Dylan Mayeux- Mortgage Loan Orginator

11/10/2022

Hope everyone stays safe out there!

11/04/2022

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11/01/2022

Debt service coverage ratio loans are one of the most powerful tools in real estate investing. Qualified based on property performance, these loans allow you to leverage your capital effectively at a rate that doesn’t eat all of your income, like hard money. So what is debt service coverage? Basically the revenue from the property (market rent) needs to at least cover the properties expenses and finance charges. If rent is $1000 a month then your expenses cannot be more than $1000 a month (principal interest taxes insurance hoa ). I currently offer these loans with a 20% down payment or 75% ltv for cash outs on existing properties, fico scores down to 640 and no pts on base rates. Dave Ramsey is saying the first two quarters of 2023 may be one of the best buying opportunities in the next 5 years. Lets talk today! Fay Mortgage Services

10/31/2022

Wishing everyone a fun and safe night! Go get some candy!!

10/17/2022

Buyer’s have struggled to find any leverage in the housing market for the last 5 years. Competition from other buyers, cash buyer and institutional investors have continued to increased values and decrease the ability for the average home buyer to compete in the growing market. Due to economical concerns and higher interest rates, we are seeing investors and normal buyers alike start to step back, leading to longer transaction timelines for sellers and the stabilization of valuation. Buyers are now getting contracts with seller credits, reduced purchase prices and other seller concessions. If you have been sitting on the sidelines, now may be your opportunity to take advantage of your new found leverage in the housing market. I have a variety of different programs, from FHA to dscr investment products; Fannie Mae home possible to investment fix and flip with no income verification. Call or message me today!

09/14/2022

One of the most effective way to build wealth in real estate is to flip distressed properties into a rental portfolio and cash out the equity created in the restoration process to replenish capital to use on the next project. Fix and flip/ fixed rentals programs are here at a great rate! Message me today.

09/13/2022

Calling all investors! I’ve got financing for all kinds of projects. Whether your purchasing your first investment property or looking to flip a quad plex, I’ve got extremely competitive rates on products that will push your business plan to the next level. Call me today!

09/07/2022

This is important. We are likely going into the next stage of the economical cycle which will be made more difficult for those who are over leveraged with debt. If you have high credit card balances, car payments, installment loans and/or other revolving debt; send me a message or give me a call as soon as possible. It’s time to figure out a plan going forward and the first step is getting high interest debt paid off! I’m here to help and I am offer no cost no obligation mortgage savings analysis.

08/31/2022

A good home buying team requires a long list of industry professionals, from Mortgage Loan Officers and Realtors to contractors and real estate law professionals. I have teamed up with the best in the bay to bring a top tier experience to all of my borrowers. Call or message me today! Fay Mortgage Services

08/23/2022

Now offering Fannie Mae manufactured home loans for homes built after 1976! Very good pricing for this sector of the industry! Message me today for more details!

08/15/2022

This one closed on Friday, 29 days from the contract date. The realtor let me know that we had a very strict timeline. Fay Mortgage and I prepped the file and we’re ready to close just 19 days after the contract was executed. Though we had final approved the file, the seller was unable to close early. Offering quick, efficient and clean closings are offered to every client, every time. If you need a home loan, whether it be for an investment property, second home or primary residence, I’m your go to expert in the industry! I have programs for first time home buyers, self employed borrowers and institutional investors. Call or message me today!

08/04/2022

As stated, almost every conversation about mortgages starts off with “what is the current interest rate”. Let’s talk about a different way to look at rate. Imagine you’re buying a property that you intend to keep for 2-3 years. The lowest rate possible no longer makes sense, since it probably adds 2% of the purchase price into the closing costs. Instead we find the break even point on 2 years and we go with the slightly high rate but lower closing costs so that your rate buy down makes sense or even look at a higher rate with a lender credit. Conversely, if you plan on keeping the property for 30 Years, then the maximum buy down makes sense, since you will save more money long term with the lower rate compared to your initial investment.