resources

Utility Helpers Provided by Churchill Mortgage

Churchill Mortgage is a proud partner with Utility Helpers! This collaboration provides a one-of-kind concierge service to help you navigate the challenges of setting up everything from utilities, alarm systems, trash, plus many others. The dedicated team at Utility Helpers makes sure you have every opportunity to focus on the purchase of your new home and takes the stress of time-consuming transfers of various utilities off their plate. 

Market Updates – December 2023

Here's the latest Market Updates. Click on the "Download PDF" to view or click through the slides above to view.1.) Consumer Price Index (December 2023)Consumer prices for all items rose 3.4 percent from December 2022 to December 2023. Food prices increased 2.7 percent, reflecting a 1.3 percent increase in food prices at home and 5.2 percent increase in prices for food away from home.2.) MBS Highway Housing Index (January 2024):The MBS Highway National Housing Index jumped to 42 in January 2024, from 34 in December 2023. This was the second straight month of improvement after six months of decline. While normal seasonality is playing a supporting role in the turnaround, the lead actor has been the sharp fall in mortgage rates in late 2023.3.) BLS Jobs Report (December 2023):Job growth beat expectations once again in December, with the BLS reporting 216K new jobs were created. However, revisions to the data for October and November shaved 71K jobs from those months combined. The unemployment rate held steady at 3.7%, which was better than the expected rise to 3.8%. Employers added a total of 2.7 million jobs last year, an average of 225K a month. 4.) ADP Employment Report (December 2023):Private payrolls were stronger than forecast in December, as employers added 164,000 jobs led by a “healthy bump” in leisure & hospitality. Almost all the growth came in service-providing industries, with goods-producing companies only adding 9,000 jobs. Annual pay growth continued to decelerate, with ADP noting that the risk of a “wage-price spiral” leading to higher inflation “has all but disappeared.The Levinson Teamhttp://www.LendingByLevinson.com402-618-0154

Debt Consolidation ~ Could you use an extra $1,800 a month?

I talked to one of our past clients who shared how his various debt payments are piling up... • Student loans • Credit cards • Auto loans • Personal loans It all added up to $110,000 with monthly payments of $2,900. My goal with all clients is to help you build wealth over your life, specifically with real estate and debt management. This specific client has done very well with the equity gained on his home over the last few years. We were able to tap into his equity with a HELOC (home equity line of credit) and take a loan of $110,000 to off all of his debt mentioned above. This strategy LOWERED HIS MONTHLY PAYMENT TO $1,100 AND SAVED HIM $1,800 PER MONTH! If he uses that extra savings to pay down his new debt, he will be debt-free in less than 4.5 years. Another goal I have for all of our clients is to be debt-free, including your mortgage. Do you have a client in a similar situation? I can help! To learn more, click the link here and schedule a time for us to talk.https://calendly.com/cody-levinson/ The Levinson Team 402-618-0154http://www.LendingByLevinson.com

How My Credit Guy Improves Your Credit Score – Analyze, Negotiate, Educate!

Your credit score is like your financial report card - it plays a huge role in determining your loan type, interest rate, monthly payments, and your home-buying power. If your score is low, you could be building up credit, have some debt you're dealing with, or simply may not be using credit often (or at all). Whatever your score is, we're here to ensure you're armed with the credit knowledge you need to get into your dream home.P.S. Download our free guide for a simple breakdown of credit and how it affects your home-buying journey

Private Mortgage Insurance (PMI) Explained

Private mortgage insurance (PMI) is a type of mortgage insurance you might be required to buy if you take out a conventional loan with a down payment of less than 20 percent of the purchase price. PMI protects the lender—not you—if you stop making payments on your loan. Here's a helpful article that talks about when you can remove PMI and the steps to take. https://www.consumerfinance.gov/ask-cfpb/when-can-i-remove-private-mortgage-insurance-pmi-from-my-loan-en-202/ Reach out to our team if you are wanting to learn more.The Levinson Team www.LendingByLevinson.com 402-618-0154

How to Stop Credit Bureaus From Selling Your Data Without YOUR Permission!!

Did you know that the credit repositories (Equifax/Experian/TransUnion) can sell your personal data without your permission? Prompting annoying sales and solicitation calls, at best, or at worst, fraudulent junk debt dealers harassing you.Trigger leads enable companies to see when you're in the market for credit so they can market their services to you. Receiving unsolicited offers can feel annoying and invasive.You can opt-out of solicitations from credit and insurance companies and sign up for the National Do Not Call Registry.TAKE ACTION TO OPT OUT - CLICK THIS LINK -https://www.optoutprescreen.com/You can register with the Do Not Call List if you are bombarded with emails, texts, snail mail, or phone calls. To opt out of these lists, visit DoNotCall.gov or call 1-888-382-1222For more info on how trigger leads work visithttps://www.youtube.com/watch?v=Tx9Fgioz0Xg

Looking To Purchase An Investment Property?

Real Estate is typically known to be a smart a safe investment. And despite the current economy, that still stands true, especially when using passive income that you may already have through equity and other investments. While we're seeing fluctuating interest rates, lower than normal inventory, and many facing economic strife, let's discuss why owning an investment property is still a key move for long-term wealth.

Thinking About Applying for A No Credit Score Loan?

When you're debt-free, you may not have a credit score. But that doesn't have to impact your ability to buy a home if you can't pay cash. At Churchill Mortgage, we can walk you through the process of getting a no score home loan that can be paid off quickly. This allows you to return to your debt-free lifestyle as soon as possible.

What if I’m using Gift Funds?

Using gift funds for a mortgage down payment can be a great way to help fund the purchase of a home. Gift funds are funds given to you by a family member, relative, or sometimes a close friend, to assist with the down payment or other closing costs associated with a mortgage. Using gift funds can be a valuable resource to make your home purchase more affordable. Here's how you can go about it: 1. Confirm Lender Policies: First, you'll want to speak with your lender (or me, your Mortgage Loan Officer) to understand their specific guidelines regarding using gift funds. Lenders often have rules about who can gift you funds, the required documentation, and how much of the down payment can come from gifts. 2. Source of the Gift: The person gifting you the funds will need to provide a gift letter, which is a formal statement confirming that the funds are a gift and not a loan. This letter should include the giver's name, relationship to you, the gift amount, the purpose of the gift (down payment), and a statement that the funds do not need to be repaid. 3. Documentation: You'll need to provide documentation to show the source of the gift funds and the transfer of funds. This could include bank statements from the giver showing the withdrawal of funds and your bank statements showing the deposit of the gifted amount. 4. Transfer of Funds: To ensure a smooth process, it's essential that the funds are transferred properly. Ideally, the gift funds should be transferred directly from the giver's account to your account. Avoid mixing the gift funds with your own funds, as this could complicate the verification process. 5. Gift Letter: The gift letter, along with the giver's bank statements and any other required documentation, should be submitted to your lender as part of your mortgage application package. 6. Underwriting Process: During the underwriting process, the lender will review the gift letter and supporting documentation to ensure that the funds meet their requirements. They'll want to confirm that the funds are a true gift and won't create additional debt for you. 7. Closing: Once the lender approves the use of gift funds, the funds can be applied towards your down payment during the closing process. The gift funds will be listed on your Closing Disclosure, which is the official document detailing all the costs and credits associated with the loan If you have any questions or concerns, please don't hesitate to reach out. I'm here to help you navigate the process and make your home-buying journey a smooth one.

Market Updates – November 2023

Here's the latest Market Updates. Click on the "Download PDF" to view or click through the slides above to view. 1.) Housing Index (November 2023): National Housing Index fell to 31 in Nov 2023 from 35 in Oct 2023, though it remains much higher than the reading of 13 from a year ago. Elevated mortgage rates caused buyer activity to slow, while competition for scarce inventory helped keep the majority of prices steady nationwide. The Northeast and Mid-Atlantic regions remained the busiest, the Northwest and Southwest the slowest. 2.) Home Price Appreciation: Home prices continue to hit record highs in many of the major indices, and they’re now on pace to deliver 6-8% appreciation in 2023. CoreLogic called prices “resilient” and Case-Shiller said the strength and breadth of their data gives them an “optimistic view about future results.” 3.) Jobs Report (October 2023): Job growth was lower than expected in October, with the BLS reporting 150K new jobs versus the forecasted 180K. There were also big revisions lower to August and September, reducing job creations in those months by 101K. The Fed has been looking for signs of a softening labor market. Will this weaker data be enough for another rate hike pause at their December 13 meeting? 4.) ADP Employment Report (October 2023): Private payrolls were weaker than forecasted in October with just 113,000 jobs created, while pay growth reached the slowest pace in 2 years. Almost all the growth came in service-providing industries, with goods-producing companies only adding 6,000 jobs. ADP noted that “while the labor market has slowed, it's still enough to support strong consumer spending. The Levinson Team www.LendingByLevinson.com 402-618-0154

Bridge Loan

What if your Equity could help buy your dream home? Well, it can and do so much more! Ask us how.

Buy Now vs. Wait?

Have you been asking yourself should I buy a house now or wait until next year?

Home Buyers Edge

Certified Home Buyer Program. The Next Best Thing to a Cash Offer.If you’re looking to buy a home right now, you’ve probably noticed the market is saturated with other buyers and we know that can feel overwhelming when you’re house hunting.The truth is, to win in today’s market you need a competitive edge over other buyers. So, as part of Churchill’s commitment to doing what’s right for you, we’re giving you every advantage possible to come out ahead—and that starts with our Home Buyer Edge program.This exclusive program focuses solely on you and helps you seal the deal on your dream home.It starts with a quick pre-approval through our Churchill Mortgage app, so you can start shopping as soon as possible. While your house hunting you will become a Certified Home Buyer. This enables you to compete with cash offers since you’ll be pre-underwritten by an actual mortgage underwriter.And if you’re worried about rates—Home Buyer Edge covers that too! We’ll secure your rate for 90 days—and if rates go down, you get the lower rate.Finally, we’ll top it all off with a $10,000 Seller Guarantee. This strengthens your offer and makes it easier for the seller to say “yes.”There’s no better way to stand out from your competition in today’s market than with Home Buyer Edge by Churchill Mortgage. When competition is high, it’s important to present the most trustworthy offer by becoming a Churchill Certified Home Buyer. Plus, watch the video above for more info on our $10,000 Seller Guarantee.

Reviews

"Great support every step on the way. Any questions I had were answered quickly and knowledgeablely."

dillon n

"Cody was very efficient and checked in frequently to give updates on the process. Everything went smooth and he was very pleasant ! Fantastic experience"

amy l. r

"Cody was always very helpful and quick to get back to me if I had any questions about anything."

maximus b