Community Lending Solutions, Inc

Keep this in mind when buying a home, and make sure to ask any potential mortgage expert you work with what to expect when buying a home.

This is another reason to also trust a local source for your mortgage where they know market trends and how to access the data to calculate what sort of potential outcomes you'll have for paying "X" amount for your new home.

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For some reason, they can't seem to curb consumer spending, and that means inflation is staying around longer than expected. Mortgage rates have gotten pretty ugly in the last couple weeks after showing brief signs of improvement only about a month ago. Until this economy slows down, things will stay unpleasant.

The question is, who is out there doing the spending? It seems as if we all feel the sting of inflation, so I don't understand how retail sales and prices are increasing....anyway....

I can't emphasize this enough....if you're going to get a mortgage in this market, and you choose not to give my company Community Lending Solutions, Inc a chance to earn your business, at least do yourself a favor and don't let an uneducated retail loan officer put discount points into your mortgage to buy down your rate. I see it constantly now, and all you're doing is WASTING your money. We all know rates are high right now. You WILL refinance any mortgage you get today, so why spend money on discount points that will take you a minimum of 3 years to see a gain from? Spending $8,000 (yes, I've seen this recently) to get a lower rate and save yourself $75 per month isn't worth it if you refinance in 12, 18, or 24 months. Just do the math on how much your discount points cost you versus save you. For example, if you spend $2,400 in discount points to lower your rate and it saves you $31 per month, it would take you 78 months (6.5 years) to get any benefit from buying those points ($2,400 / $31 per month). If you end up refinancing 12 months into having that mortgage, you will have lost $2,028 by spending money on discount points. It saved you $31 per month and you had the loan for 12 months, so $31 x 12 = $372.00. You spent $2,400 for the discount points. $2,400 - $372.00 = $2,028

Discount points CAN make sense under the right circumstances, but that's almost NEVER in today's market

Or, give me a chance to earn your business and show you how I can provide you better rates, better prices, better service, better advice, and better loan products

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