Chris Madden Licensed Loan Officer NMLS# 1634490

Chris Madden Licensed Loan Officer NMLS# 1634490 For most people, buying a home can be the most exciting purchase of their lives. Schedule a meeting:
https://calendly.com/thechrismaddenteam

Because of this, I want to make sure my clients have the best possible experience. Homestead Funding Corp, offers a variety of loan solutions allowing me serve my client’s.

A little late on this. Incredibly honored and grateful to be named GSAR 2025 “Affiliate of the Year” 🏆Thank you to the ...
02/12/2026

A little late on this. Incredibly honored and grateful to be named GSAR 2025 “Affiliate of the Year” 🏆

Thank you to the for this recognition, and to the amazing agents, partners and clients who trust me everyday. This award isn’t just mine, it reflects the relationship, teamwork and shared commitment to serving our community at the highest level.

I’m proud to be part of such a supportive, driven group and excited for what’s ahead. Truly thankful.

10/24/2025

Here’s how rich people use debt to get even richer. And the trick is simple. You don’t pay taxes on debt and that’s why the wealthy leverage it to build more wealth.

So let’s say you purchase a house for $200,000 and we’re going to put down $40,000 of our own money and the $160,000 loan we’re going to get from the bank. Now, we’re going to rent this out at $2,200/mo.

Lets say the expenses are $100/mo for maintenance, taxes and insurance is $600/mo and we pay the bank $950/mo, that equates to $1,650 leaving us with $550/mo in cashflow. A few years later, the house value jumps to $275,000 and we raise the rent to $2400/mo. Now we’re making $750/mo in cashflow.

Now it’s time to go to the bank and leverage that equity and do a cash out refinance. 75% of the new value is $206,250. We’re going to take some of that and pay off the old loan that had a balance of $155K and take out lets say $4500 in closing costs. With that, we’re able to walk away with $46,750 tax fee. The mortgage went up a bit, but you’re still cash flowing and now you can use the $46K to invest in another property.

10/22/2025

Want to strengthen your offer but need to sell your current house?

Do this. It’s called a Recast.

This allows you to submit a non contingent offer and close on your new house while keeping your current home. After you close on the old home, and after you make 6 payments on the new home, you can do what’s called a recast which allows you to take the proceeds from the old home and apply it to the principle of the new home. Your mortgage servicer will recalculate the payment and amortization while also removing mortgage insurance. This is a great way to be really competitive with a non contingent offer.

Want to learn more about recasting?

10/20/2025

Before you start house hunting, ask yourself these five questions, or risk wasting your time.

Number 1, ask yourself, what’s my monthly budget? Know what you can comfortably spend monthly, not just overall.

Number 2, are you pre qualified? Without a pre qualification letter, you’re just window showing and your agent is not going to take you seriously.

Third, do you know what your credit score is? Your score impacts more than just your rate. Know it and improve it if needed.

Number 4, what’s the plan for the downpayment? You don’t need 20% down, but you do need a strategy.

And lastly, what area fits your lifestyle, be real about your commute, your needs and what you’re willing to compromise on. Smart buyers ask smart questions. DM me “Ready” and I’ll help you
get crystal clear before the search begins.

10/17/2025

Looking to buy a home? Here’s why you should talk to a mortgage lender before calling a realtor. It all starts with the pre qualification process.

We need to determine how much you can actually afford. Not only that, but you’ll want to know how much you’ll need for closing. When you drive at night, you turn your headlights on right? The same thing is true for the homebuying process. You want to know the numbers, you want to know the gameplan, you don’t want to drive in the dark. Start smart, don’t house hunt blind folded. DM me first and I will get you ready to submit offers with confidence.

10/15/2025

Knowing when to refinance is simple, people will typically say if you can lower your rate 1%, it makes sense.

But here’s some helpful math to know if you’re getting a good deal. It’s called a break even point. The spot in time where the monthly savings finally equals the cost of the refinance.

So you take the total closing costs of the refinance, divided by the monthly savings, and it gives you the number of months it takes to recoup the cost of the refinance. Typically, if you hit 36 months or less, it’s a good deal. Want to know when refinancing might be right for you? Join my refinance watch list.

10/13/2025

If you’re looking to refinance to lower your monthly payment, this is the one thing most
people overlook.

In the beginning of a 30 year term, most of your payment goes towards interest. And as you get further into the loan, more of the payment foes towards the principle paydown. The banks actually set it up this way to collect most of the interest upfront.

So if you refinance to lower your payment, you’re basically starting over.

Now if you’re only a few years into the loan, it’s probably not a big deal, but if you’re more than
3 years into the loan, this could cost you a lot. What you should do is look at actually reducing the loan term when you refinance like a 20 year or 15 year.

If you have to go with a 30 year term, there are things you can do to counteract starting over. If you think refinancing might be right for you, join my refinance watch list.

10/10/2025

If you priced out a $300K, what if I told you your payment could be the same as a
$275K home.

This is how smart buyers are getting killer deals right now, even with today’s rates. Everyone is still waiting for rates to drop. But that’s causing them to miss out on the best buying window. There’s less competition and more motivated sellers.

Lets say a home originally listed at $315,000 and it dropped to $300K. If you go in an
negotiate another $10K in seller paid rate buy down, your payment would drop to
$2,316/mo at a 6% rate. That is the same payment looking to by a $275,000 home.
Look for homes that are sitting on the market, ask for seller concessions and use them
to buy down the rate.

10/08/2025

Being in the middle class in America is a very powerful thing because it means you are likely one key move away from elevating yourself into the next class.

For most people around the country, that means making the right investment into a property. Homeownership changes the financial trajectory of any family and that is undisputed. But if you want to know where people need to be income wise to be considered in the middle of the middle class in your city, here it is.

Syracuse & Rochester: $75,000/yr
Buffalo: $60,300/yr
Rome: $60,000/yr

10/06/2025

Here’s a real estate hack to beat the banks at their own game. And it’s 100% legal and not talked about enough. First, you need to know, when you buy a home with a
mortgage, the bank makes its money off the interest they receive off that loan amount.

For simple math, lets say it’s $100K home at a 6% interest rate over 30 years. The bank would make about $116,000 just off the interest alone. Now that’s off you paying monthly, but here’s the trick. Pay bi weekly instead of monthly, you’ll pay your house off six years earlier and save about $25,000 in interest.

10/01/2025

Worried that you’re leaving hundreds on the table because of your interest rate?

If you weren’t able to take advantage of interest rates in 2020 and 2021, your rate might be
keeping you up at night… You don’t need to stress or check rates every day, I’ll do the
work for you. All you have to do is join my refinance watch list and I’ll alert you the
moment you can save on your mortgage. It’s super simple, just click sign up. It could
save you hundreds of dollars each month.

📢Social media summit attendees!! 📢 ✋🛑STOP scrolling for a sec and check out event details! 🏘We get it, is chaotic! We ...
10/21/2024

📢Social media summit attendees!! 📢

✋🛑STOP scrolling for a sec and check out event details!

🏘We get it, is chaotic! We share this itinerary so you're able to schedule and attend which sessions you feel are most valuable to your business or the whole event❕

🛸🚀Space is limited, be sure to register ➡️ https://www.eventbrite.com/e/agent-summit-2024-tickets-1044047633577?aff=oddtdtcreator

🤔Which part are you most excited for??

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6333 NY/298
East Syracuse, NY
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