Buy a Home with $100 Down! -Patrick Bowers, Mortgage Broker

Over the past few years or so many of the programs allowing buyers to put low to no money down have vanished.  The standard FHA loan requires a minimum of 3.5% down ($5250 on a $150,000 purchase) not including lender
Read More

Mortgage Rates –Increasing in 2011? – Patrick Bowers, Mortgage Broker

For 2010, we have been blessed with “historically” low interest rates, but will this trend continue into 2011? The Mortgage Bankers Association has recently forecast that “Rates on the 30-year fixed-rate mortgage will average 4.4% in the fourth quarter of
Read More

The Truth About Mortgage Calculators – Patrick Bowers, Mortgage Broker

Mortgage calculators can be a great tool for perspective buyers figuring out monthly payments or current homeowner’s trying to determine if a refinance is in their best interests or not.  All too often though borrower’s exclude important portions of their
Read More

Credit Scores and Mortgage Financing- Patrick Bowers, Mortgage Broker

Credit scores are a huge topic when it comes to mortgage financing.  Not only do your scores dictate whether or not you can get approved, but also affect interest rate, mortgage insurance and homeowner’s insurance rates.  In a majority of
Read More

Home Loans for Veterans – Patrick Bowers, Mortgage Broker

In honors of Veteran’s Day, thought it be a perfect time to discuss the VA mortgage loan.  A VA loan is made to Active Duty Military, Reservists/National Guard, Honorably Discharged Veterans or their unremarried widows or widowers.  VA loan are
Read More

Step One: Pre-Qualification- Patrick Bowers, Mortgage Broker

Step One: Pre-Qualification When contemplating a home purchase the first step for a prospective borrower is going to be the pre-qualification.  This is a simple process that can be done over the phone, in person or online in just a
Read More

News from Patrick Bowers, Mortgage Broker

My name is Patrick Bowers, mortgage broker with Stonegate Mortgage, and I look forward to keeping you up to date on mortgage rates and trends in the industry. For the past three years, I have served as the in-office Loan Originator of Scheetz Mortgage, in
Read More