Dave Cannon / Mortgage Masters of Indiana, Inc.

02/17/2026

Let's talk about BUY NOW, PAY LATER loans.

If you are trying to purchase a home or planning to purchase one in the future, please be aware that those buy now and pay later options could cause you not to be approved for as much as you would like.

For example: Let's say you used Affirm to purchase 6 different items and now you have 6 individual monthly payments/loans towards those items you purchased. For some of the mortgage loan types available, if the cumulative payment amount of all those payments is more than 5% of your monthly income, then they have to be counted towards your debt-to-income ratio. The higher the DTI, potentially the less you can be approved for. Or you may have to pay some of them off to qualify for a higher loan amount.

The fun part for you and for me is we have to have these documented. That means more paperwork/pdfs to download from each loan.

These are options like:
Affirm, Afterpay, Klarna, Zip, Paypal in 4, and Sezzle.

If you have any other questions pertaining to this or any other mortgage related questions, please feel free to reach out!

It's a great time to get pre-qualified to purchase or to think about doing a rate and term or cash out refinance. Reach out to me for any of these!

NMLS #'s: 2057021/126673
Phone: 812-760-9897
Email: [email protected]
Online App: davecannon.zipforhome.com
Website: closingwithcannon.com

Equal Housing Opportunity

12/23/2025

Appreciate my clients and their kind words. Truly love what I do!!
If you or someone you know are needing to be pre-qualified to buy a home please don’t hesitate to reach out.
I can also do refinances if anyone is wanting to try and save some money on their monthly payment. Doesn’t hurt to get a free consultation and see if it’s worth it.

Online App: davecannon.zipforhome.com
Phone: 812-760-9897
Website: closingwithcannon.com

Check out what Craig had to say about Dave Cannon! Amazing job, Dave!

11/06/2025

Congrats to this awesome couple on their refinance! Saving money on their monthly payment and timed it just right so they don’t have to make a November or December payment on their mortgage.
Most importantly, because Beau is a Veteran he qualifies for the Homes for Heroes program and saved money on closing costs and brought no money to closing!
A VA IRRRL is one of the simplest refi’s out there. No income docs, no appraisal, sooooo easy!

If you have questions about refinances or need to get pre-qualified to purchase a home, feel free to reach out!

Phone: 812-760-9897
Email: [email protected]
Website: closingwithcannon.com
Online Application: davecannon.zipforhome.com

06/11/2025

Win a free Vibe Tumbler!! These are so cool. Excellent blue tooth speaker in the tumbler. Sip some drinks and listen to your tunes at the same time. Go to the Mortgage Masters page to answer!

Can you guess which Loan Officer's favorite baseball team is the St. Louis Cardinals? One correct response will be selected to receive a Mortgage Masters Vibe Tumbler, with the winner announced on 6/12!

04/16/2025

Come check out our BNI River City Referrals Chapter visitor day!! Definitely a great chance to network and grow your business!!!

04/09/2025

Today’s Reminder: You don’t need to make more money to afford a home—you just need to lower your debt!
Here’s how a small change can make a BIG impact on your home-buying power:

🔹 Example: Let’s say you have a $300/month car payment. That $300 counts against your debt-to-income ratio (DTI), potentially lowering the amount you qualify for in a mortgage.

🔹 Solution: If you pay off your car loan (or even refinance for a lower payment), your DTI improves. That could increase your mortgage approval by $30,000+

✅ Quick Fix You Can Do Today:
→ Pay off small debts first (like a credit card with a $500 balance) to quickly lower your DTI.
→ Make extra payments on loans if possible. Even $50 extra a month adds up!
→ Hold off on financing new purchases until after you’ve closed on your home.

Every dollar of debt you reduce = more home-buying power. Start today and watch your mortgage options grow! 🏡💪

❤️ Save this for later & share it with someone who needs to see this!

Follow me for your daily mortgage tips!



My website: closingwithcannon.com

Email: [email protected]

Online App: davecannon.zipforhome.com

HFH Link: https://www.homesforheroes.com/affiliate/dave-cannon

NMLS # 2057021/126673 - Licensed in Indiana, Kentucky and Florida

02/20/2025

Another great customer with a fantastic and gracious review! Thank you so much!!!

Check out this 5 star review Kynedi left about Dave Cannon! Great job, Dave! 👏

02/17/2025

Check out Beau’s new listing!! Get ahold of him for a private showing!

Get ahold of me if you need to be pre-approved to purchase!

🏡✨ New Listing Alert! ✨🏡
This super cute 2 bed, 1 bath gem is a must-see! Perfectly cozy, with all the charm you’ve been looking for. Don’t miss out—schedule your tour today! 🏠💖 Text me for details 📱 812-766-0419.

01/29/2025

Thank you to my clients for this 5 star review!!! So thankful for your kind words!

Check out this 5 star review Clark left for Dave Cannon! Amazing job, Dave! 👏

01/17/2025

Come visit our BNI group on Tuesday from 12:30 to 2:00 pm. You never know, it might be just what you are needing to grow your business!! 😀

🌟 You're Invited to Our Networking Group Visitor Day! 🌟

📅 Date: January 21st
⏰ Time: 12:30
📍 Location: St John's East United Church of Christ.
7000 Lincoln Ave., Evansville.

Join us for an exciting opportunity to connect with local professionals, build meaningful relationships, and grow your network! Whether you're a seasoned entrepreneur, a small business owner, or someone looking to expand their connections, this event is for YOU!

✨ Why Attend?
✅ Meet a diverse group of professionals
✅ Share your business and learn about others
✅ Discover potential collaborations and referrals
✅ Enjoy a welcoming and supportive atmosphere

💡 Bring your business cards and a great attitude – we can’t wait to meet you!

📲 RSVP now or tag a friend who would love to join. Let’s grow together!

01/17/2025

Contact Kristina with The Mike Reeder Team to be able to tour this great home!

For sale: 3 bed, 2 bath, 2,288 SQFT house. Welcome to 2904 E Cherry, a delightful 1948 bungalow brimming with cottage charm and modern updates! There's o... $218,500.

01/17/2025

Reach out to Will and Kate Real Estate for the opportunity to tour these homes!

If you need to be pre-approved to purchase or wanting to shop around feel free to reach out to me.