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 | 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...
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...
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...
