James Stone - Home Loan Advisor - NMLS# 2192252

10/02/2023

Unlock the home of your dreams with our 2-1 Buy Down option. Lower rates today for a brighter tomorrow! Discover the 2-1 Buy Down: a game-changer for new homeowners!
🏡 Enjoy reduced interest rates—2% lower in Year 1 and 1% lower in Year 2—making your first steps into homeownership lighter on your wallet. Once the initial two-year period is over, and your rates revert to the original higher rate.
🎉 Ideal when rates are high, this option gives you breathing room in the early years. Plus, you're not stuck! You can refinance for an even better rate later on.
🔒➡️🔓

09/29/2023

Agents: Continuing our theme... What do Photographers, Web Designers, Virtual Assistants, Bookkeepers, Ride-Share Drivers, Landscapers, House Cleaners, Construction Workers, Truck Drivers, Management Consultants, and Travel Nurses have in common? I can make financing stress-free for them with our Lite Doc and Bank Statement options. Whether your client is a freelancer, independent contractor, small business owner, solopreneur, or gig economy worker, let's get the conversation started. 🏡💰

09/28/2023

🔒 Stay Safe On The Job: Essential Safety Tips for Real Estate Agents 🏠 September has been REALTOR® Safety Month. Whether you're showing a property or meeting new clients, it's important to take steps to protect yourself. Here are some quick tips:

Meeting New Clients? 👥

1️⃣ Verify Identity: Always check the ID or other identification.

2️⃣ Meet in Public: First meetings should be in public spaces.

Showing Properties? 🏡

1️⃣ Share Location: Let someone know where you'll be and when.

2️⃣ Have an Exit Plan: Know how to leave the property quickly.

Day-to-Day Tips 📅

1️⃣ Keep Your Phone Charged: Always have a way to call for help.

2️⃣ Don’t Share Personal Info: Keep your personal life personal.

Stay safe, friends! 💡

09/27/2023

Attention Agents: You're well-versed in VA loans, but have you explored bank statement loans? They're game-changers for freelancers, independent contractors, and the self-employed—no more financing headaches. Considering the number of independent contractors is nearly triple, this is a big deal. Need specialized options for your clients? You know who to turn to. 🏡👩‍💼

09/26/2023

4.83 star review received on Experience.com for James Stone by Miranda S - Excellent response time. Explained what step we were in the process and they reaches out to the needed people to get our home for us.

Click to see all 44 reviews of James Stone, Mortgage Advisor | NMLS #2192252

09/25/2023

Do you have a pressing question about getting approved for a mortgage? Ask an underwriter! 📁

👩🏼 🏠 Question: Over the last three years, I've consistently worked in the same industry without any gaps in employment. However, I've changed jobs multiple times, each time for a higher salary. A friend told me that it's required to show a "stable 2-year work history" to qualify for a mortgage - is that true? And, if so, will I meet that criteria if I've only been in my current role for three months?

👩🏽‍💻 🏦 Answer: Given what you've explained, your employment history may meet the ""stable 2-year work history"" criteria required for both FHA and conventional mortgages. To confirm this, your loan officer will ask you to submit a Letter of Explanation. Then, a Verification of Employment will be ordered. You'll still need to meet other eligibility requirements for the loan, but this one shouldn't hold you up!

What's your burning question?

09/22/2023

Getting a mortgage? 🏠 Here are some useful insights about credit reports during the mortgage process:

📆 Standard Validity: Credit reports are generally considered valid for 90 to 120 days when used for mortgage applications. 🎉 Ours are good for 120 days! 🎉

📉 Market Volatility: In rapidly changing economic conditions, lenders might shorten the validity period of credit reports to mitigate their risk.

💳 Changes in Credit: If your credit score or report drastically changes (for example, if you acquire more debt or your credit score drops), the lender might reassess your mortgage application.

🧐 Hard vs. Soft Inquiries: The first time most lenders check your credit for a mortgage application, it's usually a "hard inquiry," which can affect your credit score slightly. 🎉 I can do an initial soft inquiry, which doesn't impact your score. 🎉

🏦 Loan Type: The type of loan you are applying for (FHA, VA, conventional, etc.) may have different requirements for the validity of a credit report. 🎉 Ours are good for 120 days for all loan types! 🎉

✅ Pre-Approval vs. Final Approval: Getting pre-approved for a mortgage usually involves a credit check. However, before finalizing the mortgage, lenders will often perform another credit check to ensure there have been no significant changes.

🛍️ Multiple Applications: If you're shopping around for mortgages, multiple credit checks within a short period (usually 14 to 45 days) are typically treated as a single inquiry for scoring purposes, minimizing the impact on your score.

Have questions? Ask me! 💡📊

09/20/2023

📰 News updates: The Federal Open Market Committee (FOMC) has decided not to change rates for now. What's this mean for you? Well, mortgage rates are likely to stay steady until at least November.

⚖️ Why it matters: Chair Powell of the Fed said they're focusing on keeping prices stable. So, no sudden spikes in costs for you. Plus, job markets are doing well, making it a bit easier if you're looking to buy.

🤔 What's next? There are two more big meetings this year, and there's a 45% chance rates might go up before 2024. Powell thinks small changes won't shake things up too much, but only time will tell.

If you're deciding between locking in a mortgage rate or letting it float, be cautious. A good market move might save you a tiny bit, but a bad one could cost you more.

Stay tuned for more updates and happy house hunting! 🏠🔑



Author: Casey Dilensky, SVP Capital Markets

The author is not a financial advisor and nothing stated above should be viewed as financial advice. Consult a professional investment advisor before making any investment decisions. The information provided above does not, and is not intended to, constitute legal advice, investment advice, or the opinion of GO Mortgage, LLC. Instead, all information, content, and materials are for general informational purposes only.

09/20/2023

09/20/2023

New Arrival!

2019 Ford F-250 Lariat
167k miles
$39,950

Going out for service and detail! Will be ready soon!

09/20/2023

Three things you may not know about manufactured homes:
1️⃣ Manufactured homes are built with the same construction materials as site-built homes. They’re pre-built indoors, which means building is less expensive with a lower average price-per-square-foot than a site-built home.
2️⃣ Manufactured homes are not all in "parks". In fact, most manufactured homes are placed on independently owned land look like any traditional neighborhood.
3️⃣ I can provide you with a mortgage for a manufactured home -- and refer you to an agent to help you buy one!

If you haven't been able to find inventory in your price range, create your own! Want to learn more? Call me!