A Raleigh Real Estate Crash Coming Soon, NOT!

May 19, 2022 by Kevin Martini

A topic that is on the mind of many potential first-time homebuyers and current homeowners in Raleigh, North Carolina and really in every city in the U.S. is, are heading into a housing crash because we are in a housing bubble that is going to burst.

Raleigh Mortgage Broker and Certified Mortgage Lender, Kevin Martini, hosts a very special episode of the Martini Mortgage Podcast called: A Real Estate Crash Coming soon, NOT!

Episode 143 of the Martini Mortgage Podcast goes beyond the real estate headlines and deep into the data.

Home Price Appreciation Since 1945

best raleigh mortgage broker kevin martini histporical raleigh appreciation since 1945

Forbearance Data

best raleigh mortgage broker kevin martini

Lending Standards

Foreclosure Activity

Home Price Forecast for 2022

Home Price Expectation Survey | Q1 2022

raleigh mortgage broker kevin martini 507 n blount st raleigh nc 27604

Episode 143 of the Martini Mortgage Podcast with Kevin Martini Transcript

martini mortgage mortgage group best raleigh mortgage lender

A topic that is on the mind of many potential first-time homebuyers and current homeowners in Raleigh, North Carolina and really in every city in the U.S. is…are heading into a housing crash because we are in a housing bubble that is going to burst.

I truly understand why many are concerned with the idea we are in a housing bubble and it is going to burst because 15-years ago we saw home prices fall and it was very painful.

Let me properly communicate this…2022 is not 2008!

Welcome to episode 143 of the Martini Mortgage Podcast, my name is Kevin Martini and I am a Certified Mortgage Advisor with the Martini Mortgage Group which is located in Raleigh, North Carolina however myself along with my very talented crew of mortgage professionals help families in all 100 counties of North Carolina and pretty much in ever state in the U.S. too! I am calling this special episode of the Martini Mortgage Podcast; A Real Estate Crash Coming Soon, NOT!

Opinions are like belly buttons, everyone has one. Some opinions are based on what one feels and some opinions are based on data. I believe when you use data to form an opinion it clears the path so one can make an educated decision based on facts. I believe educated decisions puts you ahead of the crowd.

Some folks feel we are in a real estate bubble and this bubble is going to burst and when it burst it is going to cause a housing crash like we saw in 2008. If you feel this way, with respect, you are incorrect. Let me share with you why we are not in a housing bubble and why we are not heading into a housing bubble.

Let me start with when the modern day housing boom started and that was 1945. World War II ended and soldiers were coming back and they were using the earned VA benefit where they could buy a home. Ever since then and up to today…there has ONLY been one time where homes in the U.S. lost a significant value and that was in 2008.

Why did we see homes lose value in 2008?

There were several reasons why homes lost value and they were from pure market speculation to, over supply to, very loose lending standards among other things.

When I say very loose lending standards, I mean back then you could secure a home loan with no income so a job was not required hence there was no verification of employment was even asked for. Think about it, you could buy a home or take money out of your home without really being able to qualify or have the ability to repay the home loan. Simply put, many people that were unable to afford a home were able to buy a home.

I feel it is natural to be concerned if today people are able to make their mortgage payments. Since the evil pandemic reared its ugly head, many families had to go into forbearance. In the simplest form, forbearance is a loan deferment where one can temporarily stop making payments.

About 4.8 million used forbearance to navigate during the pandemic and today there are less than 700,000 loans in forbearance as of April 2022. The number of mortgages in forbearance has dropped significantly and it is true, not everyone will be able to get out of forbearance successfully however that number is very low but rember this, the families that have not been able to recover are not upside-down on the the home and they have the ability to sell and retain a gain to get on with rebuilding. This is very different than what happened 15-years ago.

Aggressive lending standards were one of the components of the housing crisis, and let’s look at where we are today. Today lending standards are nothing like they were in the 2000s.

Consider home loan product risk and borrower risk. Think of the designer mortgage product risk as the all loans that are available to people such as NINA, which was an acronym for no income no assets or SISA, which was an acronym for stated income stated assets. These designer mortgage products have been virtually eliminated from the marketplace.

Oh by the way, these loan programs were not bad products in my opinion. Crazy statement? Not really, when you know these products had a place for the right borrower based on thier situation but these products were sold by some very bad actors to the the wrong people.

Today when getting a mortgage, there is a common sense approach to your ability to repay the home loan. Has it gotten harder. Well, yes if you compare it to the 2000’s but, common sense is still present with underwriting with the Martini Mortgage Group and I feel that product risk and borrower risk is balanced today.

Don’t believe me? Well, today we are at all time low with foreclosure activity. Sure, the last couple of years there has been a moratorium in place and the federal government has stepped in and said, look, we’re not going to process these foreclosures during the pandemic. However, back during the housing crisis, it was tragic that over nine million people went through foreclosure.

Listen, foreclosure are sadly always going to happen because bad things happen to good people. It is sad but it is a reality. Today with the common sense lending standards that have been deployed has led to less foreclosures in the marketplace pre-pandemic and post pandemic.

In other words, with highly qualified or a better qualified borrower, you’re going to see less defaults and we’re seeing exactly that and provides additional confirmation that the light at the end of the tunnel is not a train coming at us but it is rays of sunshine.

I had a conversation with a family I am working with and they were concerned about a ton of things and I understood and I appreciated their concerns. They felt like you may feel…let us see if that is the case. They felt homes are getting too expensive and people are not going to be able to support their debt load and this would cause a collapse in the housing market.

I understand the thought process but the data does not support the thesis because if you look at data from the Federal Reserve, household debt service ratio for mortgages and basically it measures the percentage of disposal personal income. So, think about the total mortgage payments divided by the total disposal personal income. Make sense?

Where the household debt service ratio is for mortgages right now much much lower than where we were in the housing crisis, even lower than we were in the 80s and 90s. And why is that? Because of rising wages. Because of interest rates that we’ve seen. And because folks that are holding mortgages today are in a much, much better position than where they were back in the housing crisis of ‘08.

So is there a bubble forming or are we in a bubble that is getting ready to burst – NO! No there is not a bubble forming and NO we are not in a bubble that is getting ready to burst. There is not an imminent housing crisis however we are right now in a housing boom!

I believe when we look back at 2022 3 to 5 years from now we will call this period of time the good old days of real estate. In other words, you will be with either be very happy that you purchased a home in 2022 or you will wish you would have purchased a home in 2022.

To highlight, Let us look at where we headed. Home prices are higher and Raleigh mortgage rates are higher and getting a mortgage today is a process not an event and then all the chatter from the Federal Reserve…what does it all mean for home values.

Simply put, Fannie Mae, Freddie Mac, CoreLogic, Mortgage Bankers Association, National Association of Realtors, Zellman and the Home Price Expectation Survey are the 7 entities the Martini Mortgage Group follows religiously to gauge the future of home values and the average of all 7 say that home values in 2022 will go up 9%.

Are homes going to lose value, well the experts don’t see that. Now we are going to see a deceleration of home values in 2022 as compared to 2021 however declaration does not mean depreciation. Declaration simply means that homes are not going to appreciate as fast as they have. I think deceleration is a good thing and is a sing of a healthy sustainable housing market.

If we want to look beyond 2022 I believe the best survey to look at is the Home Price Expectation Survey which is done by Pulsenomics. The Home Price Expectation Survey is not one persons opinion it is the opinion of a panel of over 100 economists, investment strategists and housing market analysts and they project 9% appreciation this year, 4.74% next year, 3.67% appreciation in 2024, 3.41% in 2025 and 3.57% in 2026. That is a 5-year cumulative appreciation of 26.8%.

Oh by the way, 3.84% is the average annual growth in home prices from 1989 to 2019. I was purposeful not to add the last 2-years which has been north of 20% per year to give you some perspective how strong the market has been and will continue to be.

Let me wrap it up. The market today is nothing like the market was 15-years ago. I did not mention it but it is noteworthy to share there are more households today than there were in in 2007. In 2007 there were 116 million households and today there are 130 million households. That is 14 million more households looking for home. In 2007 there are 3.7 million homes for sale and today there are under 900,000 home for sale. More demand and less supply — yikes!

I know there are inventory challenges and mortgage rates have drifted upwards and sure it would have cost less if you purchased 12-months ago but I am reminded of that old Chinese proverb.

“The best time to plant a tree was 20-years ago. The second best time is now.”

Right now is the time to explore your homeownership options as a first-time or as repeat homebuyer. Perhaps you are living in your house that you own but you and your family have outgrown it— now is the time to upgrade. Perhaps you are renting and paying your landlords mortgage for them, now is time to explore your options.

My name is Kevin Martini and I am a Certified Mortgage Advisor with the Martini Mortgage Group. I provide trusted advice with a frictionless process that offers great rates and certainty to you and your family. My number is 919.238.4934.

Looking forward to connect, stay safe out there and wishing you peace and blessings.

Now it is time for the disclaimer:

This material has been prepared for marketing purposes only. This is not a loan commitment or guarantee of any kind.

Loan approval and rate are dependent upon borrower credit, collateral, financial history, and program availability at time of origination.

Rates and terms are subject to change without notice.

The Martini Mortgage Group at PCL Financial is a division of Celebrity Home Loans, NMLS # 227765 with a Branch address of 507 N Blount St Raleigh, North Carolina 27604.

You can contract Certified Mortgage Advisor and Producing Branch Manager, Kevin Martini NMLS# 143962 by calling the Branch and that number is 919.238.4934. For a full list and more licensing information please visit: www.NMLSConsumerAccess.org or by visiting www.MartiniMortgageGroup.com – Equal Housing Lender

The Big Opportunity In Raleigh is Owning Rental Properties

May 1, 2022 by Kevin Martini

The big opportunity today to create generational wealth is in real estate; not just as a homeowner but also as a real estate investor. Episode 141 of the Martini Mortgage Podcast unpacks just 3 financial benefits of owning an investment property; passive income, tax benefits and appreciation.

Questions, just ask the Martini Mortgage Group

Let’s connect to discuss how to add an investment property to your portfolio or to talk about acquiring your first rental property.

logan martini raleigh mortgage lender with martini mortgage group 2

kevin martini best raleigh mortgage broker

Martini Mortgage Podcast Episode 141 Transcript

benefits of rental property martini mortgage mortgage group best raleigh mortgage lender

We all need a roof over our head, every night, when we put our head on the pillow to go to sleep. Some people own that roof and some people rent that roof. Here is the challenge, some people rent because they do not know they can afford to buy and that is sad. Others rent because it is right for them.

It is true, homeownership is not right for everyone and that is OK however, I truly believe, if you want to create wealth and when I say wealth I mean generational wealth, you need to own real estate.

Welcome to episode 141 of the Martini Mortgage Podcast, my name is Kevin Martini and I am a Certified Mortgage Advisor with the Martini Mortgage Group which is located in Raleigh, North Carolina however myself along with my very talented crew of mortgage professionals help families in all 100 counties of North Carolina and pretty much in ever state in the U.S. too. I am calling this special episode of the Martini Mortgage Podcast; The Big Opportunity.

I want to start by sharing there is a time to rent however that time is not now. But as I mentioned homeownership is not right for everyone. I get sad when people rent because they do not think they have options to buy. Let me share this fact. Everyday I help families secure a home loan with less than a 20% down payment…everyday I help families secure a home loan with less than perfect credit and many first time home buyer are eligible for a first-time home buyer tax credit. If you are a renter, you woe it to your self to explore the options and then make a decision if homeownership is right for you after you have all the facts because there is never a substitute for getting educated on your homeownership options.

I share this so you know I am here and it is a big opportunity to explore your homeownership options if you are a renter but an even bigger idea or the ‘ big opportunity’ of this episode is to create generational wealth with a real estate rental portfolio that creates passive income, provides tax benefits and provides asset appreciation.

Passive income, tax benefits and asset appreciation, OH MY! Sound too good to be true but it is for many of the families I work with as their Certified Mortgage Advisor.

Now before you start thinking of all the reasons why this episode of the Martini Mortgage Podcast is not right for you and before you start reciting in your mind all the reason why you cannot afford a piece of investment property let me share this fact with you…it is my opinion you cannot afford not to have a real estate investment portfolio even if it is just for one property. Please give me your ears to expand on this big opportunity.

Let me start with a fact, investors are behind 33% of the purchases of single family homes today in the U.S. so, this means 1 out of 3 single family homes are purchased by investors. Now the Martini Mortgage Group has its headquarters in Raleigh, North Carolina and in Raleigh nearly 1 in every 4 properties are sold to an investor based on the most recent data which is from the 4th quarter of 2021. Yes, this is an amazing stat and it highlights a big opportunity for you and it is not too late for you take advantage of this big opportunity.

I am a real estate investor and I share this not to impress but to impress upon you that I have first hand confirmation it is easier to make one-million dollars with real estate then it is at your 9 to 5 job. To purchase all of my family investment properties I use one of the most powerful tools available and that is leverage.

Simply put, leverage is the use of borrowed money to secure an assets to amplify the potential return on investment. Let me granular, let us say I want to purchase a single family home and make it an investment property…I put a 20% down payment and I secure a 80% mortgage. My 20% down payment means I am leveraging 80%. Oh by the way, the 20% down payment is used only for illustration of purchasing an investment property. If you were purchasing a primary residence you may not even need a down payment or if one is needed it may only be 3 to 5% so your leverage could be as high as 100% to 95%.

Now that you have a working knowledge of leverage…let me start to chat about passive income, tax benefits and asset appreciation.

I believe, to become wealthy and to create generational wealth you need to have multiple forms of income streams. One obviously income source is from your job, this is active income. You have to actively do something like go to work and do your job for active income. Then there is passive income. I define passive income income as income earned outside of your job. One way to earn passive income is by owning a rental property or properties vis-a-vis positive cash flow. Let me illustrate…

You purchase a $250,000 rental property and you leveraged 80% of the purchase which means you put 20% down and that is $50,000 and you secured a $200,000 mortgage. For illustration, let us assume a 7% interest rate for a 30-year fixed. Again, this rate is only for illustration. A $200,000 30-year fixed rate mortgage would have a principal and interest payment of mortgage of $1,331.60 a month. Let us assume that the property tax and the homeowner insurance is $3,000 a year which is $250 a month. This means your total mortgage payment, in this hypothetical example, would be $1,582 a month.

Let us assume that repairs and miscellaneous things like advertising the property cost you 2,400 a year. No me, I factor in 1-moth or mortgage payment to cover for vacancy — so the operation costs would be, let me round up and say $4,000 or $334 a month.

A conservative rental in Raleigh would be, let us just say $2,000 a month, perhaps that is too conservative but let me go with it.

You are paying principal, interest, tax and insurance of $1582 with this high example rent and we are forecasting $334 a month for incidentals so that is $1,916 a month. So worse case with this conservative rent of $2,000 you would have a passive income $84 a month or be positive cash flow of $1,000 a month.

What if the rent was more realistic at 2,250 a month. You would be creating $2,250 a year of passive income vis-a-vis positive cash flow from your rental property.

But as they say in those informercials, but that is not all…

There may be the potential for major tax benefits for owning a rental property. Know that I am a Certified Mortgage Advisor not a Certified Public Accountant so please consult with your tax prepare. With hat aid, for me, owning rental properties allows me to deduct my operating and owner expenses plus I get to depreciate the property and I have capital gain referral.

I do not want to go too deep into this but I do want to talk about the power of the depreciation deduction. You see the current IRS code allows one that owns a rental property to depreciate it over 27 and half years. Let me use that $250,000 rental home I mentioned earlier. $250,000 divided by 27.5 equals $9091. You can use that depreciation to expenses to lower your tax liability along with your other expenses.

Yes, the tenant is paying for your mortgage and providing you with passive income with positive cash-flow, you are getting tax benefits and that is not all, you will also get asset appreciation through appreciation from your rental property.

Before I dive deep into this, let me address two topics that are top of mind for some people are concerned about with real estate today. Number one is some people are concerned that there will be a recession and the recession will impact home values negatively. Some people fear we are approaching a a real estate bubble.

Let me address bubble…today we are in a materially different market than we were in 15-years ago. The demand for homes today is real unlike the artificial demand created by lower lending standards before the great recession. In short, it is my opinion the great recession in real estate was created by many unqualified borrowers being able to secure a home loan and that home loan went into foreclosure. Today, you need more than a pulse to qualify for a mortgage and the bad industry actors have been flushed out however there is going to be a recession. It is not if a recession will come because recessions are a natural part of the economic cycle and it will come however recession does not mean housing crisis nor does inflation mean lower home values.

As I am recording this episode, inflation in the U.S. is at a 40-year high. Owning real estate is a hedge against inflation. In fact, tangible assets, like real estate, tend to increase in periods of high inflation.

Speaking of home values…

I have found the best and most accurate real estate value predictor is the Home Price Expectation Survey. It is done every quarter and it is not one persons opinion on where home values will be headed. A panel of over 100 plus economists, housing market analysis and investment strategist are survey and the result is the Home Price Expectation Survey.

In the most recent survey, basically they are forecasting a cumulative 25% increase in home appreciation through the end of 2026. Let me put share what that means using that $250,000 investment property we talked about earlier. If you would have purchased it in January 2022 then by the end of 2026, according to the Home Price Expectation Survey it would be worth $346,342. So during a period of 5-years, you potential growth in wealth, solely based on appreciation would be over just under $100,000. Then pepper in the passive income received and the tax benefits and you are creating generational wealth.

WOW, that was a lot wasn’t it. Now you know why I called this episode The Big Opportunity

I believe in owning your dream home and I help families secure the the right financing for their dream home. I also believe in investment properties and I help families deploy the right financing strategy for their real estate investment portfolio. I know it should always be home loa n first and then go find your house so with that said, let us connect to talk if investment property is right for you and your family.

Looking forward to connect, stay safe out there and wishing you peace and blessings.

Now it is time for the disclaimer:

This material has been prepared for marketing purposes only. This is not a loan commitment or guarantee of any kind.

Loan approval and rate are dependent upon borrower credit, collateral, financial history, and program availability at time of origination.

Rates and terms are subject to change without notice.

The Martini Mortgage Group at PCL Financial is a division of Celebrity Home Loans, NMLS # 227765 with a Branch address of 507 N Blount St Raleigh, North Carolina 27604.

If not now in Raleigh, it could really cost you!

April 25, 2022 by Kevin Martini

Many people are curious what will happen to home values over the next few years. Some renters think they need to keep renting and some homeowners think they should stay stay in the house they now own even though it does not meet their current or future needs because of fear of a real estate shift. Oh by the way, shift is a euphemism for real estate bubble. SPOILER ALERT – there we are not in a a real estate bubble zone, we are in a real estate opportunity zone!

In this special episode of the Martini Mortgage Podcast called, if not now, it could really cost you; Certified Mortgage Advisor Kevin Martini breaks down the economics based on what a dynamic group of 100+ economists, housing market analyst and investment strategists are predicting for the next 5-years.

Martini Mortgage Podcast | Episode 140 | If not now, it could really cost you!

Right now, that means today we are living in the good old days of real estate. What do I mean by that? Simply put, if you fast forward 5-years or 15-years and you look at today, you will say one of two things…you will either say, I am so thankful that I purchased real estate in 2022 or you will say I wish I had purchased real estate in 2022, it truly was the good old days of real estate back then.
Kevin Martini – Certified Mortgage Advisor & Raleigh Mortgage Broker

Home Price Expectation Survey

Martini Mortgage Podcast Transcript of Episode 140

martini mortgage podcast raleigh mortgage lender kevin martini

If not now, it could really cost you! When I say now, I mean right now and when I say it could cost you, I mean it could cost you tens of thousands of dollars. In fact, according to the Home Price Expectation Survey it could cost you $32,400 in 2022 and by the end of 2027, it could cost you $96,343 in appreciation alone. Then there are rising mortgage rates. Let me share this hashtag Kevin Martini Live nugget about mortgage rates. When mortgage rates rise by just one-percent than your buying power is reduced by over 10%.

Welcome to episode 140 of the Martini Mortgage Podcast, my name is Kevin Martini and I am a Certified Mortgage Advisor with the Martini Mortgage Group which is located in Raleigh, North Carolina however myself along with my very talented crew help families in all 100 counties of North Carolina and pretty much in ever state in the U.S. too. I am calling this special episode of the Martini Mortgage Podcast; If not now, it could really cost you!

Right now, that means today we are living in the good old days of real estate. What do I mean by that? Simply put, if you fast forward 5-years or 15-years and you look at today, you will say one of two things…you will either say, I am so thankful that I purchased real estate in 2022 or you will say I wish I had purchased real estate in 2022, it truly was the good old days of real estate back then.

Let us talk about where real estate is going in light of higher mortgage rates appearing in 2022. Wait! Yes, mortgage rates are higher today than they have been in the last couple of years however from a historical standard, they are historically low. Bold statement, not really — check this out. If you looked at historical 30-year fixed mortgage rates since 1971 the average rate is pretty darn close to 8 percent. Again, from a historical standard, mortgage rates are cheap but they will not be forever.

Now to me, it is not what one person opinion is that matters. Opinions are like belly buttons, everyone has one. I like to look at a sampling of what many experts think when I look at the future of real estate values and the Home Price Expectation Survey that is performed by Pulesnomics is in my opinion the most accurate predictor future of home value. You see the Home Price Expectation Survey is not just what one person thinks, it is a survey of 100+ real estate market experts, economists and investment strategists.

The forecast in the most recent Home Price Expectation Survey highlights that home prices will continue to appreciate over the next 5-years. In 2022, the see a deceleration of appreciation and in 2023 through a stabilization of home values to more traditional levels.

I want to be crystal clear, deceleration of home values does not mean that home values are going to depreciate. Nor does deceleration of home values means that there is a real estate bubble that is going to burst like they did 15-years ago during the great recession. Also while I am setting the official record straight, let me properly communicate, for the people in the back, recession does not mean housing bubble nor does recession means a depreciation of home values.

Let me share a Kevin Martini story with you. Let us assume you are on Interstate 40 leaving Raleigh and going East towards Wilmington. The speed limit is 65 however you are going 85 miles per hour and in the distance you see a police car…you decelerate and take your speed to the posted speed limit of 65. You pass the police car and there are no blue lights flashing in your rearview mirror.

Sure you are now going 20 miles per hour slower however your are still going the speed limit. It is my opinion that this is what real estate is going to do int he coming years — it is going to decelerate not depreciate. Yes the two words sound alike but they have materially different meaning.

The Home Price Expectation Survey is predicting a a 9% increase in home values in 2022. According the Federal Housing Finance Agency the year of year appreciation in 2021 was 18.8%. The S&P Case-Shiller was up 18.6% so yes, a 9% predication is deceleration but it is still above the historical average and that means we are still speeding.

Don’t believe me that we will still be speeding in 2022? Let me share that the Martini Mortgage Group is located in Raleigh, North Carolina. Raleigh, North Carolina is located in Wake County and the 63-year average yearly home appreciation rate 3.41% for Wake County, North Carolina.

The Home Price Expectation Survey says that in Raleigh, North Carolina and specifically Wake County, North Carolina we will keep speeding in 2023 with a forecasted home appreciation rate of 4.74% and in 2024 the appreciation rates hold be 3.67% and in 2025, we will be at the current 63-year average in Wake County with 3.41% and then in 2026, 3.57% appreciation.

Holy cow that was a lot of numbers, what does it all mean? For illustration, let us assume that you purchased a $360,000 home in January 2022. According to the predications in the Home Price Expectation Survey by the end of 2023 that home will be worth 392,400 and in 2024 it will be worth $411,000 well let me fast forward to the end of 2026, that home would be worth $456,343.

The very distinguished panel that is survey for the Home Price Expectation Survey is stating that you could have a potential growth in household wealth over the next 5-year of $96,343 solely on increased home equity.

I said it earlier during the episode of the Martini Mortgage Podcast, we are living in the good old days of real estate and if not now, it could really cost you!

In closing, there is nothing wrong with renting and there is a time to rent however, in my opinion, that time is not now. I want to be clear, renting may be the right thing for you and your family but I truly believe, with an open heart, you need confirmation that homeownership is not right for you and your family. Right now is the time to explore your homeownership option based on facts not based on what you heard at a barbecue a couple of years ago.

If you want or need mortgage help to explore you homeownership options as a first time home buyer or as a repeat home buyer … know that we are here to help, just give us a jingle at 919.238.4934.

Again, my name is Kevin Martini and I am a Certified Mortgage Advisor with the Martini Mortgage Group which is located in Raleigh, North Carolina however I help families all over the U.S.. If you are buying a home and need a home loan, know that I provide trusted advice with a frictionless process that offers great rates and certainty to you and your family. Real estate transactions need to always close on-time and need to be stress-free and should be a world-class experience for everyone involved.

Stay safe out there and wishing you peace and blessings.

Now it is time for the disclaimer:

This material has been prepared for marketing purposes only. This is not a loan commitment or guarantee of any kind. Loan approval and rate are dependent upon borrower credit, collateral, financial history, and program availability at time of origination. Rates and terms are subject to change without notice. The Martini Mortgage Group at PCL Financial is a division of Celebrity Home Loans, NMLS # 227765 with a Branch address of 507 N Blount St Raleigh, North Carolina 27604. You can contract Certified Mortgage Advisor and Producing Branch Manager, Kevin Martini NMLS# 143962 by calling the Branch and that number is 919.238.4934. For a full list and more licensing information please visit: www.NMLSConsumerAccess.org or by visiting www.MartiniMortgageGroup.com – Equal Housing Lender