Licata Home Loans: Fairway Mortgage: Michael Licata, NMLS 390715

Micheal went above and beyond to answer all my questions. I called him and texted him all hours of the day and night, I always recieved a quick response I could understand. My experience with him was painless and straight forward. Thank you very much for the time and effort you put in with my loan!

This is a great video to watch for anyone who is interested regarding the current and future real estate market.

Michael was great at communicating with us and keeping us informed on the next steps throughout the process.

Very responsive to texts, emails and phone calls. He walked me through each step of the process.

Michael was super attentive and did a great job keeping me in the loop throughout the process. He was quick to get things done, and very flexible to changes throughout. He made the process easy and I am thankful for that!

MIchael was always available to answer any questions that came up through the refinance. He was quick to return phone calls and emails. He did a wonderful job of explaining what to expect, what was needed and what the timeline would be.

This is a follow up post regarding potential buyers waiting for the real estate market to crash and a foreclosure rise. The media is trying to scare the public talking about the foreclosure wave coming in the near future. They are basing their information off of current mortgage delinquencies and comparing the data to the 2008 housing crash. The media is forgetting one major word. That word is EQUITY. Equity is the difference between what you owe on your mortgage and wh...at your home is currently worth.... Your equity can increase in two ways. As you pay down your mortgage, the amount of equity in your home will rise. Your equity will also increase if the value of your home jumps. This area along with the majority of the rest of the country have seen very healthy appreciation over the past years. The difference between now and 2008 is that the vast majority of home owners have equity in their homes. In 2008 homeowners had no equity or were even upside down regarding equity. Meaning they owed more than the value of their home. It was much easier for people to make the decision to walk away from their home and mortgage when there was no equity to lose. This time there is a bunch of home equity at stake if someone would decide to walk away from their home and lose it through foreclosure. Economists, along with other industry professionals believe individuals and families will do whatever it takes to preserve their equity. They are not walking away this time! There are multiple ways to stop your home from foreclosure. Worst case scenario, you can file a Chapter 13 bankruptcy the day before an auction to stop a foreclosure. To lose equity is the same as losing wealth. People are not going to let it happen. If you are a buyer sitting on the fence waiting for a market crash, I urge you to reconsider. Don’t let the media convince you otherwise. People will do will do everything in their power to preserve their equity and wealth! See more

I am writing this post because I think it is needed. I talk to people everyday stating they are waiting to buy once the market crashes. I honestly do not think that is going to be the case. At least not in the Ozarks. With everything going on in the world today I have multiple clients who are looking to move from both coasts. The are wanting away from crowded city living to a more spread out suburban area. The Ozark area is getting more national recognition due to every...thing great this area has to offer geographically speaking and having a low cost of living. Rates are going to stay low for awhile. Even if they jump back into the 3's or God forbid the 4's, those are still amazing rates. I personally believe Southwest Missouri and Northwest Arkansas are going to see healthy appreciation in the coming years. Due to Covid more corporations and small businesses are going to allow employees to start working remotely permanently. This is something they have be wanting to implement for awhile. Covid finally forced them to make the transition. Not having to lease and maintain office spaces will positively impact a company's bottom line. As people start working remotely they will need a home designated office and more space for the family to have a home/work environment. They will be buying and selling houses. Companies will more than likely pass on some of the savings in overhead to workers compensation. This will allow people to afford a bigger and/or nicer home. My advice would be not to wait for a market crash if you are in the market to buy. I do not think you will see one. At least not for residential real estate. The industry is thriving! See more

https://www.google.com//fhfa-delays-refinance-fee-sta/amp/

Given the virus we are living under, the ability to sign a LOT of the papers required online was huge. At closing, agents came outside and we signed all remaining closing documents in the parking lot. I appreciated Michaels drive, his availability and his manner. Jill and i are thrilled to get started renovating our home!!

Michael made the process quick , easy and went above and beyond to get the lowest rate for me.

It was so easy and detailed. Michael walked me through the whole thing. Very very good experience. Most people talk about going the extra mile, Michael went way beyond that mile marker. This is my 2nd refi and 3rd home in 20 plus years and hands down this was the best experience.