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Showing posts from October, 2023

Why Experience Matters When Choosing a Mortgage Lender

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  In these pressing times with higher interest rates and scarce inventory, gambling on an inexperienced lender is risky! When the stakes are high, you need a trusted partner like Oklahoma Mortgage Group!   🌿 Precedent in Lending: In law, precedence is key to resolving new cases. Likewise in lending, a history of successful closings provides a blueprint for approving new, similar applications confidently and creatively. 🚀 Oklahoma Mortgage Group Advantage: - 1,000+ Successful Closings : Drawing from over 1,000 loans closed in the past 3 years, we don’t just rely on theory; we have practical, proven experience and a multitude of ‘precedents’ to draw upon to secure approvals, ensuring your clients enjoy a smoother, assured approval process. - 275+ new applications just in the last 3 months! Each one meticulously scrutinized, ensuring a path to approval is not just found, but masterfully crafted. - Expert Team : Our team, with 40 years of in-house processing experience and a

Stop Renting and Start Owning: Unveiling the Financial Truth!

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Are you still renting a home? You might be unknowingly throwing your hard-earned money away! In this post, we’ll reveal some eye-opening facts about home ownership versus renting, and why now is the perfect time to invest in a home. Unbelievable Appreciation: Firstly, let’s talk about value. Since 1967, home values have surged by an impressive 933%! This significant appreciation rate is a testament to the solid and stable investment that real estate represents. On the flip side, rent prices have escalated by a staggering 1784% over the last 60 years, making renting a less economical option over time. Affordability in Focus: Now, let’s delve into the affordability aspect. The average mortgage payment-to-income ratio over the past four years is approximately 25%, with a peak at 28.5% in 2023. In stark contrast, the rent payment-to-income ratio averages at 40% during the same timeframe. This data clearly indicates that owning a home is more affordable than renting, even amidst the environ