Maria Redente, NMLS# 117367 - Mortgage Banker

03/04/2024

02/10/2023

Want to lower your mortgage payment? Ask about a buydown! This mortgage strategy reduces your interest rate in the short term, making your payments more manageable. Contact me for more information.

12/21/2022

The FHA recently announced brand new loan limits for 2023! Depending on your location and property size, you could get anywhere between $472,030 and $2,095,200 toward your next home financing project.

Remember: these new limits vary by location and county. DM me if you'd like to discuss your exact options.

12/20/2022

Happy Holidays! My team and I will always be grateful for our clients and business partners. Wishing everyone a happy and healthy holiday this year!

12/08/2022

Every borrower is different - and different loan solutions are out there to meet your needs! If you think an FHA 203K loan is the right path forward for you, read this blog and contact me for more info.

An FHA 203k loan provides funds to purchase, refinance, and cover the costs of home renovations. Here’s what you need to know about FHA 203k loans before starting your big project.

12/08/2022

BIG news for home buyers. The FHFA just announced new loan limits that will allow home buyers to get a mortgage up to $726,200 - a $79,000 increase from 2022.

In some parts of the country, loan limits may be as high as $1,089,300. These increases could help buyers save big by avoiding high jumbo loan rates.

11/16/2022

If you’re looking to borrow money against the value of your home, make sure you know the differences between these two key loan options!

A cash-out refi is when you take out a new mortgage that’s larger than your previous one. The difference between the two is then given to you in cash, creating new opportunities for renovations and projects that could increase the value of your home.

Meanwhile, home equity loans are separate from your primary mortgage and vary based on the value (“equity”) of your home. The size of this second mortgage depends on the difference between your property’s market value and the amount owed on your primary mortgage.

If you have any questions or want to learn more about the value of your home, get in touch anytime! I’m always happy to help.

10/19/2022

As the market slows, sellers have been more willing to give concessions. Our Interest Relief Program allows you to use seller concessions to dramatically reduce your interest rate for the first couple of years of your loan. DM me to learn more!

10/19/2022

If you’re on the fence about buying your next home, you may be asking yourself: what does it take to get pre-approved?

Luckily the process is easy. All it takes is a brief call and five simple forms of personal documentation to set you up for success. By getting pre-approved, you’ll:

-Verify your income and assets
-Confirm that your credit is in good standing
-Get approved for a loan budget that you can take on your home search and show to sellers

Ready to get pre-approved? I can help you get started in minutes – contact me anytime!

09/14/2022

Building equity is one of the best ways to increase your net worth. Equity increases the amount of money you have in your home that you may be able to use now or in the future. You can borrow from your equity as a loan, invest it, build long-term wealth or sell your home for more than you owe and keep the difference. There are many ways to build equity on your home

Here are 4 ways you can get started:

09/05/2022

I hope everyone has a great Labor Day! ☀️

09/02/2022

Even if your income is on the lower side, there’s no need to let your credit score or down payment requirements deter you from pursuing your dream of home ownership.

There’s a loan option for everyone! To learn more, check out this blog on how to buy a house with low-income: