Do Home Prices Feel Out of Reach?
GET AN ‘ARM’ UP WITH AN ADJUSTABLE-RATE MORTGAGE FROM BELL
When home prices are high or interest rates are rising, an adjustable-rate mortgage (ARM) could be a great option to get you into the home of your dreams.
Arm yourself with the facts on adjustable-rate mortgages from Bell:
• Adjustable-rate mortgages typically start with lower interest rates than fixed-rate mortgages, which could mean lower monthly payments for you at the start of the mortgage.
• Our ARM options offer a fixed-rate period of 5, 7 or even 10 years before the interest rate can adjust.
• With 5/6, 7/6 or 10/6 ARM options from Bell, your rate will be fixed for the first 5, 7, or 10 years (depending on the program) and may adjust every 6 months thereafter. Rates may vary, or the payment may increase with each 6-month rate adjustment.
• Bell’s ARM products limit how much the interest rate can increase or decrease at each adjustment period.
Are you ready to take the next step to homeownership? Contact me today to discuss if an adjustable-rate mortgage could be right for your situation.
Where We Lend
BELL GOES BEYOND!
• Alabama
• Arizona
• Arkansas
• California
• Colorado
• Florida
• Georgia
• Idaho
• Illinois
• Indiana
• Iowa
• Kansas
• Kentucky
• Michigan
• Minnesota
• Mississippi
• Missouri
• Montana
• Nebraska
• Nevada
• New Mexico
• North Carolina
• North Dakota
• Ohio
• Oklahoma
• Oregon
• Pennsylvania
• South Carolina
• South Dakota
• Tennessee
• Texas
• Utah
• Virginia
• Washington
• Wisconsin
• Wyoming
Who Bought Homes Last Year?
HIGHLIGHTS OF THE NATIONAL ASSOCIATION OF REALTORS’ ANNUAL PROFILE OF HOME BUYERS AND SELLERS
The National Association of Realtors (NAR) recently released its annual “Profile of Home Buyers and Sellers” report for 2024, providing an insight into who bought and sold homes between July 2023 and June 2024. Take a look below at a few interesting statistics from the NAR report.
• First-time buyers made up 24% of all homebuyers
• The median age of first-time homebuyers was 38 years old
• The median age of repeat homebuyers was 61 years old
• 73% of recent homebuyers did not have a child under the age of 18 at home
• Veterans were 16% of homebuyers
• 62% of homebuyers were married couples
• New homes made up 15% of all home purchases
• 52% of first-time buyers utilized a conventional loan to finance their home, 29% used an FHA loan, and 9% used a VA loan.
To view more highlights from NAR’s report, visit www.nar.realtor and search “Profile of Home Buyers and Sellers.”
WHATEVER YOUR SITUATION, WE CAN HELP
Wherever you are in life, we have options to help you on your homeownership journey. Our wide range of mortgage programs include:
• First-time homebuyer loans
• Refinancing options
• New construction loans
• Renovation loans
• Options for move-up homebuyers
Contact me today to learn more!
Building Your Dream Home This Summer?
GET YOUR FINANCING FINALIZED THIS SPRING
Are you planning a new build in the next few months? Whether you’re looking at a more standard blueprint or a unique custom build, Bell Bank Mortgage is here to help.
We offer a range of new construction loan programs that are designed to give you control when building your home. From the simplicity of our one-time close loan program to the flexibility of a two-time close loan, we have a range of options to help meet your needs.
Here’s what you can do this spring to make sure you’re ready to build this summer:
1. Talk to your mortgage lender to determine how much you can afford, then start making definitive plans. Our in-house construction team can help you evaluate which financing option makes the most sense for you.
2. Evaluate your lifestyle and plans for the future when identifying your new home’s style. Consider the elements of a home that are most important to you, from living spaces to kitchen to outdoor areas.
3. Select a builder by visiting model homes and inspecting their work. You can also talk to friends or family who may have built or renovated a home recently for their recommendations.
For decades, we’ve made the homebuying process simple for thousands of families. As one of the nation’s largest independently owned banks, Bell has all the benefits and capabilities you need, with the personalized service you deserve.
ADD IT UP!
Refinance With Us and Get Up to $1,000 **
Thinking about refinancing your mortgage this year? Work with Bell Bank Mortgage and you could get up to $1,000** – a $500* lender credit for refinancing, plus an additional $500** if you switch to America’s Best Checking!™
Make this your season of savings. Contact me today to get started!
*Lender credit offer valid for all RESPA refinance applications taken on or before June 30th, 2025. This is not a commitment to lend. Subject to credit approval. Must be a refinance. Program guidelines are subject to change without notice. Other restrictions may apply. Loan must close with Bell Bank Mortgage to receive the credit.
**Checking bonus offer valid for mortgage loans closed on or before June 30th, 2025. We will deposit $500 after the new first-time Bell Bank personal checking account has been active 60 days with (1) two or more recurring direct deposits totaling $1,500 or greater, excluding transfers from another bank, and (2) 10 point of sale debit card transactions or a recurring automatic payment. Bonus will be deposited within five business days after qualifications are met. Limit of one bonus per household and per account. This promotion is available to mortgage loan customers with a current promo code opening a new first-time Bell Bank personal checking account following the closing of their mortgage. New customer may receive form 1099-MISC for any income they received from us. $50 minimum deposit to open. Promo code: MORTGAGE500. Bell Bank - Member FDIC. Employees of Bell Bank are not eligible for new account bonuses.
WE LOVE YOUR REFERRALS!
Referrals from my satisfied clients are a big part of my business. If you have friends or family who are interested in buying a home, we’d love you to send them my way, so we can help them find and finance their dream home.