Saul Ortiz - Mortgage Loan Consultant

12/25/2024

12/06/2024

Would it feel like a Merry Christmas if you found out that REI Oklahoma could help cover the down payment and a portion of your closing costs to purchase a home?

The REI Home100 Program can provide up to 5% of the total loan amount to go towards your down payment, your closing costs, or a combination of both.

Check out our website or email us at [email protected] to find out more about how we can help you become a homeowner today!

11/08/2024

Common Q/A :

Can gift money be used as a down payment on a home? YES! Gift money given by someone, usually a family member, can be use and applied towards a mortgage down payment. To use gift money, you have to follow certain guidelines imposed by the lender and/or government agency insuring the loan, if applicable. They are different restrictions for each of the most common home loan types. You generally won't find dollar amount restrictions, the rules focus on who can give money and what it can go toward. You will also be require to submit a gift letter.

To learn more call 📞 405-706-3068 and schedule an appointment today!

11/06/2024

It's always our honor and pleasure to walk along our homebuyers on one of the most exciting journeys towards homeownership. Thank you for allowing our team to be part of such a memorable moment! 🎉

11/05/2024

It's always our honor and pleasure to serve our homebuyers towards accomplishing a huge Milestone. Thank you for allowing us to be part of such a memorable moment! 🏡✨

11/04/2024

How to Prepare for a Mortgage Refinance

Refinancing your mortgage can be a smart financial move, potentially lowering your interest rate, reducing monthly payments, or shortening your loan term. Proper preparation is key to a smooth refinancing process. Here are some points on how to get ready for a mortgage refinance:

- Check your credit score
- Evaluate your financial goals
- Gather financial documents
- Determine your home's value
- Prepare for the appraisal

By taking these steps, you can streamline the refinancing process and secure the best possible terms for your new mortgage. Refinancing can be a beneficial financial strategy when done correctly, so start preparing today.

Lets get started today!

Call and schedule your appointment today.
📞405-706-3068

11/02/2024

When debating between renting vs. buying, you need to think about your lifestyle and finances. While renting can provide more flexibility, owning a home enables you to build equity in the property. Buying a home is a huge step, especially when you’re moving from renting to owning.

🔑 Homeownership isn't just about having a place to call your own. It brings an array of financial, health and emotional benefits that have a lasting impact. Let's connect to take a closer look at the values homeownership can bring to you.

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10/31/2024

If you have received your Closing Disclosure (CD) Congratulations, 🎉you are almost done with your home buying journey. The Closing Disclosure, are provided at least three full days before closing when you sign the final purchase documents, means that you are at the finish line. On the CD, you will see the Cash to Close listed. What exactly is that number and how is it determined?

Closing Costs include all of the legal costs, appraisal, and other fees that are required to get your home purchase from accepted offer to closing. They can be paid by the buyer, seller, or split between both. These terms will be covered in the purchase offer. Some common fees included are:

Appraisal
Title insurance to protect you in case a third-party comes forward to claim ownership
Application fees, if applicable
Origination fees to cover underwriting costs
Mortgage insurance premiums, if applicable
Funding fees for FHA, USDA, and VA loans, if applicable
Pest inspection fees, if applicable

When all of these fees are totaled, they can result in a significant charge. They will be listed separately on the Closing Disclosure and added to the overall cash to close.

You will probably have already paid an earnest money deposit (EMD) when you first agreed to purchase the home. This amount is usually around $1,000 and is held in escrow while you get to closing. At closing, the EMD goes toward these closing costs.

Most of the required Cash to Close comes from the Down Payment. Depending on the type of loan that you are using, we will discuss the amount needed to bring before closing, as it is part of the underwriting review.

Additional questions? Let us help you. Call or schedule an appointment today.
📞405-706-3068

10/29/2024

It's always our honor and pleasure to serve our homebuyers towards accomplishing a huge Milestone. Thank you for allowing us to be part of such a memorable moment! ✨🏡