Does that sound like you?
The summer buying season is here but it’s easy to get overwhelmed by the home-buying process. Roller coaster rates (that seem to be stuck on a big hill). The never-ending jargon ( “amortization” anyone?) and the acronyms.
Fortunately, Mark and the team cut through the BS and help you focus on the important stuff. Your job is to always keep your eye on what you want for yourself and your family long term. Mark can walk and talk you through the process in a way that makes sense for YOU. There are so many things that you can do—many of them may not be obvious to the average lender—to purchase a new home or buy a second property.
Hint: pinching pennies won’t make you wealthy.
Yes, less is more.
I know this goes against everything you learned, but you can put 5% down and actually make more money than you spend on mortgage insurance. Sound crazy? Here’s a real example: Mark put a loan together that went from no mortgage insurance to mortgage insurance ($800) BUT the buyer invested the rest of her cash (saved on a lower down payment) in an S&P 500 index fund. In one year, she will make $9,900.
If you can’t find it, build it.
Spoiler alert: existing home inventory in Austin is in short supply. Nobody wants to sell when their current mortgage rate is so low. Fine. Just build what you want. But talk to Mark first! Many builders have a “preferred lender.” That’s great but they may be putting you into a one-size-fits-all loan. Mark can give you an analysis about what the right loan is for you- now, and in the future. This is financial planning style lending. It helps you step over those short-term pennies to reach the long-term dollars.