Should younger Americans be discouraged at purchasing a home with Rick Allen of MortgageMarvel.com
Rick Allen, 20 year mortgage expert and Chief Operating Officer of MortgageMarvel.com, where you can get a closing fee accuracy gurantee and accurate mortgage rates online again joins Enterprise Radio. Rick discusses the benefit of using a site such as MortgageMarvel.com when shopping for a home and the results of an interesting poll.
Listen to host Eric Dye & guest Rick Allen discuss the following:
- Please remind our listeners what is Mortgage Marvel and the benefits of using a site such as Mortgage Marvel when searching for a home?
- Let us get into the survey results. The Federal Reserve Chairman Ben Bernanke just announced that the Federal Reserve might slow the pace of its bond-buying stimulus this year and mortgage rates have jumped dramatically. Based on your recent Harris Poll that shows younger Americans are still looking at purchasing a home, should they be discouraged?
- What are some other interesting findings of the survey?
- Would you say then that now is a good time to buy a home if you are in the market?
- Do you have any additional tips for those looking to purchase a home this year?
- Do you think rates will continue to go up or hold steady as we look into the remainder of the year?
- How would you characterize the mortgage market now in terms of accessibility for home loans compared with a year ago?
Rick Allen, Chief Operating Officer, MortgageMarvel.com
With more than 20 years of mortgage experience, Rick oversees Mortgage Marvel, an online service that provides mortgage seekers with hassle-free, accurate, real-time information about mortgage interest rates and closing costs. Rick constantly works to improve the Mortgage Marvel experience for consumers and to expand the number of lending institutions that engage with Mortgage Marvel. Before joining Mortgage Marvel, he supervised risk management, product development, acquisitions and online lending for the mortgage department of what is now TD Bank in Portland, Maine. Rick holds a bachelor’s degree in mathematics and computer science from Dickinson College.