Dustin Passalacqua - Producing Branch Manager

Dustin Passalacqua - Producing Branch Manager We help Individuals borrow smart with real estate Licensed in KY, Oh, TN NMLS #1782896

Dustin Passalacqua I NMLS # 1782896 I Branch Manager
The Integrity Team #1850 I Equal Housing Opportunity

09/02/2025

The Self‑Employed Mortgage Hack You Need to Know

Self‑employed professionals often struggle with mortgage approval because lenders rely on W‑2s.

With at least a year of consistent income on your bank statements, you can qualify. Bank‑statement loans average your last 12 or 24 months of deposits.

Maintain a strong credit score, build reserves for a down payment, and partner with a lender experienced in working with self-employed borrowers.

11/04/2024

What the data tells us about the housing market during elections 🏡📈📊

✔️1/3rd of homes takes a price reduction every year.
- 39.37% have taken a price reduction this year

✔️Seasonal drop in home sales October-November
- Non-election - 9.8% Election years - 15%

✔️23% of new buyers are waiting for election to pass
before purchasing

✔️Home sales went up 9 out 11 last elections

✔️Existing home prices went up 7 of 8 past elections

✔️New home prices went up after 10 of 11 past
elections

What are your predictions for housing in 2025❓


10/30/2024

🚫💸 In your 20s and aiming for financial freedom? Here’s why you should skip financing a new car:

**Save on Interest**: Avoid paying thousands in interest by buying in either cash.
**Skip Depreciation**: New cars lose value fast; a used car holds up better.
**Invest Instead**: Use what would’ve been car payments to invest in assets like a home or a retirement account.
**Buy Smart**: Reliable cars are available in the $5k-$8k range—no down payment or monthly cost!

📈 Focus on building wealth, not just flashy wheels!

10/29/2024

Ready to bust a popular myth about mortgages? 🏠💡

A 30-year mortgage isn’t always the best choice! While it’s a popular option, a 15-year mortgage could save you thousands in interest, depending on your finances and goals. 📉

However, a 15-year mortgage could also place you in a tight financial position, resulting in additional risk

The question to be asked before obtaining your mortgage is "What is my risk tolerance in the event my monthly cash flow decreases?"

Would you consider a shorter mortgage term knowing this? Drop your thoughts in the comments!

10/23/2024

💸🏡 **Tired of high rent? Ready to move? Here are the 10 CHEAPEST cities to own a home!** (According to Zillow, don’t shoot the messenger )

👇 Let’s break it down from highest to lowest:

🔟 **Baltimore, MD** — Go Ravens! 🟣⚫
9️⃣ **Kansas City, MO** — Swifties, assemble! 🏈🎤
8️⃣ **Birmingham, AL** — Greatest college football team ever… Debate me? 🏆🏈
7️⃣ **San Antonio, TX** — Vibes for days! 🌮🤠
6️⃣ **Pittsburgh, PA** — Steel city pride 💪🏙️

Now the Top 5… 🔥

5️⃣ **Austin, TX** — Tech boom = housing boom 📈💻
4️⃣ **Indianapolis, IN** — Just a hop from Chicago, so I’m cool with it! ✌️🏙️
3️⃣ **Minneapolis, MN** — You betcha! ❄️🏡
2️⃣ **Detroit, MI** — A comeback story! 🚗🏙️
1️⃣ **St. Louis, MO** — Top of the list, baby! 🏆🏡

🔑 **Be real… Would you live in any of these?** 👇

10/21/2024

After analyzing the finances of over 5,000 individuals, I’ve identified a significant misconception that can hinder financial growth for many: the belief that carrying a credit card balance improves your credit score. This is a myth! ❌ In reality, it can negatively impact your score due to accumulating interest over time.

Here are 3 key strategies to help maintain a strong credit score:

1️⃣ Pay Off Your Balance in Full: Encourage clients to pay their credit card statements in full each month to avoid unnecessary interest charges. 💸

2️⃣ Maintain Low Utilization: Advise that credit usage should ideally be kept to 30% of available credit. For instance, if the limit is $1,000, clients should aim to keep their balance under $300. 📊

3️⃣ Regularly Check Credit Reports: Stress the importance of reviewing credit reports for accuracy. Recommend using Experian, Equifax, and TransUnion for reliable insights, rather than relying on platforms like Credit Karma. ✅

10/18/2024

Consider these top 5 cities where you can purchase a home on a salary under $100,000.

These locations offer affordability without sacrificing quality of life, making them ideal for those looking to balance financial goals with personal fulfillment.

1. **Buffalo, NY**: Average home price is $285K, with an income requirement of $79K/year.
2. **Birmingham, AL**: Homes are priced at an average of $297K, requiring an income of $75K/year.
3. **Cleveland, OH**: With an average home price of $255K, an income of $71K/year is needed.
4. **Detroit, MI**: Homes average $250K, and the required income is around $69K/year.
5. **Pittsburgh, PA**: Surprisingly affordable, with home prices averaging $250K (and some as low as $180-200K), requiring an income of $67K/year.

For those who are familiar with or currently live in these areas, do you find these cities offer a great balance of affordability and livability? I’d love to hear your thoughts and experiences in the comments.

10/12/2024

📈🏡 Looking to buy a home? Here are two key numbers you should boost to ensure the home loan! 📊✨

1️⃣ **Credit Score**: Aim to pay bills before the due date and keep your credit utilization under 30%. If your limit is $1,000, use no more than $300. This shows lenders you're reliable with credit. 💳✅

2️⃣ **Debt-to-Income Ratio**: Lenders use this to see if you can handle more debt. Lower your ratio by increasing monthly debt payments to clear them faster. 💪💵

Tackle these numbers for a stronger financial profile! 🏠💪

Inventory is created by sellers and not buildersHomes are on average $400 a month less expensive compared to 2023Sellers...
10/11/2024

Inventory is created by sellers and not builders

Homes are on average $400 a month less expensive compared to 2023

Sellers have been in an affordability lockdown.

This shift will incentivize sellers to list their homes, which will create inventory.

We have a long way to go, but the market is slowly beginning to normalize.

10/09/2024

🏦🚫 Thinking of where to stash your cash? 🤔 Here’s why you might want to steer clear of these 3 banks if you're serious about growing your savings! 💸

1️⃣ **Chase**: Lured in by big promises? Their savings account offers a mere 0.01%! Save $1,000 and earn just $0.10 in a year. 😳

2️⃣ **Bank of America**: Different tiers, but with a max yield of only 0.04%. Even with $100,000, you earn just $4.00! 💰

3️⃣ **Wells Fargo**: Their "highest" tier gives a 2.5% yield, which still falls short compared to American Express or SoFi’s 4.35-4.60%. 📉

Want to know the top 3 banks for your savings? Comment "best 3" and I'll spill the beans! 🏦✨

Address

24693 Lorain Road
North Olmsted, OH
44017

Telephone

+14407815691

Website

https://www.apmortgage.com/, http://www.nmlsconsumeraccess.org/, https://popl.co

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