Bock Mortgage Group - Michael Bock and Theresa NeSmith

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.

Team Mortgage Mikes May 19, 2023

Important Things You Should Know About Land Surveys

A land survey is an essential tool that is used to determine the exact boundaries of a piece of land or property. It is often required when buying, selling, or dividing land, and is also important for resolving property line disputes.

Team Mortgage Mikes May 18, 2023

What is a Bridge Loan and How Does it Work?

A bridge loan, also known as interim financing, is a short-term loan used to provide temporary financing until a borrower secures long-term financing or sells an asset. Bridge loans are commonly used in real estate transactions, such as when a buyer needs to close on a new home before selling their current home.

Team Mortgage Mikes May 17, 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 May 16, 2023

Buying A Home With Cash Versus Low Interest Rate Mortgages

When deciding whether to buy a home with cash or to obtain a low-interest-rate mortgage, there are several factors to consider. A cash offer can be very competitive in a real estate market, as it can give the buyer a significant advantage over buyers who need to obtain financing through a mortgage.

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.