Video Transcript hey everyone this is mortgage Mario so Iwant to walk you through an example loanestimate and closing costum so I kind of have this set up for afirst time home buyer putting down onlythree percent so a lot of first-timehome buyers just think hey I’m puttingdown three percent that means kind ofthis bottom …
What are closing costs? What is a loan estimate? Read More »
Higher FICO scores equal lower interest rates A good credit score is crucial for both your personal finances and your ability to become a homeowner. Yet many home buyers begin their journey without fully understanding their credit score and how it impacts their mortgage eligibility. Raising your credit score fast can be done, and these …
How to increase your mortgage credit score, Mortgage Mario. Read More »
Buy a home and fix it up with Fannie Mae’s HomeStyle loan Renovating a home often means taking one loan for the purchase and another for the renovation. And sometimes you may need to refinance your mortgage to pay down the renovation loan. Talk about expensive and time-consuming! A HomeStyle Renovation loan can solve that …
Mortgage Mario Pre-Approval video transcript Buying a home is exciting but before you start shopping for a home consider getting a mortgage pre-approval not only does it show that you’re a serious buyer and qualified to purchase a home it’ll also speed up the loan process once you intend to buy during your pre-approval will …
video transcript Hello everyone this is Mario Cardenas with Affinity Home lending I’m a local a loan officer in Woodstock Georgia. so I want to show you really quick how easy it is for a borrower to complete a mortgage loan application better known as a fannie mae 1003 or urla that is an acronym …
Video Transcript if you’re in the market for a new home or refinance you’re probably hearing a lot about mortgage interest rates and you probably think the lower the rate the lower my monthly payment but the truth is the lowest interest rate doesn’t always mean the lowest payment for starters there are closing costs …
It is about the Mortgage Payment and Not the Interest rate Read More »
Whether you’re looking to buy a home with a VA loan or refinance through the VA, you’re going to have to use a VA appraisal. An appraisal is when lenders send an appraiser to evaluate your home and establish a “fair market value” for the property. Keep in mind this is not as thorough as …
The VA does have a form of home requirements, known as the Minimum Property Requirements, to ensure the property is a safe and sound investment for the homebuyer. A common question we receive is, “Do VA loans have home requirements?” The Department of Veterans Affairs utilizes a series of Minimum Property Requirements, or MPRs, that …
Understanding the VA’s Minimum Property Requirements Read More »
Being a first-time homebuyer can be an overwhelming experience, with brand-new concepts to learn and life-changing decisions to make. There are also plenty of fine details that are easy to overlook but can end up causing you problems if you don’t address them correctly with your independent mortgage broker and real estate agent. Here are …
4 First-Time Homebuyer Mistakes You Should Avoid Read More »
