The Fisher Mortgage Group

Cut your interest in HALF but using equity in your home using a HELOC to reduce your interest payments.

On average, the rate for a HELOC is less than half of your average credit card.

By taking that savings and applying it towards your principal you can pay off your debt in less than half the time!

And you can get approved for a HELOC in less than 5 minutes and have funds in your account in as little as 7 Days!

Want to get DEBT FREE this year? Send me a DM for more information

🚨Attention Business Owners🚨

If your business brings in $40,000 or more in monthly gross income, it’s possible for you to qualify for a $1,000,000 home purchase 🏡

👉 That’s with just using your last 12 months of business or personal bank statements
👉 No Tax Returns Needed ❌
👉 20% Down is Required
👉 You must have a 660+ Credit Score

Link in Bio to schedule a 15-minute call if you want to learn more.

First you will need to figure out how much you have available to use for your down payment, closing costs and reserves if required

They you will decide if a full document Conventional or FHA with a lower down payment makes or a no-tax return loan with 20% down makes makes more sense

It’s important to plan this out before you finalize your tax returns. Speaking with a mortgage professional who can provide you with the proper guidance is key to making the best decision.

Should You Pay Off Your Mortgage?

We discuss the important factors to consider before deciding to pay off your mortgage early, including the source of the funds, your stage of life, and the impact on your liquidity and future opportunities.

Why did mortgage rates move higher if the fed just cut rates?

Because the Fed doesn’t control mortgage rates they control the short term fed rate which has a direct impact on car loans, credit cards and HELOC’s, not mortgage rates.

The bond market which is what moves mortgages rates is forward thinking. Current mortgage rates already has the next fed move priced into the market since it can predict the odds of their next move.

Mortgage rates move based on what will happen in the future. And based on the Fed commentary by Jerome Powell, they are now expecting only 2 fed cuts in 2025 instead of the 4 that were originally anticipated.

How Politicians are Making it Harder to Buy a Home 🏡

Offering incentives to buyers will only create more competition and will making finding a home more difficult and home prices more unaffordable

Instead, they should give incentives to create more inventory by increasing the capital gains tax exclusion limits. This will entice more home sellers to sell, creating more opportunity for home buyers.

With more homes available you will see more sellers open to the idea of reducing prices and providing sellers concessions and credits

Imagine you are at the market and you are the only person selling tomatoes 🍅 The price you can change for your tomatoes will be high since you don’t have any competition. But let’s say two more vendors arrive and are also selling tomatoes. Now you lost you leverage and you will have to reduce your price and provide more incentives for people to buy your tomatoes. This is the same with the housing market. More homes for sale gives you more leverage and opportunity as a buyer.