https://www.facebook.com/103321171129257/

Francisco M Orozco Mortgage

Home
United States
Ontario, CA
Francisco M Orozco Mortgage

Get Approved at The Loan Bar

02/28/2023

The answer is D. All of the above! ✅

If you’re shopping around for a mortgage, you might be wondering what factors determine your interest rate. The answer is actually four factors: home location, downpayment, credit score, and how much equity you have in your home.

If you have any questions, please feel free to reach out to me.

02/27/2023

If you want to get involved in real estate investments, start by looking at rental properties.

Why? Well, emerging neighborhoods offer growth potential and sometimes tax incentives for buyers. That means you can get your hands on a property that will pay off big time—and also make sure that your income covers your costs.

If nothing else, it’s a great way to test the waters of real estate investing without risking too much of your own money!

02/24/2023

True or false: Your mortgage can be cheaper than your rent.

If you’re like most people, this statement might make you do a double-take. But it’s true! If you’re planning to buy a home, it’s important to know that in many cases, the cost of owning will be less than the cost of renting—especially if you’re looking at buying in a major metro area.

Here’s why: The average American spends $1,500 monthly on rent and utilities. In comparison, U.S. homeowners spend an average of $700 per month on their mortgage payment plus taxes and insurance—that’s almost half the cost of renting!

02/23/2023

It’s actually pretty simple: take the cost of your potential monthly mortgage payment, add up all your bills and other expenses, and then subtract that number from your monthly income.

It’s recommended to shoot for no more than 25% of your income for housing payments and 50% including total bills; and if you find something for less than that, it might be time to buy!

02/22/2023

You can wish for your dream home—and maybe it will happen. ✅

But on the other hand, there’s this whole planning that has to happen first: getting pre-approved for a mortgage, figuring out whether your credit score is high enough for the loan, looking at homes, and narrowing down what you’d like to buy, and on and on.

It’s not that easy to just wish your way into a new home. There’s work involved! That’s why it’s best to plan for your future.

02/21/2023

I understand that this can be a stressful process, so I am here to help you every step of the way. Here are some tips on applying for a home loan. 🏡

Start the process early - give yourself plenty of time to gather all of the documents you need and to compare different lenders.

Check your credit score - your credit score will play a major role in determining whether you are approved for a loan and the interest rate you are offered.

Get pre-approved - getting pre-approved for a loan will give you an idea of the amount you can borrow and what your monthly payments will be.

Ask questions - Don't be afraid to ask questions. A lender should be willing to answer any questions you may have about the loan process.

02/20/2023

Happy President’s Day! Let’s take a moment to reflect on the wise words of Abraham Lincoln: Leave nothing for tomorrow which can be done today. 🏛️

Here’s to making the most out of every day!

02/17/2023

Home Equity Line of Credit (HELOC) is a great way to tap into the equity of your home and gain access to funds for big expenses. 🏡💳️

Here are 4 key points to consider:
1. A HELOC can provide you with greater financial flexibility, giving you access to necessary funds when needed.

2. Your HELOC is secured by the equity in your home, so you can usually borrow at lower interest rates than other forms of credit.

3. Unlike a traditional loan, with a HELOC you only pay on the amount that you draw from the line – not on the entire credit limit.

4. With a HELOC, you could also typically use the funds to make home improvements, consolidate debt, or cover other large expenses.

At the end of the day, a HELOC can provide financial flexibility that may not be possible with other forms of credit. Do your research and talk to an expert to figure out if a line of credit is the right option for you. Happy learning!

02/16/2023

Calculating your debt-to-income ratio is a great way to get an understanding of your financial health. The formula for calculating this ratio is simple:

➕➖✖️➗

Divide your total monthly debts (including mortgage, credit cards, student loans and other loan payments) by your gross monthly income.

For example, if you have $2,000 in total monthly debt payments and a gross monthly income of $6,000, your debt-to-income ratio is 33%. This means that one-third of your total income goes towards paying off debts every month.
Understanding your debt-to-income ratio can help you make smart financial decisions as it provides insight into how much money you have available each month after paying off your debts. Lenders use this ratio to determine your ability to get approved for loans or lines of credit.

Take control and calculate your debt-to-income ratio today!

02/15/2023

If you don’t get pre-approved before putting in an offer—which is kind of like letting go of the string on that balloon—then what happens? 🎈

You end up with a bunch of regrets and no home!

Get pre-approved today so you can start looking for your dream home without having to worry about losing it!

02/14/2023

Happy Valentine's Day to you from your favorite mortgage lender! ❤️

I hope you have a wonderful day filled with love and joy. I am grateful for the chance to work with you and thank you for allowing us to help you with your mortgage needs.

02/13/2023

Real estate investing tip of the day: don’t limit yourself to one state or city. 🏘️

You might think that you’d be limiting your profitability potential by only considering a small geographic area, but I believe that you’re missing out on better opportunities by only looking in your own backyard.

By looking at properties across the country and even internationally, you can increase the likelihood that no matter what happens with one property or another, your portfolio will have more balance because it’s diversified across multiple locations and asset types.

Address

1520 N Mountain Avenue, Ste 106
Ontario, CA
91762

Telephone

+19095275171

Website

facebook.com

Alerts

Be the first to know and let us send you an email when Francisco M Orozco Mortgage posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Want your business to be the top-listed Finance Company in Ontario?