Wednesday, September 27, 2023

How To Have More Money And Less Stress At The End Of The Month...

 mortgage lenders near meIf you are carrying credit card debt the payments can be overwhelming.

On average, for every $10,000 of credit card debt your payment would be around $300 a month.

Something to consider...

Get cash out of your house to pay off all your credit card debt.

The payment on adding $10,000 to a thirty year mortgage at a 6.5% face rate would be $63, saving you $237 a month for every $10,000 of credit card debt you have.

This would alleviate stress in your life.  Less stress = happier life.

If a debt consolidation loan makes sense for you, or someone you know - please reach out to our office and see what we can do for you.

That's it for today!

Thanks for reading!

Brett

Get Pre Approved For A Loan Here
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Tuesday, September 26, 2023

How To Get Out Of A Reverse Mortgage If You Want...

 mortgage lenders near meI wanted to clear up a common misconception about Reverse Mortgages.

Please watch this very short video I just made explaining how Reverse Mortgages are more flexible than you might think…  http://somup.com/c3f1lJO67W

If you or someone you know wants to know if a Reverse Mortgage makes sense for you - please contact our office and let's see if we can answer your questions.

That’s it for today!

Have a great day!

Brett

Get Pre Approved For A Loan Here
My Previous Blog

Thursday, September 21, 2023

How Bank Statement Loans Work...

 Mortgage Broker AdvisorThese loans are designed for self employed people that have trouble proving their income through traditional means.

Very simply we take the aggregate deposits of your bank statements (can be personal or business) and use this for your income.

Variables of Bank Statement loans…

24 Months of bank statements.

12 Months of bank statements.

2 Months of bank statements.

1 Month bank statement.

The reason we offer multiple options for months is that sometimes a 12 month average won’t work as good for the borrower as one month.

We offer down payments as low as 10% on owner occupied bank statement programs.

We also offer multiple ways of calculating deposits, which is very helpful if there are issues with one calculation method.

Rates on these programs are usually only modestly higher than normal conforming rates.

If you or someone you know may benefit from this loan to purchase or refinance a house, please reach out to our offices.

Thanks for reading!

Have a great day!

Brett

Get Pre Approved For A Loan Here
My Previous Blog