Your Expert Team

Purchasing real estate for most people is the single largest investment of your life. This is why people trust their own team of professionals to navigate them through the real estate space.

Your All-Star Lineup

Here are the 4 experts that you need to trust while purchasing real estate.

Real Estate Agent (Team Captain)

Your realtor is the spearhead of your real estate team. They are the expert you will spend the majority of your time with when looking for a place. They are the ones that deal with making offers on properties and act as the middleman between you and the selling party. A good realtor will take the time to understand your situation, give you tailored advice and suggest properties that fit your criteria.

Realtors have a deep knowledge of different types of buildings and areas while having access to more tools and information on properties. Using a realtor is a MUST. They get paid from the seller so it’s a free service when purchasing a home.

Mortgage Broker (Assistant Captain)

Your mortgage broker is the financier of the real estate purchase. They look at your entire financial picture and come up with purchase scenarios that are custom to you. Mortgage brokers act as the middleman between you and the different lenders while giving you unbiased advice. A mortgage broker’s job is to make the mortgage process go as smooth as possible while getting you the best mortgage product on the market.

A mortgage broker works independently. So unlike the bank where they get paid a salary whether or not you work with them. The mortgage broker’s interests align with yours to make sure you get the best deal. Mortgage brokers not only get you competitive rates by looking at all the options, but they are also a free service just like working with a bank.

Why wouldn’t you want an expert on your team with your best interest in mind instead of the banks?

Real Estate Lawyer or Notary (Score-keeper)

A Real estate lawyer or Notary’s job is to finish the transaction and make sure all of the legal paperwork is in order. They are the ones who talk you through all the binding contracts before closing and registering the property in the new owner’s name.

The Notary is the party that holds all the money and makes sure the buyer and sellers get the correct dollar amounts. Both the buyer and the seller need to have their own individual lawyer.

The difference between the two is one is an actual lawyer who can review the contract and give feedback. If something goes wrong with the sale the lawyer will be able to help and give guidance. Whereas the notaries are slightly cheaper but are only there to do the bare minimum needed to complete the transaction.

Home Inspector (Goal Keeper)

The Home inspector is the best bang for your buck. They will go through the property and give you a report on EVERYTHING. They are the ones who make sure the property has no major issues that will come up after you have purchased it. Leak behind the wall? They will find it. Issues with electrical outlets? They will find that too!

The home inspector is a MUST when looking at properties new or old. While their job only takes a few hours, getting an expert who knows what to look for can save you thousands of dollars if there are issues. (You will also know what to fix when you move in).

Through my years as a mortgage broker I have built a network of great individuals, each is an expert in their rightful field. If you are looking to add any of these to your line-up, I can put you in touch with the best!

Got Questions? Reach out!
I’d love to hear about you and create a plan towards homeownership.

Your Mortgage Broker,

Mack

For many people, buying a home is the largest financial transaction of their lives, and one of the most important decisions is choosing the right type of mortgage. One of the options that borrowers have is a fixed-rate mortgage, which offers the security of a fixed monthly payment over the life of the loan. However, locking in a fixed-rate mortgage during a high-interest rate market comes with significant risks.

When interest rates are high, the banks are trying to lock that in for as long of a term as they can. This means that borrowers will have to pay more in interest over the life of their term. This risk can make it more difficult for borrowers to afford their monthly payments and can lead to financial stress and even default. If interest rates fall after a borrower has locked in a fixed rate, they will not be able to take advantage of the lower rates unless they refinance their mortgage, which can be costly.

Another risk of locking in a fixed-rate mortgage during a high-interest rate market is that it can limit a borrower’s flexibility. If a borrower’s financial situation changes, such as a job loss or unexpected expense, they may find it difficult to make their mortgage payments. If they are locked into a fixed rate, they will not be able to reduce their monthly payment by extending the term of the loan or changing to a variable rate.

While fixed-rate mortgages offer the security of a fixed monthly payment, locking in a fixed rate during a high-interest rate market comes with significant risks. Borrowers may end up paying more in interest over the life of the loan, have limited flexibility if their financial situation changes, and may have fewer options when it comes to selecting a lender or a mortgage product.

When it comes to making a decision, trust your professional mortgage broker for advice. Since no two people are the same, each individual scenario needs to be viewed in its own way. This is where talking to a broker will help give you the answers you need in order to make the correct decision.

Welcome to my page! Here you’ll find great mortgage advice as well as tools, news, tips and guides to making sure you get the most out of your mortgage. Look around! There’s something here for everybody.