Legacy Guard Insurance

12/11/2023

Below are Market Rates for a Purchase Transaction, as of: 12-11-23.

Interest Rates do vary depending on: Property Type, Occupancy Type, Credit Score and Down Payment, other factors may apply. Please review and let me know if you have any question. Please feel free to share with everyone you know as well, thank you!

Conventional - 30 Yr. Fixed

Interest Rate: 6.500%

Annual Percentage Rate: 6.597%

Example: P&I Payment at $500,000 Loan Amount = $3,160.34

Conventional - 25 Yr. Fixed

Interest Rate: 6.500%

Annual Percentage Rate: 6.690%

Example: P&I Payment at $500,000 Loan Amount = $3,376.04

Conventional - 20 Yr. Fixed

Interest Rate: 6.375%

Annual Percentage Rate: 6.502%

Example: P&I Payment at $500,000 Loan Amount = $3,691.16

Conventional - 15 Yr. Fixed

Interest Rate: 5.875%

Annual Percentage Rate: 6.032%

Example: P&I Payment at $500,000 Loan Amount = $4,185.59

Conventional - 10 Yr. Fixed

Interest Rate: 5.875%

Annual Percentage Rate: 6.097%

Example: P&I Payment at $500,000 Loan Amount = $5,519.69

JUMBO - 30 Yr. Fixed "FULL DOC"

Interest Rate: 6.750%

Annual Percentage Rate: 6.848%

Example: P&I Payment at $2,000,000 Loan Amount = $12,971.96

JUMBO - 30 Yr. Fixed "ASSETS ONLY"

Interest Rate: 7.875%

Annual Percentage Rate: 7.980%

Example: P&I Payment at $2,000,000 Loan Amount = $14,501.39

VA - 30 Yr. Fixed

Interest Rate: 5.875%

Annual Percentage Rate: 6.183%

Example: P&I Payment at $500,000 Loan Amount = $2,957.69

FHA - 30 Yr. Fixed

Interest Rate: 5.875%

Annual Percentage Rate: 6.132%

Example: P&I Payment at $500,000 Loan Amount = $2,957.69

Figures shown above are for a First Mortgage and reflect Principal & Interest payments only. They do not include impounds, (Property Taxes & Homeowners Insurance) or any Private Mortgage Insurance associated with the loan program. Figures above are based on a 15 Day Lock Period, Full Documentation, Single Family Home, Primary Residence, Purchase transaction. Interest Rates are subject to change at time of lock based on market conditions, property type, occupancy type, credit score and loan to value ratio. Other factors may apply. All borrowers subject to credit qualifications. Not all borrowers will qualify as certain restrictions apply on all programs. The information contained in this material is not a guarantee to extend credit or lend. Terms and conditions are subject to change without notice. Figures reflecting Conventional loan options are based on borrowers putting a minimum 5% down payment with a minimum 760 credit score. Figures reflecting FHA loan options are based on borrowers putting a minimum 3.50% down payment, with a minimum 760 credit score and include a 1.75% Funding Fee that is financed into the loan. Figures reflecting VA loan options are based on borrowers putting a minimum 0.00% down payment, with a minimum 760 credit score and include a 2.30% Funding Fee that is financed into the loan. Figures reflecting JUMBO loan options are based on borrowers putting a minimum 25% down payment with a minimum 760 credit score. Adjustable Rate Mortgage figures reflect the Fixed period introductory rate and Principal & Interest payments only. Adjustable Rate Mortgages have the following Margin, Index and Cap Rate which is subject to change: Conventional Margin of 2.25%, Index LIBOR with Caps of 2/2/5. FHA & VA Margin of 1.75%, Index US Treasury with Caps of 1/1/5. JUMBO Margin 2.75%, Index SOFR with Caps of 2/1/5.

12/05/2023

🎉✨ Reflecting on a Year of Resilience and Achievements! 🌟🥂

As we approach a farewell to 2023, let's take a moment to celebrate the milestones, lessons, and shared moments that have shaped this incredible journey. 💫

🌟 Gratitude:
Thank you for being part of our community, for the laughter, the challenges conquered, and the victories embraced. Your support has been the driving force behind our successes.

❤️ Connection:
In a world that often feels vast, our connections with each other have been a source of strength. Let's cherish these bonds and look forward to nurturing them even more in the coming year.

🌠 Resilience:
Together, we've faced challenges and emerged stronger. The resilience within each of us has been a testament to the incredible spirit that propels us forward.

🌐 New Horizons:
As we stand on the brink of a new year, let's welcome the opportunities and adventures that await. May the coming year be filled with growth, joy, and an abundance of moments that take our breath away.

🥂 Cheers to You:
To each dream pursued, every goal achieved, and the unwavering spirit that defines us—here's to you! May the coming year bring even greater success and fulfillment.

🌺 Wishing You Happy Holidays!
May it be a canvas painted with vibrant experiences, profound growth, and boundless joy. Let's embrace the journey together with open hearts and enthusiastic spirits.

Thank you for being an integral part of this remarkable year. Here's to a spectacular fast fast-approaching 2024 filled with endless possibilities! 🎊🚀

11/27/2023

11/17/2023

We work with different carriers some of the carriers we work with are:
Lafayette
Colombus Life
One America
Ethos
Ameritas
Americo
AIG
And many more depending on the needs of the client. We also offer other products for business owners to save money on taxes., and supplemental insurance through Afflac and other providers.

As a new agent, I had to venture into many companies that were not able to provide me with the right training, product knowledge, and how to interview clients to find out their needs and not just focus on making money. Our focus is on what is going to be more beneficial for you and your family. The protection of your legacy is our priority. If you are a new agent and would like to work with integrity and serve your community, ask me how I can help you.

11/17/2023

What is Whole Life Insurance?

Whole life insurance is a type of life insurance that provides coverage for the entire lifetime of the insured, as long as the policyholder continues to pay the premiums. Unlike term life insurance, which provides coverage for a specified term (such as 10, 20, or 30 years), whole life insurance is designed to last for the policyholder's entire life.
Key features of whole life insurance include Lifetime Coverage: As long as the premiums are paid, the policy remains in force until the death of the insured.

Premiums: Premiums for whole life insurance are generally higher than those for term life insurance but remain level for the life of the policy. This means the policyholder pays the same premium throughout the life of the policy, or a certain time till the policy is paid up, which could be 10,20,30 years depending on how it is structured and the needs of the client. (More Death Benefit or More Cash Value)

Cash Value Accumulation: A portion of the premium payments goes towards building cash value within the policy. This cash value grows over time on a tax-deferred basis, and policyholders may be able to borrow against it or withdraw it under certain conditions.

Living Benefits it's a great feature of some policies as they offer benefits while you are alive in case of Critical illness or Terminal illnesses.

Guaranteed Death Benefit: Whole life insurance policies provide a guaranteed death benefit to the beneficiaries upon the death of the insured.

Dividends: Some whole-life policies, known as participating or dividend-paying policies, may pay dividends to policyholders. These dividends can be used to increase the death benefit, accumulate more cash value, or be taken as cash.

Whole life insurance is often chosen by individuals who want permanent coverage, anticipate a need for life insurance throughout their entire lives, and are interested in the cash value accumulation aspect of the policy. It is an option for those who want both a death benefit for their beneficiaries and a savings or investment component.