Michael Dectis’ Post

It’s no secret that owning a home is a big responsibility that comes with a big price tag. Your mortgage payment (the money you pay towards your home loan) is just one of the things you’ll pay each month as a homeowner. You also have to pay for property taxes, HOA fees, homeowner’s insurance, and maintenance. While many of these things are rolled into your monthly loan payment, you need to pay close attention to them when you’re figuring out how much house you can afford. Your lender should provide a breakdown of your monthly payment before you close. Look through it carefully, and if you have any questions, ask your lender or your agent! Your goal here is to know exactly what your monthly payment is going to look like and understand all of the different components that go into that dollar amount. Then make sure you budget for it and that your budget is realistic! Want more tips like this? . . . #dreamhome #homebuyer #firsttimehomebuyer #homebuying #homesearch #househunting #homebuyingprocess #downpaymentassistance #homeequity #homeshopping #buyersagent #buyeragent #homeownership #homegoals #letstalkrealestate #wannabuyahouse

Mortgage 101 | What Are the Four C’s of Credit? How Lenders Qualify You for a Mortgage There’s no doubt that one of the most important and often daunting steps in the homebuying process is qualifying for a mortgage. By understanding what lenders look for – the four C’s of credit – you can set yourself up for success and a smooth-sailing mortgage underwriting process. Credit: Do you have a track record of consistently making payments on time? Capacity: Are you able to pay back the loan? Capital: Do you have assets, cash reserves, or other funds? Collateral: What property or possessions can you pledge as security against the loan? Source: Redfin Curious about how the Four C’s of Credit can open the door to your new home? 🏡 I've got the knowledge and expertise to guide you through the process! Don't hesitate to reach out with any questions or for personalized advice! 👇 Leslie Faught | DRE# 01027778 COMPASS 📲 (925) 784-7979 📧 [email protected] 🌐 www.lesliefaught.com #LeslieFaught #LeslieFaughtHomes #COMPASS #RealEstate #Realtor #Livermore #Pleasanton #CastroValley #SanRamon #Dublin #BayArea #TriValley #Properties #Investment #HomeForSale #CAR #NAR #Downsizing #BuyWithMe #Buying #Selling #ListingAgent #BuyerAgent #HomeSales

Instead of trying to time the real estate market, focus on the things you can control so you can buy a home before someone else does! 👇🏼 Prepare yourself financially. Get out of debt, clean up your credit and save up for a down payment. Get a preapproval letter from at least one mortgage lender once you're ready to shop for homes. Having a preapproval letter in hand shows the seller you're a serious contender in good financial standing. You also won't have to wait for a preapproval letter like some prospective buyers, which gives you a leg up. Make a list of must-haves in a house along with the factors you're willing to compromise on. This way, you won't have to take time to debate the pros and cons of buying a certain house. You'll know exactly what you're looking for, so you can make an offer quickly. You'll also want to work with a real estate agent who knows how to navigate a seller's market. 🙋🏻♂️🙋🏻♀️ 772.240.6466 #funnyfriday #teamgonzalezrealtors #thepowercouple #husbandandwife #brokerassociates #crs #gri #teamworkmakesthedreamwork #bestrealestateagents #dreamteam #realestate #realtorlife #treasurecoast #portsaintlucie #watsonrealtycorp

Closing on the purchase of a house is a process which finishes on the closing date when the seller, the buyer, the bank, and title company come together and seal the deal. As the buyer, you sign a stack of documents, pay closing costs, and receive the keys to your new home. Closing on a mortgage loan for a house is a complex, legal process in which the buyer becomes a homeowner. By following these ten steps to closing on a house, you should arrive at your closing with everything in order. #alberigiinsurance #homeowners #homeinsurance #homeownerspolicy #progressive #progressiveanswers

Answers to Common First-Time Home Buyer Questions: What credit score do I need to receive a home loan? The minimum credit score you need depends on the type of loan you’re applying for, the state you’re purchasing in and the lender you go with. The higher your credit score, the better interest rates you’ll receive. If you’re unsure about whether your credit score is where it should be, reach out and I can put you in touch with an expert. Diana Bendickson, Board of Ethics License# 93173 📱(206) 604-5794 #dianabendickson #dianabendicksonrealestate #RealEstateAgent #RealEstateBroker #RealEstate #ChampionsRealEstateServices #ChampionsRealEstate #bendicksonsellsrealestate #BoardofEthics #Listing #Sellers #Buyers #Staging #SeattleWA #EdmondsWA #PugetSoundRealEstate #WoodinvilleWA #WoodinvilleWineCountry #woodinvillehomes #woodinvillerealestate #hollywoodhillsrealestate #bestwoodinvilleview #edmondswashington #edmondshomes #bestedmondsrealestate #firsttimehomebuyer

In honor of #NationalSmallBusinessWeek, let's use this post to celebrate some of your favorite small businesses! The team at HarborOne Mortgage is proud to work with a variety of small businesses to help clients in their homebuying journey. Who do you support in your community? Show them some love and share them in the comments below!

Association fees? Rental percentages? Warrantable vs. non-warrantable? Navigating condo financing can seem like a maze. But it doesn't have to be. Here's how you can secure a loan for you new condo with confidence: 🤝 Partner with Specialists Work with lenders like Seattle Mortgage Brokers who offer diverse loan options. ✅ Get Pre-approved Start house hunting with financial backing already in place. 📃 Prep Your Paperwork Get ahead by completing a condo questionnaire early. 🏙️ Understand Condo Categories Know the difference between warrantable and non-warrantable. 🧠 Leverage Local Knowledge Benefit from Seattle Mortgage Brokers' deep understanding of the Seattle market. Let's talk about how you can finance your future home today!

Homesellersright.org. We're asking the questions that get under the skin of the establishment. Here's questions for the upcoming Real Estate Lawsuit Debate: "What's the harm in exploring having the buyer's purchase money lender pay the buyer's commission? If a purchase money loan reaches term, the lender stands to make twice as much profit from interest than a seller will make at closing with no mortgage. If a seller owes a mortgage, the lender's profit is astronomically higher. Why do real estate professionals work so hard to make lenders so much money? Why do home sellers put in so many years of sweat equity to make lenders wealthy? Why do home buyers work so hard to pay a lender? Why did we bail out these lenders? 'Too Big To Fail', too big to sue, and too big to question – it's unfair to everyone. Perhaps George Bailey and I are too naive to dream about a 'wonderful life', but it's better than today's Pottersville."

The FHA loan is meant for homeowners, not real estate investors. Buying a second home with an FHA loan is usually not allowed, except in specific situations. FHA loans can’t be used for investment properties, rental homes, or vacation homes. You *could* get a second FHA loan if you’re: - Getting a divorce & your spouse is staying in the current home - Relocate for a new job - Move at least 100 miles away - Leave a jointly owned property - Co-signed on someone else’s FHA loan previously Remember, you’d still need to qualify based on guidelines like debt and credit scores. I can help you secure a second FHA loan and I’m here to help! I’m dedicated to guiding you through the process. Sydney Pennington - Florida Loan Officer [email protected] 352-476-6021 DM, TEXT, CALL NMLS 2579977 - NMLS 2975 Open Mortgage, LLC #floridaloanofficer #floridamortgage #movingtoflorida #homemarket #realestatemarket #homebuyingtip #mortgageadvice #centralfloridahomes #preapproval #loanofficer #loanofficers #fhaloan #fhaloans #fhahomeloans #floridamortgages