Bock Mortgage Group - Michael Bock and Theresa NeSmith

Team Mortgage Mikes May 15, 2023

What’s Ahead For Mortgage Rates This Week – May 15, 2023

The U.S. Labor Department reported the month-to-month pace of inflation rose by 0.40 percent in April and matched analysts’ expectations. April’s reading surpassed the March reading of 0.10 percent month-to-month inflationary growth. Inflation rose by 4.90 percent year-over-year in April. Analysts expect inflationary growth to continue, but at a slower pace through 2023.

Team Mortgage Mikes May 12, 2023

Should You Help Your Kids Pay for Their Mortgage?

It’s important to evaluate your own financial situation before deciding whether to help your kids pay for their mortgage. Make sure that you can afford to provide financial assistance without jeopardizing your own financial security.

Team Mortgage Mikes May 11, 2023

Should I Airbnb My Home?

One of the main reasons people Airbnb their homes is to earn extra income. By renting out their homes to guests, hosts can earn money that can be used to pay bills, save for a vacation, or invest in their future. The decision to Airbnb your home ultimately depends on your personal circumstances and preferences.

Team Mortgage Mikes May 10, 2023

What is Cash to Close?

The Cash to Close amount is calculated by subtracting any applicable credits, such as earnest money or seller contributions, from the total amount of funds needed to complete the transaction. The resulting figure represents the final amount of cash that the buyer needs to bring to the closing.

Team Mortgage Mikes May 9, 2023

What Is A Mechanic’s Lien?

To initiate a mechanic’s lien, the contractor or supplier must follow a specific set of procedures, which can vary depending on the jurisdiction. Generally, these procedures involve filing a notice of claim with the appropriate government office, notifying the property owner of the claim, and giving the owner an opportunity to dispute the claim.

Team Mortgage Mikes May 8, 2023

What’s Ahead For Mortgage Rates This Week – May 8, 2023

Last week’s economic news included reporting on construction spending, the Federal Reserve’s decision to raise its benchmark interest rate, and weekly readings on mortgage rates and jobless claims.