Andrew Baer

NMLS# 1404208

Loan Officer

Andrew Baer
Loan Officer

NMLS# 1404208
State Lic: AZ # 0931983; WA # MLO-1404208; OR # 1404208; CA # CA-DBO1404208;
1750 East Northrop Blvd
Suite 230
Chandler, AZ 85286
Direct: (480) 917-4480 x43059
Branch: (480) 722-9900
andrew.baer@academymortgage.com

We are proud to be one of the top independent purchase lenders in the country. We achieved this distinction by continually providing exceptional customer service and by following responsible lending practices, especially in today’s rapidly changing economy.Adam Kessler, CEO, Academy Mortgage
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Welcome!

It’s all about service at Academy Mortgage, and our company has been meeting the needs of homebuyers across the United States since 1988. I joined Academy because of its strong reputation for integrity-based mortgage lending, its unwavering commitment to responsible lending practices, and for its broad portfolio of mortgage solutions and tools.

Since joining Academy, I have helped many individuals and families attain the dream of homeownership. Whether you want to buy a new home or refinance an existing mortgage, I will provide a customized solution for you at competitive rates. No brokering, no middleman, no hassle, no surprises.

Academy is a direct lender, which means that my Branch and Regional Offices are equipped to complete the entire loan process in-house—all loan processing, underwriting, closings, and funding are handled locally. As a result, we have a proven track record of closing loans as quickly and efficiently as possible.

I will be in control of your loan file from start to finish, and I will be up-to-date on the status of your loan at all times. I understand the importance of maintaining continuous communication throughout the loan process and commit to providing you accurate, timely, and honest mortgage advice.

I invite you to put us to the test. Let me show you how simple and easy securing a mortgage can be.

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NMLS# 1404208

State Lic: AZ: 0931983; WA: MLO-1404208; OR: 1404208; CA: CA-DBO1404208;

Corp Lic: AZ: BK-0904081; WA: CL-3113; OR: ML-2421; CA: 4170013;

Licensed by the Department of Business Oversight Under the California Residential Mortgage Lending Act;

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Millennial's impact on the real estate industry

Technology has become an integral part of society, and the real estate sector is no exception. In addition, young adults will likely become an even larger portion of today's interested homebuyers, and their preferences will likely drive even more aspects of the homebuying process to embrace technology and mobility. 

According to the U.S. Census Bureau, young adults born between 1982 and 2000 account for 83.1 million members of the U.S. population. This demographic will likely support and bolster the housing market with its buying power. 

Millennials want more technology. According to U.S. News & World Report, young adults applying for a conventional mortgage are also shifting the world of real estate and lending

"Mobile traffic to our app has outpaced traffic to our desktop site dramatically," said Paul Reid, a Redfin agent, according to the source. "Folks first go to their iPhones and their iPads."

Mobile options during the homebuying process are in high demand for young buyers who want access to all the information they need to continue through the process. From loan documents to online listings, having an application available is incredibly helpful. 

In addition, Inman, a news resource for real estate professionals, predicted practical real estate applications will become standard. In fact, on-demand showings of homes will likely become a popular alternative for some buyers. 

Homebuying process will likely be simplified. As technology becomes a standard for many professionals in the real estate industry as well as interested buyers, finding the perfect home and the process of purchasing the house will be easier. According to Inman, consumers will be able to discover the home of their dreams faster and more effectively with the power of developing technology. 

While it will be especially beneficial for the homebuying process to be strengthened with the use of technology, Realtor Mag indicated the importance of continuing to humanize the process. Professionals should try a combination approach when dealing with younger buyers in today's market. With the fusion of the mobile technology they want as well as the customer service they demand, more interested buyers will feel satisfied with their experience. 

Academy Mortgage is one of the top independent purchase lenders in the country as ranked in the 2014 CoreLogic Marketrac Report. Visit www.academymortgage.com to find a loan, get a rate, or calculate your payment today.

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Construction spending increases more than anticipated

According to a joint press release from the U.S. Department of Commerce and the U.S. Census Bureau, construction spending increased to $1,083.4 billion in July. This was 0.7% higher than the revised June estimate and 13.7% above the July 2014 figure. 

The high volume of construction spending means greater community development and more inventory for interested buyers looking to apply for a U.S. home mortgage. 

Private construction rises. According to the press release, private construction spending increased 1.3% from June's revised estimate. In addition, residential construction rose to $380.8 billion in July from $376.6 billion in June. 

Nonresidential construction also increased from the previous month by 1.5% to $407 billion. 

The Associated Press reported construction spending in the U.S. rose to the highest level seen in seven years.

"We expect housing activity will continue to strengthen, underpinning greater residential investment in the coming quarters," noted Gregory Daco, head of U.S. macroeconomics at Oxford Economics.

More inventory is beneficial for the growing number of interested homebuyers, and the construction of single-family homes increased by 2.1% in July. In addition, power facilities increased by 2.1%, while construction of factories rose 4.7% during July.

Demand for housing continues to increase. According to the Mortgage Bankers Association's weekly survey, applications for U.S. home loans rose for the week ending August 28. Total applications for mortgages rose 11.3% when compared on a week-over-week basis. 

"Although mortgage rates were unchanged for the week, Treasury rates were down sharply early in the week due to the global stock market rout and this led to a significant increase in application volume," noted Mike Fratantoni, the MBA's chief economist.

Refinancing applications accounted for 58.7% of all applications. This is up 3.4 percentage points from the previous week. 

In addition, adjustable-rate mortgage applications increased to 7.5% of all activity. However, applications through the Federal Housing Administration, Department of Veteran Affairs and the U.S. Department of Agriculture ticked down slightly during the week ending August 28. 

When supply meets demand, affordability for prospective homeowners will likely improve and allow more individuals to invest in real estate of their own. As housing activity increases, the real estate market will continue to strengthen. 

Academy Mortgage is one of the top independent purchase lenders in the country as ranked in the 2014 CoreLogic Marketrac Report. Visit www.academymortgage.com to find a loan, get a rate, or calculate your payment today.

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Construction and remodeling activity contribute to builders' optimism

An increasing number of first-time homebuyers may be responsible for the optimism many home builders feel in regard to construction and remodeling activity. On Oct. 21, the National Association of Home Builders held the Fall Construction Forecast Webinar. Builderonline.com relayed that economists forecast an impressive increase in the construction of single-family homes over the course of the next two years.

Construction expected to increase. The median price for a house has increased due to the rising demand for homes. As the economy and job situation improves, more individuals feel comfortable applying for a U.S. home mortgage and investing their money in real estate. 

To accommodate today's buyers, more construction is expected in the coming years. Robert Denk, a senior economist at the NAHB, predicted home starts would move past one million in 2016 and further increase to 1.2 million in 2017. 

"It's about population and job growth," Denk said. "We're really in a very different place than we were in the early rounds of the recovery."

Remodeling market index demonstrates improvement. Construction isn't the only industry improving. According to the NAHB's Remodeling Market Index, the third quarter marks the 10th straight quarter above 50, the break-even point. The reading settled at 57 during the third quarter.  

"An RMI above 50 indicates that remodelers still feel positive about the market on balance," said NAHB Chief Economist David Crowe.

The continual positivity industry professionals feel toward the market is good for overall recovery. 

"The sustained confidence of remodelers shows that the remodeling market is gradually strengthening in what has been a longer than anticipated recovery," said Robert Criner, the National Association of Home Builders Remodelers vice chairman. "Smaller jobs remain more popular, but overall remodelers feel positive about the future of the industry."

Again, improving economic and employment conditions are better supporting consumers and allowing them to invest in renovations and improvement projects in their homes. In addition, those who want to sell property may feel remodeling will help attract a higher number of interested buyers. 

Academy Mortgage is one of the top independent purchase lenders in the country as ranked in the 2014 CoreLogic Marketrac Report. Contact me to find a loan, get a rate, or calculate your payment today.

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