Bock Mortgage Group - Michael Bock and Theresa NeSmith

Team Mortgage Mikes June 7, 2023

What You Need To Know About Your Home Appraisal And Your Mortgage

When buying a home, there are certain steps a buyer should go through before the home sale is official. First the buyer makes the offer, then the offer is accepted.

Team Mortgage Mikes June 6, 2023

Most Renters Are Paying Far More Than Their Landlord’s Mortgage

It is not uncommon for renters to pay more in rent than their landlord’s mortgage payment. This is because landlords are typically looking to make a profit on their rental properties, and they will often set their rent prices based on market rates rather than the cost of their mortgage.

Team Mortgage Mikes June 2, 2023

S&P Case-Shiller Home Price Indices Show Mixed Readings in March

Homeowners took a “wait and see” position as mortgage rates rose and concerns over the economy persisted. Those who refinanced their mortgages to low rates during the pandemic weren’t looking to buy new homes or refinance at current mortgage rates near seven percent. Prospective homebuyers faced affordability challenges and concerns over buying at the top of their local real estate markets.

Team Mortgage Mikes June 1, 2023

Does My Current Debt Affect Getting A New Mortgage?

It’s important to manage your debt carefully and maintain a good credit score if you’re planning to apply for a new mortgage. By evaluating the following and staying on track, you can ensure that you’re ready for the financial responsibilities of a mortgage and can make an informed decision about homeownership.

Team Mortgage Mikes May 31, 2023

An Overview Of Mortgage Points

There are two types of mortgage points: discount points and origination points. Discount points are used to buy down the interest rate on the loan, while origination points are used to cover the lender’s administrative costs.

Team Mortgage Mikes May 30, 2023

What’s Ahead For Mortgage Rates This Week – May 30, 2023

Homeowners weren’t in a hurry to sell their homes due to the low mortgage rates they obtained during the pandemic. Current mortgage rates are higher than pandemic-era rates, which influenced homeowners to stay in their homes and keep their lower existing mortgage rates.