05 Aug 2025
By Mark Feder

Why Getting Pre-Approved Feels So Intimidating, and Why It Shouldn’t

Mortgage Tips
For many people, the idea of getting pre-approved for a mortgage feels overwhelming. You are asked to hand over personal financial information, trust a stranger with your credit report, and answer questions you may not feel ready to face. It is no wonder some buyers delay this step, even when they are serious about purchasing a home. But here is the truth, getting pre-approved is not something to fear. It is one of the most empowering steps you can take as a buyer. The Emotional Roadblock Let us start by acknowledging the emotions involved. The pre-approval process can feel personal,…
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04 Aug 2025
By Mark Feder

What’s Ahead For Mortgage Rates This Week – August 4th, 2025

Financial Reports
There were several notable releases this last week, with the largest being the PCE Index — the Federal Reserve’s preferred inflation indicator. The PCE Index may be the more accurate indicator going forward, as data collection for the Consumer Price Index has been recently cut, thereby reducing its reliability. As expected, the inflation numbers have been steadily rising with the PCE Index, indicating that impacts from the tariffs are now filtering into prices for both producers and consumers. As a follow up, Personal Income & Spending has had a light upturn after the initial panic with the tariffs. Lastly, the…
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01 Aug 2025
By Mark Feder

The Risks of Using a Mortgage for House Flipping

Home Financing Tips
House flipping, the practice of buying a property, renovating it, and quickly selling it for a profit, can be an exciting and potentially lucrative investment strategy. However, financing a flip with a traditional mortgage carries significant risks that investors should carefully consider before proceeding. Higher Interest Rates and FeesTraditional mortgages typically offer lower interest rates for long-term homeownership, but they are not designed for short-term investments like flipping. Many lenders may charge higher rates or fees on loans for investment properties. This can increase your carrying costs, reducing your profit margin. Longer Approval and Closing TimesMortgage approval processes for primary…
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31 Jul 2025
By Mark Feder

Should You Get a Mortgage If You Plan to Move Soon?

Mortgage
Deciding to buy a home when you know you might move within a few years can be a challenging choice. Many people wonder if it makes financial sense to take on a mortgage if they will not live in the property long term. The answer depends on several factors, including your personal goals, market conditions, and your financial situation. Consider Your Time HorizonMortgage loans often come with upfront costs such as closing fees, appraisal costs, and sometimes private mortgage insurance. If you plan to move within a year or two, these costs can outweigh the benefits of homeownership. However, if…
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