Meryl Dwyer - Loan Officer

10/08/2024

If anyone has family evacuating from Florida to Georgia, we have a spare room.

05/23/2024

This Will End The Rent vs. Buy Debate

The answer has never been clearer on whether you should rent or buy a house.

A survey released by the FED showed the massive difference in the net worth of homeowners vs renters.

Homeowners had a median net worth of $396,000 while renters only had $10,400.

Aside from having a more stable living situation, owning a home is also a valuable appreciating asset.

It doesn't matter if you took out a loan to pay for the house because, with each repayment you make, you're growing your net worth as well as your equity in that home.

Compared to renters, every payment they make isn't helping them build their wealth.

So if you're on the fence about whether you should rent or buy a home, the numbers speak for themselves.

Source:

If you’re weighing your options to decide whether it makes more sense to rent or buy a home today, here’s one key data point that could help you feel more confident in making your decision.

05/13/2024

Be Careful What You Read!

Always call your trusted mortgage advisor for accurate information!

Source:MBS Highway

05/10/2024

Want a house hack that can help pay for your child's college education?

I have 2 ways to help you achieve this.
1 can start when your kiddos are small, the other, right before they are ready to head off to school.

It's not too late to position yourself for this strategy.

DM me for a chance to learn these hacks!

05/08/2024

Should You Use All Your Cash on Your Home?

Just because you HAVE the cash to buy a house doesn't mean you should use all your available funds.

What will you do when you put every penny of your savings into the house and your car needs an emergency repair or an unexpected expense You’ll most likely have to put that on a credit card which comes at a MUCH higher interest rate than a mortgage.

In fact, a mortgage might be the cheapest debt you will ever pay in your life.

So the key is to find a balance where you can put the least amount of liquid cash to buy the home while making the mortgage payment affordable.

That way you can still afford the house while having money saved for life’s curveballs, retirement, or your children’s future.

If you want help finding that balance DM me and I’ll be happy to help.

05/06/2024

Tips for First-Time Home Buyers: Your Ultimate Guide to Navigating the Real Estate Market
Are you considering buying your first home? Congratulations on taking this exciting step towards homeownership! It can be both thrilling and overwhelming, but with the right knowledge and guidance, you can make informed decisions and find the perfect home for you. Here are some essential tips to help you along the way:
1. Assess Your Finances: Before you start house hunting, take a close look at your finances. Determine how much you can afford to spend on a home by calculating your budget, considering factors such as your income, existing debts, and expenses. Remember to factor in additional costs like property taxes, insurance, and maintenance.
2. Get Pre-Approved for a Mortgage: It's crucial to know how much you can borrow from a lender before you begin your search. Getting pre-approved for a mortgage will give you a clear idea of your budget and strengthen your position as a serious buyer when you make an offer on a property.
3. Research the Market: Familiarize yourself with the real estate market in the areas you're interested in. Look at recent sales data, trends, and property values to get a sense of what's available and how much homes are selling for. Consider working with a local real estate agent who can provide valuable insights and guidance.
4. Identify Your Needs and Wants: Make a list of your must-have features and preferences for your new home. Consider factors such as location, size, layout, amenities, and proximity to schools, shops, and public transportation. Having a clear understanding of your priorities will help narrow down your options and streamline your search.
Want more insight? Call me today 678-858-8150

05/03/2024

Do you have a senior parent on a fixed income who needs to downsize but can't qualify for a mortgage?

The Fannie Mae Family Opportunity Mortgage allows a borrower to purchase a home with all the advantages of an owner-occupied loan, even when they do not plan to live in the house.

For a parent with insufficient income to secure a mortgage loan themselves, the Family Opportunity Mortgage offers a path to independent living. It’s also possible that purchasing a home could be a cost-effective option, and the mortgage payment may be significantly less expensive than the cost of a nursing home or assisted living facility.

Those advantages are significant and include more flexible loan terms, lower down payment requirements, reduced closing costs, and lower interest rates.

Without the Family Opportunity Mortgage loan program, borrowers would have to purchase a home for their parents as a second home or investment property, which can cause added complications and expenses.

*Credit and income qualifications apply. This is not a commitment to lend."

Call me today to ease the stress for Mom and Dad!
678-858-8150
NMLS # 544482

05/02/2024

What does this picture have to do with real estate?

Ever had a client terminate a contract because they got cold feet?

Here is what a modern loan advisor will offer you and your clients:

1. The Qualification Price
2. The Qualification Payment
3. The Comfort Price
4. The Comfort Payment

Want to learn more?

DM or call me to learn more at 678-858-8150

04/29/2024

What's on deck for this week:

Housing and labor sector data will share headlines with the Fed, starting Tuesday with appreciation data for February from Case-Shiller and the Federal Housing Finance Agency.

We’ll also see updates on job openings and private payrolls (Wednesday),

unemployment claims (Thursday)

nonfarm payrolls and the unemployment rate
(Friday).

The Fed’s meeting begins Tuesday, with their Monetary Policy Statement and press conference coming on Wednesday. Investors will be closely listening for news regarding
the timing of rate cuts later this year.

Source: MBS Highway