Mortgage Solutions of St. Louis, LLC - Jimmy Dunn, loan officer

04/08/2024

WHO WANTS TO BE OUR NEIGHBOR?

https://www.realtor.com/realestateandhomes-detail/10-Hawthorne-Ct_Kirkwood_MO_63122_M76752-48183

• Incredibly well-built and maintained home on a private cul-de-sac off Lockwood in Oakland.
• Originally built in 1937, the current owners have updated most everything, kitchen, roof, laundry room, electrical, gutters, etc, etc.
• 4 beds + 2.5 baths, including beautiful master suite with luxury bath and walkout to rooftop deck above a really nice sunroom, plus an outside deck overlooking the 1/3 acre private backyard.
• Kirkwood School District / MQP & St. Peter Parishes.
• Great neighbors with several young kids on the street.

Rumor has it the margaritas & guacamole are second to none on Friday evenings at the backyard neighbors’ place … plus … frequent invitations to their ‘private golf club’ on Saturdays!

Call me to get a LOAN COMMITMENT today, as this has private showings and will go FAST this week!

Jimmy Dunn

10 Hawthorne Ct, Kirkwood, MO 63122 is coming soon. View 27 photos of this 4 bed, 3 bath, 3100 sqft. single family home with a list price of $765000.

04/08/2024

WHO WANTS TO BE OUR NEIGHBORS?

https://www.realtor.com/realestateandhomes-detail/10-Hawthorne-Ct_Kirkwood_MO_63122_M76752-48183

• Incredibly well-built and maintained home on a private cul-de-sac off Lockwood in Oakland.
• Originally built in 1937, the current owners have updated most everything, kitchen, roof, laundry room, electrical, gutters, etc, etc.
• 4 beds + 2.5 baths, including beautiful master suite with luxury bath and walkout to rooftop deck above a really nice sunroom, plus an outside deck overlooking the 1/3 acre private backyard.
• Kirkwood School District / MQP & St. Peter Parishes.
• Great neighbors with several young kids on the street.

Rumor has it the margaritas & guacamole are second to none on Friday evenings at the backyard neighbors’ place … plus … frequent invitations to their ‘private golf club’ on Saturdays!

Call me to get a LOAN COMMITMENT today, as this has private showings and will go FAST this week!

Jimmy Dunn

10 Hawthorne Ct, Kirkwood, MO 63122 is coming soon. View 27 photos of this 4 bed, 3 bath, 3100 sqft. single family home with a list price of $765000.

01/26/2024

Check this out !!

12/29/2023

Get ready for 2024...
INVENTORY IS OPENING UP AND RATES ARE GOING DOWN!

START-SIZE / UP-SIZE / DOWN-SIZE
Let's first have a brief conversation about your

RIGHT SIZE
and what truly makes sense for YOU.

Contact me to discuss your ideas and situation
& just how easy it can be to get a pre-approval.

Debt vs. Income

Assets
(what to use and what not to use)

Equity in your home

Credit Score
(without running it, unless you want to)

Jimmy Dunn
314-749-2293
[email protected]
NMLS # 806098

10/20/2023

About that waiting for rates to come down before you buy …

… note the year of 1971 and the rate of 7.5% on a 30 yr fixed rate

… then note how long it took to come down below 7.5%

… that’s correct … 22 years!

Think about it:

1) Using a $1500/mo average rent for only 5 more years, you will have paid your landlord $90,000 to use toward his/her mortgage, instead of paying down your first 5 years of a mortgage;

2) And chances are your rent will go up every year with inflation, and so will mortgage rates.

While you may think rates are high now, you’ve got nothing to lose and everything to gain by buying a house now instead of later … and if rates go down enough, we can always refi you into a lower rate with no fees about 6 months after we close on your new home.

How long are you willing to wait and cost yourself so much money?

Contact me now and I’ll get you preapproved so you can act immediately when the opportunity arises!

10/19/2023

Good News - Effective Immediately
Conforming Loan Limits Are Going UP!

Conforming vs Jumbo Loan Limits

Conforming loan limits are going from $726,250 to $750,000 with any closing after November 18th, 2023
Jumbos move to above $750,000
At this level my borrowers will save roughly $250/mo on a $937,500 purchase with a loan of $750,000 and a down payment of $187,500.

Time to plan for that move!

Reach me at 314-749-2293

09/28/2023

[Housing Inventory] Values & Rates

If rates go down, like many keep claiming they will, demand will be even greater than it is now. There are so many buyers on the sidelines right now waiting for rates to drop... now is the perfect time to buy (less competition)!!!

There are simply not enough homes being built or resold, so we are in this for the long-haul.

Several things to think about:

- most importantly, housing prices are not expected to come down no matter what happens, as there is so much demand regardless of what happens with rates

- you can always refi (for FREE) with us after 4-6 months, as long as rates drop enough to make it worth it for you.

- if/when rates do drop, the demand will be even greater causing prices to inflate even more

Bottom line: Rates will eventually drop, so don't let the rate stop you. (what goes up must come down). Now is a great time to buy!

Contact me to discuss a preapproval,
I’m happy to run some numbers for you!

Mortgage Solutions of St. Louis, LLC - Jimmy Dunn, loan officer
314-749-2293
[email protected]
NMLS # 806098

03/10/2023

THIS YOUNG MAN!
Studied up on how to buy at the right price, and how to budget on rehabbing.

Nailed it - created much greater value immediately within 2 months!

Didn’t hurt to have a mom with incredible design sense and a dad to keep a lid on costs too!
Congrats Team Miller, great investment for the future … and a very charming place!

03/02/2023

What a thrill to help these first-time buyers and their agent get them into their new house!

Preparation, patience, and persistence paid off big and now it’s time to turn their house into a home.

Shannon and Austin, I can’t thank you enough for the opportunity to educate and guide you through the mortgage process … and many thanks to you also Rocco for providing me with such a great opportunity … it was fun!

02/02/2023

Thinking about downsizing?

If so, consider that:

• Your home equity is locked up in your current home … using it more efficiently could save you a fortune
• A less expensive home can reduce your monthly payment and total debt
• And it will also lower your property taxes, insurance, utilities and maintenance by hundreds/mo
• You can set yourself up to pay off your new home within the same amount of time
• You can use the savings for other debts, traveling, investing, etc.
• Or you can use the savings to pay down the new loan much faster, possibly even half the time

Let’s see if it makes sense, first.

Contact me to discuss your personal situation.

Jimmy Dunn
[email protected]
(314)749-2293

Let’s Get a Move On!

01/27/2023

Five Keys to a Successful Mortgage Pre-approval

1. Advance Preparation – even if you’re just thinking about moving, this enables me to identify any potential red flags to help you adjust/correct them versus rushing it the day you see a house and finding out it just won’t work. It will save a LOT of expenses and headaches … plus realtors require a pre-approval to make/accept an offer anyway.

2. Credit Scores – higher the better, every 20-point marker helps even more on rate, such as above 680, 700, 720 and so on … we use the middle score, or lowest middle score if 2+ borrowers.

3. Debt-To-Income Ratio (DTI) – total monthly reported debt on your credit report (for things like car, student, and credit card loans) divided by your gross monthly income…must be below 49%.

4. Assets for Down-payment & Closing Costs – you can borrow up to 97% of the purchase price and will need liquid assets of at least 3% down plus another 2-2.5%+/- for closing costs.

5. Loan to Value (LTV) – How much you put down determines your LTV. If you borrow above 80% of the purchase price, then you will need MI (mortgage insurance).

Contact me to help you position yourself for the best possible pre-approval.

📨Email: [email protected]
☎️Phone: 314-749-2293
💰NMLS # 806098

01/12/2023

Absolutely honored and blessed to have helped these two wonderful people with their financing needs…
Thanks Mike & Stacy!