DashLoans

Residential & Commercial Lending

03/13/2020

Loan refinancing refers to the process of taking out a new loan to pay off one or more outstanding loans. Borrowers usually refinance in order to receive lower interest rates or to otherwise reduce their repayment amount.

If you have above a 3.5% interest on your mortgage, you’re leaving money on the table. Give us a call!!💡

03/10/2020

"Soft" inquiries, or those that don't come with a loan or credit offer attached, don't affect your credit score at all. ... This allows you to apply for pre-approval from several lenders, without worrying about the impact on your credit score.

If you're granted a pre-approved mortgage loan, the lender gives you a pre-approval letter, which says your loan will be approved once you make a purchase offer on a home and submit the following documents: the purchase contract, preliminary title information, appraisal and your income and asset documentation. 💡

03/05/2020

Making additional principal payments will also shorten the length of your mortgage term and allow you to build equity faster. Because your balance is being paid down faster, you'll have fewer total payments to make, in-turn leading to more savings. 💡

03/04/2020

Looking to buy a home? Follow these steps to be able to live in the home of your dreams!💡

03/03/2020

Check your rates! With the fed cutting rates, it’s a good time to refinance!💡

02/28/2020

An annual percentage rate (APR) is a broader measure of the cost of borrowing money than the interest rate. The APR reflects the interest rate, any points, mortgage broker fees, and other charges that you pay to get the loan. For that reason, your APR is usually higher than your interest rate. 💡

02/20/2020

Lenders typically say the ideal front-end ratio should be no more than 28 percent, and the back ratio, including all expenses, should be 36 percent or lower. In reality, depending on credit score, savings and down payment, lenders accept higher ratios.

To calculate your debt-to-income ratio, you add up all your monthly debt payments and divide them by your gross monthly income. Your gross monthly income is generally the amount of money you have earned before your taxes and other deductions are taken out.

02/13/2020

Do you have the discipline to save for a down payment? This will vary depending on the market, but the formula still applies. 💡

02/11/2020

Home equity is the market value of a homeowner's unencumbered interest in their real property, that is, the difference between the home's fair market value and the outstanding balance of all liens on the property. 💡

02/06/2020

Your credit utilization — or amounts owed — will see a positive bump as you pay off debts. Generally, it is a good idea to keep your credit utilization ratio below 30%. Paying off a credit card or line of credit can significantly improve your credit utilization and, in turn, significantly raise your credit score. 💡

02/04/2020

Did you know a higher FICO score can result in a lower interest rate for a home loan? To increase your credit score, be sure to pay your bills on time, don't exceed the spending limit on credit cards and monitor your credit report regularly for any errors. Call us to assess your credit and get more tips on how to raise your score.

02/03/2020

Watching the half time show like... 😂

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Fountain Valley, CA
92708

Telephone

+17148885573

Website

https://www.dashloans.net/

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