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Compared to two weeks ago, the 30-year fixed rate mortgage is 9 basis points lower while the 15-year mortgage is 4 basis points lower. *Disclaimer: Based on rates from Tuesday, May 17, 2022 1:30 PM. Not based on APR. Based on top-tier scenarios. NMLS ID: 1635517

Lucky enough to get some help with your down payment from a family member or friend? Then, all you'll need to prove that to your lender is a gift letter from the donor stating that the money is a genuine donation and does not need to be paid back.

An adjustable-rate mortgage (ARM) is the opposite of a fixed-rate mortgage. After an initial low fixed rate, the interest rate will be periodically adjusted based on an index. There are no guarantees whether the new rate(s) will be lower or higher than what the borrower is currently paying.

Rates haven't been this high since 2009. *Disclaimer: Based on rates from Tuesday, May 3, 2022 1:30 PM. Not based on APR. Based on top-tier scenarios. NMLS ID: 1635517

Fair Market Value (FMV) is the price that a house will sell for in an open market. It assumes that all parties (buyer and seller) have reasonable knowledge of all relevant facts.

Agent: Penny for your thoughts? Client: Sure. Why not? I’ll take every cent I can get if I’m gonna afford this down payment

If you think you're the only one that does this, you're wrong. It's a bigger issue than you think

$152,217 That's how much it would cost to buy 189 of the latest iPhones, invest in 1,552 Treasury bonds, or feed 526 families in the U.S.

Reminder that all these offers are for the EXACT SAME borrower.

And do you really want to gamble on being the 1.5% of Coloradans who actually DO get the best offer on the first try?

In case it's not clear, Trump is the orange one and Biden is the gray one.

Client: I want a house with really tropical vibes. Realtor: Does a kitchen island count?

But seriously, don't hand out raisins. That's a surefire way to get your house TP-ed (and we've heard appraisers don't like that)

Maybe she's only saying that though, because she's so good at her job that she could literally do it in her sleep. We wish we had our Operations Coordinator's skills.

If there's two things we know about George Washington, it's that he cannot tell a lie and he believes in shopping around for a mortgage. That's probably how he got such a good deal on Martha's Vineyard.

Client: Is it always this empty? Realtor: *looks confused . . . well it won’t be empty if you choose to live here. Right? Client: Riiiiiight.

And don't even get me started on how soon radio stations start playing Christmas music. Rant aside, the winter months are a great time to house hunt as there are usually fewer people and therefore much less competition for houses!

Realtor: This room here would be perfect for any family interventions you may want to have. #whyweshoponline (as in, your realtor won't judge you so harshly if you just shopped online, which is also where the industry is headed now)

So, sorta like getting express shipping on your mortgage. For free.

In the words of our bold leaders, Greg and Garrick (the hosts of the Just Our Tip podcast), it's not about the size . . . it's how you use it

Advice from John, our headstrong Mortgage Consultant When you're as headstrong as John is, maybe you don't need a helmet at all

I haven't heard such profane language since the FHFA announced the new adverse market fee.

You know what's even scarier than ghosts? Getting a bad deal on your mortgage.