Sydney Scott - Loan Officer

04/08/2022

Happy Friday!! 😜
Friendly reminder for those who just got paid today:

1.) Pay yourself first! Build/Repair your credit score. 💰
2.) Save! Buying a home vs Renting a home will save you money in the long run. You only need a min of 3.5% of the sales price to put down. 💸
3.) Talk to a trusted Loan Originator (me, of course) to get pre-qualified. 😇
4. Make an offer with a pre-approval letter in hand from your loan originator! Chances of getting the home you want are higher with a pre-approval letter. 📄

Contact me today to see if you are pre-qualified to buy!

If you are interested in co-marketing with me or if you are looking to get pre-approved for a home, click on this link:
https://linktr.ee/sydneythelo

04/05/2022

Looking to buy or refinance a home?
Use the link below, to schedule a FREE Phone Consultation with me & complete a pre-application form. 😊🏠

Dedicated to helping people get into homes that help build the life they desire.

02/02/2022

Generational Wealth is a privilege in this country.

✨Wealth is the is the sum of all assets minus the debt we hold. Wealth is different from Income; it is the cushion that people have in the event they lose a job, or or a large medical bill comes out of no where.

The intergenerational transfer of wealth provides external resources that are passed down to an individual. This positively influences the destinies/outcomes of the wealthy.

✨ ECONOMIC INEQUALITY: primary contributing factor to housing inequality.

The reality in this country, is that there is a HUGE wealth gap. White families hold 18 times more wealth than Hispanic Families & 20 times more wealth than Black families. The average White family has more cushion than the average black or Latino family.

✨The wealth gap in this country is a social justice issue because it challenges the intergenerational privilege upon which everything in this country, within capitalism, is built.

02/02/2022

Anne Malone | Chemist & Entrepreneur | Born in 1869- Died in 1957

✨ She became a millionaire in 1924, by devolving & marketing hair products for black woman in St. Louis, MO.

✨ She used her wealth to promote the advancement of African Americans & gave away most of her money to charity

✨ Her legacy as the pioneer of African American beauty has been overshadowed by her former employee, Madam C. J. Walker.

02/02/2022

Generational Wealth is a privilege in this country.

Wealth is the is the sum of all assets minus the debt we hold. Wealth is different from Income; it is the cushion that people have in the event they lose a job, or or a large medical bill comes out of no where.

The intergenerational transfer of wealth provides external resources that are passed down to an individual. This positively influences the destinies/outcomes of the wealthy.

ECONOMIC INEQUALITY: primary contributing factor to housing inequality.

The reality in this country, is that there is a HUGE wealth gap. White families hold 18 times more wealth than Hispanic Families & 20 times more wealth than Black families. The average White family has more cushion than the average black or Latino family.

The wealth gap in this country is a social justice issue because it challenges the intergenerational privilege upon which everything in this country, within capitalism, is built.

02/01/2022

Maggie Lena Walker | Bank Founder & Business Woman | Born in 1864- Died in 1934

✨ Maggie transformed black business practices & was the first woman to own/charter a bank in the US. The bank was called the Saint Luke Penny Savings Bank in Richmond, VA.

✨ she was a teacher, businesswoman, and philanthropist

✨she published her own newspaper & hired Richmond’s first black architect to design the bank for her. She employed several black female board members, as well.

02/01/2022

Educating and Encouraging my community to begin their homeownership journey. ✨

I hope to highlight the excellence of Black Americans who have established financial institutions and contributed to the advancement of society, defying all odds introduced through, what once was and still is, a racist housing system.

02/01/2022

As a mortgage loan originator, we are taught how unethical and illegal the practice of redlining is. Mortgage lenders displaying large maps with literal red lines outlining cities didn’t become illegal until 1968, after the Fair Housing Act was passed. This act made it unlawful to discriminate against borrowers applying for home loans based on race or national origin.

Today, the impacts of redlining are still prevalent in black and brown communities across the US. Although banks deny engaging in redlining, it still happens in different forms. What we see now is a lot of reverse redlining. There are other cases of applicants being denied a home loan as Black Americans are turned away at a higher rate than many whites in cities.

My goal as a black mortgage loan originator in America, is to ensure that my community is given the knowledge and opportunities to obtain generational wealth that can sustain their families and the overall black community.

01/13/2022

These are just a few tips for first-time home buyers to get started on the buying process.

✨A lot of potential borrowers make the mistake of not doing enough research before reaching out to banks/lenders.

✨Speaking with a mortgage loan originator to see if you are prequalified for the home you want to buy is the best place to start. They can take a look at your portfolio and give you advice on next steps.

✨Having a pre-qualification status is extremely beneficial when budgeting & searching for your home. With an idea of what sales price you can afford, you can focus on homes within your preferred payment range.

✨NOTE: Pre-qualified is different than Pre-approved
(I’ll be going into more detail about the differences & the importance of both soon)



💫 Please share & save!

01/13/2022