Bock Mortgage Group - Michael Bock and Theresa NeSmith

Team Mortgage Mikes August 23, 2022

Assessing Your ‘Debt-to-Income Ratio’ and Why This Number Matters When Getting a Mortgage

For those who are looking to buy a home soon, keep in mind that the Debt-to-Income ratio of the borrower plays a huge role in the approval of your mortgage application. A low DTI may make it easier for the lender and the underwriter to justify making a loan to the borrower.

Team Mortgage Mikes August 22, 2022

What’s Ahead For Mortgage Rates This Week – August 22, 2022

Last week’s economic reporting included readings on home builder confidence in housing market conditions, Commerce Department readings on building permits issued, and housing starts along with readings on retail sales. Weekly readings on mortgage rates and jobless claims were also published.

Team Mortgage Mikes August 19, 2022

The Top Home Maintenance Mistake’s You Must Avoid

If you own a home, you understand just how important it is to take care of it. Even though a lot of people think that if it isn’t broken you should not fix it, that doesn’t mean you should not take care of it. Take a look at a few of the top home maintenance mistakes you need to avoid, and do not let your home fall into a state of disrepair.

Team Mortgage Mikes August 18, 2022

Understanding the Principal Limit on a Reverse Mortgage and What Happens if You Reach It

If you’re considering applying for a reverse mortgage, you’ll want to ensure you understand certain critical factors. One such factor is the principal limit. The principal limit will have a strong influence on your finances, which is why you’ll need to ensure you know – before applying for your reverse mortgage – what your principal limit is.

Team Mortgage Mikes August 17, 2022

Mortgage Shopping And Your Credit Score

The vast majority of people have to take out a home loan to purchase a house. This means applying for a mortgage. Unfortunately, shopping for a mortgage can actually hurt your credit score.

Team Mortgage Mikes August 16, 2022

What To Know About a 40-Year Mortgage

If you take a look at your mortgage options, you might find an option for a 40-year mortgage. Now, most lenders do not offer this as an option, but if you find yourself struggling to keep up with your mortgage payments, the lender may offer to restructure your loan into a 40-year term. Is this a smart move, and what do you need to know about this choice?