Does the Presidential Election Affect Mortgage Rates?

This election cycle has been one of the most turbulent in recent memory. There’s a lot of political attention from the national level all the way down to local elections. But what does this mean for mortgage rates? We’ll start by taking a look at the role of the Federal Reserve and its relationship with the president to fully understand their influence on mortgage rates.

When Is It Time to Refinance My Home Loan?

With record low interest rates inspiring confidence in the real estate market, it may be an ideal time to consider refinancing your current mortgage loan if you wish to lower your interest rate and payment, shorten the term of your loan, get cash out for home improvements or consolidate higher interest debt.

Should You Choose a Conventional Loan or an FHA Loan?

The two most popular home loan programs are the FHA loans and the conventional loan. Both can be great options for first-time homebuyers, but each offer pros and cons. At Chris Doering Mortgage, our loan experts are knowledgeable on a range of home loan programs. Here, we outline the key differences between these two home loans and the advantages and disadvantages of each.

Record Low Mortgage Rates Favor Buyers

How We Got Here When the great financial recession struck in 2008, it undoubtedly left a bad taste in the mouths of every American. Whether you were seeking a new career opportunity or looking to purchase your first home, the road to accomplishing those goals has been extremely hard for nearly every single one of us. So how did we go from a historic housing market crash to record low mortgage rates?

Golfing for Caleb

On April 24th, 2016, Chris Doering and other prominent Gainesville citizens came together to play a few rounds of golf, enjoy the Florida sunshine and most importantly, raise money for an extremely noble cause. Caleb’s Pitch is a local non-profit organization that was founded by Boston-native Tim Jacobby. Tim’s son Caleb, an avid Boston Red Sox fan, was diagnosed with terminal cancer when he was just 7 years old. After a long, difficult battle, Caleb passed away on May 10, 2006. He was 8 years old. Although Caleb was unable to overcome his illness, the bravery he displayed left an undeniable impact on the lives of everyone he encountered. Caleb became known for his unbreakable spirit and his daily encouragement of the doctors and nurses often telling them “you’re doing a great job”.

Buying A New Home: How Should I Prepare?

When you’re considering buying a new home, the process can seem overwhelming. Where should you even begin? The process can be confusing and seem daunting to get started. We have some tips on what you should do to jumpstart the process and get on the road to purchasing a home: Strengthen Your Credit Score Getting the best interest rates available will depend largely on your credit score. A credit score of 700 or more should get you a good rate while being over 750 should allow you to get some of the best rates available. One good idea to help your credit before buying a home — don’t apply for a new line of credit within a year before applying for financing. Know What You Can Afford One general rule of thumb with purchasing a house is that you shouldn’t… Read More