by admindan | Mar 8, 2022 | Loan Programs, Money Tip
Do you want the best Home Equity Line of Credit or fixed rate 2nd loan? All types of lenders offer these loans, but the terms may be dramatically different: high margins, high fees, challenging requirements, etc. Solution: Dan the Man has researched over 40 lenders to...
by admindan | Mar 1, 2022 | Loan Programs, Money Tip
What if when you’re purchasing a home the seller requires you to close in 21 days versus the normal 30 days? The scenario for Bob and Ellen on an $850,000 loan, $900,000 purchase price, 740 FICO, single family home, 30-year fixed rate: Lender A is offering...
by admindan | Feb 15, 2022 | Loan Programs, Money Tip
Solution: One lender is offering an AWESOME loan program. Purchase: 660 credit score or higher 95% LTV to $850k loan amount 90% CLTV, 80% 1st, 10% HELOC to $2.5 million loan 80% CLTV, 70% 1st, 10% HELOC to $3 million loan Purchase example: Home value $2.5 million...
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,...
by admindan | Jan 4, 2022 | Loan Programs, Money Tip
Have you heard rates have been rising lately? Did you see the local newspapers post 3.125% as the new average 30-year fixed rate? That may be for them, but not for my clients. Solution: Justin is receiving this BEST rate versus other lenders because this is a purchase...
by admindan | Dec 14, 2021 | Loan Programs, Money Tip
Have you ever heard the saying, “Fail to Plan, Plan to Fail?” In mortgage lending, I see people fail at receiving a loan to purchase their ideal home too often. To succeed, follow this plan: Know your mortgage credit score and credit history. Go to MyFICO.com to...
