BATES Lending Group NMLS 93767

03/20/2024

In today’s episode of mortgage broker life. I’m helping a ‘Social Media Influencer’ moving from CA to AZ to buy her first home; this is the loan condition we received from underwriter: ‘Borrower to provide documentation supporting how the borrower's business of social media influencer will continue to operate at the current level of income in a different location’
Ya can’t make this stuff up folks 😂😂😂

03/19/2024

If this doesn’t open your eyes to investing in real estate long term, then I can’t save you. 😂

For those that wanna build long term wealth through real estate, I’d love to help you!

DM me

https://www.instagram.com/reel/C4dbZP6yywq/?igsh=MzRlODBiNWFlZA==

01/04/2024

Have you been wondering how credit scores are calculated? 🧐
We review many credit reports on a daily basis; here are two main culprits of lower scores:

#1 - HIGH CREDIT CARD BALANCES are the main reason for LOW credit scores. Pay your credit cards down to 30-50% of the max limit for best improvement in your score and to help maintain a higher credit score.

#2 - SHORT TERM LOANS - "Hello, you have $100 available on your loan, come on down and get your money!" NO, don't let them convince you this is a good idea!! 🙅🏻‍♂️ Every new disbursement from short term lending companies reports as a brand-new debt on your credit. New debt decreases your score by 20+ points for each new account.

CHECK OUT THIS LINK FOR WAYS TO IMPROVE YOUR CREDIT IN 90 DAYS -

This guide will provide a step-by-step process to help you implement strategies and action today to improve your credit.

11/29/2022

https://www.fhfa.gov/Media/PublicAffairs/Pages/FHFA-Announces-Conforming-Loan-Limits-for-2023.aspx

11/29/2022

FHFA Announced their OFFICIAL new loan limits for 2023 (available NOW)
Conforming $726,200 (prior amount $647,200)
High Balance Conforming in Sacramento/Placer/El Dorado counties $763,600 (prior amount $675,050)

What does this mean in English? It means if you're getting a mortgage, you can borrow more at a cheaper rate with easier lending guidelines than Jumbo (loan amounts above the limits above)

Feel free to reach out with any questions!

10/31/2022

🚨Realtor/Buyers🚨
2/1 or 3/2/1 buy-downs are great options to combat the artificially higher interest rates we’re seeing in our current market. Let me show you how to position this product to sellers so everyone wins!
NMLS 93767
[email protected]
916-508-8088

10/26/2022

GREAT INFO
If you're curious about the state of the economy; including the housing market, inflation, monetary policy, interest rates and how to navigate a pending recession, I urge you to watch this!
Start video at 3:30 mark