Arizona
Why a Client Gave Up a 3.25% Rate to Save $1,591
A Phoenix homeowner traded a 3.25% mortgage for a 6.99% cash-out refinance — and cut monthly outflows by $1,591.
Sep 30, 20267 min read70
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Michael McDermott
@michaelmcdermott
24+ Years of expertise
Michael McDermott - The McDermott Team
The McDermott Team
Mortgage Loan Officer
3200 E Camelback Rd, 130Phoenix, AZ 85018
9Articles
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
Phoenix
Phoenix New Build Buydowns: What to Ask at 7% Rates
Shopping a new build in Maricopa County? Here is how to audit a builder rate buydown and credit to see whether you are actually saving — or just getting a…
Sep 22, 20267 min read91
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…
Sep 15, 20261 min read70
Debt Consolidation
Cash-Out Debt Consolidation: Does the Math Work?
With the average credit card APR near 21%, rolling high-interest debt into mortgage debt can cut monthly costs.
Sep 8, 20269 min read70
Phoenix Housing
Phoenix Homebuyers: Compare the Deal, Not Just the Price
National housing headlines don't tell the whole story. Learn why Phoenix buyers should focus on total deal value rather than just the sticker price in this…
Sep 1, 20264 min read170
Kevin Warsh
What Fed Chair Kevin Warsh Actually Said at Jackson Hole
Fed Chair Kevin Warsh just signaled a major shift in how the central bank communicates. Here is what his Jackson Hole debut means for mortgage rates.
Aug 28, 20264 min read180
Kevin Warsh
Jackson Hole
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