Mallory Bobo, NOLA Lending Group, NMLS #: 1830244 updated their website address.
It's now easier to email Mallory Bobo, NOLA Lending Group, NMLS #: 1830244
Good Monday Morning! βοΈ
I'm sure you all have heard that the Feds cut the rate to zero. This does NOT affect mortgage rates directly. However, the reaction within the economy certainly does!
This is an excellent excerpt from an article (linked below), on being sure that you are ready to lock your interest rate when the time comes. The market has been extremely volatile lately, and you may only have a very short window to lock the interest rate you'd like. Let's get those applications in, so that we can get you the interest rate you want π
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"As such, I would give anyone the same guidance right now:
If you haven't done so already, make sure your originator has what they need in order to lock your loan when the time is right. Make a game plan. Talk about where rates are now and what rate you're looking to lock. They HAVE to have what they need from you in order to lock, and they may not have a very big window in which to pull the trigger (that window was less than a few hours wide at the all-time low rates last Monday morning)."
TRST.IN
What The Fed's Emergency Rate Cut Means For Mortgage Rates
One of the more common questions that I receive while helping someone purchase a home is, βHow can I increase my credit score?β
This is a quick chart of factors that affect your credit score. Sometimes, it is as simple as just time since your last credit pull or maturing your credit accounts.
Using these factors to increase your credit score can drastically change your score within a few short months! ππ»
#themoreyouknow
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