Recent Posts by Rick Elmendorf

Rick has consistently been a top producer, managing a highly motivated team and servicing one of the largest financial planning organization to the military. In 2016, Rick was ranked #21 on the National Mortgage Top Producers and has made the Top 100 Loan Originators in the Scotsman Guide’s rankings year after year. He is a sought-after industry speaker and had the privilege of sharing the stage at The Mortgage Mastermind conferences in New Jersey and Las Vegas.
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Things to Consider When Buying a Condo Using Your VA Benefits

Condo living can provide a convenient and affordable alternative to renting or purchasing a single-family residence. But before you commit to buying a condo with your VA benefits, here are four key things to do:

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How Our Full Pre-Approval Program Can Make Your Home-Buying Offers More Appealing to Sellers

In the last five years, climbing housing prices and rising federal interest rates have fueled a housing market gold rush as more people race to buy homes while they still can. With homebuyer confidence at an all-time high and the number of available properties steadily declining, bidding wars have become a common part of the homebuying process. Today’s sellers are flush with offers and have the luxury of being more discerning when selling.

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What Should You Do When You Want to Buy a Home But Have Been Turned Down by a Lender?

When you’re intent on buying a home and actively thinking about the future, being turned down by a lender can feel devastating. Just because you were denied a loan doesn’t mean that your home owning dreams are over. Learn what steps to take to keep things moving in the right direction.

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How to Maximize Your VA Loan Benefits

Our active military and veterans have worked hard and sacrificed for their country. One of the small ways we can repay them is to ensure they have access to affordable housing that is also a good investment. That’s why the VA loan is designed to be such an incredible benefit.

However, not all veterans are reaping the full benefits of their VA loan. Here are some of the top ways to make the most of yours:

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What are the Factors That Impact Your Interest Rate?

It’s no secret that a lower interest rate can mean significant savings over the life of your mortgage. Although interest rates are largely dictated by market performance, there are other factors that influence the rate you receive. When comparing your loan options, it helps to know how your interest rate was derived and what mistakes to avoid when shopping around.

In addition to market performance, home loan interest rates are influenced by six major factors: loan amount, loan type, loan duration, discount points, closing costs, and credit score.

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Stop Renting, Start Owning: Analyzing the Real Cost of Renting

If you’re new to the housing market, making the switch from renting to owning can seem like a daunting and distant dream. It’s easy to get hung up on a six-figure listing price and harder to reconcile how that cost will look on a short- and long-term scale. Renting is often thought to be a more affordable housing option, but when you compare the long-term costs of renting against those of owning, buying often proves to be the savvier option.

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[Infographic] The Quick and Easy Process to Securing a Mortgage

Securing a loan for your dream home can be a quick and easy process—if you know your mortgage milestones. In this easy to follow infographic, we walk you through the steps that any home buyer needs to take to get their loan approved so they can close on their new home.

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How Do You Know If You Should Refinance Your Mortgage?

Many lenders talk about the benefits of refinancing, but how do you determine if refinancing your mortgage is the right decision in the context of your personal and financial situation?

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Should Military Families Rent or Own?

The debate over whether it’s better to rent or own has been around as long as mortgages have existed. Both options offer their own benefits, and the best choice for you will depend on a variety of factors. For most people, we strongly believe it’s best to own when you can. But what about members of the armed services? Should military families rent or own?

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6 Factors that prove buying is better than renting

Making The Right Decision

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