Weekly Mortgage Minutes

Week of 02/13/23

• New rate adjustments just went live. The FHFA has made many changes to different details and one example is when we have a debt to income ratio over 40%. In the past there was no adjustment good or bad for any debt to income ratio, now when a client is over 40% they will see a negative adjustment to their rate. Look for loan officers to be asking for more documentation from clients to see where we can find additional income to help keep them under 40% and get them a better rate and deal overall. This may take a little longer to process and require the client to dig a little deeper in their docs to get us what we're asking for. 

• Take advantage of our second opinion service! We're seeing TONS of competitor offers right now all over the map on rates and fees and SO MANY of them are WAY TOO HIGH! More often than not, we're able to save your clients a good amount of cash on their financing with better terms. Remember we're local to the Tampa area, great rates, great service and great communication. Same day pre-approvals and we routinely close loans in 2-3 weeks. Give us a shot! 

• Spread the Love Valentine's Day BBQ was a success! Thanks to all who attended, we're looking forward to it again next year! 

Josh High | Broker

NMLS 1271420

Swift Home Mortgage

1093 E Brandon Blvd

Brandon, FL 33511

Tel. 813.606.4255

Web swifthomemortgage.com | Email josh@swifthm.com

Apply online: www.getwithjosh.com