Element Mortgage https://elementmortgage.com Home Loans in CA, WA, HI, and CO Mon, 18 May 2020 15:35:45 +0000 en-US hourly 1 https://wordpress.org/?v=5.4.1 https://elementmortgage.com/wp-content/uploads/2019/04/cropped-favicon-32x32.png Element Mortgage https://elementmortgage.com 32 32 Our Keys On Time Program In Washington https://elementmortgage.com/live/our-keys-on-time-program-in-washington/ https://elementmortgage.com/live/our-keys-on-time-program-in-washington/#respond Sat, 16 May 2020 12:00:15 +0000 https://elementmortgage.com/?p=3997 Element Mortgage’s Keys On Time Program

What if we told you that we feel the traditional way of home-buying is backwards? It’s true! For many years, we witnessed and experienced the traditional home-buying experience and realized that something didn’t seem right. Then, we decided to do something about it! With our Keys On Time program, you will experience a seamless process from start to finish. Not only will it create a smoother experience for you as you purchase your home but it will also ensure that you get you close the deal and get your keys on time faster. Want to know more about this program? Keep reading to learn more about the current, traditional process and the benefits of our new way of doing business. 

The Traditional Way

There is a well-known, common process of buying a home. Each step serves an incredibly important purpose and is crucial to the process as a whole. But what if they are just in the wrong order? Currently, the home buying process generally starts with a little online shopping. As a potential home buyer, you go online, look at listings, and get a general feel for what you’re looking for. From there, you connect with a realtor. Next, you start looking for homes with your realtor. The realtor pairs their experience with your excellent taste to show your family homes that you’re sure to love. And then, out of nowhere, you find THE ONE. It’s the dream home that is perfect for your family and where you can already imagine making memories for years and years to come. 

From there, it’s all hands on deck. Suddenly, everyone is in a rush to get the financial ducks in a row because there’s no way you are going to miss out on this dream home. You likely reach out to your trusty bank to let them know that you are in the process of purchasing a home and you need a loan as soon as possible. In most instances, these loan processors at the banks aren’t necessarily motivated or in a rush to help you. They’ll send over endless amounts of paperwork that basically require you to provide everything but your DNA. You swiftly get everything over to your lender only to find out that you don’t qualify for the loan or that there’s an impossible deadline to reach in order to qualify. Suddenly, your dream home becomes someone else’s. We think this is backwards

#DontDoItBackwards

Together, we can fix it. We are happy to introduce to you this new process. It is a simple adjustment that will completely change the way you buy a home for the better. This program will ensure that you have the best home buying experience and don’t miss out on your dream home while jumping through hoops.

 

The first step, is to meet with us here at Element Mortgage. You’ll quickly notice that we will go above and beyond to do more than just pre-qualify you. We guarantee that you get your keys on time for closing. Next, we will work together to ensure that you are getting the best loan type at the best rate for your family. Once your loan is fully underwritten, it’s time to go shopping. Now you’re armed with the Keys On Time guarantee. With this guarantee, you will close within 15 days instead of 30 days and you’ll be able to compete with (and beat!) those cash offers. You’ll go in with the confidence that you need to put in an offer and never question if you’ll be able to afford the home or if your credit will be good enough. It’s time to step away from the backward, traditional way. When you go with our program, you’ll be confident, prepared, and get your keys on time!

Here are some benefits of the Keys On Time Program:

  • Allows you to write the strongest offer possible in a competitive market.
  • Provides peace of mind knowing that your mortgage has been fully underwritten. There won’t be any last-minute surprises that will jeopardize your chances of closing.
  • You’ll close escrow in as little as 12 days! This makes your offer rise above the others.
  • This process can be used for first time home buyers, move-up buyers, 2nd homes & investment properties.

This is where the guarantee comes into play! If we miss your close of escrow, we will credit you $795. When using this program, you will have a better experience from start to finish and you will have the confidence you need to put in your offer.

Stand Out Above Other Offers

As you may know, we have an extremely competitive housing market in Washington. Using the Keys On Time program, you are sure to stand out above the rest. Your fully-underwritten offer will come across as more prepared and more trustworthy during the offering process. What are you waiting for? Contact us to learn more about this program and to get more than just pre-approved today.

 

Element Mortgage Is Here To Help

You can never be too prepared when it comes to purchasing a home. And whether you are looking to buy, sell, refinance, lock- in a new rate, and more, Element Mortgage is here to help you with all of your mortgage needs. That is what we are here for. Here are Element Mortgage, we are Unlocking the Human Element in a Digital World! You will always work with actual people and will receive personalized attention as a result. Our clients are our number one priority. It is our goal to be your go-to resource for all things mortgage and real estate related. No matter if this is your first home, or if you have a large portfolio; we are the experts you want to work with.

During this time of uncertainty, you can count on us to help you with your mortgage loan needs. We are operating under normal business hours, and our loan officers are offering consultations over video calls. Contact us today to learn more.

Are you wondering how much your home is worth in today’s market? CLICK HERE to get your FREE, detailed home equity report now.

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Our Keys On Time Program In Colorado https://elementmortgage.com/live/our-keys-on-time-program-in-colorado/ https://elementmortgage.com/live/our-keys-on-time-program-in-colorado/#respond Sat, 16 May 2020 12:00:14 +0000 https://elementmortgage.com/?p=4065 Element Mortgage’s Keys On Time Program

What if we told you that we feel the traditional way of home-buying is backwards? It’s true! For many years, we witnessed and experienced the traditional home-buying experience and realized that something didn’t seem right. Then, we decided to do something about it! With our Keys On Time program, you will experience a seamless process from start to finish. Not only will it create a smoother experience for you as you purchase your home but it will also ensure that you get you close the deal and get your keys on time faster. Want to know more about this program? Keep reading to learn more about the current, traditional process and the benefits of our new way of doing business. 

The Traditional Way

There is a well-known, common process of buying a home. Each step serves an incredibly important purpose and is crucial to the process as a whole. But what if they are just in the wrong order? Currently, the home buying process generally starts with a little online shopping. As a potential home buyer, you go online, look at listings, and get a general feel for what you’re looking for. From there, you connect with a realtor. Next, you start looking for homes with your realtor. The realtor pairs their experience with your excellent taste to show your family homes that you’re sure to love. And then, out of nowhere, you find THE ONE. It’s the dream home that is perfect for your family and where you can already imagine making memories for years and years to come. 

From there, it’s all hands on deck. Suddenly, everyone is in a rush to get the financial ducks in a row because there’s no way you are going to miss out on this dream home. You likely reach out to your trusty bank to let them know that you are in the process of purchasing a home and you need a loan as soon as possible. In most instances, these loan processors at the banks aren’t necessarily motivated or in a rush to help you. They’ll send over endless amounts of paperwork that basically require you to provide everything but your DNA. You swiftly get everything over to your lender only to find out that you don’t qualify for the loan or that there’s an impossible deadline to reach in order to qualify. Suddenly, your dream home becomes someone else’s. We think this is backwards

#DontDoItBackwards

Together, we can fix it. We are happy to introduce to you this new process. It is a simple adjustment that will completely change the way you buy a home for the better. This program will ensure that you have the best home buying experience and don’t miss out on your dream home while jumping through hoops.

 

The first step, is to meet with us here at Element Mortgage. You’ll quickly notice that we will go above and beyond to do more than just pre-qualify you. We guarantee that you get your keys on time for closing. Next, we will work together to ensure that you are getting the best loan type at the best rate for your family. Once your loan is fully underwritten, it’s time to go shopping. Now you’re armed with the Keys On Time guarantee. With this guarantee, you will close within 15 days instead of 30 days and you’ll be able to compete with (and beat!) those cash offers. You’ll go in with the confidence that you need to put in an offer and never question if you’ll be able to afford the home or if your credit will be good enough. It’s time to step away from the backward, traditional way. When you go with our program, you’ll be confident, prepared, and get your keys on time!

Here are some benefits of the Keys On Time Program:

  • Allows you to write the strongest offer possible in a competitive market.
  • Provides peace of mind knowing that your mortgage has been fully underwritten. There won’t be any last-minute surprises that will jeopardize your chances of closing.
  • You’ll close escrow in as little as 12 days! This makes your offer rise above the others.
  • This process can be used for first time home buyers, move-up buyers, 2nd homes & investment properties.

This is where the guarantee comes into play! If we miss your close of escrow, we will credit you $795. When using this program, you will have a better experience from start to finish and you will have the confidence you need to put in your offer.

Stand Out Above Other Offers

As you may know, we have an extremely competitive housing market in Colorado. Using the Keys On Time program, you are sure to stand out above the rest. Your fully-underwritten offer will come across as more prepared and more trustworthy during the offering process. What are you waiting for? Contact us to learn more about this program and to get more than just pre-approved today.

 

Element Mortgage Is Here To Help

You can never be too prepared when it comes to purchasing a home. And whether you are looking to buy, sell, refinance, lock- in a new rate, and more, Element Mortgage is here to help you with all of your mortgage needs. That is what we are here for. Here are Element Mortgage, we are Unlocking the Human Element in a Digital World! You will always work with actual people and will receive personalized attention as a result. Our clients are our number one priority. It is our goal to be your go-to resource for all things mortgage and real estate related. No matter if this is your first home, or if you have a large portfolio; we are the experts you want to work with.

During this time of uncertainty, you can count on us to help you with your mortgage loan needs. We are operating under normal business hours, and our loan officers are offering consultations over video calls. Contact us today to learn more. 

Are you wondering how much your home is worth in today’s market? CLICK HERE to get your FREE, detailed home equity report now.

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Our Keys On Time Program In Hawaii https://elementmortgage.com/live/our-keys-on-time-program-in-hawaii/ https://elementmortgage.com/live/our-keys-on-time-program-in-hawaii/#respond Sat, 16 May 2020 12:00:10 +0000 https://elementmortgage.com/?p=4064 Element Mortgage’s Keys On Time Program

What if we told you that we feel the traditional way of home-buying is backwards? It’s true! For many years, we witnessed and experienced the traditional home-buying experience and realized that something didn’t seem right. Then, we decided to do something about it! With our Keys On Time program, you will experience a seamless process from start to finish. Not only will it create a smoother experience for you as you purchase your home but it will also ensure that you get you close the deal and get your keys on time faster. Want to know more about this program? Keep reading to learn more about the current, traditional process and the benefits of our new way of doing business. 

The Traditional Way

There is a well-known, common process of buying a home. Each step serves an incredibly important purpose and is crucial to the process as a whole. But what if they are just in the wrong order? Currently, the home buying process generally starts with a little online shopping. As a potential home buyer, you go online, look at listings, and get a general feel for what you’re looking for. From there, you connect with a realtor. Next, you start looking for homes with your realtor. The realtor pairs their experience with your excellent taste to show your family homes that you’re sure to love. And then, out of nowhere, you find THE ONE. It’s the dream home that is perfect for your family and where you can already imagine making memories for years and years to come. 

From there, it’s all hands on deck. Suddenly, everyone is in a rush to get the financial ducks in a row because there’s no way you are going to miss out on this dream home. You likely reach out to your trusty bank to let them know that you are in the process of purchasing a home and you need a loan as soon as possible. In most instances, these loan processors at the banks aren’t necessarily motivated or in a rush to help you. They’ll send over endless amounts of paperwork that basically require you to provide everything but your DNA. You swiftly get everything over to your lender only to find out that you don’t qualify for the loan or that there’s an impossible deadline to reach in order to qualify. Suddenly, your dream home becomes someone else’s. We think this is backwards

#DontDoItBackwards

Together, we can fix it. We are happy to introduce to you this new process. It is a simple adjustment that will completely change the way you buy a home for the better. This program will ensure that you have the best home buying experience and don’t miss out on your dream home while jumping through hoops.

 

The first step, is to meet with us here at Element Mortgage. You’ll quickly notice that we will go above and beyond to do more than just pre-qualify you. We guarantee that you get your keys on time for closing. Next, we will work together to ensure that you are getting the best loan type at the best rate for your family. Once your loan is fully underwritten, it’s time to go shopping. Now you’re armed with the Keys On Time guarantee. With this guarantee, you will close within 15 days instead of 30 days and you’ll be able to compete with (and beat!) those cash offers. You’ll go in with the confidence that you need to put in an offer and never question if you’ll be able to afford the home or if your credit will be good enough. It’s time to step away from the backward, traditional way. When you go with our program, you’ll be confident, prepared, and get your keys on time!

Here are some benefits of the Keys On Time Program:

  • Allows you to write the strongest offer possible in a competitive market.
  • Provides peace of mind knowing that your mortgage has been fully underwritten. There won’t be any last-minute surprises that will jeopardize your chances of closing.
  • You’ll close escrow in as little as 12 days! This makes your offer rise above the others.
  • This process can be used for first time home buyers, move-up buyers, 2nd homes & investment properties.

This is where the guarantee comes into play! If we miss your close of escrow, we will credit you $795. When using this program, you will have a better experience from start to finish and you will have the confidence you need to put in your offer.

Stand Out Above Other Offers

As you may know, we have an extremely competitive housing market in Hawaii. Using the Keys On Time program, you are sure to stand out above the rest. Your fully-underwritten offer will come across as more prepared and more trustworthy during the offering process. What are you waiting for? Contact us to learn more about this program and to get more than just pre-approved today.

 

Element Mortgage Is Here To Help

You can never be too prepared when it comes to purchasing a home. And whether you are looking to buy, sell, refinance, lock- in a new rate, and more, Element Mortgage is here to help you with all of your mortgage needs. That is what we are here for. Here are Element Mortgage, we are Unlocking the Human Element in a Digital World! You will always work with actual people and will receive personalized attention as a result. Our clients are our number one priority. It is our goal to be your go-to resource for all things mortgage and real estate related. No matter if this is your first home, or if you have a large portfolio; we are the experts you want to work with.

During this time of uncertainty, you can count on us to help you with your mortgage loan needs. We are operating under normal business hours, and our loan officers are offering consultations over video calls. Contact us today to learn more.

Are you wondering how much your home is worth in today’s market? CLICK HERE to get your FREE, detailed home equity report now.

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Our Keys On Time Program In California https://elementmortgage.com/live/our-keys-on-time-program-in-california/ https://elementmortgage.com/live/our-keys-on-time-program-in-california/#respond Sat, 16 May 2020 12:00:08 +0000 https://elementmortgage.com/?p=4063 Element Mortgage’s Keys On Time Program

What if we told you that we feel the traditional way of home-buying is backwards? It’s true! For many years, we witnessed and experienced the traditional home-buying experience and realized that something didn’t seem right. Then, we decided to do something about it! With our Keys On Time program, you will experience a seamless process from start to finish. Not only will it create a smoother experience for you as you purchase your home but it will also ensure that you get you close the deal and get your keys on time faster. Want to know more about this program? Keep reading to learn more about the current, traditional process and the benefits of our new way of doing business. 

The Traditional Way

There is a well-known, common process of buying a home. Each step serves an incredibly important purpose and is crucial to the process as a whole. But what if they are just in the wrong order? Currently, the home buying process generally starts with a little online shopping. As a potential home buyer, you go online, look at listings, and get a general feel for what you’re looking for. From there, you connect with a realtor. Next, you start looking for homes with your realtor. The realtor pairs their experience with your excellent taste to show your family homes that you’re sure to love. And then, out of nowhere, you find THE ONE. It’s the dream home that is perfect for your family and where you can already imagine making memories for years and years to come. 

From there, it’s all hands on deck. Suddenly, everyone is in a rush to get the financial ducks in a row because there’s no way you are going to miss out on this dream home. You likely reach out to your trusty bank to let them know that you are in the process of purchasing a home and you need a loan as soon as possible. In most instances, these loan processors at the banks aren’t necessarily motivated or in a rush to help you. They’ll send over endless amounts of paperwork that basically require you to provide everything but your DNA. You swiftly get everything over to your lender only to find out that you don’t qualify for the loan or that there’s an impossible deadline to reach in order to qualify. Suddenly, your dream home becomes someone else’s. We think this is backwards

#DontDoItBackwards

Together, we can fix it. We are happy to introduce to you this new process. It is a simple adjustment that will completely change the way you buy a home for the better. This program will ensure that you have the best home buying experience and don’t miss out on your dream home while jumping through hoops.

 

The first step, is to meet with us here at Element Mortgage. You’ll quickly notice that we will go above and beyond to do more than just pre-qualify you. We guarantee that you get your keys on time for closing. Next, we will work together to ensure that you are getting the best loan type at the best rate for your family. Once your loan is fully underwritten, it’s time to go shopping. Now you’re armed with the Keys On Time guarantee. With this guarantee, you will close within 15 days instead of 30 days and you’ll be able to compete with (and beat!) those cash offers. You’ll go in with the confidence that you need to put in an offer and never question if you’ll be able to afford the home or if your credit will be good enough. It’s time to step away from the backward, traditional way. When you go with our program, you’ll be confident, prepared, and get your keys on time!

Here are some benefits of the Keys On Time Program:

  • Allows you to write the strongest offer possible in a competitive market.
  • Provides peace of mind knowing that your mortgage has been fully underwritten. There won’t be any last-minute surprises that will jeopardize your chances of closing.
  • You’ll close escrow in as little as 12 days! This makes your offer rise above the others.
  • This process can be used for first time home buyers, move-up buyers, 2nd homes & investment properties.

This is where the guarantee comes into play! If we miss your close of escrow, we will credit you $795. When using this program, you will have a better experience from start to finish and you will have the confidence you need to put in your offer.

Stand Out Above Other Offers

As you may know, we have an extremely competitive housing market in California. Using the Keys On Time program, you will stand out above the rest. Your fully-underwritten offer will come across as more prepared and more trustworthy during the offering process. What are you waiting for? Contact us to learn more about this program and to get more than just pre-approved today.

 

Element Mortgage Is Here To Help

You can never be too prepared when it comes to purchasing a home. And whether you are looking to buy, sell, refinance, lock- in a new rate, and more, Element Mortgage is here to help you with all of your mortgage needs. That is what we are here for. Here are Element Mortgage, we are Unlocking the Human Element in a Digital World! You will always work with actual people and will receive personalized attention as a result. Our clients are our number one priority. It is our goal to be your go-to resource for all things mortgage and real estate related. No matter if this is your first home, or if you have a large portfolio; we are the experts you want to work with.

During this time of uncertainty, you can count on us to help you with your mortgage loan needs. We are operating under normal business hours, and our loan officers are offering consultations over video calls. Contact us today to learn more.

Are you wondering how much your home is worth in today’s market? CLICK HERE to get your FREE, detailed home equity report now.

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COVID-19’s Impact and Available Resources in Colorado https://elementmortgage.com/live/covid-19s-impact-and-available-resources-in-colorado/ https://elementmortgage.com/live/covid-19s-impact-and-available-resources-in-colorado/#respond Tue, 12 May 2020 12:00:59 +0000 https://elementmortgage.com/?p=3974 COVID-19’s Impact and Available Resources in Colorado

The impact of COVID-19 has upended lives all over the world. You may think that because of everything going on in the world, you have to cancel or delay your dream of buying a home in Colorado. Fortunately, this is not the case. Amidst the changes that COVID-19 has forced us to implement, now is still a great time to purchase, sell, refinance, and take care of other mortgage and personal loan requests. During this time, it is important to utilize the many new and previously available resources for your mortgage needs and questions. And above all, Element Mortgage is here to help you now more than ever before. 

The Impact of Coronavirus

Studies have shown that real estate agents are seeing a sudden decrease in homes being purchased and sold due to Coronavirus. However, with lower-than-average mortgage rates and a broader market, motivated buyers in Colorado are seeing more opportunities and less competition in the housing market than before. Keep in mind that when quarantine ends and social distancing measures are lifted, we are likely to see a boom in home shoppers and housing sales. When things shift back to normal, this pent-up demand could potentially push home prices higher and limit your options. For most people, that means now is a great time to consider buying, selling, or refinancing your mortgage loan. Continue reading to learn the impact of COVID-19 in several different areas of the mortgage industry. 

 

Buying and Selling Homes

As we mentioned, COVID-19 is impacting buyers and sellers all over the world. There has been a decrease in activity in both the buyers and sellers markets. However, if you are a motivated buyer, this could be a great opportunity for you to get the home of your dreams while receiving an awesome mortgage rate. When you combine the historically low rates and new programs and resources available during this time, you have several factors that will help you to either buy a home. Recession or not, the only bad time to purchase a house is when you buy beyond your financial means. Be knowledgable about your current financial situation, look into getting pre-qualified or pre-approved, and you’ll know how much home you can afford.

For sellers, the limited housing inventory works in your favor. This reason for this is that you have less sales competition in your area. Keep in mind, it is likely that all of your motivated shoppers will be viewing your home virtually. Knowing this, go above and beyond to create an above-par experience for them. It is crucial to have outstanding photos of your home available on your listing and to even consider providing a virtual tour. A virtual tour can create a level of trust, clarification, and can help a buyer to know and understand the space better.

Are you wondering how much your home is worth in today’s market? CLICK HERE to get your FREE, detailed home equity report now.

Current Mortgage Rates

You may have heard that in Colorado, we have had a drastic shift in mortgage loan rates. In fact, mortgage rates recently plummeted to their lowest level in nearly 50 years. This is due to the face that the Federal Reserve has taken multiple opportunities to keep money flowing through the mortgage financing system. One step they took included two interest rate cuts in the month of March. 

These rate cuts from March 3 and March 15 are good for those with or shopping for adjustable-rate mortgages and HELOCs since they are guided by Federal rate movements. Overall, adjustable-rate mortgages will likely see lower rates at their next reset period. And HELOC rates are averaging about 1.25 percentage points lower in mid-April than in mid-February.

Refinancing Your Loan

Due to current rates and unstable financial situations, tons of people are taking advantage of the current mortgage rates to refinance their home loans. And now is a great time to do so. There are several reasons you may choose now as the time to refinance your loan. You may be looking to get a lower monthly payment, to shorten the length of the loan, switch out your adjustable-rate mortgage with a low fixed-rate loan, to borrow more than you owe in a cash-out refinance or to eliminate FHA mortgage insurance.

Our loan officers will be there to guide you through every step of the refinancing process. From what choosing which type of loan is best for you to lock in your rate. But don’t wait! As more people refinance, rates are expected to start increasing. So, if you are looking to save some money and lower your rates, reach out to us today. 

Loan Pre-Approvals

If you’re in the market to purchase a new home or are looking to upgrade or downgrade your space, take advantage of getting preapproved. During this time, showing sellers that you’ve been preapproved is a great way to prove to them that you’re motivated and that the sale is not likely to fall through. With a smaller inventory of houses creating a more competitive market, this can give you the edge you need to become their top buyer. Keep reading, we have a list of resources and programs available in Colorado below. 

Resources in Colorado

During the COVID-19 crisis, things may feel uncertain or scary. Many people are left with reduced income or even unemployment. Due to this, the federal government enacted the Coronavirus Aid, Relief, and Economic Security Act, which partly guides lenders to provide mortgage relief options to affected homeowners.

Fortunately, there are several resources available at our fingertips. Some individual lending companies and Colorado governments are also taking independent action to provide mortgage relief to homeowners.

Whether you are seeking information, worried about making your next mortgage payment, or are looking for business financial assistance, there are likely resources available in Colorado that will be beneficial for you.

 

The Element Mortgage Difference

Whether you are looking for a fixed rate, adjustable rate, FHA, or VA loan, Element Mortgage is here to help you. Not sure which loan would suit you best? That is what we are here for. Here are Element Mortgage, we are Unlocking the Human Element in a Digital World! You will work with real people and will receive personalized attention as a result. You are our number one priority. It is our mission to be your go-to resource for all things mortgage and real estate related. No matter if this is your first home, or if you have a large portfolio; we are the experts you want to work with.

During this time of uncertainty, you can count on us to help you with your mortgage loan needs. We are operating under normal business hours, and our loan officers are offering consultations over video calls. Contact us today to learn more.

 

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COVID-19’s Impact and Available Resources in Hawaii https://elementmortgage.com/live/covid-19s-impact-and-available-resources-in-hawaii/ https://elementmortgage.com/live/covid-19s-impact-and-available-resources-in-hawaii/#respond Tue, 12 May 2020 12:00:41 +0000 https://elementmortgage.com/?p=3981 COVID-19’s Impact and Available Resources in Hawaii

The impact of COVID-19 has upended lives all over the world. You may think that because of everything going on in the world, you have to cancel or delay your dream of buying a home in Hawaii. Fortunately, this is not the case. Amidst the changes that COVID-19 has forced us to implement, now is still a great time to purchase, sell, refinance, and take care of other mortgage and personal loan requests. During this time, it is important to utilize the many new and previously available resources for your mortgage needs and questions. And above all, Element Mortgage is here to help you now more than ever before. 

The Impact of Coronavirus

Studies have shown that real estate agents are seeing a sudden decrease in homes being purchased and sold due to Coronavirus. However, with lower-than-average mortgage rates and a broader market, motivated buyers in Hawaii are seeing more opportunities and less competition in the housing market than before. Keep in mind that when quarantine ends and social distancing measures are lifted, we are likely to see a boom in home shoppers and housing sales. When things shift back to normal, this pent-up demand could potentially push home prices higher and limit your options. For most people, that means now is a great time to consider buying, selling, or refinancing your mortgage loan. Continue reading to learn the impact of COVID-19 in several different areas of the mortgage industry. 

 

Buying and Selling Homes

As we mentioned, COVID-19 is impacting buyers and sellers all over the world. There has been a decrease in activity in both the buyers and sellers markets. However, if you are a motivated buyer, this could be a great opportunity for you to get the home of your dreams while receiving an awesome mortgage rate. When you combine the historically low rates and new programs and resources available during this time, you have several factors that will help you to either buy a home. Recession or not, the only bad time to purchase a house is when you buy beyond your financial means. Be knowledgable about your current financial situation, look into getting pre-qualified or pre-approved, and you’ll know how much home you can afford.

For sellers, the limited housing inventory works in your favor. This reason for this is that you have less sales competition in your area. Keep in mind, it is likely that all of your motivated shoppers will be viewing your home virtually. Knowing this, go above and beyond to create an above-par experience for them. It is crucial to have outstanding photos of your home available on your listing and to even consider providing a virtual tour. A virtual tour can create a level of trust, clarification, and can help a buyer to know and understand the space better.

Are you wondering how much your home is worth in today’s market? CLICK HERE to get your FREE, detailed home equity report now.

Current Mortgage Rates

You may have heard that in Hawaii, we have had a drastic shift in mortgage loan rates. In fact, mortgage rates recently plummeted to their lowest level in nearly 50 years. This is due to the face that the Federal Reserve has taken multiple opportunities to keep money flowing through the mortgage financing system. One step they took included two interest rate cuts in the month of March. 

These rate cuts from March 3 and March 15 are good for those with or shopping for adjustable-rate mortgages and HELOCs since they are guided by Federal rate movements. Overall, adjustable-rate mortgages will likely see lower rates at their next reset period. And HELOC rates are averaging about 1.25 percentage points lower in mid-April than in mid-February.

Refinancing Your Loan

Due to current rates and unstable financial situations, tons of people are taking advantage of the current mortgage rates to refinance their home loans. And now is a great time to do so. There are several reasons you may choose now as the time to refinance your loan. You may be looking to get a lower monthly payment, to shorten the length of the loan, switch out your adjustable-rate mortgage with a low fixed-rate loan, to borrow more than you owe in a cash-out refinance or to eliminate FHA mortgage insurance.

Our loan officers will be there to guide you through every step of the refinancing process. From what choosing which type of loan is best for you to lock in your rate. But don’t wait! As more people refinance, rates are expected to start increasing. So, if you are looking to save some money and lower your rates, reach out to us today. 

Loan Pre-Approvals

If you’re in the market to purchase a new home or are looking to upgrade or downgrade your space, take advantage of getting preapproved. During this time, showing sellers that you’ve been preapproved is a great way to prove to them that you’re motivated and that the sale is not likely to fall through. With a smaller inventory of houses creating a more competitive market, this can give you the edge you need to become their top buyer. Keep reading, we have a list of resources and programs available in Hawaii below. 

Resources in Hawaii

During the COVID-19 crisis, things may feel uncertain or scary. Many people are left with reduced income or even unemployment. Due to this, the federal government enacted the Coronavirus Aid, Relief, and Economic Security Act, which partly guides lenders to provide mortgage relief options to affected homeowners.

Fortunately, there are several resources available at our fingertips. Some individual lending companies and Hawaii governments are also taking independent action to provide mortgage relief to homeowners.

Whether you are seeking information, worried about making your next mortgage payment, or are looking for business financial assistance, there are likely resources available in Hawaii that will be beneficial for you.

 

The Element Mortgage Difference

Whether you are looking for a fixed rate, adjustable rate, FHA, or VA loan, Element Mortgage is here to help you. Not sure which loan would suit you best? That is what we are here for. Here are Element Mortgage, we are Unlocking the Human Element in a Digital World! You will work with real people and will receive personalized attention as a result. You are our number one priority. It is our mission to be your go-to resource for all things mortgage and real estate related. No matter if this is your first home, or if you have a large portfolio; we are the experts you want to work with.

During this time of uncertainty, you can count on us to help you with your mortgage loan needs. We are operating under normal business hours, and our loan officers are offering consultations over video calls. Contact us today to learn more.

 

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COVID-19’s Impact and Available Resources in California https://elementmortgage.com/live/covid-19s-impact-and-available-resources-in-california/ https://elementmortgage.com/live/covid-19s-impact-and-available-resources-in-california/#respond Tue, 12 May 2020 12:00:29 +0000 https://elementmortgage.com/?p=3976 COVID-19’s Impact and Available Resources in California

The impact of COVID-19 has upended lives all over the world. You may think that because of everything going on in the world, you have to cancel or delay your dream of buying a home in California. Fortunately, this is not the case. Amidst the changes that COVID-19 has forced us to implement, now is still a great time to purchase, sell, refinance, and take care of other mortgage and personal loan requests. During this time, it is important to utilize the many new and previously available resources for your mortgage needs and questions. And above all, Element Mortgage is here to help you now more than ever before. 

The Impact of Coronavirus

Studies have shown that real estate agents are seeing a sudden decrease in homes being purchased and sold due to Coronavirus. However, with lower-than-average mortgage rates and a broader market, motivated buyers in California are seeing more opportunities and less competition in the housing market than before. Keep in mind that when quarantine ends and social distancing measures are lifted, we are likely to see a boom in home shoppers and housing sales. When things shift back to normal, this pent-up demand could potentially push home prices higher and limit your options. For most people, that means now is a great time to consider buying, selling, or refinancing your mortgage loan. Continue reading to learn the impact of COVID-19 in several different areas of the mortgage industry. 

 

Buying and Selling Homes

As we mentioned, COVID-19 is impacting buyers and sellers all over the world. There has been a decrease in activity in both the buyers and sellers markets. However, if you are a motivated buyer, this could be a great opportunity for you to get the home of your dreams while receiving an awesome mortgage rate. When you combine the historically low rates and new programs and resources available during this time, you have several factors that will help you to either buy a home. Recession or not, the only bad time to purchase a house is when you buy beyond your financial means. Be knowledgable about your current financial situation, look into getting pre-qualified or pre-approved, and you’ll know how much home you can afford.

For sellers, the limited housing inventory works in your favor. This reason for this is that you have less sales competition in your area. Keep in mind, it is likely that all of your motivated shoppers will be viewing your home virtually. Knowing this, go above and beyond to create an above-par experience for them. It is crucial to have outstanding photos of your home available on your listing and to even consider providing a virtual tour. A virtual tour can create a level of trust, clarification, and can help a buyer to know and understand the space better.

Are you wondering how much your home is worth in today’s market? CLICK HERE to get your FREE, detailed home equity report now.

Current Mortgage Rates

You may have heard that in California, we have had a drastic shift in mortgage loan rates. In fact, mortgage rates recently plummeted to their lowest level in nearly 50 years. This is due to the face that the Federal Reserve has taken multiple opportunities to keep money flowing through the mortgage financing system. One step they took included two interest rate cuts in the month of March. 

These rate cuts from March 3 and March 15 are good for those with or shopping for adjustable-rate mortgages and HELOCs since they are guided by Federal rate movements. Overall, adjustable-rate mortgages will likely see lower rates at their next reset period. And HELOC rates are averaging about 1.25 percentage points lower in mid-April than in mid-February.

Refinancing Your Loan

Due to current rates and unstable financial situations, tons of people are taking advantage of the current mortgage rates to refinance their home loans. And now is a great time to do so. There are several reasons you may choose now as the time to refinance your loan. You may be looking to get a lower monthly payment, to shorten the length of the loan, switch out your adjustable-rate mortgage with a low fixed-rate loan, to borrow more than you owe in a cash-out refinance or to eliminate FHA mortgage insurance.

Our loan officers will be there to guide you through every step of the refinancing process. From what choosing which type of loan is best for you to lock in your rate. But don’t wait! As more people refinance, rates are expected to start increasing. So, if you are looking to save some money and lower your rates, reach out to us today. 

Loan Pre-Approvals

If you’re in the market to purchase a new home or are looking to upgrade or downgrade your space, take advantage of getting preapproved. During this time, showing sellers that you’ve been preapproved is a great way to prove to them that you’re motivated and that the sale is not likely to fall through. With a smaller inventory of houses creating a more competitive market, this can give you the edge you need to become their top buyer. Keep reading, we have a list of resources and programs available in California below. 

Resources in California

During the COVID-19 crisis, things may feel uncertain or scary. Many people are left with reduced income or even unemployment. Due to this, the federal government enacted the Coronavirus Aid, Relief, and Economic Security Act, which partly guides lenders to provide mortgage relief options to affected homeowners.

Fortunately, there are several resources available at our fingertips. Some individual lending companies and California governments are also taking independent action to provide mortgage relief to homeowners.

Whether you are seeking information, worried about making your next mortgage payment, or are looking for business financial assistance, there are likely resources available in California that will be beneficial for you.

  • Unemployment, eviction, and foreclosure resources.
  • List of contact and other information from national banks, state-chartered banks, credit unions, and mortgage lenders and servicers who have agreed to provide the mortgage and fee relief announced by Governor Gavin Newsom on March 25.
  • Forbearance through your mortgage servicer.
  • California’s office COVID-19 website.
  • Housing and homelessness information.
  • Federal Finance Housing Agency (FFHA)

 

The Element Mortgage Difference

Whether you are looking for a fixed rate, adjustable rate, FHA, or VA loan, Element Mortgage is here to help you. Not sure which loan would suit you best? That is what we are here for. Here are Element Mortgage, we are Unlocking the Human Element in a Digital World! You will work with real people and will receive personalized attention as a result. You are our number one priority. It is our mission to be your go-to resource for all things mortgage and real estate related. No matter if this is your first home, or if you have a large portfolio; we are the experts you want to work with.

During this time of uncertainty, you can count on us to help you with your mortgage loan needs. We are operating under normal business hours, and our loan officers are offering consultations over video calls. Contact us today to learn more.

 

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COVID-19’s Impact and Available Resources in Washington https://elementmortgage.com/live/covid-19s-impact-and-available-resources-in-washington/ https://elementmortgage.com/live/covid-19s-impact-and-available-resources-in-washington/#respond Tue, 12 May 2020 12:00:06 +0000 https://elementmortgage.com/?p=3979 COVID-19’s Impact and Available Resources in Washington

The impact of COVID-19 has upended lives all over the world. You may think that because of everything going on in the world, you have to cancel or delay your dream of buying a home in Washington. Fortunately, this is not the case. Amidst the changes that COVID-19 has forced us to implement, now is still a great time to purchase, sell, refinance, and take care of other mortgage and personal loan requests. During this time, it is important to utilize the many new and previously available resources for your mortgage needs and questions. And above all, Element Mortgage is here to help you now more than ever before. 

The Impact of Coronavirus

Studies have shown that real estate agents are seeing a sudden decrease in homes being purchased and sold due to Coronavirus. However, with lower-than-average mortgage rates and a broader market, motivated buyers in Washington are seeing more opportunities and less competition in the housing market than before. Keep in mind that when quarantine ends and social distancing measures are lifted, we are likely to see a boom in home shoppers and housing sales. When things shift back to normal, this pent-up demand could potentially push home prices higher and limit your options. For most people, that means now is a great time to consider buying, selling, or refinancing your mortgage loan. Continue reading to learn the impact of COVID-19 in several different areas of the mortgage industry. 

 

Buying and Selling Homes

As we mentioned, COVID-19 is impacting buyers and sellers all over the world. There has been a decrease in activity in both the buyers and sellers markets. However, if you are a motivated buyer, this could be a great opportunity for you to get the home of your dreams while receiving an awesome mortgage rate. When you combine the historically low rates and new programs and resources available during this time, you have several factors that will help you to either buy a home. Recession or not, the only bad time to purchase a house is when you buy beyond your financial means. Be knowledgable about your current financial situation, look into getting pre-qualified or pre-approved, and you’ll know how much home you can afford.

For sellers, the limited housing inventory works in your favor. This reason for this is that you have less sales competition in your area. Keep in mind, it is likely that all of your motivated shoppers will be viewing your home virtually. Knowing this, go above and beyond to create an above-par experience for them. It is crucial to have outstanding photos of your home available on your listing and to even consider providing a virtual tour. A virtual tour can create a level of trust, clarification, and can help a buyer to know and understand the space better.

Are you wondering how much your home is worth in today’s market? CLICK HERE to get your FREE, detailed home equity report now.

Current Mortgage Rates

You may have heard that in Washington, we have had a drastic shift in mortgage loan rates. In fact, mortgage rates recently plummeted to their lowest level in nearly 50 years. This is due to the face that the Federal Reserve has taken multiple opportunities to keep money flowing through the mortgage financing system. One step they took included two interest rate cuts in the month of March. 

These rate cuts from March 3 and March 15 are good for those with or shopping for adjustable-rate mortgages and HELOCs since they are guided by Federal rate movements. Overall, adjustable-rate mortgages will likely see lower rates at their next reset period. And HELOC rates are averaging about 1.25 percentage points lower in mid-April than in mid-February.

Refinancing Your Loan

Due to current rates and unstable financial situations, tons of people are taking advantage of the current mortgage rates to refinance their home loans. And now is a great time to do so. There are several reasons you may choose now as the time to refinance your loan. You may be looking to get a lower monthly payment, to shorten the length of the loan, switch out your adjustable-rate mortgage with a low fixed-rate loan, to borrow more than you owe in a cash-out refinance or to eliminate FHA mortgage insurance.

Our loan officers will be there to guide you through every step of the refinancing process. From what choosing which type of loan is best for you to lock in your rate. But don’t wait! As more people refinance, rates are expected to start increasing. So, if you are looking to save some money and lower your rates, reach out to us today. 

Loan Pre-Approvals

If you’re in the market to purchase a new home or are looking to upgrade or downgrade your space, take advantage of getting preapproved. During this time, showing sellers that you’ve been preapproved is a great way to prove to them that you’re motivated and that the sale is not likely to fall through. With a smaller inventory of houses creating a more competitive market, this can give you the edge you need to become their top buyer. Keep reading, we have a list of resources and programs available in Washington below. 

Resources in Washington

During the COVID-19 crisis, things may feel uncertain or scary. Many people are left with reduced income or even unemployment. Due to this, the federal government enacted the Coronavirus Aid, Relief, and Economic Security Act, which partly guides lenders to provide mortgage relief options to affected homeowners.

Fortunately, there are several resources available at our fingertips. Some individual lending companies and Washington governments are also taking independent action to provide mortgage relief to homeowners.

Whether you are seeking information, worried about making your next mortgage payment, or are looking for business financial assistance, there are likely resources available in Washington that will be beneficial for you.

 

The Element Mortgage Difference

Whether you are looking for a fixed rate, adjustable rate, FHA, or VA loan, Element Mortgage is here to help you. Not sure which loan would suit you best? That is what we are here for. Here are Element Mortgage, we are Unlocking the Human Element in a Digital World! You will work with real people and will receive personalized attention as a result. You are our number one priority. It is our mission to be your go-to resource for all things mortgage and real estate related. No matter if this is your first home, or if you have a large portfolio; we are the experts you want to work with.

During this time of uncertainty, you can count on us to help you with your mortgage loan needs. We are operating under normal business hours, and our loan officers are offering consultations over video calls. Contact us today to learn more.

 

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First-time buyer? These 3 loan options may be ideal https://elementmortgage.com/live/first-time-buyer-these-3-loan-options-may-be-ideal/ https://elementmortgage.com/live/first-time-buyer-these-3-loan-options-may-be-ideal/#respond Tue, 17 Mar 2020 23:27:03 +0000 https://elementmortgage.com/?p=3930 Buying your first home is exciting. It can also be challenging.

With so many real estate questions, you and your family may be left wondering about a loan program that suits your needs.

If you’re thinking about buying your first home in Fort Collins, here are three programs that will exceed your expectations and get you into a home you’ve always envisioned.

FHA Loan

These loans are backed by the Federal Housing Administration.

This backing makes it more likely that a lender will approve your application. With built-in protections, borrowers will enjoy flexible borrowing requirements and shallower barriers to a path to homeownership.

In addition to lenient requirements, such as a modest credit score, borrowers may also enjoy the market’s ultra-low rates.

VA Loans

Military service members and Veterans can enlist the help of the federal government with a VA loan.

It features some incredible perks, including a zero-down-payment requirement, no mortgage insurance requirement and low rates and closing costs.

There’s a lot to like about the VA loan, which can close just as fast as any other loan on the market.

USDA Loans

These loans are designed for families seeking plenty of land in rural areas.

The USDA loan is backed and can also be issued directly by the U.S. Department of Agriculture.

With the government’s backing, comes good benefits. Under the USDA loan, first-time buyers may not have to provide a down payment, can enjoy low-interest rates and low mortgage insurance costs. In addition, this loan is also ideal for lower-income buyers.

If you and your family are ready to make Fort Collins home, please reach out to us today and learn more about these powerful loan options.

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Low rates lead to historic surge to mortgage applications https://elementmortgage.com/live/low-rates-lead-to-historic-surge-to-mortgage-applications/ https://elementmortgage.com/live/low-rates-lead-to-historic-surge-to-mortgage-applications/#respond Tue, 17 Mar 2020 23:22:27 +0000 https://elementmortgage.com/?p=3926 Reaching a level not seen for more than a decade, mortgage applications soared 55 percent in the month of March.

The Mortgage Bankers Association said that this activity includes a larger demand for mortgage refinances, as well.

The sudden burst in mortgage applications can be attributed to the continuation of falling interest rates, which are also driven by current market uncertainties related to the Coronavirus.

Refinancing applications increased by 79 percent to its highest level since 2009. The same metric taken last year shows that it’s up by almost 500 percent.

Future homebuyers may be encouraged by both rates and improved housing inventory in some areas.

The news has prompted trade groups to update their forecasts, including bigger gains in refinancing originations.

The Mortgage Bankers Association also noted that the seasonally adjusted purchase index is also up by 6 percent.

If you’re thinking about buying your first home or refinancing your current loan, now may provide an opening. If you love the Seattle/Tacoma/Washington areas and neighborhoods, our team can try to help you take advantage of today’s rates and market trends and find a program that meets your goals.

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