Mortgage Do's And Don'ts
Mortgages can be tricky, and it's easy to make mistakes that can end up costing you dearly. That's why we've put together this list of Mortgage Do's and Do not's to help you navigate the process with ease - and a little bit of humor.
DO: Shop around for the best mortgage rates
DON'T: Assume your bank will give you the best rate just because you have a checking account there. Remember, loyalty is a two-way street.
DO: Have a budget in mind
DON'T: Get in over your head. Just because you can technically afford a million-dollar mansion doesn't mean you should buy one. You don't want to be house-poor and unable to afford groceries.
DO: Get pre-approved before house-hunting
.
DON'T: Assume you'll be approved for a mortgage just because you have good credit. Pre-approval is important because it gives you a better idea of how much house you can afford and shows sellers that you're serious.
.
DO: Consider your future plans
.
DON'T: Assume you'll live in your new house forever. Life happens, and you may need to sell sooner than you think. Make sure you're not getting into a mortgage that you can't realistically afford if you need to move in a few years.
DO: Get pre-approved before house-hunting
.
DON'T: Assume you'll be approved for a mortgage just because you have good credit. Pre-approval is important because it gives you a better idea of how much house you can afford and shows sellers that you're serious.
.
DO: Consider your future plans
.
DON'T: Assume you'll live in your new house forever. Life happens, and you may need to sell sooner than you think. Make sure you're not getting into a mortgage that you can't realistically afford if you need to move in a few years.
DO: Read the fine print
.
DON'T: Sign on the dotted line without reading the terms and conditions. There may be hidden fees or clauses that could come back to haunt you later.
.
DO: Be prepared for unexpected expenses
.
DON'T: Assume everything will go smoothly. There may be unforeseen expenses, like a leaky roof or a broken furnace, that can quickly drain your savings. Be sure to budget for these types of surprises.
DO: Read the fine print
.
DON'T: Sign on the dotted line without reading the terms and conditions. There may be hidden fees or clauses that could come back to haunt you later.
.
DO: Be prepared for unexpected expenses
.
DON'T: Assume everything will go smoothly. There may be unforeseen expenses, like a leaky roof or a broken furnace, that can quickly drain your savings. Be sure to budget for these types of surprises.
DO: Have a good sense of humor
.
DON'T: Take everything too seriously. Yes, buying a house and getting a mortgage can be stressful, but try to find the humor in the situation. After all, laughter is the best medicine for a stressful day.
.
By following these Mortgage Do's and Do not's, you'll be well on your way to successfully navigating the mortgage process - with a smile on your face. Good luck, and happy house hunting!
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🚀📉 “Is 2026 the Year of the Great Refinance Boom?” | Mortgage Rates, Equity & Opportunity 📈🏡
🚀📉 “Is 2026 the Year of the Great Refinance Boom?” | Mortgage Rates, Equity & Opportunity 📈🏡
🏦💸 “2026 Refinance Wave: Will Falling Mortgage Rates Spark a Historic Refi Boom?” 📉🔥
📉 Is 2026 the Year of the Great Refinance Boom?
Mortgage rates are finally breaking lower after years of volatility — and homeowners, investors, and business owners are all asking the same question:
Will 2026 be the year refinance demand surges again?
At Medallion Funds, we’re already seeing early indicators pointing to one of the strongest refinance cycles since 2020–2021. From rate cuts to improved liquidity, the market is shifting, and smart borrowers are preparing now instead of waiting.
Let’s break down what’s driving the momentum — and what it means for you.
🔥 1. Rates Are Drifting Lower After Years of Pain
After peaking in the 7–8% range, mortgage rates have steadily moved down as:
·The Federal Reserve signals continued rate cuts
·Inflation cools
·Debt markets regain liquidity
·Investors pile back into mortgage-backed securities
By mid-2026, many analysts project rates settling in the mid-5% range, with potential dips into the high-4s depending on market volatility.
For borrowers who locked in anytime between 2022–2024, this could be a massive opportunity to refinance.
🔥 2. Millions of Homeowners Will Finally Be “In the Money” to Refi
Between 2022 and 2024, buyers purchased homes at:
·Higher rates
·Record prices
·Significant payment pressure
As rates fall, these homeowners will enter the refinance sweet spot. According to national mortgage analytics, over 7 million borrowers could become eligible for a meaningful rate-reduction refinance by 2026.
For investors with DSCR loans, this also means:
·Higher cash flow
·Better DSCR
·The ability to pull cash out
·Stronger long-term hold metrics
🔥 3. Liquidity Is Returning Across All Lending Channels
We’re seeing:
·Banks re-entering the mortgage market
·Non-QM lenders expanding programs
·DSCR, bank-statement, and investor loan rates declining
·Commercial lending spreads tightening
With more lenders fighting for business, pricing becomes more competitive, creating the perfect environment for a refinance boom.
🔥 4. Home Values Are Still High — Unlocking Record Equity
Even with minor market corrections, nationwide home values remain near all-time highs.
This opens doors for:
·Cash-out refinances
·Investment portfolio refinancing
·Renovation loans
·Equity repositioning
Many investors will use 2026–2027 to restructure their balance sheets while values remain elevated.
🔥 5. Who Should Consider Refinancing in 2026?
Homebuyers who purchased from 2022–2024
They locked in during peak rates and can reduce payments dramatically.
Real estate investors
Improving DSCR = higher appraised loan amounts + stronger yield.
Self-employed borrowers
Bank-statement and asset-qualifying loans become cheaper.
Anyone planning a cash-out strategy
2026 may be the best window before the next rate cycle turns.
💡 Final Takeaway: Don’t Wait Until 2026 — Start Preparing Now
By the time the Fed announces additional cuts, the market will already be pricing them in.
Smart borrowers prepare early:
·Review your current mortgage
·Analyze payment savings
·Run DSCR improvement scenarios
·Get prequalified so you can lock quickly
·Understand timing and costs
If you want to be first in line when the refi window opens, Medallion Funds is already preparing clients for that shift.
If 2026 becomes the year of the Great Refinance Boom — those who prepare early will benefit the most.
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© 2023-2024 Bill Rapp, Medallion Funds LLC, Director of Capital Advisory
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🧮 Renovation ROI Calculator
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