Zach Starnes - Mortgage Lender - NMLS #2099873

Zach Starnes - Mortgage Lender - NMLS #2099873 Zach Starnes is a residential Mortgage Lender offering purchase and refinance mortgages.

11/14/2023

One of the biggest recurring thoughts from homeowners out there right now—
“If I sell my place, where the heck am I going to go?!”

For a home seller, it is a reasonable assumption that you have a lot of home equity sitting there at your finger tips… homeowners are sitting on record amounts of equity

Imagine buying your new home without having to sell your current one

Settling into your new home and then taking your time to list and go through that process without such a whirlwind of doing the buying and selling all at once

You can use your existing equity to make this happen in most situations if you are approvable

The flip side is: have you ever considered keeping your existing home as an investment property?

You have that low rate and you don’t want to lose it even though the writing is on the wall for you to move on to your next place due to size constraints or for any number of other factors

There’s pathways to make this happen where you can buy your new place, retain your old home as a rental and have the best of both worlds

A new home that meets your updated needs & a rental property that is paying down your existing low interest rate mortgage

There’s probably a strategy for just about any route you may want to take, it’s just about you figuring out what your goals are and what you really want the next season of your life to look like!

11/13/2023

Your first home doesn't have to be one that checks every one of your boxes

For most people, it doesn’t. The key is to get your foot in the door with homeownership--building equity, benefiting from tax advantages, and having a place to call your own (no landlord to non-renew you because they feel like it)

If you keep waiting and renting until you can afford your ideal home (because the payment on what you really want is too much right now) you're missing out on all the value owning a home now can provide you

Owning a home sooner, even if it's not your forever home, can propel you closer to your dream in the future - because you'll *likely* have equity to use for your purchase then

Doing something outside your comfort zone doesn't feel warm and fuzzy, but your future self will thank you for taking wise financial action now or in the near future if buying is on your radar.

11/12/2023

The pre-approval process: doing a full loan application & submitting your income documents to a loan officer BEFORE going to see homes - This ensures you know EXACTLY how much you can afford before writing an offer 🏡

11/11/2023

You don’t have to put 20% down to buy a home. You can put down as little as 3%, 3.5%, or 5% on your next home if you qualify.

11/10/2023

One of the qualifiers for a mortgage is having an uninterrupted 2-year job history (this doesn’t mean you only have had 1 job in that time period, but it’s more about not having big gaps where you weren’t employed)

11/09/2023

Mortgage tip of the day: your down payment and closing cost $ have to be seasoned in a bank account for 60 days (no cash from under the mattress) unless you’re receiving gift funds from an acceptable donor

11/08/2023

Mortgage tip of the day: adding a co-borrower (non-occupant or will occupy) is usually only beneficial if you need to add more income. If they have a higher credit score & yours is lower, we’re using the lower score to qualify & vice versa 💰

11/07/2023

Mortgage tip of the day: If you’re thinking of buying soon, it’s a good idea to check your credit report beforehand to see where you sit & if you have any derogatory marks you need to work through. You can do so here: annualcreditreport.com

11/06/2023

Mortgage tip: Even if you’re not ready to start the process yet, gather your docs for easy access like - 2 yrs of W2s, 2 yrs of taxes, 30 days paystubs, 60 days bank statements, photo ID. Quick access to your docs will speed up your pre-approval💰

11/05/2023

Mortgage tip of the day ➡️ Your pre-approval is good for 120 days! When that time’s up, you don’t have to do all the work of re-applying. We’ll get on a call & check on a few items to ensure nothing major changes & then you’re good for the next 4 mos.

11/04/2023

Mortgage tip of the day: while you’re under contract on a home DO NOT open any credit cards, auto loans, have a property quit claimed to you, or open any new lines of credit. Don’t do it to save you and your lender unnecessary pain 😃💰

Address

2140 N Prospect Avenue, Office #1
Milwaukee, WI
53202

Telephone

+14147104999

Website

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