Anthony R. Franzese’s Post

Incorporate this into your home-buying strategy 🏡 ❌ Myth: Your initial mortgage payment follows immediately after closing. ✅ Fact: Your first payment covers the first complete month post-closing. If this seems counterintuitive, it's crucial to grasp two essential aspects of mortgages: Interest is settled in arrears (after the fact), while the principal is settled in advance (prior to). Bonus Tip: To minimize the upfront costs at closing, consider closing towards the month's end. For a lengthier gap between closing and your first mortgage payment, opt for a closing date at the beginning of the month. If you're aiming to buy before fall, let's have a conversation. Cristen Quinones, REALTOR® Your Local Real Estate Agent The Quinones Group INC Realty 📲 (469) 556-8184 💌 [email protected] #cristenquinones #cristensoldit #thequinonesgroup #SellerRepresentativeSpecialist #homebuying101 #WishList #DreamHome #homeselling #dfwrealtor #RealtorLife #InvestWisely #RealEstateRoyalty #HomefrontHustle #ClosingDealsDaily #buyinghomes

Buying a home is an exciting milestone, but it can also be a complex process. Before you start looking for a home, it’s important to get pre-approved for a mortgage. A pre-approval will give you an idea of the price range of homes you can afford and also demonstrate to sellers that you’re serious about buying. If you’re ready to buy a home, give me a call to get pre-approved first. I’ll work with you to review your credit, income and other financial factors to determine the mortgage amount and loan terms that are right for you. I’ll also guide you through the pre-approval process so that you can make an offer on a home with confidence. Take the first step towards homeownership today and give me a call to get pre-approved. 317-538-9825 #realestate #mortgage #preapproved #homesweethome #homebuying #buyingahome #homeownership #dreamhome #bradniccum

Homebuying Myth Busted! 💡 Are you planning to buy a home and got prequalified or preapproved for a mortgage? It's an exciting step! But here's the truth: Many people believe that the rate quoted during this stage is set in stone for their dream home. 🚫 Your rate is not guaranteed until it's locked in.   It could take days, weeks, or even months to find that perfect home, and interest rates can fluctuate during that time. ⏳ We want you to be well-informed on your home buying journey. That's why our team is here to guide you through the process and help you secure the best rate when you find the home you love. 🤝 Reach out to us today with any questions you have! 📲 503.550.8842 #LitchfieldPark #LitchfieldParkAZ #LukeAirforceBase #ArizonaRealEstate #ArizonaRealtor #MovingtoArizona #MortgageBrokers #MortgageSolutions #MortgageSpecialist #MortgageandCreditPro | Equal Housing Lender | NMLS #101770

Do you want to buy a home in Clovis but can't figure out the mortgage process? You're not alone. The mortgage process can be complex and intimidating, but with the right guidance, it becomes manageable. Here are some tips to help you out: 1. Understand Loan Types 🏦: Start by understanding the different types of loans available and which one best suits your financial situation. 2. Get Pre-Approved 📜: This step not only shows sellers that you're a serious buyer but also helps you understand how much home you can afford. 3. Work with a Trusted Lender 🤝: Find a lender who can clearly explain the terms and conditions and help you navigate any obstacles. 4. Partner with a Knowledgeable Real Estate Agent 🗝️: From finding the right property to negotiating the best deal, having an expert on your side is invaluable. Ready to simplify your home buying journey in Clovis? Contact us today for expert mortgage advice and personalized service. Visit our website to get started. #ClovisHomeBuyers #MortgageTips #HomeBuyingProcess #RealEstateAdvice #PreApproval #TrustedLender #HomeOwnershipJourney

Do you want to buy a home in Clovis but can't figure out the mortgage process? You're not alone. The mortgage process can be complex and intimidating, but with the right guidance, it becomes manageable. Here are some tips to help you out: 1. Understand Loan Types 🏦: Start by understanding the different types of loans available and which one best suits your financial situation. 2. Get Pre-Approved 📜: This step not only shows sellers that you're a serious buyer but also helps you understand how much home you can afford. 3. Work with a Trusted Lender 🤝: Find a lender who can clearly explain the terms and conditions and help you navigate any obstacles. 4. Partner with a Knowledgeable Real Estate Agent 🗝️: From finding the right property to negotiating the best deal, having an expert on your side is invaluable. Ready to simplify your home buying journey in Clovis? Contact us today for expert mortgage advice and personalized service. Visit our website to get started. #ClovisHomeBuyers #MortgageTips #HomeBuyingProcess #RealEstateAdvice #PreApproval #TrustedLender #HomeOwnershipJourney

🏡 Are you a prospective home buyer? Researching types of mortgages is just as crucial as looking into the neighborhoods you’re considering! Applying for a home loan can be complex, but understanding which type of mortgage suits your needs early on can help you find the perfect home within your budget. 🔍 Dive into our latest article to explore different mortgage loan types, their advantages and disadvantages, and the requirements that influence your rate, loan terms, and lender choices. 🏠 Make an informed decision to find the mortgage that best fits your financial situation and home-buying goals. 🌟 Let the professionals at Rex Edwards Jr., Broker, guide you in finding your dream property in Texas Hill County today! 👉 Read more to become an informed homebuyer and navigate the mortgage landscape with confidence! https://lnkd.in/guS_3g9Z Colum Malcolmson and Brian Piercy #HomeBuying #Mortgages #RealEstate #HomeLoans #FirstTimeHomeBuyer #RealEstateTips #DreamHome #TexasHillCounty

Thinking about buying a home? Don't let high mortgage payments hold you back! Consider a temporary interest rate buydown. -A temporary buydown is a mortgage financing option that allows you to lower your interest rate for the first one and/or two years of your loan. This can save you thousands of dollars on your monthly payments, making it easier to afford your dream home. -In the example below, a 2-1 temporary buydown would save you $846.33 per month in the first year and $433.88 per month in the second year. That's a total savings of over $15,000 over the first two years! -Temporary buydowns are a great option for first-time homebuyers or anyone who is looking to save money on their monthly mortgage payment. Contact me today to learn more about temporary buydowns and how they can make buying a home more affordable. #loanofficer #mortgagebroker #firsttimehomebuyer #fairwaynation

Searching for homes before you are pre-approved for a mortgage is setting yourself up for disappointment, and potentially wasting your valuable time. Keep in mind, too, that many buyer agents will not show you homes until they know you have been pre-approved. Sellers, too, may refuse to allow their homes to be shown to buyers not yet pre-approved. You shouldn’t wait to get pre-approved right before you begin your search. You could be hit by a nasty surprise that prevents you from qualifying or not qualifying for the best loan and terms possible. Meeting now with a lender will give you time to improve or create credit, pay off or down debts, save a bit more money, organize verifying documentation, file tax returns, and resolve issues in your credit report. In sum, getting pre-approved before you begin your search benefits everyone in the process. Contact me for a list of a qualified local lenders with whom you can consult today to get you prepared for a successful home buying process. #realestate #homeloans #mortgagepreapproval #homebuyers #homebuying #homesforsale #montroserealestate #ridgwayrealestate #ourayrealestate

🏡🔑 Buying a home for the first time can be an exciting yet daunting process. But don't worry, Khaled Ali is here to guide you every step of the way! The first step in the home buying process is to get pre-approved for a mortgage. This will give you an idea of how much you can afford and show sellers that you are serious about buying. It's important to remember that just because you're pre-approved for a certain amount doesn't mean you have to spend that much. Always stick to your budget and make sure you're comfortable with your monthly mortgage payments. 🏡🔑 #KhaledAliRealtor #FirstTimeHomeBuyer #RealEstateTips

Attention all potential home buyers! As a real estate agent, we know that the process of buying a house can be overwhelming. One important aspect to keep in mind is what mortgage lenders are looking for. That's where our expertise comes in! With years of experience in the industry, we have a deep understanding of what lenders are looking for when it comes to approving a mortgage. From credit scores to debt-to-income ratios, we can help you navigate through the requirements and increase your chances of securing a mortgage. Let us use our knowledge to guide you towards your dream home! Don't let the fear of not knowing hold you back, let's work together and make your homeownership dreams a reality. #RealEstateExpert #MortgageLenders #HomeBuyingTips #Artofthesale