Mortgage Beat Archive

A pre-approval is official. So, if a client is about three months away from buying a property, he or she should be pre-approved by then.

Well, the Fed did cut rates this past week by 50 basis points, and I think for some it surprised them because the Fed was supposed to maybe cut just a quarter point. 

Rates seem to be starting a new paradigm in that we’re now in a period where rates are likely going to start declining. Anyone who was looking to buy a home and had problems with qualifying is now going to find that it might be a little bit easier to qualify. 

Everybody’s situation is different. Everybody has different ways in which they want to make money, save money, invest money, all of that. But the biggest piece to financial wellness, I believe, is making sure that your assets are protected. 

Police Mortgage does business with first responders in a number of states. Indiana is one of our top areas to close police home loans. 

The biggest visible differentiator for Police Mortgage is that we offer End of Watch Loan Protection for police and firefighters. It’s free for all active-duty credit union members. It doesn’t cost them a dollar.

Between getting pre-approved and closing on a police home loan there should be no surprises in the process. That is definitely the case on our end at Police Mortgage. 

The biggest mistake many first responders make by the time they get to me is thinking that there’s no way out of their debt. Many feel that living paycheck to paycheck is just the way of life that they have to accept and that there is no way to save.

How is Police Mortgage different from other providers? The obvious first answer would be that we offer Killed in the Line of Duty Loan Protection.

Can buying a home be a savings plan?  Absolutely, it depends on the person. Are they disciplined enough?

I have family members that are police officers. I have close friends that are first responders. These professions and the well-being of those that do these jobs are very close to me