Posts Tagged ‘Mortgage loans National City’
Refinancing Out of Your Low Rate Sometimes Makes Sense
Refinancing Out of Your Low Rate Sometimes Makes Sense Switching from an Adjustable-Rate Mortgage (ARM) to a Fixed Rate – If your ARM is about to adjust to a significantly higher rate, locking in a fixed rate can provide stability and predictability in payments. Eliminating Private Mortgage Insurance (PMI) – If your home value has…
Read MoreMortgage Payoff Hack
Mortgage Payoff Hack If you’re looking to pay off your mortgage faster, here are some smart “mortgage hacks” that can help you save on interest and become debt-free sooner: Biweekly Payments Instead of making one monthly payment, switch to a biweekly payment schedule. This results in 26 half-payments per year, which equals 13 full…
Read MoreZero Down Conventional Loans
Zero Down Conventional Loans for first time home buyers HOT OFF THE PRESS!! You can now buy a home without a down payment. Owning a home with zero down payment Conventional loans can offer several benefits: Immediate Homeownership: One of the most significant benefits is that you can become a homeowner without having to…
Read MoreNew Conforming Loan Limit
New Conforming Loan Limit The conforming loan limit is adjusted annually based on the Federal Housing Finance Agency’s (FHFA) assessment of changes in home prices. The new conforming loan limits for a given year are typically announced in November or December of the preceding year but was announced early this year and is now $750K.…
Read MoreBuy units with only 5 percent down payment
Buy units with only 5 percent down payment Yes, you heard right! You can now purchase 2-4 unit properties with only 5% down payment Conventional financing. In the past to purchase a 2-4 unit property with Fannie Mae conventional financing, you would’ve needed a minimum of 15% down. You of course would need to live…
Read MoreMy Mortgage Promise: Delivering Dreams to Your Doorstep
My Mortgage Promise: Delivering Dreams to Your Doorstep Integrity As a mortgage lender, my promise is to always act with integrity. This means being honest and transparent with my clients about the lending process, fees, and any potential risks involved. I strive to ensure that my clients fully understand their mortgage options and make informed…
Read MoreFactors That Impact Your Credit Score
Factors That Impact Your Credit Score There are many factors that can impact your credit score. Hope this helps give you an overview of how credit scores work. Payment history: This is the most important factor that impacts your credit score. Late payments, collections, and bankruptcies can have a negative impact. Credit utilization: This is…
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