Connor DePace Mortgages

Connor DePace Mortgages Mortgage Loan Officer in the New Jersey, Pennsylvania and Florida Areas. Apart of the Bonaduce Lendi

Your loan-to-value ratio (or LTV) is a figure lenders use to assess risk and match you with the right loan and terms. It...
02/23/2023

Your loan-to-value ratio (or LTV) is a figure lenders use to assess risk and match you with the right loan and terms. It essentially shows how much of a property you’ll own versus how much of it the bank will own. TLDR: Lower LTV = YAY! 🎉 Here are a few tips on how to lower yours.

YOU. ARE. SO. CLOSE — to becoming a HOMEOWNER! 🤩 Once the contract is signed, there are just a few key steps left for ev...
02/16/2023

YOU. ARE. SO. CLOSE — to becoming a HOMEOWNER! 🤩 Once the contract is signed, there are just a few key steps left for everything to be officially official. Then...⁣

It's the final countdown!⁣
Dun dun dun dun!
Dun dun dun dun dun!

Sorry. We just can't help ourselves sometimes. 🎸

You know what's more fun than playing 21 Questions? Preparing to become a HOMEOWNER! And look — getting started requires...
02/09/2023

You know what's more fun than playing 21 Questions? Preparing to become a HOMEOWNER! And look — getting started requires way fewer than 21 questions. 🤓

Escrow is a fancy term for a third-party holding onto the money involved in purchasing a home until it’s time to be paid...
02/02/2023

Escrow is a fancy term for a third-party holding onto the money involved in purchasing a home until it’s time to be paid. It’s a way to protect both the buyer and seller in the home loan process. Now go use your fancy new word and begin your journey to homeownership!

Class is in session! 📝 What are the benefits of owning in a good school district, whether you have school-age kids or no...
01/26/2023

Class is in session! 📝 What are the benefits of owning in a good school district, whether you have school-age kids or not? Here are some things to consider.

The 3 Cs! You know, cut, color, carat...oh, wait. Wrong Cs. 💎 When you apply for a mortgage, an underwriter will evaluat...
01/19/2023

The 3 Cs! You know, cut, color, carat...oh, wait. Wrong Cs. 💎 When you apply for a mortgage, an underwriter will evaluate your credit and payment history, income and assets, then categorize their findings into the 3 Cs.⁣

Capacity: Your ability to repay a loan by comparing your monthly gross income against your total monthly recurring debts.⁣

Credit: A combined credit report from the three national credit reporting agencies.⁣

Collateral: Here, the lender orders an appraisal to verify the home’s value, and then determines a loan-to-value ratio (LTV).

Address

1031 Rt 22 West Suite 203
Bridgewater, NJ
08807

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