About patrickbowler

Helping you achieve your dreams. YOU CAN HAVE CONFIDENCE IN MY EXPERIENCE Buying a home is one of the biggest decisions in your life. When you work with Movement Mortgage, LLC and Patrick Bowler, you can be sure to have all the best options available to you. I excel at listening to your goals and help you find the best financing solution to achieve your dream. I am a local loan consultant with over 13 years of mortgage experience who is committed to service and personal attention at every turn. I will always work hard to deliver what you need and what’s promised. I also work hard to ensure they are one in the same. MOVEMENT MORTGAGE, LLC SAYS “YES!” MORE OFTEN Many people are hesitant to inquire about a mortgage. I take a solution-orientated approach to meeting your home mortgage needs. We have programs to provide loans to all types of financial profiles. We offer a full range of traditional loans, both conventional and government programs, no money down programs, first time homebuyers programs and 100% financing. Because Movement Mortgage, LLC is a leader in technology, many of our loans are approved on the spot during your first meeting. CUSTOMER FOR LIFE No matter how many addresses you call home, Movement Mortgage, LLC is a lender that has offered consistency, stability, solutions and service. At Movement Mortgage LLC, we think of you as a “Customer for Life”. Because of our strength and proud history, we continue to help you achieve new goals and realize new dreams today and in the future.

Origins of Father’s Day

There are suggestions that the idea of Father’s Day originates in pagan sun worship. Some branches of paganism see the sun as the father of the universe. The June solstice occurs around the same time of year as Father’s Day, so some people saw a link between the two.

The modern idea of a special day to honor fathers and celebrate fatherhood was introduced from the United States. A woman called Sonora Smart Dodd was inspired by the American Mother’s Day celebrations, and planned a day to honor fathers early in the 20th century. The first Father’s Day was celebrated in Spokane, Washington on June 19, 1910. Father’s Day has become popular throughout North America and in others parts of the world.

Father’s Day is Sunday, June 15th

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WHAT DO YOU MEAN I DON’T HAVE TO PAY A VA FUNDING FEE!

That’s correct!! Veterans, don’t always look for the lowest interest rate when purchasing a home. As you know many military folks will sell their home within a 4 to 7 year period. That said when shopping for a home loan your number one consideration when financing a house should be the estimated period you intend to hold the home.  Based on this estimate, you may want to consider having the lender to pay your VA funding fee at the cost of a slightly higher interest rate. In most cases, the Veteran comes out ahead using this strategy. In one recent transaction closed in Virginia Beach this month my borrower saved over $4,300 on his funding fee at a cost of approximately $38 per month.  Simple math showed it would take approximately ten years to recoup the cost of the VA funding fee which is funded (added) to the purchase price. This family intends to live in Virginia Beach for no more than 6-8 years upon which the borrower will be retiring and returning to Florida.  This veteran reviewed the math and agreed.

Key Mistakes To Avoid When Purchasing a Home

Buying a new HomeSo you wake up one day and decide that you’re tired of paying rent and it’s time to buy a home.  You immediately go on-line, do a quick search and then find yourself bombarded by multiple agents, lenders and anyone else that can benefit from your home buying decision.  It’s easy to see how you can become overwhelmed and rush out purchase a home and then wake up the next day wondering what in the world did I just do! Don’t get me wrong, buying a home is a fantastic investment. In the long term I don’t think there’s a safer investment. Owning your own home instills a sense of pride, helps bond a family together and helps you feel like a part of the community which you live. That being said here’s a few tips to help you make the best of your home buying experience so you don’t wake up with buyer’s remorse.

 

 

  • Establish a budget: Do not depend on what the lender states you can afford. Trust me the lender will not be making the payment
  • Save some money: Life will throw you a curve ball and there’s nothing more important than having funds to handle the situation when it arrives
  • Use a Realtor/Agent: Don’t go it alone. You will never come out ahead.  Besides the seller incurs the cost of the agent!
  • Get Fully Approved: Don’t rely on being prequalified. You will be setting yourself up for surprises, emotional stress, and possibly the disappointment of not closing on your new home.  
  • Review Your Credit: Rates and Terms are impacted by your credit scores. Don’t wait till the last minute to address credit issues.

 

VA Loan – Energy Efficient Mortgage

Image If you are in the market for new home, using your VA loan benefits and are considering older homes that may need upgrades you should be aware of the VA Energy Efficient Mortgage. This loan program allows you to roll up to $6,000 of energy efficient improvements into the cost of your home. These can include heating and air conditioning systems, insulation, thermal Windows and electronic thermostats. This loan program can also be combined with VA Interest Rate Reduction Loan should you be in the market to refinance your existing home.  For more details give me a call today. 

Using the 203K Loan to Finance Your New Home

shutterstock_70389316Why in the world would anyone want to buy a home in terrible condition, and then spend time and energy rehabbing the property? Well, to put it in a nutshell, it would be to create wealth. Let’s face it, investors flipping houses do it every day! The theory is you buy a house for well below market value, hire a contractor to do the necessary improvements and the total costs are far less than the final value. It’s not that difficult if you’re working with an experienced Realtor and HUD consultant. Continue reading

The Value of Home Ownership Returns to Hampton Roads VA

shutterstock_1798587A recent survey by a national home builder shows that over 65% of renters’ ages 18-34 have an income of more than $50K. This same survey shows that 30% of home sales are to first time home buyers, who fall into the 18-34 year old age group. These are encouraging signs for the Hampton Roads real estate market, as many of the recent home buyers falls into this demographic. Continue reading