Townstone Financial

Fed increases its target rate yet again! Barry and Zach discuss how something feels "wrong" with the economy. With the future of mortgage rates and real estate being impossible to predict, the only risk is sitting on the sidelines! Set up a FREE mortgage consultation at https://townstone.com/consultation-request/

Inflation and the end of the middle class in America. Food, shelter, and energy prices are three of the “stickiest” since they are not optional expenses for the vast majority of people. We continue to watch these prices increase, the affordability index for homes at the worst level since before 1990, and almost every economic indicator pointing towards a recession in the near-future (or being in one already!), what can you do to best protect you and your family in the months and years to come? Zach and Barry discuss their thoughts on this exciting episode of the Townstone Financial Show. Townstone has been your #1 mortgage company since 2002! Remember to fill out a FREE consultation for your next home purchase, refinance, home equity line, or home equity loan at https://townstone.com/consultation-request/ Don’t settle for less than Townstone!

Zach HATES to admit it, but BARRY WAS RIGHT! Mortgage rates continue their upward march and 8% doesn’t seem so unrealistic anymore. So what can homeowners do to minimize the pain? Refinancing generally doesn’t make sense for homeowners if their existing rate is below the current market. But a new home equity line or loan could be the answer if you’re looking to consolidate other debt and/or lower your overall monthly payments. Purchase, refinance, home equity line, home equity loan, self-employed bank statements, rental income investment property cash-flow purchase…. We’ve got it all! Fill out a free consultation today: https://townstone.com/consultation-request/

The HIGHEST mortgage rates in 20 years?!?! Barry and Zach discuss if these increases are stopping any time soon (hint: nobody knows!) What we do know is that it's still a great time to purchase a home and stop handing your money over to your landlord! Credit card debt is increasing to pre-pandemic levels and those 18% or higher rates are not good for anyone! Get a free consultation TODAY with Townstone Financial to discuss your specific scenario and we will figure out the best way to help you during these uncertain times. https://townstone.com/consultation-request/

Rail Strike is Averted! That could’ve been rough… In other news, how does one apply to be King? Decree #1: instruct the Fed to continue buying mortgage-backed-securities because inflation doesn’t seem to be tamed yet there seems to be pain in the housing market. Zach thinks this talk of a “soft landing” is bologna and it’s looking more like a hard landing or simply a crash which can hardly be considered a “landing” at all… Fortunately, homeowner’s still have time to tap the equity in their homes with one of the home equity lines or loans Townstone can help you with. Unfortunately, renters might continue to feel the pain as costs for landlords increases and they pass those costs on. If you’re looking to change your trajectory and go from a renter to an owner, make sure to fill out a free consultation at https://townstone.com/consultation-request/ today!

Rates might be increasing, but people are sitting on record-levels of equity in their homes. A home equity line or loan can help you access that equity without impacting the rate of your primary mortgage. Purchase activity is slowing down, but does that mean a price-drop is in the cards for the real estate market? Right now, doesn't seem like it's happening due to supply constraints. Remember to visit http://townstone.com for a FREE CONSULTATION!

The BEST time to buy a home? Mortgage interest rates, housing inventory, builder expectations, and what you should be doing! Now offering home equity loans and lines of credit! Free consultation with a mortgage expert for your next refinance or purchase by visiting www.townstone.com Have a great rest of your week!

The market giveth and the market taketh away... 2022 has not been pretty for mortgage rates as the average 30 year fixed shot past 5% borrowers have (understandably) been hesitant to refinance their lower-rate existing mortgages, but as the global economy slows, will 3% rates be here again sooner rather than later? Even if you already have a great rate on your mortgage, you've likely gained significant equity in your home these last few years and it's an excellent time to consider a home equity line of credit or a home equity loan in order to consolidate debt or to simply increase your liquidity. Finally, believe it or not, inventory is still tight out there! Make sure you're working with the BEST on your next home purchase by filling out a free consultation at www.townstone.com That goes for ALL purchases, refinances, scenarios, questions, even recipes (if you have good ones). FREE CONSULTATIONS at our website www.townstone.com

After 3 months of rising mortgage rates, might there be an end in sight? Barry sees some possible support levels in the bond market that might indicate mortgage rates have found their new "normal". Bank Statement loans are still available for self-employed borrowers! Why this could be your path for qualifying. Debt-Consolidation: should you do a cash-out refinance, home equity line, home equity loan fixed 2nd? Remember, visit www.townstone.com for a FREE consultation and speak to a mortgage expert today!

The Fed Speak! Today, the Federal Reserve approved its first interest rate increase in more than three years! Kermit the Frog once said, "it ain't easy being green" and his sage wisdom can be applied to the Fed: they have a tough job. A REALLY tough job. How do you address spiraling inflation without torpedoing economic growth? Buckle-up folks because there are no easy answers. But do you know what is easy? Getting a mortgage through Townstone. Just head to www.townstone.com and fill out a request for a FREE consultation. A fixed rate mortgage and payment is one of the BEST ways to eliminate a source of uncertainty when everything else today seem so uncertain. Let Townstone help you on your next purchase, refinance, home equity line, or home equity loan TODAY! Have a great rest of your week.

https://www.youtube.com/watch?v=XQPktDPNIEE It's been a bit of a wild ride for mortgages this past week with rates rising-falling-rising again. Zach has no answers but asks Barry for his insight. A Reuters poll property analysts recently indicated home prices would rise 10% this year (compared to 17% in 2021). While buyers are hoping for a "dip", they might be waiting for a while. We are hearing first-hand reports from our purchase clients that inventory is still tight and houses that do come to market are going under contract quickly! Remember, Townstone offers FREE consultations on purchases, refinances, home-equity lines and home-equity-loans! Just visit www.Townstone.com for your next home loan and speak with a mortgage expert TODAY!

Townstone Financial's "State of the mortgage and real estate market" (recorded LIVE 2/24/22) Barry and Zach discussing recent developments in the mortgage and real estate markets. BUY vs. Rent. Inflation. Higher interest rates. Higher home prices. Ukraine. FREE CONSTULTATIONS AVAILABLE AT WWW.TOWNSTONE.COM Let us help you with your next purchase, refinance, or home equity loan/line! https://youtu.be/306fx1LMKnQ

Townstone Financial Inc. Team Site - Documents\Podcast and radio Mortgage Rates Continue to Test All-Time Lows! Great news for current homeowner's looking to refinance to save money or get cash out. Also great for upcoming home purchasers who are already applying in higher numbers than even before COVID. CNBC reported Tuesday that about 30% of Americans missed their housing payment this June. Barry has some serious concerns about the survey they used, but what does that mean for you and the larger real estate market? Remember, Townstone.com is the ONLY place you can fill out our FREE consultation request for your next home purchase or refinance. Stay safe and have a great rest of your week!

Mortgage rates hold steady with a refinance boom continuing and purchase activity ramping up quickly! We’ve all heard of the 30-year mortgage, but have you heard about a 29-year mortgage? Lower rate than a 30-year, no higher on the monthly payment. This previously unheard-of great deal is currently set to expire June 30th, so make sure you head to Townstone.com to fill out a free consultation to see how much money this can save you. Finally, some clarity on your ability to refinance while in forbearance: On any loan currently in forbearance where you are making payments on time, the loan can proceed. You're good to go. For any loan currently in forbearance where you are not making payments: The loan must be brought current in order to close. On conventional loans: If you have entered a workout plan (post forbearance), we have to show underwriting three consecutive payments on the new plan. On FHA or VA loans: if you’ve entered a workout plan (post forbearance), all payments on the plan must be complete. Ei

Mortgage rates hold steady with a refinance boom continuing and purchase activity ramping up quickly! We’ve all heard of the 30-year mortgage, but have you heard about a 29-year mortgage? Lower rate than a 30-year, no higher on the monthly payment. This previously unheard-of great deal is currently set to expire June 30th, so make sure you head to Townstone.com to fill out a free consultation to see how much money this can save you. Finally, some clarity on your ability to refinance while in forbearance: On any loan currently in forbearance where you are making payments on time, the loan can proceed. You're good to go. For any loan currently in forbearance where you are not making payments: The loan must be brought current in order to close. On conventional loans: If you have entered a workout plan (post forbearance), we have to show underwriting three consecutive payments on the new plan. On FHA or VA loans: if you’ve entered a workout plan (post forbearance), all payments on the plan must be complete. Ei

As we shuffle back to something resembling “normal” after staying home the past few months, it’s time for your mortgage check-up! Rates are at/near all-time lows, so chances are that you could save money by refinancing your current loan. As our current clients can attest, working with Townstone is most-painless mortgage process in the industry. Fill out a free consultation at Townstone.com and it’ll take 2 minutes on the phone to determine how much we can save you with a new loan. Purchases are BACK after a small drop-off in late march/early April. In such uncertain times as these, do you want your landlord controlling next year’s rent? Become a homeowner and lock-in a fixed mortgage payment that will NEVER change until you pay off the loan in full, future you will be happy you did. SPECIAL PRODUCT ALERT: We’ve all heard about the 30 year mortgage, but what about a 29 year loan? Good on rate-locks now through 6/30: get a 29 year amortizing mortgage with the SAME payment as a 30 year! Head to Townstone.com

States are beginning to open up again, but is "work from home" here to stay? COVID or NOVID, spring purchase market is in full swing! We are seeing no let up in the amount of borrowers looking to prequalify themselves for a new purchase. Add yourself to the list by filling out a free consultations at Townstone.com And of course, refinancing should be on your mind since we are near all-time low rates and it's always a good time to save!

Are interest rates really that low, can you still take cash out of your home to pay bills? What if I lost my job or got laid off can I still get a mortgage?

Can you stop paying your mortgage and for how long?

Let's take a step back and analyze the chain of events: 1. Coronavirus scares the market 2. Stocks and Mortgage Rates down 3. Market forgets about coronavirus 4. "Buy the dip"? It's probably a bit more complicated than that, but it's pretty confusing from where we're sitting. The good thing, mortgage rates are still LOW! Make sure you're not overpaying on your mortgage by filling out a FREE consultation at Townstone.com And we can't forget about you purchasers out there! There might be a weather advisory warning today, but spring is around the corner and it's time to get prequalified. Where, you ask? Townstone.com of course! Have a great rest of your week. Stay Warm!