Ritter Mortgage Group, Inc.

Let's talk about REAL mortgage rates, shall we? What Are Mortgage Rates? Think of them as the "cost" of borrowing money to buy a house. PS - Banks charge more interest than they pay you—that's how they make money! Now, What Is Inflation? Inflation is like a shrinking potion for money. When it's high, money's value goes down. How Does Inflation Destroy Your Mortgage Debt? When you pay back your mortgage, you're using "shrunken" money! The Secret Formula: Inflation-Adjusted Rate Fancy term, but it's simple! Subtract the current inflation rate from your mortgage rate. - Example: If your mortgage rate is 7% and inflation is 2.75%, your real rate is 4.25%. Why Does This Matter? Even if mortgage rates seem high today, the adjusted "real" cost might be lower than the number you see and for most, who lock in a 30-year term, your fixed mortgage payment will remain the same (versus unexpected rent increases) at a time when your income usually also increases. Curious to learn more? Just shoot us a DM and we'll be happy to run an analysis for you! #HomeBuyingTips #SmartMoneyMoves #RealEstate101 #WestminsterMDHomeLoans #MarylandHomeLoans #Baltimore #SD #LaLolla #D.C. #Annapolis #St.Augustine #FLState #Jacksonvile #SanFran #SanFransico #Marin #BayArea #Austin #Longhorns #Texas #Houston #Ft.Lauderdale #RitterHomeLoans #RitterMortgage #RelyOnRitter #PeopleFocusedLending #NMLS1436890 #NMLS210106

Buying your first home can be confusing, especially when it comes to your first mortgage. But don't worry—we're here to help! With our expert advice just a click or call away, you'll have the knowledge and support you need to tackle this milestone with confidence. Let's make your first homebuying experience a smooth and successful one! #FirstTimeHomeBuyer #MortgageAdvice #HomeBuyingJourney #ExpertSupport #ConfidentHomeBuying #WestminsterMDHomeLoans #MarylandHomeLoans #Baltimore #SD #LaLolla #D.C. #Annapolis #St.Augustine #FLState #Jacksonvile #SanFran #SanFransico #Marin #BayArea #Austin #Longhorns #Texas #Houston #Ft.Lauderdale #RitterHomeLoans #RitterMortgage #RelyOnRitter #PeopleFocusedLending #NMLS1436890 #NMLS210106

Facing bankruptcy can be challenging, but it's not the end of your financial journey. If you're looking to rebuild your credit, here are some important steps to take: Review Your Credit Report: Understand where you stand and identify any errors. Create a Budget: Track your income and expenses to manage your finances better. Pay Bills on Time: Consistently paying bills on time is crucial for rebuilding credit. Consider a Secured Credit Card: Use it responsibly to start improving your credit score. Avoid New Debt: Focus on paying down existing debt before taking on new credit. Rebuilding credit takes time and effort, but every positive step brings you closer to financial recovery. You've got this! Save these tips for later and remember, we're here to help if you need guidance. #CreditRecovery #FinancialTips #RebuildCredit #FinancialJourney #YouGotThis #Support #RitterHomeLoans #RitterMortgage #RelyOnRitter #PeopleFocusedLending #NMLS1436890 #NMLS210106

Great news for first-time buyers with small deposits! There are now more 95% mortgages on the market than at any point in the past two years, providing a boost for those looking to buy their first home with a smaller deposit. There also are 3% or less options and down payment assistance available. This surge in low-deposit deals shows confidence returning to the mortgage market, despite rates remaining high. Want to learn more about current mortgage rates and how saving a slightly bigger deposit can cut your repayments? Reach out for a full cost/benefit analysis and start your journey to homeownership today! #FirstTimeHomeBuyer #MortgageRates #HomeBuyingTips #LowDeposit #RealEstateNews #MortgageAdvice #DreamHome #WestminsterMDHomeLoans #MarylandHomeLoans #Baltimore #SD #LaLolla #D.C. #Annapolis #St.Augustine #FLState #Jacksonvile #SanFran #SanFransico #Marin #BayArea #Austin #Longhorns #Texas #Houston #Ft.Lauderdale #RitterHomeLoans #RitterMortgage #RelyOnRitter #PeopleFocusedLending #NMLS1436890 #NMLS210106

Our approach is unique because we prioritize a holistic financial perspective. We take the time to understand each family's goals in real estate and finance. This personalized attention allows us to intentionally help more families achieve their dreams. Experience the difference with our tailored process—designed with your success in mind. #HolisticFinance #ClientFocused #RealEstateGoals #MortgageProcess #AchieveYourDreams #WestminsterMDHomeLoans #MarylandHomeLoans #Baltimore #SD #LaLolla #D.C. #Annapolis #St.Augustine #FLState #Jacksonvile #SanFran #SanFransico #Marin #BayArea #Austin #Longhorns #Texas #Houston #Ft.Lauderdale #RitterHomeLoans #RitterMortgage #RelyOnRitter #PeopleFocusedLending #NMLS1436890 #NMLS210106

Considering Selling Your Home Without an Agent? Think twice before taking on this challenge alone. Without an agent, you might miss out on essential benefits like: Advanced Marketing Tools: Reach more potential buyers with professional marketing strategies. Expert Pricing: Get the best price with accurate market analysis. Skilled Negotiation: Benefit from top-notch negotiation skills to secure the best deal. Handling the Fine Print: Navigate the complex paperwork with ease. Why take on all that stress by yourself? Let's connect and ensure you have the professional support you need for a smooth and successful sale. #HomeSelling #MortgagePartner #MortgageProfessional #LocalLender #RealEstateAdvice #ProfessionalSupport #SellWithConfidence #RitterHomeLoans #RitterMortgage #RelyOnRitter #PeopleFocusedLending #NMLS1436890 #NMLS210106

Why are more Gen Zers buying homes with friends? As housing prices rise and affordability becomes a challenge, many are teaming up to achieve their homeownership dreams. Buying with friends can make it easier to afford a down payment and share expenses. But - there needs to be a strategy for this! If you are a GenZ'er or a parent of one, please send them this post so we can chat about this option further! #GenZ #HomeBuying #RealEstateTrends #FriendsWhoBuyTogether #HomeOwnership #RitterHomeLoans #RitterMortgage #RelyOnRitter #PeopleFocusedLending #NMLS1436890 #NMLS210106

We're so glad the videos helped!🙂 #RitterHomeLoans #RitterMortgage #RelyOnRitter #PeopleFocusedLending #NMLS1436890 #NMLS210106

Currently seeking tired renters... who do you know? It's time to say goodbye to rent hikes and hello to homeownership! Share this post with someone who's ready for a change. #TiredRenters #Homeownership #ByeLandlord #RealEstate #FindYourHomem #RitterHomeLoans #RitterMortgage #RelyOnRitter #PeopleFocusedLending #NMLS1436890 #NMLS210106

What's Happening with Inflation? In June, the Consumer Price Index (CPI) dropped by 0.1% from the month before and went up by 3% over the past year. This is slower than in May, which had no change month-to-month and a 3.3% yearly increase. These numbers were better than what experts expected, who thought there would be a 0.1% monthly increase and a 3.1% yearly rise. This is the first time since May 2020 that the monthly CPI has decreased. It's also the slowest yearly increase in prices since March 2021. Even though inflation has been higher than the Federal Reserve's 2% target, recent data suggests that the central bank might think about lowering interest rates sooner. Want to know how these changes might affect you? Reach out to us for more information and advice! #InflationUpdate #EconomicTrends #FinancialEducation #MortgageAdvice #ConsumerPriceIndex #RitterHomeLoans #RitterMortgage #RelyOnRitter #PeopleFocusedLending #NMLS1436890 #NMLS210106