Wednesday, November 20, 2024

Here's A Cool Calculator That Can Help You Decide If It's The Right Time To Buy A House...

 mortgage lenders near me

If you are thinking about buying a house, but you aren’t really sure if it’s the right move for you – I have something you might be interested in.

MGIC came out with this Buy Vs Wait Calculator.  It helps give you information on whether you should go ahead and buy now or wait.  This is based on your numbers.

Try it out and see how it works for you:  https://host.visualcalc.com/mgiccalcs/buywait.jsp

If any of your friends, family, or coworkers need help with financing – please have them contact our offices.  We love helping people buy and refinance houses!

Thanks for reading!

Brett

 

Get Pre Approved For A Loan Here
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Monday, November 18, 2024

How To Get A Loan With Foster Care Income...

 Mortgage Broker Advisor

If you receive money from the State or a County sponsored organization for providing foster care for children you can use this money as income to get a mortgage.

Foster care income is considered acceptable stable income as long as the borrower has a 2 year history of providing foster care services.

To prove this income we would need…

• Letters from the organizations providing the income.

• Copies of the borrower’s signed federal income tax returns that were filed with the IRS, or

• Copies of the borrower’s deposit slips or bank statements that confirm the regular deposit of the payments.

That’s it for today!

Have a good day today! …and thanks for reading.

Brett

Get Pre Approved For A Loan Here
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Wednesday, November 13, 2024

Two Ways To Help Pay Your Property Taxes...

 Mortgage Broker AdvisorYour property tax bill usually comes out in late November, or early December.

There are two issues I see every year with regard to property taxes. …Issues that put people in tough spots.

1) Some people who have non escrowed loans just don’t have the money saved up to pay their property taxes. …They might have had the money, but had to use it in an emergency. …Or any number of other things.

2) Some people have an escrow account on their mortgage – but their mortgage company didn’t collect properly. This often results in an arrearage… Which means your payments go way up until the escrow is caught up.

If you are in either one of these situations – there’s usually an easy fix for it. …Refinancing.

We can often refinance someone in either one of these situations, and we pay the property taxes through the new refinance loan.. …Not only that, but usually at a lower rate and payment than they have now.

Please let us know if you have more questions about how this refinance works.

That’s it for today!

Have a good day today! …and thanks for reading.

Brett

Get Pre Approved For A Loan Here
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