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The Ultimate Guide to Getting a Raleigh Mortgage | Your Key to a Successful Home Loan Journey | Martini Mortgage Group

April 28, 2023 by Kevin Martini

Are you ready to embark on the ultimate mortgage journey and secure the perfect home loan? Then you’ve come to the right place! Welcome to the Martini Mortgage Group’s ultimate guide to getting a Raleigh mortgage, where we reveal all the secrets to getting the best deal possible.

Here at the Martini Mortgage Group, we’re not just any old mortgage company – we’re the top-rated mortgage company around, and we’re here to help you get the best possible rates and stress-free, on-time closings. We’re all about delivering an honest, well-communicated lending experience that’s based on knowledge and trust.

And that’s why our ultimate guide is the go-to resource for anyone looking to buy a home in Raleigh. With comprehensive, detailed information on the types of loans we offer, current mortgage rates, and tips to secure the best deal, you’ll have everything you need to make a smart, informed decision.

But that’s not all, friend. Our mission goes beyond just helping you buy a house. We’re here to help you create generational wealth through real estate with the proper mortgage strategy. That means we’ll work with you every step of the way to make sure you’re getting the best possible loan option for your unique situation, and give you the advice and guidance you need to make the most of your investment.

So what are you waiting for, friend? Dive into our ultimate guide today and discover the secrets to getting the Raleigh mortgage you deserve!

Types of Raleigh Mortgages Offered by the Martini Mortgage Group

We offer a comprehensive range of loan products to cater to the diverse needs of our clients. These include:

Fixed-Rate Home Loans

Lock in a consistent interest rate for the life of the loan, providing stability and predictability in your monthly payments.

Buydown Home Loans

Benefit from a lower introductory interest rate on your mortgage for the first or a few years.

FHA Home Loans

Take advantage of more lenient qualification requirements, including lower credit scores and minimal down payment options. The FHA Home Loan is NOT just for first-time homebuyers!

VA LHome Loans

Eligible veterans and active-duty service members can access home loans with no down payment, no loan limits, and favorable interest rates.

Rural Development Home Loans (a.k.a. USDA Home Loans)

Rural and suburban homebuyers can benefit from low-interest rates and 100% financing options.

Raleigh Mortgage Rates and Factors Influencing Them

Raleigh mortgage rates can vary depending on several factors, such as:

Credit Score

A higher credit score often translates to lower interest rates, as lenders view you as a lower-risk borrower.

Loan Term

Longer-term loans typically have higher interest rates, whereas shorter-term loans offer lower rates.

Down Payment

A larger down payment can help you secure a lower interest rate, as it reduces the lender’s risk.

Market Conditions

Current economic conditions and market trends can influence not just Raleigh mortgage rates but regional and national ones too.

Tips to Secure the Best Raleigh Mortgage Deal

Follow these expert tips to ensure you get the best possible mortgage deal:

Improve Your Credit Score

A higher credit score can unlock better interest rates and loan terms. Pay off outstanding debts, keep your credit utilization low, and avoid applying for new credit before seeking a mortgage and during the mortgage process.

Save for a Larger Down Payment

The more you can put down upfront, the better your mortgage terms will be.

Consider Loan Types

Evaluate the pros and cons of various loan types to determine which one best aligns with your financial goals and needs.

Lock in Your Rate

When you find a favorable rate, consider locking it in to protect yourself from potential rate increases before or during the loan process. The Martini Mortgage Group has a unique ‘Lock & Shop’ program where you can lock the rate for your home loan before you have a property. Yes, it also has a float-down feature.

Application Process and Requirements

To streamline your mortgage application, follow these steps:

Gather necessary documentation, including income verification, credit reports, and bank statements.
Complete the loan application form and submit it along with your supporting documents.
Await pre-approval, which provides an estimate of the loan amount you qualify for.
Choose a suitable loan product based on your pre-approval, and finalize the terms with your chosen one with the Martini Mortgage Group.
Undergo underwriting, where we verify your information and assess your loan eligibility.
Receive a final approval and proceed to the closing process.

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the moment has come for you to take action

The Martini Mortgage Group’s ultimate guide has provided you with the essential knowledge and tools to navigate the Raleigh mortgage landscape confidently. Now, it’s time for you to seize this golden opportunity and embark on your journey toward homeownership and generational wealth.

Just imagine the moment when you finally step into your dream home, knowing you’ve secured the best mortgage deal with the guidance and expertise of the Martini Mortgage Group. You’ll feel an overwhelming sense of accomplishment and pride, knowing that you’ve made a wise investment in your future and the future of your family.

Don’t let this chance slip through your fingers. The perfect Raleigh mortgage is waiting for you, and the Martini Mortgage Group is here to help you every step of the way. Remember, we’re not just any mortgage company; we’re your dedicated partner, committed to ensuring your home-buying journey is smooth, stress-free, and successful.

So, go ahead and dive headfirst into our ultimate guide. Uncover the secrets to securing the best Raleigh mortgage and transform your dreams into reality. Your future self will thank you, and your legacy will stand the test of time.

Take the first step today. Reach out to Logan Martini, Senior Mortgage Strategist with the Martini Mortgage Group, and let him guide you through the world of Raleigh mortgages. Together, you’ll achieve greatness and create a brighter future for you and your loved ones.

Don’t wait any longer – let’s get started on this incredible journey right now!

Raleigh Mortgages 101: Understanding What They Are and How They Work

April 3, 2023 by Kevin Martini

Buying a home is a big decision, and for most people, it requires taking out a mortgage. However, if you’re not familiar with the world of mortgages, it can be confusing and overwhelming to understand what they are and how they work. In this article, Raleigh mortgage broker Logan Martini provides a comprehensive guide to mortgages, covering everything from the basics of what a mortgage is, to the application process, to tips for getting the best mortgage for your needs. Whether you’re a first-time homebuyer or looking to refinance your current mortgage, this informative article will give you the knowledge and tools to make informed decisions about your mortgage

What is a Mortgage?

A mortgage is a loan that you take out to buy a property. It is usually provided by a bank or a lender, and is secured by the property itself. This means that if you fail to repay the loan, the lender has the right to take possession of the property and sell it to recover their money.

Mortgages come in different types, but they all have the same basic features. They have an interest rate, which is the cost of borrowing the money, and a term, which is the length of time you have to repay the loan. Most mortgages are paid back in monthly installments, which include both the principal amount borrowed and the interest charged.

How Does a Mortgage Work?

To get a mortgage, you’ll need to apply to a lender and provide information about your income, expenses, credit score, and the property you want to buy. The lender will use this information to determine how much they are willing to lend you, and at what interest rate.

Once you have been approved for a mortgage, you will receive a loan agreement that outlines the terms of the loan. This will include the interest rate, the term of the loan, and any other fees or charges you will have to pay. You will also need to provide a down payment, which is a portion of the purchase price of the property that you pay upfront.

After you have signed the loan agreement, you will start making monthly payments to the lender. These payments will include both the principal amount borrowed and the interest charged. Over time, as you make your payments, you will gradually pay off the loan and build equity in the property.

Tip for Getting the Best Mortgage at with the Best Terms

Getting a mortgage can be a complicated process, but there is one thing you can do to make it easier and more affordable.

While it may seem that all lenders offer similar products and rates, there are still important reasons to shop around for a mortgage. By comparing offers from multiple lenders, you can find the best deal for your needs and potentially save thousands of dollars over the life of the loan.

However, it’s not just about finding the lowest rate. It’s also important to work with a lender who takes a fiduciary approach and prioritizes your best interests. This means ensuring that you are deploying the proper mortgage strategy for your unique financial situation and goals.

Furthermore, a frictionless process and strong mortgage management post-closing can make a significant difference in your overall experience as a borrower. By choosing a lender who offers excellent customer service and support, you can enjoy peace of mind knowing that you are in good hands throughout the entire mortgage process.

The Logan Martini Bottom Line

A mortgage is a type of loan that can help you buy a property. It comes with an interest rate and a term, and is secured by the property itself. To get the best mortgage strategy for your needs it’s important to work with a lender who takes a fiduciary approach and prioritizes your best interests – as a mortgage strategist with the Martini Mortgage Group, this is what I do.

Making an informed decision about your next move is crucial, whether you’re a first-time or repeat homebuyer. When it comes to homeownership, having certainty about your financing options is the proper first step, regardless of your level of experience. This way, you can confidently search for your dream home armed with price and cost clarity.

Let’s connect and discuss the proper mortgage strategy for you and your family. Whether you’re ready to take the leap into homeownership or simply want to explore your options, I’m here to help you make the best decision for your unique situation. Contact me today!

Logan Martini

Senior Mortgage Strategist | NMLS 1591485

(919) 238-4934

Now is the real estate opportunity!

June 28, 2022 by Kevin Martini

Right now, there is noise about real estate and mortgage rates and sadly the real truth and the real opportunity is being missed. Fluctuating mortgage rates, home price deceleration and looming recession are facts but, is a recession bad for real estate values? Is there a pure need for real estate? Are home loan rates just going to get more expensive or are they going to retreat?

In this special episode of the Martini Mortgage Podcast, Certified Mortgage Advisor and Raleigh mortgage broker Kevin Martini takes a glimpse of the headlines and goes deep into the data about where home values are headed and where mortgager rates are headed.

Audio Edition of the Martini Mortgage Podcast with Kevin Martini

Video Edition of the Martini Mortgage Podcast with Kevin Martini

Consumer Price Index (a.k.a. CPI)

raleigh mortgage broker kevin martini cpi — It is critical one understands the CPI is a measurement from the same month last year. As shared in the Martini Mortgage Podcast, July, August and September 2021 CPI reading was low as compared to where it was in May of 2022 reading was, this signal that higher mortgage rates are coming since inflation drive mortgage rates higher.

Recession and Home Values

raleigh home values in past recessions by kevin martini — The housing market caused the great recession, the recession did not cause the housing crisis. Again, recession doe into mean housing crisis.

Housing Formations

New Home Supply

new housing supply by raleigh mortgage lender kevin martini — Today there are about 1.7 housing starts but a housing start is not a new homes built they are new home started. So that is not a metric to look at, completed homes and that is at 1.3 million but remember annually there are 100,000 homes that are destroyed. So now there are 1.2 million homes and there is a need for 1.4 million homes so there is a deficit of 200,000 homes.

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It kinda feels like we are walking the tracks in a very dark tunnel right now however, there is a glimmer of light at the end of the tunnel. What is that light coming from? Is that light from a train that is coming straight towards us or is that light a from the sunlight where we can be sitting siping a drink with an umbrella? I know that light is not coming from the bow of the train and I know that light is paradise.

To me, it appears that every news segment leads with the death of real estate or every headline online is talking how high mortgage rates are. Everyone sees these headlines but only 30% actually read the article. Crazy stat isn’t it? 70% of people make a decision on what to do based on a headline only. In this special episode of the Martini Mortgage Podcast let me take you beyond the headlines and deep into the story that now one is talking about.

Welcome to special episode 147 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; Now is the real estate opportunity!

Deceleration of home values, inventory increasing, inflation at a four decade high, six-dollar gasoline, mortgage rates fluctuating upwards, the Fed and the evil ‘r’ word, recession! So much to unpack where do I start.

As a primer, one needs to know that mortgage rates live in the Bond market. The nemesis to a Bond is inflation because inflation erodes the return of a Bond. When Bond prices fall, to attract more buyers, a higher yield is offered. When a higher yield is offered it means there are higher home loan rates available in the market.

Higher mortgage rates did not cause inflation, inflation caused higher mortgage rates. For the people in the back, let me say it another way…inflation drives mortgage rates so when inflation rises you will see that mortgage rates rise. This is very important to understand because a driving force to Bond prices is inflation.

It is my opinion, inflation is going to get worse before it will get better so that means mortgage rates are going to get more expensive and you know what else is going to get more expensive, homes…yes, granted homes will not appreciate at the levels they have over that last several years but they are still going to appreciate. With that said, I am reminded of what my real estate partner always shares with her clients — she says: “marry the house but date the rate”. What an amazing analogy and one that is not just timeless but very timely.

Let me talk about the Consumer Price Index, which is also referred to as the CPI for a moment. At the time of this recording, which is at the last days of June 2022, the CPI had a reading of 8.6%. It is critical one understands the CPI is a measurement from the same month last year. This is very important to understand, CPI is a measurement from the same month a year ago.

Here is the the Kevin Martini forecast on inflation and mortgage rates.

First, mortgage rates will be basically at the current level until mid July 2022 and many news outlets will be claiming that inflation has peaked in mid July. When I say mid July, the pivot to even higher mortgage rates will start on July 13th.

Why do they believe people say inflation has peaked in July? Well, simply put, we know that in June 2021, the inflation reading was 0.9% and the June 2022 number will be compared to June 2021.

Here is the thing that one needs to keep top of mind. In July 2021 the CPI was at 0.5, in August 2021 the CPI was at 0.3% and in September 2021 the CPI was at 0.4%. Punchline, the CPI was low as compared to today. It is my opinion, with six dollar gasoline and with all the containers just waiting to ship from Shanghai, there will not be a rise and repeat of those percentages and… inflation will rise significantly and so will mortgage rates. Then let us pepper in the the July 27th and September 21st Fed meeting.

It would be nice if we heard the word ‘pause’ from the Fed at their September 21st meeting however I have found the Fed is always late to the party and they stay too long at the party. With that said, I see the calgary coming to help mortgage rates towards the end of 2022 but more likely in the beginning of 2023.

The rate one has today will not likely be the rate they will have in 2023 or 2024 because, based on the data, there will be rate relief and an opportunity to marry a lower rate than one has secured in 2022.

So why not just wait? Why should one marry the house and date the rate today, why not just date the house, in other words, why doesn’t one just rent and wait. I can understand why one would ask this question. The answer to the question is simple, because home values will continue to keep growing and growing and growing.

With an open heart, right now we are living in what people will call in the future the good old days of real estate. Yes, right now is still an epic time to buy a house to call home and right now is an epic time to buy a house to rent even with the fact that I believe a recession is eminent.

Yes, a recession is ahead and recessions have proven to be positive for home values. In the U.S. there have been 6 recession since 1980. 1 of the 6 was the great recession where home values went down 19.7 percent. One need to know this…the demand that was before the great recession was based on speculation and speculation made price skyrocket. The housing market caused the great recession, the recession did not cause the housing crisis. Again, recession doe into mean housing crisis.

If you take the great recession out of the equation 4 out of 5 times there was a recession in the U.S., home values went up an average of 5.5%. The one out of five time it went down, values only went down 1.9%.

There was a real estate bubble that created the great recession. The real estate bubble was created in part by speculation. Today, real estate is needed and there is an under supply.

Let me go into a little more detail on the need for housing or housing demand. Let me start with household formations. First, what is a household formation. Simple put, someone leaves mom and dad and occupies a new place. So, when one occupies a new residence without vacating your residence is a household formation. Here is another example. A couple is living together but they break up and one moves out, you now need to 2 place not one, this is another example of a household formation. In the U.S. there are 1.4 million new household formations. Oh by the way, household formations are about 20% above the average right now so simply put, this is your real demand based on need. 1.4 million people need a roof.

Today there are about 1.7 housing starts but a housing start is not a new homes built they are new home started. So that is not a metric to look at, completed homes and that is at 1.3 million but remember annually there are 100,000 homes that are destroyed. So now there are 1.2 million homes and there is a need for 1.4 million homes so there is a deficit of 200,000 homes.

Is home ownership right for you and your family, I do not know but what I do know is that you owe it to explore your options that are available. I truly believe to create generational wealth one needs to own real estate. I also know that the process of homeownership always starts with the home loan first and then go find your home. It is never find your home first and then find the right loan.

My name is Kevin Martini and I am a Certified Mortgage Advisor and I am here to help. I know in this special episode of the Martini Mortgage Podcast there was a lot of data shared, I am here to answer your questions about it. If homeownership is right for you, right now is an unprecedented opportunity.

Thank you for tuning in and please share this episode with someone you care about.

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 contact 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