Preston Thomas Evans

03/01/2024

🏡✨ **Dreaming of Homeownership? It's Closer Than You Think!** ✨🏡

Are you tired of renting and feeling like you're missing out on the opportunity to own your first home? 🤔 The fear of missing out on homeownership can be overwhelming, especially when you see friends and family taking the leap into homeownership while you continue to write off monthly rent checks. But what if we told you that you may be closer to owning your first home than you think?

Consider this: most first-time home buyers are unaware that their auto payments could be the silent killer keeping them from getting prequalified for a mortgage. 🚗💰 By carrying a high auto loan balance, you could be significantly impacting your debt-to-income ratio, making it more difficult to qualify for a home loan.

But fear not! With some careful planning and strategic financial decisions, you can take control of your finances and get one step closer to the homeownership you've been dreaming of. 💪 Start by evaluating your current auto loan and consider refinancing to lower your monthly payments and potentially free up additional funds for a down payment on a home.

Remember, owning a home is not just about financial security – it's about creating a sense of stability and providing a place for your family to grow and thrive. 🌟 Don't let the fear of missing out hold you back any longer. Take the necessary steps to get prequalified for a mortgage and make your dream of homeownership a reality. You deserve it, and your family will thank you for it! 🙌🔑

02/28/2024

Don’t break the piggy bank!

🏡 Attention First-Time Home Buyers! 🏡

Dreaming of owning your own home but worried about draining your savings? Fear not, because there are some clever ways to make your dream a reality!

One option is to explore government-backed loan programs like FHA or USDA loans, offering lower down payment requirements compared to conventional loans. With an FHA loan, you could secure your dream home with as little as 3.5% down! And guess what? USDA loans might even waive the down payment entirely if you're buying in a rural area.

Another savvy move? Negotiate with the seller to cover some or all of the closing costs. It's a win-win – they close the deal faster, you save money! With the right real estate agent by your side, this negotiation can be a breeze.

Plus, don't overlook down payment assistance programs from state, local agencies, non-profits, or even your employer. These programs offer grants, loans, or other aid to help with your down payment and closing costs.

By exploring these options and getting creative with financing, you could minimize out-of-pocket expenses and maybe even walk away with money at closing! With a bit of ingenuity and support, owning a home with minimal down payment is within reach. Best of luck on your home buying journey! 🌟

02/28/2024

🏡 Attention First-Time Home Buyers! 🏡

Dreaming of owning your own home but worried about draining your savings? Fear not, because there are some clever ways to make your dream a reality!

One option is to explore government-backed loan programs like FHA or USDA loans, offering lower down payment requirements compared to conventional loans. With an FHA loan, you could secure your dream home with as little as 3.5% down! And guess what? USDA loans might even waive the down payment entirely if you're buying in a rural area.

Another savvy move? Negotiate with the seller to cover some or all of the closing costs. It's a win-win – they close the deal faster, you save money! With the right real estate agent by your side, this negotiation can be a breeze.

Plus, don't overlook down payment assistance programs from state, local agencies, non-profits, or even your employer. These programs offer grants, loans, or other aid to help with your down payment and closing costs.

By exploring these options and getting creative with financing, you could minimize out-of-pocket expenses and maybe even walk away with money at closing! With a bit of ingenuity and support, owning a home with minimal down payment is within reach. Best of luck on your home buying journey! 🌟

02/27/2024

Are you or someone you know looking to buy their first home?

🏡 Are you feeling overwhelmed by the sheer amount of information out there about mortgage programs and first time homebuyer programs? 🤯

Don't worry, you're not alone! It can be confusing and intimidating trying to navigate your way through all the options available. But fear not, because I'm here to help break it down for you in a way that's easy to understand and tailored to your specific needs. 💪

One of the biggest myths about mortgage programs is the idea that there's a "one size fits all" solution. Many first time home buyers fall into the trap of thinking that there's only one type of mortgage program available to them, but that couldn't be further from the truth.

In reality, there are a variety of different mortgage programs out there, each with its own unique set of features and benefits. It's all about finding the right fit for your individual circumstances. 🤔

For example, there are government-backed programs like FHA loans, VA loans, and USDA loans that offer low down payment options and are designed to help first time home buyers get into the market with more flexibility.

There are also conventional loans, jumbo loans, and even special programs for specific groups like teachers, firefighters, and healthcare workers. The key is to explore all of your options and find the program that aligns with your goals and financial situation. 📊

In addition to exploring different types of mortgage programs, first time home buyers should also look into first time homebuyer programs that offer down payment assistance, closing cost assistance, and other financial incentives. These programs can be a game-changer for those who may be struggling to save up for a traditional down payment and are looking for a little extra help. 💰

I encourage you to take the time to thoroughly research and understand the available mortgage programs and first time homebuyer programs.

Don't be afraid to ask questions and seek guidance from professionals in the industry. The more you know, the better equipped you'll be to make informed decisions that set you up for success as a first time home buyer. 📚

Remember, there is no "one size fits all" mortgage program. Each person's financial situation and homeownership goals are unique, and it's important to find a program that meets your specific needs. By taking the time to explore your options and learn about the different programs available, you can make the homebuying process less overwhelming and more empowering. Best of luck on your homebuying journey! 🌟

02/26/2024

🏡 Are you tired of throwing away money on rent every month and ready to take the leap into homeownership? 🏡

One of the first steps you need to take is to get your finances in order. Buying a home is a major financial decision, and it's crucial to have your ducks in a row before diving in.

In this post, we'll cover the essential steps to get your finances in order so you can make your dream of homeownership a reality. 💪💰

📊 First, start by taking a hard look at your budget and expenses. Create a detailed budget that outlines your monthly income and all of your expenses. This will help you see where your money is going and where you can cut back to save for a down payment and ongoing homeownership costs.

💳 Next, tackle any outstanding debt. High levels of debt can hinder your ability to qualify for a mortgage, so pay down as much debt as possible before applying for a home loan. Tighten your budget and put any extra money towards paying down debt.

💰 Once you have a handle on your budget and debt, start saving for a down payment. Aim to save at least 20% of the purchase price, but if that's not feasible, there are options for lower down payments, such as FHA loans and first time homebuyer programs to help with the down payment.

💼 In addition to saving for a down payment, have an emergency fund in place. Owning a home comes with unexpected expenses, so having a financial cushion is crucial.

💳 Finally, work on improving your credit score. Lenders use your credit score to determine your eligibility for a mortgage and the interest rate you'll receive. Pay bills on time, keep credit card balances low, and avoid opening new lines of credit to improve your credit score.

🔑 In conclusion, getting your finances in order is a critical step in the home buying process. By creating a budget, paying down debt, saving for a down payment, building an emergency fund, and improving your credit score, you'll be better positioned to secure a mortgage and become a homeowner. It may take time and discipline, but the rewards of owning a home and building equity make it all worth it. Good luck on your journey to homeownership! 🏡

01/15/2024

"C.H.A.N.G.E Your Future: Essential Tips for Expecting Families Buying Their First Home"

Change is inevitable in life.

Whether we want it or not it’s coming.

In my head at the moment are the lyrics to “Changes” by Tupac.

Currently the Change in my family's life, we welcomed into the world our Twins! Princeton Peace Evans and Austynn Marie-Renee Evans. We are now more than outnumbered going from 2 kids to 4.

I remember when we were still living in an apartment and had our first kid.

This was a jolt to the system as well as it coming during COVID so we figured out real quick that we needed more room. We then bought our first home!

Even though I was in the mortgage industry for a little bit of time when we did that it was nerve wracking and scary.

It’s very understandable to have those feelings.

So whether you are looking now or sometime in the future I created a little acronym for when that change comes knocking at your rental.

C.H.A.N.G.E

C - Credit
Having good credit is essential when purchasing a home. Lenders look at your credit score to determine if you are a responsible borrower. It's important to maintain a good credit score in order to qualify for a mortgage with a favorable interest rate.

H - Housing market
Understanding the current housing market is crucial for first-time homebuyers. Knowing when to buy and what areas are up-and-coming can greatly impact the value of your home. Keeping an eye on housing trends and property values will help you make an informed decision when purchasing your first home.

A - Affordability
Being realistic about what you can afford is key. Consider your current financial situation, including your income and expenses. Utilize tools like mortgage calculators to help you determine what you can comfortably afford as a monthly mortgage payment. It's important to not overextend yourself financially when purchasing your first home.

N - Negotiation
When it comes to buying a home, negotiation skills are crucial. As a first-time homebuyer, you want to make sure you are getting the best deal possible. Working with a real estate agent who is skilled in negotiations can help you secure a better price for your first home.

G - Guidance
Seeking guidance from professionals in the real estate industry can provide valuable insight and advice. Working with a mortgage professional, real estate agent, and home inspector can help you navigate the homebuying process with confidence. Their expertise and guidance can ensure that you make informed decisions when purchasing your first home.

E - Education
Educating yourself about the homebuying process is paramount. Researching mortgage options, understanding the closing process, and knowing the steps involved in buying a home will empower you as a first-time homebuyer. The more you educate yourself, the more equipped you will be to make informed decisions about purchasing your first home.

I hope this gives you a little insight on some of the ins and outs of purchasing your first home.

"🔍 Curious about the secrets to a smooth mortgage process? I'm putting together a 3-day prequal prep challenge! Want to be among the first to know the details? Comment 'Prequal' or send me a DM. Let's pave the way to your dream home together! 🏡💫 Get ready for a transformational journey! 🏡💼 "

01/13/2024

Unlocking Financial Freedom: How to Use Your Home Equity to Pay Off Debt Early

If you're looking to make a dent in your debt and pay off your mortgage early, using the equity in your home could be a smart financial move. By tapping into the equity, homeowners can use the funds to pay off high-interest debts such as credit cards, personal loans, or student loans.

Here's how it works: First, homeowners need to determine how much equity they have in their home. This can be calculated by subtracting the remaining balance on the mortgage from the current market value of the home. Once the equity is established, homeowners can consider options such as a cash-out refinance or a home equity loan.

A cash-out refinance allows homeowners to replace their current mortgage with a new one for a higher amount, and then receive the difference in cash. On the other hand, a home equity loan allows homeowners to borrow a lump sum of money using their home as collateral. Both options come with their own set of pros and cons, so it's important for homeowners to weigh their options and consider their financial goals.

Using the equity in your home to get debt free and pay off your home early can be a powerful financial strategy, but it's essential to carefully consider the risks and benefits. As always, it's advisable to seek advice from a financial professional before making any significant financial decisions

Have you been searching for a solution to pay off your mortgage and debt faster? Join our webinar "Discover the Top Mortgage Payoff Strategies Homeowners Are Using to Secure Their Financial Future" and learn how to maximize your home equity to achieve financial freedom sooner. Send me a direct message to secure your spot and take control of your financial future.

10/25/2022

It’s something we need to talk about more. Living in financial bo***ge is not something I’ll be normalizing. Start talking about the value of money with your kids when they’re young! Make it fun!

10/17/2022

Something I wish I was thinking about as a First Time Homebuyer. It’s all about the Passive Income!

10/12/2022

We kinda like each other… 😉 It's great working towards a common goal together. For those of you who don't know- my wife is my Business Development Coordinator and does a fabulous job kicking me in the butt when i need it! ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀
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09/28/2022

Here are some of the “hidden costs” of homeownership. Renting Vs Buying

09/14/2022

When going through the loan process, there are going to be many things that can cause you to lose focus. We are here to make sure you are fully educated during this process- so make sure you are asking questions so we can take care of all the “unknowns” or “concerns” that might pop up along the way! ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀

What concerns have you encountered while buying a home? ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Are you looking to buy a home, refinance, or consolidate your debt? My team and I would love to work with you! Give me a call or fill out my online app to get started! 605-681-2422 ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀

https://prestonatplains.floify.com/apply-now