Saturday Strategy
Mortgage FAQ's, did you knows and much more...
Help with down payment is not just for first time home buyers
I wanted to quickly share a video about a fantastic down payment assistance program we launched about a month and a half ago call Luminate PATH National Down Payment Assistance Program
Here are the highlights:
- It's not just for first-time homebuyers; anyone can benefit.
- You can keep your current home if you own one and rent it out.
- No need to sell your current house if you're looking to move.
- There is a forgivable option and a repayable option
- No income limits
These guidelines offer flexibility. While I'm summarizing here, feel free to reach out for more details. The reason behind this video is to shed light on the available options, especially with soaring housing costs and rates. Buying a house and saving for a down payment can be tough right now, but there are solutions.
Thank you for being amazing clients. Wishing you a wonderful weekend. Feel free to share this video with anyone who might benefit. Have a great day!
Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan.
* DISCLOSURE: The results above are based on (i) information provided by you, (ii) estimates of interest rates, closing costs,another amounts, and your tax bracket (iii) currently available loan programs and (iv) information and assumptions that may or may not have been previously discussed with your Home Loan Specialist, all of which might change over time. The interest rates, annual percentage rates (APRs), discount points and rebates shown are subject to change without notice. This is not a credit decision or a commitment to lend.
P.S. Can I count on you to call us when any friends, family or coworkers are looking to buy, sell or refinance a home? We'd love to help! You can just text/call me at 480.553.8770.
* Did you know we can finance in 45 states?
Where Will You Go If You Sell? You Have Options.
Kevin Brierton – 1.30.2023 There are plenty of good reasons you might be ready to move. No matter your motivations, before you list your current house, you need to consider where you’ll go next. In today’s market, it makes sense to explore all your options. That includes both homes that have been lived in before as well…
Why It Makes Sense To Move Before Spring
Kevin Brierton – 1.26.2023 Spring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing it’s the best time to find a home. However, that isn’t always the case when you factor in the competition you could face with other buyers at that time of year.…
Why You Shouldn’t Fear Today’s Foreclosure Headlines
kevin Brierton – 1.25.2023 If you’ve seen recent headlines about foreclosures surging in the housing market, you’re certainly not alone. There’s no doubt, the stories in the media can be pretty confusing right now. They may even make you think twice about buying a home for fear that prices could crash. The reality is, the data shows…
The 3 Factors That Affect Home Affordability
Kevin Brierton – 1.24.2023 If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares: “. . . with slowly improving affordability and…
Want To Sell Your House? Price It Right.
Kevin Brierton – 1.23.2023 Last year, the housing market slowed down in response to higher mortgage rates, and that had an impact on home prices. If you’re considering selling your house soon, you’ll want to adjust your expectations accordingly. As realtor.com explains: “. . . some of the more prominent pandemic trends have changed, so sellers might wish…
Pre-Approval in 2023: What You Need To Know
Kevin Brierton – 1.19.2023 One of the first steps in your home-buying journey is getting pre-approved. To understand why it’s such an important step, you need to understand what pre-approval is and what it does for you. Business Insider explains: “In a preapproval [sic], the lender tells you which types of loans you may be eligible to take out, how much you…
These 3 Tips Can Improve Your Credit Score by up to 30%
Source: Momentifi THESE 3 TIPS CAN IMPROVE YOUR CREDIT SCORE BY UP TO 30% Your balance-to-limit ratio looks at the balance you owe vs. your available credit lines. This has a 30% impact on your score. Keeping your credit balances below 50% of your available limit is very important. Keeping your balances below 30% of your available…
FIVE THINGS THAT IMPACT YOUR CREDIT SCORES
HOW ARE CREDIT SCORES CALCULATED? Your credit scores usually determine the price you pay for your money (mortgages, auto loans, auto leases, credit cards, business loans, etc.). Perhaps the most significant part of your credit report is your credit score. Credit scores range from 350 to 850, with 850 being the best possible credit score,…
Have Home Values Hit Bottom?
Kevin Brierton – 1.18.2023 Whether you’re already a homeowner or you’re looking to become one, the recent headlines about home prices may leave you with more questions than answers. News stories are talking about home prices falling, and that’s raising concerns about a repeat of what happened to prices in the crash in 2008. One of the questions that’s on…
Think Twice Before Waiting for 3% Mortgage Rates
Kevin Brierton – 1.17.2023 Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and some decided to press pause on their…
P.S. Can I count on you to contact me if you hear that a friend, family or coworker is looking to buy, sell or refinance? Call/Text 480.553.8770 - We'd be honored to help them too!