Loanive Mortgage NMLS ID #2059979

10/05/2022

As Our Rent Increases it may make more sense to Purchase. Remember your first home most likely isn’t going to be your last home. First time homebuyers usually sell In the first 5-7 years.

Let’s take a look at this loan scenario.
Loanive Mortgage NMLS ID #2059979

Raymond Quill, Loanive Mortgage, NMLS 2019898

Now this a conventional borrower. I don’t push people to conventional unless they have a 680+ credit score. Anything below that you will be paying more for the loan long-term.

🏠 First time homebuyer loan scenario 🏠
Purchase Price $165,000
Loan Amount $160,050

Rate: 6.500%/ 7.308% APR
Product: CON 30 Year Fixed
Credit Score: 690
Down Payment 3% = $4,950

Note: we took a small interest increase for lender credit towards closing costs

Monthly PITI = $1,130 ❗️
Principal | interest | Taxes | Insurance

Estimated Cash To Close $12,379.75 💵

* actual rate, payment and cost could be higher *
This is just an estimate.

Thinking about purchasing soon? Let’s start by building your homebuying roadmap. Schedule Your Call Below.

• Pennsylvania
• Oklahoma

https://roadmap.loanivewebinars.com

03/29/2022

Questions about Homeownership?

REACH OUT to speak with an expert to learn more about your options!

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Last week's big news was the rapid jump in rates.  In fact, it was right in line with the worst week in decades in terms of the total increase in the average 30yr fixed rate.  On that note, June 17-21, 2013 saw rates rise 0.52% compared to last week's 0.49%.  Becau...

03/24/2022

Planning a new home purchase?

REACH OUT to ensure your checklist covers ALL the details! ✔️

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http://ow.ly/ev0850IrLmo

03/22/2022

Ready for a fresh start in Spring?

REACH OUT to learn what's possible for you!

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Servicers’ forbearance portfolio volume dropped in February for the 21st-consecutive month, with more borrowers current on their mortgage payments due to improvements in the economy and viable loss mitigation options.

03/22/2022

Implementation Note issued March 16, 2022. Decisions Regarding Monetary Policy Implementation:

"The Board of Governors of the Federal Reserve System voted unanimously to raise the interest rate paid on reserve balances to 0.4 percent, effective March 17, 2022."

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03/17/2022

Happy St. Patrick's Day! 🍀

03/15/2022

Ready to make a move in 2022?

REACH OUT to discover the opportunities available for you!

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What aspiring home buyers should know about housing prices, according to experts.

03/10/2022

Navigating the world of Homeownership can be tricky!

Reach out to speak with an expert who puts your best interest first!

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The news release for weekly mortgage applications may have come out today, but as with any economic report, it refers to things that happened in the past.  The Mortgage Bankers Association's applications data is some of the timeliest in that regard as it only looks back one week as oppo...

03/08/2022

Happy International Women's Day!

Thank you for all you have done and continue to do every single day!

03/03/2022

Is it time for you to become a Homeowner?

Reach out to speak with a trusted expert you can ensure you have everything you need to succeed!

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Smarter homes make sense if you're a first-time buyer. After all, homeownership might cost more than you anticipate.

03/01/2022

Considering a new home purchase?

Reach out to speak with a trusted expert to get all the information you need to succeed!

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Mortgage rates are sinking, and that means home prices are likely to continue surging.

02/24/2022

Pre-approval is a MUST!

Whether you are a First-Time Homebuyer, or a seasoned Home Owner looking to make a change - REACH OUT to speak with a trusted expert to ensure you take all the right steps!