Mortgage Update: January 12
We’ll never allow increased industry costs to get in the way of our service.
First things first, the market inflation numbers came out today and they continue to improve. They are improving month over month, which is great. The market is reacting positively. Dow Jones is up, the market is up and interest rates are stable to slightly down today (compared to yesterday and last week). All great news!
Another update we want to cover is about credit report cost. Credit report costs have gone up significantly in our industry across the board. Because of this, to help save costs, some companies out there are pulling credit reports that don't give the full picture to a borrower, to the approval process, and thus, the real estate agent.
Here at John Adams and Total Home Lending, we are not allowing the increased cost to get in the way of our service and our pre-approval process. We fully underwrite our pre-approval. Our pre-approval here can be given to a listing agent in confidence. Pre-approvals from us are strong and SOLID.
Let us know how we can help!