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  • myhomemortgagesolution
    Mortgage Loan Originator
    @myhomemortgagesolution

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Spread the word and let’s close all your leads 💸💸💸💰💰💰
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It’s common to put 20% down, but many lenders now permit much less, and first-time home buyer programs allow as little as 3% down. But putting down less than 20% may mean higher costs and paying for private mortgage insurance, and even a small down payment can still be hefty. For example, a 5% down payment on a $200,000 home is $10,000.
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The amount you put down also affects your monthly mortgage payment and interest rate. If you want the smallest mortgage payment possible, opt for a 30-year fixed mortgage. But if you can afford larger monthly payments, you can get a lower interest rate with a 20-year or 15-year fixed loan
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It’s common to put 20% down, but many lenders now permit much less, and first-time home buyer programs allow as little as 3% down. But putting down less than 20% may mean higher costs and paying for private mortgage insurance, and even a small down payment can still be hefty. For example, a 5% down payment on a $200,000 home is $10,000. . The amount you put down also affects your monthly mortgage payment and interest rate. If you want the smallest mortgage payment possible, opt for a 30-year fixed mortgage. But if you can afford larger monthly payments, you can get a lower interest rate with a 20-year or 15-year fixed loan . #myhomemortgagesolution  #miami  #money  #realtor  #realestate  #realtors  #realestateagent  #realtorlife  #loantips  #buyers  #firsttimehomebuyer 
This is the best option for condos, jumbo, or to avoid PMI. We use only one underwriter so we make it easy for you and your clients.
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There is a program for everybody, but if your client want to go with the regulars like FHA, Conventional, VA, here are the minimum waiting period.
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If you have a client with one of this problems then NICHE will be the program for them.
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Adjustable Rate Mortgage (ARM)? .
An adjustable rate mortgage (ARM) is a type of loan where the interest rate may go up or down. Many ARMs start at a lower interest rate than fixed rate mortgages. This initial rate may stay the same for months, one year, or a few years. When this introductory period is over, your interest rate will change and the amount of your payment is likely to go up. Part of the interest rate you pay will be tied to a broader measure of interest rates, called an index. Your payment goes up when this index of interest rates moves higher. When interest rates decline, sometimes your payment may go down, but that is not true for all ARMs. Some ARMs set a cap on how high your rate can go and some may limit how low the rate can go.
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#myhomemortgagesolution #realtor #realtors #realestate #realtorlife #realestateagent #arm #miami #orlando #ftlauderdale #entrepreneur
Adjustable Rate Mortgage (ARM)? . An adjustable rate mortgage (ARM) is a type of loan where the interest rate may go up or down. Many ARMs start at a lower interest rate than fixed rate mortgages. This initial rate may stay the same for months, one year, or a few years. When this introductory period is over, your interest rate will change and the amount of your payment is likely to go up. Part of the interest rate you pay will be tied to a broader measure of interest rates, called an index. Your payment goes up when this index of interest rates moves higher. When interest rates decline, sometimes your payment may go down, but that is not true for all ARMs. Some ARMs set a cap on how high your rate can go and some may limit how low the rate can go. . #myhomemortgagesolution  #realtor  #realtors  #realestate  #realtorlife  #realestateagent  #arm  #miami  #orlando  #ftlauderdale  #entrepreneur 
Products are very important in this business, that way you get the opportunity to help more people making their dream a reality. Don’t say NO to a client, each situation is different.
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🏘 When planning your future don’t forget to review your monthly spending plan to estimate what you can afford to pay for a home, including the mortgage, property taxes, insurance, and monthly maintenance and utilities. .
Make sure you save for emergencies. Plan ahead to be sure you will be able to afford your monthly payments for several years. .
Check your credit report to make sure that the information in it is accurate. A higher credit score may help you get a lower interest rate on your mortgage.
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#myhomemortgagesolution #planning #futurehome #newhome #newhouse #realtor #miamirealtor
🏘 When planning your future don’t forget to review your monthly spending plan to estimate what you can afford to pay for a home, including the mortgage, property taxes, insurance, and monthly maintenance and utilities. . Make sure you save for emergencies. Plan ahead to be sure you will be able to afford your monthly payments for several years. . Check your credit report to make sure that the information in it is accurate. A higher credit score may help you get a lower interest rate on your mortgage. . #myhomemortgagesolution  #planning  #futurehome  #newhome  #newhouse  #realtor  #miamirealtor 
👍So true 🤣 just ask polite to get quality first that way you’ll know how much they can afford and focus on what is important to your clients. People like and do business with professionals no with average.
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The MCC is not down payment assistance but rather a dollar-for-dollar reduction in your federal tax liability.
The MCC allows a borrower to take 50% of their annual mortgage interest as a tax credit (maximum $2,000) while continuing to use the balance of the interest as a deduction.  The MCC Program tax credit is up to $2,000 EVERY YEAR FOR THE LIFE OF THE LOAN as long as the property remains the borrower’s principal residence. .
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The MCC is not down payment assistance but rather a dollar-for-dollar reduction in your federal tax liability. The MCC allows a borrower to take 50% of their annual mortgage interest as a tax credit (maximum $2,000) while continuing to use the balance of the interest as a deduction. The MCC Program tax credit is up to $2,000 EVERY YEAR FOR THE LIFE OF THE LOAN as long as the property remains the borrower’s principal residence. . #myhomemortgagesolution  #realtor  #realestate  #realtors  #realtorlife  #miamirealestate  #miami  #ftlauderdale 
Buying a home can be nerve-racking, especially if you’re a first-time home buyer.
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These tips will help you navigate the process, save money and avoid common mistakes. Of course this is just the basic, contact me for a full consultation 👆
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Hooo so true.🤣🤣🤣
When you're buying a home using a mortgage, refinancing your existing mortgage, or selling your home to anyone other than an all-cash buyer, the home appraisal is a key component of the transaction. Whether you're a buyer, owner or seller, you'll want to understand how the appraisal process works and how an appraiser determines a home's value.
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What Is a Home Appraisal?
An appraisal is an unbiased professional opinion of a home's value. Appraisals are almost always used in purchase and sale transactions and commonly used in refinance transactions. In a purchase and sale transaction, an appraisal is used to determine whether the home's contract price is appropriate given the home's condition, location, and features. In a refinance, it assures the lender that it isn't handing the borrower more money than the home is worth. .
#myhomemortgagesolution #realestate #realtor #realestateagent #realtorlife #realtors #miamirealestate #miami #ftlauderdale
Hooo so true.🤣🤣🤣 When you're buying a home using a mortgage, refinancing your existing mortgage, or selling your home to anyone other than an all-cash buyer, the home appraisal is a key component of the transaction. Whether you're a buyer, owner or seller, you'll want to understand how the appraisal process works and how an appraiser determines a home's value. . What Is a Home Appraisal? An appraisal is an unbiased professional opinion of a home's value. Appraisals are almost always used in purchase and sale transactions and commonly used in refinance transactions. In a purchase and sale transaction, an appraisal is used to determine whether the home's contract price is appropriate given the home's condition, location, and features. In a refinance, it assures the lender that it isn't handing the borrower more money than the home is worth. . #myhomemortgagesolution  #realestate  #realtor  #realestateagent  #realtorlife  #realtors  #miamirealestate  #miami  #ftlauderdale 
Sometimes we need to stop and recharge the batteries, look at the big picture, revisit the plan and see what we need to change. In order to be the best you need to adapt to a new situations, the good thing is that you learn from all of those experiences and become a better person.
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1. Eligible homebuyers are not required to have a down payment in most cases - typically cited as the greatest VA loan benefit. Conventional loans generally require a 5 percent down payment, and FHA loans require 3.5 percent.
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2. No monthly mortgage insurance premiums or PMI to pay. FHA loans come with both an upfront and an annual mortgage insurance charge. Conventional buyers typically need to pay for private mortgage insurance unless they’re making a down payment of 20 percent or more.
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3. Limitation on buyer's closing costs. Sellers can pay all of a buyer’s loan-related closing costs and up to 4 percent in concessions.
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4. Lower average interest rates than other loan types. VA loans continue to have the lowest average interest rates of all loan types.
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5.No prepayment penalties. VA buyers can pay off a loan early without any financial penalties.
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#myhomemortgagesolution #realestate #realtor #realtors #realestateagent #realtorlife #miami #ftlauderdale #florida
1. Eligible homebuyers are not required to have a down payment in most cases - typically cited as the greatest VA loan benefit. Conventional loans generally require a 5 percent down payment, and FHA loans require 3.5 percent. . 2. No monthly mortgage insurance premiums or PMI to pay. FHA loans come with both an upfront and an annual mortgage insurance charge. Conventional buyers typically need to pay for private mortgage insurance unless they’re making a down payment of 20 percent or more. . 3. Limitation on buyer's closing costs. Sellers can pay all of a buyer’s loan-related closing costs and up to 4 percent in concessions. . 4. Lower average interest rates than other loan types. VA loans continue to have the lowest average interest rates of all loan types. . 5.No prepayment penalties. VA buyers can pay off a loan early without any financial penalties. . #myhomemortgagesolution  #realestate  #realtor  #realtors  #realestateagent  #realtorlife  #miami  #ftlauderdale  #florida 
Buying a condo is a lot like purchasing a “regular” home, but with one big difference, mortgages are tougher to come by.
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Lenders impose a different set of rules on you when you buy a condo. They may sometimes increase your interest rate.
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The most experienced and professional mortgage lenders can help you navigate the condo financing maze. A mortgage lender who’s looking out for your best interest can help you beat the system.
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#myhomemortgagesolution #realtor #realtorlife #realestate #realtors #miamirealestate #miamirealtor #floridarealestate #miami #condo
Buying a condo is a lot like purchasing a “regular” home, but with one big difference, mortgages are tougher to come by. . Lenders impose a different set of rules on you when you buy a condo. They may sometimes increase your interest rate. . The most experienced and professional mortgage lenders can help you navigate the condo financing maze. A mortgage lender who’s looking out for your best interest can help you beat the system. . #myhomemortgagesolution  #realtor  #realtorlife  #realestate  #realtors  #miamirealestate  #miamirealtor  #floridarealestate  #miami  #condo 
Annual percentage rate, or APR, encompasses your mortgage rate plus other charges, including points, fees and additional charges you pay in order to get a loan. Because it includes additional fees, your APR is usually higher than interest rate.
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Your mortgage rate, or mortgage interest rate, is the cost you’ll pay each year to borrow your mortgage, expressed as a percentage rate. It doesn’t include any additional fees or charges. Your rate is usually lower than your APR.
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Annual percentage rate, or APR, encompasses your mortgage rate plus other charges, including points, fees and additional charges you pay in order to get a loan. Because it includes additional fees, your APR is usually higher than interest rate. . Your mortgage rate, or mortgage interest rate, is the cost you’ll pay each year to borrow your mortgage, expressed as a percentage rate. It doesn’t include any additional fees or charges. Your rate is usually lower than your APR. . #myhomemortgagesolution  #realtor  #realtorlife  #realtors  #realestate  #miami  #miamirealestate  #ftlauderdale 
Is your client a self-employed or 1099 wage earner and having a hard time getting pre-approved for a Florida mortgage?  We know the story. They have a great top line, but after the accountant works their magic there isn't much adjusted gross income left to buy a Florida home.

This product can help your client get a loan with only using their bank statement. Contact me for more detail 👆👆
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#myhomemortgagesolution #miami #ftlauderdale #realtor #realestate #realtors #realtorlife #miamirealestate
Is your client a self-employed or 1099 wage earner and having a hard time getting pre-approved for a Florida mortgage? We know the story. They have a great top line, but after the accountant works their magic there isn't much adjusted gross income left to buy a Florida home. This product can help your client get a loan with only using their bank statement. Contact me for more detail 👆👆 . #myhomemortgagesolution  #miami  #ftlauderdale  #realtor  #realestate  #realtors  #realtorlife  #miamirealestate 
If you’re in the market to purchase a home, a bank or mortgage company will be looking very closely at your finances. Your credit score is used to determine how big of a home loan you’ll be eligible for.

An excellent credit score means qualifying for a lower interest rate on your mortgage, which could mean significant savings over a 30-year term loan, and ultimately being able to afford a bigger and better home.
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#myhomemortgagesolution #realestate #realtor #realtors #realtorlife #miami #ftlauderdale #miamirealestate #credit
If you’re in the market to purchase a home, a bank or mortgage company will be looking very closely at your finances. Your credit score is used to determine how big of a home loan you’ll be eligible for. An excellent credit score means qualifying for a lower interest rate on your mortgage, which could mean significant savings over a 30-year term loan, and ultimately being able to afford a bigger and better home. . #myhomemortgagesolution  #realestate  #realtor  #realtors  #realtorlife  #miami  #ftlauderdale  #miamirealestate  #credit 
Lenders protect themselves with title insurance, private mortgage insurance and homeowners insurance, all funded by you, the homebuyer. 
Why shouldn’t you do the same?

Only +Plus covers you by protecting your down payment against unpredictable market losses, putting you back in control when life happens. With +Plus, it’s a great time to buy a home.

#myhomemortgagesolution #realtor #realestate #realtorlife #realtors #entrepreneur #ftlauderdale #miami #miamirealestate #miamirealtor
Lenders protect themselves with title insurance, private mortgage insurance and homeowners insurance, all funded by you, the homebuyer. Why shouldn’t you do the same? Only +Plus covers you by protecting your down payment against unpredictable market losses, putting you back in control when life happens. With +Plus, it’s a great time to buy a home. #myhomemortgagesolution  #realtor  #realestate  #realtorlife  #realtors  #entrepreneur  #ftlauderdale  #miami  #miamirealestate  #miamirealtor