What would happen if a team walked onto a field without a goalie, a shortstop, or a center? That’s how valuable a mortgage expert can be for a homebuyer. We all can use someone to ease the financial pressures of achieving or maintaining our goals of homeownership, but having the right professional can feel like playing alongside Andre Blake, Trea Turner, or Jason Kelce.

Founded in 2001 and located in Warminster, PA, Global Mortgage, Inc. is licensed in Pennsylvania, New Jersey, Delaware, and Florida. “We assist clients on credit enhancement, program flexibility, and education,” Global Mortgage President James George said. “Whether it’s a purchase or refinance transaction, our brokerage has options to assist all types of clients.”

For the past several years, homebuyers (I was one of them) found themselves competing for overpriced homes with many upkeep items and rates that were stretching their budgets. That may have created a belief that maintaining homeownership is out of reach. According to George, the time may be now to act. The latest rate drop has made it easier for owners to lower their rate or even cash out to consolidate debt or make that home improvement they’ve been waiting to start.

For potential homebuyers, many who are waiting to build a 20% down payment on a conventional loan, the fear of record high prices may be keeping them from fulfilling their goals of ownership. Yet even in this market, buyers can still find solutions. “The challenge to save 20% plus closing costs can end up costing the client money,” George said. “Homes have increased 10% in price year after year, and it’s difficult to save at that rate. We offer numerous 3% down programs and even 100% financing options to assist the client in obtaining the house at a price now rather than watch the prices continue to increase.”

Potential homeowners can feel better knowing how a mortgage broker helps them acquire their dream home. With the process of homebuying affected by the recent NAR settlement and buyers on the hook for agent commissions, one positive is that George doesn’t see a big difference in the way buyers close. “Many of our transactions remain somewhat unchanged. There are options for rate credits when these situations arise.”

This means homebuyers can still trust the experience a valuable team member provides when the game is on the line.

The current market has been difficult for young homebuyers. Whether a lack of savings, mounting student loan and credit card debt, or the increasing cost of groceries, additional monthly expenses affect debt ratios and ultimately buying power. But before parents worry about their twenty-something year old children and their families moving back in, George and his team recognize new trends. “The younger buyers are looking at multi-unit homes to share the cost of mortgage debt, and several clients are purchasing a home with friends or family members to get started in the market.” While building equity through a partnership can help homebuyers achieve similar end results, Global Mortgage does offer grants and specialty programs to allow younger buyers to focus on lowering debts rather than runaway mortgage payments.

Despite the changes in the industry over the past several years, owning a home is still a stable investment and a dream worth pursuing. With the right teammates, current owners can avoid feeling bogged down by house expenses, and potential homebuyers can be a champion of the process.

Visit www.globalmortgageteam.net to achieve your homeownership goals today. For additional tips, Global Mortgage also posts a blog with invaluable information.