Erick Lopez, Loan Officer

06/03/2025

Congratulations to my clients on the purchase of their new home🥳🥳! Thank you for trusting in me to help you through this journey! This was a contingent deal and .az had it locked down the whole time🙌 More on that in a later post!

Felicidades a mis clientes por la compra de su nuevo hogar!🥳 ¡Gracias por confiar en mí y acompañarlos en este camino!🙏

11/04/2024

🙏

Congratulations to Erick Lopez on his Clear to Close being 10 Days Early from the close of escrow. Congratulations Erick....

If you are looking for a consultation with one of our Mortgage Experts give us a call or DM us or apply

www.LoansDirectFunding.com

08/26/2024

Vives en Phoenix Arizona y aún estas rentando casa?

¡NO RENTES MÁS!

Llámame y comencemos con el proceso para el préstamo de TU NUEVA CASA.

02/15/2024

Are you currently a renter wondering if you'll ever be able to buy a home? You may be closer to that dream home than you think! Call today and let's see what I can do for you!

Apply Now! https://2544756.my1003app.com/2523255/register

02/14/2024

First time heading to Michigan to attend a Success Track with UWM! It was awesome to meet so many like-minded individuals in the industry and walked away with a lot of knowledge. Thank you UWM🙏

02/13/2024

Vacation got you thinking about relocating somewhere warmer? Don’t wait until you get home to make your dreams a reality. Apply for a mortgage while your feet are still in the sand.

02/02/2024

Happy Groundhog Day! Are you hoping for an extended winter or are you ready for the spring time?!

02/01/2024

Buying a home for the first time? Exciting, isn't it? But let's ensure that excitement isn't clouded by rookie mistakes. Check out this list of a few common missteps that can easily be avoided! As always, feel free to connect with me about any questions you have. Let's get you into your dream home!

01/31/2024

Today’s post is all about LTV! While Loan-To-Value (LTV) has many layers, the purpose of this slideshow is to give you a basic understanding of what LTV is and how it affects you.
To sum it up:
⭐️ LTV is expressed as a percentage and is the dollar amount of your loan against the appraised value of your subject property.
For example, a mortgage loan of $285,000 for a $300,000 property would be at 95% LTV.
⭐️ Lenders use LTV as a guide to gauge the risk of a loan, as well as to determine if they will require Private Mortgage Insurance.
*Conditions affected by LTV differs between loan programs. Feel free to comment any question you may have, I am always here to help!

01/31/2024

Happy Friday‼️‼️
Today’s post is about Debt-To-Income (DTI) and how it affects you when applying for a mortgage loan!
-DTI is a fairly simple concept. It is simply your monthly debt divided by your gross monthly income. An example of the debts that are taken into consideration when calculating DTI are, but not limited to:
💳 Car payments
💳 Credit Card payments
💳 Student loans
💳 Child Support
💳 Existing mortgage payments
So why do lenders take DTI into consideration when you apply for a loan? It is for the good of the consumer! DTI helps a lender assess if you will be able to comfortably make your mortgage payments each month without accumulating more debt.
If you have any questions please feel free to ask!
*Please note this is not financial advice. It is merely information to give a better understanding of the terminology you will see when encountering a loan.