Agostino Vitiello,NMLS 713784

07/29/2024

Currently Renting? Feeling the squeeze?

With the cost of rent multiplying and not coming down anytime soon, you can likely still buy a home even at today's rates with a payment lower or the same as your'e paying in rent. When you rent, you are paying 110% interest, and 0% principle. DM me to see if you could save money by buying a home and stop renting.

07/26/2024

Changes are on the horizon! Rates are on the way down. There is a lot of valuable information for any current or prospective homeowner. If that is you, take a look at what your future looks like and make sure you are prepared.

If you have any questions regarding the market, and how it might affect you, please give me a call or a text to discuss.

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06/28/2024

Exciting news! First Community Mortgage was just announced as the 2nd lender in the country to be approved for the #1 Doctor Loan Program in the country, in the last 2 years! ( select few 😉). Pretty soon you might need to be a doctor to buy a house. 🤣

Make sure to tell anyone you know in Med School or Residency/ Fellowship.

06/26/2024

***Contingent Offer- when purchasing a new home, it often times means that you need to sell your home before you can qualify to close on the new one. Therefore, the seller risks how long it may take you to sell in order to sell their home.***

Do you need to be non-contingent to buy a house today?

Not necessarily! There are is always a scenario where you wouldn’t have to be, but does that scenario allow you to get the house you want, OR the home someone is willing to sell to you, and wait while risking your contingency.

With the cost of EVERYTHING being much higher these days it is becoming increasingly harder for many to save to accomplish the American 🇺🇸 Dream . And once the cost of rent catches up to the cost of financing it will get worse, But don’t worry, you can still buy a new house, and have it be the one you want?

Depending on your scenario ( qualifying income and assets) you could use one of the scenarios below and avoid this issue.

HELOC- this allows you to take money out of your current home, for very little cost, interest only payments, and you can turn around and pay it off when you sell, you might make 1-3 payments. ( have to qualify for the current mortgage + HELOC + New Mortgage).

Bridge Loan- get a loan for 65%-80% of the value of your home, pay off existing liens, and use the rest for your new down payment. Without carrying the debt of your old home. This is the easiest route to go.

IBuyers- Calque & Open Door- These companies will give you a cash offer on your home so you can shop with no contingency. If you don’t end up selling your home in timethey will pay cash on your old house for you to close and have your money for the new one, also while not paying them for 6 mos.

Gift?- hopefully someone one loves you enough to help you buy a home. You can use their money to buy a new home and square up with them after you sell. 😉 ( assuming you qualify to afford both mortgages at the same time.)

Whichever option you choose, just make sure it’s paired with a Green Light Approval from yours truly so we can offer additional incentives for the seller to choose you.

06/10/2024

***True story***
This is one of the worst things I have heard from a competitor in my career. I got a text from a client that was referred to me Sunday morning. I took the call and had a good conversation with the new prospective buyer. The mentioned they were already approved by another lender, but they wanted to see what options they had. They were told that their current lender was matching their down payment. Hmmmm…🤔 that’s the first I have ever heard of that, please tell me more. It turns out it, is just a down payment assistance loan and the other lender is making it seem like the bank is matching their down payment. That is a silent second mortgage due when you sell or if you want to refinance. It is not a gift or a grant from the bank. Don’t work with someone who will give you bad advice just so they get a commission check. Work with someone you know, like, and trust. Or at least know and trust! 😉

10/31/2023

Another happy client that we got to save the day for. Rates are high, houses are expensive, but we still need a place to live, and buying still usually makes more sense than renting! Make sure to refer your friends and family to someone you trust to get the job done.

06/05/2023

Thanks for the Kind words David! Happy that I could help you accomplish your goals and I look forward to working with you in the future. 2 cases of Miller Light and some Soft Parade are waiting for you when you move in!

04/21/2023

Every client, every time, no excuses! One of the ISMS I took from QL and live by every day! Let me help you or anyone you refer to me and make sure they get the white glove treatment!