Noel Bennett Newsletter

Hello again, I hope that you and your loved ones are staying safe and healthy.

These are certainly interesting times and the mortgage world has seen a lot of volatility over the past few months. While rates have been fluctuating, they are doing so near all-time lows and we have seen a lot of people refinancing.

I have also been fielding a lot of calls on loan forbearance and how it works. It is important to know that many financial institutions are offering options to assist borrowers, but they aren’t all necessarily the same. You will need to contact your loan servicer, the company you make payments to, in order to fully understand the terms of the options they have available and so that you aren’t hit by a big surprise down the road. I am happy to help counsel you on your options before and/or after you speak with your servicer to help you make the best decision for your specific situation.

Additionally, Forbes recently released a great article that explains many of the options available, as well as some things to be cautious of. You can find that article linked here.

My experience during COVID-19

As many of you are likely experiencing, there have been many challenges that have come up during this global pandemic both personally and professionally. I have had to cancel trips, the ski season was cut short and I miss going out with friends for dinner and happy hours. It has also been hard to watch my son who is a senior in high school miss all those milestones or have to do them remotely. Also, my daughter who has never been into sports much was getting really excited for her golf lessons, but those were canceled after just one session.

It has also been challenging to try and manage a team during an incredibly busy time. With everyone working remotely, it can be difficult to gauge the level of stress or frustration people may be feeling when you can't talk to them face to face. We have also had to overcome challenges with loan options evaporating overnight as financial institutions try and get a handle on their risk and liabilities.

Through all of this, I have found so many silver linings that it really makes me stop and appreciate all the good in my life. I have spent a lot of quality time with my teenage children; we have been playing board games or cooking dinner together on Friday and Saturday nights (those with teenage children can appreciate how rare that is!) The pace of life has shifted, it feels more relaxed and I am so grateful for the quality time it has afforded me with my family.

I have even been able to have a small semblance of the social life I enjoy. Recently one of our Premier Community Partners, Community Food Share, put on a farm to table dinner to raise money for their organization and to also help out a local restaurant, Blackbelly. It was great to see my friends (at 6+ feet of course!) and also help support a local non-profit and business.

There have been countless examples of my work family pulling together through these challenging times as well. It has been so rewarding to see the level of effort people are putting forth without any need to push.

My hope is that I am able to keep a strong appreciation for all of these things I have missed during this unprecedented time and I hope that you have been able to find silver linings through this as well!

Update: Our Premier Community Partnership with Attention Homes

I am thrilled to announce that we closed our first Attention Homes Premier Community loan! This week we were able to present our $500 donation check to AH (socially distanced and masked of course) to Megan Bruce, Housing Program Manager and her team. I am especially happy that this donation check is coming during such a time of great need!

How is Attention Homes responding to COVID-19 and how you can help during these times?

At this time Attention Homes’ in-person volunteer opportunities are currently on hold, AND you can support the youth living at Attention Homes by donating a meal, donating needed items, giving a monetary gift or choosing to do your loan with Premier Mortgage Group and we will donate $500 – 1000.

Plus, these awesome and delicious local restaurants/caterers are amazing partners of Attention Homes, consider ordering from them for yourself or for the young people at Attention Homes. (Prefer to cook and deliver a meal? Email Mo Shirley)
Cosmo’s Pizza
River and Woods
GB Culinary (matching every purchased meal with a donated meal to Attention Homes and their food is FANTASTIC)
Proto’s Pizza
Lindsay’s Deli
Pasta Jay’s
Hapa Sushi

To date, Premier Mortgage Group has been able to partner with 20 nonprofit organizations and has donated more than $ 10,000+ through our Premier Community loans program since April of 2019. If you are passionate about Attention Homes, or another nonprofit, let’s do Premier Community loan for you (rates are great, and what a fantastic time to support our community)!

Thank for reading and I hope you have a wonderful and safe Memorial Day Weekend! Please remember, I am here for you, want to hear how you are doing and answer any questions you may have. Be well, looking forward to seeing you in person when I can!

- Noel