Craig Jarrell: First Horizon Mortgage NMLS #419429

06/02/2026

Confused by your mortgage preapproval number?

The number is determined by your debt-to-income ratio (DTI). Most conventional lenders approve borrowers with a DTI up to 43%, though some may allow higher.

Your DTI threshold reflects the maximum risk a bank is willing to accept. It’s not financial advice or a recommendation. It’s merely a standardized metric intended to protect the lender's investment.

Unfortunately, this calculation doesn't account for real-life expenses such as, childcare, travel, emergency fund, retirement savings, etc. Your goal is to find the number that actually works for your life.

Read more about how to calculate your SWAN number: https://bit.ly/4fVgmYj

Need some help? Connect with me today.

05/29/2026

Mortgage rates remain a key factor for homebuyers and homeowners. Recent coverage highlights how rate movement can affect monthly payments, refinancing decisions, and the spring housing market.

If you are considering a purchase or exploring a refinance, now is a good time to review your budget, compare options, and get prequalified so you can act confidently when the right home appears.

What strategies are you using to navigate today’s rate environment, and what information would help you feel more prepared?

The average rate on a 30-year fixed mortgage rose this week to 6.38%, according to the latest Freddie Mac data released Thursday. That is up from last week's reading of 6.22%.

05/26/2026

Qualifying for a large mortgage doesn't always mean you should take it on.
At First Horizon, we can help you determine your SWAN number, the mortgage amount that ensures you Sleep Well At Night.

Learn more about how to find a payment that will fit within your lifestyle: https://bit.ly/4wPBchN

Need guidance on calculating your SWAN number? Send me a message, and let's discuss.

05/22/2026

NAHB reports builder sentiment edged higher, signaling cautious optimism in homebuilding. Yet affordability challenges continue to weigh on buyers as rates, costs, and inventory pressures persist.

For clients considering a new build or purchase, staying informed and exploring financing options can make a difference in this evolving market.

What trends are you seeing in your community, and how are affordability factors shaping your plans?

Builder sentiment inched up in March even as builders continue to express affordability concerns stemming from elevated construction costs and shortages of buildable lots and labor.

05/15/2026

Smart tax planning can help you keep more of what you earn.

This CNBC article explores practical ways to maximize wealth through thoughtful tax strategies, from optimizing retirement contributions to tax efficient investing and charitable giving. Reviewing your plan early can uncover new opportunities before year end. Everyone’s situation is different, so consider consulting a qualified tax professional.

What strategies are you exploring this year to make your money work harder?

Building and protecting your wealth is more than just making smart investment decisions. Tax planning is also essential.

05/08/2026

Thinking about tapping home equity?

Before you borrow, compare HELOC vs. home equity loan, review variable vs. fixed rates, factor in fees and closing costs, and stress-test your budget for rate changes.

Remember, your home is collateral. Borrow with a plan for payoff and an emergency cushion.

What questions do you have about using home equity for renovations, debt consolidation, or big purchases?

Rates, home prices and timing are just a few things to think about in today's home equity borrowing market.

05/01/2026

Rising oil prices can ripple through your budget. Higher gas and diesel can lift shipping costs, airfare, groceries, home heating, and goods made from plastics.

Kiplinger breaks down what typically gets more expensive and why. Now’s a good time to review spending, adjust savings goals, and plan for seasonal energy costs.

What parts of your budget are most flexible when costs jump?

Oil prices affect more than gas. Here's what could get more expensive next.

04/13/2026

April is the perfect time for a spring refresh.

Check out Bob Vila’s “must-do” April projects to help you protect your homes, boost curb appeal, and prep for warmer days.

From seasonal maintenance to outdoor cleanups and simple safety checks, a few weekend wins now can prevent costly repairs later.

What spring project are you tackling first, and what’s motivating your choice?

Get your outdoor space shipshape now that the weather is warming up.

04/03/2026

The wide assortment of mixed signals in the housing market and global economy can have you wondering which way is up.

Check out the latest on where mortgage rates and homebuyer sentiment are at.

Would you be part of the 25% stating they are delaying buying a home, car, or other significant item due to the international conflict?

Concerns about the war in Iran are adding to widespread economic anxiety as mortgage rates — which recently hit three-year lows — start ticking back up.

03/30/2026

Are you tired of having the same uncomfortable conversation about finances with your significant other and making no progress?

Check out this list of great tips to help you get on the same page and set a budget and goals that works for everyone.

These tips will help newly married or partnered couples get on the same page to achieve your financial goals, without the drama.