Dennis J. Quaranta - Funding Resources LLC

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Dennis J. Quaranta - Funding Resources LLC Let me help you with your Commercial and Residential financing!

Ways Homebuyers Can Beat 7% Mortgage Rates and Save Thousands of DollarsWith mortgage rates hovering around 7%, it’s mor...
10/16/2026

Ways Homebuyers Can Beat 7% Mortgage Rates and Save Thousands of Dollars
With mortgage rates hovering around 7%, it’s more important than ever to look for ways to save. Over my 20 years in mortgage lending, I’ve seen how factors like your credit score, down payment, and lender options can make thousands of dollars’ difference in the long run. Improving your credit can have a real impact on the rate you’re offered, and working with a mortgage broker often opens doors to better deals you might not find on your own. Even a slightly larger down payment can help lower your rate and reduce mortgage insurance costs. My approach is always to help clients explore every angle—finding creative solutions tailored to their needs. If you’re navigating the homebuying process in today’s market, let’s look at the strategies that can help you move forward with confidence.


https://www.roomvu.com/agent-news/dennis-j-quaranta-2129252/2123717-Ways-Homebuyers-Can-Beat-7%25-Mortgage-Rates-and-Save-Thousand

10/15/2026

Mortgage Rates Demand a 12-Month Plan
One thing I’ve learned after 20+ years in mortgage lending is that planning ahead—especially when it comes to mortgage rates—makes all the difference for homebuyers. Recently, buyers across the US have been encouraged to shape their budgets around what feels comfortable for monthly payments, not just hopes that rates will fall. Why? Because rate and price rarely align perfectly, and timing both is nearly impossible.

If you’re searching for a home over the next 12 months, it’s wise to expect rates could move by about 1 percentage point in either direction. That shift alone can swing your buying power by more than $60,000. For example, with a $2,000/month budget, you might qualify for around $334,000 at 6%, but only about $273,000 at 8%. Flexibility in your approach is key to keeping your options open and protecting your affordability.

Even on shorter timelines, it’s smart to build in smaller buffers—about three-quarters of a point over 6 months, or half a point over 3 months. These changes still have a meaningful impact on what you can afford.

Before making an offer, I always recommend clients run the numbers across several payment scenarios, look into buydowns or concessions, work on lowering debt, and prioritize building savings to remain flexible. My focus is on finding creative solutions to keep your homeownership journey on track, no matter what the market throws your way.

10/14/2026

US Mortgage Refinance Myths to Know
After working with homeowners for over two decades, I’ve seen plenty of myths swirl around refinancing—so let’s clear the air. First, always shop around: I encourage clients to get at least three same-day quotes and look beyond just the rate. Comparing APRs reveals lender fees and can give you a real edge when negotiating. Remember, refinancing isn’t a free ride—closing costs typically run 2% to 5% of your new loan. That means it’s important to calculate your break-even point before jumping in. And while a lower rate sounds great, starting a fresh 30-year loan can actually mean paying more interest over time. Swapping your current mortgage for a new one doesn’t complicate a future sale, but if you’re considering a cash-out refi, extra caution is a must. Expect a credit check—having strong credit and keeping your debt-to-income ratio under 36% helps you secure the best offers. If you’ve been turned down before, there are ways to improve and try again. I’m here to help you navigate each step, answer your questions, and make sure you understand the full picture so you can refinance with confidence.

10/13/2026

SC Mortgage Rates Remain Competitive in National Study
With over 20 years in mortgage lending here in South Carolina, I’m always tracking how shifts in rates and home values affect our local buyers. A recent study showed U.S. median home prices have jumped 80% since 2016. In South Carolina, the average home value is now $306,323—up 1% from last year. Mortgage rates here have climbed to 5.02%, still under the national average of 6.95%. That difference means affordability is holding steadier for buyers in our state, even as rates are on the rise. My focus is on helping clients understand how these numbers play out in real life, so you can approach your next move with clarity and confidence.

10/12/2026

One Mortgage Question Could Save $23.8K
With over 20 years in mortgage lending, I’ve seen how a single smart question can have a real impact on your bottom line—sometimes saving you as much as $23,800 over the life of your loan. A recent analysis of 3.2 million 2025 mortgages showed that US borrowers aged 55 and older who refinanced frequently paid about 1 percentage point more than the most competitive rates available for similar profiles. That’s an average of $2,400 extra every year—adding up to $19,000 across eight years. More than 80% of these refinancers ended up in loans that cost them more than necessary. For example, on a $197,000 balance, the difference between a competitive low-7% rate and a higher near-8% rate meant monthly payments varied by $135.

What I notice most is how convenience, familiarity, and urgency play into these decisions—those tempting cold calls, promises to skip a payment, or high-pressure lock-in pitches can push borrowers to rush. From my experience, the best approach is to slow down and compare: get at least three Loan Estimates, look closely at the APR and origination charges, review your Closing Disclosure, and remember you have a 3-day window to rescind if you need it. My goal is to make sure you have the information and support to confidently evaluate every option, so you never pay more than you should.

10/11/2026

Honoring the Significance of Indigenous Day

How to Buy a Foreclosed HomeThinking about purchasing a foreclosed home? With foreclosure filings up 21%, there’s an inc...
10/11/2026

How to Buy a Foreclosed Home
Thinking about purchasing a foreclosed home? With foreclosure filings up 21%, there’s an increase in available inventory—something I’m watching closely for my clients here in Conway and beyond. You can find these homes through short sales, auctions, or directly as bank-owned properties. It’s important to know that these sales are typically “as is,” which means limited inspections and, especially at auctions, possible buyer premiums. From my two decades in mortgage lending, I can’t stress enough how crucial it is to have your preapproval ready if you want to compete with cash buyers. I’m always focused on helping buyers navigate these unique opportunities and ensuring all your financing options are on the table.


https://www.roomvu.com/agent-news/dennis-j-quaranta-2129252/2077850-How-to-Buy-a-Foreclosed-Home

Address

630 Chestnut Road
Myrtle Beach, SC
29572

Opening Hours

Monday 9am - 9pm
Tuesday 9am - 9pm
Wednesday 9am - 9pm
Thursday 9am - 9pm
Friday 9am - 9pm
Saturday 9am - 9pm
Sunday 9am - 5pm

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+18438774314

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