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    Michael McDermott

    @michaelmcdermott

    24+ Years of expertise

    Michael McDermott - The McDermott Team

    The McDermott Team

    Mortgage Loan Officer

    4.9 · 955 reviews on Experience.com

    3200 E Camelback Rd, 130Phoenix, AZ 85018
    15Articles

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    About Michael

    A graduate of Arizona State University, Michael McDermott began his career in the mortgage industry as a telemarketer. Soon after he began, he was promoted to a position as a Loan Officer so that he could use his ability to communicate loan options clearly and effectively to potential home buyers. This experience allowed him to work closely with Realtors and Builders alike while facilitating the financing for the buyer. Since then, Michael has built a business which handles a high volume of tran

    The McDermott Team
    Michael McDermott - The McDermott Team
    Website
    themcdteam.com
    Member since
    July 2026

    Michael's Articles

    Paused Your Home Search in October? Here's How I'd Restart It

    Home Buying

    Paused Your Home Search in October? Here's How I'd Restart It

    Nov 10, 2026·5 min read·30
    Home Buying
    Mortgage Rates
    Seller Credits on a Phoenix Resale: Why I'd Point Them at Your Rate

    Seller Credits

    Seller Credits on a Phoenix Resale: Why I'd Point Them at Your Rate

    Nov 3, 2026·6 min read·60
    Seller Credits
    Mortgage Rates
    The New Housing Order and Your Mortgage Insurance: What's Real Today

    Mortgage Insurance

    The New Housing Order and Your Mortgage Insurance: What's Real Today

    Oct 27, 2026·5 min read·40
    Mortgage Insurance
    pmi
    Is a 7/6 ARM Worth a Look Right Now? How It Actually Works

    ARM

    Is a 7/6 ARM Worth a Look Right Now? How It Actually Works

    With ARM applications hitting a one-year high, Michael McDermott breaks down how 7/6 SOFR ARMs work, the risks, and who they actually benefit.

    Oct 21, 2026·8 min read·420
    ARM
    Mortgage Rates
    Will Fed Hikes Raise Phoenix Mortgage Rates?

    Mortgage Rates

    Will Fed Hikes Raise Phoenix Mortgage Rates?

    Michael McDermott of NEXA Lending explains why a Federal Reserve rate hike doesn't automatically mean higher mortgage rates for Phoenix and Maricopa County…

    Oct 19, 2026·2 min read·290
    Mortgage Rates
    Federal Reserve
    FHA, VA, or Conventional: The Real Cost of a Low Rate

    mortgage

    FHA, VA, or Conventional: The Real Cost of a Low Rate

    A lower FHA or VA rate can look like the win, but mortgage insurance and fees decide the real cost. Here's how to compare the three loans on your own numbers.

    Oct 14, 2026·8 min read·50
    mortgage
    FHA Loans

    Showing 6 of 15 articles

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