Sumeeth Theruvath NMLS #228019

Call us crazy, but now IS the time to buy! 🤩⁣

Even though rates are high, it might actually give you an advantage to secure that dream home NOW. Waiting to see if rates drop can put you at risk of having to compete for that home, which could cause you to end up spending more in the long run. 😭⁣

So don’t get caught up in the heat of competition, and snag that home now! 🔥🏠

5.0 star review received on Experience.com for Sumeeth Theruvath by Eric I - As you know, this process took much longer than it should have. You stuck with us and gave us the best advice throughout the process. All team members were very exceptional!!!!

New ★★★★★ 5 Star Experience.com Review by Eric I Click to see all 105 reviews of Sumeeth Theruvath - Movement Mortgage, Branch Leader

With another possible rate hike in November, some industry leaders are seeing this as an opportunity for homebuyers right now. Find out why economic data is indicating that “waiting out the market” may actually cost more over time.

Read more in our market update ➡️ https://movement.com/blog/2023/09/Economic-data-reveals-competitive-edge-for-homebuy

This one’s for the kids. 🖍 When you’re house hunting, make sure you pay attention to the school districts too. Don’t be afraid to go check out the school, talk to the teachers, and even ask what activities they offer to see if it’s the right place for your kiddos to thrive. 🤓⁣

4.62 star review received on Experience.com for Sumeeth Theruvath by Jaclyn E - Very quick, relatively easy process.

New ★★★★★ 4.62 Star Experience.com Review by Jaclyn E Click to see all 104 reviews of Sumeeth Theruvath - Movement Mortgage, Branch Leader

5.0 star review received on Experience.com for Sumeeth Theruvath by Alberto J - The whole process was a great experiencez thank you all.

New ★★★★★ 5 Star Experience.com Review by Alberto J Click to see all 103 reviews of Sumeeth Theruvath - Movement Mortgage, Branch Leader

The American economy seems to be stabilizing and economists believe we won’t see another rate hike this month. However, it will be important to keep your eye on foreign economic markets as they may cause ripple effects here at home. Find out what you need to know in this week’s Market Update.

https://movement.com/blog/2023/09/A-rate-hike-is-unlikely-in-September

Happy Labor Day AND last day of the Hot Dog Season! Believe it or not, Hot Dog Season is a thing, and runs from Memorial Day to Labor Day. Thanks to cookouts, ball games and other outdoor activities, Americans consume 7 billion hot dogs during Hot Dog Season. (That’s 818 hot dogs per second.) Whether you’re enjoying your own version of a hot dog, sticking to the potato salad or still wondering why they sell 10 hot dogs per pack but only 8 buns, I hope you have a relaxing Labor Day weekend!

What will it take for the Fed to pause on another rate hike? Jerome Powell and the rest of the Federal Reserve will study the August jobs report as they determine the best way to proceed. Learn more about what's happening in the latest Market Update.

https://movement.com/blog/2023/09/Latest-jobs-report-will-factor-into-fed%E2%80%99s-Septembe

When you’re carrying around credit card debt, a personal loan and/or an auto loan, it can feel like no matter how hard you try to get ahead somehow…you’re just running in place. That’s because the higher your interest rate, the less your monthly payments go toward the amount you actually owe.

One way you can tackle high-interest debt is through debt consolidation with a cash-out refinance. With a cash-out refinance, you’d tap into your home’s equity by refinancing and cashing in on the increased value of your home (which could be a lot higher than you think).

You could then use that cash to pay off credit cards, a personal loan and/or an auto loan at a lower interest rate. Even though mortgage rates are higher than they’ve been in the past, depending on how much debt you have, a cash-out refi could lower your total payments.

Reach out today to chat about turning your home’s equity into cash!

A stronger than expected economy may cause the Fed to raise rates next month.

Get the details about this week’s economic data and Jerome Powell’s comments in our Market Update.

https://blog.movement.com/2023/08/25/fed-believes-economy-hasnt-cooled-expected/

5.0 star review received on Experience.com for Sumeeth Theruvath by Darlene J - Everyone was so helpful in my process, and answered all my questions and concerns.

New ★★★★★ 5 Star Experience.com Review by Darlene J Click to see all 101 reviews of Sumeeth Theruvath - Movement Mortgage, Branch Leader

4.87 star review received on Experience.com for Sumeeth Theruvath by Stefanie S - Very knowledgeable team and
Great communication

New ★★★★★ 4.87 Star Experience.com Review by Stefanie S Click to see all 100 reviews of Sumeeth Theruvath, Branch Leader

5.0 star review received on Experience.com for Sumeeth Theruvath by Andrea W - The process was smooth and easy.

New ★★★★★ 5 Star Experience.com Review by Andrea W Click to see all 99 reviews of Sumeeth Theruvath, Branch Leader

The “PERFECT” home doesn’t really exist. We know you’re looking for your dream home, but don’t let little things stop you from buying. Remember, you can always change that carpet or paint those walls, especially if it gets you a great location or a home with good bones! ⁣

Everyone’s eyes are on the Fed and the Fed’s eyes are on the data. Strong economic reports this week may give the Federal Reserve reason to react as they continue the fight against inflation. What economic factors should you be watching? Find out in this week’s Market Update.

https://blog.movement.com/2023/08/18/americans-continue-spending-despite-rising-costs/

5.0 star review received on Experience.com for Sumeeth Theruvath by Moeed P - very proactive team, reached out as and when needed and promptly answered questions when texted or emailed at any time. Great turn around and worked very closely with us. Fantastic team!

New ★★★★★ 5 Star Experience.com Review by Moeed P Click to see all 98 reviews of Sumeeth Theruvath, Branch Leader

Set yourself up for delight, NOT disappointment! Before looking at homes, you’ll want to get pre-approved, which will help you determine your budget. This will guide your home search to the right place for you, and save you from getting your heart set on a place that might be a bit out of your price range.

Recent data suggests that inflation is still cooling. This may be enough to convince the Federal Reserve that another rate hike in September is not necessary. Is a “soft landing” for the economy within reach? Find out more in our Market Update.

https://blog.movement.com/2023/08/11/cpi-report-indicates-possible-pause-rate-hikes/

5.0 star review received on Experience.com for Sumeeth Theruvath by Undrakh E - Sumeeth and his team was very helpful and highly professional throughout the closing process. I will definitely recommend his team to my friends and relatives who are looking to buy in greater DC area.
Thank you Movement Mortgage for enabling us to live the house of our dream!

New ★★★★★ 5 Star Experience.com Review by Undrakh E Click to see all 97 reviews of Sumeeth Theruvath, Branch Leader

Imagine being able to own your home sooner! 💭 Making one extra mortgage payment a year shortens the life of your loan, turning that dream into a reality. Just think of what you could do with that extra money…paying college tuition, taking an extra vacation or even buying yourself all the ice cream you can eat! 🍦 The possibilities are endless.

The latest economic data indicates that the economy is strong, but inflation remains an issue for the Fed. If inflation remains higher than the 2% target, could that lead to another rate hike in the future? Find out what data to keep your eye on next in our latest Market Update.

https://blog.movement.com/2023/08/04/economic-data-strong-inflation-remains-stubborn/

5.0 star review received on Experience.com for Sumeeth Theruvath by Staci W - Sumeeth was fantastic. This was our first home buying experience and he was so available, patient, and knowledgable with my husband and me. I would call and text his cell and even if he wasn't immediately available he would text me when he was done. He even chatted with me on holidays and weekends. He was always honest and up front and would always provide pro's and con's of options he presented. He truly made this home buying process a pleasant one and I look forward to any future refinancing and/or future home purchasing with Sumeeth and Movement Mortgage and Sumeeth is the main driver behind that decision!

Thank you for everything!

Staci + Adam Elkhatib

New ★★★★★ 5 Star Experience.com Review by Staci W Click to see all 96 reviews of Sumeeth Theruvath, Branch Leader

Don’t let debt stand in your way! 🚫 You don’t have to pay it all off to apply for a mortgage. Instead, lenders will consider your debt-to-income ratio in order to figure out what’s best for you. Reach out to a loan officer to see what’s possible to keep you moving forward! 🏃

As expected, the Fed raised the federal funds rate by .25% this week. Find out what factors led to their decision and what they have their eye on next.

https://blog.movement.com/2023/07/28/fed-rate-reaches-22-year-high/

These are NOT different names for the same thing. 🚫 With pre-qualification, you provide some info and a lender gives you an idea of how much they MIGHT be willing to lend you. With pre-approval, a lender digs into your credit score, income and other financials to definitively tell you whether or not they’ll give you a mortgage, and for how much. Pre-approval takes longer, but it’s worth it: You’ll get an accurate picture of how much you can afford.

Homebuyers found a bit of relief over the past week as mortgage rates dropped sharply. Will that trend continue? The Fed’s approach could affect mortgage rates for the rest of the year. Find out what you need to know in our latest Market Update.

https://blog.movement.com/2023/07/21/will-rates-continue-drop/

5.0 star review received on Experience.com for Sumeeth Theruvath by Jacob H - Great, knowledgeable, professional that cares about the customer. Highly recommended

New ★★★★★ 5 Star Experience.com Review by Jacob H Click to see all 95 reviews of Sumeeth Theruvath, Branch Leader

5.0 star review received on Experience.com for Sumeeth Theruvath by Daniel S - Best in the Biz! Thanks again!

New ★★★★★ 5 Star Experience.com Review by Daniel S Click to see all 94 reviews of Sumeeth Theruvath, Branch Leader

You’re killing it as your own boss, but you want to stop renting! If you’ve been turned down by other lenders for a traditional mortgage because of factors like self-employment, you’re not alone. Ask your loan officer about a non-qualified mortgage that may just have the flexibility you need to stay in charge 🥳.

5.0 star review received on Experience.com for Sumeeth Theruvath by Suzi H - I highly recommend Sumeeth and the Movement Mortgage team. They truly are the best in the business. From the moment I reached out to them, they were exceptionally knowledgeable and thorough in providing me with various options. They took the time to explain the entire mortgage process to me and were always accessible whenever I had questions or needed assistance. Their expertise and dedication made the entire experience smooth and stress-free. I am extremely grateful for their exceptional service and would not hesitate to work with them again in the future.

New ★★★★★ 5 Star Experience.com Review by Suzi H Click to see all 93 reviews of Sumeeth Theruvath, Branch Leader

Key data suggests inflation has slowed significantly. Could this be good news for those watching mortgage rates? Discover the impact of economic data, Fed rate hikes, and inflation targets in our latest Market Update! 🏦🔍
https://blog.movement.com/.../weakening-inflation-data.../

5.0 star review received on Experience.com for Sumeeth Theruvath by Precious L - Sumeeth goes above and beyond, he is very knowledgeable and patient working with us every step of this process, we couldn’t have asked for a more professional and detailed response from him and his team.. Thank you Summerh

New ★★★★★ 5 Star Experience.com Review by Precious L Click to see all 92 reviews of Sumeeth Theruvath, Branch Leader

Pobody’s nerfect! 🤭 Even if you have a less-than-perfect credit score, there are still ways you can finance a new home. Options like FHA, VA and USDA loans come with lower credit score requirements for qualifying homebuyers than conventional loans. Reach out to a loan officer today to see what’s possible for you!

What caused the most recent mortgage rate increase? Are more on the way? Find out what’s on the horizon in this week’s Market Update: https://blog.movement.com/2023/07/07/rate-hikes-look-likely-latest-economic-data/

5.0 star review received on Experience.com for Sumeeth Theruvath by Jarrett C - Working with Sumeeth was easy and refreshing. He was always transparent and consistently ensured we had what we needed prior to closing answering any questions promptly along the way.

New ★★★★★ 5 Star Experience.com Review by Jarrett C Click to see all 91 reviews of Sumeeth Theruvath, Branch Leader

5.0 star review received on Experience.com for Sumeeth Theruvath by Catalina T - Great communication, knowledgeable and great customer service.

New ★★★★★ 5 Star Experience.com Review by Catalina T Click to see all 90 reviews of Sumeeth Theruvath, Branch Leader

Backyard barbecues 🥩 pool parties 🏊 napping in your favorite eagle shirt 🦅 – however you celebrate this Independence Day, we hope you enjoy some time at HOME, where the true spirit of freedom lives. 🇺🇲

Secrets secrets are no fun, especially when buying a home 🤫. When you skip out on home inspections, you’re putting full trust in the seller to disclose any issues with the home, which could leave YOU responsible for those undisclosed problems. Avoid taking this big risk and make sure the information is shared with everyone.