Rick Thompson Blog

Still Paying PMI? It Might Be Time To Stop!

Posted by Rick Thompson on October 19, 2016 in  Mortgage Process

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Understanding The Mortgage Process (Infographic)

The Basics of the Mortgage Process
Posted by Rick Thompson on July 02, 2016 in  Mortgage Process
Are you thinking about taking the plunge and buying your dream home?  Many people find the mortgage process overwhelming and confusing.  Understanding what you need to do is the first step toward making sure you are financially ready to get pre-approved for a home loan.  This infographic is a great overview of what it takes to qualify for a loan in today's market.Courtesy of Keeping Current Matters... read more
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Some Highlights: Interest rates have come a long way in the last 30 years. The interest rate you secure directly impacts your monthly payment and the amount of house that you can afford. Experts predict that rates will increase by 3/4 a percent over the next 12 months. Secure a low rate now to get the most house for your money. If you would like more information about buying or selling a home, please call me at 702-755-6032 or email me at Rick.Thompson@cbvegas.com.  Coldwell Banker Pr... read more
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Millennials: What FICO Score is Needed to Buy a Home? In a recent article by the Wharton School of Business at the University of Pennsylvania, it was revealed that some Millennials are not looking to purchase a home simply because they don’t believe they can qualify for a mortgage. The article quoted Jessica Lautz, the National Association of Realtors’ Managing Director of Survey Research, as saying that there is a significant population that does not think they will be approved for a mort... read more
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