Peter Waite NMLS 1901582

10/13/2022

So, lots of questions on fixed vs adjustable rate mortgages. Going to throw example out and why today an adjustable rate makes sense. The goal of any mortgage is to pay it off as quickly as possible. Fixed rates are hovering right around the 7% mark. USB we have a 5/1 ARM at 4.5%. Let’s say loan amount is $175,000 and compare fixed vs ARM. The Principal and Interest payment on fixed is $ 1,164. ARM payment is $ 886, $277 lower. Interesting is in 5 years, the rate will make its first adjustment, you would have gained an additional $5,205 in equity (lower principal balance) and paid $21,859 LESS in interest! This product is a great tool to assist in paying principal off much quicker. With costs to purchase $500 and refi at $250 with USB, you are only winning. What is your lender offering? (216)409-2012.

09/29/2022

Ok, so we all know rates are rising and no way to sugar coat that. If you are a first-time homebuyer or shopping for a home right now, call me at (216)409-2012. I have products that not only will get you to closing but will cost you far less in closing costs and RATES! I just saved a client from 8.125% with another lender and was able to do 4%, saving $525 a month. What is your lender offering in these trying times?

06/17/2022

Still amazing rates to be had!! If you are house hunting this weekend, let’s talk!

06/02/2022

Check it out…

05/09/2022

I have exciting news to share! They say when one door closes, another opens. I was part of recent layoffs at UHM and now has accepted a loan officer position with Union Savings Bank. We are establishing a new Cleveland office for the Cincinatti based bank. I am excited to be part of something from the beginning and also to be able to offer such a variety of products. If you are looking to purchase a home, investment or commercial property, let's talk (216)409-2012.

Union Home Mortgage has let go of an unspecified number of employees, but is not sharing details

04/13/2022

Cash out Refinance is still far less interest than credit card interest or financing the home improvements.

04/01/2022

I am honored to be the MVP for April. Love volunteering for such a great foundation!

We are incredibly grateful for all of the wonderful UHM Partners who make our work at the Foundation possible! Each month, we would like to highlight one of these awesome partners. This month's Most Valuable Partner is Peter Waite, a Consumer Direct Loan Officer at UHM! Check out our interview with Peter below.

https://hubs.la/Q0171xr80

03/11/2022

I also volunteer with UHM Foundation. We focus on Financial Education. Today presented personal finance and credit at Cuyahoga Valley Career Center. Seniors in Power Equipment Technology. Awesome group of students with awesome questions! Was so much fun. Peter Waite