MLO Kyra Grotsky

03/22/2022

Most of you are probably wondering why refinance? Especially when interest rates keep going up.

Below are just a few reasons:
1. If on your current loan you are paying mortgage insurance but now you are in a financial position where you could afford to put 20% down and eliminate the need for mortgage insurance.
2. If you want to do a cash-out-refinance and use the equity in your home to get cash out.
3. If you want to change the loan term.

We truly want what’s best for you, so below I have attached a link to a refinance calculator to see if it’s the best option for you at this point in time.

https://go.movement.com/refinance-calculator/

03/17/2022

When it comes to credit scores, there are options.

Different loan programs have different credit score requirements, but you will never know if you can qualify for a loan unless you try.

The minimum credit score for FHA is 580.
The minimum credit score for conventional is 620.

But what most people don’t know is that your credit score consists of 3 credit scores from 3 different bureau’s: transunion, experian, and equifax.

For loan purposes, we use the middle score.

If your score comes in lower than expected or you want to try for a better rate, we can review your credit report and see what you can do to potentially raise your score. So your credit score is not always an end all be all!

I attached a Mortgage Minute below to further explain this topic.

For more information, contact me!

https://blog.movement.com/2020/05/14/low-credit-score-keeping-getting-mortgage-covid-19/

03/16/2022

The main goal of my page is to ease the loan process and make expectations crystal clear to the customer.
The loan process can be very confusing and the last thing I want is for you to go into the process blindly.
I am going to be posting some tips that will help the process flow smoothly! :)

First off, keep your job stable!
Income and job stability are crucial for your loan.

03/15/2022

Spring is when many people start thinking about buying a home. For some, that means new construction, rather than a pre-owned house or condo. Sound like you? Check out our blog for our 6 questions to ask your builder before you buy. https://movement.com/blog/2021/03/10/6-questions-ask-building-dream-home/

03/09/2022

03/09/2022

Most people are under the impression that you can’t get a loan if you do not have 20% to put down.
This could not be more inaccurate!

For FHA- the minimum down payment is 3.5%
For conventional- the minimum down payment is 3%
For VA- the minimum down payment is 0%

If you have been avoiding purchasing because you were under the false impression regarding down payments, now is the perfect time to change that!

Attached is a page that more thoroughly explains Movement Mortgage low payment options.

Feel free to reach out for more information- I would be glad to help!

https://go.movement.com/low-down-payment-options/

03/07/2022

I’m not sure how many of you are familiar with Movement Mortgage, but the thing that separates us the most from other lenders is our process.

Our process is 6 hour underwriting (but we average 3.5 hours)→7 day processing→1 day closing.

This process prioritizes timeliness and efficiency while minimizing the chances of deals going sideways.

Attached below is an article that explains that average close times are 47 days, while ours is only 7.

We eliminate the headaches and smooth out the loan process so you don’t have to worry!

https://www.valuepenguin.com/mortgages/average-time-to-close-on-a-house #:~:text=The%20average%20amount%20of%20time,an%20average%20of%2012%20days.

03/07/2022

At Movement, our mission is to become a lender you’ll love. Click the link below to learn more about what makes us different!

Movement redefines “Corporate Culture” by giving you the advantage in any market. Don’t believe us? We’ve got proof.

03/01/2022

Happy Fat Tuesday! Make today colorful!

02/24/2022

Welcome!

I'm excited to announce that I have joined the Babinski Lending Team at Movement Mortgage. I cannot wait to use this as an opportunity to help potential customers with navigating the mortgage industry!