Eric Richeson - Mortgage Services

**The 10 Commandments every homebuyer needs to follow***

Realtors...2025 is supposed to be a 31% increase in business. It is our time to shine, let's go!!!

Realtors...31%, thats the forecasted jump in sales for 2025! Do you have a "daily" plan? I have one for you, see below in comments

Y'all that are pre-approved and ready to buy a new home, hold off on going crazy during Amazon Prime Day!

2024-2025 Wrestling is upon us! Humbled and honored to help be an assistant coach for our new grass roots program as we enter our second year. Please help spread the word as we are only two weeks away from our first practice.

Please reach out for more information.

Business is picking up...Let's go!!

Alright Alright Alright!!! As forecasted, we are seeing the Lowest mortgage interest rates in the past 15 months. We knew this was coming, it did take longer than expected, but we are trending in the right direction. If you have been sitting on the sidelines for "rates to improve" today is the "improvement" we have been waiting for!!! Let's go!

Recently helped a single Dad get a no-repayment grant from the state of Texas for his down payment. DM me for more info.

Here’s a 6-point breakdown of the mortgage rate dip's impact on the housing market:

Recent Rate Drop: Mortgage rates fell to 6.37%, but this slight drop hasn't revived housing activity.

Homebuyers Wait: Many buyers are on hold, waiting for further rate reductions before entering the market.

Affordability Issues: Despite the dip, high home prices and rates continue to limit affordability.

Seller Reluctance: Homeowners are hesitant to sell due to high switching costs from their current, lower-rate loans.

Limited Refinancing Surge: Some refinancing is happening, but mostly for those locked into rates of 7% or higher.

Future Rate Expectations: A significant refi boom may require rates to dip below 5.5%.

DM me for more information, happy to help.

From what I have experienced, a majority of first-time home buyers are STILL being told they need 20% down to buy a home.... you DON'T! In the example below, 3% versus 20% down is a difference of $71,400! Yep, that's right, if you listen to your "friends" you would need an EXTRA $71,400 which in most cases would take a very long time. Or how about $12,600...that is MUCH more feasible.

When you have questions about buying a home, please consult with an industry expert to properly guide you with what is actually feasible. This is what we do day in and day out, no guessing, just the facts and a true path to homeownership.

If you, a family member, or colleague are thinking about buying a home, please let me know and I can assist with a free Home Buying Consultation.

Reason #324 of why Montana is a hard place to live, it's August 29th and it is already snowing in the higher levels.