Brad Norman Mortgage Loans

05/13/2024

Understanding Debt-to-Income Ratio https://wix.to/PC8laZi

When you're ready to buy a home, it's crucial to understand the financial metrics that lenders use to determine your eligibility for a mortgage. One such metric is the debt-to-income (DTI) ratio. This ratio plays a significant role in the loan approval process and can impact the terms of your mortga...

04/29/2024

Unlocking your dream home, one loan at a time!

04/29/2024

Welcome to Brad Norman Mortgage Loans! We're thrilled to have you on board as a member of our community. Get ready to embark on an exciting journey toward homeownership with our weekly updates and educational content tailored to your mortgage needs.

04/27/2024

Buy Now vs The Cost to Wait

Scenario:
Your Current Monthly Rent is $1,500 and you have the ability to put away $500/month in savings.

It would take approximately 24.33 years to save up for a 20% down payment for a $400,000 house, let me explain.

During those 24.33 years that house (with historical appreciate data) will be worth an estimated $821,249

At the end of 24.33 years to get your 20% down payment, you will have had to save up $164,353.

While paying an estimated $631,692 in rent over the course of those 24.33 years because your rent projection would be around $3,049/month by the end of it.

Rather than waiting 24.33 years to before you buy, its possible to buy now with as little as 3% down at $12,000 for a $400,000 house at 7% interest rate. Consider this: if you buy now, after 24.33 years you will have reached $676,692 in home equity. Rent payments build zero equity.

NMLS #2017913 DRE #02290000

04/20/2024

04/18/2024

Down Payment Assistance Program -

The California Housing Finance Agency (CalHFA) provides financial assistance programs that help low to moderate-income families buy their first home in California. To qualify for the CalHFA programs, there are several requirements that potential borrowers must meet. Here are the key criteria:

04/11/2024

Maximizing Sales with Seller Concessions -

04/01/2024

What are your fears?
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NMLS #2017913 DRE #02230000
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03/31/2024

Happy Easter Everyone!

03/29/2024

Have you wondered if you could afford to buy a house but haven’t talked to anyone about it?

Schedule a Free Mortgage Consultation to see what you can qualify for before going through the application process.

*Free Consultation
*Zero Commitment
*Build a plan for the future
*Build credit

Unlocking your dream home, one loan at a time!