Jason Davis - Home Mortgages & Refinancing

Home Buying Myths

The most damaging down payment myth - since it stops the homebuying process before it can start - is the belief that 20% is necessary.

You DO NOT need 20% down payment to purchase a home - Give me a call and let's discuss your options.

According to a Goldman Sachs market forecast, home prices will continue to rise into 2023. Inventory is steadily rising but it's still below pre-pandemic levels, and builders have not been able to keep up due to material and labor shortages.

If you're looking to buy, sale, or refinance now is th...

For the week ending September 30, 30-year rates rose to 3.01% from 2.88% the week before.



In addition, 15-year loans increased to 2.28% and the average for five-year ARMs rose to 2.48%. A year ago, 30-year fixed rates averaged 2.88%, approximately .125% lower than today. Attributed to Sam Kha...

#5. Change loan types:
Many people choose an FHA loan for the low down payment, or because their credit is less than completely optimal. An FHA loan is a godsend in helping people buy a home that might not otherwise be able to do so. But, it comes with one really really really rough downside, wh...

#4 Shortening the term of your loan

Have you ever looked at an amortization chart and compared the difference in building equity between a 30 year mortgage and a 15 year mortgage? Yep, it is pretty crazy!

An example of a scenario in which shortening a term made sense: They had $200,000 owed o...

#3 Restructuring Debt Load

In Tennessee, you can borrow 80% of the value of your house through a cash-out refinance. If you have equity in your house and are literally drowning in debt, its quite possible that a restructuring of your finances is in order. High interest credit cards and car lo...

# 2 Removing or Reducing PMI/MPI Insurance

This is where the savings can really start to roll in, lowering PMI payments and the factor that you pay on it. PMI, or private mortgage insurance, is a monthly payment that the borrower pays every single month until their loan to value reaches 80% on...

This is a 5 part series that will review why Refinancing your home can make sense for many different reasons:
#1. Lowering your interest rate
#2. Reducing your PMI
#3. Restructuring your debt obligations
#4. Building equity
#5. Changing the type of loan you are in

#1 Lower Your Interest Rate
The...

Unlike most lenders, instead of spending money on looking for new clients we spend our marketing dollars on staff and services for our clients to make the process the best experience possible. In turn, we depend on our clients to refer us. If we exceed your expectations, please be sure to menti...