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Cody Hardridge | Mortgage Advisor

@chardridge

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Helping homeowners and mortgage professionals unlock 🔐 their potential 💪 through inspiration and mentorship!
Neo Home Loans
NMLS 329626

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A lower purchase price can feel like the obvious win. But for some buyers, keeping more cash available at closing may matter more.

Seller-paid closing costs can potentially help preserve savings for moving expenses, repairs, furnishings, or simply having more breathing room after the keys are handed over.

The right structure depends on the buyer's financing, the property, the offer strategy, and what matters most to them financially.

Before negotiating only on price, I like to look at the full picture with the Realtor and buyer.

Sometimes the strongest offer strategy is the one that leaves the buyer in a better position after closing, not just with a lower number on the contract.

#HomeBuyingStrategy #RealtorPartners by @chardridge

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3 hours ago

There's a point in a lot of move-up conversations where everything gets a little fuzzy...

You can picture the next house just fine. It's the part between this house and that house that gets complicated.

What if ours sells first? What if we find something first? How close can the timing actually get? What would either option mean financially?

Those aren't little details. They're often the exact questions keeping someone from seriously considering a move.

And asking them doesn't mean you've decided to sell or buy anything.

Sometimes you just need to understand what the path could look like before deciding whether you want to take it.

Know someone who's been saying "maybe someday" about their next move? This might be worth sending their way.

#MoveUpBuyer #HomeownerTips #HomebuyingQuestions #SuccessfulHomeownership by @chardridge

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3 days ago

You can be completely ready for a different home and still have no idea how you're supposed to get from this one to the next one.

That's pretty normal. (eeek!)

For some homeowners, selling first makes the most sense. For others, buying first may be worth exploring. Sometimes the conversation is about how closely the two moves could be coordinated.

Before deciding, I'd want to look at things like your current home, available cash, monthly comfort, timing and what you want the next move to accomplish.

That's why I like mapping out the options before the house hunting gets serious.

If this is the part that has you stuck, message me KEYS. I can walk you through the Two-Key Plan and help you understand what paths may be worth considering.

#MoveUpBuyer #Homeownership #MortgagePlanning #MortgageAdvisor by @chardridge

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5 days ago

"We love our house... we just don't fit in it anymore..."

I hear some version of that pretty often, believe it or not.
And usually the next sentence is, "But what are we supposed to do first?"

That's where people can get stuck.

Sell first and you may wonder where you'll live while you shop. Buy first and now you're thinking about how the timing and finances could work. Try to line everything up together and... yeah, that can feel like a lot too.

I have found what helps families flush out this noise in their head... is by guiding them through the different paths and figuring out which one actually makes more sense for their situation, their comfort level and the life they're trying to move into.

If somebody you know keeps saying, "We'd move if we could just figure out the in-between part," just send this to them.

Sometimes seeing the options (with real numbers showing the good, bad, and ugly as well as total cost over time) is exactly the clarity needed to make the smartest decision for YOU!! (not me).

#MoveUpBuyer #Homebuying #Homeownership #MortgageAdvisor by @chardridge

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7 days ago

A lower rate can help, but it's only one part of the homebuying decision.

Purchase price, property taxes, insurance, HOA costs, cash needed at closing, and the savings you want to keep afterward can all shape what owning a particular home actually feels like financially.

Rather than focusing on one number, I like to help buyers look at the full picture.

The better question is often: "Which option fits the way I want to live after I get the keys?"

#HomeBuyingTips #MortgageEducation by @chardridge

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10 days ago

If you've built equity in your home, accessing it doesn't always mean replacing your current mortgage.

Depending on your situation, options such as a home equity loan or HELOC may allow you to tap into a portion of that equity while keeping your existing first mortgage in place.

The important question is how the new financing fits with your cash flow, goals, costs, and current mortgage.

A thoughtful review can help you understand the trade-offs before deciding whether accessing equity makes sense for you.

#HomeEquity #SuccessfulHomeownership by @chardridge

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12 days ago

Most of these are completely normal financial decisions… UNLESS you're also trying to close on a 🏡 home before year-end, as the timing can matter.

Financing a car, opening a credit card, carrying a larger balance, co-signing, moving money around, or paying off debt can sometimes change how your mortgage file is evaluated.

That doesn't mean you need to put your life on hold... It just means I'd rather look at the decision with you before you make it. 🤝

If December is the goal, send us the "can I do this?" text first.

Sometimes it changes nothing. Sometimes there's a better way to handle it.

That kind of guidance is part of the job too. ♾️

#NEOHomeLoans #HomeForTheHolidays by @chardridge

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14 days ago

A lot of homeowners are sitting on mortgages they understandably don't want to give up.

So when a new financial need comes up, the conversation often ends before it begins:

"My rate is too low. Refinancing doesn't make sense."

That may ultimately be true. But I wouldn't make the rate the first question.

Instead,
- What are you actually trying to accomplish?
- Maybe you're considering a renovation.
- Maybe you're carrying other debt.
- Maybe you're helping a child with college or thinking about another property.
- Maybe you're wanting to accelerate your wealth by unlocking trapped equity.
- Maybe nothing needs to change at all.

Those are ALL very different situations and without a guided review, how could any homeowner clearly understand their best option on their own let alone make the time to review it?

Lately, we've had more and more who are choosing to preserve an existing first mortgage while evaluating other ways of accessing equity rather than automatically replacing the entire loan.

Now - that doesn't mean a HELOC, second mortgage, cash-out refinance, or any other strategy is automatically the right answer, but it could mean the guided conversation with a true professional is worth having.

Sometimes we find something worth exploring. Sometimes the best outcome is confirming that the mortgage you already have still fits beautifully.

Either way, you know why… and to me, that's what being a successful homeowner should feel like.

#Homeowners #HomeEquity #MortgageReview #SuccessfulHomeownership by @chardridge

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17 days ago

For us, getting preapproved doesn't finish the financing conversation… It actually just starts it for the next 30+ years.

Here's an easy example of what I mean just during the home shopping phase: Imagine you're comparing 2 homes at roughly the same price (~ $500K). One has higher property taxes. The other has an HOA.

One seller may be willing to contribute toward allowable closing costs. Another property may need repairs or carry a different insurance expense.

Suddenly, 2 homes with similar asking prices can create very different monthly and upfront financial experiences.

That matters even more when the cost to borrow (interest rates) are higher.

When rates are low, people can sometimes overlook a few differences in the transaction… BUT, when affordability is tighter, the details get more attention.

That's why I like revisiting the numbers before any offer is ever written rather than relying on the assumptions we made at preapproval.

As every home could change the plan per your short and long term goals.

And tbh, that's the part that makes us different and why top agents refer their clients to us.

Most just expect the lender to help secure the loan and close on time. The NEO way does that AND creates successful homeowners as our financial experience and commitment to you which comes long after the closing. So you don't carry this debt alone.

If you are curious about what you qualify for as well as if you should buy (or refinance) in today's market then let's start with a clarity call.

No credit pull, no application, just clarity on what's in your head.

#HomeBuyers #MortgageAdvisor #RealEstateStrategy #Homeownership by @chardridge

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19 days ago

Most buyers I talk with are watching 1️⃣ number right now… the mortgage rate 📈

Which is completely understandable. BUT - sellers are watching something different.

- How long has the home been sitting?
- How many buyers are still looking?
- What will it take to get a serious offer?

That's where this 🍂 fall market gets interesting.

Recent national data shows more homes available, less competition than peak season, and seller concessions becoming more common. None of that makes today's mortgage rates any less, but it does change the conversation giving buyers more leverage and creating a lower interest rate if you have the right team negotiating for you.

We help buyers and agents evaluate in an easy to u destined way what their best strategy is based on their goals and total cost over time… comparing things like purchase price, closing costs, repairs, seller concessions, or other parts of the transaction that used to be much harder to negotiate when multiple buyers were competing for the same home.

If you'd like to pre-plan without the worry of a credit pull or completion of a loan app… then let's chat. Shoot me a message and we'll be happy to help!

#HomeBuying #MortgageStrategy #RealEstate #Homeownership by @chardridge

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21 days ago

One question I think deserves more attention when Realtors evaluate a mortgage partner is: ➡️ What happens to a client after closing?

Don't get me wrong… the actual transaction matters (meaning the proactive communication, preparation and execution all matter)… BUT the relationship your client experiences afterward matters too.

That's why we have a dedicated "Client Success Manager" on the team where this is their only focus (post closing client success) bc to us, it's that valuable.

After closing, our clients continue to have support for servicing questions, escrow, insurance, annual reviews and the other homeownership questions that tend to appear once real life settles in.

And yes, I'm still very much part of the relationship… but have found when you have position on a team that people LOVE and can make it their only priority… well it gets done at a much higher level than me trying to do every job on my own (^insert failure sound bite^) lol.

For Realtor partners, I think that matters because every referral carries a little bit of your reputation with it… don't ya think?

I want the people you introduce to me to feel cared for during the purchase and long after it is complete. That's the kind of partnerships I'm interested in building anyways.

#RealtorPartners #SuccessfulHomeownership by @chardridge

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24 days ago

If you're a physician or medical professional, your path to homeownership may look a little different.

Certain financing options are designed with the realities of medical careers in mind, which can create more flexibility depending on your situation.

The right place to start is not with a loan product.

It's with a conversation about your goals, savings, monthly comfort, and what you want homeownership to look like beyond closing.

#PhysicianHomeLoans #HomebuyingEducation by @chardridge

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a month ago