Matthew Locke | Source | National Mortgage Sales Manager at UMB Bank
Matthew Locke
Matthew Locke is the National Mortgage Sales Manager at UMB Bank. Matthew is a forward thinking, action oriented, and bottom-line focused leader with a demonstrated history of operational process improvements, exemplary customer service, successful coaching, proactive compliance to industry and federal standards, and sustained over-achievement throughout tenure.
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UMB Bank
National Mortgage Sales Manager
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Gen Z Is Putting This Much of Their Income Toward Housing, Study Reveals
See how Gen Z can save on housing costs.
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You Can Use a HELOC to Pay Off Your Mortgage — but You Probably Shouldn’t, Experts Say. This Is Why
Want to pay off your mortgage early? A home equity line of credit is one way to do it. Here’s what you need to know before jumping in.
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Unexpected Home Buying Barriers: Expert Insights from UMB Bank
Matthew highlights unexpected barriers like rising insurance costs, co-signing loans, and location pitfalls. He advises early insurance quotes and choosing better areas over larger homes. If barriers derail the process, "it may be best to pause and reconnect with your home buying team." Starting a relationship with your bank can help minimize surprises and ensure a smoother journey. -
Retirees Face Mortgage Challenges Amid High Rates and Escrow Costs
Matthew advises retirees to ensure financial readiness, emphasizing credit score accuracy and debt management. He highlights the importance of trusted professionals in the mortgage process. Retirees should focus on credit history and income sources to improve mortgage chances. Patience in home selection and avoiding overextending assets are key. Matthew suggests owning over renting for long-term financial control and equity growth. -
Conventional Mortgages: The Popular Choice Explained by UMB Bank Expert
Matthew explains that conventional mortgages are popular due to their alignment with Fannie Mae and Freddie Mac standards, requiring a minimum 3% down payment. He advises discussing options with lenders to choose between fixed or adjustable rates. For special mortgage programs, understanding terms and geographic considerations is crucial, as benefits like waived fees can significantly impact costs.
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Right now, those disadvantages are really strong, because typically home equity loans are variable interest rates. We’re in an environment where interest rates are rapidly increasing.
