by admindan | Nov 16, 2022 | Financial Information, Money Tip
Home buyers, home sellers and realtors, here is a great tip to help get a home sold, purchased and save money. Solution: Seller paid discount points allow the buyer to get a lower permanent rate and qualify for more house, and potentially same payment they qualified...
by admindan | Nov 8, 2022 | Credit Report, Money Tip
One of the best ways for you to prepare for your next mortgage loan to purchase a home is to increase your credit score to 740+ to get access to the best loan programs and lowest rates. Yes, mortgage rates are rising and are expected to keep rising in the next 6-9...
by admindan | Nov 1, 2022 | Loan Programs, Money Tip
Yes, mortgage rates are expected to go higher in the near term, but should decline in 1 to 5 years as the Federal Reserve combats inflation. So, how do you save the most amount of money on your mortgage loan? Solution: 10/1 ARMs at a much lower rate. Below are a few...
by admindan | Oct 25, 2022 | Loan Programs, Money Tip
Since mortgage rates are so high now and expected to rise more, you could save a ton of money by asking the seller if they have an FHA or VA mortgage loan at a low fixed rate that you could assume. If the seller has 3% rate loan versus minimum 6%+ today n $600k loan...
by admindan | Oct 18, 2022 | Loan Programs, Money Tip
Are you looking to purchase a home? Scared mortgage rates are increasing too much? Do you want to Lock in the rate NOW while you shop for ANY home? Awesome Solution: Lock and Shop loan program, new or used home! Loan scenario: 15% down, $1.2 million purchase price,...
by admindan | Oct 4, 2022 | Loan Programs, Money Tip
Are you looking to secure purchasing a home before selling your current home? Problem: Most lenders will calculate your debt-to-income ratio by including both current mortgage payment and new mortgage payment, so there is no way to purchase before selling your current...
