Why Mortgage Brokers Could Cost You a Lot of $$$$$

by admindan | Feb 8, 2022 | Financial Information, Money Tip

Buyer/borrower beware!! Some mortgage brokers and lenders charge higher rates & fees. Problem: This week, a mortgage investor announced it is “increasing its Max Comp from $20,000 to $35,000.” What does that mean for YOU? The lenders selling the loan to this...

Self-employed? Don’t File Your 2021 Taxes Before Applying for a Mortgage Loan

by admindan | Feb 1, 2022 | Financial Information, Money Tip

Are you self-employed and considering a house or refinancing a mortgage loan? Do you want to get approved for the maximum loan amount? Solution: Apply for a mortgage loan months or years in advance. With the right highly qualified Loan Officer and right lender, they...

Money Tip: 6 Month Rate Lock on Builder Home, Before Rates Rise More

by admindan | Jan 25, 2022 | Uncategorized

Buying a home from a builder and want to lock the rate before rates rise more? Also, wondering if the builder’s suggested lender is competitive? Loan: 15% down payment, $884k loan, 724 FICO, condo Builders’ lender – 4.125% 30-year fixed, $5,000 towards closing...

Martin Luther King, Jr. – All men and women created equal

by admindan | Jan 17, 2022 | Holidays

Happy Martin Luther King, Jr. Day! Please consider celebrating this great holiday. “All Men are created equal” “I have a dream” “…judged by the content of their character” This is a good day to remember: 6 min. YouTube video of speech (short)   or   full...

Money Tip: 3% Mortgage Refinance Rate, 640 FICO, ACT NOW

by admindan | Jan 12, 2022 | Loan Programs, Money Tip

Are you wondering if you can still refinance down to 3% to save money? Interesting facts: Very few specific lenders do not change their rates daily based on the moving market Low credit scores may NOT = higher rates Example: Beth has a low credit score at 640,...