EVIMA Financial Group

EVIMA Financial Group Brokers are Better. Satisfaction Service, along with competitive loan products. Bilingual in English and Vietnamese.

10/22/2024

I am excited to launch our newly updated website today! 🎉✨

Check it out at www.EvimaFG.com and let me know what you think!

This might be a tough one to hear, but let’s break it down so you’re informed and ready!1️⃣ More Buyers, More Competitio...
10/14/2024

This might be a tough one to hear, but let’s break it down so you’re informed and ready!

1️⃣ More Buyers, More Competition: When interest rates drop, borrowing gets cheaper, which means more people can afford to jump into the market. More buyers = more competition, and that drives up home prices. Great for sellers, but challenging for buyers.

2️⃣ Homes Sell Faster: With rates low, buyers want to lock in a great deal ASAP. That urgency means homes move quickly, giving sellers the upper hand.

3️⃣ Sellers Cashing In: Thanks to the competition, sellers often get multiple offers and can sell above asking price. That means more money in their pocket!

4️⃣ Easier Moves for Sellers: If a seller is looking to upgrade (or downsize), they can also benefit from lower rates and the equity they’ve built. They’re in a strong position, unlike first-time buyers who may be struggling with the rising prices.

So yes, lower rates mean smaller mortgage payments, but they also bring more competition and less wiggle room for negotiating. This isn’t meant to scare you—it’s just about being prepared. If you’re waiting for rates to drop, keep these things in mind when planning your strategy. Ultimately, buy when you’re ready and adapt to the market instead of waiting for “perfect” conditions!

Need help? Reach out and let’s talk about your mortgage options!

CLOSED and FUNDEDThat's wonderful news! Congratulations to Constance on her new multi-unit property. It sounds like a gr...
07/29/2024

CLOSED and FUNDED

That's wonderful news! Congratulations to Constance on her new multi-unit property. It sounds like a great investment, having a place to call home and generating rental income from the other unit. That really is cool!

A big shout out to Andy Nguyen Real Estate, Inc. for introducing me to Constance's family and dedicating countless hours to show her many homes until we found this beautiful 2-unit property.

Advantages of FHA loan with 3.5% down payment on Multi-Family home.

1) Lower Down Payment Requirements: FHA loans typically require a lower down payment, often as low as 3.5%, which can make it more accessible for first-time homebuyers or those with limited savings.

2) Flexible Credit Requirements: FHA loans are known for their more lenient credit requirements compared to conventional loans. This can be beneficial for borrowers with less-than-perfect credit scores.

3) Rental Income Potential: Buying a multi-family home allows the owner to rent out the additional units. This rental income can help offset the mortgage payments and other expenses, making homeownership more affordable.

4) Occupy One Unit, Rent the Others: FHA rules allow borrowers to purchase a multi-family property (up to 4 units) and live in one unit while renting out the others. This can be an effective way to start real estate investing while securing a primary residence.

5) Stable Cash Flow: The rental income from the other units can provide a steady cash flow, which can be used for maintenance, savings, or additional investments.

6) Potential Tax Benefits: As a multi-family homeowner, you might be eligible for certain tax deductions related to the rental units, such as mortgage interest, property management costs, maintenance expenses, and depreciation.

6) Building Equity Faster: With tenants helping to pay down your mortgage, you may build equity faster than you would with a single-family home.

CLOSED and FUNDEDCongratulations to Xuân Lộc on the purchase of his first home. Thank you for allowing me to be part of...
07/12/2024

CLOSED and FUNDED

Congratulations to Xuân Lộc on the purchase of his first home. Thank you for allowing me to be part of your home purchasing process. May your new home be filled with joy, love, and wonderful memories. Here’s to many happy years ahead in your beautiful new space! 🏡🎉

Thank you chi Victoria Tran for the countless hours and days showing Loc many homes. What a great find.

11 business days from submission to Clear-to-Close? Yup! We are ahead of schedule again with more than a week to go be...
07/12/2024

11 business days from submission to Clear-to-Close? Yup! We are ahead of schedule again with more than a week to go before the signing date. Congratulations to our buyer. Long Dang

Another Clear-to-Close achieved last week! We're now awaiting the closing date of 7/18/2024. This loan was processed and...
07/05/2024

Another Clear-to-Close achieved last week! We're now awaiting the closing date of 7/18/2024. This loan was processed and underwritten seamlessly while the client was in Vietnam. Rest assured, your loans are in good hands with us, no matter where you are in the world! Call me today at 612-987-0117. Washington Nguyen

🎉 Big News! Introducing EVIMA Financial Group! 🏡✨Dear cherished clients/friends/family,I'm thrilled to share a significa...
01/17/2024

🎉 Big News! Introducing EVIMA Financial Group! 🏡✨

Dear cherished clients/friends/family,

I'm thrilled to share a significant update with you all. After two incredible years at Edge Home Finance, I am excited to announce the launch of my own venture – EVIMA Financial Group!

It has been an incredible journey serving you and I am profoundly grateful for the trust and partnership we've built. Now, as the FOUNDER/OWNER of EVIMA Financial Group, my commitment to providing top-notch mortgage solutions remains unwavering.

At EVIMA (My daughter's name Evi + Ma for Mason), we're dedicated to guiding you through the path to homeownership with expertise, care, and a personal touch. Your dreams are our priority, and I can't wait to continue this journey with you under our new banner.

Thank you for being a part of my story at Edge, and I look forward to creating many more success stories together at EVIMA Financial Group!

Warm regards,
Kevin Ho
NMLS # 911809
612-987-0117
EVIMA Financial Group
www.EvimaFG.com (under construction)

🏡 Ever heard of a 3-2-1 Mortgage Buydown? No? Well, buckle up because it’s about to get interesting!This magical mortgag...
12/05/2023

🏡 Ever heard of a 3-2-1 Mortgage Buydown? No? Well, buckle up because it’s about to get interesting!

This magical mortgage hack lets you start with a lower interest rate that gradually increases over 3 years.

✅ Year One: Enjoy a rate that’s 3% lower!
✅ Year Two: It’ll bump up but still be 2% lower!
✅ Year Three: Just 1% lower before it levels out.

Learn more how this can make your homeownership dreams come true! ✨

Kevin Ho
612-987-0117
NMLS # 911809

In real estate, as with other businesses, when demand is higher than supply, prices rise, and if supply outpaces demand,...
06/16/2023

In real estate, as with other businesses, when demand is higher than supply, prices rise, and if supply outpaces demand, prices fall.

The COVID-19 pandemic added other factors that threw supply and demand out of balance as well.

So, if you are thinking about buying... now may be the best time with the most available homes versus waiting.

Please follow for more industry updates!

👉 Allow this to be a friendly reminder for all who may be home shopping this weekend!📣If you need a lender recommendatio...
04/27/2023

👉 Allow this to be a friendly reminder for all who may be home shopping this weekend!

📣If you need a lender recommendation, don't hesitate in contacting me!

Address

Edina, MN
55435

Telephone

+16129870117

Website

NMLS #2492916

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