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rob.downs.mtg

@rob.downs.mtg

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Mortgage Banker, NMLS 1480437.
Humbly serving the Atlanta metro area, AL, AR, CO, DE, FL, GA, KY, LA, MD, MS, NC, PA, SC, TN, TX, VA, WV.

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Want to buy a $430k house for next to no cash? She did! We actually had to refund most all of her earnest money deposit back. ❤️ by @rob.downs.mtg

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4 months ago

10 Years | $350 Million | 800 Homes. They’re just numbers. But behind the numbers are the people and families that put their trust in me to help buy their home. A trust I take very seriously and continue to be incredibly grateful for.

I am the worst at selling myself in this business. Probably because I despise salespeople myself. My growth has been organic, the way I like it. I don’t want to be the biggest, but I do my best to be the best at what I do.

So all that said, I’ll go against my better judgement and take the rare opportunity to say… if you need a lender that takes the time to understand your goals and put you in the best position to confidently buy, can do those 14 day closings with waived contingencies that are sometimes needed, and have many more loan programs with typically much better terms than most lenders offer, it would be an absolute pleasure to help you. ❤️
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#lender #georgialender #mortgagelender #bestmortgagerates #homebuyer by @rob.downs.mtg

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4 months ago

JUST ANNOUNCED! New Conventional conforming loan limit increased to $806,520. What the heck does that mean?! It increases the loan amount you can go up to while avoiding a “jumbo” loan. The biggest advantage is lower down payment and in some cases more streamlined underwriting with less required documentation.
#homebuying #financing #jumboloan #mortgage #homefinancing #homelending #loanlimit #nonjumbo #conventionalloan #loanlimit by @rob.downs.mtg

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2 years ago

I haven’t had the time to attend many closings of late (solving that problem soon!), but I sure love when I can! Look at those smiles! #mortgage #atlanta #homebuying #lender #mortgagelender #happy #homebuyer #newhome by @rob.downs.mtg

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2 years ago

Let’s talk refinancing. Just had a client reach out saying they are thinking of refinancing b/c they were solicited by other lenders showing considerable savings. Now... this borrower is comfortably making their payment and doesn’t NEED to refi. They simply see that rates have reduced by about 1% or so from their highs and would of course love to save some money. And that seems smart - but...
Here’s the unknown truth. Most lenders would LOVE you to refinance ASAP. Why? So they can make more money off of you! It increases the odds they could refi you again. And possibly again, as rates continue to drop. Lenders can then make 3x the amount off of you while you’re paying for multiple refis with equity in your home or cash.
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Now, no one can guarantee what rates will do over the coming months - especially after last year’s big head fake on inflation - however, a lender with a fiduciary responsibility to their clients would price the refi, show the savings, but also make sure they’re aware that if rates drop further, they’ll likely be in position to refinance again which would incur additional costs. That allows them to make an informed decision on whether it’s worthwhile to capture the current savings with the increased risk/opportunity of incurring future refi costs... or, if they’re comfortable waiting until rates drop further to capture the most savings only incurring the costs of refinancing once.
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To be clear though, there are perfectly good reasons to refi sooner - for example, cashing out equity to payoff much higher interest debt. But if we’re talking about simply refinancing your current mortgage balance, you should discuss it with someone that has your best interests in mind, not theirs.
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Most lenders had a very tough year last year and are champing at the bit to make a ton of money on refis this year!
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If you want to kick the tires on it smartly, so you can make the very best financial decision for yourself, I’m here for you!
#refi #refinance #lowerrate #mortgagerefi #loanrefi #mortgageloan #mortgagerefinance #shouldirefi #refinanceloan #lowestrate #bestrate #mortgagelending #mortgagerates by @rob.downs.mtg

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3 years ago

In a very tough year, it was one of my absolute best - not just in business, but more importantly in life! Numbers are one thing - lives changed are another. It is humbling and heart-filling to have the pleasure to help make dreams come true.

To my business partners - we know this market is primarily being driven by rates, inventory, and affordability. While we can’t control inventory, we can allow our buyers access to better loan programs and rates that allow them to buy more affordably. Everyone has “their three” lenders they refer - and there are a handful of great ones - but lenders can only provide what they have to offer and fortunately, we have loan products that just can’t be touched. I highly value the Realtors and referral partners that took advantage of our offerings to allow more homebuyers to purchase affordably, sooner, and am incredibly grateful for your trust! ❤️ And shoutout to my amazing loan partner @kayenickell 🙌🏼

And the 🍒 on top is being able to have the balance and make the time for beautiful moments with family and achieving some personal goals along the way. Trips to London, NYC, and road tripping out to Denver were big highlights with the family. On the personal front, I conquered my big goal of completing the Leadville 100 mile MTB race and rode over 7k miles last year. Bigger challenges are in store for this year. Allez! Allez! Allez! by @rob.downs.mtg

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3 years ago

Shout out to the smart, go-getter Realtors that know a great rate and loan product when they see it and aren’t afraid to share it! Want your phone to blow-up too? Let’s chat!
#0downpayment #nopmi #mortgage #atlantamortgage #affordablemortgage #homeloan #downpaymentassistance by @rob.downs.mtg

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3 years ago

It’s Fed Day! The Fed announced they expect *their* funding rate to be 4.60% by the end of 2024 - down from a previously projected 5.10%. But what does that mean for homebuyers?
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The Fed funding rate is a tool to control the economy. Economy too hot? They increase the rate. Too cool? They decrease it. A projected lower rate means they see the economy cooling sooner than expected. A cooler economy = lower inflation, and lower inflation = lower mortgage rates.
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As you’ve likely now seen many others correctly commenting, lower rates will increase buyer demand and put upward pressure on home prices, at least in our exceptionally strong market. The *only* way we don’t see that is if there’s a deeper recession that has buyers fearing job loss. I, and people way smarter than I, don’t see that happening.
#federalreserve #inflation #mortgagerates #mortgage #atlantahome #georgiamortgage #affordability #jpowellrealestate #jpowell #fedchair by @rob.downs.mtg

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3 years ago

What do these 36 homes have in common? They were all purchased this year for 0% down and no PMI at lower than conventional rates! Many others chose to put more cash down and still pick up the benefit of a lower payment through lower rates and no PMI. Interested in seeing what you qualify for - HMU!
#atlantahomes #atlantamortgage #atlantahousing #homebuying #georgiarealestate #atlantarealestate #affordability #affordablehome #mortgage #zerodown #nodownpayment #atlantalender #cra 36 homes purchased in 2023 with no down payment and no PMI. by @rob.downs.mtg

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3 years ago

3 Reasons why this 1st week of December could be the BEST weekend to shop for a house!
1. It’s rainy so less buyers (your competition) are out shopping. Some people let a little rain get in the way of their dreams. 🤷🏻‍♂️
2. Less buyers = stronger ability to negotiate seller concessions to potentially save you thousands.
3. If you buy before the end of the year, you are eligible for homestead exemption on your property taxes, saving you even more!
While inventory remains tight, there may be homes out there within your budget that could be had for significant savings in this market.
Contact me if you’d like to see what *YOU* could afford!
#atlanta #homebuying #atlantahomes #homeshopping #realestate #buildeealthwithrealestate #buildwealth #affordability #mortgage #homelending #realtorlife #homebuyingtips taken in Atlanta, Georgia by @rob.downs.mtg

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3 years ago

REALTORS & Homebuyers: Yellow = No Income Limit for 0% Down, No PMI! And at significantly lower than conventional rates. HMU for deets. #mortgage #affordability #lending #mortgagelending #cra #finance #communitylending #mortgagelender #mortgagerates by @rob.downs.mtg

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3 years ago

Lower rates today! BIG miss in CPI will provide considerably lower rates today. Get at me or your lender to reprice what you can do to take advantage. #mortgage #rates #mortgagerates #homebuying #finance #lowrates #lowestrates #lending #affordability #mortgagehelp by @rob.downs.mtg

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3 years ago