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Residential Home Loans
You need to understand three things when applying for a mortgage:
- Your borrowing power
- Your loan type qualifications
- Your ideal monthly payment (budget)
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Refinancing
Shopping mortgages can be like shopping for car insurance. Every lender will evaluate your risk differently and then offer you a rate depending on your risk profile.
A lower risk profile means a better mortgage rate, and that's where mortgage brokers can help!
Experienced mortgage brokers can look at your specific circumstances, complete your mortgage application, and shop for the best rate without running multiple credit checks.
Contact us today to start shopping for new rates.
Commercial Loans
Buying commercial property is very different than purchasing a home. The property's primary purpose is to make you money, save you money, or improve your balance sheet. Likewise, qualifying for a commercial loan is different. Banks will look at your business credit score, annual revenue, coverage ratios, and debt-to-income.
You need someone in your corner who understands how to prepare your documents for success, shop the best rates, and help you through the complicated process of applying for a commercial loan.
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Mortgage Blog | Borrowing DOs and DONTs
Stay up to date about changes in the housing marketing and learn the borrowing DOs and DONTs to ensure you get the best terms at the best rate.
Struggling with mortgage decisions during divorce? Learn how Chissell Mortgage can help navigate your options for a better outcome.
Celebrate the holiday spirit with Chissell Mortgage Group! Here's to joy, togetherness, and exciting opportunities in the new year.
Find the best commercial property mortgage options with the help of expert brokers. SBA loans, bridge loans, and more to fit your needs.
Navigating a Changing Real Estate Market: Insights for Tampa Bay Homebuyers The Tampa Bay real estate market is in a constant state of flux, with shifts in buyer preferences, market demand, and economic factors creating both opportunities and challenges for prospective homebuyers. As the region experiences demographic shifts and varying trends across counties, it becomes increasingly difficult to predict the market’s future with certainty. However, by understanding key patterns and trends, you can make informed decisions. In this post, we’ll unpack some of the most recent data for Tampa Bay’s single-family homes and condo markets to help you navigate these uncertain waters.
Here’s your comprehensive update on the Pasco County real estate market, covering the last four weeks up to August 7, 2024 ( source PRO ). We’ll dive into key metrics and trends for single-family homes and condos in Pasco County. Let’s see how the market is performing and what it means for buyers and sellers. Pasco County Single-Family Homes In the past four weeks, the Pasco County single-family home market has shown notable activity: Active Listings: 1,221 Canceled Listings: 215 Pending Sales: 826 Closed Sales: 847 Temporarily Off-Market: 73 The market activity for single-family homes in Pasco County is vibrant, with a significant number of closed sales and active listings. The relatively high number of active listings indicates a healthy level of market supply, while the substantial number of pending and closed sales reflects strong demand. The number of canceled listings suggests some volatility, which could be due to pricing adjustments or shifting buyer preferences. Pasco County Condos The condo market in Pasco County also demonstrates significant activity: Active Listings: 112 Canceled Listings: 20 Pending Sales: 47 Closed Sales: 35 Temporarily Off-Market: 7 The condo market in Pasco County shows a lower level of inventory compared to single-family homes but still maintains a steady flow of sales. The number of closed sales, although lower than single-family homes, indicates consistent demand. The relatively few canceled listings suggest that the condo market is more stable and less prone to volatility. Market Dynamics The Pasco County real estate market is characterized by: High Demand: The number of closed sales in both single-family homes and condos indicates strong demand in the market. Inventory Levels: The significant inventory levels, particularly in single-family homes, provide ample choices for buyers, although the high number of cancellations suggests a need for price adjustments or other market corrections. Time to Contract and Sale: The efficient median time to contract and sale reflects a market where properties are moving quickly, benefiting sellers. Analysis The Pasco County real estate market is dynamic and active, with high demand driving quick sales in both the single-family home and condo segments. However, the market also shows signs of volatility, particularly in the single-family home sector, with a notable number of canceled listings. This could indicate the need for pricing adjustments or reflect changing buyer preferences. The quick turnaround from listing to sale is a positive sign for sellers, suggesting that well-priced properties are in high demand and do not stay on the market for long. Download the full report here. Numerous Opportunities The Pasco County real estate market offers numerous opportunities for both buyers and sellers. High demand and efficient sales processes favor sellers, while the substantial inventory provides plenty of options for buyers. Monitoring price adjustments and market trends will be crucial for making informed decisions in this dynamic market. Contact Us For personalized real estate advice or mortgage services, feel free to reach out: Phone : (727) 376-6900 Email : ryan@chissellmg.com Address : 1817 Cypress Brook Drive, Suite 104, Trinity, FL 34655 At Chissell Mortgage Group, NMLS #2062741, we’re committed to helping you navigate the real estate market with ease and confidence. Stay tuned for more updates, and happy house hunting!
5 Star Review: Finding the Best Broker in Pasco County
Embarking on the Journey: The Challenge of Being a First-Time Home Buyer
Breaking Free from the Chains of High Interest Rates Are high interest rates turning your dream of affordable homeownership into a financial nightmare? It's time to liberate yourself from the shackles of exorbitant mortgage costs. If you're grappling with steep interest rates on your current FHA or VA mortgage, there's a beacon of hope on the horizon. Join us on a journey to financial freedom as we explore the transformative power of FHA Streamline Refinances and VA IRRRLs. Say goodbye to the burden of high interest rates and hello to a more secure and prosperous future. FHA Streamline Refinances: Streamlining Your Path to Financial Relief The Fast Track to Lower Interest Rates Are you drowning in the complexities of mortgage refinancing? Fear not, for the FHA Streamline Refinance is here to simplify your financial journey. In this section, we'll dissect the streamlined process of FHA Streamline Refinances, explore the eligibility criteria, and unveil the impressive benefits that await. Say farewell to the cumbersome paperwork and hello to a faster, more efficient route to lower interest rates. VA IRRRLs: Guiding Veterans to Interest Rate Nirvana The Veterans' Celestial Route to Interest Rate Reduction For our esteemed veterans, the VA IRRRL (Interest Rate Reduction Refinance Loan) is a powerful tool that can guide you to interest rate nirvana. This section will delve into the unique features of VA IRRRLs, outline eligibility requirements, and showcase the exceptional advantages they bring. Your service to the nation deserves a mortgage that honors your sacrifice — let the VA IRRRL lead the way to reduced interest rates and financial security. Why Choose Chissell Mortgage Group: Your Trusted Partner in Financial Wellness Navigating the Mortgage Landscape with Confidence Amidst the sea of mortgage options, why should you choose Chissell Mortgage Group as your trusted guide? In this section, we'll highlight the reasons that set Chissell Mortgage apart. From a commitment to personalized service to a track record of successful refinances, discover why countless homeowners trust Chissell Mortgage Group to navigate the intricate landscape of mortgage solutions. Secure Your Financial Future with Chissell Mortgage Group Embark on Your Refinance Journey Today Ready to take control of your financial future? The call to action is clear — partner with Chissell Mortgage Group. Visit chissellmg.com or call 727-376-6900 to connect with our team of experts. Don't let high interest rates be a stumbling block on your path to financial freedom. Secure your seat on the Savings Express with Chissell Mortgage Group and embark on a journey towards lower interest rates and a brighter financial horizon. A New Chapter in Financial Wellness Begins Bid farewell to high interest rates and usher in a new chapter of financial wellness. With FHA Streamline Refinances, VA IRRRLs, and the trusted guidance of Chissell Mortgage Group, you're not just refinancing your mortgage — you're transforming your financial future. The path to lower interest rates and greater stability begins with a single step. Take that step today with Chissell Mortgage Group and unlock the door to a more secure and prosperous tomorrow. Please visit our website at www.chissellmg.com for more information or call us at the office at 727-376-6900 . We’re more than happy to help save you some money!
The Clock is Ticking: Florida’s Hometown Heroes Program Revived with Limited Funding In a remarkable yet fleeting victory for aspiring homeowners, the Hometown Heroes program has made a much-anticipated comeback.
UPDATE: The Loan Limit has increased from the initial $750,000 value to $766,550 after the original video was posted! Exciting developments are on the horizon for prospective homebuyers! As we approach 2024, certain lenders have proactively adopted a new conforming loan limit of $766,550. This is a significant increase from 2023's cap of $726,200. But what does this mean for you? In essence, you now have the opportunity to obtain a larger loan amount—up to $766,550—to be precise, without venturing into the realm of jumbo loans. It's worth noting that jumbo loans often come with higher interest rates and additional fees. This adjustment amplifies the purchasing power of borrowers, enabling them to explore a wider range of properties. To put this into perspective, here's how you can leverage the new limit: Opting for a USDA Loan? With 0% down, you can now consider a property with a sales price and loan amount as high as $766,550. Considering a Conventional Loan? With a down payment of just 5%, you can target homes priced up to $789,000. Aiming for a Larger Down Payment ? For those planning on a 20% down payment, properties with a maximum sales price of $937,500 are now within reach. These are just a handful of scenarios that showcase the potential benefits of the updated conforming loan limit. At Chissell Mortgage Group, we're committed to guiding you through these changes and ensuring you make the most of the opportunities they present. Have any questions about the 2024 conforming loan limit or any other mortgage-related concerns? Don't hesitate to reach out to us here . We're here to assist you every step of the way. And for first-time homebuyers check out our series " The Mortgage Process ".
