In this episode, Madison Keenan of AnnieMac Home Mortgage discusses the challenges she is still facing in light of higher mortgage interest rates and multiple bids on existing homes on the market.
Overbidding has been an issue over the past few years, and while the mortgage interest rates were low, it was ok. But when higher rates make it harder for potential homebuyers to qualify for a loan program, overbidding just further compounds the qualification process.
Fobby Naghmi does his best to share his 28 years of experience with his co-host.
– Finding realtors that fit your marketing style
– Offering programs that other mortgage loan officers may not be offering
– Know that this will not last forever.
Great episode that deals with challenges so many loan officers are dealing with in 2022.