Mayra Alvarez - Closed By Mayra

Mayra Alvarez - Closed By Mayra 🇲🇽 Bilingual Loan Officer | ITIN | NMLS 1896248 | Simmons Bank 484633 | Equal Housing Lender | Member FDIC 🏡 Mayra Alvarez es una originadora de hipotecas.
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La pasión de Mayra es ayudar a las personas a alcanzar la meta de ser propietarios de una vivienda. Mayra se esfuerza por garantizar que todos y cada uno de los clientes reciban el conocimiento y los recursos que necesitan para tomar una decisión informada. Esto no podría ser más importante al navegar a través del proceso de propiedad de vivienda. Frecuentemente asiste a conferencias educativas y

talleres de capacitación para servir mejor a su clientela y brindar un servicio al cliente de cinco estrellas. Originaria de Jalisco, México. Mayra habla inglés y español con fluidez. Fuera de la oficina, le gusta pasar tiempo con su familia, viajar y probar nuevos restaurantes.

🏡 Mayra Alvarez is a licensed mortgage originator. Helping people reach the goal of homeownership is Mayra’s passion. Mayra strives to ensure that each and every client receives the knowledge and resources they need to make an informed decision. This could not be more important when navigating through the process of homeownership. She frequently attends educational conferences and training workshops to better serve her clientele and provide five-star customer service. Originally from Jalisco, Mexico. Mayra is fluent in both English and Spanish. Outside of the office, she likes to spend time with her family, travel and try new restaurants.

⚠️ One of the biggest misconceptions is that a Realtor or seller can request the ROV. The request must come from the buy...
06/12/2026

⚠️ One of the biggest misconceptions is that a Realtor or seller can request the ROV. The request must come from the buyer.

🚩Realtors: The Reconsideration of Value (ROV) disclosure was added to the mortgage process on October 31, 2024, is a new standard process for borrowers to request a reconsideration of an appraisal through their lender if they believe the appraisal has deficiencies. Although ROV requests have been commonplace for years, the industry has lacked standardized processes for borrowers, lenders and appraisers to follow until now.

🏡 Buyers: Your lender will provide the ROV form, and the buyer completes and submits it. Buyers often work with their Realtor to gather comparable sales and supporting documentation before submitting the request.

An ROV does not guarantee a change in value. The request must be supported by market data, factual corrections, and relevant comparable sales.

Understanding the process helps buyers and Realtors respond quickly when appraisal concerns arise.

⚠️ Uno de los malentendidos más comunes es pensar que un Realtor (agente de bienes y raices) o el vendedor puede solicitar el ROV. La solicitud debe ser hecha por el comprador.

🚩 Realtors: La divulgación de Reconsideration of Value (ROV) se agregó al proceso hipotecario el 31 de octubre de 2024. Es un proceso estándar nuevo para que los prestatarios soliciten una reconsideración de una tasación a través de su prestamista si consideran que la tasación tiene deficiencias. Aunque las solicitudes de ROV han existido durante años, la industria no contaba con un proceso estandarizado para prestatarios, prestamistas y tasadores hasta ahora.

🏡 Compradores: El prestamista entrega el formulario ROV, y el comprador lo completa y lo envía. Los compradores suelen trabajar con su Realtor para reunir ventas comparables y documentación de respaldo antes de enviar la solicitud.

Un ROV no garantiza un cambio en el valor. La solicitud debe estar respaldada por datos de mercado, correcciones de hechos y ventas comparables relevantes.

Entender el proceso ayuda a compradores y Realtors a responder con rapidez cuando surgen inquietudes sobre la tasación.

🏡 Thinking about buying a home? Be careful with hard inquiries.A hard inquiry happens when a lender, credit card company...
06/10/2026

🏡 Thinking about buying a home? Be careful with hard inquiries.

A hard inquiry happens when a lender, credit card company, auto lender, or financing company pulls your credit because you applied for new credit.

Why does this matter?

❌ Hard inquiries can lower your credit score.
❌ New debt can increase your debt-to-income ratio.
❌ Additional financing may require extra documentation during underwriting.
❌ Multiple new accounts opened before closing can put your mortgage approval at risk.

The good news?

✅ Mortgage credit inquiries are treated differently.

When shopping for a mortgage, credit bureaus recognize that buyers compare lenders. Multiple mortgage inquiries made within a rate-shopping window are generally counted as one inquiry for credit scoring purposes.

⏰ Grace Period:
Most credit scoring models allow a mortgage shopping window of 14 to 45 days, depending on the scoring model used.

Before applying for:
🚗 Auto loans
💳 Credit cards
🛋️ Furniture financing
📱 Buy Now, Pay Later programs
🏠 Speak with your mortgage lender first.

One application can create a chain reaction that affects your approval.

Fun Fact: The highest number of hard inquiries I’ve personally seen on a mortgage credit report was nearly 60 hard inquiries in 24 months. 😳

Have questions about your credit before buying a home? Send me a message.

06/09/2026

Property Monitoring is here.

A complimentary service that provides email alerts about certain activity related to your clients’ property after closing — every new purchase transaction with an owner’s title policy will automatically have the property enrolled in the Property Monitoring service.

Title insurance protects before closing. Property Monitoring provides visibility after.

No extra work for you — and a solution for your clients.

⚠️ One factor many people don’t consider is how co-signing may affect their own future homeownership goals.If you’ve nev...
06/05/2026

⚠️ One factor many people don’t consider is how co-signing may affect their own future homeownership goals.

If you’ve never owned a home and plan to buy one later, being a co-signer on someone else’s mortgage could impact your eligibility for certain first-time homebuyer benefits, down payment assistance programs, and grants. Program guidelines vary, so understanding the potential impact before signing is important.

Before co-signing, make sure you understand how the mortgage will affect your credit, debt-to-income ratio, borrowing power, and future homebuying opportunities.

Questions about co-signing for a family member?

Let’s talk through the numbers before you sign. 🏡💰


⚠️ Un aspecto que muchas personas desconocen es que cofirmar una hipoteca puede afectar sus propios planes de convertirse en propietarios de vivienda.

Si nunca has sido dueño de una casa y planeas comprar una en el futuro, aparecer en la hipoteca de otra persona podría afectar tu elegibilidad para algunos programas de compradores de vivienda por primera vez, asistencia para el pago inicial y ciertas subvenciones. Cada programa tiene reglas diferentes, por lo que es importante conocer las implicaciones antes de firmar.

Antes de cofirmar, asegúrate de comprender cómo esta decisión puede afectar tu crédito, tu capacidad de endeudamiento y tus futuras oportunidades de compra de vivienda.

¿Tienes preguntas sobre cofirmar para un familiar?

Con gusto revisamos tu situación antes de que tomes una decisió 🏡

These programs changed lives. Some buyers were able to keep more money in savings. Others lowered the amount needed to c...
05/26/2026

These programs changed lives. Some buyers were able to keep more money in savings. Others lowered the amount needed to close or made their monthly payment more manageable. For many families, this was the difference between continuing to rent or finally becoming homeowners.

What most people don’t see is everything happening behind the scenes. My late nights reviewing files, working through conditions or applications during holidays, responding to calls and emails at 3am, fighting for approvals, searching for solutions, and carrying the responsibility of helping families reach the closing table.

This work matters to me because every approval represents stability, sacrifice, and a family creating something for themselves. Seeing my clients receive their keys makes every sleepless night worth it. 🏡

———

En asistencia ayudaron a 16 familias compradoras de vivienda por primera vez a comprar su primer hogar, incluyendo 6 familias con ITIN que pensaban que ser propietarios estaba fuera de su alcance.

Estos programas cambiaron vidas. Algunos compradores pudieron conservar más dinero en sus ahorros. Otros lograron reducir la cantidad necesaria para cerrar o tener un pago mensual más manejable. Para muchas familias, esto fue la diferencia entre seguir rentando o finalmente convertirse en propietarios.

Lo que muchas personas no ven es todo lo que sucede detrás de cámaras. Mis noches largas revisando archivos, trabajando condiciones durante días festivos, respondiendo llamadas y correos hasta las 3am, peleando por aprobaciones, buscando soluciones y cargando con la responsabilidad de ayudar a las familias a llegar a la mesa de cierre.

Este trabajo significa mucho para mí porque cada aprobación representa estabilidad, sacrificio y una familia construyendo algo propio. Ver a mis clientes recibir las llaves hace que cada noche sin dormir valga la pena. 🏡

🏡 A buyer’s agent role is bigger than scheduling showings and writing contracts.Your clients are trusting you with one o...
05/21/2026

🏡 A buyer’s agent role is bigger than scheduling showings and writing contracts.

Your clients are trusting you with one of the biggest financial decisions of their lives. The best agents help buyers prepare before they ever submit an offer.

⚠️ Buyers should fully understand the following before you write an offer:
• Their loan approval and credit position
• Realistic monthly payments
• Total cash needed to close
• Lender fees and closing costs
• Appraisal risks and contract deadlines

A smooth transaction usually starts with preparation on the front end and a great lender 😉

When buyers are educated, expectations are clearer, financing issues are reduced, and contracts are stronger from the beginning. 🏡

⚠️ If you’re actively house hunting or planning to submit offers soon, review your pre-approval and monthly payment scen...
05/20/2026

⚠️ If you’re actively house hunting or planning to submit offers soon, review your pre-approval and monthly payment scenarios again with your lender.

Even a small rate increase affects:
• Monthly payment
• Buying power
• Cash to close
• Debt-to-income ratios ⚠️

I’m already seeing buyers qualify differently compared to last week’s numbers.

‼️ Realtors, this matters too. Before showing homes at the top of a buyer’s budget, make sure financing has been updated recently.

A quick review today helps avoid surprises during contract time.

💭 Thinking about lowering your mortgage payment without refinancing? A mortgage recast might be an option. What is a mor...
05/18/2026

💭 Thinking about lowering your mortgage payment without refinancing? A mortgage recast might be an option.

What is a mortgage recast?

A recast allows you to apply a large lump sum toward your principal balance and have your lender re-amortize the remaining loan balance based on the existing interest rate and remaining term.

The lender recalculates your payment based on the new lower balance.

What loan types typically qualify for a recast?

✅ Conventional Loans
Most conventional loans backed by Fannie Mae and Freddie Mac allow recasting.

⚠️ Jumbo Loans
Some jumbo investors allow recasts. Guidelines vary by lender.

⚠️ VA Loans
Some lenders offer recasts on VA loans, but many do not.

❌ FHA Loans
Most FHA loans do not allow recasting.

❌ USDA Loans
USDA loans generally do not allow recasting.

Important things to know:

• Most lenders require a minimum lump sum payment
• There is usually a recast fee
• You must be current on your mortgage
• Not every lender or servicer offers recasting
• This is different from refinancing

Recast vs Refinance

Recast:
✔ Keeps your current interest rate
✔ Lower payment
✔ Lower closing costs
✔ Faster process

Refinance:
✔ Changes your interest rate
✔ Creates a new loan
✔ Higher closing costs
✔ Income and credit reviewed again

A recast works best for homeowners who:
• Have a low interest rate they do not want to lose
• Want lower monthly payments
• Recently received a large amount of money
• Do not want to refinance

Before sending a large principal payment, always ask your mortgage servicer:

“Do you offer mortgage recasting and what are your requirements?”

☕️ Let’s talk about the issues that can delay a closing before they become a problem at the appraisal stage. I will be h...
05/14/2026

☕️ Let’s talk about the issues that can delay a closing before they become a problem at the appraisal stage. I will be hosting Coffee & Mortgages for agents who want a better understanding of loan appraisal requirements, financing red flags, and practical property issues that affect closings. Schedule your 1:1 or team meeting from June 1–5.

This session is built for agents who want fewer surprises, smoother transactions, and stronger communication from contract to closing.

🚩 FHA, VA, USDA & Conventional appraisal requirements
🚩 Property condition issues appraisers look for
🚩 Repairs that trigger delays or re-inspections
🚩 Flipped homes, additions, permits & safety concerns
🚩 How contract terms impact financing approval
🚩 Common red flags listing agents miss
🚩 Ways to prepare sellers before going under contract
🚩 How realtors and lenders work together to keep closings on track

Whether you’re newer in the business or experienced, this class helps you identify issues early and prepare listings and buyers with confidence.

Address

6301 Waterford Boulevard
Edmond, OK
73118

Telephone

+14058372900

Website

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