policies. Other notable reports were MBA Mortgage […]

Team Mortgage Mikes October 13, 2023 Leave a Comment

The LTV Ratio How Loan to Value Works and Why You Need to Understand This Ratio

Are you in the market for a new home? If you plan on using mortgage financing to buy your next home you’ve likely heard the phrase “loan-to-value” or the acronym “LTV” before. Let’s take a quick look at the loan-to-value ratio including why it’s important, how to calculate it, and how it can affect your […]

Team Mortgage Mikes October 12, 2023 Leave a Comment

What Makes Up A PITI Mortgage Payment?

Many mortgage payments are made up of four parts, called PITI. PITI is an acronym that stands for principal, interest, tax, and insurance. It’s important to understand PITI because it is the real number you need to use in order to find out how much mortgage you can afford to pay each month. One of […]

Team Mortgage Mikes October 11, 2023 Leave a Comment

Worried about Your FICO Score? 4 Easy Strategies to Fix It Up

If you’re worried about your bad credit, you’ll want to do everything in your power to improve your rating as quickly as possible – especially if you have a major purchase coming up. Improving your credit rating can give you access to better interest rates on mortgages or even help you get that job you’re […]