Closing Time - Mortgages by GJ Steinhauser - My City Lending

05/01/2024

Zillow launches buyer agreement for home tours, a nonexclusive, seven-day contract for buyers to use on home tours with My Lehigh Valley Agents ??????????
https://www.housingwire.com/articles/zillow-launches-buyer-agreement-for-home-tours/

Would appreciate any Realtor feedback in the comments section regarding this

Zillow’s touring agreement is a nonexclusive, seven-day contract for buyers to use when going on home tours with agents.

03/31/2024

Here’s the deal: An escrow account is like a savings account for your home. When you make your monthly payment, a portion of it goes into this special account held by a third party.

But why? Well, it’s about making sure your property taxes and homeowners insurance get paid. Instead of having to save up for those big bills through the year, your lender takes care of it for you by setting aside a little bit each month. Pretty handy, right?

Ready to learn more? Reach out today!

03/29/2024

Here’s how it works: With a buydown, you pay a little extra upfront to lower your interest rate for the first few years of your loan.

Why would you want this? Well, it can help lower your monthly payments in the early years of your mortgage, making it more manageable while you settle into your new home. Think of it as giving yourself a little breathing room as you adjust to your new digs.

Ready to dive deeper into the world of buydowns? Drop me a message and let's discuss a strategy that works for you!

03/27/2024

There are more reasons than you think!

Beyond securing a lower interest rate, consider consolidating debt, shortening your loan term, accessing home equity for investments or renovations, switching loan types for stability, or removing mortgage insurance.

Ready to unlock your home's financial potential? Let's discuss your options and create a tailored refinancing plan today!

03/25/2024

While a stellar credit score is great, it's not the only way to secure a mortgage. Even if your credit isn't perfect, there are still options out there.

Let's chat about your situation and explore mortgage solutions that fit your needs, regardless of your credit score. Reach out today to start the journey toward your dream home!

03/23/2024

Let's talk about it!

To get pre-approved, you'll need to fill out an application and gather documents showing your income, savings, debts, and credit history. If everything checks out, you'll get a thumbs-up for a certain amount you can borrow.

Ready to get started? Contact me today!

03/21/2024

It's like a safety net for lenders, kicking in if the borrower happens to default on the loan.

Usually tagged onto conventional loans with down payments of less than 20%, PMI might seem like an extra expense, but it opens doors for many hopeful homeowners by enabling them to pay less up front.

Curious if PMI is on the table for you? Let's talk. Reach out, and I'll provide the clarity you need to make informed decisions about your mortgage journey.

03/16/2024

The amount you'll need depends on a bunch of factors, like the type of mortgage you're eyeing and your financial situation. Sure, you might have heard that magical 20% figure, but fear not! There are options out there tailored to your circumstances.

Imagine this: some programs offer as low as 3% down for those who qualify. And don't forget those amazing down payment assistance programs waiting to be discovered!

Let's ease that burden together. Drop me a line, and let's chat about your specific needs. Together, we'll craft a strategy to make those homeownership dreams of yours a reality!

03/14/2024

It's like a whirlwind of economic trends, personal finances, and global happenings all swirling together!

Picture this: market conditions, your credit score, inflation – they're all in the mix, shaping the interest rate you're offered. Even those unexpected global events can send ripples through the mortgage world!

Excited to untangle this web and dive into your options? Don't wait! Shoot me a message or give me a call today, and let's kickstart your journey to owning your slice of real estate heaven!

03/14/2024

If you're dreaming of a new home or looking to refinance, now's the perfect time to make those plans blossom.

What’s your favorite thing about Spring? Comment below!