The BALD Mortgage Guy

08/24/2026

Your savings can do more than help with your down payment. 🏡💰

One thing many homebuyers overlook when getting preapproved is reserves.

Reserves are funds you have left over after accounting for your down payment and closing costs. Depending on the loan program and your financial profile, having reserves may help strengthen your application.

Why do reserves matter?

✅ Shows lenders you have additional funds available
✅ Can help demonstrate financial stability
✅ May help with qualifying in certain loan scenarios
✅ Gives you a cushion for unexpected expenses after closing
✅ Can make you feel more financially comfortable as a new homeowner

And here’s the important part: You don’t always want to put every dollar you have into the house just to get to the closing table.

The goal isn’t just to get approved — it’s to put yourself in a position where you can comfortably afford the home after you move in.

Want to know how your reserves could impact your preapproval? Let’s take a look at your numbers and build a strategy that makes sense for you. 🔑

04/08/2026

🏡 Wednesday Buyer Tip 🏡

Here’s something most buyers overlook when house hunting…

💡 Your monthly payment matters more than the purchase price.

Two homes at the same price can have very different payments depending on:
✔️ Property taxes
✔️ Insurance costs
✔️ Interest rate
✔️ HOA fees

👉 That’s why getting fully pre-approved (not just pre-qualified) is a game changer—you’ll know exactly what your REAL payment looks like before you fall in love with a home.

The goal isn’t just to buy a house… it’s to be comfortable living in it.

If you want, I can break down a realistic monthly payment for you in under 10 minutes. No pressure.

📩 Send me “PAYMENT” and I’ll run your numbers

02/28/2026

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🏠 FHA Loan: Easier to Get In the Door

Think of an FHA loan as the “help me get started” option.

✔ Lower credit score? Still possible.
✔ Smaller down payment? That works.
✔ Higher debt-to-income? More flexibility.

Tradeoff:
You’ll pay mortgage insurance upfront and monthly — and in many cases, it sticks around for the life of the loan. That means higher long-term cost, even if the starting payment feels manageable.

⸻

💼 Conventional Loan: Reward for Strong Credit

Think of a conventional loan as the “financial strength discount.”

✔ Good credit? You’re rewarded.
✔ Put 20% down? No PMI at all.
✔ Less than 20% down? PMI can be canceled once you build equity.

Benefit:
Lower long-term costs and more control over your mortgage insurance — which can save thousands over time.

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🎯 Simple Bottom Line
• FHA = Easier approval, higher long-term insurance cost.
• Conventional = Harder to qualify, but cheaper over time for strong borrowers.

01/15/2026

‼️ Good Afternoon‼️💰🏠

If you're thinking about being a homeowner, but aren't sure about your credit, here's a break down of the various options:

-FHA (3.5% down) and VA (0 down) loans as low as a 580 credit score

-USDA (0 down) loans as low as a 581 credit score

-Offer home improvement and rehab loans (203K)

-Down payment assistance programs min 580

-Conventional programs for 620 and higher credit scores.

-Bank Statement Loans 660 credit score

-ITIN Loans

-No income investment loan 700 credit score

-Free credit score improvement programs for borrowers who don’t qualify today, but we can put them in our pipeline and close them in a few months.

CALL ME TODAY to start the process of HOMEOWNERSHIP!! 770-654-8599

01/15/2026

Join us in person to learn all the insider tips and tricks for buying your first or dream home hassle-free!

08/04/2024

‼️‼️Good Morning! Rates have dropped and…….

Homeownership builds long-term wealth! Each mortgage payment you make means a decrease in debt and increase in equity.

When you rent, you are helping your landlord increase their wealth. 🏠💰🏠💰🏠

Tommy Patterson (The Bald Mortgage Guy)

07/28/2024

Distinguishing between Mortgage Credit Reports and Consumer Credit Reports!

07/24/2024