As we move into summer, the real estate market is heating up along with the weather. Whether you’re a first-time buyer, a seasoned homeowner, or looking to refinance, here’s what’s happening in the mortgage world this June:
Mortgage Rate Watch
Mortgage rates have remained relatively steady, but the Federal Reserve’s next move could shift the outlook. Inflation has cooled slightly, but economic uncertainty continues to influence rate trends. Now may be a smart time to lock in a rate if you’re on the fence about buying or refinancing.
Market Trends
- Inventory is rising, giving buyers more options and slightly more negotiating power.
- Home prices remain elevated in many markets, but price growth is moderate compared to last year.
- Condos and townhomes are gaining popularity due to their relative affordability and lower maintenance.
GuardHill is one of the nation’s leading independent mortgage bankers.
We only do mortgages, and our business is generated exclusively through referrals from wealth management professionals, business managers and the top realtors nationwide. Most importantly, our new business comes from our loyal and satisfied customer base.
GuardHill focuses on building relationships throughout the industry by offering the best combination of service, products, price and ease of process.
Some Samples of our Recent Closings:
- $2,400,000- New York, NY. Purchase of a second home co-op at 80% LTV.
- $1,700,000 – Southampton, NY. Delayed financing of a primary residence using a Profit and Loss Statement to qualify instead of tax returns.
- $1,500,000 Santa Fe, NM – All cash-out using a profit and loss statement to qualify instead of tax returns.
- $1,400,000 – Santa Monica, CA. Cash-Out refinance using existing assets to qualify the loan instead of income.
- $1,200,000 – New York, NY. Consolidation of a first mortgage and HELOC of an investment condo. Closed using business bank statements instead of tax returns.
Recent Testimonials
“Stephen and Chelsea are the best in the mortgage business!! Incredible customer service, super smart and helpful, very responsive – A+ all around. Would recommend these two to anyone looking to buy a home. PS our realtors also LOVED working with Stephen and Chelsea.”
-B.A.-
“Valerie and her team were a pleasure to work with. She made the entire process easy and understandable. From start to finish she answered all our questions and guided us the entire time.”
-D.L.-
“I write to you today to express my gratitude for Vicky’s work in closing my recent FLA purchase. As in the past, Vicky was a consummate professional throughout the entire transaction. She led me through the entire underwriting process with ease and delivered our financing as she promised by our closing date. My wife and I always knew that Vicky would answer our call at any time of day or night regardless of how trivial our questions may have been. I have employed Vicky’s services in the past and will continue to do so in the future, as well as recommending her to my friends and family.”
-C.W.-
“You and your team were so amazing! Efficient, organized and really the best. I have never worked with such a great team before. Thank you for being so great and always accessible to my needs. I will surely be back someday and will also recommend you and GuardHill to anyone in need of mortgage etc. Thank you again for being so great!
-B.V.-
