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Clear Mortgage: A Resource for Buyers and Homeowners

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Q: Rates are rising. Is it still a good time to buy a new home?
A: Without a doubt, rising interest rates have been a hot topic of conversation over the last three months. In 2021, buyers enjoyed interest rates in the 2- to 3-percent range, whereas today well-qualified buyers are seeing rates in the 5-percent range. But believe it or not, mortgage interest rates are still at historic lows at a time when home values are appreciating at an all-time high. Regardless of where rates are sitting, it’s important to do your research and understand what you can comfortably afford to spend. 

A great way to know your purchasing power is with a pre-approval from our team at Clear Mortgage. With a pre-approval in hand, not only will you know what you can afford to spend, but you’ll also gain access to a custom portal that can help you understand what your prospective monthly mortgage payment would be on specific properties, including associated closing costs. If you’re in the market to buy, my team and I would love to help! 

Q: Is now still a good time to refinance?
A: If you’re looking at refinancing as an option to consolidate high-interest-rate debt or kick off a home renovation, now is the perfect time to make that decision. From a debt consolidation perspective, consider how much a person could save by reducing $20,000 in debt at 18.5 percent interest down to 6 percent or lower. In this specific scenario, paying $400 a month toward $20,000 in credit card debt at 18.5 percent interest would take over 8 years, and you’d pay $18,000 in interest alone! Using available equity in their home, this person could consolidate $20,000 in high-interest credit card debt and drastically reduce their interest costs to maximize available cash from one month to the next. At Clear Mortgage, our team of local lenders is purpose driven to serve as a resource for people looking to refinance, whatever the reason. Visit us at to learn more!

By: Adriana Bates

Adriana Bates is the founder of Clear Mortgage LLC., NMLS ID: 1844285. For licensing information, visit Clear Mortgage LLC. is an Equal Housing Lender. Contact Adriana at or call her direct at 913-205-3654. For more information or to apply, visit 

325 Southwest Blvd
Kansas City, MO