Smoky Mountain Mortgage Guy

07/17/2024

Reminding you that the band will be performing this Sunday at the Calvary Road Baptist Church in Maggie Valley. Even if you heard us on the Waynesville courthouse lawn on July 4, you'll hear some additional patriotic pieces we didn't perform there. We're excited about the new venue and hope to see a big audience. Please share this with your friends and family.

11/27/2023

With the rising lifespans, its smart to consider home equity into your retirement plans.

Attention Estate Planners Elevate your client's financial strategy with the power of Home Equity Conversion Mortgage (HECM) loans. In today’s robust housing market and facing the challenges of inflation, HECMs offer a strategic tool to unlock home equity without selling. Whether optimizing asset m...

11/20/2023

https://www.miamiherald.com/news/business/real-estate-news/article281958583.html Interesting point, "a tale of two markets" and buydowns. I know of several builders that are offering incentives to buy down the rate for buyers.

With apologies to Charles Dickens, the housing market has become a tale of two sectors. The existing home market has been stymied — largely by mortgage rates that have climbed into the 8% range, but also by a rock-bottom lack of inventory.

10/24/2023

Elk are all over the place this time of year; be careful on the Blue Ridge Parkway.

Great Smoky Mountains National Park rangers are searching for volunteers to expand the Elk Volunteer-in-Park program for the 2024 season.

08/29/2023

Saving up for a 20% down payment to buy a house?

You might not need as much as you think!

Whether buying a home is part of your plan for now or in the future, reach out to a Fairway loan officer to explore your options!

08/29/2023

Saturday afternoon, Aug. 26, in Waynesville, a grounbreaking will be held for an arch that welcomes visitors to the Great Smokies.The arch will be a reincarnati

03/02/2023

Check this out if you or someone you know might qualify.
Its a good way to get into a home if you're not afraid of a little hard work.

Starting March 1, Henderson County Habitat for Humanity will be accepting applications for 2, 3, 4 bedroom homes in the Dodd Meadows Community

02/23/2023

Big changes at Fairway's reverse division. Were making the process streamlined and more efficient for our clients and agents. Stay tuned for more....

Huge news!

Let's give a hand to our new leadership, Tane Cabe, Craig Barnes, Tom Edmond Evans, Michael Daryanani and Peter Sciandra!

Learn more about how we are evolving our reverse loan experience below!

http://bit.ly/3kq8vrg

01/02/2023

This is effective tomorrow, Jan. 3rd. This will provide higher loan amounts for those with homes in this price range. Ask me how!

11/29/2022

RE/MAX, Denver, said October marked the third consecutive month of decline in median home sales prices.

11/29/2022

Notice the number of months inventory listed. 6 months is considered a balance market where neither sellers or buyers have the advantage. It rose in October from 2 month inventory to 2.3 months of inventory. That's still a sellers market. Prices might be coming down somewhat, but with the advantage still with the sellers, don't expect another 2008 style price crash.

Cash buyers and Hedge funds are not affected by rising mortgage rates so as long as they are buying, the market will stay in the sellers favor.

Buying a home remains the best way for the average American to build wealth. If you sit on the sidelines waiting for a lower price next year, you might be disappointed. My first home loan was at 8.5% and I made a great return on the home when I sold it.

RE/MAX, Denver, said October marked the third consecutive month of decline in median home sales prices.