Bock Mortgage Group - Michael Bock and Theresa NeSmith

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.

Team Mortgage Mikes May 25, 2023

What is the Difference Between a Reverse Mortgage and a Home Equity Conversion Mortgage?

A reverse mortgage and a home. equity conversion mortgages (HECM) are both types of loan products that allow homeowners to tap into the equity they have built up in their homes. However, there are some important differences between the two.

Team Mortgage Mikes May 24, 2023

Running A Quick Financial Health Check Before You Apply For A Mortgage

Getting a mortgage is a significant financial decision, and it is crucial to ensure that you are financially prepared before applying for one. Conducting a quick financial health check before applying for a mortgage can help you determine your financial standing and your ability to afford a mortgage payment.

Team Mortgage Mikes May 22, 2023

What’s Ahead For Mortgage Rates This Week – May 22, 2023

Last week’s economic reporting included readings on U.S. housing markets, sales of previously-owned homes, housing starts, and building permits issued. Weekly readings on mortgage rates and jobless claims were also released.