NMLS# 1411041

Shannon Rice

Shannon has worked in the mortgage industry since 2011.

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Start your home purchase or refinance with Shannon.

Manage your loan journey right from your phone by downloading our app, LOOP.

• Apply for Pre-Approval
• Track your home loan progress
• Securely scan and submit documents
• Estimate monthly payments
• Contact your loan officer and real estate agent

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“Team Bergman was outstanding at helping us through our home mortgage process. They were there helping us through every step of the way. Everything went so smooth and timely” -M.E.S.

Shannon started her career in the mortgage industry in 2011 and she’s currently supporting Team Bergman in Birmingham.

You’ll connect with Shannon the most at the beginning of your home loan, when she’ll help you get your pre-approval and crunch numbers to estimate your monthly mortgage payment.

Shannon loves spending time with her rescue dog, Sadie. She dreams of visiting Croatia, so if you’ve ever been, she’d love to hear about your experience. Also, Shannon has played in a euchre league for five years, so if you’re ever looking to level up your euchre game – you know who to call!

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.

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!