Infinity Mortgage Group

06/17/2022

01/01/2021

Happy New Year 2021! 🎉
We wish you and your family a peaceful, prosperous, joyous and healthy new year!
A New Year and New Beginnings!

12/25/2020

We wish you and your family a safe and happy holiday season! As we bring 2020 to end, we wish you and your family a prosperous and healthy 2021!

12/18/2020

Well we are almost ready to bid adieu to 2020, the longest year in memory! Its been a chaotic year to say the least, so its more important than ever to do your financial planning. Here are our top five things to check:

1. Review your budget and savings plan
Analyze your spending and saving for the year. Your savings might not have gone to plan this year and that’s ok – focus on replenishing your emergency fund first if needed and recalibrate plan for 2021 if needed.
2. Maximize Retirement Plan Contributions
If you participate in a 401k make sure you maximize contributions before the December 31 deadline, you have until April for Roth contributions
3. Review Your Insurance Coverage
Check your insurance coverage in many parts of the country housing prices went up, make sure you home is covered under current market prices. Also check your liability coverage and consider getting an umbrella liability policy that covers all your assets, you can get a million dollar policy for a few hundred dollars a year!
4. Health Savings Account
Make sure you contribute to your health savings account (if needed) as there are great tax benefits. Also check to see if you need to reimburse yourself from the account for out of pocket payments you made during the year!
5. Charitable Contributions
Finally especially this year, remember to give if you can! There are important tax changes this year, so even if you don’t itemize your taxes (most people) you can still deduct up to $300 for charitable contributions!

12/11/2020

What is a guaranteed mortgage?
Well as you might have guessed, it’s a guarantee that your loan will be paid in case of default (fine print sometimes this is actually insurance), by a third party. In most cases the third party is the government.
Guaranteed mortgages are used when a borrower does not have the traditional required 20% of the purchase price to put down. In these cases the programs guarantee (or insure) the loan. In fact first-time home buyers often do not have the full 20% to put down, so these programs are very helpful in getting funding.

FHA, VA and USDA are the most common guarantors. FHA loans allow first time home buyers to put as little as 3.5% down (with a credit score of at least 580). VA loans allow veterans, active duty and surviving spouses to get funding for a new home loans or refinance with zero down and more flexible credit requirements. There is an upfront fee (but that can be waived in certain situations as well). USDA loans are designed for low and moderate income rural home buyers (although rural might not be as rural as it once was).

Check with us for more details and to see what program you can qualify for and what best fits your needs!

12/04/2020

If you’re buying or selling (but especially buying) a home inspection is a crucial part of the process that too often is seen as just another step.
So here are the 3 keys to make sure you come out on top and avoid surprises after you move in!
1. Inspect the Inspector First!
Make sure your inspector is certified, qualified and experienced. You want someone who is going to check things thoroughly and not just check the boxes. Find a good inspector early as the good ones can often be like a popular restaurant – hard to get a reservation.
2. Be Present for the Inspection
If at all possible make sure you attend the inspection too! It may take a few hours so block out the morning or afternoon if needed. You can be part of process, ask questions, get feedback on possible costs if repairs are necessary.
3. Sellers do a pre-inspection Inspection
If you are getting ready to put your house on the market it’s a good idea to get a pre-sale inspection. If the inspections turns up things that need to be repaired or fixed this will help make a smooth sale and closing while avoiding surprises!