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Richard McDermott| NMLS# 445134
Loan Officer

Blog Articles

Payment Saver Program: A Temporary Interest Rate Buydown Could Be Your Answer

Payment Saver Program: A Temporary Interest Rate Buydown Could Be Your Answer

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As borrowers navigate historically low inventory, inflation concerns, and volatile interest rates, there is

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Great News: Fee Elimination, Lower Rates for First- Time Homebuyers

Great News: Fee Elimination, Lower Rates for First- Time Homebuyers

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In an effort to offer legitimate assistance to first-time homebuyers in a higher rate environment, Fannie Mae

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2023 Real Estate Market Forecast: Positive Possibilities and a Gradual Return to Normalcy

2023 Real Estate Market Forecast: Positive Possibilities and a Gradual Return to Normalcy

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The 2022 housing market was defined by two factors: inflation and rising mortgage rates. In many ways, the

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3 Best Practices for Selling Your House This Year

3 Best Practices for Selling Your House This Year

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A new year brings with it the opportunity fornew experiences. If that resonates with you because

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Is the Real Estate Market Still Seasonal?

Is the Real Estate Market Still Seasonal?

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Prior to the pandemic, real estate activity followed predictable seasonal patterns. The market would pick up

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Fraud Expert Frank Abagnale’s 7 Tips for Protecting Your Credit and Your Identity

Fraud Expert Frank Abagnale’s 7 Tips for Protecting Your Credit and Your Identity

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Considered one of the world’s most respected authorities on credit fraud and identity theft, Frank

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Key Advantages of Buying a Home Today

Key Advantages of Buying a Home Today

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There’s no doubtbuying a hometoday is different than it was over the past couple of years,

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The Cost of Convenience: Tracking Your Forgotten Recurring Subscriptions

The Cost of Convenience: Tracking Your Forgotten Recurring Subscriptions

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35% of Americans signed up for accounts with recurring payments without even realizing, according to a survey

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Key Factors Affecting Home Affordability Today

Key Factors Affecting Home Affordability Today

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Every time there’s a news segment about the housing market, we hear about the affordability challenges

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BRRR: A Realistic Strategy for Rental Properties

BRRR: A Realistic Strategy for Rental Properties

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The BRRRR (Buy, Rehab, Rent, Refinance, Repeat) method is a real estate investment strategy that details how

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Home Loans for Newlyweds: Using Gift Funds for a Down Payment

Home Loans for Newlyweds: Using Gift Funds for a Down Payment

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The average cost of a mortgage down payment for a first-time buyer is approximately 7% of the total property

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Is the Housing Market Finally Settling Down?

Is the Housing Market Finally Settling Down?

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Stories of frequent and intense bidding wars have dominated real estate headlines for months. With the number

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10 Tips for Better Password Security

10 Tips for Better Password Security

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If your personal data is compromised, weak passwords can lead to serious consequences. And as we see a record number of data breaches every year, it’s more important than ever to start investing time into creating stronger passwords.

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How to Compete With Cash Offers Without Sacrificing Your Budget

How to Compete With Cash Offers Without Sacrificing Your Budget

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When house hunting, money matters- especially in a hot market. But borrowers can still find ways to be the

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How to Combat High Rates With a 2-1 Temporary Buydown Loan

How to Combat High Rates With a 2-1 Temporary Buydown Loan

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With increasing mortgage rates, many borrowers are looking for loan options to help combat higher monthly

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