The national average total closing costs for a purchase mortgage transaction were $4,661. This amount consists of a national average of 1.06% of the home sales price.
Here’s one last mortgage industry vibe check before the holidays. With just three and a half short weeks before break, Jim and Alayna give their take on the state of the mortgage industry.
Octavia hits the ground running after being away on a summer vacation.
Many of us remember the days of percentage rates in the teens. The best prepared businesses still made money. Home values weren’t even at record highs! And the sky did not fall after all.
It wouldn’t be a LodeStar Lending Leaders Summer Session if we didn’t include an episode about generational differences. This week we tapped our resident Gen Zer, Fiona, to discuss differences between Gen Z and Millennials.
Octavia gets back from vacation and wants to know if Horace contacted the referral she sent his way.
My generation, by and large, doesn’t necessarily need to have a mortgage process we can take from start to finish on an iPhone, although we’re also not enamored with reams of paper and prolonged, data-exchanging phone calls, either.
Welcome to part three of Jim’s experience buying a home as a mortgage professional. Today we’re picking his brain about the mortgage process and how being the CEO of a mortgage software company helped him navigate the ins and outs of the process.
Horace tries to ghost the borrowers Octavia recommended to him.
We’re back to talking about Jim’s experience buying a home as a mortgage professional. On part two, we’re diving into his experience using a realtor, the value of realtors, and how his view of realtors changed during the homebuying process.