Patrick Pound

Patrick’s #1 goal for his clients is that they understand the mortgage process inside and out.

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“Patrick was extremely professional, honest, and a pleasure to work with. He got us a great rate, and was there to help us out whenever we had a question. Patrick was so great helping us with the purchase of our new home, we also used his expertise when we refinanced a year later. The best in the biz!” -M.

Patrick likes to really get to know his clients and their specific goals, so he can put the best plan in place to make them happen quickly and smoothly.

Patrick’s first job out of college was working as a mortgage loan consultant for two years. He left the industry, but found his way back five years ago. What he loves most about his role is the people as Patrick shared, “I love building relationships and helping others.”

Patrick works to get the full picture of his clients’ wants, needs and goals. “This helps to determine the amount they should shop for, and which product will suit them best if they are buying.”

If they are refinancing, Patrick enjoys helping his clients analyze their current mortgage and debts to see if it makes sense for a rate and term refinance, or if it would make sense to take cash out to pay down high interest debt.

He makes sure to keep his clients updated at all times, so there are no surprises. Patrick’s clients will find that he likes to overdeliver on expectations.

In his spare time, you will find Patrick spending time with his wife, daughter and their families. He also loves playing golf with his friends.

Mortgage Info & Updates

mortgage-updates

Recent global news has caused significant market volatility, leading to fluctuations in interest rates. Several factors will influence rates leading up to the mid-September Fed meeting, including upcoming inflation news and two more employment reports. Market expectations regarding the Fed's rate decisions will already be built into the market by mid-September, impacting rates accordingly.

In the latest update regarding the NAR Settlement and it's effects, we have great news for first-time buyers; Fannie Mae, Freddie Mac, and FHA have now confirmed that seller paid commissions will not be counted into the maximum allowed for interested party contributions. We are still awaiting key details from the VA, and will remain diligent as new information unfolds.

Despite initial confusion, buyers' agents can still receive compensation from sellers, commission just can’t be offered through the MLS. Ensuring all parties are well-represented will be crucial to smoother transactions in this new market.

We're looking for an experienced Marketing Manager s great at developing project timelines, strategizing creative campaigns and crafting mortgage-based copy and messaging.

Today we're dismantling the misconceptions on mortgage insurance and sharing more about how it can be a tool that accelerates a buyer's ability to purchase and own home. Mortgage insurance is a type of insurance typically required by lenders when a borrower puts down less than 20% of the home's purchase price. It's usually paid as a monthly premium that's added to the borrower's mortgage payment.

Interest rates remain the same as inflation data came in as expected earlier today. Rates are still in that high 6, low 7% range. Buyers, be prepared with a pre-approval so you can act quickly when you find the right home.

When there's uncertainty, the best thing for a homebuyer to do is be prepared and ready. With many varying projections about mortgage interest rates, the smartest move is to be proactive and get pre-approved, so buyers can act fast.

Yesterday’s Consumer Price Index Results Were Slightly Lower Than Expected. With the Overall CPI at 3%, we've seen rates come down yesterday and it's trending that way today, too. Great news for housing!

Rates are in the Upper-6s As We Move into a Busy Weekend of Open Houses.

Fannie Mae Shares Results Ranking Important Factors of Living "The Good Life.” 3 of the top 6 factors are housing-related in what participants found to be important when considering the life they'd like to have. The dream of homeownership continues to be strong. Begin your journey by getting pre-approved. Homebuyers, we can help!

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