Oklahoma Mortgage Group - Mike David

Hi, Mike David here with Oklahoma Mortgage Group (OMG). At OMG, we're Tulsa's mortgage experts, and we're here to help you with every step of your home buying journey, including finding the perfect home loan for your new construction home. Maybe you've been thinking about buying a house, and you have a picture in your head of exactly what you want. But have you considered a newly built home? Here at Oklahoma Mortgage Group (OMG), we want you to know that there are advantages to considering a new build home in Tulsa right now. 1. More Options to Choose From Right now, the inventory of existing homes in Tulsa is tight. This means that there are fewer houses for sale, and competition can be fierce. But the good news is that there are more newly built homes available than ever before! This can be a game changer for you, because it gives you more options to choose from when searching for your dream home. 2. Newly Built Homes May Be More Affordable Than You Think Y...

Okay Gen Z, I get it. Buying a house seems out of reach with rising Oklahoma mortgage rates and tight housing markets. But I'm here to tell you that homeownership is achievable – let's figure out how to make it happen for you . Here are some insider tips to help you break into the Oklahoma housing market: Down Payment Help: Don't let that down payment stop you! Explore the many down payment assistance programs available in Oklahoma. Plus, if it's an option for you, getting a little help from family could be the boost you need. Let's chat about your specific situation and see if there's a program or strategy that makes sense. Roomies or the Folks? Need to supercharge your savings? Sometimes, the fastest way is by slashing your living costs. Moving in with friends or family (even for a little while) can help while you focus on that homeownership goal. Widen Your Search: Stay flexible to find the best deals and opportunities! More affordable homes might...

The dream of homeownership is more than just an American staple—it's a stepping stone to financial stability and wealth-building. In Tulsa, where the market is ripe with opportunity, taking the leap can seem daunting. However, the Oklahoma Mortgage Group (OMG) is dedicated to transforming hesitation into action, especially for Tulsa first-time homebuyers. Tulsa's Housing Market: A Goldmine for Growth Real estate in Tulsa has been a spectacle of appreciation. Imagine purchasing a home in Oklahoma for $200,000, only to find its value surging over 51% in five years to $302,000! This isn't just a dream—it's the reality Tulsa homeowners have been living. Now, with Tulsa mortgage rates poised to decline, the question isn't if you should buy, but why haven't you already? Interest Rates and Your Future Sure, renting seems convenient, with no maintenance woes or property taxes. But it's a silent killer for your finances. With average rents climbing, a renter could sp...

Hey everyone, Mike David here with Oklahoma Mortgage Group. I get it – the Fed's actions have made mortgage rates jump, making home buying feel less affordable. But before you give up on your dream of owning a home, let's dive into what this all means for the rest of the year. Rates Might Fall – But When? Experts are keeping an eye on the Fed's upcoming March meeting, but don't expect instant relief on mortgage rates. However, we could see those rates drop later in 2024 if inflation gets under control. This means the longer you wait, the better your chances could be. Time Might Be Of The Essence The housing market is all about timing and opportunity. If you find that perfect house right now and feel financially ready, don't let higher rates totally scare you off. Here's why: Refinance: Rates are projected to go down. You can always refinance your mortgage in the future to snag a lower interest rate! Seller Incentives: With some markets softening, you could ...

Hey there, Tulsa house hunters and homeowners! 👋 Let's discuss the topic that's probably on most people's minds these days: Tulsa mortgage rates. We know they've been a bit of a rollercoaster lately, and that can make figuring out how much house you can afford a real headache.  First, some quick facts: Tulsa Rates have been going up and down a bit, and that's because, well, a lot of things affect them. The overall economy, the job market, inflation – it's like a big pot of financial soup, and all the ingredients can influence the final rate.  But don't worry, you don't need a Ph.D. in economics to navigate this! That's where we, the Tulsa mortgage pros at OMG, come in.  We're here to discuss the trends, what experts say about the future, and, most importantly, how it all affects your Tulsa homeownership goals.  For example, this chart below shows how even a small change in the Tulsa interest rates can significantly affect how much house you can ...