Better Call Samarel

04/21/2022

To all of my Realtor partners out there. Bridge financing is a fantastic addition to your lineup of loan offerings because of the advantage your clients will get to experience in having their offer on a property accepted. Equipping your borrowers with access to the equity in their current homes will allow them to make stronger offers on a coveted new home, putting them in a better position than those waiting to sell their current homes first. Being able to make a winning offer and enjoying no monthly payments on the bridge loan is sure to bring more clients to your business.

How is a Bridge Loan used?

Let’s break it down. A bridge loan is a short-term loan that can be used in conjunction with the loan on a new purchase property. Through this program, the borrower can access the equity in their existing home by getting cash out to use as down payment on the new home. The bridge loan also pays off the existing mortgage.

The existing property gets listed for sale and the bridge loan gets paid off when the home gets sold. The bridge loan is a short-term one-year loan, with no monthly payments, and no prepayment penalties.* Because there are not payments, the DTI is not calculated in the existing property’s loan.

Your borrower can now make an offer on their new home by using the cash-out proceeds from the bridge loan as a down payment. A wide variety of loan programs are also available to choose from. For example, income from self-employed borrowers can be calculated using bank statements.

Why should I consider a bridge loan for my borrowers?

Bridge Loan can be a perfect solution for a borrower seeking to purchase properties between $150,000.00 and $1.5million, but whose cash is tied up in another property. By working with Tried & True Home Loans, you’ll receive guidance working through the details of each step in the process. Bridge Loans empower your borrowers to move fast on a desired property without having to first sell off another asset. It’s an effective way to stand out and be successful in a highly competitive purchase market.

04/18/2022

On a traditional 30-year mortgage, you'll spend the first 11-15 years paying more in interest than reducing principal balance. That's just the way amortization schedules work.

The All In One Loan has no amortization schedule. Which means interest is calculated differently than traditional mortgages. The principal amount is reduced with 100% of every deposit, before mortgage interest is calculated, so you save on mortgage interest costs! Structurally speaking, rate matters least.

DM me or reach out for more info.

Darren Samarel
Tried & True Home Loans
NMLS #2173875
Cell: 619-384-7605

03/22/2022

Imagine paying off your mortgage in 8-10 years without changing anything that you do today! This product is AMAZING and everyone needs to know about it. Follow the QR code below to watch the video and reach out to me if you have any questions.

Darren Samarel
Tried & True Home Loans
Cell: 619-384-7605
NMLS #2173875

03/07/2022

Love your home but not your monthly payment? With Flex term, you can refinance without resetting the clock, potentially save you thousands of dollars in interest without changing your payoff date. Call today to learn more.

Darren Samarel
Tried & True Home Loans
Cell 619-384-7605
NMLS 2173875

01/12/2022

Many of my clients think they have to put 20% down in order to buy there dream home. Watch the video below for our 3% down options and reach out to me with any questions. NMLS #2173875

01/06/2022

Are you an Agent? Join me on the Raven network!

✅ Verified Realtors
✅ Secure More Listings
✅ Convert More Buyers
✅ Close More Deals

Raven is a professional network of verified Realtors™ and Loan Officers. We leverage network effects coupled with actionable insights that improve conversions to close more deals.

01/05/2022

To all my Realtors out there. Doesn't it seen like these days every property in CA is a JUMBO? Call me to see what we can do for your clients.

01/03/2022

New FHA loan limits just announced.

$420,680 for regular one-unit FHA loans (increased from $346,362 in 2021)
$970,800 for one-unit FHA Jumbo loans (increased from $822,375 in 2021)
$1,456,200 for one-unit FHA loans in Alaska and Hawaii (increased from $1,233,550 in 2021)

Call me with any questions or more info.

Darren Samarel
Nexa Mortgage
Cell: 619-384-7605
NMLS #2173875

12/30/2021

You may be able to own a home of your own for no more than you've been paying in rent. Taxes and insurance will vary by
area, yet this guide is a good start.

Reach out, and I'll be happy to calculate how much home your rental payment could be worth.

Darren Samarel
NMLS: #2173875
Mortgage Loan Originator | Nexa Mortgage
BetterCallSamarel.Com - Mortgages Done Right

12/07/2021

Understanding your credit report is a key factor in obtaining a mortgage and buying your dream home. Here is a breakdown of the main items that go into the makeup of your credit report & score.