John Dugan - Total Mortgage - NMLS #264865

John Dugan - Total Mortgage - NMLS #264865 Posts are not to be considered legal advice, terms and conditions apply.

09/27/2024

🚨 Attention First-Time Homebuyers! 🚨
Great news for those looking to make the leap into homeownership! 🏡

Starting Tuesday, October 1, 2024, MaineHousing's interest rate is dropping to a base of 5.375%! This lower rate can help you secure the home of your dreams with more affordable monthly payments.

If you’re ready to take the first step, let’s get you pre-approved and into your new home with these incredible rates! 🎉

📞 Contact me today to learn more and get started!

09/13/2024

🏡 Total Mortgage's Top 7 Tips for a Successful Home Search 🏡

Searching for your dream home? 🏠 Here are my top 7 tips to help make your journey smooth and stress-free:

1️⃣ Don't take on any new credit or run balances on your credit cards
2️⃣ Avoid making large purchases from your savings, checking, or investment accounts
3️⃣ Be sure to pay all of your bills on time
4️⃣ Stay with your current employer / avoid major changes in employment
5️⃣ Be mindful of large cash deposits—underwriters may require letters of explanation
6️⃣ Contact me before processing any hard credit checks (they can impact your score!)
7️⃣ Always ask questions and keep in touch with your Total Mortgage loan expert – me!

💬 I hope this helps! Let me know how your home search is going. I'm always here to assist.

✨ Feel free to share this post with anyone in the market for a new home. Let's help them make it happen! ✨

07/23/2024

🏡 Cleared to Close in Just 12 Days! 🏡

Exciting news! Our borrower has successfully secured a Maine State Housing loan to purchase a wonderful 2-unit property in Gorham, ME. Not only did they lock in a fantastic rate, but they also received $8,000 towards closing costs as part of the program. Now, they’re on their way to owning a piece of paradise while receiving rental income to offset there mortgage payment!

This charming property offers both privacy and convenience, making it a fantastic opportunity. I’m proud to have assisted in this milestone and am committed to ensuring a seamless closing experience. Let’s turn this dream into reality!

07/23/2024

Big News from Freddie Mac for first time investors! 🚨

Freddie Mac has announced some significant changes to their rental income guidelines. One of the major updates is that you no longer need to own a primary residence to finance the purchase of an investment property. You must have a housing expense, such as renting an apartment or home, but owning your residence is no longer a requirement.

Additionally, they've updated the requirements for calculating rental income when a property was out of service due to renovation.

Qualifying for a mortgage with rental income can be complex, but don’t worry! Let's chat, and I'll help you navigate your next purchase or refinance.

🏡💼 Let's make your investment goals a reality!

07/17/2024

3 Tiny Habits That Will Pay Your Mortgage Off Faster

🏠💰✨

Bi-weekly Payments:

By making bi-weekly payments, you'll squeeze out one extra payment every year! This can shave about 6 years off your 30-year mortgage. 🗓️🏃‍♂️
Recasting:

If you make a large one-time payment towards your mortgage, recasting allows you to recompute your mortgage payment schedule without refinancing. This can reduce your monthly payments and save you interest in the long run. 📉🔄
Round Up Purchases:

Use an app like Acorns to round up every purchase to the nearest dollar. Apply these savings to your mortgage at the end of the year. Small change adds up to big savings! 💸📲
Start today and watch your mortgage shrink faster! 🌟🏡

07/12/2024

🌟 Unlock Your Path to Homeownership with Down Payment Assistance! 🌟
Dreaming of owning your home but concerned about the down payment? Our FHA 100% CLTV Combo Loan Program is your solution! 🏠🔑

100% Financing Details:
FHA first lien at 96.5% LTV
Second lien up to 3.5% to 5% LTV to cover down payment and/or closing costs.
Program Highlights:
✅ FHA first lien PLUS concurrent second lien for 100% CLTV
✅ Minimum 600 FICO
✅ Standard 30-year fixed rate FHA first lien
✅ No First-Time Home Buyer requirement
✅ No Income Limits
✅ Eligible for single family homes, 2 unit owner occupied
homes and doublewide mobile homes.

✨ Take the next step towards your dream home today! Contact John Dugan at 207-807-2204 for DM or more information.

🏠 Unlock Your Next Home with Total Mortgage's Bridge Financing! 🏠Dreaming of buying a new home without having to sell yo...
07/09/2024

🏠 Unlock Your Next Home with Total Mortgage's Bridge Financing! 🏠

Dreaming of buying a new home without having to sell your current one first? Total Mortgage's Bridge Financing lets you tap into your existing home’s equity for the down payment on your new home with NO monthly payments on the bridge loan! 🌟

Why Choose Total Mortgage’s Bridge Financing?

💰 Access Your Equity: Use the equity from your current home as a down payment for your new home.
📈 No Monthly Payments: Enjoy a stress-free transition with no monthly payments on the bridge financing.
🔑 Competitive Edge: Make a non-contingent offer on your new property and stand out in a hot housing market!
Program Highlights:

🔹 Primary Residence:
Up to 75% LTV for bridge loans up to $1,000,000
Up to 70% LTV for bridge loans from $1,000,000 to $1,500,000
🔹 Non-Owner Occupied and Second Homes:
Up to 60% LTV for bridge loans over $1,000,000

⏳ Flexible Repayment: Balloon payment due in 12 months with NO monthly payments for Primary Residences and Second Homes, and up to 6 months for Non-Owner Occupied properties.

Ready to make your move? 🚀
📞 Call us at 207-807-2204 or DM.

06/26/2024

🔍 Let’s make pre-approval easy and fun! 🔍

Say goodbye to intimidating pre-approvals! My team and I prefer Discovery Calls—a quick, informal way to explore your homeownership journey. No paperwork, no hassle, just a chat to understand your needs and dreams. 📞 That’s right—a real call to discuss your goals, not just left with texting!

Interested in a Discovery Call? 🏡 Reach out today, and let’s set up a time!

📞 Give me a call or drop me a message to schedule yours!

Address

234 Commercial Street
Bangor, ME
04101

Telephone

+12078072204

Website

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