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The Impact of Gender and Race on Mortgage Approval Rates

July 1, 2025 by Kay Monigold

The mortgage approval process is a critical step in the path to homeownership. While lending guidelines are designed to promote fair and consistent evaluation, studies have shown that disparities persist based on gender and race. These differences raise important concerns about equal access to credit and the long-term effects on wealth building, community development, and financial equity in the United States.

Filed Under: Mortgage Tagged With: Fair Lending, Homeownership Access, Mortgage Equity

What’s Ahead For Mortgage Rates This Week – June 30th, 2025

June 30, 2025 by Kay Monigold

With the passing of the previous busy weeks of rate decisions, this week features the Federal Reserve's preferred inflation report in the PCE Index, which has shown that inflation has come in hotter than expected for the month of May. This likely cements the Federal Reserve's decision to take no action until later and further confirming most economists' predictions. The consumer confidence has also taken a hit as it has further declined again for the month of May, indicating there is still significant apprehension within the markets and consumers alike. This is accompanied by Consumer Spending data, which met expectations, as many consumers had already begun pulling back on spending in response to tariff policies before many of those measures were paused.

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

From Pre-Approval to Closing What to Expect in the Mortgage Journey

June 27, 2025 by Kay Monigold

June is National Homeownership Month, making it the perfect time to understand the full path to homeownership. If you are planning to buy a home, especially for the first time, knowing what to expect during the mortgage process can take away much of the stress. This guide walks you through each step and highlights how working with the right mortgage professional keeps everything on track.

Filed Under: Mortgage Tagged With: Mortgage Journey, National Homeownership Month, Pre-Approval To Closing

How HomeReady and Home Possible Mortgages Open Doors During National Homeownership Month

June 26, 2025 by Kay Monigold

June is National Homeownership Month, a time to spotlight the programs that make owning a home more accessible to more people. While many potential buyers believe they need perfect credit or a large down payment, programs like HomeReady(R) and Home Possible(R) prove otherwise. As a mortgage originator, I see firsthand how these affordable loan options can turn homeownership from a dream into a reality.

Filed Under: Mortgage Tagged With: Home Possible Loan, Home Ready Loan, National Homeownership Month

How Homeownership Builds Generational Wealth – A Message for National Homeownership Month

June 25, 2025 by Kay Monigold

June is National Homeownership Month, a time to celebrate the lasting impact that owning a home can have on individuals and families. One of the most powerful benefits of homeownership is the ability to build equity. As you make mortgage payments, you are gradually increasing your ownership stake in the property. This equity becomes a form of forced savings and can be used in the future for things like education, home improvements, or retirement. Unlike rent, which builds no future value, mortgage payments create wealth over time.

Filed Under: Mortgage Tips Tagged With: Family Legacy, Generational Wealth, National Homeownership Month

Renting vs. Owning the National Homeownership Month Edition

June 24, 2025 by Kay Monigold

June is National Homeownership Month and there is no better time to look at the long-term financial benefits of owning a home compared to renting. As a mortgage professional, I often speak with clients who are unsure whether to keep renting or make the leap into homeownership. The decision can feel overwhelming, but when you break down the numbers and look at the bigger picture, the advantages of buying a home are clear.

Filed Under: Mortgage Tips Tagged With: Homeownership Matters, National Homeownership Month, Rent vs Own

What’s Ahead For Mortgage Rates This Week – June 23rd, 2025

June 23, 2025 by Kay Monigold

With the passing of the FOMC rate decision, it has become clear that the Federal Reserve is taking a wait-and-see approach to the current situation regarding tariff policies. Although the vast majority of economists around the world have made predictions about what lies ahead, the effects have not yet been pronounced. Many of the recent tariff changes have also been revoked or put on pause for the largest industries, leaving many markets uncertain about the future. The key takeaway is that conditions will likely remain steady for now. The only other data release offering insight into what's to come is the notable decline in U.S. retail sales, reflecting a reduction in consumer activity.

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

The Top 5 Mortgage Myths Debunked for National Homeownership Month

June 20, 2025 by Kay Monigold

June is National Homeownership Month, a time to shine a spotlight on the opportunities and advantages of owning a home. It is also the perfect moment to clear up some of the most common myths that hold people back from pursuing a mortgage. Many potential buyers delay their homeownership dreams because of outdated beliefs or misinformation. Let's break down the top five myths and explain what is really true in today's mortgage world.

Filed Under: Homebuyer Tips Tagged With: Homeownership Truths, Mortgage Education, Mortgage Myths

How to Build Credit For a Mortgage Starting This National Homeownership Month

June 19, 2025 by Kay Monigold

June is National Homeownership Month, a time to celebrate the dream of owning a home and offer guidance to those preparing to take that important step. One of the most impactful things you can do right now is to begin building or improving your credit. If you plan to purchase a home in the next 6 to 12 months, the work you do today could make a major difference in the loan terms you receive later.

Filed Under: Homeowner Tips Tagged With: Build Your Credit, First Time Home Buyer, Home Buying Goals

Celebrating National Homeownership Month and How First-Time Buyer Programs Make It Possible

June 18, 2025 by Kay Monigold

June is National Homeownership Month, a time to celebrate the dream of owning a home and spotlight the many programs designed to help first-time buyers turn that dream into reality. For many Americans, the biggest challenge to buying a home is coming up with the funds for a down payment or qualifying for a loan. Fortunately, there are a wide variety of mortgage options and assistance programs available to make homeownership more achievable.

Filed Under: Home Buyer Tips Tagged With: First Time Buyer, Homeownership Dream, National Homeownership Month

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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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