Brandon Goudey

Real Estate Agent -


Date: 24 Mar 2015

posted by: Brandon Goudey in Home Buying & Selling&Mortgage&Today's Mortgage Rates & Updates

Americans are cautiously optimistic on the real estate and housing market in 2015.

The aspiration to be a homeowner has never been greater, with rising rent costs, there are millions of existing renters that want to take advantage of the low interest rate mortgage market and purchase their own home.

The reality is that credit conditions and income scenarios are improving, and while the current market for mortgages may be tighter than prospective homebuyers would prefer, the standards for lending remaining relatively high is a re-assuring indicator of market stability.

Comparing mortgage lending and credit data from the financial crisis in 2008, not-so easy credit access is actually strong sign for the future of the real estate market.

When can you expect interest rates for mortgage loans to rise?

If you’re an existing homeowner:

Don’t Wait – Take Advantage of this Refinance Opportunity

As household incomes begin to stabilize and grow, demand for becoming a homeowner will increase the demand for home mortgages and potentially shift the interest rate curve upwards.

Investors that are concerned about the overall strength and stability of prices in the real estate markets welcome increased demand from new home buyers, since a potential increase in mortgage loan rates may sober up the housing market.

Today’s 30-year conventional mortgage loan rates average around 3.6% for well qualified borrowers – how long will mortgage rates remain this low?

Let Mortgage Lenders Compete for Your Interest Rate: Compare Multiple Mortgage Quotes for Free


Date: 11 Mar 2015

posted by: Brandon Goudey in Home Buying & Selling&Mortgage

Have you considered today’s rates a refinance opportunity for homeowners?

Today’s real estate market provides an excellent mortgage interest rate refinance opportunity for smart homeowners, but many U.S. consumers believe the opportunity to refinance at historically low borrowing rates is nearing an end.

If you’re planning to buy a new home and borrow on a mortgage, a lower interest rate means a lower cost of borrowing and an increased purchasing power on the home.

Let Lenders Compete for Your Interest Rate: Compare Multiple Mortgage Quotes for Free

In a borrowing market with rising interest rates, the refinance opportunity window gets smaller and smaller as the savings from refinancing to a lower rate mortgage may not be much more than the cost of closing the new mortgage loan.

The data shows that an increasing number of  smart homeowners are taking advantage of the refinance opportunity that today’s market offers as refinancing volumes rise.

When borrowing rates for mortgage loans are low, it’s easier for potential homebuyers to get approved, purchase their home, and begin to build home equity.

Recent consumer surveys across America conducted by the government sponsored mortgage agencies Freddie Mac and Fannie Mae point to a significant proportion of U.S. consumers that believe home mortgage interest rates have reached a trough and that interest rates for borrowing may soon trace back to historical multi decade averages above 8%.

Current mortgage interest rates average at around 3.8% for a 30-year fixed rate conventional home loan and borrowers with excellent credit history and strong down payments can potentially find lower rates than the average interest rate, this is a strong refinance opportunity and support for responsible homeowners.

Depending on your current interest rate on your existing home mortgage loan, refinancing to a lower interest rate can effectively save you cash every month on mortgage interest payments.

Are you ready to check interest rates and jump on today’s refinance opportunity for smart homeowners?

Don’t Wait – Take Advantage of this Refinance Opportunity: Check Your Mortgage Refinance Rates






Date: 09 Mar 2015

posted by: Brandon Goudey in Home Buying & Selling&Mortgage&Mortgage Basics&Mortgage FAQ's&Today's Mortgage Rates & Updates

Top Mortgage Refinancing Questions Answered

Today’s Interest Rates Benefit Smart Homeowners

Are you a smart homeowner considering taking advantage of today’s low rates by refinancing to a 30-year conventional mortgage loan?

Depending on your current interest rate on your existing home mortgage loan, refinancing to a lower interest rate can effectively save you cash every month on mortgage interest payments.

Refinancing to a 30-year conventional mortgage loan allows existing homeowners to take advantage of lower mortgage interest rates in today’s market by getting a new loan from their lender.

Assume refinancing to a one percentage point reduction in your mortgage rate on the new lower rate loan, then taking that extra cash savings and putting that money towards each mortgage payment, accelerating the pace of paying down your mortgage loan significantly.

Refinancing a home mortgage to a new lower rate mortgage unlocks cash savings that a homeowner can use to build home equity faster.

Costs of a Mortgage Refinance

Still not sure about whether or not refinancing your mortgage will save you cash?

Let Lenders Compete for Your Interest Rate: Compare Multiple Mortgage Quotes for Free

A considerable part of the fees associated with the mortgage refinancing process are included in the “closing costs” of your new refinanced mortgage loan.  Typical closings costs range between 2% and 5% on the principal refinanced loan balance.

When you buy a home with a mortgage loan or refinance to a new mortgage loan, the lender will charge a closing cost fee.  Beware of lenders that advertise or promise “zero-cost” or “no-fee” mortgage closing, as the costs are usually hidden behind higher interest rates and other charges over the life of the mortgage loan.

If you plan on moving to a new home and selling your existing property, the fees associated with the closing of a refinanced mortgage loan should be taken into consideration.  It takes time for a borrower to accumulate savings from a lower mortgage interest rate, and moving houses too soon could cut that savings significantly.

Getting Approved

Smart homeowners that research before they apply for a new home mortgage loan approval or apply to refinance their existing mortgage to a new lower rate loan know they need to show proof to their lender that they can pay a loan back.

A borrower is more likely to get mortgage loan approval at the most favorable market interest rate available if they demonstrate that they promptly pay all outstanding debts like medical, auto, or credit card debt, have no bankruptcy history. and a history of stable employment income.

Smart Homeowners Research Rate Offers From Multiple Mortgage Lenders

Date: 09 Mar 2015

posted by: Brandon Goudey in Home Buying & Selling&Mortgage&Mortgage Basics&Today's Mortgage Rates & Updates

Bi-Weekly Mortgage Payments Save Cash






Simple Tips for Smart Homeowners:

Save Money with Bi-Weekly Mortgage Payments

Mortgage Interest Rates are at historic lows and homeowners that take advantage of today’s low rates by refinancing to a 30-year conventional mortgage loan may save thousands of dollars a year in interest payments alone compared to the same loan amount just one year ago.

Smart Homeowners can take additional advantage of low rates and increase the affordability of their home mortgage loan by paying off the loan debt bi-weekly over time.

Before Choosing a Lender – Check Your Refinancing Options – Compare Multiple Rate Quotes for Free

Always make sure to ask details about your lender’s mortgage contract and if any penalties for overpayment or bi-weekly payments exist.

The Standard Monthly Mortgage Payment Program

A traditional mortgage payment program is broken down into 12 months per year, which equals 12 payments per year.  Assuming that a homeowners is borrowing on a 30-year mortgage loan, there are 360 payments until the loan is fully paid off.

Each of these mortgage payments will consist of a part of the amount going towards the principal mortgage balance and a part of the payment amount for the interest in that period.  The interest payments you make over the life of a loan can cost you thousands in borrowing costs, which is how the bank makes profit.

Let Lenders Compete for Your Interest Rate: Compare Multiple Mortgage Quotes for Free

Benefits of Bi-Weekly Mortgage Payments

Simply put, a bi-weekly mortgage payment program will require one mortgage payment every two weeks, which will equal 13 individual mortgage payments per year.

Traditional mortgages allow for 12 payments per year on a mortgage loan, and each payment will consist of a portion going to interest and a portion to the principal.

Since the annual payments required by your lender are preset, the 13th payment will reduce the principal balance of your mortgage faster, saving you cash on future interest payments and potentially paying off your mortgage loan debt sooner.

Remember that a bi-weekly program is a lender contract, and it is important to inquire about any additional fees to participate in a Bi-Weekly payment program with your mortgage lender.

Pay Off Mortgage Loans Faster

If your mortgage bank does carry additional fees to participate in a Bi-Weekly payment program, here’s a work around:

Another straightforward way for a smart homeowner to payoff a mortgage loan faster is to calculate an amount to overpay on each monthly mortgage. Since the traditional mortgage payment program requires 12 payment annually, calculate 1/12th of your regular mortgage payment amount and add that amount to each mortgage payment to effectively pay 13 payments in that year.

Check your mortgage interest refinancing rates and calculate your savings!

For example, if each mortgage payment on your loan is $2,400, add $200 to each monthly payment.  The additional amount in monthly payments should total to the amount of one traditional payment.  By paying off your loan with this strategy, a 30-year mortgage loan can potentially be paid off in 26 years, savings smart homeowners cash.


Date: 04 Mar 2015

posted by: Brandon Goudey in Home Buying & Selling&Mortgage&Mortgage Basics

Responsible homeowners use these strategies to get mortgage loan approval on their dream home:

This year is gearing up to be a strong market for real estate buying and selling.

National economic data points to some key housing trends – increased confidence in consumers, low borrowing rates, and a stronger job market will continue to boost activity.

Home prices for new and existing homes continue to stabilize, and as average rent prices have risen at a faster pace than the increase in property values, mortgage interest borrowing rates remain historically low.

Compare Multiple Mortgage Interest Rate Quotes for Free

As the basic factors that consumers consider when buying vs renting their next home shift to favor home ownership, more and more Americans are considering becoming a real estate investor and beginning to build equity in their home.

Smart homeowners that research before they apply for a new home mortgage loan approval or apply to refinance their existing mortgage to a new lower rate loan will see these steps as key to increasing their chances of approval from the lender:

-Check Your Credit Score

Lenders want to work with borrowers carrying excellent credit histories because they demonstrate an ability to repay a loan. A borrower is more likely to get mortgage loan approval at the most favorable market interest rate available if they demonstrate that they promptly pay all outstanding debts and has no bankruptcy history.

Too often do consumers realize that there are negative effects on their credit scores from simply not maintaining a regular track of credit history and who has access to their private information.

-Payoff Outstanding Loans 

When you’re ready to take out a mortgage loan and become a homeowner, the mortgage lender will need to process your application through the mortgage underwriting process prior to mortgage loan approval.

Most banks will consider an important ratio known as debt-to-income ratio when deciding if a prospective borrower has the financial ability to repay the mortgage loan after approval.

Increase your chances of getting home mortgage loan approval at an affordable rate by planning to pay down existing loan debts and maintaining stable employment before applying.

-Moderate the Size of the Mortgage Loan 

Often, an application for a home mortgage loan is not approved for reasons other than the borrower’s credit, income, and employment history. The loan amount requested by the borrower may simply be too high in a region of the housing market that the lender has less confidence in.  Mortgage loan approval is usually contingent upon the size of the home mortgage loan not exceeding certain ratios.

Consider keeping the amount you are borrowing on the mortgage loan approval request under $400,000 and increasing the down payment amount to strengthen your chances of approval on a mortgage loan application.

-Demonstrate Stable Employment

Today, an increasing number of Americans are starting their own businesses and reporting income as self-employed,  if you want to get mortgage loan approval this is an important factor.

Most lenders prefer borrowers with long employment histories that demonstrate stable earnings. Gaps in income or inconsistent fluctuations may reduce your chances of getting mortgage loan approval.

While self-employed income may not be considered as reliable of an indicator in the borrower’s ability to repay a mortgage loan as salary wages, the most important factor that a mortgage lender will look for is stability in employment. If you’re a small business owner or you earn a living from commissions, get ready to demonstrate that you have multiple years of earnings history.

Think you have the necessary requirements to get mortgage loan approval on your dream home?

Get invested today and see if you qualify for a home mortgage loan approval

Compare Free No-Obligation Mortgage Quotes

Date: 02 Mar 2015

posted by: Brandon Goudey in Fannie Mae and Freddie Mac&Mortgage&Mortgage Basics&Refinance&Today's Mortgage Rates & Updates

Are you trying to refinance your home and current with your existing mortgage payments?

Have you checked mortgage rates recently?

You may stand to qualify for a refinanced mortgage rate on your existing home loan.

Check Your Refinancing Options – Compare Multiple Rate Quotes for Free

President Obama’s plan to help millions of homeowners save hundreds of dollars in interest savings each month on their mortgage payments is a strong support for the middle class.

Effective legislations from Congress have made it easier for the Federal Housing Administration and national Mortgage Loan Backers such as Fannie Mae and Freddie Mac to take action in making homeownership affordable for Americans and mortgage refinancing a potentially beneficial option for responsible homeowners.

The government, through it’s Home Affordability Refinance Program (HARP) wants to make the complicated refinance application process a more feasible and less costly option for existing homeowners that are responsibly current with their mortgage payments, even though they may be underwater on the existing mortgage with little to no equity.

This means that millions of American households that were hurt by the sharp drop in real estate values yet stayed in their homes and continued making mortgage payments will stand to benefit significantly from a refinance at todays historically low rates below 4% for a conventional 30 year mortgage loan.

Our no obligation mortgage rate tool will check your basic eligibility requirements and provide free quotes from trusted national mortgage lenders eager to compete for your business.

Why should you refinance if you just recently bought your home with a mortgage loan?

Check your existing mortgage rate and loan term, you could be overpaying thousands of dollars in interest payments alone!

Smart Homebuyers Compare Mortgage Interest Rates from Multiple Lenders

Date: 26 Feb 2015

posted by: Brandon Goudey in Home Buying&Home Buying & Selling&Mortgage&Mortgage Basics&Refinance&Today's Mortgage Rates & Updates

Today’s mortgage loan interest rates are near historical lows and the opportunity to refinance at these interest rates may not last long.

If you’re one of the millions of homeowners that can benefit from refinancing their existing mortgage rate, research the mortgage refinance basics and compare multiple lender rate offers before signing your new mortgage loan contract.

Smart Homebuyers Compare Mortgage Interest Rates From Multiple Lenders

The average interest rate for a 30-year home mortgage loan is currently around 3.6%, significantly lower than the market interest rates around this same time last year, offering many existing and new homeowners a fresh opportunity to refinance and save cash on interest rate payments.

With strengthening consumer credit scores,  it is a great time to borrow at historically low mortgage interest rates and even get a cash-out refinance option to pay down higher interest rate debt such as credit card loans.

Even if you’re a recent homebuyer with an interest rate on your existing mortgage of around 4.5-5%,  a drop of just 1% in your annual interest rate on your 30 year mortgage loan can result in significant savings, averaging about $300 per month of savings on a $450,000 mortgage loan for a homeowner.

As the economy improves and home prices begin to rise, borrowers that have spent the past few years working to improve their credit scores have an excellent opportunity to refinance to affordably borrow on a home mortgage loan, which may provide additional support to mortgage interest rates in the future.

The Federal Housing Administration (FHA) is lowering Mortgage Insurance Premium payments from 1.35% annually to a new MIP rate of 0.85% annually to further assist new homebuyers to lower the costs of their FHA backed home mortgage and to make home ownership more affordable.

Another reason to refinance?  Mortgage borrowers with an FHA backed loan can refinance to a new lower rate and depending on their eligibility and current home equity, should strongly consider refinancing their FHA backed loan to a conventional mortgage loan and eliminate Mortgage Insurance Premium costs entirely.

Check Your Refinancing Options – Compare Multiple Mortgage Interest Rates


Date: 24 Feb 2015

posted by: Brandon Goudey in Home Buying & Selling&Mortgage&Mortgage Basics&Today's Mortgage Rates & Updates

A national shift to support homeownership and boost activity in the real estate market has spurred lenders to start easing mortgage borrowing requirements.

New policies have created an excellent mortgage refinancing opportunity for smart homeowners ready to realize the cash savings from today’s low rates.

The Better Offers Mortgage Rate Tool Provides Free No-Obligation Mortgage Quotes

Following the strong tone set by the United States government and the Federal Housing Administration (FHA) aimed at supporting home ownership nationally; mortgage lenders are easing mortgage borrowing requirements for a conventional home mortgage loan from previous standards.

Even the largest and most competitive national mortgage lenders will participate in the FHA program offering lower mortgage insurance premiums and new homebuyers taking advantage of low down payment conventional home mortgages can save cash on those often overlooked insurance payments.

Key mortgage borrowing requirement figures that lenders analyze before lending to a potential homebuyer such as the borrower’s credit score, available down payment and premiums for mortgage insurance have been made more attainable for the average borrower, a sign of potential future increase in real estate buying and selling throughout the year.

Easier lending rules for borrowers trying to purchase a new home and make the financially wise decision to build equity in their property will provide a strong support to the housing market.

Smart Homeowners Research Rate Offers From Multiple Mortgage Lenders

As the 3% down payment program backed by Fannie Mae gains momentum in the conventional mortgage market, and more economists promote the affordability of purchasing versus renting a home, these tailwinds will generally provide an improved environment for the U.S. home mortgage shopper that wants the most competitive offer on their mortgage loan.




Date: 23 Feb 2015

posted by: Brandon Goudey in Home Buying&Home Buying & Selling&Mortgage&Mortgage Basics&Today's Mortgage Rates & Updates

Are you a prospective homeowner thinking about the multitude of reasons why owning vs renting a home could be right for you?

Smart homeowners, understand the importance of planning for their family’s future security as well as researching before making an important financial decision.

It takes years to build a strong credit history and to save enough cash to afford a downpayment on a home, so you should definitely set aside a few hours to become well versed in mortgage borrowing basics.

Prospective homebuyers considering making a real estate purchase must educate themselves about the mortgage underwriting process.  A confident mortgage borrower will prepare to demonstrate a strong ability to repay the principal mortgage loan balance as well as interest and applicable insurance payments.

When You’re Ready to Purchase, Compare Multiple Mortgage Lender Offers for the Best Deal

The real estate market can be a volatile place to invest your family’s hard earned income, which is why a disproportionate number of households have continued to remain renters even as the financial panic has calmed.

With the assistance of a stronger job market, stabilizing real estate values, and low interest and borrowing costs, households across the country that are currently renting or leasing continue to consider the increasingly likely benefits they may realize by becoming a homeowner and beginning to build equity in their primary residence.

For many households that are tired of renting their place of primary residence in a strengthening real estate market,owning vs renting a home becomes an increasingly favorable investment option.

Owning vs renting a home allows you to build equity in the property as the mortgage balance is reduced, which can be considered a form of household savings.  In a strong economy, homeowners will see increases in their equity values as the value of their home appreciates.

If necessary, homeowners also have the option to borrow against the equity in their home in order to pay off higher interest rate loans such as credit card or auto loan debt.

Smart homeowners research multiple offers from various lenders and compare Cash-Out Mortgage Refinance and Home Equity Line of Credit (HELOC) rates before signing their lender contract.




Date: 16 Feb 2015

posted by: Brandon Goudey in Mortgage&Mortgage Basics&Mortgage Insurance&Today's Mortgage Rates & Updates

Homeowners save money across the country are still recovering from the housing price collapse as the economy gradually improves.

New efforts from the Federal Housing Administration (FHA) to stem the decline in home values and to help homeowners save money nationally have given many existing responsible homeowners an excellent opportunity to refinance their mortgage and realize the benefits of today’s low rates.

Free No-Obligation Better Offers Mortgage Quote Tool 

To qualify for the FHA Streamline Refinance program and as a homeowner save money, you must see a net benefit from a refinance, and purchase Annual Mortgage Insurance Premiums (MIP) throughout the loan term.

The most important goal for the FHA is to reduce the overall loan amounts in the housing market.

Maintaining your mortgage payments and staying current is very important. In order to qualify for an FHA refinance, you may not have more than a single late mortgage payment within the past 12 months.

The FHA Streamline Refinance is a government sponsored mortgage product designed to help homeowners whose home prices have fallen significantly compared to their loan amounts, but continue to pay their mortgage.

Qualifying homeowners save money using an FHA refinance can use their home’s original purchase price to refinance, instead of the current market price of the home.

Put simply, homeowners that are underwater on their mortgage can now begin to save cash and on their monthly mortgage payments and avoid foreclosure.

FHA eligibility does not require a home appraisal, current income, excellent credit, or equity in the home.

Check Your Most Competitive Lender Offers and Save Cash