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What Does The Fed Rate Cut Mean
This past Wednesday, the Federal Reserve Bank reduced the Fed funds rate by .5%, bringing it’s target rate to 4.75-5% from the previous 5.25-5.5% range. But what does the Fed rate cut mean? To the vast majority of people not dealing directly with the Fed? It’s important to understand what the Fed funds rate actually…
Read MoreWorking With Our Team
Thank you for considering John Meussner & the JM Loans team for your mortgage needs – our team is ranked #1 in customer satisfaction amongst mortgage companies in our home town, but operates in many states across the US! Wherever you are located, you’ll get the same great professional experience and award-winning loan process. Our team…
Read MoreWhat’s Next? What to expect after your mortgage loan closing
First of all, congratulations! You’ve just closed on your mortgage loan and you’ve either accomplished the enormous goal of buying a new home, or you’ve improved your financial situation with a refinance. So that’s it, right!? Not so fast! There are a few things you’ll want to keep in mind over the next few weeks…
Read MoreDo I Need To Refinance During Divorce?
Divorce Mortgage – how to remove a coborrower during a divorce or separation When going through a separation or divorce, if a mortgage exists with both parties as borrowers, the mortgage must be refinanced to remove one of the parties. A refinance is done to remove one borrower from future financial obligation. To remove an…
Read MoreHow To Get Rid of PMI (Mortgage Insurance)
How To Get Rid of PMI When buying a home with less than 20% down, home owners run into PMI, or private mortgage insurance. While mortgage insurance can be paid in various ways, from a split premium to “lender paid” (lender paid PMI results in a higher interest rate), the most common form of…
Read MoreRecently Closed – First Time Home Buyer in Wilmington, Delaware
Wilmington, Delaware First Time Home Buyer Mortgage In a competitive market, it’s important for home buyers to have a great support team. Recently, a past client referred a coworker to me to help them buy a first home. We set up a meeting to discuss their goals, finances, and what the right mortgage and…
Read MoreRecently Closed Mortgage – Battle Mountain, NV
Recently John Meussner and team were fortunate enough to help a lucky buyer pick up a new home in Battle Mountain, NV. Using FHA financing, the home buyer was able to get into a new (to him) home with total out of pocket money equaling just 3.5% of the purchase price. This means that for…
Read MoreThe Fed Rate Increases .25
The Fed announced today an interest rate hike of .25 to the Fed funds rate. This brings the Fed funds rate to 5.5%, the highest level in 22 years, as the Fed continues to fight against stubbornly sticky inflation. In commentary following the hike, Fed officials noted they’ll watch inflation and monitor the overall marketplace…
Read MoreWashington DC Mortgage – Licensed & Ready to Help!
Our team, as of today, is licensed to assist home buyers and home owners with mortgage needs in Washington DC. Washington DC mortgage needs are specific to an area, and previously we were only able to assist outside of the district for those folks settling in Maryland or Virginia, however we can now continue to…
Read MoreDo Credit Bureaus Sell Your Information? – Trigger Leads
Do Credit Bureaus Sell Your Information – Trigger Leads Have you ever had your credit report pulled when applying for a loan, only to be bombarded with calls from creditors trying to sell you services or offering you loans? This isn’t a coincidence, and is one of the most annoying aspects of applying for…
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