Do Good Mortgage

Do Good Mortgage Helping folks do good at home financing so we can do good in our communities. Take a homebuyer readiness now! 👇👇
https://quiz.dogoodmortgage.com/

06/01/2026

Here’s the market update:

ICYMI, earlier this year, interest rates finally dropped below 6%…

and then the conflict in Iran started, and rates rose again. 📉

The average interest rate this week was 6.53%—which is higher than predicted, but still lower than last year (Freddie Mac). 📊

So with higher interest rates… have people stopped buying houses?

Nope.

In fact, pending home sales are up 10% year over year (Redfin). 📈

And have prices dropped?

Also no—prices are up 2.2% from last year (Redfin). 🏡

What will happen next?
The Fed is expected to hold rates where they are, but if the conflict comes to an end, we can expect rates to drop. Overall, home prices are expected to stay steady where they are. 🗺️

As we head into summer and fall, buyers will actually get more negotiating power. Here’s exactly what you can do to win in this market:

1️⃣ Look for properties on the market for 14+ days
That length of time signals that you have negotiating room. Besides the purchase price, there are key terms you can negotiate to lower your monthly exposure.

2️⃣ Negotiate interest rate buy-downs
You can ask the seller to credit you money to secure a lower interest rate, either via a temporary or permanent buy-down. A commonly negotiated option is the 2-1 buy-down, which drops your interest rate by 2% the first year, and 1% the second year. This is a massive strategy right now because it gives you immediate breathing room with the flexibility to refinance if rates drop later. 💡

3️⃣ Negotiate closing cost assistance
Instead of fighting for a lower purchase price, ask the seller to cover your closing costs. This rolls those upfront expenses into your mortgage, keeping more liquid cash in your pocket—perfect if you're buying a home that needs immediate updates or repairs. 🛠️

If your goal is to buy a house this year...

❌ DO NOT just wing the process—there’s way too much money at stake!
✅ INSTEAD, comment CLASS below to get access to my FREE Homebuying 101 class and build a real strategy. 🎓✨

05/31/2026

👇 COMMENT "CLASS" below and I’ll send you the link to join my FREE homebuying masterclass!

Here is why the 28% rule is an absolute game-changer...

When you apply for a mortgage, lenders will often approve you for the absolute maximum amount you qualify for based on their guidelines. But maxing out your budget is exactly how people end up "house poor"—meaning you can pay your mortgage, but you have no cash left over for travel, investments, or emergencies.

The 28% Rule is a standard financial guideline designed to keep your housing costs comfortable. It states that your total monthly housing expenses (which includes your loan principal, interest, property taxes, and insurance) shouldn't exceed 28% of your gross monthly income (your income before taxes).

Run the numbers using the formula in the video before you start touring homes so you know exactly what your true budget is!

Save this post to reference when you're ready to run your numbers! 🏡

05/30/2026

That dream home is closer than it seems 🏡

👇 Comment the word CLASS below, and I’ll send you the details for my completely free homebuying class!

If buying a house has been on your radar, consider this the perfect moment to take the first step. Don't worry if you're confused about down payments, credit scores, or just how the whole process works—that's exactly what I'm here for. Let's navigate it together!

05/29/2026

Want to learn exactly where to start without going broke?
👇 Comment CLASS below and I’ll send you my FREE Homebuying homebuying class!

Everyone talks about the down payment, but almost no one prepares you for the actual cash you need to close. As a mortgage professional, seeing buyers get caught off guard is the worst, so let's break down the 4 main "buckets" of cash you actually need to plan for before getting the keys.

1️⃣ The Down Payment (The Obvious One)
Yes, first-time buyers can put down as little as 3% (not 20%!). But remember: a smaller down payment means a higher monthly mortgage and likely paying PMI (Private Mortgage Insurance). A larger down payment gives you stronger negotiating power, especially in competitive markets. Find the sweet spot between what you can realistically save and the monthly payment you can comfortably afford.

2️⃣ Closing Costs (The Silent Killer)
These are the behind-the-scenes fees to actually close the loan (title insurance, appraisals, attorney fees, etc.). Expect this to run between 1% to 6% of the purchase price, depending on your location.
💡 Pro-Tip: A safe estimate is 3%. If you take your minimum down payment and double it, that’s roughly your total cash needed to close.

3️⃣ The "Welcome Home" Buffer
Your house is yours... now what? You’re going to need a lawnmower, cleaning supplies, new locks, and probably a few immediate trips to the hardware store. I highly recommend keeping an extra $5,000 liquid just for these post-move-in expenses so you aren't immediately house-poor.

4️⃣ Ongoing Maintenance (The Long Game)
Homes break. A solid rule of thumb is to budget 1% of your home’s total value per year for general upkeep. (Example: For a $400k home, plan to set aside $4,000/year for a rainy day).

05/28/2026

Comment CLASS and I'll send you my FREE homebuying class link right now. 👇

Buying alone is brave. But going in uninformed? That's the part that actually hurts you.

Here's what you need to know before you buy:
✅ Know your REAL budget before talking to a realtor
✅ Pre-approval ≠ final approval — know the difference
✅ Your credit score controls your interest rate more than anything
✅ You don't need a partner — you need the right team
✅ Solo buyers CAN and DO win in this market

I made this free class specifically for people who are figuring this out on their own — no pressure, no sales pitch, just real information.

Drop CLASS in the comments and I'll send it to you. 👇

05/27/2026

Comment the word CLASS below to get an invite to my free homebuying class!

So many potential buyers count themselves out before they even try. The truth is that getting a flat denial for a mortgage is rare. What you actually get is a clear guide on how to get approved.

That might mean paying down some balances, boosting your credit score, saving a bit more cash, or just finding a better loan option for your specific situation.

The biggest mistake you can make is rejecting yourself before a professional even looks at your file.

The answer is rarely a hard no. It is usually just a "not yet" paired with a solid strategy.

05/27/2026

If you feel like you’re late to the homeownership game, the data proves you are exactly on schedule. 🛑

According to the National Association of Realtors, the median age for a first-time buyer has officially hit 40.

Here is the factual breakdown of exactly what changed, especially here in Portland:

1️⃣ Strict Inventory: Portland's Urban Growth Boundary limits how much new housing can be built, keeping supply historically low and demand high across the PNW.
2️⃣ The Wage/Price Gap: Over the last few decades, local home price appreciation has significantly outpaced average wage growth.
3️⃣ Economic Shifts: Higher everyday living costs and shifting interest rates mean it simply takes longer for the average person to save a down payment today than it did in 1986.

The old timeline doesn't apply to today's market. You don't need a time machine—you just need a strategy that actually works for Portland real estate right now.

Let's get you prepared and confident. Comment CLASS to join our free homebuying class! 🏡✨

We’re honored to be nominated for Best Mortgage Company 🏆If we’ve helped you on your home journey, we’d be grateful for ...
05/25/2026

We’re honored to be nominated for Best Mortgage Company 🏆

If we’ve helped you on your home journey, we’d be grateful for your vote 💙

👉 Scan the QR code on the 2nd slide.

05/24/2026

Comment CLASS to join our free homebuying class and I’ll send you the details!

Here is the full breakdown without the fluff ⬇️⬇️

▪️ Negotiate stale listings: Price drops are possible if it's been on the market for 14+ days.
▪️ Request a home warranty: Ask the seller to cover your first year of repairs.
▪️ Skip a payment: Your first mortgage payment skips a month (e.g., close in Sept, pay in Nov).
▪️ Budget for inspections: A good inspector is $600, but set aside $1,000 just in case.
▪️ Homestead exemptions: Research state tax breaks for your primary residence.
▪️ You don't need 20% down: The average first-time buyer only puts down 7% to 9%.
▪️ Lender chats are free: It's the only way to find out exactly how much you can afford.
▪️ Do a night drive-by: Visit the neighborhood at different times to check the night vibe.
▪️ Look for grants: Almost every state offers some type of down payment assistance.
▪️ Winter discounts: Homes are generally priced lower during the winter months.
▪️ Shop rates safely: After pre-approval, you can pull multiple quotes within 14 days without hurting your credit.
▪️ Seller-paid closing costs: You can negotiate these, especially if the house has sat for over two weeks.
▪️ Check the roof's age: Knowing its lifespan can save you a surprise $30k replacement.
▪️ Don't rush: It takes 10 weeks on average to find the right house. Give yourself time.
▪️ Payments will change: Your monthly payment will fluctuate because property taxes and insurance increase.
▪️ The new homeowner haul: Budget $1,000+ for random store runs the week you move in.
▪️ Explore USDA loans: Buying rural? Check out their 0% down payment options.
▪️ The lowest score matters: Buying with a partner? Lenders use whoever has the lowest middle credit score.
▪️ Drop your PMI: Put down less than 20%? Call your bank to remove PMI once you hit 20% equity.
▪️ Set your own limits: You’ll get pre-approved for more than you should spend. Budget based on your actual take-home pay.

Comment CLASS to join our free homebuying class and I’ll send you the details!

05/22/2026

Thinking about making a move in 2026? Comment CLASS below and I’ll send you the link to join our free homebuying class! 👇

Please don’t navigate the 2026 housing market in the dark. 🛑 These are the biggest "I wish I knew that sooner" moments I hear from buyers every single day.

Bookmark this list so you have it when you need it, and send it to your future co-buyer!

✅ You don't need a 20% down payment. In reality, most first-time buyers are putting down closer to 7-9%.
✅ Your pre-approval amount isn't a target. Build your budget around what you are comfortable paying each month from your take-home pay.
✅ A house sitting on the market for over two weeks gives you negotiating power. Use those days on market to your advantage.
✅ Finding "the one" takes time—usually around two and a half months. Don't rush the process, give yourself some breathing room.
✅ Keep about $1,000 set aside strictly for home inspections once you are under contract. It's the best money you'll ever spend.
✅ You get a grace period! Your first mortgage payment typically isn't due until a full month after the month you close.
✅ Always ask about the age of the roof. Catching an old roof early prevents a massive unexpected bill right after you get the keys.
✅ If a property has been listed longer than average, sellers are much more willing to help pay your closing costs to get the deal done.
✅ Look into local assistance programs. Many states have funds specifically designed to help cover your upfront down payment costs.
✅ Drive by the house at night. A neighborhood's vibe can completely change after 5 PM.
✅ Keep track of your equity. Once you hit that 20% mark, you can usually drop your PMI (Private Mortgage Insurance).
✅ Having a conversation with a lender costs exactly $0, and it’s the only accurate way to figure out your true purchasing power.

And yes, the video said 10 things and I gave you 12. But it's probably good for you to know upfront that I always prefer to overdeliver. 😉

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