Avenue Mortgage, LLC

NMLS #1115220

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AVENUE MORTGAGE, LLC
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Why a Shared Well Can Complicate a Mortgage Approval

November 3, 2026 by Kay Monigold

Buying a home with a private well can feel straightforward until you discover that the water source is shared with a neighboring property. Shared wells are common in some rural and semi-rural communities, but they can introduce questions that buyers of homes with municipal water may never encounter. A lender may need to understand not just whether the water works today, but whether the property has a dependable legal right to use it in the future.

Filed Under: Mortgage Tips Tagged With: Home Buying, Mortgage Approval, Mortgage Tips

What’s Ahead For Mortgage Rates This Week – November 2nd, 2026

November 2, 2026 by Kay Monigold

The FOMC rate decision has been announced, and the Federal Reserve has decided to keep interest rates unchanged. In a press statement, the Federal Reserve stated that inflation risks have eased in recent months.

Filed Under: Financial Reports Tagged With: Financial Report, Jobless Claims, Mortgage Rates

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Our Team

Kay MonigoldKay Monigold
Owner/Mortgage Broker/Residential Mortgage Loan Originator
NMLS#1086176

Steven LoweSteven P Lowe, Sr
Residential Mortgage Loan Originator
NMLS #1085638

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100 Independence Place, Ste. 308
Tyler, TX 75703
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