Vessel Mortgage | NMLS #2192441

Are you stuck thinking banks are your only option for a mortgage? Think again! Many lenders and mortgage brokers can offer tailored solutions to fit your financial situation and homeownership goals. At Vessel Mortgage, we prioritize your needs and are committed to making the mortgage process straightforward and stress-free. Ready to discover your options? Contact us today or visit us our website for expert guidance on your journey to homeownership! ???? Suzanne Cupit ?? 504-473-7313 ?? [email protected] ?? https://lnkd.in/g3V5x_E4 #MortgageMyths #MortgageReality #HomeLoanOptions #MortgageExperts #VesselMortgage

When you're looking at your mortgage, it's more than just the loan amount. It’s crucial to understand the full cost, including interest, fees, and other charges. Knowing the total cost of your loan helps you make smarter, long-term financial decisions. Let’s break it down so you can feel confident every step of the way. Before committing to a mortgage, it’s important to fully understand the total cost you’ll be paying over the life of the loan. While the loan amount is a major part, there are several other factors that can impact your finances in the long run. Here’s what you need to consider: ? Interest Rate: This is the percentage you’ll pay to borrow the money. It’s often the most significant cost and can add up over the life of the loan. ? Loan Term: The length of your mortgage (e.g., 15 years, 30 years) will affect both your monthly payments and the total interest you’ll pay over time. ? Fees: There are various fees to be aware of, including origination fees, appraisal fees, closing costs, and service fees. These can add significant costs to your mortgage upfront. ? Insurance and Taxes: Property taxes and homeowners insurance are often included in your monthly payment through escrow, but they’re part of the total cost of homeownership. By understanding all of these components, you’ll get a clear picture of the total cost of your mortgage and how it fits into your financial plan. Ready to dive into the details of your mortgage options? We’re here to help! Contact us or visit our website. Let’s make homeownership simple and stress-free! ???? Suzanne Cupit ?? 504-473-7313 ?? [email protected] ?? https://lnkd.in/g3V5x_E4? #MortgageTips #HomeBuying #MortgageCosts #VesselMortgage #SuzanneCupit

?????? ?????? ???????? ???? ?????????? ??, ???????? ???????? ????????'?? ???????????????? ???????? ??????????: ?????????? ???????????????? ???????????? Mortgage rates once again moved lower last week, and similar to previous weeks the moves weren't large but were consistent. A string of recent data showing economic activity is slowing and consumer spending is falling has helped mortgage rates fall to the best levels of the year, although still much higher than last September. ???????? ????????'?? ???????????????? ???????? ????????????????: ?????????? ?????????? ?????????????? ?????????????? This week brings a few economic reports, but more importantly, it will bring January's jobs data. Signs of labor market weakening, on top of the economic weakness we've seen recently, could help mortgage rates continue lower. If rates do move lower, it will likely continue at a slow and steady pace, as we've seen in the past few weeks. ????????'?? ?????????????????? ?????????? ???????? ????????: -Jobs data: Multiple reports this week about jobs and unemployment, although the Job Openings and Labor Turnover Survey will not be released until next week. Friday's BLS jobs data will have the biggest effect on mortgage rates to end the week. -Market momentum: Markets have grown less optimistic about the economy, and concerns are rising that tariffs taking effect this week will bring about retaliatory actions from other countries. #mortgages #mortgagerates #realestate #mortgageinterest #homebuyingtips #realestateadvice #refinance

Are you struggling to align your mortgage payment with your pay schedule? The good news is, many lenders allow you to adjust your loan payment date to better fit your financial routine. However, it’s important to reach out to your lender directly to explore your options, as changing your payment date could affect your due dates and, in some cases, mortgage terms. At Vessel Mortgage, we believe in making the home buying process smoother for you, offering guidance every step of the way with honesty and transparency. We’re here to help you make informed decisions and find solutions that work for you. Reach out if you need assistance—let’s get this right together! ???? Suzanne Cupit ?? 504-473-7313 ?? [email protected] ?? https://lnkd.in/g3V5x_E4 #MortgageTips #Homeownership #LoanManagement #SuzanneCupit #VesselMortgage

After closing on your new home, many mortgage providers leave you to navigate the next steps alone. At Vessel Mortgage, we believe our relationship with you is just beginning. Our post-closing support is designed to provide you with the resources and guidance you need to thrive as a homeowner. Whether you have questions about refinancing options, budgeting for home maintenance, or understanding your mortgage terms, we are here to help. Our team offers ongoing education and support tailored to your unique needs, ensuring that you feel confident and empowered in your homeownership journey. We value the trust you place in us, and we’re dedicated to maintaining a strong partnership long after the paperwork is signed. Let’s continue this journey together! Have questions or need guidance? Reach out to us and let us support you every step of the way! ???? Suzanne Cupit ?? 504-473-7313 ?? [email protected] ?? https://lnkd.in/g3V5x_E4 #VesselMortgage #FaithDrivenMortgage #IntegrityInMortgage #HomeOwnershipJourney #MortgageWithPurpose

Understanding your monthly mortgage payment breakdown is key to managing your finances and avoiding surprises. It’s more than just the loan amount. Get clarity on the full picture—principal, interest, taxes, and insurance—so you’re fully prepared for your financial journey. When you're securing a mortgage, it's important to understand what goes into your monthly payment. It’s not just about the loan amount. Here’s what you should know: ? Principal: This is the portion of your payment that goes toward paying off the original loan balance. It gradually decreases over time as you pay down the mortgage. ? Interest: The amount you pay to your lender for borrowing the money. Interest rates can vary, so it’s essential to understand how they affect your payments. ? Property Taxes: These are often included in your monthly payment if you have an escrow account. Taxes vary based on the value of your property and the local tax rate. ? Homeowners Insurance: Most lenders require homeowners insurance to protect your property. The cost is typically bundled into your monthly payment. By knowing how your payment is split, you can plan ahead and avoid surprises. Plus, this breakdown helps you understand how your loan is working for you over time. If you have any questions or want to dive deeper into understanding your payment breakdown, reach out to us! Let’s make sure you’re on the right path to homeownership! Reach out to us to get started today. ???? Suzanne Cupit ?? 504-473-7313 ?? [email protected] ?? https://lnkd.in/g3V5x_E4 #MortgagePayment #HomeLoanBreakdown #MortgageEducation #UnderstandingMortgages #VesselMortgage

?? ?????? ?????? ???????? ???? ???????????????? ????, ???????? ???????? ????????'?? ???????????????? ???????? ??????????: ?????????? ???????????????? ???????????? ?? Rates continued to creep slightly lower last week, despite it being a short week with little in the way of economic data. It is important to note though that most of the improvement is in rebate pricing, the credit your lender gives towards costs or a reduced cost for choosing a lower rate (less paid in points). Rates themselves have not moved much lower. ???????? ????????'?? ???????????????? ???????? ????????????????: ?????????? ?????????? ?????????????? ?????????????? ?? Mortgage rates have the potential to improve this week, particularly if current market trends persist. Concerns about tariffs and inflation have eased, allowing rates to stabilize after previous increases earlier in the year. However, after seeing rates improve the last couple of weeks, we could be due for a slight turnaround. ?? ????????'?? ?????????????????? ?????????? ???????? ????????: - Inflation data: This week brings the Fed's favored gauge of inflation, the personal consumption expenditure report. Released on Friday, the data could help rates improve or worsen at the end of the week depending on if inflation increases. - Market momentum: Markets have grown much less concerned over the effect of tariffs, and bond yields have improved because of it, which helps mortgage rates move lower over time. #mortgages?#mortgagerates?#realestate?#mortgageinterest?#homebuyingtips?#realestateadvice?#refinance

?? ?????? ?????? ???????? ???? ???????????????? ????, ???????? ???????? ????????'?? ???????????????? ???????? ??????????: ?????????? ???????????????? ???????????????? ?? Rates last week were volatile day-to-day, moving higher midweek when consumer inflation data came out showing inflation for January was higher than expected. By week's end, however, rates had recovered and after weak retail sales data on Friday ended the week slightly better. ???????? ????????'?? ???????????????? ???????? ????????????????: ?????????? ???????????? ???? ???? ???????????? ?? This week is light on economic data, as well as a short week with markets closed for Presidents Day, which makes it likely that rates will not move much. There may be some day-to-day movement, but unless there is a surprise event, rates will likely end the week relatively unchanged. ?? ????????'?? ?????????????????? ?????????? ???????? ????????: - Presidents Day: Markets will be closed on Monday, and rates won't change. - Tariffs: Although many proposed tariffs have been postponed, continued concerns from traders could play at least a small role in mortgage rates for the week. - The Fed: Markets are still contemplating the potential for Fed rate cuts later this year, and the minutes from the last Fed meeting will be released this week. However, Fed rate cut expectations will only play a small role in mortgage rates this week. #mortgages?#mortgagerates?#realestate?#mortgageinterest?#homebuyingtips?#realestateadvice?#refinance

Ready to turn your homeownership dreams into reality? Our team at Vessel Mortgage is here to provide you with personalized support, making the mortgage process smooth and quick. From initial consultation to closing, we’ll handle the details so you can focus on finding your perfect home. Don’t let misconceptions hold you back—contact us to learn more. ?? 504-473-7313 ?? https://lnkd.in/g3V5x_E4 #MortgageMyths #HomeBuying #VesselMortgage

Life happens. If you encounter financial difficulties and find yourself struggling to make mortgage payments, it’s crucial to know your options. Understanding what support your lender offers can bring peace of mind during tough times. We're here to help you navigate through it. Financial difficulties can hit unexpectedly, but knowing what options you have can make all the difference. If you’re having trouble keeping up with your mortgage payments, it’s important to communicate with your lender as soon as possible. Here’s how they might assist you: Forbearance: Lenders may offer a temporary pause on your mortgage payments, allowing you to skip a few payments or reduce them for a set period. Loan Modification: This involves changing the terms of your loan to make it more affordable, such as lowering your interest rate or extending the loan term. Repayment Plans: If you've missed a few payments, lenders may work with you to create a plan to catch up over time. Refinancing Options: In some cases, refinancing your mortgage may lower your monthly payments or improve your overall loan terms. Financial Counseling: Some lenders provide access to financial counseling services that can help you get back on track. If you’re worried about your ability to make mortgage payments, don’t wait until it’s too late. Contact us today we’re here to guide you through tough times and help you find the best solution for your financial situation. ?? 504-473-7313 ?? https://lnkd.in/g3V5x_E4 #MortgageHelp #FinancialSupport #MortgageOptions #VesselMortgage #HomeOwnership