JM Capital Group

03/29/2021

Spring is here and a lot of Americans are spring cleaning. People all across the nation are making way for change. Are you?

After clearing away all of the clutter are you still longing for a change? Today's mortgage rates continue to hover at historical lows so why not consider buying a new home?

Start saving for a down payment

Here is what you need to know. It’s common to put 20% down, but many lenders now permit much less, and first-time home buyer programs allow as little as 3% down. But putting down less than 20% may mean higher costs and paying for mortgage insurance, and even a small down payment can still be hefty. For example, a 5% down payment on a $200,000 home is $10,000.

03/15/2021

02/28/2021

Your credit score, also called a FICO score, is a three-digit value ranging from 300 to 850. This number indicates how likely you are to repay your debt. This score is based on info in your credit report that comes from the three major credit bureaus: Transunion, Equifax, and Experian.

Any score above 670 is considered very good. Anything below 600 is considered weak.

If you want to improve your credit rating to secure a better mortgage rate, here are three tips that will help you raise your credit score.

1. Reduce your credit card balances

2. Have friends or relatives with great credit add you to their accounts as an authorized user

3. Erase credit report errors with a rapid re-scorer

01/21/2021

Remember, when you are trying to get preapproved for a home loan you need to avoid big purchases that will affect your credit score.

For this and other important tips look to us to have your back.

01/17/2021

How to get a mortgage pre-approval

Besides your closing documents, the most exciting piece of paper you’ll see when home buying is your pre-approval letter. With it you’ll know exactly what your budget is and you can move quickly when you find a great house.

1. Understand the difference between pre-approval and pre-qualification.
Getting mortgage pre-approval makes getting a mortgage easier and puts you in a better position as a buyer. Being pre-qualified does neither of those things, so be sure to do the right one.

2. Get your financial life in the best shape possible.
The size and terms of the mortgage you’re pre-approved for are based on a lot of financial factors.

3. Research mortgage lenders and loan types.
Different mortgage lenders may approve you for different loan terms, so now’s a good time to shop around.

4. Time it right.
Pre-approval letters expire, often after 60 to 90 days. Before you start the actual application process, make sure you’re not pulling the trigger too early.

5. Gather the right financial documents.
Your lenders want to see a picture of your financial life, and they use a bunch of documents as proof of what it looks like. It can take a few days or more to gather them all up, so the more you have on hand when you start to apply, the more time you’ll save.

6. Apply for pre-approval.
Every lender will have slightly different forms and processes, but this part is pretty self-explanatory. Follow the directions, and once you have all your documents submitted, you should hear back in a few days

7. Avoid big financial changes while shopping.
While you’re looking for the right home, your biggest goal should be to keep your financial life stable because you have not yet secured your actual mortgage.

If you're looking to buy a house in the near future, give me a call ☎️(631) 683-5405

01/13/2021

Great News Reported By Freddie Mac!

according to this article from Freddie Mac Mortgage Rates Hit a New Record Low the First Week of 2021
To find out more and why this could spell great things for you, click on the link to read more!


http://www.freddiemac.com/pmms/?utm_source=facebook&utm_medium=social&utm_campaign=&sf134097209=1&fbclid=IwAR1weHroh4c6qh3Eob2JFuIraZi-y_XdJIN6NGSiXEenQvVqmhx3KxffBJc

01/11/2021

It's tough saving up to buy a new home, especially in today's current economy. That's why we wanted to share these 6 money-saving tips to help you achieve your goals.

01/06/2021

The New Rates For Conforming Mortgages In 2010 Are In

12/28/2020

We want to help you get your dreamhome, not a nightmare. Here is an interesting article that you should read when you are inteding to buy a home. There are several things that you really should look out for, and this article might just save you a lot of frustration later on.


https://economicr.com/stories/real-estate-agents-post-red-flags-look-getting-house/?utm_campaign=1PVVE_dotan_eilon%20RoeyS_CTRO2%20TargetF%20Red%20Flags%20House_Primis%20SeanF%20Jessica%20VV%20%3D%2011%20(Content%20Axe%20Desktop)%20En%20BIG4%20-%20Desktop%20WW%20FB&utm_source=Facebook&utm_medium=Facebook_Desktop_Feed&utm_content=23846617344350508&psl=i_c67ac1&ppc=1&fbclid=IwAR3Imt0xxQtAKGaty9tbDFd_uUt3yHQUyCzCfBD4Z57oSxHgibMkzrdncis

Acquiring a new property can be such a stressful process, with numerous appointments with agents, inspections and all the sort, right? In order to get things right after this whole process, there are multiple things to look out for to get the comfortable house of your dreams. These red flags are not...

12/16/2020

May your holidays be safe, happy, healthy, and may your future be bright. JM Capital Group wishes you all a Happy Holidays.

12/14/2020

Today we decided we wanted to post a little something for our happy new homeowners. Congratulations on the purchase of your new home. We are happy to have been a part of making your dream come true.

Here are 10 New Homeowner Tips You Need to Know


https://www.budgetdumpster.com/blog/tips-for-new-homeowners/

12/07/2020

Home buying can be an emotionally charged experience, that's why it is important to rely on trusted professionals who can help you keep focused on things you might otherwise overlook.

If you or a loved one are looking to buy a house here are some important steps to follow.

1. Save for your down payment
2. Know your credit score and clean up any outstanding debts
3. Find a trusted professional that can help you through the process