Joshua Martin, Loan Officer- Universal Mortgage LLC

04/28/2025

🌳 Community Vibes: Find a place where neighbors become friends and local events turn into cherished traditions.

Contact me today if you are looking to buy or refinance!

02/12/2025

01/01/2025

Wishing you a year filled with joy, love, and endless possibilities! 🎉

12/31/2024

Will mortgage rates come down? Will home prices fall? Will there be more homes for sale? What to expect in 2025. Reach out to learn more.

11/11/2024

This Veterans Day, I thank my brother and all of those who have served so that we can all enjoy our freedom.

09/11/2024

September 11th – A date that echoes resilience and unity. Though marked by immense tragedy, it brought out the best of humanity, reminding us that in the face of adversity, we rise. We remember the heroes, the lost, and the survivors. Let’s honor them by embodying the spirit of unity they demonstrated – now, and always. 🇺🇸.





#911

08/28/2024

Are you a first-time homebuyer looking to get approved for a higher loan amount you can actually afford?

Here’s a tip 👇

It’s all about reducing debt and/or boosting your income (plus having a good credit score, of course).

Cutting your monthly debt by $350 can boost your buying power by $50,000 and increase your loan approval amount.

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08/15/2024

Thinking about buying a home but not sure how much you can afford on a $100K/year salary?
Let’s break it down 👇

1️⃣ Calculate your monthly income: $100,000/12 = $8,333

2️⃣ Budget for housing: $8,333 x .45 = $3,750

3️⃣ Subtract your monthly debts (like student loans & car payments): $3,750 – $800 = $2,950

4️⃣ Use mortgage calculator to determine Purchase Price using variables:

Click Here --> https://www.universalmortgage.com/joshua/mortgage-information/calculators -much-can-i-afford

Down Payment: $40,000
Interest Rate: 7.125%
Property Taxes: 1.6%
Estimated Purchase Price: $370,000

With a down payment of $40,000 and considering current rates and taxes, you could be looking at homes around the $370,000 mark.
But remember, it’s wise to spend no more than 28% of your income on your mortgage, which would adjust your target to about $325K.

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08/12/2024

Hey homebuyers! What would get you off of the sidelines?

1. Interest rates to fall 2-3%?

2. Finding a house that checks all the boxes

3. Lower Home Prices

4. Nothing! Because the market is just too wild right now

Let’s talk about it and see if I can help you figure this out!
Comment “GUIDE” and I’ll send you an invite to a FREE Zoom consultation where you’ll learn how to navigate the current market challenges and discover how to avoid costly mistakes!

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–> Follow for your daily mortgage tips!

08/11/2024

Which of the following concerns are holding back your homeownership ambitions?

(a) I am Worried about the fluctuating economy? –> Well, Historically, real estate has been a stable investment, even during downturns.

(b) I am Concerned about higher mortgage rates? –> Current mortgage rates are around 6-7%, whereas the historical average is about 8%. In the early 80’s it was well over 18%

(c) I am Afraid of inflation reducing my purchasing power? –> Real estate often appreciates over time, potentially outpacing inflation and protecting your investment.

(d) I am Anxious about job security –> Have you Considered properties with rental income potential to offset your mortgage costs?

Thinking about buying a home soon? Smart planning starts now. Comment “GUIDE” and I’ll send you an invite to a FREE Zoom consultation where you’ll learn how to navigate the current market challenges and discover how to avoid costly mistakes!

❤️ Like this post and 💾 save for future reference. Share with anyone you know who might benefit from this info.

Follow → for your daily mortgage tips!