The mortgage market continues to evolve with new opportunities. Whether you are a first-time homebuyer, refinancing, or investing, staying informed is key. Here is what you need to know this month.
At GuardHill, our mortgage advisors are highly sophisticated and can structure and close large complex deals quickly. As a mortgage specialist based in New York City, we simplify the process. No matter the size or complexity of your financing needs, we are committed to providing expert guidance every step of the way.
Let us help you accomplish your financing needs by bringing you the highest level of service and expertise.
Market Update:
Mortgage rates have been fluctuating due to economic conditions, including inflation, tariffs and Federal Reserve policies. While rates are no longer at historic lows, buyers have adjusted to the new normal rate environment. Rates are no longer a deterrent to most people looking to buy a primary residence or vacation home to improve their lifestyle. If you are considering buying or refinancing, now is a great time to explore your options.
Homebuying & Refinancing Tips:
First-time buyers:
Consider getting pre-approved to strengthen your offer.
Refinancing:
If you have an older mortgage with a high rate, refinancing could lower your monthly payment. Refinancing is also an option to cash out for debt consolidation, home improvement, or to purchase a second home or investment property.
Market competition:
With spring approaching, more listings may hit the market soon, so be prepared!
Featured Loan Programs:
In addition to offering standard full-income programs, we also offer programs that many lenders do not widely offer. Our creative programs consist of:
- Bank Statement Loans:
Self-employed borrowers can qualify with as little as 12 months of business bank statements. - Asset Depletion Loans:
Provides a way to qualify using personal assets instead of income for borrowers with significant liquidity. - DSCR Loans:
Qualify for financing based on the cash flow generated by a rental on investment property.
