Jim Bystrzycki NMLS #1000667

07/10/2023

Hometown Heroes UPDATES: -

New program starts 7/3 (first working day of July)

What is changing:
- Buyers must work for an employer that is FL based with a brick and mortar location.
Working from home and can confirm employer is FL based business through FL Division of Corporations @ sunbiz.og with a principal address in FL

- Buyers MUST work a minimum of 35 hours a week
5% available up to $35,000 in assistance (minimum amount now $10,000)

- Income limits $132,750 of QUALIFYING income (income used to qualify on the loan) if the borrower has additional income such as overtime. bonus, tip income and it's not needed to qualify we may be able to exclude from the income limit (St Johns, Duval and Clay)
Income limits $131,700 for Lake County and $128,250 for Sumter

-640 minimum score

-First time home buyer - means have not owned and occupied within the last 3 years.

-VETERANS- as always are exempt from the first time buyer status and working (can be retired)

- Rates are typically below market and borrower is exempt from intangible tax and doc stamps.

-The first round of HTH lasted almost a year. The new funds will NOT last LONG with the availability of more qualifying borrowers. Do NOT wait if you are on the fence!

Send a message to learn more

08/12/2022

My wife and I did this weekly class a few years back and it changed our lives and the way we communicate about money. Now I am coordinating my own class, so you can see what all the rave is about with financial peace as well with me as your instructor!

Have you always wanted to get out of debt? Do you want to plan for your financial future?

Spoiler alert: The Joneses are broke. That means keeping up with them will only get you into MORE debt! It’s time to run fast and hard in the other direction, and Financial Peace University will show you how. Join me for my next class at loanDepot starting Wednesday, September 28, 2022. Feel free to message me with any questions. Then, go sign up and start your 14-day free trial of Financial Peace at fpu.com/1153467.

07/21/2022

STAT OF THE DAY
Nationwide- The median existing-home price for all housing types in June was $416,000, up 13.4% from June 2021 ($366,900), with prices up in all regions. Home prices have now gone up for 124 consecutive months – the longest-running streak on record‼️

As always- if you have any questions about home financing, or you want to see what your buying power is in today's market, I am your guy! Just slide into the DMs.

06/16/2022

Look at the data, and look at the facts. If you want to buy a home, the time is NOW regardless of rising interest rates. As always, I am here to help you with your mortgage and discover your options.

https://fb.watch/dGZJagi9Ww/

06/14/2022

This is EYE OPENING to say the least. Below are 2 charts that show how fast the interest rates have risen, and how it affects affordability. Due to the recent interest rate hikes, driven by inflation, your affordability is about 62.5% of what it was last year. Less than a year ago, if a home buyer qualified for a 400k home they should now be looking in the 250k price range. This doesn’t consider that home prices in the state of Florida have also gone up by almost 25%. If you are active in this market, the time to lock in your interest rate is NOW. We have programs like a 90 day “lock and shop” that allows you to lock your interest rate while you look for a home. If you are building a brand-new home, let’s talk about an extended rate lock. This is where we can lock your rate in TODAY, so you aren’t subject to the rate increases while your home is being constructed. There is more room for these rates to keep increasing, and rate protection products are the only way to avoid being hit. As always- if you have any questions about your affordability, or how this might affect you- I am always here to help!

*Disclaimer, these are based on rates found on NerdWallet for the last year and are not reflective of any offer to lend do not contain the APR or quote any closing costs prepaids or qualifications here. This is only an illustration of the average note rate based on the same approximate principal and interest to get a scope of affordability based on the volatility of rates moving up.

02/08/2022

HOLY SMOKES! According to the Fed, American Credit card balances increased by $52 Billion last quarter. The LARGEST increase ever observed in the 22 year history of tracking this data.

So what you ask?

Due to rising home values, the majority of homeowners have tappable equity in their home where they could pay off this debt with a much lower interest home loan.

HOW?

By doing a CASH-OUT Refinance! Pull the equity from your home and pay off your credit cards, your high interest car loan, your private student loans, etc.

DON'T LET THE CREDIT CARD COMPANIES OWN YOU! You worked hard for your house, now let the equity you earned help you!

If you have any questions or want me to run numbers for you, please leave a comment or send me a message.

https://www.newyorkfed.org/medialibrary/interactives/householdcredit/data/pdf/HHDC_2021Q4?fbclid=IwAR0la0qAQriIJDLUnUNiIfOZyolFwn6qKj06I08fsjLD7z538be7ZSGcb0I

01/11/2022

PSA!!! Jacksonville is predicted to be the second hottest real estate market in the country for 2022. What does this mean for home buyers? It means values are going to continue to rise! According to the article, real estate in Jacksonville will see a 22% increase in value by November of 2022. That means a home that is selling for 300k now, will be worth 366K by years end. This is INSANE! If you plan to buy a home within the next 12 months, the time to act is NOW! Please let me know how I can assist. I would be more than happy to see what you might qualify for!

Sunbelt cities dominate the list.

11/10/2021

Tomorrow, Veterans Day, starting at 11:00am we will be having a Veteran appreciation lunch to honor all those that have served. Come get some delicious food, and know that we at loanDepot cannot thank you enough! Hope to you see there! 3652 3rd street south. Jax beach, FL.

10/06/2021

This home is owned by Zillow. As you can see from the pictures, Zillow did not cut any corners when getting the home ready for sale. 🤣 I love the attention brought to the windows and the yard. The lesson here folks: When buying a home, use a realtor that can represent you as the BUYER. It costs you virtually nothing, and your real estate agent can negotiate proper repairs that need to be done to the home before you close on it. DON'T BUY STRAIGHT FROM ZILLOW!

04/10/2020

Great condo unit WITH GARAGE! Great community! FHA approved association. Let me know if you want a pre-approval for this beautiful condo!

13703 Richmond Park Dr N. Unit 1511 Jacksonville, FL 32224 | 2 BD | 2 BA | 1,229 SF | BUILT 1997

03/31/2020

Want to buy a home but have been turned down by a lender? No obligation on your part. It won't cost you a thing to find out about your home buying options. My goal is to find a financing solution that can work for your long-term and short-term goals. Contact me today!

- https://www.loandepot.com/jimb