Dominique Polanco - Loan Officer - NMLS# 1716689

Dominique Polanco - Loan Officer - NMLS# 1716689 Dominique Polanco - Loan Officer - NMLS # 1716689

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02/13/2024

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If you are having no luck being approved to buy a house on your own, a co-signer may be a route for you! 🏠Let's dive in ...
09/28/2021

If you are having no luck being approved to buy a house on your own, a co-signer may be a route for you! 🏠

Let's dive in to the pros and cons of co-signing - from the perspective of the co-signer and the borrower.

If a borrower's credit history is less than perfect, it may be difficult to to be approved for a loan on your own. With a friend or family member's help, owning a home may be possible!

When seeking a co-signer, they will need to have a solid job, great credit, and minimal debt. That is a great candidate. ✅

It's a great feeling to be able to help out a loved one in need, but doing so may also pose risks - personally and financially.

If the new home owner misses payments, the credit of the co-signer is at risk and they are legally responsible to pay the loan. 😬

For more information about co-signing, make sure to follow me!

⭐ You don't need 20% down to buy a home! ⭐An FHA Loan is a mortgage that's insured by the Federal Housing Administration...
09/27/2021

⭐ You don't need 20% down to buy a home! ⭐

An FHA Loan is a mortgage that's insured by the Federal Housing Administration.

They allow borrowers to finance homes with down payments as low as 3.5% and are especially popular with first-time homebuyers.

An FHA loan could be for you.


Follow me for more info about FHA loans!

Did you know that veterans have benefits awarded exclusively to them for their dedication and service, including home lo...
09/23/2021

Did you know that veterans have benefits awarded exclusively to them for their dedication and service, including home loans?!

If you're a veteran, utilize a VA loan! 🇺🇸

Here are the benefits 👇

➖ No down payment required
➖ No private mortgage insurance
➖ Easier credit qualification

For more information on VA loans and how you qualify, leave a comment below!

All alone? Perfect!It’s time to lean in real close ‘cause we’ve got a secret! 🤫Secret: You don't just have to shop local...
09/20/2021

All alone? Perfect!

It’s time to lean in real close ‘cause we’ve got a secret! 🤫

Secret: You don't just have to shop locally for mortgage rates!

Don’t accept the first mortgage loan quote you receive. Searching the internet allows you and your mortgage broker shop around for the best rates. Loan rates and fees vary among banks, and your mortgage broker can help you find a great deal

Need some more advice?

DM or comment below. We love to talk about all things mortgage!

These things may seem small, but they make a HUGE difference when getting ready to purchase a home:👉 Budgeting for clos...
09/16/2021

These things may seem small, but they make a HUGE difference when getting ready to purchase a home:

👉 Budgeting for closing costs
👉 Not making large purchases when waiting for your home to close
👉 Boosting your credit before purchasing a home

Many buyers do not budget for closing costs when purchasing a home and are slapped with amounts they cannot afford.

When purchasing a home, certain things are dependent on your credit score such as your interest rate. Opening a new credit account or obtaining new loans can drop your credit score.

A low credit score also narrows the pool of loans you can consider when buying a home.

Tell me, are you doing these things?

Would you rather find a home you love that is already on the market or build a home that is customized to your needs? 🤔 ...
09/15/2021

Would you rather find a home you love that is already on the market or build a home that is customized to your needs? 🤔

Let's break it down!

Building your own home mean you can customize it how you like, everything is new, but it will take awhile to build.

Moving into a home that is already on the market means quicker move in times, established neighborhoods, but it isn't personalized to all your wants.

Which one fits your desired outcome? Let us know in the comments!

Pop quiz time! Are you outgrowing your current home? Take the quiz to find out:🔲 You are always fighting for space in t...
09/13/2021

Pop quiz time! Are you outgrowing your current home?

Take the quiz to find out:
🔲 You are always fighting for space in the bathroom or kitchen
🔲 You have too much stuff for your space
🔲 Your children are sharing bedrooms
🔲 You have no room for entertaining anymore

Checked more than 1?

You should get in touch with me! 😄

Send me a DM and let’s see how I may be able to help! 💌

What’s your pop quiz score? 👇💬

Share below!

Let’s learn about important mortgage industry terms! 🤗✨Appraisals✨ are what lenders rely on to validate a home’s value. ...
09/10/2021

Let’s learn about important mortgage industry terms! 🤗

✨Appraisals✨ are what lenders rely on to validate a home’s value. They are necessary when buying, selling, and refinancing your home. It determines the value of the home to ensure that the price reflects the home’s condition, age, location, and features.

Appraisals also help banks and lenders avoid loaning more money to the borrower than what the house is worth.


You don’t need to be fluent in the language of the market to buy or sell. Instead, connect with us and we can help you learn all you need to know about the home buying process.

3 Tips Buyers Need to Know ⬇️⬇️➕ Get preapproved, not just prequalified➕ Work with an incredible loan officer➕ Make your...
09/08/2021

3 Tips Buyers Need to Know ⬇️⬇️

➕ Get preapproved, not just prequalified

➕ Work with an incredible loan officer

➕ Make your first offer the strongest one!

Even in a sellers’ market like we’re experiencing today, these three crucial things can help you achieve success when you buy your next home!

DM me for more advice on how to navigate today’s complex market!

Did you know? 💭 Fannie Mae and Freddie Mac have removed the adverse refinance fee!The fee was designed to cover losses p...
09/06/2021

Did you know? 💭 Fannie Mae and Freddie Mac have removed the adverse refinance fee!

The fee was designed to cover losses projected as a result of the COVID-19 pandemic.

If you refinance now, you don't have to pay the adverse refinance fee and will be able to save up to 0.5% on closing costs. 😊

You also may be able to shorten your loan term! Learn more here: https://on.mktw.net/3gJehiK

Have more questions about saving money on refinancing?

Send me a DM!

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El Paso, TX

Telephone

+19152623730

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