Marihas Muehl - Mortgage Loan Originator - Lifestone Mortgage Corporation

11/22/2022

5 reasons why there will NOT be a housing crash⁣⁣
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1. Stability: Around 90% of US homeowners own their home outright or hold a low fixed-rate mortgage. ⁣⁣
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2. High Demand: Population growth has outpaced new home construction for the last 20 years. There are 5M more millennials in their 30s today compared to 2006.⁣⁣
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3. Supply shortage: There are 20% less homes for sale compared to last year, and 50% less compared to 2007…you read that right, 50% less compared to 2007.⁣⁣
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4. Investors & Wallstreet: It's estimated 1 in 7 homes were purchased by Wallstreet last year and that number is rising.⁣⁣
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5. Minimal foreclosures: the government froze foreclosures during the pandemic & over 80% of mortgages are fixed loans. Home equity is at an all-time high, so most people can simply sell and take the profit instead of defaulting.⁣⁣
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For a crash to occur we need an influx of inventory with little demand... currently it's the opposite.⁣
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Data > Emotion

10/13/2022

Do you know how much you need for a down payment on a house? If you answered no, then you should save this post for later!

It is also important to note that if you have a higher down payment, you can avoid paying mortgage insurance and lower your monthly out-of-pocket expense.

10/05/2022

It's that time of year: time to talk fall home buying! The market is competitive and complicated right now, so let's simplify it for you as much as possible.

What questions do you have about fall home buying? Leave them in the comments or send over a DM to get some help!

09/30/2022

Buying and selling a home comes with an abundance of questions about acquiring a home loan. I'm here to assist you in finding the best loan option for you. We can also discuss how much down payment you may need based on your credit. Drop your questions below, or send a DM.

09/21/2022

A strong credit score determines the type of mortgage and interest rate you qualify for. Here are some simple steps to follow before you start house shopping:
1) Pay all your bills on time
2) Keep current credit cards open
3) Dispute any errors on your credit report
4) Avoid applying for new credit
5) Resolve delinquent accounts

For more advice, please shoot over a PM!

09/14/2022

Ever wondered what makes up your mortgage payment? These four components are most commonly what equals the total monthly payment for your home, however, it is important to discuss with your lender the specifics of your loan. For more in-depth details, shoot over a DM!

09/13/2022

If you're self-employed, there are options on how you can get a home loan. These are some of the documents mortgage lenders require:
*Two plus years of personal tax returns
*Two plus years of business tax returns
*Copy of personal and business bank account statements
*Copy of your business license

Be sure to check with your lender for additional documentation.

09/09/2022

If you're looking to buy a home in the near future, here are a few questions to ask your lender:
1. How much can I afford?
2. Which loan do you suggest for me?
3. How much of a down payment will I need?

09/08/2022

THE 5 THINGS YOU NEED TO GET PRE-APPROVED

In this competitive market, your home search should start in a lender's office, not at an open house.

But if you do find that dream home when you're casually searching, most sellers expect buyers to have pre-approval letters and will be more willing to negotiate if you do. Sometimes, sellers won't even review an offer that doesn't have a pre-approval letter.

Here's what you'll need:

➡️ Proof of income
➡️ Proof of assets
➡️ Good credit
➡️ Verification of employment
➡️ Explanation of any debt
Contact me today for your pre-approval letter!

06/03/2019

Thinking about buying a home? Mortgage rates are at a 16 month low. It’s a great time to purchase or invest in real estate. Contact me today for your pre-approval.

The 30-year fixed-rate average fell below 4 percent for the first time since January 2018.

03/15/2019

If you are buying your first home, considering taking these 7 strategic steps!

By doing your homework before you buy, you’ll feel more content about your new home.

02/22/2019

It’s a great time to start looking for a new home or refinance your current one! Contact me today for a pre-approval.

The 30-year fixed-rate average dropped to 4.35 percent, its lowest level in more than a year.