New Threshold Mortgage, Inc.

Today was a great day for Chris and Jennie. The storms parted just in time to have a beautiful closing. Thanks to Dave Herren, they found a gorgeous home! Congratulations!!

Who doesn’t love seeing and hearing baby goats on a Sunday afternoon? Great Atlanta business!

VIRTUALLY CLOSE YOUR MORTGAGE The package will be delivered and with one 30 minute call, you are closed. Call me if you want to do an early financial spring cleaning on your Georgia mortgage. Elizabeth 678-467-2330

Wishing you a happy and prosperous new year! I have a bit of business news to announce during this swell of refinances. I’m a Certified Veteran Loan Specialist! So exciting! On another note, please take a look at your mortgage statement. If you are at 3.75% or higher, we need to discuss a refinance. Text me! 678-467-2330

November 28th is Small Business Saturday and while it’s important every day every year THIS year your support is MORE appreciated then ever!! If you cannot support via a purchase, this type of support goes a long way. To everyone who has supported EFW in 2020....thank you!!

Are you trying to purchase a home right now? Make sure you can compete with cash offers without risking thousands in earnest money. Apply for your mortgage with the property "to be determined" (TBD) and get your entire financials fully reviewed so you can tell the seller, "I'm done with the loan!" Your name is on the deal and you get a $500 closing cost DISCOUNT with a leader in pricing and service. What's not to like?

Happy Columbus Day!

Finally had the opportunity to go to a very very small closing and help a dear past client turned friend buy a new home of her dreams. Congratulations Megan! May your new home be bright and beautiful, full of love and fun times!!

Happy closings are still happening and people are moving and loving new homes! Are you ready to make a change?

Now is the time to refinance if you have been delaying. They removed the overlay of a giant fee on mortgages from Freddie and Fannie. If your rate is over 3.75%, you want cash out, you want to shorten the length of the loan and you know the probability of not moving is very low in the next 4-6 years, we should talk.

Do you like bees? Do you like a good interesting story? I found this fellow after becoming interested in bee farming for 20 minutes. "The Bartlett Bee Whisperer" is super interesting to kids, he’s saving our world one hive at a time, and he will even take time to answer questions. It’s been a pure joy to follow his work.

The housing market is moving in Atlanta so keep your eyes open if you are looking to purchase a home! I’m ready to help with the financing! The mortgage market is also helping people defer a few months of mortgage payments and get a bit of cash out because it is a great time to look at refinancing. Give me a call with your current mortgage statement online so we can find out how much of a benefit you will see.

Have you heard the news about skipping a mortgage payment? Or perhaps they discussed forbearance options? This is always the last resort. Some borrowers will be tempted to skip payments whether they need to or not. Before you cancel that autodraft, go to your lender‘s website which it has lots of options, mights and maybe’s. The note you signed with the attorney at the closing table has no mights or maybes. Don’t be deceived. Those skipped payments are NOT forgiven but mIght ...or maybe delayed or restructured, resulting in a large lump sum or higher interest rate with a restructured mortgage payment months later. If you have not been significantly affected by the pandemic, you should continue to make payments, as skipping payments unnecessarily will likely cause significant financial strain at a later date. If you really have no money, call your lender and discuss the options thoroughly so you understand the full consequences of your next step. See more

The Federal Reserve announced on Sunday, March 15, 2020, it would drop interest rates to zero and buy at least $700 billion in government and mortgage-related bonds as part of a wide-ranging emergency action to protect the economy from the impact of the coronavirus outbreak. The lenders are so slammed with refinances that they may not drop their rates, but if they do, it will be in the morning and in the afternoon they will raise them just to slow the traffic. If you have been patient and know what rate you are targeting, let’s take a look and see if it is there with reasonable closing costs tomorrow. The locks are 60 days for the best lenders and refinances are definitely cheaper than purchases so it’s worth the look!

Today: Market opens. Rates open down from Friday. Reprice. Rates are up. Reprice. Rates are down. Market closed. That today!! If you are thinking it might be profitable to refinance, here are some things you need to know and think about before proceeding- How much longer are you keeping your house? Is your current rate 4.375 or higher? What is your credit score?... How much do you want your payment to go down in order to make a refinance worthwhile to you? Lastly, a guide for significant savings is a rate decrease of no less than 1%, and a loan amount over 150k. It’s a guide but these rules are NOT hard and fast. Some other reasons you may consider refinancing anyway includes cash-out, pay the taxes, soften your cash flow or even renovate. I’m here by phone if you want to check it out.

I want to thank a few people for a wonderful purchase. Congrats and thank you for trusting me Caitlin and Bre! Thank you Erika Brown for such awesome clients. Times like these remind me how lucky I was 27 years ago to find mortgage brokering as my life career. (I was 10, right? )

Buy or Refinance with Confidence